Form 990 for tax year 2024
Filed by FIRST CATHOLIC SLOVAK LADIES ASSOC OF THE USA.
Totals
- Total revenue
- $70,952,159
- Total expenses
- $71,476,944
- Contributions and grants received
- $0
- Grants paid
- $362,000
- Program service revenue
- $20,549,159
- Investment income
- $50,377,663
- Other revenue
- $25,337
- Total assets, end of year
- $1,079,616,886
- Total liabilities, end of year
- $970,899,826
- Net assets or fund balances, end of year
- $108,717,060
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: FRATERNAL INSURANCE PREMIUMS
total $21,101,893 · related or exempt $21,101,893
-
2b · Program service revenue: AMORTIZATION OF IMR
total -$552,734 · related or exempt -$552,734
-
3 · Investment income
total $51,120,219 · related or exempt $51,120,219
-
7a · Gross sales of assets other than inventory
securities $68,798,495
-
7b · Less cost or other basis and sales expenses
securities $69,541,051
-
7c · Gain or loss
securities -$742,556
-
7d · Net gain or loss
total -$742,556 · related or exempt -$742,556
-
10a · Gross sales of inventory
$12,475
-
10b · Cost of goods sold
$8,874
-
10c · Net income from sales of inventory
total $3,601 · unrelated business $3,601
-
11a · Other revenue: MISCELLANEOUS
total $21,736 · related or exempt $21,736
-
11e · Other revenue, total
$21,736
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $152,000
-
2 · Grants to domestic individuals
total $210,000
-
4 · Benefits paid to or for members
total $87,765,564
-
5 · Compensation of officers, directors and key employees
total $1,031,443
-
7 · Other salaries and wages
total $2,437,773
-
8 · Pension plan contributions
total $55,413
-
9 · Other employee benefits
total $611,831
-
10 · Payroll taxes
total $239,783
-
11b · Fees: legal
total $159,443
-
11c · Fees: accounting
total $230,549
-
11f · Fees: investment management
total $1,140,389
-
11g · Fees: other
total $401,303
-
12 · Advertising and promotion
total $211,725
-
13 · Office expenses
total $85,835
-
16 · Occupancy
total $271,708
-
17 · Travel
total $78,078
-
19 · Conferences, conventions and meetings
total $265,524
-
22 · Depreciation, depletion and amortization
total $429,227
-
23 · Insurance
total $71,898
-
24a · Other expenses: PRINTING AND PUBLICATIO
total $816,172
-
24b · Other expenses: COMMISSIONS ON PREMIUMS
total $784,859
-
24c · Other expenses: BRANCH MEMBERSHIP
total $709,841
-
24d · Other expenses: DATA PROCESSING
total $478,758
-
24e · All other expenses
total -$27,162,172
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,360 · end of year $32,910
-
2 · Savings and temporary cash investments
beginning of year $26,389,361 · end of year $20,104,872
-
7 · Other notes and loans receivable
beginning of year $244,672 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$9,521,422
-
10b · Land, buildings and equipment: accumulated depreciation
$5,240,913
-
10c · Land, buildings and equipment, net
beginning of year $4,585,914 · end of year $4,280,509
-
11 · Investments: publicly traded securities
beginning of year $1,035,437,703 · end of year $1,022,237,438
-
13 · Investments: program-related
beginning of year $1,729,677 · end of year $1,667,415
-
15 · Other assets
beginning of year $35,256,828 · end of year $31,293,742
-
17 · Accounts payable and accrued expenses
beginning of year $1,249,365 · end of year $1,509,991
-
25 · Other liabilities
beginning of year $993,731,203 · end of year $969,389,835
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $108,695,947 · end of year $108,717,060
Mission and programs · 2024
Mission
ESTABLISHED IN 1892, THE FIRST CATHOLIC SLOVAK LADIES ASSOCIATION PROVIDES FINANCIAL SECURITY TO ITS MEMBERS NATIONWIDE THROUGH ITS PREMIER LIFE INSURANCE AND ANNUITY PRODUCTS. SALES OF THESE PRODUCTS ALLOW THE FIRST CATHOLIC SLOVAK LADIES ASSOCIATION TO SERVE BOTH ITS MEMBERS AND THE COMMUNITY WITH FRATERNAL AND CHARITABLE OPPORTUNITIES THAT PROMOTE CATHOLIC VALUES AND SLAVIC TRADITIONS.
Activities or mission (Part I)
TO PROVIDE FRATERNAL AND OTHER BENEFITS TO MEMBERS.
-
LIFE INSURANCE ACTIVITIES AND BENEFITS (128,173 CERTIFICATES IN FORCE: $1,076,037,000 AMOUNT OF INSURANCE IN FORCE).
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cynthia Maria MaleskiCYNTHIA MARIA MALESKI
NATIONAL,PRESIDENT/CEO
- Total calculated
- $381,525
- From this org
- $345,805
- From related orgs
- $0
- Other
- $35,720
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $345,805
- Bonus
- $0
- Other
- $0
- Deferred
- $20,699
- Nontaxable benefits
- $15,021
- Filer's total
- $381,525
-
Msgr Peter M PolandoMSGR PETER M POLANDO
NATIONAL CHAPLAIN
- Total calculated
- $23,890
- From this org
- $23,890
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Barbara A SekerakBARBARA A SEKERAK
NATIONAL AUDITOR
- Total calculated
- $24,353
- From this org
- $24,353
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Joann Skvarek BanvichJOANN SKVAREK BANVICH
NTL DIRECTOR-PASSED AWAY IN AUG '24
- Total calculated
- $15,221
- From this org
- $15,221
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Dennis L PovondraDENNIS L POVONDRA
NATIONAL AUDITOR
- Total calculated
- $24,353
- From this org
- $24,353
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Jeanette E PalancaJEANETTE E PALANCA
NATIONAL DIRECTOR
- Total calculated
- $22,850
- From this org
- $22,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Frank RandoFRANK RANDO
INTERIM NATIONAL TREASURER
- Total calculated
- $197,928
- From this org
- $172,428
- From related orgs
- $0
- Other
- $25,500
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,428
- Bonus
- $0
- Other
- $0
- Deferred
- $10,479
- Nontaxable benefits
- $15,021
- Filer's total
- $197,928
-
Kristina Menke As Of 1124KRISTINA MENKE AS OF 1124
NATIONAL DIRECTOR
- Total calculated
- $22,473
- From this org
- $22,473
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Lorraine Gibas As Of 1124LORRAINE GIBAS AS OF 1124
NATIONAL TRUSTEE
- Total calculated
- $24,353
- From this org
- $24,353
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Mary B Andreano As Of 1124MARY B ANDREANO AS OF 1124
NATIONAL AUDITOR
- Total calculated
- $24,353
- From this org
- $24,353
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Joseph Senko As Of 1124JOSEPH SENKO AS OF 1124
NATIONAL TRUSTEE
- Total calculated
- $24,353
- From this org
- $24,353
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Kristine Midcap As Of 1124KRISTINE MIDCAP AS OF 1124
NATIONAL DIRECTOR
- Total calculated
- $22,400
- From this org
- $22,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Kimberly GrahamKIMBERLY GRAHAM
NATIONAL SECRETARY
- Total calculated
- $223,391
- From this org
- $197,481
- From related orgs
- $0
- Other
- $25,910
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $197,481
- Bonus
- $0
- Other
- $0
- Deferred
- $10,889
- Nontaxable benefits
- $15,021
- Filer's total
- $223,391
-
James DeakJAMES DEAK
PROGRAMMER/ANALYST
- Total calculated
- $142,991
- From this org
- $120,567
- From related orgs
- $0
- Other
- $22,424
- Hours/week
- 40
-
Paula DalpiazPAULA DALPIAZ
INSURANCE/IT MGR
- Total calculated
- $142,479
- From this org
- $119,345
- From related orgs
- $0
- Other
- $23,134
- Hours/week
- 40
-
Paul S SmithersPAUL S SMITHERS
NATIONAL SALES MANAGER
- Total calculated
- $194,647
- From this org
- $168,424
- From related orgs
- $0
- Other
- $26,223
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,424
- Bonus
- $0
- Other
- $0
- Deferred
- $11,202
- Nontaxable benefits
- $15,021
- Filer's total
- $194,647
-
Karen McHughKAREN MCHUGH
HEAD OF HUMAN RESOURCES
- Total calculated
- $130,896
- From this org
- $109,202
- From related orgs
- $0
- Other
- $21,694
- Hours/week
- 40
-
John GonsiorekJOHN GONSIOREK
REGIONAL SALES MANAGER
- Total calculated
- $133,438
- From this org
- $111,943
- From related orgs
- $0
- Other
- $21,495
- Hours/week
- 40
-
Dorothy L UrbanowiczDOROTHY L URBANOWICZ
FORMER NATIONAL AUDITOR/RECOMMENDER
- Total calculated
- $19,146
- From this org
- $19,146
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $19,146
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $19,146
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
- 3 · Compensation committee
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349313830
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