2021-11-15T15:44:25-06:00 2020-12-31 420714325 RSM US LLP 4650 E 53RD ST DAVENPORT IA 528073479 990 2020-01-01 361493430 MODERN WOODMEN OF AMERICA MODE 3097866481 1701 1ST AVE ROCK ISLAND IL 612018724 BRETT M VAN CIO & TREASURER 3097866481 2021-11-15 1 BRETT VAN 999009999 JENIFER L CHASE P01306883 5638884000 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z W KENNY MASSEY 1701 1ST AVE ROCK ISLAND IL 612018724 1662858431 0 X WWW.MODERNWOODMEN.ORG X 1883 IL TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS. 9 4 1940 194900 19119876 8353684 0 0 1656451151 1662858431 0 0 0 0 1656451151 1662858431 1030049 1104858 1271759015 1316377136 85831491 78014984 0 0 0 208304539 142933484 1566925094 1538430462 89526057 124427969 17340647018 18178582196 15322338424 15930725575 2018308594 2247856621 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 (735,913 MEMBERS) FRATERNAL BENEFITS (30,706 BENEFICIARIES) YOUTH COMMUNITY SERVICE PROGRAMS: YOUTH ACTIVITIES (3,152) AND PROGRAMS (1,518) 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 66810 0 1 1940 1 1 1 0 0 0 0 0 1 0 X 9 4 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X TODD D SWANSON 3095583077 1701 FIRST AVENUE ROCK ISLAND IL 61201 WILLIAM KENNY MASSEY PRESIDENT 40.00 X X 2076192 0 2556959 JERALD J LYPHOUT NATIONAL SECRETARY 40.00 X X 901600 0 2147114 BRETT M VAN CHIEF INVESTMENT OFFICER & TREASURER 40.00 X X 788119 0 1572072 JOSEPH A SZTAPKA DIRECTOR & REGIONAL DIRECTOR 40.00 X 435144 49224 488956 LESTER BOHNERT GENERAL COUNSEL 40.00 X X 558454 0 1129089 DAVID B EMRICK DIRECTOR 5.00 X 114473 0 0 LORI NEWBERG DIRECTOR 5.00 X 100636 0 0 JAMES E TEMPERLEY DIRECTOR 5.00 X 100235 0 0 SAM KUPRESIN DIRECTOR 5.00 X 98518 0 0 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 40.00 X 423107 0 649114 STEVEN J OLLENBURG CHIEF RISK OFFICER 40.00 X 457947 0 437073 JILL LAIN WEAVER CHIEF FRATERNAL DIRECTOR 40.00 X 337959 0 550007 JEFFREY N SOWARDS CHIEF DISTRIBUTION & MARKETING OFFICER 40.00 X 441553 0 265620 TODD DAVID SWANSON CHIEF ACCOUNTING OFFICER 40.00 X 396970 0 301012 DANIEL G DEPUYDT CHIEF HUMAN RESOURCES OFFICER 40.00 X 451757 0 154970 DARWIN D LARRISON CHIEF INFORMATION SECURITY OFFICER 40.00 X 260363 0 117236 KENNY D JACKSON REGIONAL DIRECTOR 40.00 X 547355 48577 589563 DANIEL L LAWRENCE REGIONAL DIRECTOR 40.00 X 707454 84451 390406 ROBERT KEORKUNIAN REGIONAL DIRECTOR 40.00 X 700496 61525 395230 MARK SPERFSLAGE FORMER EXECUTIVE VICE PRESIDENT 40.00 X 929384 0 1083 KELLY G HERRING REGIONAL DIRECTOR 40.00 X 436721 25673 430337 DENIS PATRICK PRIOR FORMER NATIONAL SECRETARY 0.00 X 127622 0 7264 DARCY ANN CALLAS FORMER SPECIAL PROJECTS COORDINATOR 0.00 X 119155 0 14183 11511214 269450 12197288 272 1 1 0 SE2 5801 SW SIXTH AVENUE TOPEKA KS 66636 PRODUCT MANAGEMENT 1695823 OFI INSTITUTIONAL DISCOVERY SMALL 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 INVESTMENT MANAGEMENT 602018 ERNST & YOUNG PNC BANK EY US LLP 3712 SOLUTIONS C CHICAGO IL 60677 AUDIT AND CONSULTING 593952 WELIS LLC 10 OCEANA WAY NORWOOD MA 02062 SOFTWARE DEVELOPMENT & MAINTENANCE 329725 PRUDENTIAL PRIVATE PLACEMENT INVESTORS L GATEWAY CTR 3 18TH FLOOR NEWARK NJ 07102 INVESTMENT MANAGEMENT 301344 15 PREMIUMS & OTHER RECEIPTS 524113 916237175 916237175 GROSS INVESTMENT INCOME 524113 626500892 626500892 OTHER INCOME 524113 120067196 101000488 19066708 PRINTING INCOME 323100 53168 53168 1662858431 1662858431 1643738555 19119876 0 573958 530900 1316377136 7686988 39945814 7935297 15800933 6645952 592323 505705 1047994 820813 1840227 4541120 1098693 5675734 160215 1955788 9400658 9726168 549790 COMMISSIONS 50313027 MISCELLANEOUS EXPENSE 24981257 CHAPTER ADMIN & EXPENSE 9580339 UNRELATED BUSINESS INCO 1754274 18389359 1538430462 2882595 12020496 360471411 945967651 75259777 55414377 21480736 19845400 1417452 2140796 15543345408 15539770091 1411049416 1658837762 17340647018 18178582196 17675913 14870086 567906945 615859326 14736755566 15299996163 15322338424 15930725575 X 0 0 0 0 2018308594 2247856621 2018308594 2247856621 17340647018 18178582196 X 124427969 176660076 -71540018 X X 0 1 X 1 0 463770 1345245 1809015 606229 63453373 48388324 15671278 9391160 7026053 2365107 19845400 BONDS 13331495815 F COMMON STOCKS 957284259 F MORTGAGE LOANS 418693360 C OTHER INVESTED ASSETS 681019820 F CERTIFICATE LOANS 139276837 C PREFERRED STOCKS 12000000 F 15539770091 SECURITIES LENDING 432657972 SEPARATE ACCOUNTS 1095492377 INVESTMENT INCOME DUE & ACCRUED 122844931 AMOUNTS RECOVERABLE FROM REINSURERS 4122998 RECEIVABLE FROM SUBSIDIARIES & AFFILIATES 666312 UNCOLLECTED PREMIUMS 320504 MISCELLANEOUS ASSETS 208749 RECEIVABLE FOR SECURITIES 2523919 1658837762 CONTRACT RESERVES 13144760966 SECURITIES LENDING 432657972 ASSET VALUATION RESERVE 412575621 SEPARATE ACCOUNTS 1095492377 OTHER LIABILITIES 32967150 LIABILITY FOR BENEFITS FOR EMPLOYEES & FIELDWORKERS 68861240 INTEREST MAINTENANCE RESERVE 25548866 CONTRACT CLAIM LIABILITY 50484413 DRAFTS OUTSTANDING 24098910 PROVISION FOR REFUNDS PAYABLE 9060000 PREMIUMS RECEIVED IN ADVANCE 3488648 15299996163 1633869300 0 1633869300 28989131 28989131 1662858431 1509441331 0 1509441331 28989131 28989131 1538430462 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 48495161 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 27985486 0 0 0 0 0 0 76480647 0 76480647 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 AMERICAN NATIONAL RED CROSS 1100 RIVER DRIVE MOLINE IL 61265 530196605 501(C)(3) 17500 GENERAL SUPPORT BETHANY FOR CHILDREN & FAMILIES 1830 6TH AVENUE MOLINE IL 61265 362166973 501(C)(3) 8000 COMMUNITY CELEBRATION SPONSORSHIP BIG BROTHERS BIG SISTERS OF MISSISSIPPI VALLEY 130 W 5TH STREET DAVENPORT IA 52801 421320809 501(C)(3) 10500 YOUTH MENTORING & GENERAL SUPPORT BOYS AND GIRLS CLUB OF THE MISSISSIPPI VALLEY INC 338 6TH STREET MOLINE IL 61265 363838421 501(C)(3) 8000 SPONSORSHIP CENTER FOR ACTIVE SENIORS INC 1035 W KIMBERLY ROAD DAVENPORT IA 52806 421011267 501(C)(3) 13000 GENERAL SUPPORT CHRISTIAN FRIENDLINESS ASSOCIATION INC - YOUTHHOPE 3928 12TH AVENUE MOLINE IL 61265 362193602 501(C)(3) 6350 GENERAL SUPPORT DEVELOPMENT ASSOCIATION OF ROCK ISLAND 100 19TH STREET SUITE 109 ROCK ISLAND IL 61201 362757981 501(C)(6) 5775 DARI MEMBERSHIP FRIENDLY HOUSE OF DAVENPORT IOWA 1221 N MYRTLE STREET DAVENPORT IA 52804 420733466 501(C)(3) 9775 GENERAL SUPPORT FRIENDS OF EAST MOLINE PUBLIC LIBRARY 740 16TH AVENUE EAST MOLINE IL 61244 363722100 501(C)(3) 10000 CAPITAL CAMPAIGN PROJECT FRIENDSHIP MANOR INC 1209 21ST AVE ROCK ISLAND IL 61201 362524984 501(C)(3) 10000 GENERAL SUPPORT & SPONSORSHIP GILDA'S CLUB OF QUAD CITIES 1234 E RIVER DRIVE DAVENPORT IA 52803 421446989 501(C)(3) 31350 CAPITAL CAMPAIGN GIRL SCOUTS OF EASTERN IOWAWESTERN ILLINOIS 940 GOLDEN VALLEY DRIVE BETTENDORF IA 52722 421008848 501(C)(3) 5000 SUPPORT OUTREACH INITIATIVE HABITAT FOR HUMANITY - QUAD CITIES INC 3625 MISSISSIPPI AVENUE DAVENPORT IA 52807 421404937 501(C)(3) 11850 GENERAL SUPPORT & SPONSORSHIP HUMILITY HOMES AND SERVICES INC 3805 MISSISSIPPI AVENUE DAVENPORT IA 52807 010916973 501(C)(3) 6600 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF THE HEARTLAND INC 800 12TH AVENUE MOLINE IL 61265 362684253 501(C)(3) 10000 SPONSORSHIP LIFE HAPPENS 1530 WILSON BLVD SUITE 1060 ARLINGTON VA 22209 521904610 501(C)(6) 20900 GENERAL SUPPORT MIDWEST WRITING CENTER 225 E 2ND STREET SUITE 303 DAVENPORT IA 52801 421126078 501(C)(3) 6000 WRITERS CONFERENCE SPONSORSHIP MUSCATINE CENTER FOR SOCIAL ACTION 312 IOWA AVE MUSCATINE IA 52761 421367973 501(C)(3) 5000 SPONSORSHIP PUTNAM MUSEUM OF HISTORY 1717 W 12TH STREET DAVENPORT IA 52804 420680474 501(C)(3) 25000 SPONSORSHIP QUAD CITIES CHAMBER OF COMMERCE 331 W 3RD ST SUITE 100 DAVENPORT IA 52801 362878405 501(C)(6) 35000 GENERAL SUPPORT QUAD CITIES COMMUNITY FOUNDATION 825 MIDDLE ROAD NO 100 BETTENDORF IA 52722 426122716 501(C)(3) 25000 DISASTER RECOVERY SUPPORT QUAD CITY ARTS INC 1715 2ND AVENUE ROCK ISLAND IL 61201 363122824 501(C)(3) 8000 YOUTH APPRENTICESHIP PROGRAM QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION 327 BRADY STREET DAVENPORT IA 52801 426017663 501(C)(3) 8000 GENERAL SUPPORT & SPONSORSHIP ST AMBROSE UNIVERSITY 518 W LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 25000 COLLEGE OF BUSINESS RENOVATIONS TWO RIVERS YMCA INC 2040 53RD STREET MOLINE IL 61265 362169199 501(C)(3) 37000 CAPITAL CAMPAIGN YMCA OF THE IOWA MISSISSIPPI VALLEY 630 E 4TH STREET DAVENPORT IA 52801 420703278 501(C)(3) 15000 BUILDING FOR GENERATIONS PROJECT YWCA OF THE QUAD CITIES 229 16TH ST ROCK ISLAND IL 61201 362171176 501(C)(3) 75000 SPONSORSHIP & CAPITAL CAMPAIGN 24 3 SCHOLARSHIPS 198 479300 ORPHAN BENEFITS 18 51590 PART I, LINE 2: ALTHOUGH MODERN WOODMEN 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 MODERN WOODMEN COMMITTEE OR BOARD OF DIRECTORS BASED ON ESTABLISHED CRITERIA. ELIGIBLE SCHOLARSHIP RECIPIENTS MUST BE BENEFICIAL MEMBERS OF MODERN WOODMEN 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 PRESIDENT 1630699 0 376000 0 69493 0 2542777 0 14182 0 4633151 0 0 0 JERALD J LYPHOUT NATIONAL SECRETARY 703584 0 162250 0 35766 0 2132932 0 14182 0 3048714 0 0 0 BRETT M VAN CHIEF INVESTMENT OFFICER & TREASURER 608355 0 144992 0 34772 0 1553962 0 18110 0 2360191 0 0 0 LESTER BOHNERT GENERAL COUNSEL 427927 0 102343 0 28184 0 1110979 0 18110 0 1687543 0 0 0 KENNY D JACKSON REGIONAL DIRECTOR 152758 0 69199 0 325398 48577 573377 0 16186 0 1136918 48577 0 0 DANIEL L LAWRENCE REGIONAL DIRECTOR 200300 0 102329 0 404825 84451 369304 0 21102 0 1097860 84451 0 0 ROBERT KEORKUNIAN REGIONAL DIRECTOR 191830 0 115279 0 393387 61525 385872 0 9358 0 1095726 61525 0 0 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 350012 0 68201 0 4894 0 634932 0 14182 0 1072221 0 0 0 JOSEPH A SZTAPKA DIRECTOR & REGIONAL DIRECTOR 154678 0 46574 0 233892 49224 467854 0 21102 0 924100 49224 0 0 MARK SPERFSLAGE FORMER EXECUTIVE VICE PRESIDENT 84852 0 83 0 844449 0 1083 0 0 0 930467 0 0 0 STEVEN J OLLENBURG CHIEF RISK OFFICER 376922 0 73069 0 7956 0 422891 0 14182 0 895020 0 0 0 KELLY G HERRING REGIONAL DIRECTOR 92344 0 28475 0 315902 25673 414151 0 16186 0 867058 25673 0 0 JILL LAIN WEAVER CHIEF FRATERNAL DIRECTOR 281920 0 54036 0 2003 0 541279 0 8728 0 887966 0 0 0 JEFFREY N SOWARDS CHIEF DISTRIBUTION & MARKETING OFFIC 369848 0 69000 0 2705 0 247510 0 18110 0 707173 0 0 0 TODD DAVID SWANSON CHIEF ACCOUNTING OFFICER 334576 0 62207 0 187 0 282902 0 18110 0 697982 0 0 0 DANIEL G DEPUYDT CHIEF HUMAN RESOURCES OFFICER 369949 0 71600 0 10208 0 140788 0 14182 0 606727 0 0 0 DARWIN D LARRISON CHIEF INFORMATION SECURITY OFFICER 222731 0 35881 0 1751 0 99126 0 18110 0 377599 0 0 0 DENIS PATRICK PRIOR FORMER NATIONAL SECRETARY 127622 0 0 0 0 0 0 0 7264 0 134886 0 0 0 DARCY ANN CALLAS FORMER SPECIAL PROJECTS COORDINATOR 119155 0 0 0 0 0 0 0 14183 0 133338 0 119155 0 PART I, LINE 1A PART I, LINE IA: 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 2020, 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 2020, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED THE TRAVEL FOR COMPANIONS BENEFIT: 5 DIRECTORS, 8 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. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: IN TAX YEAR 2020, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: 1 DIRECTOR, 8 OFFICERS, AND 5 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 2020, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED HEALTH OR SOCIAL DUES: 5 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 PLAN WAS CLOSED TO NEW PARTICIPANTS EFFECTIVE MARCH 1, 2016. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2020 SPONSORED BY MODERN WOODMEN OF AMERICA: MICHAEL SCOTT ANDREWS - $3,516, LESTER BOHNERT - $5,784, DANIEL G. DEPUYDT - $4,128, KELLY G. HERRING - $9,677, KENNY D. JACKSON - $8,445, ROBERT KEORKUNIAN - $8,420, DANIEL L. LAWRENCE - $11,366, JERALD J. LYPHOUT - $14,485, WILLIAM KENNY MASSEY - $46,452, STEVEN J. OLLENBURG - $3,973, MARK SPERFSLAGE - $215,691, JOSEPH A. SZTAPKA - $3,463, AND BRETT M. VAN - $12,467. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY MODERN WOODMEN OF AMERICA ON BEHALF OF THE INDIVIDUAL TO THE PLAN IN 2020. 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 INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2020 SPONSORED BY MODERN WOODMEN OF AMERICA: DARCY ANN CALLAS - $119,155, ALBERT T. HURST, JR. - $97,839, WILLIAM KELTNER - $53,438, AND DENIS PATRICK PRIOR - $127,622. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR DISTRIBUTION TO THE INDIVIDUAL 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 250000 CAPITAL CONTRIBUTION 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 2134666 REIMBURSEMENT OF EXPENSES 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 85470 RECEIPT OF RENT 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 458218 SALARIES 0 MWAGIA SEE BELOW IN PART V 533658 REIMBURSEMENT OF EXPENSES 0 MWAGIA SEE BELOW IN PART V 13890 RECEIPT OF RENT 0 MWAGIA SEE BELOW IN PART V 147937 SALARIES 0 FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWA FINANCIAL SERVICES:LESTER BOHNERT, JERALD J. LYPHOUT, WILLIAM KENNY MASSEY, 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, JERRY J. LYPHOUT AND TODD DAVID SWANSON WERE OFFICERS AND LESTER BOHNERT, WILLIAM KENNY MASSEY, 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 BOHNERT, JERALD J. LYPHOUT, WILLIAM KENNY MASSEY, 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, JERALD J. LYPHOUT AND WILLIAM KENNY MASSEY WERE OFFICERS, AND LESTER BOHNERT, JEFFREY N. SOWARDS, AND BRETT M. VAN WERE DIRECTORS OF MWAGIA. FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY IS ORGANIZED AS A FRATERNAL BENEFIT SOCIETY WITH MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PROVIDED TO THE GOVERNING BODY FOR FINAL REVIEW AFTER PREPARATION BY THE ACCOUNTING STAFF AND REVIEW BY THE CHIEF ACCOUNTING OFFICER WITH THE ASSISTANCE OF AN EXTERNAL ACCOUNTING FIRM. 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. 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 THE PRESIDENT AND NATIONAL SECRETARY IS DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. 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 -1,350,939. CHANGE IN ASSET VALUATION RESERVE -86,470,646. FRATERNAL BENEFIT RESERVE CHANGE 70,824. CHANGE IN POSTRETIREMENT MEDICAL BENEFITS FOR EMPLOYEES & FIELDWORKERS 1,009,525. CHANGE IN PREPAID PENSION PLAN COSTS 19,144,547. CHANGE IN PENSION PLAN LIABILITY FOR BENEFITS -3,656,445. CHANGE IN POSTRETIREMENT PENSION PLAN LIABILITY FOR BENEFITS -286,884. 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. HUDSON CLEAN ENERGY PARTNERS 400 FRANK BURR BOULEVARD TEANECK NJ 07666 263202466 INVESTING CJ MODERN WOODMEN OF AMERICA EXCLUDED -99110 8497615 0 0 0.89650 INVESCO SMALL CAP GROWTH FUND LLC 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 680577323 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 11973975 56434071 0 0 1.00000 CVC CREDIT PARTNERS US DIRECT LENDING FUND II (UL) LP 712 FIFTH AVENUE 42ND FLOOR NEW YORK NY 10019 831402462 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 880904 19085214 0 0 1.00000 MWA FUND OF ONE 40 EAST 52ND STREET NEW YORK NY 10022 844035681 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 1690794 66247196 0 0 0.97970 MWA FINANCIAL SERVICES INC 1701 FIRST AVENUE ROCK ISLAND IL 61201 364420471 BROKER/DEALER IL MODERN WOODMEN OF AMERICA C 24418731 3624433 1.00000 1 MWAGIA 1701 FIRST AVENUE ROCK ISLAND IL 61201 371414457 GENERAL INSURANCE AGENCY IL MWA FINANCIAL SERVICES INC C 2398654 469504 1.00000 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 MWA FINANCIAL SERVICES INC A 85470 FAIR MARKET VALUE MWAGIA A 13890 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC B 250000 FAIR MARKET VALUE CVC CREDIT PARTNERS US DIRECT LENDING FUND II (UL) LP B 30853644 FAIR MARKET VALUE MWA FUND OF ONE B 66987885 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC O 458218 FAIR MARKET VALUE MWAGIA O 147937 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC P 2134666 FAIR MARKET VALUE MWAGIA P 533658 FAIR MARKET VALUE CVC CREDIT PARTNERS US DIRECT LENDING FUND II (UL) LP S 15477827 FAIR MARKET VALUE INVESCO SMALL CAP GROWTH FUND LLC S 403390 FAIR MARKET VALUE MWA FUND OF ONE S 2431483 FAIR MARKET VALUE