Catholic Life Insurance

Organization Overview

Catholic Life Insurance is located in San Antonio, TX. The organization was established in 1969. 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 Life Insurance employed 80 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Catholic Life Insurance 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 Life Insurance generated $152.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $148.5m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President/ceo - Beg 12/01/23
$319,522
Name Not Listed
President Emeritus - End 12/15/23
$1,012,292
Name Not Listed
Director
$18,200
Name Not Listed
Director
$21,500
Name Not Listed
Director
$22,050
Name Not Listed
Director
$25,274

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Eugene Smart
Independent Agent
$588,962
Wellington Management Co Llp
Investment Mgmt
$522,675
James E Tirres
Independent Agent
$359,295
Sapiens Americas Corporation
Consulting
$354,891
Automatic Elevator Inc
Construction
$263,218
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$99,339,200
Investment income $54,702,564
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$728,815
Net Gain/Loss on Asset Sales -$984,799
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $152,779,246

Peer Organizations

Organization NameAssets
Catholic Life Insurance
San Antonio, TX
$152,779,246
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$44,090,522
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$370,816

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