Polish Falcons Of America
- Assets
- $41.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Green Tree, PA
- Founding
- 12/1940
- Data as of
- 12/2022
- EIN
- 25-0734610
Organization Overview
Polish Falcons Of America is located in Green Tree, 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 12/2022, 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 12/2022, Polish Falcons Of America generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 8 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
POLISH FALCONS OF AMERICA IS A MEMBER-DRIVEN NOT-FOR-PROFIT THAT GIVES BACK TO MEMBER COMMUNITIES WHILE PROVIDING AN OPPORTUNITY TO IMPROVE OVERALL WELL-BEING THROUGH FINANCIAL SERVICES SOCIAL CONNECTIVITY EVENTS AND PROGRAMS AND BENEFITS TO SUPPORT MEMBER NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FINANCIAL SECURITY TO OUR MEMBERS BY MEETING OUR CURRENT BENEFIT OBLIGATIONS WHICH AMOUNTED TO $2,411,879 IN 2022. THESE BENEFITS INCLUDE DEATH BENEFITS PAID OF $688,532 ANNUITY BENEFITS OF $1,297,820 CASH SURRENDERS OF $64,188 MEDICARE SUPPLEMENT BENEFITS OF $294,981 AND MATURED ENDOWMENTS OF $65,918. THE ORGANIZATION RESERVES ADDITIONAL FUNDING IN COMPLIANCE WITH NAIC AND STATUTORY LAW.
PFA OFFERS VARIOUS PROGRAMS TO ALLOW MEMBERS TO ACHIEVE THE ORGANIZATION'S MOTTO OF A HEALTHY SPIRIT IN A HEALTHY BODY. FOLLOWING A BRIEF STINT DUE TO THE PANDEMIC PFA ROLLED OUT A FULL SLATE OF PROGRAMS IN 2022. YOUNGER MEMBERS HAD ACCESS TO NATIONAL CAMP FUTURE LEADERS OF AMERICA CONFERENCE AND A NATIONAL VOLLEYBALL TOURNAMENT. ADULT EVENTS INCLUDED NATIONAL BOWLING NATIONAL GOLF NATIONAL VOLLEYBALL AND A NATIONAL WALKING PROGRAM.
THE ORGANIZATION PROVIDES SCHOLARSHIP GRANTS TO DESERVING MEMBERS SELECTED BY THE SCHOLARSHIP COMMITTEE ON AN ANNUAL BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Denning National Sales Agent | 40 | $121,455 | |
Tim Kuzma President CEO | OfficerTrustee | 40 | $106,994 |
Patricia Delbusse 1st Vice President | OfficerTrustee | 40 | $62,405 |
Dan Michalak 2nd Vice President | OfficerTrustee | 5 | $15,488 |
Thomas Eckert National Director | Trustee | 1 | $6,600 |
Patricia Capozoli National Director | Trustee | 1 | $3,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Bailey & Associates Actuarial Services | 12/30/19 | $245,730 |
Parkway Advisors Investment Advisors | 12/30/19 | $110,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,604 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,976 |
| Total Program Service Revenue | $3,003,218 |
| Investment income | $1,938,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,912,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,411,879 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $300,905 |
| Other salaries and wages | $432,650 |
| Pension plan accruals and contributions | $87,518 |
| Other employee benefits | $83,048 |
| Payroll taxes | $59,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,053 |
| Fees for services: Accounting | $47,434 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,819 |
| Fees for services: Other | $136,956 |
| Advertising and promotion | $21,211 |
| Office expenses | $91,478 |
| Information technology | $72,210 |
| Royalties | $0 |
| Occupancy | $65,955 |
| Travel | $37,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,683 |
| Insurance | $52,812 |
| All other expenses | $0 |
| Total functional expenses | $4,257,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,477 |
| Savings and temporary cash investments | $997,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $351,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $233,881 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,834 |
| Investments—publicly traded securities | $38,893,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $523,116 |
| Total assets | $41,484,980 |
| Accounts payable and accrued expenses | $57,990 |
| 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 | $38,453,493 |
| Total liabilities | $38,511,483 |
| 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 | $2,973,497 |
| Total liabilities and net assets/fund balances | $41,484,980 |