2024-11-15T09:01:52-06:00 2023-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2023-01-01 361493430 MODERN WOODMEN OF AMERICA MODE 3097866481 1701 1ST AVE ROCK ISLAND IL 612018724 TODD D SWANSON CHIEF FINANCIAL OFFICER 3097866481 2024-11-14 1 0 JENIFER L CHASE P01306883 5638884000 2024-11-14 2023 2024-10-15 13:58:12Z W KENNY MASSEY 1701 1ST AVE ROCK ISLAND IL 612018724 1973207410 0 X WWW.MODERNWOODMEN.ORG X 1883 IL TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS 9 4 1884 250000 52640824 13910962 0 0 1753210728 1973207410 0 0 0 0 1753210728 1973207410 1084039 1222757 1393865485 1447172547 69257613 84169465 0 0 0 171308125 206469385 1635515262 1739034154 117695466 234173256 17138403394 17733036164 14722367418 15282122474 2416035976 2450913690 TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS 0 0 LIFE INSURANCE PROGRAMS: MODERN WOODMEN OF AMERICA PROVIDES BENEFITS AND SERVICES COVERAGE FOR LIFE, ANNUITY, AND ACCIDENT & HEALTH INSURANCE (706,959 MEMBERS). FRATERNAL BENEFITS (22,130 BENEFICIARIES). YOUTH COMMUNITY SERVICE ACTIVITIES (3,315). 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 216536 0 1 1884 1 1 1 1 LU 0 0 0 0 1 0 X 9 4 0 0 0 0 1 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X TODD D SWANSON 3095583077 1701 FIRST AVENUE ROCK ISLAND IL 61201 WILLIAM KENNY MASSEY FORMER PRESIDENT AND CEO 40.00 X X 17149312 0 1111 JERALD J LYPHOUT PRESIDENT AND CEO 40.00 X X 1741898 0 1958782 LESTER L BOHNERT GENERAL COUNSEL 40.00 X X 780181 0 756126 BRETT M VAN CHIEF INVESTMENT OFFICER & TREASURER 40.00 X X 933828 0 978986 SHEA E DOYLE NATIONAL SECRETARY AND EXECUTIVE VICE PRESIDENT 40.00 X X 537994 0 2704785 JOSEPH A SZTAPKA DIRECTOR & REGIONAL DIRECTOR 40.00 X 659413 64728 309974 LORI NEWBERG DIRECTOR 5.00 X 163354 0 0 JAMES E TEMPERLEY DIRECTOR 5.00 X 156746 0 0 SANDRA LEIGH STOSZ DIRECTOR 5.00 X 103050 0 0 JACQUELINE RAE ZACHMEYER DIRECTOR 5.00 X 15833 0 0 DAVE NUERENBERGER FORMER DIRECTOR 5.00 X 139513 0 0 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 40.00 X 473234 0 244242 TODD DAVID SWANSON CHIEF ACCOUNTING OFFICER 40.00 X 615249 0 1558707 JILL LAIN WEAVER CHIEF FRATERNAL OFFICER 40.00 X 410170 0 894823 DANIEL G DEPUYDT FORMER CHIEF HUMAN RESOURCES OFFICER 40.00 X 744054 0 9538 STEVEN J OLLENBURG CHIEF RISK OFFICER 40.00 X 502669 0 339787 JEFFREY N SOWARDS CHIEF DISTRIBUTION & MARKETING OFFICER 40.00 X 664204 0 200211 DARWIN D LARRISON CHIEF INFORMATION SECURITY OFFICER 40.00 X 311727 0 115530 XIN LIU CHIEF FINANCIAL ACTUARY 40.00 X 433393 0 712795 TERESA J RICHHART CHIEF HUMAN RESOURCES OFFICER 40.00 X 372797 0 748144 MARK E SINGLETON CHIEF STRATEGY OFFICER 40.00 X 484975 0 163973 ROBERT KEORKUNIAN REGIONAL DIRECTOR 40.00 X 1054034 91108 387323 CHAD FOSTER REGIONAL DIRECTOR 40.00 X 731144 53821 92937 DANIEL L LAWRENCE REGIONAL DIRECTOR 40.00 X 758786 103188 235083 JONATHON MARSH REGIONAL DIRECTOR 40.00 X 829296 55532 140188 KENNY D JACKSON REGIONAL DIRECTOR 40.00 X 556228 45391 320948 SAM KUPRESIN FORMER DIRECTOR 0.00 X 16038 0 0 DARCY CALLAS FORMER SPECIAL PROJECTS COORDINATOR 0.00 X 146546 0 9643 31485666 413768 12883636 364 1 1 0 CRONIN GROUP HOLDINGS 50 NYE RD GLASTONBURY CT 06033 ADVERTISING/BRAND CAMPAIGN 1254974 PINEBRIDGE INVESTMENTS LLC 65 E 55TH STREET 5TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT 976134 ZINNIA 5801 SW SIXTH AVENUE TOPEKA KS 66636 PRODUCT MANAGEMENT 919938 HITACHI SOLUTIONS AMERICA 100 SPECTRUM CENTER DR SUITE 350 IRVINE CA 92618 IT SERVICES 600071 ESTES COMPANY LLC 131 W 2ND ST STE 400 DAVENPORT IA 52801 BUILDING IMPROVEMENTS 554754 32 PREMIUMS & OTHER RECEIPTS 524113 1219487065 1219487065 GROSS INVESTMENT INCOME 524113 725120874 672582695 52538179 OTHER INCOME 524113 28496826 28496826 PRINTING INCOME 323100 102645 102645 1973207410 1973207410 1920566586 52640824 0 704757 518000 1447172547 10183084 50443397 -4803321 20588649 7757656 288418 490763 2098064 2775744 7211616 5341718 15865633 7926808 508793 5950262 35867821 6456716 597882 COMMISSIONS 64927588 TRANSFERED TO SA 13717078 FRATERNAL ACTIVITIES AN 12339085 FEDERAL AND STATE INCOM 7025049 17080347 1739034154 3300026 3293204 234785592 149543427 84712521 62836135 17946898 21876386 2698604 2573331 15339283510 15653084036 1540388764 1902665780 17138403394 17733036164 22166406 22383371 722027107 751821816 13978173905 14507917287 14722367418 15282122474 X 0 0 0 0 2416035976 2450913690 2416035976 2450913690 17138403394 17733036164 X 234173256 36862030 -236157572 X X 0 1 X 1 0 1345245 1345245 1069999 70927799 55139085 16858713 11369478 7697050 3672428 21876386 BONDS 12901958700 F COMMON STOCKS 892790670 F MORTGAGE LOANS 373315718 C OTHER INVESTED ASSETS 1284762770 F CERTIFICATE LOANS 126906087 C PREFERRED STOCKS 73350091 F 15653084036 SECURITIES LENDING 362751289 SEPARATE ACCOUNTS 1324854948 INVESTMENT INCOME DUE & ACCRUED 136247302 AMOUNTS RECOVERABLE FROM REINSURERS 43562171 RECEIVABLE FROM SUBSIDIARIES & AFFILIATES 878231 UNCOLLECTED PREMIUMS 459538 REINSURANCE RECEIVABLE 299242 MISCELLANEOUS ASSETS 274338 RECEIVABLES FOR SECURITIES 3639097 IMR - NONALLOWABLE 29699624 1902665780 CONTRACT RESERVES 10700287558 SECURITIES LENDING 362751289 ASSET VALUATION RESERVE 375347431 SEPARATE ACCOUNTS 1324854948 OTHER LIABILITIES 5597591 LIABILITY FOR BENEFITS FOR EMPLOYEES & FIELDWORKERS 76764034 CONTRACT CLAIM LIABILITY 35125604 DRAFTS OUTSTANDING 27192296 FUNDS HELD UNDER COINSURANCE 1585492969 PROVISION FOR REFUNDS PAYABLE 11230000 PREMIUMS RECEIVED IN ADVANCE 3273567 14507917287 1953865679 36862030 36862030 1917003649 56203761 56203761 1973207410 1682830393 0 1682830393 56203761 56203761 1739034154 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 50249911 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 25340867 0 0 0 0 0 0 75590778 0 75590778 1 0 1 1 1 0 1 AMERICAN RED CROSS 1100 RIVER DRIVE MOLINE IL 61265 530196605 501(C)(3) 20210 0 GENERAL SUPPORT BALLET QUAD CITIES 613 17TH STREET ROCK ISLAND IL 61201 421366753 501(C)(3) 30000 0 EDUCATIONAL PROGRAM BETHANY FOR CHILDREN & FAMILIES 1830 6TH AVE MOLINE IL 61265 362166973 501(C)(3) 43333 0 CAPITAL CAMPAIGN PROJECT BIG BROTHERS BIG SISTERS 130 W 5TH STREET DAVENPORT IA 52801 421320809 501(C)(3) 12540 0 GENERAL SUPPORT BIRDIES FOR CHARITY 15623 COALTOWN RD EAST MOLINE IL 61244 931332421 501(C)(3) 11000 0 GENERAL SUPPORT BOYS AND GIRLS CLUB OF MISSISSIPPI VALLEY 338 6TH ST MOLINE IL 61265 363838421 501(C)(3) 10000 0 SPONSORSHIP CENTER FOR ACTIVE SENIORS INC 1035 W KIMBERLY RD DAVENPORT IA 52806 421011267 501(C)(3) 5070 0 GENERAL SUPPORT CHRISTIAN FRIENDLINESS ASSOCIATION - YOUTHHOPE 3928 12TH AVE MOLINE IL 61265 362193602 501(C)(3) 31460 0 CAPITAL CAMPAIGN PROJECT DEVELOPMENT ASSOCIATION OF ROCK ISLAND 100 19TH STREET STE 109 ROCK ISLAND IL 61201 362757981 501(C)(6) 8275 0 DARI MEMBERSHIP/SPONSORSHIP FAMILY RESOURCES INC 2800 EASTERN AVE DAVENPORT IA 52803 420698225 501(C)(3) 6460 0 SPONSORSHIP FRIENDLY HOUSE 1221 N MYRTLE ST DAVENPORT IA 52804 420733466 501(C)(3) 9910 0 GENERAL SUPPORT FRIENDSHIP MANOR 1209 21ST AVE ROCK ISLAND IL 61201 362524984 501(C)(3) 34000 0 CAPITAL CAMPAIGN/GENERAL SUPPORT GILDA'S CLUB OF QUAD CITIES 1234 E RIVER DR DAVENPORT IA 52803 421446989 501(C)(3) 16460 0 SPONSORSHIP/GENERAL SUPPORT HABITAT FOR HUMANITY QC 3625 MISSISSIPPI AVE DAVENPORT IA 52807 421404937 501(C)(3) 14460 0 GENERAL SUPPORT/SPONSORSHIP HANDICAPPED DEVELOPMENT CENTER 3402 HICKORY GROVE RD DAVENPORT IA 52806 420947868 501(C)(3) 6780 0 GENERAL SUPPORT/SPONSORSHIP HAWAII COMMUNITY FOUNDATION 827 FORT STREET MALL HONOLULU HI 96813 990261283 501(C)(3) 10000 0 MAUI STRONG FUND HUMILITY HOMES & SERVICES INC 3805 MISSISSIPPI AVE DAVENPORT IA 52807 010916973 501(C)(3) 6690 0 GENERAL SUPPORT JUNIOR ACHIEVEMENT 800 12TH AVE MOLINE IL 61265 362684253 501(C)(3) 47000 0 GENERAL SUPPORT/SPONSORSHIP Q2030 QUAD CITIES REGIONAL VISION 2550 MIDDLE RD STE 300 BETTENDORF IA 52722 861972292 501(C)(3) 25000 0 SPONSORSHIP/GENERAL SUPPORT QUAD CITY ARTS 1715 2ND AVE ROCK ISLAND IL 61201 363122824 501(C)(3) 12500 0 GENERAL SUPPORT/SPONSORSHIP QC SYMPHONY ORCHESTRA 327 BRADY ST DAVENPORT IA 52801 426017663 501(C)(3) 8000 0 GENERAL SUPPORT/SPONSORSHIP RIVER BEND FOOD BANK 4010 KIMMEL DR DAVENPORT IA 52802 363147342 501(C)(3) 32770 0 CAPITAL CAMPAIGN PROJECT ST AMBROSE UNIVERSITY 518 W LOCUST ST DAVENPORT IA 52803 420703280 501(C)(3) 20000 0 GENERAL SUPPORT TWO RIVERS YMCA 2040 53RD ST MOLINE IL 61265 362169199 501(C)(3) 32500 0 CAPITAL CAMPAIGN PROJECT YWCA OF THE QUAD CITIES 229 16TH ST ROCK ISLAND IL 61201 362171176 501(C)(3) 107500 0 CAPITAL CAMPAIGN PROJECT 24 1 SCHOLARSHIPS 198 474000 ORPHAN BENEFITS 14 44000 PART I, LINE 2: ALTHOUGH MODERN WOODMEN OF AMERICA (THE SOCIETY) DOES NOT HAVE SPECIFIC PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS, IT DOES HAVE PROCEDURES IN PLACE TO DECIDE WHO RECEIVES GRANTS, CONTRIBUTIONS, SCHOLARSHIPS AND ORPHAN BENEFITS. TO BE ELIGIBLE TO RECEIVE CONTRIBUTIONS AN ORGANIZATION MUST BE A 501(C)(3) OR 501(C)(6) ORGANIZATION. CONTRIBUTION RECIPIENTS ARE SELECTED BY A SOCIETY COMMITTEE OR BOARD OF DIRECTORS BASED ON ESTABLISHED CRITERIA. ELIGIBLE SCHOLARSHIP RECIPIENTS MUST BE BENEFICIAL MEMBERS OF THE SOCIETY AND ARE SELECTED BY AN INDEPENDENT COMMITTEE OR AT RANDOM BASED ON ESTABLISHED CRITERIA. SCHOLARSHIP CHECKS ARE MADE PAYABLE TO THE SCHOOL AND NOT THE INDIVIDUAL. ORPHAN BENEFITS ARE PROVIDED TO MEMBERS' CHILDREN OR JUNIOR MEMBERS WHO BECOME ORPHANED BEFORE THEIR 19TH BIRTHDAY. ELIGIBILITY REQUIREMENTS ARE ESTABLISHED BY THE BOARD OF DIRECTORS AND PAYMENTS ARE PAID ONLY TO LEGAL GUARDIANS. X X X X 1 1 X X X 0 1 0 WILLIAM KENNY MASSEY FORMER PRESIDENT AND CEO 233342 0 577800 0 16338170 0 1111 0 0 0 17150423 0 7158404 0 JERALD J LYPHOUT PRESIDENT AND CEO 1328616 0 301500 0 111782 0 1943181 0 15601 0 3700680 0 0 0 SHEA E DOYLE NATIONAL SECRETARY AND EXECUTIVE VIC 414857 0 75395 0 47742 0 2689184 0 15601 0 3242779 0 0 0 TODD DAVID SWANSON CHIEF ACCOUNTING OFFICER 504232 0 97507 0 13510 0 1538786 0 19921 0 2173956 0 0 0 BRETT M VAN CHIEF INVESTMENT OFFICER & TREASURER 698707 0 170992 0 64129 0 959065 0 19921 0 1912814 0 0 0 LESTER L BOHNERT GENERAL COUNSEL 583119 0 140343 0 56719 0 740525 0 15601 0 1536307 0 0 0 ROBERT KEORKUNIAN REGIONAL DIRECTOR 429675 0 72422 0 551937 91108 377451 0 9872 0 1441357 91108 0 0 JILL LAIN WEAVER CHIEF FRATERNAL OFFICER 327931 0 63836 0 18403 0 885222 0 9601 0 1304993 0 0 0 XIN LIU CHIEF FINANCIAL ACTUARY 360169 0 69872 0 3352 0 703194 0 9601 0 1146188 0 0 0 TERESA J RICHHART CHIEF HUMAN RESOURCES OFFICER 330492 0 39223 0 3082 0 732192 0 15952 0 1120941 0 0 0 DANIEL L LAWRENCE REGIONAL DIRECTOR 259863 0 57871 0 441052 103188 219040 0 16043 0 993869 103188 0 0 JOSEPH A SZTAPKA DIRECTOR & REGIONAL DIRECTOR 290190 0 41606 0 327617 64728 293931 0 16043 0 969387 64728 0 0 JONATHON MARSH REGIONAL DIRECTOR 294861 0 58784 0 475651 55532 119703 0 20485 0 969484 55532 0 0 KENNY D JACKSON REGIONAL DIRECTOR 141194 0 33360 0 381674 45391 304905 0 16043 0 877176 45391 0 0 CHAD FOSTER REGIONAL DIRECTOR 389000 0 39500 0 302644 53821 72452 0 20485 0 824081 53821 0 0 JEFFREY N SOWARDS CHIEF DISTRIBUTION & MARKETING OFFIC 538447 0 101500 0 24257 0 180290 0 19921 0 864415 0 0 0 STEVEN J OLLENBURG CHIEF RISK OFFICER 410771 0 84069 0 7829 0 324186 0 15601 0 842456 0 0 0 DANIEL G DEPUYDT FORMER CHIEF HUMAN RESOURCES OFFICER 165669 0 84735 0 493650 0 5938 0 3600 0 753592 0 228195 0 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 386928 0 77901 0 8405 0 228641 0 15601 0 717476 0 0 0 MARK E SINGLETON CHIEF STRATEGY OFFICER 429662 0 51083 0 4230 0 144818 0 19155 0 648948 0 0 0 DARWIN D LARRISON CHIEF INFORMATION SECURITY OFFICER 258991 0 51962 0 774 0 105609 0 9921 0 427257 0 0 0 LORI NEWBERG DIRECTOR 132845 0 1500 0 29009 0 0 0 0 0 163354 0 0 0 JAMES E TEMPERLEY DIRECTOR 125193 0 1500 0 30053 0 0 0 0 0 156746 0 0 0 DARCY CALLAS FORMER SPECIAL PROJECTS COORDINATOR 0 0 0 0 146546 0 0 0 9643 0 156189 0 0 0 SAM KUPRESIN FORMER DIRECTOR 0 0 0 0 16038 0 0 0 0 0 16038 0 0 0 PART I, LINE 1A MODERN WOODMEN OF AMERICA PROVIDES THE FOLLOWING TO INDIVIDUALS REPORTED IN PART VII, SECTION A, LINE IA: FIRST-CLASS OR CHARTER TRAVEL: IN TAX YEAR 2023, THE FOLLOWING TYPE OF INDIVIDUAL LISTED IN PART VII RECEIVED THE FIRST-CLASS OR CHARTER TRAVEL BENEFIT: 1 OFFICER. TRAVEL FOR COMPANIONS: IN TAX YEAR 2023, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED THE TRAVEL FOR COMPANIONS BENEFIT: 6 DIRECTORS, 12 OFFICERS, AND 3 HIGHEST COMPENSATED EMPLOYEES. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J PART, II. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: IN TAX YEAR 2023, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: 6 DIRECTOR, 11 OFFICERS, AND 4 HIGHEST COMPENSATED EMPLOYEES. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J, PART II. HEALTH OR SOCIAL CLUB DUES: IN TAX YEAR 2023, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED HEALTH OR SOCIAL DUES: 6 OFFICERS. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J, PART II. PART I, LINE 4B MODERN WOODMEN OF AMERICA SPONSORS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR EXECUTIVE-LEVEL EMPLOYEES WHOSE COMPENSATION EXCEEDS THE ANNUAL IRS LIMITS FOR QUALIFIED PENSION PLANS. THE PURPOSE OF THIS PLAN IS TO RESTORE RETIREMENT BENEFITS THAT ARE RESTRICTED FOR THESE EXECUTIVES UNDER THE ORGANIZATION'S QUALIFIED RETIREMENT PLANS BECAUSE OF THE IRS COMPENSATION LIMIT AND/OR IRS LIMITS ON QUALIFIED PLAN CONTRIBUTIONS AND ACCRUALS. THE ORIGINAL PLAN WAS CLOSED TO NEW PARTICIPANTS EFFECTIVE MARCH 1, 2016. MODERN WOODMEN OF AMERICA SPONSORS A SECOND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR EXECUTIVE-LEVEL EMPLOYEES WHOSE COMPENSATION EXCEEDS THE ANNUAL IRS LIMITS FOR QUALIFIED PENSION PLANS. THE PURPOSE OF THIS PLAN IS TO RESTORE RETIREMENT BENEFITS THAT ARE RESTRICTED FOR THESE EXECUTIVES UNDER THE ORGANIZATION'S QUALIFIED RETIREMENT PLANS BECAUSE OF THE IRS COMPENSATION LIMIT AND/OR IRS LIMITS ON QUALIFIED PLAN CONTRIBUTIONS AND ACCRUALS. THIS PLAN IS EFFECTIVE JANUARY 1, 2023. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2023 SPONSORED BY MODERN WOODMEN OF AMERICA: MICHAEL SCOTT ANDREWS - $4,223, LESTER BOHNERT - $10,043, DANIEL DEPUYDT - $356,361, KENNY JACKSON - $6,534, ROBERT KEORKUNIAN - $20,730, DANIEL LAWRENCE - $13,749, JERALD LYPHOUT - $27,298, JONATHON MARSH - $12,849, WILLIAM KENNY MASSEY - $14,460,730, STEVEN OLLENBURG - $5,300, JOSEPH SZTAPKA - $6,839, AND BRETT VAN - $15,409. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY MODERN WOODMEN OF AMERICA ON BEHALF OF THE INDIVIDUAL TO THE PLAN IN 2023. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. THE INCREASE OR DECREASE IN ACTUARIAL VALUE RELATED TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR THE INDIVIDUALS LISTED ABOVE IS INCLUDED IN DEFERRED COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2023 SPONSORED BY MODERN WOODMEN OF AMERICA: DARCY ANN CALLAS - $146,546. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR DISTRIBUTION TO THE INDIVIDUALS BY THE PLAN IN 2016. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. MWA FINANCIAL SERVICES SEE BELOW IN PART V 3417481 REIMBURSEMENT OF EXPENSES 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 87135 RECEIPT OF RENT 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 449991 SALARIES 0 MWAGIA SEE BELOW IN PART V 333686 REIMBURSEMENT OF EXPENSES 0 MWAGIA SEE BELOW IN PART V 13665 RECEIPT OF RENT 0 MWAGIA SEE BELOW IN PART V 368887 SALARIES 0 FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWA FINANCIAL SERVICES:LESTER L. BOHNERT, SHEA E. DOYLE, JERALD J. LYPHOUT, JEFFREY N. SOWARDS, TODD DAVID SWANSON, AND BRETT M. VAN ARE OFFICERS OF MODERN WOODMEN OF AMERICA AND ARE REPORTED ON THE FORM 990, PART VII. DURING THE TAX YEAR, SHEA E. DOYLE AND TODD DAVID SWANSON WERE OFFICERS, AND LESTER L. BOHNERT, JERARLD J. LYPHOUT, JEFFREY N. SOWARDS, AND BRETT M. VAN WERE DIRECTORS OF MWA FINANCIAL SERVICES. FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWAGIA:LESTER L. BOHNERT, SHEA E. DOYLE, JERALD J. LYPHOUT, JEFFREY N. SOWARDS, AND BRETT M. VAN ARE OFFICERS OF MODERN WOODMEN OF AMERICA AND ARE REPORTED ON THE FORM 990, PART VII. DURING THE TAX YEAR, SHEA E. DOYLE AND JERALD J. LYPHOUT WERE OFFICERS, AND LESTER L. BOHNERT, JEFFREY N. SOWARDS, AND BRETT M. VAN WERE DIRECTORS OF MWAGIA. FORM 990, PART VI, SECTION A, LINE 6 MODERN WOODMEN OF AMERICA IS ORGANIZED AS A FRATERNAL BENEFIT SOCIETY WITH MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ACCOUNTING STAFF AND REVIEWED BY THE CHIEF FINANCIAL OFFICER WITH THE ASSISTANCE OF AN EXTERNAL ACCOUNTING FIRM. THE FORM 990 IS THEN PROVIDED TO THE GOVERNING BODY FOR FINAL REVIEW AFTER FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST, ETHICS AND EXTERNAL AUDITOR QUESTIONNAIRES ARE SENT OUT EVERY JANUARY TO ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES. THESE ARE RETURNED TO THE PRESIDENT FOR REVIEW. THIS INFORMATION, INCLUDING THE PRESIDENT'S INFORMATION, IS REVIEWED AT THE ANNUAL BOARD OF DIRECTORS MEETING EACH FEBRUARY. EACH EMPLOYEE IS ASKED TO PERIODICALLY ACKNOWLEDGE THEIR UNDERSTANDING OF MODERN WOODMEN OF AMERICA'S PRINCIPLES OF CONDUCT. THE PRESIDENT AND GENERAL COUNSEL DETERMINE IF THERE ARE CONFLICTS OF INTEREST. THE GENERAL COUNSEL REPORTS ALL POTENTIAL CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS. IF A CONFLICT IS DETERMINED TO EXIST, THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE COURSE OF ACTION FOR MODERN WOODMEN OF AMERICA AND THE PERSON REPORTING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF COMPENSATION FOR THE PRESIDENT AND NATIONAL SECRETARY IS DETERMINED ANNUALLY BASED ON A RECOMMENDATION OF THE BOARD'S COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES INDUSTRY PEER GROUP SURVEY DATA FACTORED FOR RELATIVE ASSETS MANAGED, BENCHMARKING THE MEDIAN BASE PAY AS THE MIDPOINT OF THE RANGE RECOMMENDED. TOTAL COMPENSATION TARGETS INCLUDE VARIABLE BONUS PAY, PERQUISITES, AND THE COMPREHENSIVE BENEFITS PROGRAM AVAILABLE TO ALL MODERN WOODMEN OF AMERICA EMPLOYEES. THE BOARD MAY ENGAGE EXTERNAL CONSULTANT RESOURCES TO CONDUCT THE REVIEW AND FORMULATE RECOMMENDATIONS TO THE COMPENSATION COMMITTEE WHEN DEEMED NECESSARY. APPROVAL OF COMPENSATION FOR THE PRESIDENT AND NATIONAL SECRETARY IS DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. REVIEW AND APPROVAL OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OTHER THAN THE PRESIDENT AND NATIONAL SECRETARY IS CONDUCTED ANNUALLY BY MANAGEMENT, REVIEWED BY THE COMPENSATION COMMITTEE, AND APPROVED BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES THE EVALUATION OF INDUSTRY PEER GROUP SURVEY DATA FACTORED FOR THE RELATIVE ASSETS MANAGED, BASED ON THE MEDIAN AS THE MIDPOINT OF A PAY RANGE RECOMMENDED FOR EACH POSITION. THE REVIEW MAY ENTAIL THE USE OF AN OUTSIDE COMPENSATION CONSULTANT. TOTAL COMPENSATION TARGETS INCLUDE BASE PAY, VARIABLE COMPENSATION PROGRAMS, AND THE COMPREHENSIVE BENEFITS PROGRAM AVAILABLE TO ALL MODERN WOODMEN OF AMERICA EMPLOYEES. APPROVAL OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OTHER THAN PRESIDENT AND NATIONAL SECRETARY IS DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. BOTH PROCESSES LAST OCCURED IN APRIL 2024. FORM 990, PART VI, SECTION C, LINE 19 FEDERAL TAX LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE. CERTAIN INFORMATION IS AVAILABLE THROUGH THE DEPARTMENT OF INSURANCE, ON OUR WEBSITE, AND IN OUR MEMBER PUBLICATION. FORM 990, PART XI, LINE 9: CHANGE IN NONADMITTED ASSETS -77,845,984. CHANGE IN ASSET VALUATION RESERVE -180,564,928. FRATERNAL BENEFIT RESERVE CHANGE -619,796. CHANGE IN POSTRETIREMENT MEDICAL BENEFITS FOR EMPLOYEES & FIELDWORKERS -2,485,587. CHANGE IN PREPAID PENSION PLAN COSTS 37,847,170. CHANGE IN PENSION PLAN LIABILITY FOR BENEFITS -112,692. CHANGE IN POSTRETIREMENT PENSION PLAN LIABILITY FOR BENEFITS 14,352,895. CORRECTION OF PRIOR YEAR AGGREGATE RESERVE FOR LIFE CONTRACTS -26,728,650. FORM 990, PART XII, LINE 1: THE FINANCIAL STATEMENTS AND TAX RETURN ARE PREPARED ON THE BASIS OF ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION - DIVISION OF INSURANCE (STATUTORY ACCOUNTING PRACTICES). FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT OR THE SELECTION PROCESS FROM THE PRIOR YEAR. 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