North American Swiss Alliance
- Assets
- $3.5m
- Revenue
- $183.3k
- Investments
- $0.0
- Employees
- 1
- Location
- North Olmsted, OH
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 34-0719168
Organization Overview
North American Swiss Alliance is located in North Olmsted, OH. The organization was established in 1942. 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. This organization is a parent organization of an affiliated group for tax-exemption purposes. North American Swiss Alliance 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, North American Swiss Alliance generated $183.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $185.3k during the year ending 12/2022. 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
TO PROVIDE FRATERNAL INSURANCE BENEFITS TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FRATERNAL INSURANCE TO ITS MEMBERS. THE ALLIANCE CONSISTS OF 1,999 MEMBERS WITH POLICIES TOTALLING 4,694,565 IN LIFE INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Robison President | OfficerTrustee | 2 | $8,400 |
Lynn Kosin Secretary/tr | OfficerTrustee | 40 | $39,410 |
John Jencson Vice Preside | OfficerTrustee | 2 | $2,400 |
Jan Markowski President | Officer | 1 | $3,600 |
Kevin Ruedy Director | Trustee | 2 | $2,400 |
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 | $15,066 |
| Investment income | $150,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,253 |
| 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 | $69,906 |
| Compensation of current officers, directors, key employees. | $56,210 |
| Compensation of current officers, directors, key employees. | $19,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,620 |
| Advertising and promotion | $0 |
| Office expenses | $3,903 |
| Information technology | $6,410 |
| Royalties | $0 |
| Occupancy | $6,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,773 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $475 |
| All other expenses | $0 |
| Total functional expenses | $185,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,367 |
| 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 | $0 |
| Investments—publicly traded securities | $3,339,943 |
| Investments—other securities | $0 |
| Investments—program-related | $1,379 |
| Intangible assets | $0 |
| Other assets | $46,033 |
| Total assets | $3,472,722 |
| Accounts payable and accrued expenses | $4,250 |
| 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 | $2,671,085 |
| Total liabilities | $2,675,335 |
| 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 | $797,387 |
| Total liabilities and net assets/fund balances | $3,472,722 |