Croatian Fraternal Union Of America
- Assets
- $512.4m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Pittsburgh, PA
- Founding
- 04/1941
- Data as of
- 12/2022
- EIN
- 25-0426430
Organization Overview
Croatian Fraternal Union Of America is located in Pittsburgh, PA. The organization was established in 1941. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Croatian Fraternal Union Of America employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Croatian Fraternal Union Of America 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 12/2022, Croatian Fraternal Union Of America generated $41.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $39.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SERVICES TO PERSONS OF SLAVIC DESCENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL MEMBERSHIP BENEFIT PROGRAMS, GENERAL/OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward W Pazo National President | OfficerTrustee | 35 | $314,719 |
Bernadette Luketich-Sikaras National Secretary/treasurer | OfficerTrustee | 35 | $239,535 |
Franjo Bertovic Vice-President Member Services | OfficerTrustee | 35 | $213,253 |
Daniel Kochis Board Member | Trustee | 0 | $2,747 |
Catherine Obenour Board Member | Trustee | 0 | $2,518 |
Andrew George Sepich Board Member | Trustee | 0 | $2,269 |
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 | $18,666,179 |
| Investment income | $22,115,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $41,922,282 |
| 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 | $33,193,073 |
| Compensation of current officers, directors, key employees. | $784,199 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,425,056 |
| Pension plan accruals and contributions | $400,000 |
| Other employee benefits | $496,980 |
| Payroll taxes | $147,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,726 |
| Fees for services: Accounting | $266,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,076 |
| Office expenses | $59,758 |
| Information technology | $30,290 |
| Royalties | $0 |
| Occupancy | $494,550 |
| Travel | $124,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,050 |
| Insurance | $130,507 |
| All other expenses | $0 |
| Total functional expenses | $39,657,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,931,708 |
| 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 | $1,156,297 |
| Investments—publicly traded securities | $499,714,854 |
| Investments—other securities | $0 |
| Investments—program-related | $2,843,845 |
| Intangible assets | $0 |
| Other assets | $5,773,496 |
| Total assets | $512,420,200 |
| Accounts payable and accrued expenses | $0 |
| 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 | $447,722,002 |
| Total liabilities | $447,722,002 |
| 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 | $64,698,198 |
| Total liabilities and net assets/fund balances | $512,420,200 |