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← NATIONAL SLOVAK SOCIETY OF THE USA

Form 990 for tax year 2022

Filed by NATIONAL SLOVAK SOCIETY OF THE USA.

Totals

Total revenue
$303,495,511
Total expenses
$285,526,458
Contributions and grants received
$410,245
Grants paid
$74,725
Program service revenue
$219,226,285
Investment income
$83,858,981
Other revenue
$0
Total assets, end of year
$1,762,019,273
Total liabilities, end of year
$1,670,124,982
Net assets or fund balances, end of year
$91,894,291
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$285,526,458

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.

  • 1e · Government grants (contributions)

    $410,245

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

    total $218,833,341 · related or exempt $218,833,341

  • 2b · Program service revenue: AMORTIZATION OF IMR

    total $392,944 · related or exempt $392,944

  • 3 · Investment income

    total $83,020,867 · related or exempt $83,020,867

  • 7a · Gross sales of assets other than inventory

    securities $117,804,074

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

    securities $116,965,960

  • 7c · Gain or loss

    securities $838,114

  • 7d · Net gain or loss

    total $838,114 · related or exempt $838,114

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,725

  • 4 · Benefits paid to or for members

    total $169,242,885

  • 5 · Compensation of officers, directors and key employees

    total $1,018,133

  • 7 · Other salaries and wages

    total $1,832,510

  • 8 · Pension plan contributions

    total $274,982

  • 9 · Other employee benefits

    total $508,978

  • 10 · Payroll taxes

    total $169,673

  • 11b · Fees: legal

    total $137,098

  • 11c · Fees: accounting

    total $305,752

  • 11f · Fees: investment management

    total $1,046,500

  • 12 · Advertising and promotion

    total $301,357

  • 13 · Office expenses

    total $452,892

  • 14 · Information technology

    total $1,770,867

  • 17 · Travel

    total $81,166

  • 19 · Conferences, conventions and meetings

    total $450,861

  • 20 · Interest

    total $12,599

  • 22 · Depreciation, depletion and amortization

    total $21,355

  • 23 · Insurance

    total $30,024

  • 24a · Other expenses: INCREASE IN ANNUITY RES

    total $87,601,000

  • 24b · Other expenses: INCREASE IN LIFE RESERV

    total $13,076,500

  • 24c · Other expenses: COMMISSIONS

    total $6,409,626

  • 24d · Other expenses: OUTSIDE LABOR

    total $297,856

  • 24e · All other expenses

    total $409,119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,986,157 · end of year $3,619,248

  • 2 · Savings and temporary cash investments

    beginning of year $27,545,525 · end of year $56,692,971

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

    $990,665

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

    $395,121

  • 10c · Land, buildings and equipment, net

    beginning of year $616,899 · end of year $595,544

  • 11 · Investments: publicly traded securities

    beginning of year $1,488,824,168 · end of year $1,558,928,876

  • 15 · Other assets

    beginning of year $128,471,572 · end of year $142,182,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,756,350 · end of year $2,365,000

  • 25 · Other liabilities

    beginning of year $1,564,746,159 · end of year $1,667,759,982

Mission and programs · 2022

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 (25,487 CERTIFICATES IN FORCE: $652,496,023 AMOUNT OF INSURANCE IN FORCE).

    Expenses $285,526,458 · Grants $74,725

As filed on the 2022 return.

Listed in Part VII

  • Michael Czarney

    BOARD MEMBER

    Total calculated
    $40,250
    From this org
    $40,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Andrea Garbon

    BOARD MEMBER

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Katricak

    CHAIRMAN OF THE BOARD

    Total calculated
    $74,122
    From this org
    $74,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Susan Ondrejco

    BOARD MEMBER

    Total calculated
    $39,796
    From this org
    $39,796
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Andrew Wesnak

    BOARD MEMBER

    Total calculated
    $28,550
    From this org
    $28,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John G Payerchin

    BOARD MEMBER (THRU 3/31/22)

    Total calculated
    $11,075
    From this org
    $11,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Karen Orban

    BOARD MEMBER (THRU 10/31/22)

    Total calculated
    $33,537
    From this org
    $33,537
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lauren Fox

    BOARD MEMBER

    Total calculated
    $29,832
    From this org
    $29,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Abigail Gross

    BOARD MEMBER

    Total calculated
    $34,550
    From this org
    $34,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Keith A Kucherawy

    BOARD MEMBER (AS OF 11/1/22)

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Theresa M Zemelman

    BOARD MEMBER (AS OF 6/17/22)

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joseph Stefka Jr

    PRESIDENT

    Total calculated
    $377,958
    From this org
    $304,515
    From related orgs
    $0
    Other
    $73,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,431
    Bonus
    $17,750
    Other
    $27,334
    Deferred
    $48,326
    Nontaxable benefits
    $25,117
    Filer's total
    $377,958

  • Linda M Strom

    SECRETARY/TREASURER

    Total calculated
    $317,063
    From this org
    $263,059
    From related orgs
    $0
    Other
    $54,004
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,636
    Bonus
    $10,000
    Other
    $7,423
    Deferred
    $42,732
    Nontaxable benefits
    $11,272
    Filer's total
    $317,063

  • Alan Burns

    CHIEF INFORMATION OFFICER

    Total calculated
    $264,128
    From this org
    $196,213
    From related orgs
    $0
    Other
    $67,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,000
    Bonus
    $6,375
    Other
    $3,838
    Deferred
    $31,873
    Nontaxable benefits
    $36,042
    Filer's total
    $264,128

  • Joseph Elliott

    HOME OFFICE SALES

    Total calculated
    $223,315
    From this org
    $176,848
    From related orgs
    $0
    Other
    $46,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $51,000
    Bonus
    $125,119
    Other
    $729
    Deferred
    $28,727
    Nontaxable benefits
    $17,740
    Filer's total
    $223,315

  • Greg Felton

    SALES DIRECTOR

    Total calculated
    $237,241
    From this org
    $189,397
    From related orgs
    $0
    Other
    $47,844
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $6,000
    Other
    $43,397
    Deferred
    $24,696
    Nontaxable benefits
    $23,148
    Filer's total
    $237,241

  • Jeffrey De Santes

    SALESMAN

    Total calculated
    $207,231
    From this org
    $149,559
    From related orgs
    $0
    Other
    $57,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $12,412
    Other
    $7,147
    Deferred
    $24,295
    Nontaxable benefits
    $33,377
    Filer's total
    $207,231

  • Donna Tenney

    CONTROLLER

    Total calculated
    $185,223
    From this org
    $140,648
    From related orgs
    $0
    Other
    $44,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,000
    Bonus
    $7,500
    Other
    $7,148
    Deferred
    $22,584
    Nontaxable benefits
    $21,991
    Filer's total
    $185,223

  • Lisa Shriver

    ASSISTANT CONTROLLER

    Total calculated
    $179,443
    From this org
    $126,049
    From related orgs
    $0
    Other
    $53,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,500
    Bonus
    $7,000
    Other
    $3,549
    Deferred
    $20,094
    Nontaxable benefits
    $33,300
    Filer's total
    $179,443

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349311816

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