Slovak Catholic Sokol
- Assets
- $108.7m
- Revenue
- $20.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Passaic, NJ
- Founding
- 08/1966
- Data as of
- 12/2021
- EIN
- 22-1288010
Organization Overview
Slovak Catholic Sokol is located in Passaic, NJ. The organization was established in 1966. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Slovak Catholic Sokol employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Slovak Catholic Sokol is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Slovak Catholic Sokol generated $20.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $20.6m during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS A BENEFICIARY SOCIETY, THE FRATERNAL PROVIDES LIFE,BENEFITS TO ITS CERTIFICATE MEMBERS AS WELL AS CULTURAL,PHYSICAL AND EDUCATIONAL BENEFITSTO MEMBERS AND LODGES AS WELL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A BENEFICIARY SOCIETY,THE FRATERNAL PROVIDES LIFE BENEFITS TO ITS CERTIFICATE MEMBERS ASWELL AS CULTURAL, PHYSICAL AND EDUCATIONAL BENEFITS TO MEMBERS & LODGES AS WELL.
AS A BENEFICIARY SOCIETY,THE FRATERNAL PROVIDESLIFE BENEFITS TO ITS CERTIFICATE MEMBERS ASWELL AS CULTURAL, PHYSICAL AND EDUCATIONAL BENEFITS TO MEMBERS & LODGES AS WELL.REVENUES ALSO INCLUDES INVESTMENT INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Tpogorelec Fic Secretary | OfficerTrustee | 40 | $139,058 |
Michael J Horvath President | OfficerTrustee | 6 | $20,000 |
James C Matlon Director | OfficerTrustee | 4 | $12,000 |
Katie Jozwiak Swift Director | OfficerTrustee | 3 | $8,100 |
Edward D Moeller Vice President | OfficerTrustee | 2 | $8,000 |
John M Underation Director | OfficerTrustee | 3 | $6,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,635,947 |
| Investment income | $3,753,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,175 |
| Net Gain/Loss on Asset Sales | $1,079,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,620,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $18,049,725 |
| Compensation of current officers, directors, key employees. | $208,733 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,477 |
| Pension plan accruals and contributions | $357,859 |
| Other employee benefits | $93,629 |
| Payroll taxes | $38,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,046 |
| Fees for services: Accounting | $31,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $211,309 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,022 |
| Office expenses | $51,478 |
| Information technology | $76,035 |
| Royalties | $0 |
| Occupancy | $166,712 |
| Travel | $2,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,738 |
| Insurance | $2,051 |
| All other expenses | $156,394 |
| Total functional expenses | $20,648,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,355 |
| Savings and temporary cash investments | $4,219,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $317,663 |
| Investments—publicly traded securities | $102,165,190 |
| Investments—other securities | $0 |
| Investments—program-related | $880,368 |
| Intangible assets | $0 |
| Other assets | $916,325 |
| Total assets | $108,716,912 |
| Accounts payable and accrued expenses | $310,897 |
| Grants payable | $0 |
| Deferred revenue | $46,505 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,232,480 |
| Total liabilities | $100,589,882 |
| Net assets without donor restrictions | $8,127,030 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $108,716,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Actors Fund Of America New York, NY | $147,965,954 | $61,544,838 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Ukrainian National Association Inc Parsippany, NJ | $178,950,671 | $21,937,849 |
Slovak Catholic Sokol Passaic, NJ | $108,716,912 | $20,620,124 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |
New York Shipping Assn Inc-Prt Plce &grds Union Nysa-Ppgu Wlfr Fnd&pln Bayonne, NJ | $42,517 | $4,741,509 |
Artisans Order Of Mutual Protection Most Excellent Assembly Philadelphia, PA | $35,098,692 | $3,365,313 |