Catholic Order Of Foresters
- Assets
- $1.3b
- Revenue
- $114.6m
- Investments
- $30.3m
- Employees
- 89
- Location
- Naperville, IL
- Founding
- 08/1940
- Data as of
- 12/2021
- 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 12/2021, Catholic Order Of Foresters employed 89 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 12/2021, Catholic Order Of Foresters generated $114.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $116.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2021
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 | OfficerTrustee | 40 | $571,459 |
Mark Walsworth Evp | Officer | 40 | $529,192 |
Christopher Nowotarski General Counsel/corporate Secretary | Officer | 40 | $408,265 |
Joni Kazmierczak VP | Officer | 40 | $225,513 |
Ann Baker SVP | Officer | 40 | $208,460 |
Michael Deering VP | Officer | 40 | $204,473 |
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 | $57,716,923 |
| Investment income | $56,636,517 |
| 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 | $114,599,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,542 |
| Grants and other assistance to domestic individuals. | $280,735 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $94,188,881 |
| Compensation of current officers, directors, key employees. | $4,101,084 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,401,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,553,278 |
| Payroll taxes | $513,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,167 |
| 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 | $168,215 |
| Advertising and promotion | $316,615 |
| Office expenses | $587,959 |
| Information technology | $1,079,839 |
| Royalties | $0 |
| Occupancy | $781,072 |
| Travel | $336,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463,712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $879,996 |
| Insurance | $149,365 |
| All other expenses | $6,104,807 |
| Total functional expenses | $116,214,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,262,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $339,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $120,768,620 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,114,282 |
| Investments—publicly traded securities | $1,079,835,003 |
| Investments—other securities | $30,336,289 |
| Investments—program-related | $9,082,845 |
| Intangible assets | $0 |
| Other assets | $11,847,535 |
| Total assets | $1,291,586,056 |
| Accounts payable and accrued expenses | $16,768,078 |
| Grants payable | $0 |
| Deferred revenue | $1,187,815 |
| 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 | $1,200,412,311 |
| Total liabilities | $1,218,368,204 |
| 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 | $73,217,852 |
| Total liabilities and net assets/fund balances | $1,291,586,056 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Royal Neighbors Of America Rock Island, IL | $1,104,741,684 | $185,032,558 |
Catholic Financial Life Milwaukee, WI | $1,696,774,589 | $138,292,152 |
Catholic Order Of Foresters Naperville, IL | $1,291,586,056 | $114,599,440 |
Everence Association Inc Goshen, IN | $407,395,698 | $69,175,767 |
Polish Roman Catholic Union Of America Chicago, IL | $239,198,774 | $70,353,750 |
Western Fraternal Life Association Madison, WI | $648,970,346 | $59,441,063 |
Moose International Inc Mooseheart, IL | $248,875,927 | $60,547,515 |
Police And Firemens Insurance Association Carmel, IN | $255,522,812 | $49,657,782 |
Polish National Alliance Of The United States Of Na Chicago, IL | $443,323,344 | $41,988,128 |
National Mutual Benefit Madison, WI | $0 | $36,708,977 |
Catholic Holy Family Society Belleville, IL | $181,583,154 | $35,335,313 |
Csa Fraternal Life Lombard, IL | $138,191,807 | $24,229,439 |