First Catholic Slovak Ladies Assoc Of The Usa
- Assets
- $1.1b
- Revenue
- $118.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Cleveland, OH
- Founding
- 02/1941
- Data as of
- 12/2021
- EIN
- 34-0220540
Organization Overview
First Catholic Slovak Ladies Assoc Of The Usa is located in Cleveland, OH. The organization was established in 1941. 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, First Catholic Slovak Ladies Assoc Of The USA employed 43 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. First Catholic Slovak Ladies Assoc Of The USA 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, First Catholic Slovak Ladies Assoc Of The USA generated $118.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $116.9m during the year ending 12/2021. While expenses have increased by 5.4% 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.
Since 2015, First Catholic Slovak Ladies Assoc Of The USA has awarded 196 individual grants totaling $1,833,233. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FRATERNAL AND OTHER BENEFITS TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE INSURANCE ACTIVITIES AND BENEFITS (136,807 CERTIFICATES IN FORCE: $1,125,042,000 AMOUNT OF INSURANCE IN FORCE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul S Smithers National Sales Manager | 40 | $267,560 | |
Cynthia Maria Maleski National,president/ceo | OfficerTrustee | 50 | $255,134 |
Stuart L Collins As Of 1121 National Treasurer | Officer | 40 | $188,308 |
Kimberly Graham National Secretary | Officer | 40 | $167,121 |
John Gonsiorek Regional Sales Manager | 40 | $126,662 | |
James Deak Programmer/analyst | 40 | $109,285 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Bailey & Associates Actuarial Services | 12/30/21 | $149,285 |
Clearwater Computer Programmers | 12/30/21 | $114,205 |
The Jaekle Group Inc Computer Services | 12/30/21 | $228,280 |
The Brewer-garrett Company Building Repairs | 12/30/21 | $109,257 |
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 | $67,332,617 |
| Investment income | $51,297,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,902 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,651,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $162,550 |
| Grants and other assistance to domestic individuals. | $251,970 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $56,912,121 |
| Compensation of current officers, directors, key employees. | $873,446 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,299,632 |
| Pension plan accruals and contributions | $215,498 |
| Other employee benefits | $549,369 |
| Payroll taxes | $231,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,975 |
| Fees for services: Accounting | $210,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $309,713 |
| Advertising and promotion | $227,212 |
| Office expenses | $105,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,915 |
| Travel | $22,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $239,320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,024 |
| Insurance | $63,654 |
| All other expenses | $1,430,355 |
| Total functional expenses | $116,888,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,135 |
| Savings and temporary cash investments | $17,602,735 |
| 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 | $519,810 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,598,305 |
| Investments—publicly traded securities | $1,056,795,578 |
| Investments—other securities | $0 |
| Investments—program-related | $1,927,530 |
| Intangible assets | $0 |
| Other assets | $34,996,578 |
| Total assets | $1,116,473,671 |
| Accounts payable and accrued expenses | $1,620,776 |
| 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 | $1,005,533,838 |
| Total liabilities | $1,007,154,614 |
| 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 | $109,319,057 |
| Total liabilities and net assets/fund balances | $1,116,473,671 |
Grants Awarded
Over the last fiscal year, First Catholic Slovak Ladies Assoc Of The Usa has awarded $959,215 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
Latrobe, PA PURPOSE: SECURITY PLAN FOR THE PARISH | $50,000 |
Latrobe, PA PURPOSE: DISTANCE LEARNING CENTER FOR PRIESTS | $45,028 |
Cleveland, OH PURPOSE: REFURBISH GUEST WING | $35,028 |
Chicago, IL PURPOSE: BOILER REPLACEMENT IN CHURCH | $26,000 |
Cleveland, OH PURPOSE: FUNDING FOR LEARNING CENTER PROGRAM | $25,000 |
Independence, OH PURPOSE: EPARCHIAL PRIEST DEVELOPMENT INITIATIVE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gbu Financial Life Pittsburgh, PA | $3,781,723,351 | $647,407,741 |
National Slovak Society Of The Usa Mcmurray, PA | $1,648,444,321 | $343,047,984 |
Law Enforcement Health Benefits Inc Philadelphia, PA | $77,854,547 | $135,878,841 |
Gleaner Life Insurance Society Adrian, MI | $1,402,937,886 | $115,436,958 |
First Catholic Slovak Ladies Assoc Of The Usa Cleveland, OH | $1,116,473,671 | $118,651,885 |
First Catholic Slovak Union Of The United States & Canada Independence, OH | $530,937,088 | $112,312,488 |
Isda Fraternal Association Pittsburgh, PA | $277,868,163 | $84,487,540 |
William Penn Association Pittsburgh, PA | $564,136,496 | $86,255,147 |
Everence Association Inc Goshen, IN | $407,395,698 | $69,175,767 |
Police And Firemens Insurance Association Carmel, IN | $255,522,812 | $49,657,782 |
Loyal Christian Benefit Association Erie, PA | $108,287,356 | $23,099,109 |
Womans Life Insurance Society Port Huron, MI | $202,469,549 | $20,989,003 |