Hermann Sons Life
- Assets
- $255.6m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 268
- Location
- San Antonio, TX
- Founding
- 05/1940
- Data as of
- 12/2022
- EIN
- 74-0817310
Organization Overview
Hermann Sons Life is located in San Antonio, TX. 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 12/2022, Hermann Sons Life employed 268 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Hermann Sons Life 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 12/2022, Hermann Sons Life generated $22.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $24.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL BENEFIT SOCIETY- ORGANIZATION'S MISSION IS COMMUNITY SERVICE THROUGH LODGE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE BENEFIT PROGRAMS: FRATERNAL INSURANCE - 63,253 MEMBERS IN 116 FRATERNAL LODGES AND 68,290 CERTIFICATES PROVIDING DEATH, ENDOWMENT AND ANNUITY BENEFITS.
HERMANN SONS LIFE RETIREMENT HOME - PROVIDES INDEPENDENT LIVING COMMUNITY FOR ELIGIBLE MEMBERS OVER THE AGE OF 65. THE RESIDENTS ARE PROVIDED WITH COMPLETE NEEDS OF ROOM AND BOARD.
YOUTH ACTIVITIES: TWO CAMPS AVAILABLE FOR JUNIOR MEMBERS TO ATTEND ONE WEEK DURING THE SUMMER MONTHS FOR AGE 9 TO 13. CAMPERS PARTICIPATE IN VARIETY OF FUN AND CHALLENGING ACTIVITIES. THE PROGRAM EMPHASIZES ON STRONG COMMUNITY AND DEVELOPING SOCIAL INTERACTION SKILLS THROUGH ACTIVITIES, GROUP SEATINGS, FAMILY-STYLE MEALS, ETC. SCHOOLS OF DANCE ARE LOCATED IN 34 TEXAS COMMUNITIES. DANCE CLASSES FOR YOUTH AGES 3 TO 17 IN TAP, BALLET, AND JAZZ. AT SCHOOL YEAR END, A RECITAL WITH DANCERS IN COSTUMES. OTHER OPPORTUNITIES TO PERFORMANCE ARE HELD WITHIN EACH COMMUNITY EVENTS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Ann Krueger Director-Chairperson | Trustee | 5 | $4,288 |
David William Wolf Director-Vice Chair | Trustee | 5 | $5,450 |
Laura Ann Tiffan Director Director | Trustee | 5 | $3,716 |
David R Noak Director | Trustee | 5 | $5,450 |
Stanley L Steiger Director | Trustee | 5 | $5,450 |
Gerald Ziemnicki Director | Trustee | 5 | $3,716 |
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 | $30,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,478 |
| Total Program Service Revenue | $9,253,831 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $11,680,900 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,669,755 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,634,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $15,775,447 |
| Compensation of current officers, directors, key employees. | $930,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,143,282 |
| Pension plan accruals and contributions | $109,700 |
| Other employee benefits | $668,812 |
| Payroll taxes | $225,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $343,864 |
| Fees for services: Accounting | $174,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,452 |
| Advertising and promotion | $182,670 |
| Office expenses | $154,866 |
| Information technology | $79,622 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $744,830 |
| Insurance | $109,382 |
| All other expenses | $238,213 |
| Total functional expenses | $24,061,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800 |
| Savings and temporary cash investments | $2,883,257 |
| 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 | $5,298,598 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,037,326 |
| Investments—publicly traded securities | $234,087,411 |
| Investments—other securities | $0 |
| Investments—program-related | $6,310,507 |
| Intangible assets | $0 |
| Other assets | $3,017,091 |
| Total assets | $255,635,990 |
| Accounts payable and accrued expenses | $377,069 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $239,610 |
| 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 | $246,259,704 |
| Total liabilities | $246,876,383 |
| 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 | $8,759,607 |
| Total liabilities and net assets/fund balances | $255,635,990 |