Armed Services Mutual Benefit Association logo

Armed Services Mutual Benefit Association

Public charity · Grantmaker Goodlettsville, TN EIN: 62-0758518 Website

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.

Key facts about Armed Services Mutual Benefit Association

In short: Armed Services Mutual Benefit Association gave $137K across 1 grant in 2025 (avg $137K), mostly in Tennessee. Source: 2025 IRS Form 990.

EIN
62-0758518
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$137,226
Grants made (2025)
1
Average grant
$137,226
Median grant
$137,226
Total assets
$63,346,194
Primary geography
Tennessee (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$63.3M

+5.5% YoY

Annual Giving

$137K

+21.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$137K

+21.2% YoY

How Armed Services Mutual Benefit Association gives

  • Giving grew 34% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Goodlettsville

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $86K (2021) to $137K (2025). In 2025 it made 1 grant totaling $137K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Asmba Star Foundation Inc: $137KAsmba Star Foundation Inc$137K

The largest 2025 recipient was Asmba Star Foundation Inc ($137K).

Grant Size Distribution

5 grants across all recorded years

<$50K1$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 4 grants of 5 (80%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Asmba Star Foundation Inc Goodlettsville, TNSupport Military Not-for-Profits$137,226

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$63,346,194$60,063,419$56,245,710
Revenue$8,573,677$7,896,351$7,537,390
Expenses$5,477,437$5,885,557$5,906,651
Net Investment Income$2,908,323$2,024,729$1,533,713

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS January 30, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS January 21, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS February 14, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2022)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2023)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS October 21, 2024)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS December 8, 2025)
  8. IRS filings on file for fiscal years 2020–2025

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

BRICE N SMITH non-voting — President: $345KBRICE N SMITH non-votingPresident$345K

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.

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