2021-11-15T16:16:39-06:00 2020-12-31 BKD LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2020-01-01 250502660 GBU FINANCIAL LIFE % DOUGLAS ULRICH GBUF 4128845100 4254 SAW MILL RUN BOULEVARD PITTSBURGH PA 15227 DOUGLAS A ULRICH VP/CONTROLLER 4128845100 2021-11-15 true DOUGLAS A ULRICH 999009999 Aaron Hershberger P00961884 5136218300 2 2020 2022-09-23 18:48:47Z LEA ANN HAZI 4254 SAW MILL RUN BOULEVARD PITTSBURGH PA 15227 897943026 false X WWW.GBU.ORG X 1892 PA LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY. 8 7 133 0 0 36715 471337637 467078953 148676943 150461952 124222 112855 620138802 617690475 0 0 565284066 570420842 6600802 7893930 0 0 0 17673017 20216318 589557885 598531090 30580917 19159385 3089848154 3433633566 2860170120 3185487882 229678034 248145684 LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY. false false LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true true true false true 14290 0 true 133 true false false false false false false false false false false false false X 8 7 false false false false true true true true true false true true true true true true true true true true false X DOUGLAS ULRICH 4128845100 4254 SAW MILL BOULEVARD PITTSBURGH PA 152273344 WILLIAM W HUNT CEO 40.0 1.0 X X 532550 0 17236 LESLEY MANN CHIEF MARKETING OFFICER 40.0 0.0 X 357023 0 2000 TIMOTHY KING VP/CHIEF INVESTMENT OFFICER 40.0 0.0 X 306821 0 13844 DOUGLAS A ULRICH VICE PRESIDENT/CONTROLLER 40.0 0.0 X 234411 0 10945 DEBORAH L MORGAN VICE PRESIDENT OF OPERATIONS 40.0 0.0 X 228446 0 12880 MATTHEW M BLISTAN JR NATIONAL VICE PRESIDENT 40.0 0.0 X 219226 0 20035 RICARDO RODRIGUEZ SR DIRECTOR - HUMAN RESOURCES 40.0 0.0 X 158156 0 7700 MICHAEL TUNNEY CHIEF UNDERWRITER 40.0 0.0 X 152211 0 3145 KAREN POTKUL PROJECT MANAGEMENT 40.0 0.0 X 136421 0 8772 LEA ANN HAZI NAT'L DIRECTOR / BOARD CHAIR 5.0 1.0 X X 70425 0 0 CHRISTINA E MACKELLAR NATIONAL DIRECTOR 2.0 1.0 X 49654 0 0 DAVID L PRINGLE NATIONAL DIRECTOR 2.0 1.0 X 39139 0 0 DONNA L BROPHY NATIONAL DIRECTOR 2.0 1.0 X 30685 0 0 DAVID E BEVINS NATIONAL DIRECTOR 2.0 1.0 X 30015 0 0 JOHN B SCHMOTZER NATIONAL DIRECTOR 2.0 1.0 X 27500 0 0 JOSEPH S BIELECKI NATIONAL DIRECTOR 2.0 1.0 X 27250 0 0 2599933 0 96557 9 false true false DIMARCO CONSTRUCTION CO 265 STATE STREET CLAIRTON PA 15025 CONSTRUCTION 1111835 OPTIMUM REINSURANCE CO PO BOX 660010 DALLAS TX 75266 REINSURANCE 560188 MILLER NEWBERG 8717 WEST 110TH STREET OVERLAND PARK KS 66210 PROFESSIONAL SERVICE 521742 PNC BANK PO BOX 60244 PHILADELPHIA PA 19102 PROFESSIONAL SERVICE 493424 BALANCE GROWTH ENTERPRISE 980 NORTH MICHIGAN AVE CHICAGO IL 60611 PROFESSIONAL SERVICE 470930 24 36715 36715 Premiums & Annuities 900099 467078953 467078953 467078953 157063193 157063193 0 0 448748 335893 112855 0 112855 112855 273315417 279916658 -6601241 -6601241 -6601241 0 0 0 0 0 0 0 0 0 0 617690475 467078953 150574807 0 0 0 570420842 2230085 0 3471309 1355833 501784 334919 0 240610 1449424 0 0 0 593057 410008 1393120 0 0 531764 79734 0 284069 0 0 1442975 106335 Commissions 11293469 Refund to Members 1031383 Frateral Expenses 712924 Miscellaneous 647446 598531090 0 0 0 26870914 28078606 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1919944 95709 890203 1824235 2964905782 3302045389 0 0 0 0 0 0 97181255 101685336 3089848154 3433633566 0 9395 0 0 70146 80968 0 0 0 0 0 0 0 0 0 0 2860099974 3185397519 2860170120 3185487882 X 0 0 0 0 229678034 248145684 229678034 248145684 3089848154 3433633566 X 19159385 -58500 -633235 X false true X true false 116431 116431 95893 10328 85565 1707620 85381 1622239 1824235 0 Amounts Retained as Agent 13304447 Asset Valuation Reserve 24000000 General Exp & Other Liab 1701008 Interest Maintenance Reserve 6469363 Liab For Deposit-Type Contracts 65723672 Life Policies and Contracts 3070599029 Policy and Contract Claims 2500000 Refunds Payable 1100000 3185397519 616488323 616488323 1538045 -335893 1202152 617690475 597328938 335893 335893 596993045 1538045 1538045 598531090 PART XI, LINE 4B OTHER ADJUSTMENTS: RENTAL EXPENSES $(335,893) PART XII, LINE 2D OTHER ADJUSTMENTS: RENTAL EXPENSES $ 335,893 X X false false false MATTHEW M BLISTAN JR NATIONAL VICE PRESIDENT 177082 0 29526 0 12618 0 8274 0 11761 0 239261 0 WILLIAM W HUNT CEO 298605 0 221209 0 12736 0 10930 0 6306 0 549786 0 DOUGLAS A ULRICH VICE PRESIDENT/CONTROLLER 188156 0 28754 0 17501 0 8177 0 2768 0 245356 0 TIMOTHY KING VP/CHIEF INVESTMENT OFFICER 260476 0 41996 0 4349 0 7538 0 6306 0 320665 0 DEBORAH L MORGAN VICE PRESIDENT OF OPERATIONS 185021 0 29294 0 14131 0 6574 0 6306 0 241326 0 LESLEY MANN CHIEF MARKETING OFFICER 281665 0 75358 0 0 0 2000 0 0 0 359023 0 RICARDO RODRIGUEZ SR DIRECTOR - HUMAN RESOURCES 144867 0 13289 0 0 0 1700 0 6000 0 165856 0 MICHAEL TUNNEY CHIEF UNDERWRITER 138574 0 13637 0 0 0 0 0 3145 0 155356 0 FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES DURING THE TAX YEAR, GBU FINANCIAL LIFE (GBU) SWITCHED PROFESSIONAL EMPLOYER ORGANIZATIONS (PEO). PAYROLL WAS PROCESSED BY THE TWO PEO'S PROVIDING SERVICES TO GBU WITH ONE PEO PROVIDING FORMS W-2 TO 61 EMPLOYEES AND THE SUBSEQUENT PEO PROVIDING FORMS W-2 TO 72 EMPLOYEES. THE TOTAL REPORTED ON FORM 990, PART V, LINE 2A IS 133, THIS AMOUNT INCLUDES DUPLICATE EMPLOYEES THAT WERE REPORTED BY BOTH PEO'S FOR THE TIME THE EMPLOYEE WAS EMPLOYED BY GBU WHEN THE PEO WAS PROVIDING SERVICES TO GBU. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS MEMBERSHIP SHALL BE EXTENDED TO ANY PERSON IN ACCORDANCE WITH THE REQUIREMENTS AND LIMITATIONS SET FORTH IN THE CHARTER, THE BY-LAWS, AND THE RESOLUTIONS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT AT THE GENERAL CONVENTION, DELEGATES ELECT THE BOARD OF DIRECTORS AND THE ELECTED BOARD OF DIRECTORS THEN OPERATE AS THE GOVERNING BODY BETWEEN CONVENTIONS.THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS THE BOARD OF DIRECTORS MUST SEEK APPROVAL FROM A GENERAL OR SPECIAL CONVENTION ONLY IF THEY WISH TO AMEND THE ASSOCIATION BY-LAWS PERTAINING TO THE CONVENTION, AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990 THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. MANAGEMENT REVIEWS A DRAFT OF THE FORM 990. THE FORM 990 IS PROVIDED TO GOVERNING BOARD FOR REVIEW PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S PRACTICE FOR MONITORING COMPLIANCE EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY DISCLOSURE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 Compensation Review Process The CEO's compensation is determined by the compensation committee, a committee made up of members of the board of directors of GBU Financial Life. The committee recommends the compensation to the entire board of directors for approval. Compensation adjustments are determined by reviewing the CEO to evaluate goals achieved and accomplishments made during the previous year. Comparability data is also used when needed. Key employee's (management) are evaluated by the CEO to determine compensation. Compensation is determined by reviewing goals the individual achieved and accomplishments made during the previous year. Comparability data is also used when needed. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS THE ORGANIZATION MAKES ALL APPLICABLE DOCUMENTS AVAILABLE UPON REQUEST, DURING NORMAL OFFICE HOURS. FORM 990, PART XI, LINE 9 OTHER CHANGES CHANGE IN NONADMITTED ASSETS $(133,235) CHANGE IN ASSET VALUATION RESERVE (500,000) TOTAL $(633,235) GBU FOUNDAITON INC 4254 SAW MILL RUN BOULEVARD PITTSBURGH PA 15227 256076646 SCHOLARSHIPS PA 501(C)(3) 7 GBU true false true false false false false false false false false false false false true true false true false false GBU FOUNDATION INC B 129244 ACTUAL AMOUNT