CATHOLIC LIFE INSURANCE: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CATHOLIC LIFE INSURANCE (EIN 74-0548665)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-17
- IRS object ID
- 201433219349303168
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-17T09:57:21-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9901 IH-10 Suite 500 | AddressLine1 |
| City | San Antonio | City |
| State | TX | State |
| ZIP Code | 78230 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 740548665 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CATHOLIC LIFE INSURANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THOMAS M PETRI | InCareOfNm |
| Business Name Control | CATH | BusinessNameControlTxt |
| Phone | 2108289921 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1635 NE LOOP 410 | AddressLine1 |
| Address Line2 | Suite 300 | AddressLine2 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78209 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS M PETRI | PersonNm |
| Person Title | VP/TREASURER | PersonTitleTxt |
| Phone | 2108289921 | PhoneNum |
| Signature | 2014-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Joy Reiner | PreparerPersonNm |
| PTIN | P01224777 | PTIN |
| Phone | 2108289921 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS M PETRI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1635 NE LOOP 410 STE 300 | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $186,611,549 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CATHOLICLIFEINSURANCE.COM | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | FRAT BENEFIT SOCIETY | OtherOrganizationDsc |
| Formation | 1901 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 70 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $66,497,442 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $55,579,604 | CYProgramServiceRevenueAmt |
| PY Investment Income | $49,340,295 | PYInvestmentIncomeAmt |
| CY Investment Income | $50,825,100 | CYInvestmentIncomeAmt |
| PY Other Revenue | $620,920 | PYOtherRevenueAmt |
| CY Other Revenue | $645,062 | CYOtherRevenueAmt |
| PY Total Revenue | $116,458,657 | PYTotalRevenueAmt |
| CY Total Revenue | $107,049,766 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $48,152,225 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $54,007,322 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,838,043 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,183,415 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $53,749,385 | PYOtherExpensesAmt |
| CY Other Expenses | $39,367,477 | CYOtherExpensesAmt |
| PY Total Expenses | $107,739,653 | PYTotalExpensesAmt |
| CY Total Expenses | $99,558,214 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,719,004 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $7,491,552 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $977,867,016 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,019,070,981 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $907,403,219 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $943,808,840 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $70,463,797 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $75,262,141 | NetAssetsOrFundBalancesEOYAmt |
| Mission | A FRATERNAL BENEFIT SOCIETY WHICH PROVIDES LIFE, WHOLE LIFE, AND UNIVERSAL LIFE CERTIFICATES, AND ANNUITY CONTRACTS TO ITS MEMBERS | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVISION OF BENEFITS, INCLUDING LIFE, WHOLE LIFE, AND UNIVERSAL LIFE INSURANCE, AND ANNUITY CONTRACTS TO ITS MEMBERS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 30282 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 70 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS M PETRI | PersonNm |
| Phone | 2108289921 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1635 NE LOOP 410 STE 300 | AddressLine1 |
| City | SAN ANTONIO | City |
| State | TX | State |
| ZIP Code | 78209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| SIXTUS LASKOWSKI | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $24,802 | $0 | $0 | |||
| THOMAS M BERGER | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $16,259 | $0 | $0 | |||
| GLADYS M HAECKER | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $17,700 | $0 | $0 | |||
| DORIS J SHORT | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $16,300 | $0 | $0 | |||
| LAWRENCE C SHIMEK | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $16,126 | $0 | $0 | |||
| JAMES L PERSYN | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $15,500 | $0 | $0 | |||
| THOMAS J HOELSCHER | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $17,756 | $0 | $0 | |||
| SANDY T KING | ||||||||
| DIRECTOR | 4.0 | Yes (X) | $16,700 | $0 | $0 | |||
| J MICHAEL BELZ | ||||||||
| PRESIDENT/CEO | 40.0 | Yes (X) | $523,177 | $0 | $149,376 | Yes (X) | ||
| THOMAS M PETRI | ||||||||
| VP/TREASURER | 40.0 | $181,908 | $0 | $39,563 | Yes (X) | |||
| COLLEEN Z BERGER | ||||||||
| VP/CONTROLLER | 40.0 | $155,972 | $0 | $27,993 | Yes (X) | |||
| RILEY D BEST | ||||||||
| VP/DIRECTOR OF AGENCIES | 40.0 | $177,705 | $0 | $38,912 | Yes (X) | |||
| FRANK GENTILE | ||||||||
| VP/CHIEF UNDERWRITER | 40.0 | $129,124 | $0 | $21,781 | Yes (X) | |||
| MARTHA M MABE | ||||||||
| VP/CORP SECRETARY | 40.0 | $122,234 | $0 | $24,351 | Yes (X) | |||
| BARBARA A CHEANEY | ||||||||
| VP/MARKETING-COMM | 40.0 | $117,673 | $0 | $22,998 | Yes (X) | |||
| PATRICIA G GUTIERREZ | ||||||||
| VP/OPERATIONS | 40.0 | $105,054 | $0 | $38,678 | Yes (X) | |||
| SCOTT D BRANT | ||||||||
| VP/INFORMATION TECHNOLOGIES | 40.0 | $96,431 | $0 | $42,637 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,750,421 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $406,289 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WELLINGTON MANAGEMENT CO | |||||
| 75 STATE STREET | BOSTON | MA | 02109 | INVESTMENT MGMT | $701,490 |
| ALLEN BAILEY ASSOCIATES INC | |||||
| 8310 CAPITAL OF TEXAS HWY N 370 | AUSTIN | TX | 78731 | POLICY RSV ACTUARY | $250,137 |
| ERNST YOUNG | |||||
| 100 WEST HOUSTON ST | SAN ANTONIO | TX | 78205 | ACCOUNTING SERVICES | $150,000 |
| PAUL'S JANITORIAL SERVICE | |||||
| 220 LANSDOWN ST | VICTORIA | TX | 77903 | JANITORIAL SERVICE | $149,850 |
| ROBERT E NOLAN INC | |||||
| 92 HOPEMEADOW ST | WEATOGUE | CT | 06089 | CONSULTING SVCS | $151,406 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE ANNUITY PREMIUMS | Desc |
| Business | 524114 | BusinessCd |
| Total Revenue Column | $55,579,604 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $55,579,604 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $55,579,604 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,286,845 | TotalRevenueColumnAmt |
| Exclusion | $48,286,845 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $647,750 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,409,964 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$762,214 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$762,214 | TotalRevenueColumnAmt |
| Exclusion | -$762,214 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $80,650,221 | SecuritiesAmt |
| Other | $39,853 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $78,111,966 | SecuritiesAmt |
| Other | $39,853 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,538,255 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,538,255 | TotalRevenueColumnAmt |
| Exclusion | $2,538,255 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMORTIZATION OF IMR | Desc |
| Business | 524114 | BusinessCd |
| Total Revenue Column | $1,407,276 | TotalRevenueColumnAmt |
| Exclusion | $1,407,276 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,407,276 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $107,049,766 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $55,579,604 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $51,470,162 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,007,322 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,586,654 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,748,891 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,044,667 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $513,524 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $289,679 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,740 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,000 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $709,896 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $607,099 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $336,372 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $810,266 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,886 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,960 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $559,307 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $339,557 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,283 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| INCREASE IN POLICY RSV | $32,127,247 |
| COMMISSIONS | $2,495,050 |
| BRANCH FUNDING | $296,851 |
| FRATERNAL EXPENSES | $135,306 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $309,657 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,558,214 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,987,196 | BOYAmt |
| EOY | $9,154,336 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,701,583 | BOYAmt |
| EOY | $11,246,365 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,640,859 | BOYAmt |
| EOY | $5,672,189 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,787,091 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,449,429 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,000,473 | BOYAmt |
| EOY | $7,337,662 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $937,886,504 | BOYAmt |
| EOY | $980,468,400 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,504,042 | BOYAmt |
| EOY | $5,051,930 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,359 | BOYAmt |
| EOY | $140,099 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $977,867,016 | BOYAmt |
| EOY | $1,019,070,981 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,551,851 | BOYAmt |
| EOY | $1,799,581 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $904,851,368 | BOYAmt |
| EOY | $942,009,259 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $907,403,219 | BOYAmt |
| EOY | $943,808,840 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,463,797 | BOYAmt |
| EOY | $75,262,141 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,463,797 | BOYAmt |
| EOY | $75,262,141 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $977,867,016 | BOYAmt |
| EOY | $1,019,070,981 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $7,491,552 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$2,693,208 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,163,913 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,878,902 | DepreciationAmt |
| Book Value | $7,285,011 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $623,178 | OtherCostOrOtherBasisAmt |
| Depreciation | $570,527 | DepreciationAmt |
| Book Value | $52,651 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $7,337,662 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (10 entries)
| DescDesc | AmtAmt |
|---|---|
| AGGREGATE RESERVES FOR CERTIFICATES | $905,688,718 |
| LIABILITY FOR DEPOSIT-TYPE CONTRACT | $13,213,283 |
| RESERVE FOR CERTIFICATE, CONTRACT | $9,437,090 |
| PREMIUMS RECEIVED IN ADVANCE | $1,038,556 |
| INTEREST MAINTENANCE RESERVE | $4,366,594 |
| AMOUNTS RETAINED AS AGENT OR TRUSTEE | $58,974 |
| LIABILITY FOR BENEFITS FOR EMPLOYEES | $533,017 |
| ASSET VALUATION RESERVE | $4,259,365 |
| OTHER LIABILITIES | $554,401 |
| ADDITIONAL DEFINED BENEFIT LIABILIBTIES | $2,859,261 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $942,009,259 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $103,159,087 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $597,744 | OtherRevenueAmt |
| Revenue Not Reported | $597,744 | RevenueNotReportedAmt |
| Revenue Subtotal | $102,561,343 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $1,950,028 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $2,538,395 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,488,423 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $107,049,766 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $98,205,930 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $597,744 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $597,744 | ExpensesNotReportedAmt |
| Expenses Subtotal | $97,608,186 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $1,950,028 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $1,950,028 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $99,558,214 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE D, PART XI, LINE 2D | ADJUSTMENT FOR INTERCOMPANY RENTAL INCOME 597,744 |
| FORM 990, SCHEDULE D, PART XII, LINE 2D | ADJUSTMENT FOR INTERCOMPANY RENTAL INCOME 597,744 |
| FORM 990, SCHEDULE D, PART XI, LINE 4B | CAPITAL GAINS (LOSSES) TRANSFERRED TO INTEREST MAINTENANCE RESERVE 2,538,395 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| J MICHAEL BELZ | |||||||||||||
| PRESIDENT/CEO | $523,177 | $0 | $0 | $0 | $0 | $131,178 | $0 | $18,198 | $0 | $672,553 | $0 | $0 | $0 |
| THOMAS M PETRI | |||||||||||||
| VP/TREASURER | $181,908 | $0 | $0 | $0 | $0 | $21,365 | $0 | $18,198 | $0 | $221,471 | $0 | $0 | $0 |
| COLLEEN Z BERGER | |||||||||||||
| VP/CONTROLLER | $155,972 | $0 | $0 | $0 | $0 | $18,366 | $0 | $9,627 | $0 | $183,965 | $0 | $0 | $0 |
| RILEY D BEST | |||||||||||||
| VP/DIRECTOR OF AGENCIES | $177,705 | $0 | $0 | $0 | $0 | $20,714 | $0 | $18,198 | $0 | $216,617 | $0 | $0 | $0 |
| FRANK GENTILE | |||||||||||||
| VP/CHIEF UNDERWRITER | $129,124 | $0 | $0 | $0 | $0 | $14,654 | $0 | $7,127 | $0 | $150,905 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE J, PART I, LINE 1A | COMPANION MAY TRAVEL WITH EMPLOYEE TO BUSINESS FUNCTION. COST OF COMPANION IS PAID BY EMPLOYEE UNLESS THERE ARE EVENTS WITHIN THE BUSINESS FUNCTION SUGGESTING THE COMPANION ATTEND. THEN, ONE-HALF OF COST IS PAID BY EMPLOYEE. SOCIAL CLUB DUES ARE PAID FOR USE BY THE PRESIDENT/CEO FOR NETWORKING. DESCRIPTIONS ARE INCLUDED ON THE INVOICE TO IDENTIFY BUSINESS OR PERSONAL USAGE. EXPENSES INCURRED RELATED TO PERSONAL USAGE ARE REIMBURSED BY PRESIDENT/CEO. |
| FORM 990, SCHEDULE J, PART I, LINE 3 | THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE MOST RECENT LOMA (LIFE OFFICE MANAGEMENT ASSOCIATION) EXECUTIVE COMPENSATION SURVEY. INCLUDED IN THIS SURVEY ARE SALARY COMPARISONS OF FRATERNAL BENEFIT SOCIETIES AND OTHER COMPARABLE COMPANIES WITHIN VARIOUS POSITIONS AND COMPANY SIZE. THE COMPENSATION COMMITTEE REVIEWS AND SUBMITS A RECOMMENDATION FOR SALARY AND PERFORMANCE BONUS OF THE PRESIDENT/CEO TO THE BOARD OF DIRECTORS FOR APPROVAL. RECOMMENDATIONS OF COMPENSATION TO BE PAID TO ALL OTHER OFFICERS ARE SUBMITTED BY THE PRESIDENT/CEO TO THE COMPENSATION COMMITTEE FOR THEIR REVIEW AND SUBMISSION TO THE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION RECOMMENDATIONS FOR OFFICERS ARE ALSO BASED ON THE MOST RECENT LOMA EXECUTIVE COMPENSATION SURVEY. COMPENSATION COMMITTEE RECOMMENDATIONS ARE DISCUSSED BY THE ENTIRE BOARD OF DIRECTORS AND ACTIONS TAKEN ARE DOCUMENTED IN BOARD MEETING MINUTES. THESE BOARD MEETING MINUTES ARE KEPT IN THE HOME OFFICE. THE LAST EXECUTIVE COMPENSATION REVIEW WAS PERFORMED JANUARY 2014. |
| FORM 990, SCHEDULE J, PART I, LINE 4B | PRESIDENT/CEO PARTICIPATES IN A SERP. THE AMOUNT FUNDED IN 2013 WAS $73,000. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | AN OUTSIDE FIRM COMPLETES THE CATHOLIC LIFE INSURANCE FORM 990 BASED ON INFORMATION PROVIDED BY THE ACCOUNTING AND INVESTMENT DEPARTMENTS. ONCE COMPLETE, A DETAILED REVIEW OF THE SPECIFIC AMOUNTS WITHIN THE RETURN ARE REVIEWED BY THE CONTROLLER. AN OVERALL REVIEW OF THE RETURN IS PERFORMED BY THE TREASURER. THE PRESIDENT/CEO WILL PERFORM A VERY GENERAL OVERVIEW OF SELECTED PARTS OF THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS THE MOST RECENT LOMA (LIFE OFFICE MANAGEMENT ASSOCIATION) EXECUTIVE COMPENSATION SURVEY. INCLUDED IN THIS SURVEY ARE SALARY COMPARISONS OF FRATERNAL BENEFIT SOCIETIES AND OTHER COMPARABLE COMPANIES WITHIN VARIOUS POSITIONS AND COMPANY SIZE. THE COMPENSATION COMMITTEE REVIEWS AND SUBMITS A RECOMMENDATION FOR SALARY AND PERFORMANCE BONUS OF THE PRESIDENT/CEO TO THE BOARD OF DIRECTORS FOR APPROVAL. RECOMMENDATIONS OF COMPENSATION TO BE PAID TO ALL OTHER OFFICERS ARE SUBMITTED BY THE PRESIDENT/CEO TO THE COMPENSATION COMMITTEE FOR THEIR REVIEW AND SUBMISSION TO THE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION RECOMMENDATIONS FOR OFFICERS ARE ALSO BASED ON THE MOST RECENT LOMA EXECUTIVE COMPENSATION SURVEY. COMPENSATION COMMITTEE RECOMMENDATIONS ARE DISCUSSED BY THE ENTIRE BOARD OF DIRECTORS AND ACTIONS TAKEN ARE DOCUMENTED IN BOARD MEETING MINUTES. THESE BOARD MEETING MINUTES ARE KEPT IN THE HOME OFFICE. THE LAST EXECUTIVE COMPENSATION REVIEW WAS PERFORMED JANUARY 2014. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE HOME OFFICE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | CHANGE IN NET UNREALIZED CAPITAL GAINS/LOSSES 202,205 CHANGE IN NON-ADMITTED ASSETS 139,445 CHANGE IN ASSET VALUATION RESERVE -1,050,393 CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLES -79,304 AGGREGATE WRITE-INS FOR GAINS AND LOSSES IN SURPLUS 633,234 NET REALIZED CAPITAL GAINS TRANSFERRED TO INTEREST MAINTENANCE RSV -2,538,395 ---------------- TOTAL TO FORM 990, PART XI, LINE 5 -2,693,208 |
| FORM 990, PART XII, LINE 1 | THE ORGANIZATION USES THE STATUTORY METHOD OF ACCOUNTING. |
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