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Nonprofiteer
← FIRST CATHOLIC SLOVAK LADIES ASSOC OF THE USA

Form 990 for tax year 2023

Filed by FIRST CATHOLIC SLOVAK LADIES ASSOC OF THE USA.

Totals

Total revenue
$71,704,080
Total expenses
$72,675,614
Contributions and grants received
$0
Grants paid
$418,818
Program service revenue
$21,599,207
Investment income
$50,086,904
Other revenue
$17,969
Total assets, end of year
$1,103,676,515
Total liabilities, end of year
$994,980,568
Net assets or fund balances, end of year
$108,695,947
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 $21,912,925 · related or exempt $21,912,925

  • 2b · Program service revenue: AMORTIZATION OF IMR

    total -$313,718 · related or exempt -$313,718

  • 3 · Investment income

    total $51,966,082 · related or exempt $51,966,082

  • 7a · Gross sales of assets other than inventory

    securities $97,981,106

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

    securities $99,860,284

  • 7c · Gain or loss

    securities -$1,879,178

  • 7d · Net gain or loss

    total -$1,879,178 · related or exempt -$1,879,178

  • 10a · Gross sales of inventory

    $17,420

  • 10b · Cost of goods sold

    $9,996

  • 10c · Net income from sales of inventory

    total $7,424 · unrelated business $7,424

  • 11a · Other revenue: MISCELLANEOUS

    total $10,545 · related or exempt $10,545

  • 11e · Other revenue, total

    $10,545

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $161,600

  • 2 · Grants to domestic individuals

    total $257,218

  • 4 · Benefits paid to or for members

    total $83,242,030

  • 5 · Compensation of officers, directors and key employees

    total $981,747

  • 7 · Other salaries and wages

    total $2,572,243

  • 8 · Pension plan contributions

    total $86,623

  • 9 · Other employee benefits

    total $469,243

  • 10 · Payroll taxes

    total $238,518

  • 11b · Fees: legal

    total $79,339

  • 11c · Fees: accounting

    total $217,347

  • 11f · Fees: investment management

    total $1,106,611

  • 11g · Fees: other

    total $147,408

  • 12 · Advertising and promotion

    total $268,277

  • 13 · Office expenses

    total $84,686

  • 16 · Occupancy

    total $233,056

  • 17 · Travel

    total $77,481

  • 19 · Conferences, conventions and meetings

    total $181,919

  • 22 · Depreciation, depletion and amortization

    total $393,335

  • 23 · Insurance

    total $72,534

  • 24a · Other expenses: PRINTING AND PUBLICATIO

    total $823,858

  • 24b · Other expenses: BRANCH MEMBERSHIP

    total $694,477

  • 24c · Other expenses: COMMISSIONS ON PREMIUMS

    total $558,744

  • 24d · Other expenses: DATA PROCESSING

    total $507,977

  • 24e · All other expenses

    total -$20,780,657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,070 · end of year $32,360

  • 2 · Savings and temporary cash investments

    beginning of year $18,227,618 · end of year $26,389,361

  • 7 · Other notes and loans receivable

    beginning of year $258,126 · end of year $244,672

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

    $9,389,843

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

    $4,803,929

  • 10c · Land, buildings and equipment, net

    beginning of year $4,825,006 · end of year $4,585,914

  • 11 · Investments: publicly traded securities

    beginning of year $1,067,508,218 · end of year $1,035,437,703

  • 13 · Investments: program-related

    beginning of year $1,817,062 · end of year $1,729,677

  • 15 · Other assets

    beginning of year $34,877,462 · end of year $35,256,828

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,009,095 · end of year $1,249,365

  • 25 · Other liabilities

    beginning of year $1,016,458,985 · end of year $993,731,203

  • 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 $109,075,482 · end of year $108,695,947

Mission and programs · 2023

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 (131,232 CERTIFICATES IN FORCE: $1,057,020,000 AMOUNT OF INSURANCE IN FORCE).

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynthia Maria Maleski

    NATIONAL,PRESIDENT/CEO

    Total calculated
    $353,818
    From this org
    $320,602
    From related orgs
    $0
    Other
    $33,216
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $320,602
    Bonus
    $0
    Other
    $0
    Deferred
    $19,279
    Nontaxable benefits
    $13,937
    Filer's total
    $353,818

  • Msgr Peter M Polando

    NATIONAL CHAPLAIN

    Total calculated
    $22,486
    From this org
    $22,486
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Lawrence M Golofski

    NATIONAL DIRECTOR

    Total calculated
    $17,917
    From this org
    $17,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Barbara A Sekerak

    NATIONAL AUDITOR

    Total calculated
    $23,889
    From this org
    $23,889
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Joann Skvarek Banvich

    NATIONAL DIRECTOR

    Total calculated
    $17,468
    From this org
    $17,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Dennis L Povondra

    NATIONAL AUDITOR

    Total calculated
    $23,835
    From this org
    $23,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Jeanette E Palanca

    NATIONAL DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Dorothy L Urbanowicz

    NATIONAL AUDITOR

    Total calculated
    $37,959
    From this org
    $37,959
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sue Ann M Seich

    NATIONAL DIRECTOR

    Total calculated
    $23,871
    From this org
    $23,871
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Patrick Braun

    NATIONAL DIRECTOR

    Total calculated
    $18,326
    From this org
    $18,326
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Suzanne V Strohl

    NATIONAL DIRECTOR

    Total calculated
    $25,656
    From this org
    $25,656
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Stuart L Collins

    NATIONAL TREASURER

    Total calculated
    $178,357
    From this org
    $155,088
    From related orgs
    $0
    Other
    $23,269
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,088
    Bonus
    $0
    Other
    $0
    Deferred
    $9,332
    Nontaxable benefits
    $13,937
    Filer's total
    $178,357

  • Kimberly Graham

    NATIONAL SECRETARY

    Total calculated
    $220,165
    From this org
    $195,451
    From related orgs
    $0
    Other
    $24,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,451
    Bonus
    $0
    Other
    $0
    Deferred
    $10,777
    Nontaxable benefits
    $13,937
    Filer's total
    $220,165

  • James Deak

    PROGRAMMER/ANALYST

    Total calculated
    $139,004
    From this org
    $117,840
    From related orgs
    $0
    Other
    $21,164
    Hours/week
    40

  • Paula Dalpiaz

    INSURANCE/IT MGR

    Total calculated
    $139,461
    From this org
    $117,559
    From related orgs
    $0
    Other
    $21,902
    Hours/week
    40

  • Paul S Smithers

    NATIONAL SALES MANAGER

    Total calculated
    $171,361
    From this org
    $147,524
    From related orgs
    $0
    Other
    $23,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,524
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $13,937
    Filer's total
    $171,361

  • Karen McHugh

    HEAD OF HUMAN RESOURCES

    Total calculated
    $126,433
    From this org
    $108,531
    From related orgs
    $0
    Other
    $17,902
    Hours/week
    40

  • Frank Rando

    CONTROLLER

    Total calculated
    $157,708
    From this org
    $135,519
    From related orgs
    $0
    Other
    $22,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,519
    Bonus
    $0
    Other
    $0
    Deferred
    $8,252
    Nontaxable benefits
    $13,937
    Filer's total
    $157,708

  • Prathima Vadi

    IT MANAGER

    Total calculated
    $155,516
    From this org
    $133,723
    From related orgs
    $0
    Other
    $21,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,723
    Bonus
    $0
    Other
    $0
    Deferred
    $7,856
    Nontaxable benefits
    $13,937
    Filer's total
    $155,516

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
17 September 2024
IRS schema version
2023v5.1
Source object
202433159349301508

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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