Catholic Order Of Foresters
- Assets
- $1.2b
- Revenue
- $168.5m
- Investments
- $21.7m
- Employees
- 97
- Location
- Naperville, IL
- Founding
- 08/1940
- Data as of
- 12/2023
- EIN
- 36-0879870
Organization Overview
Catholic Order Of Foresters is located in Naperville, IL. 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 12/2023, Catholic Order Of Foresters employed 97 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Catholic Order Of Foresters 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 12/2023, Catholic Order Of Foresters generated $168.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $167.2m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A CENTURY OLD CATHOLIC FRATERNAL SOCIETY DEDICATED TO PROVIDING OUR MEMBERS WITH FINANCIAL SECURITY AND OPPORTUNITIES FOR SPIRITUAL, SOCIAL AND CHARITBALE GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMPETITIVE INSURANCE AND RETIREMENT PRODUCTS TO OUR MEMEMBERS AS A FRATERNAL LIFE INSURANCE COMPANY
FRATERNAL ACTIVITIES FOR MEMBERS INCLUDING FEEDING GODS CHILDREN ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Temple President | Officer | 40 | $836,825 |
Mark Walsworth Evp - Chief Marketing Officer | Officer | 40 | $824,191 |
Christopher Nowotarski General Counsel/corporate Secretary | Officer | 40 | $664,944 |
Joni Kazmierczak VP | Officer | 40 | $257,038 |
John Hillebrand SVP | Officer | 40 | $235,166 |
Geno Turek VP | Officer | 40 | $226,139 |
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 | $111,392,994 |
| Investment income | $56,875,290 |
| 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 | $168,454,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,533 |
| Grants and other assistance to domestic individuals. | $271,965 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $142,707,118 |
| Compensation of current officers, directors, key employees. | $5,484,516 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,807,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,666,039 |
| Payroll taxes | $110,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,940 |
| Fees for services: Accounting | $96,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,107 |
| Advertising and promotion | $292,488 |
| Office expenses | $557,466 |
| Information technology | $1,579,711 |
| Royalties | $0 |
| Occupancy | $799,644 |
| Travel | $423,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389,696 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $704,627 |
| Insurance | $199,287 |
| All other expenses | $1,718,754 |
| Total functional expenses | $167,157,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,082,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,286,763 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $151,100,633 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,338,747 |
| Investments—publicly traded securities | $1,030,946,393 |
| Investments—other securities | $21,709,294 |
| Investments—program-related | $8,937,855 |
| Intangible assets | $0 |
| Other assets | $8,328,763 |
| Total assets | $1,246,730,858 |
| Accounts payable and accrued expenses | $9,961,934 |
| Grants payable | $0 |
| Deferred revenue | $2,765,832 |
| 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 | $1,168,919,325 |
| Total liabilities | $1,181,647,091 |
| 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 | $65,083,767 |
| Total liabilities and net assets/fund balances | $1,246,730,858 |