Slovene National Benefit Society
- Assets
- $124.0m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Imperial, PA
- Founding
- 09/1940
- Data as of
- 12/2023
- EIN
- 36-1787650
Organization Overview
Slovene National Benefit Society is located in Imperial, PA. 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, Slovene National Benefit Society employed 16 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Slovene National Benefit Society 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, Slovene National Benefit Society generated $16.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $16.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIFE, ANNUITIES AND FRATERNAL BENEFITS TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE, HEALTH AND ACCIDENT INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS (30,833 CERTIFICATES IN FORCE; $248,070,000 FACE VALUE OF LIFE INSURANCE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Evanish National President & CEO | OfficerTrustee | 40 | $152,536 |
Karen A Pintar National Secretary & COO | OfficerTrustee | 40 | $141,240 |
Robert J Lawrence National Treasurer & CFO | OfficerTrustee | 40 | $130,940 |
Kenneth Anderson Thru 1123 Director | Trustee | 1 | $0 |
Tracey L Anderson Director | Trustee | 1 | $3,900 |
Vincent R Baselj Director | Trustee | 1 | $4,950 |
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 | $10,748,204 |
| Investment income | $5,875,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,632,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $17,087,045 |
| Compensation of current officers, directors, key employees. | $660,593 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $481,193 |
| Pension plan accruals and contributions | $45,080 |
| Other employee benefits | $35,262 |
| Payroll taxes | $76,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,560 |
| Fees for services: Accounting | $188,459 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,667 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,841 |
| Office expenses | $99,803 |
| Information technology | $337,116 |
| Royalties | $0 |
| Occupancy | $79,217 |
| Travel | $43,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $466,360 |
| Insurance | $51,571 |
| All other expenses | $0 |
| Total functional expenses | $16,938,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $1,580,029 |
| 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 | $1,814,993 |
| Investments—publicly traded securities | $117,398,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,231,870 |
| Total assets | $124,025,216 |
| Accounts payable and accrued expenses | $374,173 |
| 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 | $111,716,847 |
| Total liabilities | $112,091,020 |
| 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 | $11,934,196 |
| Total liabilities and net assets/fund balances | $124,025,216 |