2018-07-06T13:07:33-07:00 2017-12-31 990 2017-01-01 237131460 UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION UNIT 2162275293 24950 Country Club Blvd Suite 340 North Olmsted OH 44070 Richard Kusnic Treasurer 2162275293 2018-06-29 2017 2022-09-23 18:48:47Z Richard Kusnic 24950 Country Club North Olmsted OH 44070 23236381 0 X utuia.org X Not for Profit 1970 OH Fraternal benefit society serving our members with various insurance products and fraternal benefits. 28 28 18 20 0 0 0 0 12939423 12910087 9815233 10098582 411681 185259 23166337 23193928 154867 249226 14177518 14803177 3029081 4353658 0 0 0 4123932 2906586 21485398 22312647 1680939 881281 226336516 226965991 179492439 176540661 46844077 50425330 PROVIDE LIFE, ACCIDENT AND HEALTH AND ANNUITY POLICIES TO MEMBERS OF THE UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION AND WORKERS IN THE TRANSPORTATION INDUSTRIES. 0 0 PROVIDE LIFE, ACCIDENT & HEALTHAND ANNUITY PRODUCTS TO MEMBERS OF THE UNITED TRANSPORTATION UNION INSURANCE ASSOCIATION AND WORKERS IN THE TRANSPORTATION INDUSTRY 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1380 0 1 18 1 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Richard Kusnic 2162275293 24950 Country Club Blvd Suite 340 North Olmsted OH 44070 John Previsich Chairman of the Board 5 0 X 0 0 0 John England Director 5 0 X 0 0 0 John Lesniewski Director 5 0 X 0 0 0 John Risch Director 5 0 X 0 0 0 Frank Riha Director 5 0 X 30125 0 0 Nicholas DiCicco Director 5 0 X 31375 0 0 William Thompson Director 5 0 X 31375 0 0 William Ryan Director 5 0 X 27375 0 0 Richard Kusnic Secretary/Treasurer 40 0 X 219447 0 26334 Kenneth Laugel President 40 0 X X X 206329 0 24759 546026 0 51093 5 0 1 0 VORYS SATER SEYMOUR & PEASE PO BOX 73487 CLEVELAND OH 44193 LEGAL SERVICES 303954 JP Morgan Investment Services 575 WASHINGTON BLVD JERSEY CITY NJ 07310 INVESTMENT SERVICES 374873 MILLER NEWBERG 8717 W 110TH ST OVERLAND PARK KS 66210 ACTURIAL SERVICES 151994 United Healthcare PO Box 416982 Boston MA 02241 Employee medical insurance 1095409 SMART 24950 Country Club North Olmsted OH 44070 Administrative services 1059839 9 0 12910087 12910087 0 0 12910087 9413408 9413408 0 0 685174 685174 0 0 0 0 0 0 207273 0 42453 0 164820 0 164820 164820 0 0 0 0 20439 20439 0 0 20439 23193928 23193928 0 0 0 249226 0 14803177 546025 2255547 0 279300 1063107 209679 0 88050 60782 6500 0 606931 627888 19808 127620 314834 0 183447 525828 0 153435 0 0 0 128226 Filing Fees 39138 Miscellaneous Expense 3992 Charitable Donations 20107 22312647 0 0 0 134518 14080 2744066 925973 0 0 149947 68133 0 0 0 0 0 0 0 0 0 0 2345124 551816 1790100 1793308 214188878 217061017 0 0 0 0 0 0 7329007 7103480 226336516 226965991 2163935 1999127 0 0 0 0 0 0 0 177328504 174541534 179492439 176540661 X 0 0 0 0 46844077 50425330 46844077 50425330 226336516 226965991 X 881281 401014 0 0 0 2298958 X 1 1 X 1 0 406054 0 406054 1624215 0 551816 1072399 0 0 0 0 314855 0 0 314855 0 0 0 0 1793308 0 Certificate Reserves 167182716 Interest Maintenance Reserve 3943511 Asset Valuation Reserve 3415307 174541534 22586997 0 0 0 0 0 22586997 606931 0 606931 23193928 21705716 0 0 0 0 0 21705716 606931 0 606931 22312647 1 See Schedule I, part 4, Statement 1 126 2000 0 Book Value Schedule I, Part I, Line 2 Schedule I, Part I, Line 2- Scholarships of $2,000 are made payable to the educational institution on behalf of each recipient (student). There were 126 scholarships distributed in 2017. The process from selection to remittance is independently audited annually. X X 0 0 0 John Previsich Chairman of the Board 0 0 0 0 0 0 0 0 0 0 0 0 0 0 John England Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 John Lesniewski Director 0 0 0 0 0 0 0 0 0 0 0 0 0 John Risch Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Frank Riha Director 30125 0 0 0 0 0 0 0 0 0 30125 0 0 0 Nicholas DiCicco Director 31375 0 0 0 0 0 0 0 0 0 31375 0 0 0 William Thompson Director 31375 0 0 0 0 0 0 0 0 0 31375 0 0 0 William Ryan Director 27375 0 0 0 0 0 0 0 0 0 27375 0 0 0 Kenneth Laugel President 206329 0 0 0 0 0 24759 0 25012 0 256100 0 0 0 Richard Kusnic Secretary/Treasurer 219448 0 0 0 0 0 26334 0 25012 0 270794 0 0 0 Form 990, Part VI, Section A, Line 2 Four UTUIA Board Members are also officers of a non-related company; SMART-TD Form 990, Part VI, Section A, Line 6 The UTUIA has about 46,300 policyholders who are members of the UTUIA Fraternal Benefit Society Form 990, Part VI, Section A, Line 7a The members (policyholders) of the UTUIA elect delegates to the Grand Convention (held every four years) who intern elect the Board of Directors who is the governing body of the UTUIA Form 990, Part VI, Section B, Line 11b The Form 990 is produced in the finance department under the direction of the Secretary/Treasurer. A draft is then forwarded to the Chairman of the Board, the Chair of the Audit Committee, General Council and the President of UTUIA for review and approval before the document is filed. Form 990, Part VI, Section B, Line 12c The Board members are required, on an annual basis, to review the conflict of interest policy and enter into the minutes their adherence and approval. Form 990, Part VI, Section B, Line 15 The Board established a Compensation Committee to research and establish guidelines for compensation based on "completion of goals" for the President and Secretary/Treasurer. The Committee also reviews and suggests Board fees and retainers. Form 990, Part VI, Section C, Line 19 Policies are available upon request through the Office of the President and copies are provided electronically or by mail. Form 990, Part XI, Line 9 The amount of $2,298,958 if from the amount of unrealized gains ($2,455,559) plus the change in the Asset Valuation Reserve ((156,601)) during 2017. Late filing was due to the unavailability of audited financial statements and the mental error of not filing the extension timely. The company believed the extension was automatic.