Armed Services Mutual Benefit Association
To provide members with a variety of low cost benefit programs and financial security in the form of life insurance and survivor benefit coverages, which are not otherwise readily available, at reasonable rates or without limiting clauses (such as war) to members of the armed services due to their occupation and the risks involved.
Armed Services Mutual Benefit Association at a glance
In short: Armed Services Mutual Benefit Association gave $137K across 1 grant in 2025 (avg $137K), mostly in Tennessee. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $137,226
- +21.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $137,226
- +21.2% vs 2024
- Median grant
- $137,226
- Total assets
- $63,346,194
- +5.5% vs 2024
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Armed Services Mutual Benefit Association funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Asmba Star Foundation Inc ($137K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Armed Services Mutual Benefit Association gives
- Giving grew 34% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $86K (2021) to $137K (2025). In 2025 it made 1 grant totaling $137K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Asmba Star Foundation Inc Goodlettsville, TN | Support Military Not-for-Profits | $137,226 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $63,346,194 | $8,573,677 | $5,477,437 | $137,226 | 1 | $2,908,323 |
| 2024 | $60,063,419 | $7,896,351 | $5,885,557 | $113,219 | 1 | $2,024,729 |
| 2023 | $56,245,710 | $7,537,390 | $5,906,651 | $111,228 | 1 | $1,533,713 |
| 2022 | $55,566,131 | $7,665,042 | $7,196,076 | $102,485 | 1 | $1,575,287 |
| 2021 | $54,505,817 | $7,042,827 | $8,357,549 | $86,341 | 1 | $1,017,550 |
| 2020 | $51,537,152 | $7,641,969 | $6,641,253 | $98,866 | 1 | $1,419,694 |
| 2019 | $53,115,194 | $7,797,005 | $7,715,950 | $100,905 | 1 | $1,582,464 |
About Armed Services Mutual Benefit Association
Based on IRS filings
Armed Services Mutual Benefit Association is a public charity focused on public and societal benefit, based in Goodlettsville, TN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $63.3M in total assets. In 2025, it awarded 1 grant totaling $137K. Net investment income was $2.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Armed Services Mutual Benefit Association is led by BRICE N SMITH non-voting, President on every filing since 2021; 1 of 8 officers listed in 2025 is compensated.
Officers on the 2025 filing
BRICE N SMITH non-voting
President
On filings since 2021
45 hrs/week
$275K (2021) → $345K (2025)
Debra Kubiet
Chair
Governors Board → Vice Chair, 2022
Vice Chair → Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
James McKee
Governors Board
On filings since 2021
2 hrs/week
$842 (2022) → $0 (2025)
Dennis O. Tonneslan
Governors Board
Board of Governors Member → Chair, 2021
Chair → Governors Board, 2023
On filings since 2019
2 hrs/week
No compensation reported
John Saraga
Vice Chair
Board of Governors Member → Governors Board, 2021
Governors Board → Vice Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
Susan Favero
Governors Board
Board of Governors - Vice Chair → Governors Board, 2025
On filings since 2019
2 hrs/week
No compensation reported
Frank Murphy
Governors Board
On filings since 2023
2 hrs/week
No compensation reported
Pete Aubrey
Governors Board
On filings since 2023
2 hrs/week
No compensation reported
Former officers (12)
- Former: Daniel Parker (2019–2024) — Chair
- Former: CHERYL A STONE non-voting (2021–2024) — Vice President
- Former: William D. Whitaker (2019–2022) — Governors Board
- Former: William Powell Jr. PhD (2019–2022) — Governors Board
- Former: Brice N. Smith (2019–2020) — President
- Former: Charles M. Ingram (2019–2020) — Board of Advisors Member
- Former: Charles Smith Jr. (2019–2020) — Board of Governors Member
- Former: Cheryl A. Stone (2019–2020) — Vice President
- Former: David Howard (2019–2020) — Board of Advisors Member
- Former: Larry K. Dagley (2019–2020) — Board of Advisors Member
- Former: Sarah Beth Cliatt (2019–2020) — Board of Advisors Member
- Former: Marion W. Green (2019) — Board of Advisors Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $345K, to BRICE N SMITH non-voting (President).
Frequently asked questions about Armed Services Mutual Benefit Association
How much does Armed Services Mutual Benefit Association give each year?
Armed Services Mutual Benefit Association gave $137K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $113K across 1 grant.
How large is Armed Services Mutual Benefit Association?
Armed Services Mutual Benefit Association reported $63.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.6M.
What is Armed Services Mutual Benefit Association?
Armed Services Mutual Benefit Association is a public charity focused on public and societal benefit, based in Goodlettsville, TN. It holds $63.3M in total assets as of 2025.
Where does Armed Services Mutual Benefit Association operate?
Armed Services Mutual Benefit Association has awarded grants in Tennessee.
What is Armed Services Mutual Benefit Association's EIN?
Armed Services Mutual Benefit Association's EIN (Employer Identification Number) is 62-0758518. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS January 30, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS January 21, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 21, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS December 8, 2025)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Armed Services Mutual Benefit Association funds
Public, Societal Benefit Open opportunities, soonest deadline first.
- I.M.P.A.C.T. Council Grants $5,000 - $20,000 · Due October 26, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Armed Services Mutual Benefit Association's focus areas in our free grants database
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Armed Services Mutual Benefit Association down — hundreds of funders to go?