2014-08-05T15:07:31-07:00 2013-12-31 990 2013-01-01 410182070 CATHOLIC UNITED FINANCIAL CATH 6514900170 3499 Lexington Ave N St Paul MN 55126 Michael Ahles Sr. VP and Secretary/Treasurer 6517654124 2014-05-29 2013 2015-11-30 17:44:51Z Michael Ahles Sr VP Secretary Treas 3499 Lexington Ave N St Paul MN 55126 85817919 0 0263 X www.catholicunited.org X 1878 MN Fraternal Life Benefits 9 7 106 0 0 0 0 0 54821547 47036610 34974093 37407568 2017561 1373741 91813201 85817919 0 897837 75322408 68714665 7949061 7810522 0 0 0 8702535 8013002 91974004 85436026 -160803 381893 773692221 806197188 747194163 777809290 26498058 28387898 Catholic United Financial exists as a not-for-profit fraternal benefit society to: Promote fraternalism and charity among its members through a Local Council system and a representative form of goverment. Provide its members with life insurance, annuities and other products, services and benefits that will contribute to the financial well-being of our members and their families. Support the Roman Catholic Church in extending the faith, especially by commending and encouraging Catholic schools and religious education. Strive to be a good employer and contributing member of our community. 0 0 68714665 0 0 Benefits totaling $68,714,665 were paid to or for members in accordance with our mission to provide life insurance, annuities and other products, services and benefits that contribute to the financial well-being of our members and their families. $6,654,837 was paid in death benefits with $62,059,828 paid for annuity, supplementary contract and other policy benefits. 598641 0 0 In accordance with our mission to promote fraternalism and charity among our members through a local council system and representative governance, $598,641 was provided to our Councils and communities. Of this amount, $83,895 was spent to conduct our annual Delegate Convention and $63,087 was spent conducting Gather4Good events. Gather4Good is a volunteer, family oriented service project started in 2010 to assemble personal care kits for people in the local community experiencing homelessness. 515677 0 0 In accordance with our mission to support the Roman Catholic Church in extending the faith, commending and encouraging Catholic schools and religious education, Fraternal benefits totaling $515,677 were spent during the year. Of this total, $283,367 was provided to Catholic Dioceses and parishes, $60,141 was granted to organizations supportive of extending Catholic teachings and $171,169 was spent supporting Catholic education, including the Annual Catholic Schools Raffle. This Raffle has raised over $3 million for over 100 Catholic schools since its inception five years ago. 0 0 0 69828983 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 62 0 1 106 1 0 0 0 0 0 0 X 9 7 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 0 X Catholic United Financial 6514900170 3499 Lexington Ave N St Paul MN 551268017 Harald Borrmann President/Chairman 37.5 0 X X X X X 334079 0 78723 Michael Ahles Senior VP and Secretary/Treasurer 37.5 0 X X X X X 292405 0 53481 George Gmach Board Member 3 0 X 19700 0 0 John Maile Board Member 3 0 X 16700 0 0 Joseph Kueppers Board Member 3 0 X 21100 0 0 Michael J Schmitz Board Member 3 0 X 16000 0 0 Patricia Kasella Board Member 3 0 X 15300 0 0 Robert F Krattenmaker Board Member 3 0 X 19500 0 0 Renee Brod Board Member 3 0 X 16000 0 0 Patrick Brown Regional Sales Manager 37.5 0 X 215076 0 120136 Don Byers III Regional Sales Manager 37.5 X 168598 0 31845 Tom Schisler Director of Sales 37.5 0 X 153215 0 63833 Dean Demarais Sales Rep 37.5 0 X 155157 0 62108 David Ehlert Sales Rep 37.5 0 X 148579 0 64860 1591409 0 474986 21 0 1 0 Stinson Leonard Street 150 South Fifth Street Suite 2300 Minneapolis MN 55402 Legal Services 169277 Wellington Management Company LLP PO Box 13694 Newark NJ 071880694 Bond Advisory Services 234052 Sovran 2915 Commers Drive Suite 100 Eagan MN 55121 Computer Maintenance Assitance 127196 United Business Mail 405 35th Ave NE Minneapolis MN 55418 Mail Service 129799 Kathryn Johnson Interiors 4205 Minnesota Lane N Plymouth MN 55446 Interior Decorating 121927 6 0 Premium Income 900099 46530996 46530996 0 0 Program Related Expenses 524113 505614 505614 0 0 0 0 0 0 47036610 36609654 0 0 36609654 0 0 0 0 0 0 0 0 45370 0 0 0 45370 0 45370 0 0 45370 797914 0 0 0 797914 0 797914 0 0 797914 Other Investment Income 900001 1328371 0 0 1328371 0 0 0 0 1328371 85817919 47036610 0 38781309 651735 651735 246102 246102 0 68714665 68714665 806411 806411 3739452 3739452 1237144 1237144 1512066 1512066 515449 515449 0 175546 175546 344365 344365 0 0 0 93082 93082 605933 605933 367581 367581 200342 200342 0 280738 280738 150561 150561 0 202059 83895 118164 0 0 625532 625532 85093 85093 Sales Expenses 4145032 132586 4012446 Operational Expenses 651085 0 651085 RE Expense Investment Properties 28921 0 28921 57132 57132 85436026 69828983 15607043 0 5146250 1181684 13535245 8096887 0 0 5708 4814 0 0 0 7306089 6957934 472719 239051 0 8140798 4914132 4523256 3226666 707030945 754606953 27472084 23321052 8199925 8562147 773692221 806197188 3911732 3968192 743282431 773841098 747194163 777809290 X 0 0 0 0 26498058 28387898 26498058 28387898 773692221 806197188 X 381893 0 0 0 0 1507947 X 1 X 1 X 1 0 3020491 733315 193511 175693 178403 0 3593221 2157027 916452 106923 0 159911 0 3020491 982546 1223754 160743 0 206699 3317 2157027 880580 116776 54462 40491 25394 3387 982546 688154 193778 4148 5500 0 0 880580 0 0.19 0.81 0 0 0 0 0 6110457 582348 3727347 2965458 0 0 0 0 1422252 25741 1186785 261208 0 0 0 0 3226666 Life and Annuity Reserves 773841098 773841098 83624028 0 0 0 -1377316 -1377316 85001344 0 816575 816575 85817919 83588932 0 0 0 -970204 -970204 84559136 0 876890 876890 85436026 Schedule D, Part V, Line 4 To support financially the spiritual, educational, and social needs of the Catholic community where Catholic United Financial has a presence. Schedule D, Part XI, Line 2d $1,377,316 Investment Expenses Schedule D, Part XI, Line 4b Statutory Accounting Rules are different from the Form 990 Rules. $357,637 RE Depreciation, ($407,112) Rent Expense, ($7,607) Loss on Sale of Ledger Assets, $121,190 Profit on Sale of Ledger Assets, $177,232 Profit on Sale of Bonds, ($100) Loss on Sale of Bonds, $77,096 Gain on Surplus Note, $461,820 Gain on Sale of Mutual Funds, ($31,717) Loss on Sale of Mutual Funds, $2 Rounding and $68,134 LLC Income. Schedule D, Part XII, Line 2d $1,254,287 General Expense to Investment Expense, $123,029 Insurance, License and Taxes Expense and ($407,112) Rent Expense, Schedule D, Part XII, Line 4b $454,254 Refund to Members, $64,998 LLC Expenses, and $357,638 RE Depreciation 1 Rochester Catholic Schools Lourdes Building Our Future 1710 Industrial Drive NW Rochester MN 55901 410740119 501(c)(3) 8333 Building Project Saint Paul's Outreach 110 Crusader Avenue W West Saint Paul MN 55118 411621192 501(c)(3) 8333 Support St. Paul's Outreach Formation Program, Fan into Flame Retreat, Household, or The School of New Evangelization. The Church of Saint Agnes 535 Thomas Ave Saint Paul MN 55103 410694737 170(f)(8) 10000 Window Project Our Lady of the Prairie Catholic Church and School 215 N Chestnut Street Belle Plaine MN 56011 416027712 170(f)(8) 7500 Building project/capital campaign Catholic United Financial Foundation 3499 Lexington Ave N Saint Paul MN 55126 411893463 501(c)(3) 7804 Disaster relief equipment and adminstrative expenses. Disaster relief equipment and adminstrative expenses. 3 2 Post High School Scholarships 487 157399 Member Assistance Grants 18 18000 Local Council Fraternal Secretary Allowances (stipends) 139 60150 National Catholic Youth Conference 167 10553 Schedule I, Part I, Line 2 All grants are approved by the Board of Directors. X 1 1 X X X X 0 0 0 Harald Borrmann President/Chairman 330000 0 75 0 10160 0 0 0 78723 0 418958 0 0 0 Michael Ahles Sr. Vice President Secretary/Treasurer 290000 0 0 0 8840 0 0 0 53481 0 352321 0 0 0 Patrick Brown Regional Sales Manager 194369 0 18649 0 5994 0 0 0 120136 0 339148 0 0 0 Don Byers III Regional Sales Manager 147590 0 14676 0 6332 0 0 0 31845 0 200443 0 0 0 Tom Schisler Director of Sales 140300 0 13686 0 4965 0 0 0 63833 0 222784 0 0 0 Dean Demarais Sales Rep 143200 0 9676 0 6047 0 0 0 62108 0 221031 0 0 0 David Ehlert Sales Rep 134939 0 9635 0 7100 0 0 0 64860 0 216534 0 0 0 Schedule J, Part I, Line 1a Spouses of officers are allowed to travel as part of Catholic United's expense to a limited number of conferences. Schedule J, Part I, Line 3 Our officer's salaries are reviewed annually by the Board of Directors Compensation Committee...and we use industry salary comparisons supplied by the Employers Association. Form 990, Part VI, Section A, Line 6 Catholic United Financial is a not-for-profit fraternal life insurance company that is owned by its members under IRC Section 501(c)(8), Fraternal Benefit Society Form 990, Part VI, Section A, Line 7a Delegates of the membership vote for officers and board members. Form 990, Part VI, Section A, Line 7b Per our Constitution, certain fundamental decisions must be approved by the membership. These would included organizational changes, name changes, etc. Form 990, Part VI, Section A, Line 9 Renee Brod 602 Doherty Ave SE, New Prague, MN 56071, Michael Schmitz 60042 203rd St, Mankato, MN 56001, George Gmach 22600 Oakdale Drive, Rogers, MN 55374, John Maile 603 Red River Ave S, Cold Spring, MN 56320, Joseph Kueppers 28 Somerset Rd, Mendota Heights, MN 55118, Patricia Kasella 19723 93rd St, Royalton, MN 56373, Robert F. Krattenmaker Box 358, New London, MN 56273 Form 990, Part VI, Section B, Line 11b Catholic United Financial has a timeline process it follows for reviewing the Form 990. It starts with a review of the Governance Checklist. Followed by an analysis of the 990 draft by the President and Sr. VP Secretary/Treasurer. Once the draft is approved by management, it is posted to the Board of Directors secure website for their review. The Board reviews the Form 990 and members are required to sign off on the form. Form 990, Part VI, Section B, Line 12c The Conflict of Interest Policy is reviewed annually or as needed throughout the year. Form 990, Part VI, Section B, Line 15 President and Secretary Treasurer position salaries are reviewed annually by the Board of Directors Compensation Committee. Form 990, Part VI, Section C, Line 19 The organization makes our governing documents available via our Constitution and Bylaws. The financial statement is filed with the State of Minnesota and made available to the public. The Conflict of Interest Policy is not made readily available. Form 990, Part XI, Line 9 Change in Non-Admitted Assets $1,804,251, Changes in Asset Valuation Reserve ($1,918,580), Change in Net Unrealized Capital Gains $706,778 and Change in Surplus $915,498 Catholic United Financial General Agency LLC 3499 Lexington Ave N Saint Paul MN 55126 411906554 Established to sell nonproprietary long term care products to our members. MN 68134 16411 Catholic United Financial Catholic United Financial Foundation 3499 Lexington Ave N Saint Paul MN 55126 411893463 Charitable foundation assisting members with their charitable giving. MN 501(c)(3) Public Charity N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 Catholic United Financial Foundation n 178176 Direct expenses of the Catholic United Financial Foundation are paid for by Catholic United Financial.