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Nonprofiteer
← NATIONAL SLOVAK SOCIETY OF THE USA

Form 990 for tax year 2023

Filed by NATIONAL SLOVAK SOCIETY OF THE USA.

Totals

Total revenue
$334,743,715
Total expenses
$328,150,446
Contributions and grants received
$0
Grants paid
$94,260
Program service revenue
$245,599,853
Investment income
$89,143,862
Other revenue
$0
Total assets, end of year
$1,806,044,969
Total liabilities, end of year
$1,711,186,545
Net assets or fund balances, end of year
$94,858,424
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$328,150,446

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PREMIUM INSURANCE & ANNUITIES

    total $244,904,409 · related or exempt $244,904,409

  • 2b · Program service revenue: AMORTIZATION OF IMR

    total $695,444 · related or exempt $695,444

  • 3 · Investment income

    total $88,408,377 · related or exempt $88,408,377

  • 7a · Gross sales of assets other than inventory

    securities $95,490,782

  • 7b · Less cost or other basis and sales expenses

    securities $94,755,297

  • 7c · Gain or loss

    securities $735,485

  • 7d · Net gain or loss

    total $735,485 · related or exempt $735,485

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $94,260

  • 4 · Benefits paid to or for members

    total $266,627,725

  • 5 · Compensation of officers, directors and key employees

    total $1,045,793

  • 7 · Other salaries and wages

    total $2,397,311

  • 8 · Pension plan contributions

    total $287,940

  • 9 · Other employee benefits

    total $651,972

  • 10 · Payroll taxes

    total $203,434

  • 11b · Fees: legal

    total $176,467

  • 11c · Fees: accounting

    total $327,586

  • 11f · Fees: investment management

    total $1,043,131

  • 12 · Advertising and promotion

    total $295,352

  • 13 · Office expenses

    total $695,706

  • 14 · Information technology

    total $1,998,471

  • 17 · Travel

    total $155,320

  • 20 · Interest

    total $16,288

  • 22 · Depreciation, depletion and amortization

    total $46,618

  • 23 · Insurance

    total $66,513

  • 24a · Other expenses: INCREASE IN ANNUITY RES

    total $32,366,043

  • 24b · Other expenses: INCREASE IN LIFE RESERV

    total $11,654,957

  • 24c · Other expenses: COMMISSIONS

    total $6,431,258

  • 24d · Other expenses: FRATERNAL-OTHER

    total $1,100,582

  • 24e · All other expenses

    total $467,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,619,248 · end of year $2,330,764

  • 2 · Savings and temporary cash investments

    beginning of year $56,692,971 · end of year $64,784,571

  • 10a · Land, buildings and equipment: cost or other basis

    $3,734,349

  • 10b · Land, buildings and equipment: accumulated depreciation

    $441,739

  • 10c · Land, buildings and equipment, net

    beginning of year $595,544 · end of year $3,292,610

  • 11 · Investments: publicly traded securities

    beginning of year $1,558,928,876 · end of year $1,585,523,553

  • 15 · Other assets

    beginning of year $142,182,634 · end of year $150,113,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,365,000 · end of year $2,876,720

  • 25 · Other liabilities

    beginning of year $1,667,759,982 · end of year $1,708,309,825

Mission and programs · 2023

Mission

TO PROVIDE OUR FRATERNAL FAMILY MEMBERS' FINANCIAL SECURITY VIA LIFE AND ANNUITY PRODUCTS, WHILE OFFERING CHARITABLE, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT BENEFIT THEM AND THEIR COMMUNITIES.

Activities or mission (Part I)

TO PROVIDE OUR FRATERNAL FAMILY MEMBERS' FINANCIAL SECURITY VIA LIFE INSURANCE AND ANNUITY PRODUCTS, WHILE OFFERING CHARITABLE, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT BENEFIT THEM AND THEIR COMMUNITIES.

  • THE PURPOSE OF THE SOCIETY SHALL BE TO OPERATE FOR THE BENEFIT OF ITS MEMBERS AND THEIR BENEFICIARIES BY PROVIDING CONTRACTUAL BENEFITS TO ITS MEMBERS THROUGH LIFE AND ANNUITY PRODUCTS AND OPERATING FOR ONE OR MORE SOCIAL, INTELLECTUAL, EDUCATIONAL, CHARITABLE, BENEVOLANT, FRATERNAL, OR PATRIOTIC PURPOSES FOR THE BENEFIT OF ITS MEMBERS, WHICH MAY ALSO BE EXTENDED TO OTHERS ACQUAINTED WITH ITS MEMBERS. LIFE INSURANCE ACTIVITIES AND BENEFITS (26,212 CERTIFICATES IN FORCE: $659,307,267 AMOUNT OF INSURANCE IN FORCE).

    Expenses $328,150,446 · Grants $94,260

As filed on the 2023 return.

Listed in Part VII

  • Abigail Gross

    BOARD MEMBER

    Total calculated
    $34,300
    From this org
    $34,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Andrea Garbon

    BOARD MEMBER

    Total calculated
    $28,500
    From this org
    $28,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Andrew Wesnak

    BOARD MEMBER

    Total calculated
    $30,500
    From this org
    $30,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Keith A Kucherawy

    BOARD MEMBER

    Total calculated
    $28,650
    From this org
    $28,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lauren Fox

    BOARD MEMBER

    Total calculated
    $31,425
    From this org
    $31,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Czarney

    BOARD MEMBER

    Total calculated
    $39,350
    From this org
    $39,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Katricak

    CHAIRMAN OF THE BOARD

    Total calculated
    $76,386
    From this org
    $76,386
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Susan Ondrejco

    BOARD MEMBER

    Total calculated
    $44,031
    From this org
    $44,031
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Theresa M Zemelman

    BOARD MEMBER

    Total calculated
    $28,850
    From this org
    $28,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joseph Stefka Jr

    PRESIDENT

    Total calculated
    $392,451
    From this org
    $317,578
    From related orgs
    $0
    Other
    $74,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,997
    Bonus
    $12,500
    Other
    $30,081
    Deferred
    $44,509
    Nontaxable benefits
    $30,364
    Filer's total
    $392,451

  • Linda M Strom

    SECRETARY/TREASURER

    Total calculated
    $311,350
    From this org
    $260,427
    From related orgs
    $0
    Other
    $50,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,956
    Bonus
    $0
    Other
    $3,471
    Deferred
    $37,365
    Nontaxable benefits
    $13,558
    Filer's total
    $311,350

  • Alan Burns

    CHIEF INFORMATION OFFICER

    Total calculated
    $278,403
    From this org
    $205,285
    From related orgs
    $0
    Other
    $73,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,800
    Bonus
    $6,000
    Other
    $2,485
    Deferred
    $29,455
    Nontaxable benefits
    $43,663
    Filer's total
    $278,403

  • Donna Tenney

    CONTROLLER

    Total calculated
    $225,538
    From this org
    $176,473
    From related orgs
    $0
    Other
    $49,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,000
    Bonus
    $7,700
    Other
    $36,773
    Deferred
    $22,829
    Nontaxable benefits
    $26,236
    Filer's total
    $225,538

  • Greg Felton

    SALES DIRECTOR

    Total calculated
    $269,107
    From this org
    $220,213
    From related orgs
    $0
    Other
    $48,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,200
    Bonus
    $6,000
    Other
    $63,013
    Deferred
    $23,005
    Nontaxable benefits
    $25,889
    Filer's total
    $269,107

  • Jeffrey De Santes

    SALESMAN

    Total calculated
    $312,044
    From this org
    $237,090
    From related orgs
    $0
    Other
    $74,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,500
    Bonus
    $99,082
    Other
    $1,508
    Deferred
    $34,017
    Nontaxable benefits
    $40,937
    Filer's total
    $312,044

  • John G Payerchin

    HIGHLY COMPENSATED EMPLOYEE

    Total calculated
    $156,836
    From this org
    $140,181
    From related orgs
    $0
    Other
    $16,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,000
    Bonus
    $5,000
    Other
    $27,181
    Deferred
    $16,299
    Nontaxable benefits
    $356
    Filer's total
    $156,836

  • Joseph Elliott

    HOME OFFICE SALES

    Total calculated
    $364,073
    From this org
    $297,570
    From related orgs
    $0
    Other
    $66,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $53,550
    Bonus
    $243,707
    Other
    $313
    Deferred
    $42,695
    Nontaxable benefits
    $23,808
    Filer's total
    $364,073

  • Lisa Shriver

    ASSISTANT CONTROLLER

    Total calculated
    $223,065
    From this org
    $159,903
    From related orgs
    $0
    Other
    $63,162
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,000
    Bonus
    $4,950
    Other
    $33,953
    Deferred
    $22,247
    Nontaxable benefits
    $40,915
    Filer's total
    $223,065

  • William Knoll

    FORMER DIRECTOR

    Total calculated
    $27,661
    From this org
    $27,661
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $27,661
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $27,661

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413209349306561

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