2022-11-15T11:59:25-06:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 361493430 MODERN WOODMEN OF AMERICA MODE 3097866481 1701 1ST AVE ROCK ISLAND IL 612018724 TODD D SWANSON CHIEF ACCOUNTING OFFICER 3097866481 2022-11-15 1 TODD SWANSON 999009999 JENIFER L CHASE P01306883 5638884000 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z W KENNY MASSEY 1701 1ST AVE ROCK ISLAND IL 612018724 1781138211 0 X WWW.MODERNWOODMEN.ORG X 1883 IL TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS. 9 4 1832 230000 17911135 8565180 0 0 1662858431 1781138211 0 0 0 0 1662858431 1781138211 1104858 1097883 1316377136 1180569623 78014984 71173342 0 0 0 142933484 445125228 1538430462 1697966076 124427969 83172135 18178582196 17486511569 15930725575 15086840207 2247856621 2399671362 TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS. 0 0 LIFE INSURANCE PROGRAMS: MODERN WOODMEN OF AMERICA PROVIDES BENEFITS AND SERVICES COVERAGE FOR LIFE, ANNUITY, AND ACCIDENT & HEALTH INSURANCE (729,004 MEMBERS) FRATERNAL BENEFITS (29,447 BENEFICIARIES) YOUTH COMMUNITY SERVICE ACTIVITIES (3,494) 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 71880 0 1 1832 1 1 1 0 0 0 0 0 1 0 X 9 4 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X TODD D SWANSON 3095583077 1701 FIRST AVENUE ROCK ISLAND IL 61201 WILLIAM KENNY MASSEY PRESIDENT AND CEO 40.00 X X 2214565 0 1439818 JERALD J LYPHOUT NATIONAL SECRETARY AND EXECUTIVE VICE PRESIDENT 40.00 X X 1018276 0 1060149 BRETT M VAN CHIEF INVESTMENT OFFICER & TREASURER 40.00 X X 816498 0 884236 LESTER BOHNERT GENERAL COUNSEL 40.00 X X 574443 0 757941 JOSEPH A SZTAPKA DIRECTOR & REGIONAL DIRECTOR 40.00 X 491883 61580 131088 LORI NEWBERG DIRECTOR 5.00 X 122800 0 0 JAMES E TEMPERLEY DIRECTOR 5.00 X 110548 0 0 SAM KUPRESIN DIRECTOR 5.00 X 99455 0 0 DAVID NUERENBERGER DIRECTOR 5.00 X 87459 0 0 DAVID B EMRICK FORMER DIRECTOR 5.00 X 19437 0 0 STEVEN J OLLENBURG CHIEF RISK OFFICER 40.00 X 465172 0 231307 DANIEL G DEPUYDT CHIEF HUMAN RESOURCES OFFICER 40.00 X 454755 0 110823 JEFFREY N SOWARDS CHIEF DISTRIBUTION & MARKETING OFFICER 40.00 X 471236 415 63397 SHEA DOYLE ASSISTANT NATIONAL SECRETARY 40.00 X 300376 0 185627 TODD DAVID SWANSON CHIEF ACCOUNTING OFFICER 40.00 X 427756 0 50074 JILL LAIN WEAVER CHIEF FRATERNAL OFFICER 40.00 X 341498 0 109453 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 40.00 X 433488 0 12034 DARWIN D LARRISON CHIEF INFORMATION SECURITY OFFICER 40.00 X 261694 0 97373 ROBERT KEORKUNIAN REGIONAL DIRECTOR 40.00 X 887047 89709 184518 DANIEL L LAWRENCE REGIONAL DIRECTOR 40.00 X 697017 114701 64556 KENNY D JACKSON REGIONAL DIRECTOR 40.00 X 520688 71662 163849 STEVEN EATON MANAGING PARTNER 40.00 X 640224 70986 43509 JONATHON MARSH REGIONAL DIRECTOR 40.00 X 618558 59399 -25793 DARCY ANN CALLAS FORMER SPECIAL PROJECTS COORDINATOR 0.00 X 121831 0 14183 12196704 468452 5578142 265 1 1 0 SE2 5801 SW SIXTH AVENUE TOPEKA KS 66636 PRODUCT MANAGEMENT 1062769 PINEBRIDGE INVESTMENTS LLC 65 E 55TH STREET 5TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT 671450 INVESCO 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 INVESTMENT MANAGEMENT 654084 WELIS LLC 10 OCEANA WAY NORWOOD MA 02062 SOFTWARE DEVELOPMENT & MAINTENANCE 528222 ERNST & YOUNG PNC BANK EY US LLP 3712 SOLUTIONS C CHICAGO IL 60677 AUDIT AND CONSULTING 422400 20 PREMIUMS & OTHER RECEIPTS 524113 964116557 964116557 GROSS INVESTMENT INCOME 524113 708688073 708688073 OTHER INCOME 524113 108253583 90422446 17831137 PRINTING INCOME 323100 79998 79998 1781138211 1781138211 1763227076 17911135 0 582533 515350 1180569623 8377600 41045691 -971203 16024761 6696493 887454 368590 1522565 1436856 1613630 4872290 1200246 5746811 199083 2033935 6866673 8952793 556865 NET REINSURANCE TRANSAC 217311451 COMMISSIONS 56809520 MISCELLANEOUS EXPENSE 32649986 UNRELATED BUSINESS INCO 962467 101134013 1697966076 12020496 10751714 945967651 729572520 76390713 59304816 19845400 17085897 2140796 2863808 15539770091 14805088619 1658837762 1921149011 18178582196 17486511569 14870086 19450138 615859326 586091215 15299996163 14481298854 15930725575 15086840207 X 0 0 0 0 2247856621 2399671362 2247856621 2399671362 18178582196 17486511569 X 83172135 139247977 -70605371 X X 0 1 X 1 0 463770 1345245 1809015 606229 63977045 50573949 14009325 9998424 8730867 1267557 17085897 BONDS 12246632500 F COMMON STOCKS 1222999431 F MORTGAGE LOANS 124946269 C OTHER INVESTED ASSETS 1018660864 F CERTIFICATE LOANS 131069205 C PREFERRED STOCKS 60780350 F 14805088619 SECURITIES LENDING 398620389 SEPARATE ACCOUNTS 1374031222 INVESTMENT INCOME DUE & ACCRUED 104715763 AMOUNTS RECOVERABLE FROM REINSURERS 33934135 RECEIVABLE FROM SUBSIDIARIES & AFFILIATES 1074570 UNCOLLECTED PREMIUMS 362373 REINSURANCE RECEIVABLE 321103 MISCELLANEOUS ASSETS 229456 RECEIVABLE FOR SECURITIES 7860000 1921149011 CONTRACT RESERVES 10232312511 SECURITIES LENDING 398620389 ASSET VALUATION RESERVE 497470518 SEPARATE ACCOUNTS 1374031222 OTHER LIABILITIES 52006736 LIABILITY FOR BENEFITS FOR EMPLOYEES & FIELDWORKERS 74077377 INTEREST MAINTENANCE RESERVE 26319123 CONTRACT CLAIM LIABILITY 42314313 DRAFTS OUTSTANDING 23597921 FUNDS HELD UNDER COINSURANCE 1746854190 PROVISION FOR REFUNDS PAYABLE 9900000 PREMIUMS RECEIVED IN ADVANCE 3794554 14481298854 -1729161943 0 -1729161943 28386892 3481913262 3510300154 1781138211 -1812334078 0 -1812334078 28386892 3481913262 3510300154 1697966076 PART XI, LINE 4B - OTHER ADJUSTMENTS: REINSURANCE TRANSACTION ADJUSTMENT 3,481,913,262. PART XII, LINE 4B - OTHER ADJUSTMENTS: REINSURANCE TRANSACTION ADJUSTMENT 3,481,913,262. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 55439512 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 27775360 0 0 0 0 0 0 83214872 0 83214872 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 AMERICAN NATIONAL RED CROSS 1100 RIVER DRIVE MOLINE IL 61265 530196605 501(C)(3) 20210 0 GENERAL SUPPORT BALLET QUAD CITIES 613 17TH STREET ROCK ISLAND IL 61201 421366753 501(C)(3) 15000 0 EDUCATIONAL PROGRAM BETHANY FOR CHILDREN & FAMILIES 1830 6TH AVENUE MOLINE IL 61265 362166973 501(C)(3) 8000 0 COMMUNITY CELEBRATION SPONSORSHIP BIG BROTHERS BIG SISTERS OF MISSISSIPPI VALLEY 130 W 5TH STREET DAVENPORT IA 52801 421320809 501(C)(3) 35540 0 CAPITAL CAMPAIGN PROJECT BOYS AND GIRLS CLUB OF THE MISSISSIPPI VALLEY INC 338 6TH STREET MOLINE IL 61265 363838421 501(C)(3) 8000 0 SPONSORSHIP CENTER FOR ACTIVE SENIORS INC 1035 W KIMBERLY ROAD DAVENPORT IA 52806 421011267 501(C)(3) 5070 0 GENERAL SUPPORT CHRISTIAN FRIENDLINESS ASSOCIATION INC - YOUTHHOPE 3928 12TH AVENUE MOLINE IL 61265 362193602 501(C)(3) 22460 0 CAPITAL CAMPAIGN PROJECT DEVELOPMENT ASSOCIATION OF ROCK ISLAND 100 19TH STREET SUITE 109 ROCK ISLAND IL 61201 362757981 501(C)(6) 11550 0 DARI MEMBERSHIP FRIENDLY HOUSE OF DAVENPORT IOWA 1221 N MYRTLE STREET DAVENPORT IA 52804 420733466 501(C)(3) 9910 0 GENERAL SUPPORT FRIENDSHIP MANOR INC 1209 21ST AVE ROCK ISLAND IL 61201 362524984 501(C)(3) 41000 0 CAPITAL CAMPAIGN & GENERAL SUPPORT GILDA'S CLUB OF QUAD CITIES 1234 E RIVER DRIVE DAVENPORT IA 52803 421446989 501(C)(3) 32945 0 CAPITAL CAMPAIGN HABITAT FOR HUMANITY - QUAD CITIES INC 3625 MISSISSIPPI AVENUE DAVENPORT IA 52807 421404937 501(C)(3) 9460 0 GENERAL SUPPORT & SPONSORSHIP HANDICAPPED DEVELOPMENT CENTER 3402 HICKORY GROVE ROAD DAVENPORT IA 52806 420947868 501(C)(3) 6280 0 GENERAL SUPPORT HUMILITY HOMES AND SERVICES INC 3805 MISSISSIPPI AVENUE DAVENPORT IA 52807 010916973 501(C)(3) 6690 0 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF THE HEARTLAND INC 800 12TH AVENUE MOLINE IL 61265 362684253 501(C)(3) 10000 0 SPONSORSHIP LIFE HAPPENS 1530 WILSON BLVD SUITE 1060 ARLINGTON VA 22209 521904610 501(C)(6) 21945 0 GENERAL SUPPORT QUAD CITIES CHAMBER OF COMMERCE 331 W 3RD ST SUITE 100 DAVENPORT IA 52801 362878405 501(C)(6) 35000 0 GENERAL SUPPORT & MEMBERSHIP QUAD CITY ARTS INC 1715 2ND AVENUE ROCK ISLAND IL 61201 363122824 501(C)(3) 9000 0 YOUTH APPRENTICESHIP PROGRAM QUAD CITY SYMPHONY ORCHESTRA ASSOCIATION 327 BRADY STREET DAVENPORT IA 52801 426017663 501(C)(3) 25000 0 SPONSORSHIP ST AMBROSE UNIVERSITY 518 W LOCUST STREET DAVENPORT IA 52803 420703280 501(C)(3) 25000 0 COLLEGE OF BUSINESS RENOVATIONS TWO RIVERS YMCA INC 2040 53RD STREET MOLINE IL 61265 362169199 501(C)(3) 34500 0 CAPITAL CAMPAIGN YWCA OF THE QUAD CITIES 229 16TH ST ROCK ISLAND IL 61201 362171176 501(C)(3) 55500 0 SPONSORSHIP & CAPITAL CAMPAIGN 19 3 SCHOLARSHIPS 198 471300 ORPHAN BENEFITS 15 44050 PART I, LINE 2: ALTHOUGH MODERN WOODMEN DOES NOT HAVE SPECIFIC PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS, IT DOES HAVE PROCEDURES IN PLACE TO DECIDE WHO RECEIVES GRANTS, CONTRIBUTIONS, SCHOLARSHIPS AND ORPHAN BENEFITS. TO BE ELIGIBLE TO RECEIVE CONTRIBUTIONS AN ORGANIZATION MUST BE A 501(C)(3) OR 501(C)(6) ORGANIZATION. CONTRIBUTION RECIPIENTS ARE SELECTED BY A MODERN WOODMEN COMMITTEE OR BOARD OF DIRECTORS BASED ON ESTABLISHED CRITERIA. ELIGIBLE SCHOLARSHIP RECIPIENTS MUST BE BENEFICIAL MEMBERS OF MODERN WOODMEN AND ARE SELECTED BY AN INDEPENDENT COMMITTEE OR AT RANDOM BASED ON ESTABLISHED CRITERIA. SCHOLARSHIP CHECKS ARE MADE PAYABLE TO THE SCHOOL AND NOT THE INDIVIDUAL. ORPHAN BENEFITS ARE PROVIDED TO MEMBERS' CHILDREN OR JUNIOR MEMBERS WHO BECOME ORPHANED BEFORE THEIR 19TH BIRTHDAY. ELIGIBILITY REQUIREMENTS ARE ESTABLISHED BY THE BOARD OF DIRECTORS AND PAYMENTS ARE PAID ONLY TO LEGAL GUARDIANS. X X X X 1 1 X X X 0 1 0 WILLIAM KENNY MASSEY PRESIDENT AND CEO 1732237 0 406000 0 76328 0 1425636 0 14182 0 3654383 0 0 0 JERALD J LYPHOUT NATIONAL SECRETARY AND EXECUTIVE VIC 801084 0 177250 0 39942 0 1045967 0 14182 0 2078425 0 0 0 BRETT M VAN CHIEF INVESTMENT OFFICER & TREASURER 610971 0 172492 0 33035 0 866126 0 18110 0 1700734 0 0 0 LESTER BOHNERT GENERAL COUNSEL 445840 0 108593 0 20010 0 743759 0 14182 0 1332384 0 0 0 ROBERT KEORKUNIAN REGIONAL DIRECTOR 411279 0 21038 0 454730 89709 175116 0 9402 0 1071565 89709 0 0 DANIEL L LAWRENCE REGIONAL DIRECTOR 243038 0 2089 0 451890 114701 45399 0 19157 0 761573 114701 0 0 KENNY D JACKSON REGIONAL DIRECTOR 152253 0 2412 0 366023 71662 148570 0 15279 0 684537 71662 0 0 STEVEN EATON MANAGING PARTNER 0 0 61559 0 578665 70986 24000 0 19509 0 683733 70986 0 0 STEVEN J OLLENBURG CHIEF RISK OFFICER 375889 0 80569 0 8714 0 217125 0 14182 0 696479 0 0 0 JOSEPH A SZTAPKA DIRECTOR & REGIONAL DIRECTOR 187817 0 4318 0 299748 61580 115809 0 15279 0 622971 61580 0 0 JONATHON MARSH REGIONAL DIRECTOR 180000 0 10031 0 428527 59399 -45302 0 19509 0 592765 59399 0 0 DANIEL G DEPUYDT CHIEF HUMAN RESOURCES OFFICER 369545 0 74300 0 10910 0 96641 0 14182 0 565578 0 0 0 JEFFREY N SOWARDS CHIEF DISTRIBUTION & MARKETING OFFIC 391541 0 77000 0 2695 415 45287 0 18110 0 534633 415 0 0 SHEA DOYLE ASSISTANT NATIONAL SECRETARY 260212 0 36677 0 3487 0 171445 0 14182 0 486003 0 0 0 TODD DAVID SWANSON CHIEF ACCOUNTING OFFICER 352344 0 75207 0 205 0 31964 0 18110 0 477830 0 0 0 JILL LAIN WEAVER CHIEF FRATERNAL OFFICER 284663 0 56036 0 799 0 100725 0 8728 0 450951 0 0 0 MICHAEL SCOTT ANDREWS CHIEF ACTUARY 347743 0 80201 0 5544 0 -2148 0 14182 0 445522 0 0 0 DARWIN D LARRISON CHIEF INFORMATION SECURITY OFFICER 223242 0 37643 0 809 0 79263 0 18110 0 359067 0 0 0 DARCY ANN CALLAS FORMER SPECIAL PROJECTS COORDINATOR 0 0 0 0 121831 0 0 0 14183 0 136014 0 121831 0 PART I, LINE 1A MODERN WOODMEN OF AMERICA PROVIDES THE FOLLOWING TO INDIVIDUALS REPORTED IN PART VII, SECTION A, LINE 1A: FIRST-CLASS OR CHARTER TRAVEL: IN TAX YEAR 2021, THE FOLLOWING TYPE OF INDIVIDUAL LISTED IN PART VII RECEIVED THE FIRST-CLASS OR CHARTER TRAVEL BENEFIT: 1 OFFICER. TRAVEL FOR COMPANIONS: IN TAX YEAR 2021, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED THE TRAVEL FOR COMPANIONS BENEFIT: 5 DIRECTORS. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J PART, II. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: IN TAX YEAR 2021, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: 1 DIRECTOR, 7 OFFICERS, AND 4 HIGHEST COMPENSATED EMPLOYEES. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J, PART II. HEALTH OR SOCIAL CLUB DUES: IN TAX YEAR 2021, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED HEALTH OR SOCIAL DUES: 4 OFFICERS. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J, PART II. PART I, LINE 4B MODERN WOODMEN OF AMERICA SPONSORS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR EXECUTIVE-LEVEL EMPLOYEES WHOSE COMPENSATION EXCEEDS THE ANNUAL IRS LIMITS FOR QUALIFIED PENSION PLANS. THE PURPOSE OF THIS PLAN IS TO RESTORE RETIREMENT BENEFITS THAT ARE RESTRICTED FOR THESE EXECUTIVES UNDER THE ORGANIZATION'S QUALIFIED RETIREMENT PLANS BECAUSE OF THE IRS COMPENSATION LIMIT AND/OR IRS LIMITS ON QUALIFIED PLAN CONTRIBUTIONS AND ACCRUALS. THE PLAN WAS CLOSED TO NEW PARTICIPANTS EFFECTIVE MARCH 1, 2016. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2021 SPONSORED BY MODERN WOODMEN OF AMERICA: MICHAEL SCOTT ANDREWS - $4,160, LESTER BOHNERT - $7,640, DANIEL G. DEPUYDT - $4,860, KENNY D. JACKSON - $7,655, ROBERT KEORKUNIAN - $12,129, DANIEL L. LAWRENCE - $12,464, JERALD J. LYPHOUT - $17,589, JONATHON MARSH - $8,883, WILLIAM KENNY MASSEY - $51,815, STEVEN J. OLLENBURG - $5,113, JOSEPH A. SZTAPKA - $2,888, AND BRETT M. VAN - $14,332. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY MODERN WOODMEN OF AMERICA ON BEHALF OF THE INDIVIDUAL TO THE PLAN IN 2021. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. THE INCREASE OR DECREASE IN ACTUARIAL VALUE RELATED TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR THE INDIVIDUALS LISTED ABOVE IS INCLUDED IN DEFERRED COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2021 SPONSORED BY MODERN WOODMEN OF AMERICA: DARCY ANN CALLAS - $121,831. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR DISTRIBUTION TO THE INDIVIDUAL BY THE PLAN IN 2016. THIS INFORMATION IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II. MWA FINANCIAL SERVICES SEE BELOW IN PART V 2664205 REIMBURSEMENT OF EXPENSES 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 86340 RECEIPT OF RENT 0 MWA FINANCIAL SERVICES SEE BELOW IN PART V 556910 SALARIES 0 MWAGIA SEE BELOW IN PART V 417441 REIMBURSEMENT OF EXPENSES 0 MWAGIA SEE BELOW IN PART V 13668 RECEIPT OF RENT 0 MWAGIA SEE BELOW IN PART V 184285 SALARIES 0 FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWA FINANCIAL SERVICES:LESTER BOHNERT, JERALD J. LYPHOUT, WILLIAM KENNY MASSEY, JEFFREY N. SOWARDS, TODD DAVID SWANSON, AND BRETT M. VAN ARE OFFICERS OF MODERN WOODMEN OF AMERICA AND ARE REPORTED ON THE FORM 990, PART VII. DURING THE TAX YEAR, JERRY J. LYPHOUT AND TODD DAVID SWANSON WERE OFFICERS, AND LESTER BOHNERT, WILLIAM KENNY MASSEY, JEFFREY N. SOWARDS, AND BRETT M. VAN WERE DIRECTORS OF MWA FINANCIAL SERVICES. FORM 990, SCHEDULE L, PART IV, COLUMN B: DESCRIPTION OF RELATIONSHIP - MWAGIA:LESTER BOHNERT, JERALD J. LYPHOUT, WILLIAM KENNY MASSEY, JEFFREY N. SOWARDS, AND BRETT M. VAN ARE OFFICERS OF MODERN WOODMEN OF AMERICA AND ARE REPORTED ON THE FORM 990, PART VII. DURING THE TAX YEAR, JERALD J. LYPHOUT AND WILLIAM KENNY MASSEY WERE OFFICERS, AND LESTER BOHNERT, JEFFREY N. SOWARDS, AND BRETT M. VAN WERE DIRECTORS OF MWAGIA. FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY IS ORGANIZED AS A FRATERNAL BENEFIT SOCIETY WITH MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PROVIDED TO THE GOVERNING BODY FOR FINAL REVIEW AFTER PREPARATION BY THE ACCOUNTING STAFF AND REVIEW BY THE CHIEF ACCOUNTING OFFICER WITH THE ASSISTANCE OF AN EXTERNAL ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST, ETHICS AND EXTERNAL AUDITOR QUESTIONNAIRES ARE SENT OUT EVERY JANUARY TO ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES. THESE ARE RETURNED TO THE PRESIDENT FOR REVIEW. THIS INFORMATION, INCLUDING THE PRESIDENT'S INFORMATION, IS REVIEWED AT THE ANNUAL BOARD OF DIRECTORS MEETING EACH FEBRUARY. EACH EMPLOYEE IS ASKED TO PERIODICALLY ACKNOWLEDGE THEIR UNDERSTANDING OF MODERN WOODMEN OF AMERICA'S PRINCIPLES OF CONDUCT. FORM 990, PART VI, SECTION B, LINE 15 REVIEW AND APPROVAL OF COMPENSATION FOR THE PRESIDENT AND NATIONAL SECRETARY IS DETERMINED ANNUALLY BASED ON A RECOMMENDATION OF THE BOARD'S COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES INDUSTRY PEER GROUP SURVEY DATA FACTORED FOR RELATIVE ASSETS MANAGED, BENCHMARKING THE MEDIAN BASE PAY AS THE MIDPOINT OF THE RANGE RECOMMENDED. TOTAL COMPENSATION TARGETS INCLUDE VARIABLE BONUS PAY, PERQUISITES, AND THE COMPREHENSIVE BENEFITS PROGRAM AVAILABLE TO ALL MODERN WOODMEN OF AMERICA EMPLOYEES. THE BOARD MAY ENGAGE EXTERNAL CONSULTANT RESOURCES TO CONDUCT THE REVIEW AND FORMULATE RECOMMENDATIONS TO THE COMPENSATION COMMITTEE WHEN DEEMED NECESSARY. APPROVAL OF COMPENSATION FOR THE PRESIDENT AND NATIONAL SECRETARY IS DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. REVIEW AND APPROVAL OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OTHER THAN THE PRESIDENT AND NATIONAL SECRETARY IS CONDUCTED ANNUALLY BY MANAGEMENT, REVIEWED BY THE COMPENSATION COMMITTEE, AND APPROVED BY THE BOARD OF DIRECTORS. THE REVIEW INCLUDES THE EVALUATION OF INDUSTRY PEER GROUP SURVEY DATA FACTORED FOR THE RELATIVE ASSETS MANAGED, BASED ON THE MEDIAN AS THE MIDPOINT OF A PAY RANGE RECOMMENDED FOR EACH POSITION. THE REVIEW MAY ENTAIL THE USE OF AN OUTSIDE COMPENSATION CONSULTANT. TOTAL COMPENSATION TARGETS INCLUDE BASE PAY, VARIABLE COMPENSATION PROGRAMS, AND THE COMPREHENSIVE BENEFITS PROGRAM AVAILABLE TO ALL MODERN WOODMEN OF AMERICA EMPLOYEES. APPROVAL OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OTHER THAN PRESIDENT AND NATIONAL SECRETARY IS DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FEDERAL TAX LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE. CERTAIN INFORMATION IS AVAILABLE THROUGH THE DEPARTMENT OF INSURANCE, ON OUR WEBSITE, AND IN OUR MEMBER PUBLICATION. FORM 990, PART XI, LINE 9: CHANGE IN NONADMITTED ASSETS -90,610,314. CHANGE IN ASSET VALUATION RESERVE -84,894,897. FRATERNAL BENEFIT RESERVE CHANGE -781. CHANGE IN POSTRETIREMENT MEDICAL BENEFITS FOR EMPLOYEES & FIELDWORKERS 22,229,661. CHANGE IN PREPAID PENSION PLAN COSTS 73,022,206. CHANGE IN PENSION PLAN LIABILITY FOR BENEFITS 8,171,468. CHANGE IN POSTRETIREMENT PENSION PLAN LIABILITY FOR BENEFITS 1,477,286. FORM 990, PART XII, LINE 1: THE FINANCIAL STATEMENTS AND TAX RETURN ARE PREPARED ON THE BASIS OF ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION - DIVISION OF INSURANCE (STATUTORY ACCOUNTING PRACTICES). FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT OR THE SELECTION PROCESS FROM THE PRIOR YEAR. HUDSON CLEAN ENERGY PARTNERS 400 FRANK BURR BOULEVARD TEANECK NJ 07666 263202466 INVESTING CJ MODERN WOODMEN OF AMERICA EXCLUDED -46674 8450941 0 0 0.89650 INVESCO SMALL CAP GROWTH FUND LLC 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 680577323 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 15640003 71503561 0 0 1.00000 SOUND POINT US DIRECT LENDING FUND II (UL) LP 712 FIFTH AVENUE 42ND FLOOR NEW YORK NY 10019 831402462 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 2254403 37881608 0 350334 0 1.00000 MWA FUND OF ONE 40 EAST 52ND STREET NEW YORK NY 10022 844035681 INVESTING DE MODERN WOODMEN OF AMERICA EXCLUDED 6565852 128873811 0 0 0.97980 MWA FINANCIAL SERVICES INC 1701 FIRST AVENUE ROCK ISLAND IL 61201 364420471 BROKER/DEALER IL MODERN WOODMEN OF AMERICA C 31425076 5092152 1.00000 1 MWAGIA 1701 FIRST AVENUE ROCK ISLAND IL 61201 371414457 GENERAL INSURANCE AGENCY IL MWA FINANCIAL SERVICES INC C 2524121 840874 1.00000 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 MWA FINANCIAL SERVICES INC A 86340 FAIR MARKET VALUE MWAGIA A 13668 FAIR MARKET VALUE MWA FUND OF ONE B 72743604 FAIR MARKET VALUE SOUND POINT US DIRECT LENDING FUND II (UL) LP B 19027486 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC O 556910 FAIR MARKET VALUE MWAGIA O 184285 FAIR MARKET VALUE MWA FINANCIAL SERVICES INC P 2664205 FAIR MARKET VALUE MWAGIA P 417441 FAIR MARKET VALUE INVESCO SMALL CAP GROWTH FUND LLC S 570513 FAIR MARKET VALUE MWA FUND OF ONE S 16682842 FAIR MARKET VALUE SOUND POINT US DIRECT LENDING FUND II (UL) LP S 2485495 FAIR MARKET VALUE