Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUM INCOME

  total $744,394,964 · related or exempt $744,394,964

• 2b · Program service revenue: FRATERNAL INCOME

  total $12,586,931 · related or exempt $12,586,931

• 2c · Program service revenue: SUPPLEMENTARY CONTRACTS

  total $6,412,953 · related or exempt $6,412,953

• 3 · Investment income

  total $367,594,869 · excluded $367,594,869

• 6a · Gross rents

  real property $21,747,542

• 6b · Less rental expenses

  real property $15,217,084

• 6c · Rental income or loss

  real property $6,530,458

• 6d · Net rental income or loss

  total $6,530,458 · excluded $6,530,458

• 7a · Gross sales of assets other than inventory

  securities $1,307,099,833 · other assets $221,854,974

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

  securities $1,306,777,606 · other assets $219,300,109

• 7c · Gain or loss

  securities $322,227 · other assets $2,554,865

• 7d · Net gain or loss

  total $2,877,092 · related or exempt $2,877,092

• 11a · Other revenue: PARKING LOTS AND GARAGES

  total $331,025 · unrelated business $331,025

• 11b · Other revenue: INCOME/(LOSS) FROM PSHIPS

  total $96,406 · unrelated business $96,406

• 11e · Other revenue, total

  $427,431

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $745,384

• 2 · Grants to domestic individuals

  total $297,797

• 4 · Benefits paid to or for members

  total $939,533,460

• 5 · Compensation of officers, directors and key employees

  total $13,945,770

• 7 · Other salaries and wages

  total $55,726,122

• 8 · Pension plan contributions

  total -$2,763,822

• 9 · Other employee benefits

  total $12,176,798

• 10 · Payroll taxes

  total $7,832,255

• 11b · Fees: legal

  total $1,124,519

• 11c · Fees: accounting

  total $427,713

• 11g · Fees: other

  total $553,767

• 12 · Advertising and promotion

  total $4,470,367

• 13 · Office expenses

  total $4,142,720

• 14 · Information technology

  total $20,961,745

• 16 · Occupancy

  total $4,025,342

• 17 · Travel

  total $711,799

• 19 · Conferences, conventions and meetings

  total $625,046

• 22 · Depreciation, depletion and amortization

  total $4,305,642

• 23 · Insurance

  total $591,035

• 24a · Other expenses: COMMISSIONS

  total $44,213,139

• 24b · Other expenses: SALES EXPENSES

  total $10,513,915

• 24c · Other expenses: FRATERNAL CHAPTER FUNDING

  total $5,648,375

• 24d · Other expenses: TAXES, LICENSES & FEES

  total $2,467,024

• 24e · All other expenses

  total -$4,055,419

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$2,528,141 · end of year $1,479,547

• 2 · Savings and temporary cash investments

  beginning of year $41,464,335 · end of year $73,154,532

• 4 · Accounts receivable

  beginning of year $245,750 · end of year $5,723,374

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

  $255,671,058

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

  $180,489,311

• 10c · Land, buildings and equipment, net

  beginning of year $69,157,339 · end of year $75,181,747

• 11 · Investments: publicly traded securities

  beginning of year $7,704,925,061 · end of year $7,532,316,775

• 12 · Investments: other securities

  beginning of year $2,486,793,311 · end of year $2,616,614,221

• 15 · Other assets

  beginning of year $759,743,261 · end of year $963,567,984

• 17 · Accounts payable and accrued expenses

  beginning of year $52,087,219 · end of year $58,173,439

• 25 · Other liabilities

  beginning of year $9,332,868,124 · end of year $9,528,018,283

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,674,845,573 · end of year $1,681,846,458

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A

TRAVEL FOR COMPANIONS THAT MEETS SPECIFIC GUIDELINES IS REIMBURSED AND INCLUDED IN TAXABLE INCOME. A LIMITED GROSS UP IS PROVIDED FOR THOSE PAYMENTS. DISCRETIONARY SPENDING ACCOUNTS ARE EXTENDED TO EXECUTIVE OFFICERS.

SCHEDULE J, PART III

PART I, LINE 4A RANDALL P ROTSCHAFER 269,780.17 PART I, LINE 4B WOODMENLIFE ESTABLISHED NONQUALIFIED SUPPLEMENTAL PLANS FOR THE PURPOSE OF PROVIDING A NONQUALIFIED RETIREMENT BENEFIT TO ELIGIBLE PARTICIPANTS. THE PLANS COMPLY WITH THE REQUIREMENTS OF SECTION 409A OF THE INTERNAL REVENUE CODE AND REGULATIONS PROMULGATED THEREUNDER. THE SUPPLEMENTAL PLANS WERE CLOSED TO NEW PARTICIPANTS ON DECEMBER 31, 2012. PLANS MAY NOT HAVE BEEN PREVIOUSLY INCLUDED IN PART II SCHEDULE J AS THE REPORTING REQUIREMENTS UNDER THIS SCHEDULE WERE NOT IN PLACE FOR ALL PRIOR YEARS THAT THE ELIGIBLE PARTICIPANTS ACCRUED DEFERRED COMPENSATION UNDER A SUPPLEMENTAL PLAN. SINCE THERE WERE NO SUCH REPORTING REQUIREMENTS UNDER THE FORM 990 FOR PRIOR YEARS, INCLUDING SUCH PAYMENTS IN PART II SCHEDULE J WOULD CREATE A MISLEADING REPORT SINCE IT WOULD NOT ACCURATELY DISCLOSE THAT MOST OF THE DEFERRED COMPENSATION PAYMENT HAD ACTUALLY OCCURRED IN PRIOR YEARS. THE WOODMENLIFE NONQUALIFIED CONTRIBUTION BENEFIT PLAN ("CONTRIBUTION PLAN") WAS ESTABLISHED DECEMBER 31, 2012 TO PROVIDE A NONQUALIFIED DEFINED CONTRIBUTION BENEFIT PLAN TO ANY NEWLY ELIGIBLE EMPLOYEES AND WOODMENLIFE REPRESENTATIVES WHO HAD NOT PREVIOUSLY BEEN PROVIDED A BENEFIT UNDER A SUPPLEMENTAL PLAN. THIS CONTRIBUTION PLAN COMPLIES WITH THE REQUIREMENTS OF SECTION 409A OF THE INTERNAL REVENUE CODE AND REGULATIONS PROMULGATED THEREUNDER.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• WFS HOLDINGS INC

  C CORP · HOLDING CO · NE · share of income -$16,546 · share of assets $17,651,785 · controlled entity

  Directly controlled by WOODMEN OF

• WOODMEN FINANCIAL SERVICES INC

  C CORP · FINANCIAL · NE · share of income -$188,709 · share of assets $1,147,152 · controlled entity

  Directly controlled by WFS HOLDIN

• WOODMEN INSURANCE AGENCY INC

  C CORP · INSURANCE · NE · share of income -$48,626 · share of assets $149,558 · controlled entity

  Directly controlled by WFS HOLDIN