National Catholic Society Of Foresters
- Assets
- $168.8m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 24
- Location
- Schaumburg, IL
- Founding
- 06/1941
- Data as of
- 12/2021
- EIN
- 36-1981330
Organization Overview
National Catholic Society Of Foresters is located in Schaumburg, IL. The organization was established in 1941. 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, National Catholic Society Of Foresters employed 24 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Catholic Society 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, National Catholic Society Of Foresters generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $18.2m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
1891 FINANCIAL LIFE FORMERLY: NATIONAL CATHOLIC SOCIETY OF FORESTERS IS A MEMBER BASED ORGANIZATION THAT PARTNERS WITH CHRISTIAN FAMILIES BY EXTENDING QUALITY PRODUCTS SERVICES AND FRATERNAL BENEFITS TO ACHIEVE FINANCIAL PEACE OF MIND FOR MEMBERS WHILE PROMOTING SOCIAL AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1891 FINANCIAL LIFE FORMERLY: NATIONAL CATHOLIC SOCIETY OF FORESTERS OFFERS A VARIETY OF BOTH LIFE INSURANCE AND ANNUITY PRODUCTS TO ITS MEMBERS AND IS LICENSED TO WRITE BUSINESS IN 17 STATES CONCENTRATED IN THE CENTRAL UNITED STATES
1891 FINANCIAL LIFE FORMERLY: NATIONAL CATHOLIC SOCIETY OF FORESTERS OFFERS FRATERNAL BENEFITS INCLUDING: 1. CATHOLIC GRADE SCHOOL GRANTS 2. CATHOLIC HIGH SCHOOL GRANTS 3. RELIGIOUS EDUCATION GRANTS 4. HIGHER EDUCATION SCHOLARSHIPS 5. ORPHAN BENEFITS 6. NEWBORN CHILD BENEFITS
1891 FINANCIAL LIFE FORMERLY: NATIONAL CATHOLIC SOCIETY OF FORESTERS SUPPORTS FRATERNAL ACTIVITIES INCLUDING: 1. MEANINGFUL VOLUNTEER OPPORTUNITIES 2. MATCHING FUNDS TO LOCAL CHAPTERS COURTS FUNDRAISING TO BENEFIT PARISHES COMMUNITIES AND FAMILIES OR INDIVIDUALS IN NEED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Bickus CEO | Officer | 40 | $191,353 |
Meegan Gibbons CFO | Officer | 40 | $129,205 |
Robert Fattore Sales Manager | 40 | $112,500 | |
Tu Hornstra Operations Manager | 40 | $111,118 | |
Mary Krutiak Communication Director | Officer | 40 | $105,643 |
Brian Lawless Board Treasurer | Trustee | 2 | $18,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Bailey & Associates Actuarial Consultant | 12/30/21 | $171,098 |
Parkway Advisors Investment Advisors | 12/30/21 | $187,324 |
Insurance Administrator Inc System Support | 12/30/21 | $110,139 |
Griffith Ballard & Co Actuarial Service | 12/30/21 | $116,888 |
Management Data Inc Insurance Software | 12/30/21 | $313,474 |
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 | $10,462,763 |
| Investment income | $7,814,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,408 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,624,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,088 |
| Grants and other assistance to domestic individuals. | $63,515 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $14,012,765 |
| Compensation of current officers, directors, key employees. | $119,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,455,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $284,563 |
| Payroll taxes | $127,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,620 |
| Fees for services: Accounting | $40,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $220,412 |
| Fees for services: Other | $493,808 |
| Advertising and promotion | $9,331 |
| Office expenses | $350,040 |
| Information technology | $229,624 |
| Royalties | $0 |
| Occupancy | $79,606 |
| Travel | $9,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,532 |
| Insurance | $56,046 |
| All other expenses | $48,398 |
| Total functional expenses | $18,236,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579,131 |
| Savings and temporary cash investments | $1,376,487 |
| 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 | $2,107,603 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $421,278 |
| Investments—publicly traded securities | $162,359,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,935,140 |
| Total assets | $168,779,448 |
| Accounts payable and accrued expenses | $423,381 |
| Grants payable | $0 |
| Deferred revenue | $115,857 |
| 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 | $149,949,421 |
| Total liabilities | $150,488,659 |
| 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 | $18,290,789 |
| Total liabilities and net assets/fund balances | $168,779,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Kone Inc Moline, IL | $0 | $17,815,569 |
National Catholic Society Of Foresters Schaumburg, IL | $168,779,448 | $18,624,381 |
Western Catholic Union Quincy, IL | $196,139,579 | $14,717,772 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Bloomingdale, IL | $75,070,914 | $2,909,772 |
Polish Womens Alliance of America Chicago, IL | $51,899,831 | $2,385,010 |
Ancient Accepted Scottish Rite Of Free Masonry Nmj Indianapolis, IN | $14,877,083 | $1,938,272 |