Catholic United Financial

Organization Overview

Catholic United Financial is located in Arden Hills, MN. 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 United Financial employed 101 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Catholic United Financial 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 United Financial generated $73.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $73.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Catholic United Financial has awarded 12 individual grants totaling $237,851. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE OUR MEMBERS WITH LIFE INSURANCE, ANNUITIES AND OTHER PRODUCTS THAT CONTRIBUTE TO THEIR FINANCIAL WELL-BEING AND SUPPORT THE ROMAN CATHOLIC CHURCH IN EXTENDING THE FAITH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BENEFITS TOTALING $47,790,549 WERE PAID TO OUR MEMBERS IN ACCORDANCE WITH OUR MISSION TO PROVIDE LIFE INSURANCE, ANNUITIES AND OTHER PRODUCTS, SERVICES AND BENEFITS THAT CONTRIBUTE TO THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THEIR FAMILIES. $10,161,783 WAS PAID IN DEATH CLAIMS, $37,540,166 WAS PAID FOR ANNUITY, SUPPLEMENTARY CONTRACT AND OTHER POLICY BENEFITS, AND $88,600 WAS PAID FOR POST-HIGH SCHOOL SCHOLARSHIPS.


IN ACCORDANCE WITH OUR MISSION TO PROMOTE FRATERNALISM AND CHARITY AMONG OUR MEMBERS THROUGH A LOCAL COUNCIL SYSTEM AND REPRESENTATIVE GOVERNANCE, $280,445 WAS PROVIDED TO OUR COUNCILS AND COMMUNITIES. OF THIS AMOUNT, $133,931 WAS SPENT ON LOCAL COUNCILS, $75,970 ON MATCHING GRANTS, $7,764 WAS SPENT TO CONDUCT REGIONAL MEMBER GATHERINGS, $6,622 ON MISCELLANEOUS DONATIONS, AND $56,158 WAS SPENT ON MEMBER RECOGNITION PROGRAMS AND CONDUCTING GATHER4GOOD EVENTS. GATHER4GOOD IS A VOLUNTEER, FAMILY ORIENTED SERVICE PROJECT STARTED IN 2010 TO ASSEMBLE PERSONAL CARE KITS FOR PEOPLE IN THE LOCAL COMMUNITY EXPERIENCING HOMELESSNESS.


IN ACCORDANCE WITH OUR MISSION TO SUPPORT THE ROMAN CATHOLIC CHURCH IN EXTENDING THE FAITH, COMMENDING AND ENCOURAGING CATHOLIC SCHOOLS AND RELIGIOUS EDUCATION, FRATERNAL BENEFITS TOTALING $510,315 WERE SPENT DURING THE YEAR. OF THIS TOTAL, $87,855 WAS PROVIDED TO CATHOLIC DIOCESES AND PARISHES, $274,620 WAS SPENT AS OPERATING SUPPORT FOR OUR FOUNDATION, AND $147,840 WAS SPENT SUPPORTING CATHOLIC EDUCATION, INCLUDING THE ANNUAL CATHOLIC SCHOOLS RAFFLE. THIS RAFFLE HAS RAISED OVER $12 MILLION FOR OVER 100 CATHOLIC SCHOOLS SINCE ITS INCEPTION THIRTEEN YEARS AGO.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Ahles
President/chairman
$386,990
Paul Zastrow
Sr. Vp, Secretary/treasurer
$334,969
John Tetzloff
Director Of Sales
$213,043
John Kolodziejczyk
Directorof Information Systems
$159,130
Butch Byers
Southwest Regional Director
$175,149
Gregory Gall
Central Regional Director
$151,907

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Securian Asset Management
Investment Advisory
$381,638
Bonsai Llc
Consulting Services
$300,000
Bk Group Ll
It Consulting
$205,790
Miller & Newberg
Actuarial And Consulting Services
$281,473
Nordick Consulting
It Consulting
$102,807
View All Vendors

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$30,829,236
Investment income $38,099,542
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $90,958
Net Gain/Loss on Asset Sales $518,903
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $73,502,168

Grants Awarded

Over the last fiscal year, Catholic United Financial has awarded $25,000 in support to 2 organizations.

Grant RecipientAmount

NATIONAL ASSOCIATION OF FRATERNAL INSURANCE COUNSELORS INC

PURPOSE: Catholic education

$10,000

ST HENRY'S CHURCH

PURPOSE: Catholic education

$15,000
View Grant Profile

Peer Organizations

Organization NameAssets
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Arden Hills, MN
$73,502,168
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$64,263,803
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$36,708,977
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$1,063,106
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$976,508
El Riad Shriners
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$1,047,646
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Of Usa
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$802,168
Benevolent & Protective Order Of Elks Of The Usa 1395 Owatonna
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$546,109
Benevolent & Protective Order Of Elks Of The Usa
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$491,907
Green Bay Moose Lodge 801 Loyal Order Of Moose
Green Bay, WI
$480,115
Fraternal Order Of Eagles
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$376,039
Kenosha Lodge No 286 Loyal Order Of Moose
Kenosha, WI
$378,584
Yeldez Shriners
Aberdeen, SD
$529,211
Fraternal Order Of Eagles
Des Moines, IA
$343,829
Ancient Accepted Scottish Rite Of Free Masonry Nmj
Wauwatosa, WI
$233,301
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Of Usa
Cedar Rapids, IA
$157,118
Benevolent & Protective Order Of Elks Of The Usa
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$303,080
Order Of The Eastern Star Of Minnesota Grand Chapter
Bloomington, MN
$281,808
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Of Usa
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$215,583
Fraternal Order Of Eagles
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$224,999

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