Portuguese Fraternal Society Of America
- Assets
- $134.3m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Modesto, CA
- Founding
- 04/1946
- Data as of
- 12/2019
- EIN
- 23-7159163
Organization Overview
Portuguese Fraternal Society Of America is located in Modesto, CA. The organization was established in 1946. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2019, Portuguese Fraternal Society Of America employed 11 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Portuguese Fraternal Society Of America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PFSA MISSION IS TO PROTECT ITS MEMBERS AND THEIR FAMILIES FINANCIALLY AND TO PROVIDE CULTURAL, SOCIAL, EDUCATIONAL AND CHARITABLE ACTIVITIES FOR ITS MEMBERS AND THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PFSA MISSION IS TO PROTECT ITS MEMBERS AND THEIR FAMILIES FINANCIALLY AND TO PROVIDE CULTURAL, SOCIAL, EDUCATIONAL AND CHARITABLE ACTIVITIES FOR ITS MEMBERS AND THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Alfred Salvador CEO | Trustee | 40 | $129,820 |
Edwarda Alderete Exec Treasurer | Officer | 40 | $49,731 |
Bernice Armas-Martinez Exec Secretary | Officer | 40 | $40,864 |
Joe A Pimentel Director | Trustee | 2 | $0 |
Donald Dias Valadao Chairman | Trustee | 2 | $0 |
Melanie Santos Director | Trustee | 2 | $0 |
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 | $6,007,659 |
| Investment income | $6,345,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $147,205 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,500,113 |
| 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 | $11,030,030 |
| Compensation of current officers, directors, key employees. | $220,415 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,091 |
| Pension plan accruals and contributions | $34,335 |
| Other employee benefits | $117,872 |
| Payroll taxes | $78,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,149 |
| Fees for services: Accounting | $86,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,972 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,233 |
| Insurance | $31,963 |
| All other expenses | $320,828 |
| Total functional expenses | $13,484,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,757,579 |
| Savings and temporary cash investments | $0 |
| 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 | $5,452,042 |
| Investments—publicly traded securities | $121,118,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,954,591 |
| Total assets | $134,282,524 |
| Accounts payable and accrued expenses | $252,260 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $123,909,851 |
| Total liabilities | $124,162,111 |
| Net assets without donor restrictions | $0 |
| 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 | $10,120,413 |
| Total liabilities and net assets/fund balances | $134,282,524 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portuguese Fraternal Society Of America Modesto, CA | $134,282,524 | $12,500,113 |
Independent Order Of Odd Fellows Reno, NV | $13,279,534 | $1,654,703 |
Independent Order Of Odd Fellows Portland, OR | $8,024,150 | $1,194,890 |
Knights Of Columbus West Covina, CA | $940,086 | $582,085 |
Fraternal Order Of Eagles Lake Havasu City, AZ | $1,790,665 | $499,016 |
Fraternal Order Of Police Phoenix, AZ | $1,152,315 | $623,750 |
Free & Accepted Masons Of Nevada Las Vegas, NV | $11,306,224 | $1,072,468 |
Knights Of Columbus Simi Valley, CA | $356,050 | $432,649 |
Pancretan Association Of America Walnut Creek, CA | $95,420 | $403,536 |
Most Worshpful Prince Hall Grnd Ldg F&am Calif & Hawaii Inc Los Angeles, CA | $1,163,493 | $511,000 |
Fraternal Order Of Police Tucson, AZ | $482,820 | $315,047 |
Knights Of Columbus El Cajon, CA | $61,002 | $266,905 |