Polish Falcons Of America

Organization Overview

Polish Falcons Of America is located in Pittsburgh, PA. The organization was established in 1940. 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, Polish Falcons Of America employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Polish Falcons 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 12/2021, Polish Falcons Of America generated $6.0m 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 (3.2%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SOCIETY PROVIDES FRATERNAL BENEFITS FOR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING FOR THE FINANCIAL SECURITY OF OUR MEMBERS BY MEETING OUR CURRENT BENEFIT OBLIGATIONS IN 2021 IN THE AMOUNT OF $1,669,893. THIS INCLUDES DEATH BENEFITS PAID (762,736); ANNUITY BENEFITS (645,964); DISABILITY BENEFITS AND BENEFITS UNDER ACCIDENT AND HEALTH CONTRACTS (149,685); AND MATURED ENDOWMENTS (9,786). IN ADDITION, WE HAVE PROVIDED FOR OUR FUTURE BENEFIT OBLIGATIONS IN THE FORM OF LIFE AND ANNUITY RESERVES, SET FOR THE PROTECTION OF OUR MEMBERS IN THE AMOUNT OF $2,423,046 (NOT INCLUDED IN THE AMOUNT ABOVE).


PROVIDING FOR THE FRATERNAL BENEFITS OF OUR MEMBERS IN THE AMOUNT OF $23,215, WHICH INCLUDE FRATERNAL ACTIVITIES AND OTHER ASSOCIATED COSTS.


PROVIDING SCHOLARSHIP GRANTS TO OUR DESERVING YOUTH MEMBERS IN THE AMOUNT OF $48,600.


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Board, Officers & Key Employees

Name (title)Compensation
John Denning
Sales Director
$124,826
Timothy Kuzma
Pres&ceo, Director Ex-Offi
$103,879
Ryan Gregg
Secretary/treasurer & CFO
$88,795
Patricia Delbusse
1st Vp, Director Ex-Offici
$60,738
Dan Michalak
2nd Vp, Directors Ex-Offic
$15,017
Thomas Eckert
Director
$6,600

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allen Bailey & Associates
Actuarial Services
$245,730
Parkway Advisors
Investment Advisors
$110,761
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $170,807
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$170,807
Total Program Service Revenue$2,814,699
Investment income $1,732,923
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $40,433
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,977,879

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Polish Falcons Of America has recieved totaling $100.

Awarding OrganizationAmount
John A And Mary Pollok Yanta Memorial Tr

San Antonio, TX

PURPOSE: ETHNIC FRATERNAL BENEFIT SOCIETY

$100
View Grant Recipient Profile

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