Degree Of Honor Protective Association
- Assets
- $202.9m
- Revenue
- $23.9m
- Investments
- $13.6m
- Employees
- 31
- Location
- Saint Paul, MN
- Founding
- Data as of
- 12/2016
- EIN
- 41-0216310
Organization Overview
Degree Of Honor Protective Association is located in Saint Paul, MN. As of 12/2016, Degree Of Honor Protective Association employed 31 individuals. Degree Of Honor Protective Association 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 12/2016, Degree Of Honor Protective Association generated $23.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $23.7m during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
WE SUPPORT OUR MEMBERS, THEIR FAMILIES, AND THEIR COMMUNITIES BY PROVIDING FINANCIAL SECURITY AND INSPIRING SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE AND ANNUITY BENEFITS FOR OR TO MEMBERS.
DEGREE OF HONOR PROTECTIVE ASSOCIATION HAS OVER 40,100 MEMBERS AND OPERATES THROUGH A NATIONWIDE NETWORK OF ABOUT 63 LODGES AND SERVICE CLUBS. INDIVIDUAL PARTICIPATION IN COMMUNITY SERVICES WORK IN PROJECTS IS ENCOURAGED TO ALL CERTIFICATE OWNERS. PAYMENTS TO LODGES AND SERVICE CLUBS FOR COMPLETION OF VOLUNTEER AND FRATERNAL EVENTS AND SUPPORT FOR LODGES AND SERVICE CLUBS.
HONOR MAGAZINE, A SEMI-ANNUAL PUBLICATION MAILED TO ALL ADULT MEMBERS, IS OUR OFFICIAL PUBLICATION IN WHICH MEMBERS ARE ENCOURAGED TO GET INVOLVED IN THEIR LOCAL LODGES AND SERVICE CLUBS WHICH PROVIDE AND COORDINATE OPPORTUNITIES AS VOLUNTEERS TO GIVE BACK TO THEIR COMMUNITIES. NON-CONTRACTUAL FRATERNAL BENEFITS WHICH PROVIDE FOR ADDITIONAL ASSISTANCE IN TIMES OF NEED IN THE FORM OF ADDITIONAL DEATH BENEFITS IN THE CASE OF AN ACCIDENT, SCHOLARSHIPS AND SIMILAR HELP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria E Collett Board Member | Trustee | 5 | $8,400 |
Kristina Chorzempa Hamann Board Member | Trustee | 5 | $6,000 |
Dennis K Peterson Board Member | Trustee | 5 | $8,000 |
Laureen Jansky Board Member | Trustee | 5 | $6,294 |
Sylvia Soeth Board Member | Trustee | 5 | $57,424 |
Jeffrey Little Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Benefit Limited Independant Insurance Agents | 12/30/16 | $640,311 |
Latitude Llc Marketing And Brand Consultant | 12/30/16 | $342,614 |
Griffith Ballard & Company Consulting Actuaries | 12/30/16 | $170,692 |
Asset Allocation & Management Company Llc Investment Management Group | 12/30/16 | $240,513 |
Fafinski Mark & Johnson P A Legal Councel | 12/30/16 | $215,804 |
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 | $23,906,377 |
| Investment income | $0 |
| 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 | $23,906,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,217 |
| Grants and other assistance to domestic individuals. | $18,075 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $17,772,274 |
| Compensation of current officers, directors, key employees. | $1,113,016 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,192,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $324,968 |
| Payroll taxes | $148,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $227,830 |
| Fees for services: Accounting | $275,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,019 |
| Office expenses | $384,936 |
| Information technology | $54,292 |
| Royalties | $0 |
| Occupancy | $142,760 |
| Travel | $43,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,202 |
| Insurance | $75,123 |
| All other expenses | $0 |
| Total functional expenses | $23,669,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,249 |
| Savings and temporary cash investments | $795,040 |
| 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 | $0 |
| Investments—publicly traded securities | $181,507,435 |
| Investments—other securities | $13,566,112 |
| Investments—program-related | $3,179,654 |
| Intangible assets | $0 |
| Other assets | $2,934,620 |
| Total assets | $202,883,110 |
| Accounts payable and accrued expenses | $311,360 |
| 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 | $196,166,429 |
| Total liabilities | $196,477,789 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,405,321 |
| Total net assets or fund balances | $6,405,321 |