2018-11-14T09:38:52-06:00 2017-12-31 420714325 RSM US LLP 201 N HARRISON STREET SUITE 300 DAVENPORT IA 528011999 990 2017-01-01 361493430 MODERN WOODMEN OF AMERICA MODE 3097866481 1701 FIRST AVENUE ROCK ISLAND IL 61201 JERALD J LYPHOUT NATIONAL SECRETARY 3097866481 2018-11-12 1 JOHN J ROMANO P00227323 5638884000 108.171.131.186 2018-11-12 16:10:18 CS P 20BD7435954CA1AADAC5AC4EC6113D6219A4C44A 20BD7435954CA1AADAC5AC4EC6113D6219A4C44A 2017 2019-02-21 02:37:17Z W KENNY MASSEY 1701 FIRST AVENUE ROCK ISLAND IL 61201 1680010930 0 X WWW.MODERNWOODMEN.ORG X 1883 IL TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS. 9 4 2302 530000 667355 436635 0 0 1672884330 1680010930 0 0 0 0 1672884330 1680010930 1068478 987721 1351380738 1267338621 87563261 90296171 0 0 0 204626930 232495441 1644639407 1591117954 28244923 88892976 15401301491 16166263995 13768518993 14345976012 1632782498 1820287983 X 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 (759,942 MEMBERS) FRATERNAL BENEFITS (31,053 BENEFICIARIES) YOUTH COMMUNITY SERVICE PROGRAMS: YOUTH ACTIVITIES (6,266) AND PROGRAMS (17,907) FRATERNAL CHARACTER (759,942 MEMBERS) 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 69998 0 1 2302 1 1 1 0 0 0 0 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 JERALD J LYPHOUT 3097866481 1701 FIRST AVENUE ROCK ISLAND IL 61201 DARCY ANN CALLAS GENERAL COUNSEL 40.00 X X 720604 0 1402227 DAVID B EMRICK DIRECTOR 5.00 X 88138 0 0 WILLIAM KELTNER REGIONAL DIRECTOR 40.00 X 836458 15959 562001 JERALD J LYPHOUT NATIONAL SECRETARY 40.00 X X 600837 0 1413979 WILLIAM KENNY MASSEY PRESIDENT 40.00 X X 1658971 0 1986046 GARY L MEDD FORMER DIRECTOR 5.00 X 1986 0 0 LORI NEWBERG DIRECTOR 5.00 X 79120 0 0 ROBERT C POLLEX DIRECTOR 5.00 X 80623 0 0 JOSEPH A SZTAPKA DIRECTOR 40.00 X 609948 22640 492502 JAMES E TEMPERLEY DIRECTOR 5.00 X 70934 0 0 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 40.00 X 370724 0 750162 DANIEL G DEPUYDT HUMAN RESOURCES DIRECTOR 40.00 X 392679 0 140208 MELVIN L RAMBO CHIEF RISK OFFICER 40.00 X 325638 0 126011 PATRICK OMAR SAUNDERS ASSISTANT NATIONAL SECRETARY 40.00 X 333602 0 481331 BRETT M VAN TREASURER 40.00 X 515722 0 750748 JILL LAIN WEAVER FRATERNAL DIRECTOR 40.00 X 284642 0 477288 GEORGE RAYMOND WORLEY CHIEF DISTRIBUTION & MARKETING 40.00 X 504889 0 1103318 TODD DAVID SWANSON CONTROLLER 40.00 X 291649 0 203380 KELLY G HERRING REGIONAL DIRECTOR 40.00 X 511596 20677 372091 ALBERT T HURST JR REGIONAL DIRECTOR 40.00 X 1611920 3652 8910 KENNY D JACKSON REGIONAL DIRECTOR 40.00 X 684214 14084 516027 ROBERT KEORKUNIAN REGIONAL DIRECTOR 40.00 X 440522 64195 211616 DANIEL L LAWRENCE REGIONAL DIRECTOR 40.00 X 583268 49570 532606 DENIS PATRICK PRIOR FORMER NATIONAL SECRETARY 0.00 X 119746 0 10080 11718430 190777 11540531 314 1 1 0 SE2 5801 SW SIXTH AVENUE TOPEKA KS 66636 VA PRODUCT MANAGEMENT 1131842 ERNST & YOUNG PNC BANK EY US LLP 3712 SOLUTIONS C CHICAGO IL 60677 AUDIT AND CONSULTING 739357 KIMCO FACILITY SERVICES LLC PO BOX 638556 CINCINNATI OH 45263 CLEANING SERVICES 610109 BALANCED GROWTH CONSULTING 980 NORTH MICHIGAN AVENUE STE 1400 CHICAGO IL 60611 MANAGEMENT CONSULTING 571562 PRUDENTIAL PRIVATE PLACEMENT INVESTORS L GATEWAY CTR 3 18TH FLOOR NEWARK NJ 07102 INVESTMENT MANAGEMENT 460491 18 PREMIUMS & OTHER RECEIPTS 524113 1001642334 1001642334 GROSS INVESTMENT INCOME 524113 588741743 588741743 OTHER INCOME 524113 89564739 88959498 605241 PRINTING INCOME 323100 62114 62114 1680010930 1680010930 1679343575 667355 0 469556 518165 1267338621 6830456 37059605 22387107 16675260 7343743 545881 585526 881878 1309719 1897098 6019558 3740451 5722582 408147 2037842 2831067 6383375 343078 COMMISSIONS 65460724 MISCELLANEOUS EXPENSE 15927349 CHAPTER ADMIN & EXPENSE 14600085 UNRELATED BUSINESS INCO 148456 103652625 1591117954 1553886 733301 180026763 295582741 82220869 56159650 26585169 26061219 32118205 20937056 14198810444 14746666554 962207024 1076283124 15401301491 16166263995 15794827 15951365 125094683 266124231 13627629483 14063900416 13768518993 14345976012 X 0 0 0 0 1632782498 1820287983 1632782498 1820287983 15401301491 16166263995 X 88892976 136577540 -37965031 X X 0 1 X 1 0 463770 1345245 1809015 11038508 56666358 46403697 21301169 12706988 9755953 2951035 26061219 BONDS 12789706253 F COMMON STOCKS 852697886 F MORTGAGE LOANS 581122042 C OTHER INVESTED ASSETS 366038875 F CERTIFICATE LOANS 157101498 C 14746666554 SECURITIES LENDING 320360416 SEPARATE ACCOUNTS 613163789 INVESTMENT INCOME DUE & ACCRUED 130574202 AMOUNTS RECOVERABLE FROM REINSURERS 621912 RECEIVABLE FROM SUBSIDIARIES & AFFILIATES 1319223 UNCOLLECTED PREMIUMS 397323 MISCELLANEOUS ASSETS 63787 RECEIVABLE FOR SECURITIES 9782472 1076283124 CONTRACT RESERVES 12559379234 SECURITIES LENDING 320360416 ASSET VALUATION RESERVE 276170553 SEPARATE ACCOUNTS 613163789 OTHER LIABILITIES 107872738 LIABILITY FOR BENEFITS FOR EMPLOYEES & FIELDWORKERS 59243074 INTEREST MAINTENANCE RESERVE 54456564 CONTRACT CLAIM LIABILITY 45784549 DRAFTS OUTSTANDING 16857410 PROVISION FOR REFUNDS PAYABLE 7300000 PREMIUMS RECEIVED IN ADVANCE 3312089 14063900416 1659647470 0 1659647470 20363460 20363460 1680010930 1570754495 0 1570754495 20363459 20363459 1591117954 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 48210453 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 18879070 0 0 0 0 0 0 67089523 0 67089523 1 0 1 1 1 0 1 AMERICAN NATIONAL RED CROSS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 33722 HURRICANE HARVEY RELIEF & GENERAL SUPPORT BETHANY FOR CHILDREN & FAMILIES 1830 6TH AVENUE MOLINE IL 61265 362166973 501(C)(3) 10038 AWARDS CELEBRATION BIG BROTHERS BIG SISTERS OF MISSISSIPPI VALLEY 130 W 5TH STREET DAVENPORT IA 52801 421320908 501(C)(3) 14047 YOUTH MENTORING & GENERAL SUPPORT BOYS AND GIRLS CLUB OF THE MISSISSIPPI VALLEY INC 338 6TH STREET MOLINE IL 61265 363838421 501(C)(3) 8170 SPONSORSHIP CENTER FOR ACTIVE SENIORS INC 1035 W KIMBERLY ROAD DAVENPORT IA 52806 421011267 501(C)(3) 6000 GENERAL SUPPORT CHILDRENS THERAPY CENTER OF THE QUAD CITIES 1504 13TH AVE MOLINE IL 61265 362207922 501(C)(3) 29000 RELOCATION & GENERAL SUPPORT CHRISTIAN FRIENDLINESS ASSOCIATION INC 3928 12TH AVENUE MOLINE IL 61265 362193602 501(C)(3) 26500 ACTIVITY ROOM EXPANSION 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) 12140 GENERAL SUPPORT 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) 6500 SPONSORSHIP HABITAT FOR HUMANITY - QUAD CITIES INC 3625 MISSISSIPPI AVENUE DAVENPORT IA 52807 421404937 501(C)(3) 16833 GENERAL SUPPORT & SPONSORSHIP HAND IN HAND 3860 MIDDLE ROAD BETTENDORF IA 52722 421508508 501(C)(3) 5575 GENERAL SUPPORT HUMILITY OF MARY SHELTER INC 1016 W 5TH STREET DAVENPORT IA 52807 010916973 501(C)(3) 6500 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF THE HEARTLAND INC 800 12TH AVENUE MOLINE IL 61265 362684253 501(C)(3) 12811 SPONSORSHIP LIFE HAPPENS 1530 WILSON BLVD SUITE 1060 ARLINGTON VA 22209 521904610 501(C)(6) 19000 GENERAL SUPPORT MIDWEST WRITING CENTER 401 19TH STREET ROCK ISLAND IL 61201 421126078 501(C)(3) 6000 WRITERS CONFERENCE SPONSORSHIP NEW GROUND THEATRE 2113 E 11TH STREET DAVENPORT IA 52803 421519151 501(C)(3) 7500 GENERAL SUPPORT PROJECT NOW INC 418 19TH STREET ROCK ISLAND IL 61201 362654175 501(C)(3) 7000 GENERAL SUPPORT QUAD CITY ARTS INC 1715 2ND AVENUE ROCK ISLAND IL 61201 363122824 501(C)(3) 8000 YOUTH APPRENTICESHIP PROGRAM QUAD CITY BOTANTICAL CENTER FOUNDATION 2525 4TH AVENUE ROCK ISLAND IL 61201 363496537 501(C)(3) 20000 INFRASTRUCTURE IMPROVEMENTS QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION 327 BRADY STREET DAVENPORT IA 52801 426017663 501(C)(3) 12500 SPONSORSHIP ST AMBROSE UNIVERSITY 518 W LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 5500 WELLNESS CENTER SUPPORT TWO RIVERS YMCA INC 2040 53RD STREET MOLINE IL 61265 362169199 501(C)(3) 38000 CAPITAL CAMPAIGN & GENERAL SUPPORT 22 2 SCHOLARSHIPS 180 456175 ORPHAN BENEFITS 19 61990 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. 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TRAVEL FOR COMPANIONS: IN TAX YEAR 2017, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED THE TRAVEL FOR COMPANIONS BENEFIT: 7 DIRECTORS, 3 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. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: IN TAX YEAR 2017, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: 2 DIRECTORS, 9 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 2017, 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 PLAN WAS CLOSED TO NEW PARTICIPANTS EFFECTIVE MARCH 1, 2016. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2017 SPONSORED BY MODERN WOODMEN OF AMERICA: MICHAEL SCOTT ANDREWS - $2,529, DARCY ANN CALLAS - $11,459, DANIEL G. DEPUYDT - $2,132, KELLY G. HERRING - $7,211, ALBERT T. HURST, JR. - $1,276,937, KENNY D. JACKSON - $8,544, WILLIAM KELTNER - $14,338, ROBERT KEORKUNIAN - $2,655, DANIEL L. LAWRENCE - $8,435, JERALD J. LYPHOUT - $5,739, WILLIAM KENNY MASSEY - $38,848, PATRICK OMAR SAUNDERS - $1,680, JOSEPH A. SZTAPKA - $9,326, BRETT M. VAN - $4,212, AND GEORGE RAYMOND WORLEY - $6,149. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY MODERN WOODMEN OF AMERICA ON BEHALF OF THE INDIVIDUAL TO THE PLAN IN 2017. 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 INCREASE IN ACTUARIAL VALUE RELATED TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR ALBERT T. HURST IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. THE FOLLOWING INDIVIDUAL PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2017 SPONSORED BY MODERN WOODMEN OF AMERICA: DENIS PATRICK PRIOR - $119,746. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR DISTRIBUTION TO THE INDIVIDUAL BY THE PLAN IN 2017. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. MWA BANK SEE BELOW IN PART V 3525934 REIMBURSEMENT OF EXPENSES 0 MWA BANK SEE BELOW IN PART V 28202 SERVICE FEES 0 MWA BANK SEE BELOW IN PART V 113111 RECEIPT OF RENT 0 MWA BANK SEE BELOW IN PART V 406430 SALARIES 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 700000 CAPITAL CONTRIBUTION 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 1233768 REIMBURSEMENT OF EXPENSES 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 88276 RECEIPT OF RENT 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 371409 SALARIES 0 MWAGIA SEE BELOW IN PART V 430296 REIMBURSEMENT OF EXPENSES 0 MWAGIA SEE BELOW IN PART V 13049 RECEIPT OF RENT 0 MWAGIA SEE BELOW IN PART V 176258 SALARIES 0 FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWA BANK:WILLIAM KENNY MASSEY IS AN OFFICER AND DAVID B. EMRICK IS A DIRECTOR OF MODERN WOODMEN OF AMERICA AND ARE REPORTED ON THE FORM 990, PART VII. DURING THE TAX YEAR, WILLIAM KENNY MASSEY WAS AN OFFICER, AND DAVID B. EMRICK WAS A DIRECTOR OF MWA BANK. FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWA FINANCIAL SERVICES:DARCY ANN CALLAS, JERALD J. LYPHOUT, WILLIAM KENNY MASSEY, AND BRETT M. VAN ARE OFFICERS, AND TODD DAVID SWANSON IS A KEY EMPLOYEE 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 DARCY ANN CALLAS, WILLIAM KENNY MASSEY, AND BRETT M. VAN WERE DIRECTORS OF MWA FINANCIAL SERVICES. FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWAGIA:DARCY ANN CALLAS, JERALD J. LYPHOUT, WILLIAM KENNY MASSEY, 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 DARCY ANN CALLAS 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 CONTROLLER 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 FEBURARY. 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 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. REVIEW AND APPROVAL OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OTHER THAN THE PRESIDENT 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. 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 -2,980,461. CHANGE IN ASSET VALUATION RESERVE -26,176,537. FRATERNAL BENEFIT RESERVE CHANGE 358,634. CHANGE IN PENSION PLAN LIABILITY FOR BENEFITS -1,046,000. CHANGE IN POSTRETIREMENT PENSION PLAN LIABILITY FOR BENEFITS -10,967,823. CHANGE IN PREPAID PENSION PLAN COSTS 3,378,156. CHANGE IN POSTRETIREMENT MEDICAL BENEFITS FOR EMPLOYEES & FIELDWORKERS -531,000. 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 STE 37 TEANECK NJ 07666 263202466 INVESTING CJ MODERN WOODMEN OF AMERICA EXCLUDED 9 2705413 0 0 0.89670 OFI GLOBAL SMALL CAP GROWTH FUND LLC 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 680577323 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 4616983 47607692 0 0 1.00000 MWA BANK 1701 FIRST AVENUE ROCK ISLAND IL 61201 352189783 FEDERAL SAVINGS BANK IL MODERN WOODMEN OF AMERICA C 10141910 287995348 1.00000 1 MWA FINANCIAL SERVICES INC 1701 FIRST AVENUE ROCK ISLAND IL 61201 364420471 BROKER/DEALER IL MODERN WOODMEN OF AMERICA C 18293476 2394951 1.00000 1 MWAGIA 1701 FIRST AVENUE ROCK ISLAND IL 61201 371414457 GENERAL INSURANCE AGENCY IL MWA FINANCIAL SERVICES INC C 2292997 314457 1.00000 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 MWA BANK A 113111 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC A 88276 FAIR MARKET VALUE MWAGIA A 13049 FAIR MARKET VALUE HUDSON CLEAN ENERGY PARNTERS B 32695 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC B 700000 FAIR MARKET VALUE MWA BANK M 28202 FAIR MARKET VALUE MWA BANK P 3525934 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC P 1233768 FAIR MARKET VALUE MWAGIA P 430296 FAIR MARKET VALUE MWA BANK O 406430 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC O 371409 FAIR MARKET VALUE MWAGIA O 176258 FAIR MARKET VALUE OFI GLOBAL INSTITUTIONAL SMALL CAP GROWTH FUND LLC S 255564 FAIR MARKET VALUE