Hermann Sons Life
- Assets
- $261.7m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 252
- Location
- San Antonio, TX
- Founding
- 05/1940
- Data as of
- 12/2021
- 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 12/2021, Hermann Sons Life employed 252 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 12/2021, Hermann Sons Life generated $23.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $27.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL BENEFIT SOCIETY - HERMANN SONS LIFE'S MISSION IS TO STRENGTHEN COMMUNITY THROUGH FINANCIAL PROTECTION AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE BENEFIT PROGRAMS: FRATERNAL INSURANCE - 64,524 MEMBERS IN 122 FRATERNAL LODGES AND 69,803 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 FUND AND CHALLENGING ACTIVITIES. THE PROGRAM EMPHASIZE ON STRONG COMMUNITY AND DEVELOPING SOCIAL INTERACTION SKILLS THROUGH ACTIVITIES, GROUP SEATING, FAMILY-STYLE MEALS, ETC. SCHOOL OF DANCE ARE LOCATED IN 32 TEXAS COMMUNITIES. DANCE CLASSES FOR YOUTH AGES 3 TO 17 IN TAP, BALLET, AND JAZZ. AT SCHOOL YEAR END, A RECITAL WITH DANCERS IN COSTUME AND OTHER OPPORTUNITY PERFORMANCES ARE HELD AT EACH COMMUNITY EVENTS DURING THE YEAR. IN 2020, DUE TO COVID-19 PANDEMIC, CAMP AND DANCE SESSIONS AND CLASSES WERE CLOSED. IN 2021, CAMPS AND DANCE SESSIONS REOPENED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Zollinger President And CEO | Officer | 45 | $157,948 |
Mary Pruitt Vice President Of Finance And CFO | Officer | 45 | $145,529 |
Matthew R Walker Vice President Of Information Technology | Officer | 45 | $140,428 |
Samantha Kelley VP Of Operations And COO | Officer | 45 | $135,576 |
Cecily D Kelly Vice President Of Member Benefits | Officer | 45 | $127,837 |
Robin L Czarnek Vice President Of Sales | Officer | 45 | $88,729 |
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 | $37,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,568 |
| Total Program Service Revenue | $11,246,776 |
| Investment income | $10,135,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,327,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,747,654 |
| 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 | $18,744,722 |
| Compensation of current officers, directors, key employees. | $897,768 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,686,790 |
| Pension plan accruals and contributions | $121,467 |
| Other employee benefits | $674,967 |
| Payroll taxes | $246,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,616 |
| Fees for services: Accounting | $378,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,194 |
| Advertising and promotion | $180,593 |
| Office expenses | $118,242 |
| Information technology | $84,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $677,515 |
| Insurance | $89,164 |
| All other expenses | $1,042,060 |
| Total functional expenses | $27,079,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800 |
| Savings and temporary cash investments | $1,304,154 |
| 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 | $5,258,529 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,205,052 |
| Investments—publicly traded securities | $240,483,779 |
| Investments—other securities | $0 |
| Investments—program-related | $7,369,344 |
| Intangible assets | $0 |
| Other assets | $3,057,680 |
| Total assets | $261,680,338 |
| Accounts payable and accrued expenses | $806,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $137,924 |
| 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 | $247,629,402 |
| Total liabilities | $248,573,493 |
| 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 | $13,106,845 |
| Total liabilities and net assets/fund balances | $261,680,338 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Life Insurance San Antonio, TX | $1,259,804,171 | $118,816,051 |
Slavonic Benevolent Order Of The State Of Texas Temple, TX | $250,843,424 | $37,911,844 |
Hermann Sons Life San Antonio, TX | $261,680,338 | $23,747,654 |
Catholic Union Of Texas The Kjt La Grange, TX | $104,398,388 | $13,305,879 |
Kjzt Family Life Austin, TX | $164,643,389 | $13,170,314 |
Scottish Rite Educational Association Of Texas Austin, TX | $15,247,612 | $5,200,101 |
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Knights Of Peter Claver New Orleans, LA | $3,522,649 | $1,821,465 |
Order Of The Alamo San Antonio, TX | $410,612 | $959,299 |
The Scottish Rite Learning Center Of West Texas Lubbock, TX | $7,376,055 | $134,513 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Houston, TX | $13,839,072 | $459,966 |