Kskj Life American Slovenian Catholic Union
- Assets
- $566.6m
- Revenue
- $99.7m
- Investments
- $2.9m
- Employees
- 63
- Location
- Joliet, IL
- Founding
- 09/1940
- Data as of
- 12/2022
- EIN
- 36-1150880
Organization Overview
Kskj Life American Slovenian Catholic Union is located in Joliet, IL. The organization was established in 1940. 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. As of 12/2022, Kskj Life American Slovenian Catholic Union employed 63 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kskj Life American Slovenian Catholic Union 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, Kskj Life American Slovenian Catholic Union generated $99.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $99.6m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SECURITY TO OUR MEMBERS AND THEIR FAMILIES THROUGH LIFE INSURANCE AND ANNUITY PRODUCTS, AND TO MAKE A DIFFERENCE BY REINVESTING BACK INTO OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMPETITIVE INSURANCE AND RETIREMENT PRODUCTS TO ITS MEMBERS AS A FRATERNAL BENEFIT LIFE INSURANCE COMPANY, AS WELL AS FRATERNAL ACTIVITIES FOR THE BENEFIT OF KSKJ MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony J Mravle CEO | Officer | 38 | $341,896 |
Stuart Buchanan Corporate Sec'y | Officer | 38 | $300,412 |
Anthony T Mravle Investment Mgr | Officer | 38 | $265,472 |
Brian Sharp CFO | Officer | 38 | $240,401 |
April Sleyko Chief Marketing Officer | 38 | $189,398 | |
Rudolph Krasovec Jr Chairman | OfficerTrustee | 5 | $37,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Griffith Ballard & Co Actuary | 12/30/22 | $357,454 |
Robert Half Recruiter | 12/30/22 | $225,995 |
Aqueity Computer Software | 12/30/22 | $215,807 |
Optimum Re Reinsurance | 12/30/22 | $380,061 |
Midwest Series Of Lockton Computer Software | 12/30/22 | $310,211 |
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 | $73,327,326 |
| Investment income | $25,913,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,748,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,759 |
| Grants and other assistance to domestic individuals. | $47,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $82,682,418 |
| Compensation of current officers, directors, key employees. | $1,637,723 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,529,960 |
| Pension plan accruals and contributions | $163,830 |
| Other employee benefits | $261,667 |
| Payroll taxes | $284,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,449 |
| Fees for services: Accounting | $86,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,403 |
| Fees for services: Other | $356,610 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $888,236 |
| Royalties | $0 |
| Occupancy | $338,269 |
| Travel | $36,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,498 |
| Insurance | $219,492 |
| All other expenses | $112,951 |
| Total functional expenses | $99,605,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,446,479 |
| 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 | $1,145,847 |
| Investments—publicly traded securities | $535,126,520 |
| Investments—other securities | $2,931,315 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,971,284 |
| Total assets | $566,621,445 |
| Accounts payable and accrued expenses | $782,493 |
| Grants payable | $0 |
| Deferred revenue | $1,848,878 |
| 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 | $30,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $516,256,413 |
| Total liabilities | $548,887,784 |
| 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 | $16,440,746 |
| Retained earnings, endowment, accumulated income, or other funds | $1,292,915 |
| Total liabilities and net assets/fund balances | $566,621,445 |