CATHOLIC LIFE INSURANCE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- CATHOLIC LIFE INSURANCE (EIN 74-0548665)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-11
- IRS object ID
- 202123159349300007
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-11T02:27:09-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 E WASHINGTON STREET STE 910 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740548665 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic Life Insurance | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % COLLEEN Z BERGER | InCareOfNm |
| Business Name Control | CATH | BusinessNameControlTxt |
| Phone | 2108289921 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1635 NE LOOP 410 SUITE 400 | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78209 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | COLLEEN Z BERGER | PersonNm |
| Person Title | SVP/CFO | PersonTitleTxt |
| Phone | 2108289921 | PhoneNum |
| Signature | 2021-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | COLLEEN Z | PersonFirstNm |
| Person Last | BERGER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICK SHIELDS | PreparerPersonNm |
| PTIN | P01508556 | PTIN |
| Phone | 6023223000 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | COLLEEN Z BERGER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SAME AS C ABOVE | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $242,213,616 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | CLIU.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1901 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | Catholic Life Insurance is a fraternal benefit society that offers life insurance, retirement products and Medicare supplement insurance. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 76 | TotalEmployeeCnt |
| Total Volunteers | 415 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $51,904,085 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $65,994,175 | CYProgramServiceRevenueAmt |
| PY Investment Income | $52,162,669 | PYInvestmentIncomeAmt |
| CY Investment Income | $48,805,369 | CYInvestmentIncomeAmt |
| PY Other Revenue | $938,630 | PYOtherRevenueAmt |
| CY Other Revenue | $501,553 | CYOtherRevenueAmt |
| PY Total Revenue | $105,005,384 | PYTotalRevenueAmt |
| CY Total Revenue | $115,301,097 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $75,108,026 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $77,323,417 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,811,479 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,364,192 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,200,335 | PYOtherExpensesAmt |
| CY Other Expenses | $28,799,101 | CYOtherExpensesAmt |
| PY Total Expenses | $99,119,840 | PYTotalExpensesAmt |
| CY Total Expenses | $112,486,710 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,885,544 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,814,387 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,207,953,221 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,234,007,036 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,104,699,746 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,128,176,219 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $103,253,475 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $105,830,817 | NetAssetsOrFundBalancesEOYAmt |
| Mission | CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE, RETIREMENT PRODUCTS AND MEDICARE SUPPLEMENT INSURANCE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Catholic Life Insurance is a fraternal benefit society that offers life insurance, retirement products and Medicare supplement insurance. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 27753 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 76 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | COLLEEN Z BERGER | PersonNm |
| Phone | 2108289921 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1635 NE LOOP 410 SUITE 400 | AddressLine1Txt |
| City | SAN ANTONIO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Joseph Michael Belz | |||||||||
| President/CEO | 38.5 | 0.0 | Yes (X) | Yes (X) | $582,237 | $0 | $160,095 | ||
| John Michael Luksa | |||||||||
| SVP/Director of Sales | 38.5 | 0.0 | $203,287 | $0 | $51,293 | Yes (X) | |||
| Colleen Z Berger | |||||||||
| SVP/CFO | 38.5 | 0.0 | Yes (X) | $204,572 | $0 | $46,543 | |||
| Michael A Nance | |||||||||
| VP/Treasurer | 38.5 | 0.0 | Yes (X) | $167,635 | $0 | $40,228 | |||
| Scott D Brant | |||||||||
| SVP/Information Technologies | 38.5 | 0.0 | $162,272 | $0 | $29,500 | Yes (X) | |||
| Frank Gentile | |||||||||
| SVP/Chief Underwriter | 38.5 | 0.0 | $155,785 | $0 | $30,778 | Yes (X) | |||
| Barbara A Cheaney | |||||||||
| SVP/Marketing-Communications | 38.5 | 0.0 | $138,154 | $0 | $38,670 | Yes (X) | |||
| Dawn C Fanfelle | |||||||||
| VP/Human Resources & Training | 38.5 | 0.0 | $115,914 | $0 | $12,938 | Yes (X) | |||
| Tricia D Michalek | |||||||||
| VP/Operations | 38.5 | 0.0 | $101,638 | $0 | $9,613 | Yes (X) | |||
| Michael C Stolowski | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $20,080 | $0 | $0 | |||
| Tommy J Hoelscher | |||||||||
| Director (Termed 9/2020) | 4.0 | 0.0 | Yes (X) | $19,807 | $0 | $0 | |||
| Felix J Skarpa | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $18,763 | $0 | $0 | |||
| Robert L Moczygemba Sr | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $17,805 | $0 | $0 | |||
| Cynthia Travis-Olson | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $17,605 | $0 | $0 | |||
| Jo Ann Shimek | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $17,605 | $0 | $0 | |||
| Charles L Hughes Jr | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $17,155 | $0 | $0 | |||
| Sandra T King | |||||||||
| Director (Termed 9/2020) | 4.0 | 0.0 | Yes (X) | $12,650 | $0 | $0 | |||
| Dennis R Matthiesen | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $6,845 | $0 | $0 | |||
| Ronnie W Kadlacek | |||||||||
| Director | 4.0 | 0.0 | Yes (X) | $6,595 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,986,404 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $419,658 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Wellington Management Co LLP | |||||
| 75 State Street | BOSTON | MA | 02109 | Investment MGMT | $750,402 |
| Allen Bailey Associates Inc | |||||
| 8310 Capital of TX Hwy Ste 370 | AUSTIN | TX | 78731 | Actuarial Services | $296,066 |
| Eugene Smart | |||||
| 5889 S Braeswood Blvd | HOUSTON | TX | 77096 | Independent Agent | $451,492 |
| The Sabinal Group | |||||
| 237 W Travis 200 | SAN ANTONIO | TX | 78205 | Construction | $653,872 |
| ERNST YOUNG US LLP | |||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | Indp. Audit srvc | $264,727 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INS. PREMIUMS & ANNUITY CONSIDERATIONS | Desc |
| Business | 524114 | BusinessCd |
| Total Revenue Column | $65,994,175 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $65,994,175 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $65,994,175 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,471,700 | TotalRevenueColumnAmt |
| Exclusion | $50,471,700 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $885,038 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,482,039 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$597,001 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$597,001 | TotalRevenueColumnAmt |
| Exclusion | -$597,001 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $123,764,149 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $125,430,480 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,666,331 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,666,331 | TotalRevenueColumnAmt |
| Exclusion | -$1,666,331 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMORTIZATION OF IMR | Desc |
| Business | 524114 | BusinessCd |
| Total Revenue Column | $1,098,554 | TotalRevenueColumnAmt |
| Exclusion | $1,098,554 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,098,554 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,301,097 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $65,994,175 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $49,306,922 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,323,417 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,610,800 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,481,751 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $252,391 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $665,935 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,315 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,291 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $688,756 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $988,193 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,717 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,636 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $977,031 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,866 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,637 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,106 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $364,673 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $906,951 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,786 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| INCREASE IN POLICY RSV | $20,294,923 |
| COMMISSIONS | $2,960,361 |
| FRAT EXP. & BRANCH FUNDING | $351,940 |
| ALL OTHER EXPENSES | $419,234 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,486,710 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,752,765 | BOYAmt |
| EOY | $8,867,941 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,705,560 | BOYAmt |
| EOY | $12,014,561 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,905,183 | BOYAmt |
| EOY | $5,744,111 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,673,217 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $9,374,556 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,043,831 | BOYAmt |
| EOY | $6,298,661 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,151,134,862 | BOYAmt |
| EOY | $1,188,885,365 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,246,720 | BOYAmt |
| EOY | $12,019,342 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,300 | BOYAmt |
| EOY | $177,055 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,207,953,221 | BOYAmt |
| EOY | $1,234,007,036 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,691,626 | BOYAmt |
| EOY | $1,665,276 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,103,008,120 | BOYAmt |
| EOY | $1,126,510,943 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,104,699,746 | BOYAmt |
| EOY | $1,128,176,219 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,253,475 | BOYAmt |
| EOY | $105,830,817 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,207,953,221 | BOYAmt |
| EOY | $1,234,007,036 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,814,387 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $185,384 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$422,429 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $11,357,683 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $5,502,774 | DepreciationAmt |
| Book Value | $5,854,909 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $3,434,272 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $3,131,793 | DepreciationAmt |
| Book Value | $302,479 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $881,262 | OtherCostOrOtherBasisAmt |
| Depreciation | $739,989 | DepreciationAmt |
| Book Value | $141,273 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $6,298,661 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (13 entries)
| DescDesc | AmtAmt |
|---|---|
| AGGREGATE RESERVE FOR LIFE | $1,084,816,570 |
| AGGREGATE RESERVE FOR ACCIDENT | $338 |
| LIABILITY FOR DEPOSIT-TYPE CONTRACT | $15,505,114 |
| CONTRACT CLAIMS - LIFE | $11,866,009 |
| CONTRACT CLAIMS - ACCIDENT AND HEALTH | $10,747 |
| PREMIUMS AND ANNUITY CONSIDERATIONS | $1,012,963 |
| CONTRACT LIABILITIES NOT INCLUDED ELSEWHERE | $3,196,324 |
| UNEARNED INVESTMENT INCOME | $184,385 |
| AMOUNTS WITHHELD OR RETAINED BY SOCIETY | $33,210 |
| REMITTANCES AND ITEMS NOT ALLOCATED | $63,066 |
| LIABILITY FOR BENEFITS FOR EMPLOYEES | $894,840 |
| MISCELLANEOUS LIABILITIES - ASSET VALUATION RESERVE | $6,197,344 |
| AGGREGATE WRITE-INS FOR LIABILITIES | $2,730,033 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,126,510,943 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $115,624,433 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$1,342,995 | OtherRevenueAmt |
| Revenue Not Reported | -$1,342,995 | RevenueNotReportedAmt |
| Revenue Subtotal | $116,967,428 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$1,666,331 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$1,666,331 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $115,301,097 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $111,143,715 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $111,143,715 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,342,995 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,342,995 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $112,486,710 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PART XI, LINE 2D | REAL ESTATE AND INVESTMENT EXPENSE RECLASSES |
| SCHEDULE D, PART XI, LINE 4B | NET LOSS FROM THE SALE OF ASSETS |
| SCHEDULE D, PART XII, LINE 4B | REAL ESTATE AND INVESTMENT EXPENSE RECLASSES |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joseph Michael Belz | ||||||||||||||
| President/CEO | $500,337 | $0 | $67,670 | $0 | $14,230 | $0 | $138,674 | $0 | $21,421 | $0 | $742,332 | $0 | $0 | $0 |
| John Michael Luksa | ||||||||||||||
| SVP/Director of Sales | $173,332 | $0 | $26,556 | $0 | $3,399 | $0 | $14,067 | $0 | $37,226 | $0 | $254,580 | $0 | $0 | $0 |
| Colleen Z Berger | ||||||||||||||
| SVP/CFO | $189,095 | $0 | $13,988 | $0 | $1,489 | $0 | $22,382 | $0 | $24,161 | $0 | $251,115 | $0 | $0 | $0 |
| Michael A Nance | ||||||||||||||
| VP/Treasurer | $152,595 | $0 | $6,999 | $0 | $8,041 | $0 | $8,145 | $0 | $32,083 | $0 | $207,863 | $0 | $0 | $0 |
| Scott D Brant | ||||||||||||||
| SVP/Information Technologies | $147,490 | $0 | $11,324 | $0 | $3,458 | $0 | $16,697 | $0 | $12,803 | $0 | $191,772 | $0 | $0 | $0 |
| Frank Gentile | ||||||||||||||
| SVP/Chief Underwriter | $144,847 | $0 | $9,449 | $0 | $1,489 | $0 | $16,450 | $0 | $14,328 | $0 | $186,563 | $0 | $0 | $0 |
| Barbara A Cheaney | ||||||||||||||
| SVP/Marketing-Communications | $127,825 | $0 | $8,591 | $0 | $1,738 | $0 | $15,472 | $0 | $23,198 | $0 | $176,824 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | A companion may travel with employee to business function. Cost of companion is paid by employee unless there are events within the business function suggesting the companion attend. If so, one-half of cost is paid by employee. Social club dues are paid for use by President/CEO for networking. Expenses related to personal usage are reimbursed by President/CEO. Schedule J, Part I, Line 4B The President/CEO participates in a SERP. A scheduled portion was paid to him during 2020. This was included in taxable income in 2018. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, LINE 4 | Effective September 12, 2020 the bylaws of the organization were amended to reflect changes to articles related to the elections of officers, and board of director requirements, composition and powers. Form 990, Part VI, Line 6 The organization has members. |
| Form 990, Part VI, Line 7a | The organization has members who may elect one or more members of the governing body. The decisions of the governing body are subject to approval by the members. |
| Form 990, Part VI, Line 7b | The decisions of the governing body are subject to the approval by the members. For example, proposed changes to the bylaws are brought before the delegates, who represent the membership, for approval at bi-annual conventions. Proposed changes may include the Society's name change or re-location, or a possible merger with or acquisition of another entity. |
| Form 990, Part VI, Line 11B | An outside firm completes the Catholic Life Insurance Form 990 based on information provided by the CLI Accounting Department. Once complete, a detailed review of the specific amounts within the return are reviewed by the CFO. The President/CEO performs a very general overview of selected parts of the return. |
| Form 990, Part VI, Line 12c | Each officer and director is required to complete a conflict of interest form annually. The President/CEO reviews each form. |
| Form 990, Part VI, Line 15a | The Board of Directors determine the compensation of the President/CEO. The Compensation Committee of the Board reviews the most recent LOMA Executive Compensation Survey. Include in this survey are salary comparisons of fraternal benefit societies and other comparable companies within various positions and company size. The Compensation Committee reviews and submits a recommendation for salary and performance bonus of the President/CEO to the Board of Directors for approval. Compensation Committee recommendations are discussed by the entire Board of Directors and actions taken are documented in the Board meeting minutes. These Board meeting minutes are kept in the home office. The 2020 review was performed in March 2020. |
| Form 990, Part VI, Line 15b | Recommendations of compensation to be paid to all officers are submitted by the President/CEO to the Compensation Committee for their review and submission to the Board of Directors for approval. Compensation recommendations for officers are based on the most recent LOMA Executive Compensation Survey. Compensation Committee recommendations are discussed by the entire Board of Directors and actions taken are documented in the Board meeting minutes. These minutes are kept in the home office. The 2020 review was performed in March 2020. |
| Form 990, Part VI, Line 19 | The governing documents, conflict of interest policy, and financial statements are available from the home office to the public upon request. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS Change in non-admitted assets $ 730,588 Change in asset valuation reserve 505,788 Increase of defined benefit plan liability (1,004,344) Net of amounts transferred to the IMR (654,461) ------------------------------------------ TOTAL OTHER CHANGES IN NET ASSETS $ (422,429) |
| Form 990, Part XII, Line 1 | The financial statements of Catholic Life Insurance are presented on the basis of accounting practices prescribed and permitted by the Texas Department of Insurance.(TDI) The TDI recognizes only statutory accounting practices prescribed or permitted by the state of Texas for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under the Texas Insurance Law. |