2013-11-13T15:57:23-06:00 2012-12-31 990 2012-01-01 361493430 MODERN WOODMEN OF AMERICA MODE 3097866481 1701 FIRST AVENUE ROCK ISLAND IL 61201 DENIS P PRIOR 3097866481 2013-11-13 false 2012 2016-02-24 21:20:13Z DENIS P PRIOR 1701 1ST AVENUE ROCK ISLAND IL 61201 1727093075 false X WWW.MODERN-WOODMEN.ORG X 1883 IL TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS. 9 3 2356 418159 996386 0 1764152654 1726676389 0 84085 416686 1764236739 1727093075 1057456 1072283 1462441511 1404239109 67807284 80673924 0 0 136639337 147045699 1667945588 1633031015 96291151 94062060 11379654673 12385909151 10114257772 11053379336 1265396901 1332529815 X TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS. false false LIFE INSURANCE PROGRAMS: MODERN WOODMEN OF AMERICA PROVIDES BENEFITS AND SERVICES COVERAGE FOR LIFE, ANNUITY, AND ACCIDENT & HEALTH INSURANCE. (773,401 MEMBERS) FRATERNAL BENEFITS (6,965 BENEFICIARIES) YOUTH COMMUNITY SERVICE PROGRAMS: YOUTH ACTIVITIES AND PROGRAMS (12,363 ACTIVITIES) FRATERNAL CHARACTER (773,401 MEMBERS) false false true false false false false false false true false true true true false false false false false true false false false false false false true true true false false false false false false false false false false false true true true false true 67505 0 true 2356 true true true true OC false false false false false false false false X 9 3 false false false false true false false true true false true true true true true true true true true true true false X DENIS P PRIOR 3097866481 1701 1ST AVENUE ROCK ISLAND IL 61201 WILLIAM KENNETH MASSEY 40.00 X X 1096445 0 1085874 WILLIAM DAVID KELTNER 40.00 X 868106 5354 518702 ALBERT THURMAN HURST 40.00 X 775733 4553 509483 DARCY ANN CALLAS 40.00 X X 584255 0 938599 LARRY LYN SCHREIBER 40.00 X X 509986 0 652771 DENIS PATRICK PRIOR 40.00 X X 462048 0 750795 JERRY FRANKLIN HARBAUGH 5.00 X 53856 0 0 DAVID BRUCE EMRICK 5.00 X 52059 0 0 ROBERT CLARENCE POLLEX 5.00 X 51624 0 0 MICHAEL EDWARD DAU 40.00 X 377282 0 574642 PATRICK JAMES BARNES 40.00 X 346478 0 675918 ROSEMARY COSTELLO 40.00 X 335866 0 643496 GEORGE RAYMOND WORLEY 40.00 X 334726 0 572355 MICHAEL SCOTT ANDREWS 40.00 X 254523 0 348593 PATRICK OMAR SAUNDERS 40.00 X 228560 0 418673 STEPHEN ALAN VANSPEYBROECK 40.00 X 178718 0 360771 THOMAS J HOSMANEK 40.00 X 1153767 5136 541605 JOSEPH A SZTAPKA 40.00 X 640497 14452 288782 DOUGLAS W GRENIER 40.00 X 496647 133566 217737 DANIEL L LAWRENCE 40.00 X 578892 23585 332009 KENNY D JACKSON 40.00 X 559972 10003 313063 GERALD PETER ODEAN X 251138 0 0 NICHOLAS STEPHEN COIN X 176752 0 0 10367930 196649 9743868 288 true true false SE2 5801 SW SIXTH AVENUE TOPEKA KS 66636 VA PRODUCT MGMT 492520 PRUDENTIAL PRIVATE PLACEMENT INV LP GATEWAY CTR 3 18TH FLOOR NEWARK NJ 07102 INVESTMENT MGMT 417023 ROBERT E NOLAN COMPANY MANAGEMENT CONSULTANTS 92 HOPMEADOW ST WEATOGUE CT 06089 MGMT CONSULTING 389629 OFI INSTITUTIONAL DISCOVERY SMALL 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 INVESTMENT MGMT 291518 ERNST & YOUNG 801 GRAND AVENUE SUITE 3000 DES MOINES IA 50309 AUDIT 281800 12 PREMIUMS & OTHER RECEIPTS 524113 1116402164 1116402164 GROSS INVESTMENT INCOME 524113 563592624 563592624 OTHER INCOME 524113 46680128 46680128 PRINTING INCOME 323100 1473 1473 1726676389 CIMARRON PARTNERS LP 900099 157677 157677 TCW TAIWAN SPECIAL OPPOR III 900099 132216 132216 NORTHSTAR MEZZANINE FD PT IV 900099 85149 85149 41644 41644 416686 1727093075 1726674916 418159 528774 543509 1404239109 5638856 32610937 20764967 14453672 7205492 347560 346260 2134073 7003185 1934154 5569567 738613 2683720 1897 3804098 452681 COMMISSIONS 67450724 MISCELLANEOUS EXPENSES 16953609 CAMP ADMIN & ACTIVITIES 13197441 FIELD EXPENSE ALLOWANCE 10206991 14221126 1633031015 0 0 0 2763279 3069248 118942215 48564459 83006337 41512623 44470726 41493714 25349420 26300472 10545121873 11588467234 643007160 678014024 11379654673 12385909151 17675499 15351648 10096582273 11038027688 10114257772 11053379336 X 1265396901 1332529815 1265396901 1332529815 11379654673 12385909151 94062060 42350452 -69279598 X X false true X true false false ADDITIONAL INFORMATION SCHEDULE C, PART IV PART 1-A, LINE 1: MODERN WOODMEN OF AMERICA ESTABLISHED AND MAINTAINS A SEPARATE SEGREGATED FUND (MODERN WOODMEN OF AMERICA POLITICAL ACTION COMMITTEE ("MWA-PAC") 1701 1ST AVENUE ROCK ISLAND, IL 61201 EIN:36-3304409) TO RECEIVE CONTRIBUTIONS AND MAKE EXPENDITURES IN POLITICAL CAMPAIGNS. CONTRIBUTIONS TO THE SEPARATE SEGREGATED FUND ARE MADE VIA AN INDIVIDUAL'S PERSONAL CHECK PAYABLE DIRECTLY TO MWA-PAC. 1150000 195245 1345245 16565182 56183700 37161832 35587050 8912210 4350791 4561419 41493714 BONDS 10137420561 F COMMON STOCKS 523951680 F MORTGAGE LOANS 514733742 C OTHER INVESTED ASSETS 224338494 F CERTIFICATE LOANS 188022757 C PREFERRED STOCK F WARRANTS F 11588467234 SECURITIES LENDING 397868188 SEPARATE ACCOUNTS 157093298 INVESTMENT INCOME DUE & ACCRUED 118821671 AMOUNTS RECOVERABLE FROM REINSURERS 3037006 RECEIVABLE FROM SUBSIDIARIES & AFFIL 843656 UNCOLLECTED PREMIUMS 280426 MISCELLANEOUS ASSETS 49366 RECEIVABLES FOR SECURITIES 20413 678014024 CONTRACT RESERVES 10118820115 SECURITIES LENDING 397868188 ASSET VALUATION RESERVE 200332928 SEPARATE ACCOUNTS 157093298 OTHER LIABILITIES 43304161 LIABILITY FOR BENEFITS FOR EMPLOYEES 41003646 INTEREST MAINTENANCE EXPENSE 21751909 CONTRACT CLAIM LIABILITY 18090369 DRAFTS OUTSTANDING 16334751 PROVISION FOR REFUNDS PAYABLE 15700000 PREMIUMS RECEIVED IN ADVANCE 7728323 11038027688 false CENTRAL AMERICA AND THE CARIBBEAN INVESTING EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTING 50813 50813 true false true true true false ACTIVITIES PER REGION SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARIBBEAN 0 37,840 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 12,973 true AUGUSTANA COLLEGE 639 - 38TH STREET ROCK ISLAND IL 61201 362166962 3 25000 OLD MAIN RENOVATION BETHANY FOR CHILDREN & FAMILIES 1830 - SIXTH AVENUE MOLINE IL 61265 362166973 3 7500 AWARDS CELEBRATION BIG BROTHERSSISTERS 131 WEST 3RD STREET SUITE M-13 DAVENPORT IA 52801 421320908 3 8000 YOUTH MENTORING QUAD CITY CHAMBER OF COMMERCE 622 - 19TH STREET MOLINE IL 61265 362878405 6 30000 1 QC CAMPAIGN LIFE & HEALTH INS FOUNDATION FOR E 1655 NORTH FORT MEYER DRIVE ARLINGTON VA 22209 521904610 6 16500 GENERAL SUPPORT MARTIN LUTHER KING CENTER 630 MARTIN LUTHER KING DRIVE ROCK ISLAND IL 61201 363100490 3 33000 EXPANSION/RENOVATION MIDWEST WRITING CENTER 225 E 2ND STREET DAVENPORT IA 52801 421126078 3 7800 WRITER'S CONFERENCE QUAD CITY ARTS 1715 - 2ND AVENUE ROCK ISLAND IL 61201 363122824 3 8000 SUMMER YOUTH EMPLOYM QUAD CITY BOTANICAL CENTER 2525 - 4TH AVENUE ROCK ISLAND IL 61201 363496537 3 25000 GARDEN EXPANSION UNITED WAY - QC 3247 EAST 35TH STREET CT DAVENPORT IA 52807 362725960 3 61552 GENERAL SUPPORT NEW GROUND THEATRE 2113 EAST 11TH STREET DAVENPORT IA 52803 421519151 3 7500 CAPITAL CAMPAIGN FAMILY RESOURCES 2800 EASTERN AVENUE DAVENPORT IA 52803 420698225 3 25000 GYM RENOVATION PUTNAM MUSEUM 1717 WEST 12TH STREET DAVENPORT IA 52804 420680474 3 7500 GENERAL SUPPORT MARRIAGE & FAMILY COUNSELING SERVIC 1800 - 3RD AVENUE SUITE512 ROCK ISLAND IL 61201 362606683 3 6200 SPANISH FAMILY THERA AMERICAN RED CROSS 1100 RIVER DRIVE MOLINE IL 61265 530196605 3 10000 HURRICANE ISSAC UNITED WAY - QC LEADERSHIP COUNCIL 3247 EAST 35TH STREET CT DAVENPORT IA 52807 362725960 3 25000 YMCA LEARNING CENTER 13 2 SCHOLARSHIPS 262 441625 ORPHAN BENEFITS 37 101884 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, 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. ORGANIZATIONS ELIGIBLE TO RECEIVE CONTRIBUTIONS MUST BE A CHARITY OR 501 (C)3 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 true true X X X false true false WILLIAM KENNETH MASSEY 850418 208500 37527 1076538 9336 2182319 WILLIAM DAVID KELTNER 308910 97968 461228 5354 502874 15828 1386808 5354 ALBERT THURMAN HURST 267642 81458 426633 4553 493655 15828 1285216 4553 DARCY ANN CALLAS 427124 125753 31378 929263 9336 1522854 LARRY LYN SCHREIBER 380960 103950 25076 645099 7672 1162757 DENIS PATRICK PRIOR 353912 87188 20948 743123 7672 1212843 MICHAEL EDWARD DAU 311572 61200 4510 565306 9336 951924 PATRICK JAMES BARNES 286231 56400 3847 671395 4523 1022396 ROSEMARY COSTELLO 277385 55000 3481 638973 4523 979362 GEORGE RAYMOND WORLEY 275391 54985 4350 564683 7672 907081 MICHAEL SCOTT ANDREWS 212312 41001 1210 344070 4523 603116 PATRICK OMAR SAUNDERS 189467 37800 1293 411001 7672 647233 STEPHEN ALAN VANSPEYBROECK 156490 21000 1228 356248 4523 539489 THOMAS J HOSMANEK 99760 1397 1052610 5136 532862 8743 1695372 5136 JOSEPH A SZTAPKA 201413 57873 381211 14452 269235 19547 929279 14452 DOUGLAS W GRENIER 47794 448853 133566 198190 19547 714384 133566 DANIEL L LAWRENCE 181288 47890 349714 23585 323266 8743 910901 23585 KENNY D JACKSON 190233 20663 349076 10003 293516 19547 873035 10003 GERALD PETER ODEAN 251138 251138 251138 NICHOLAS STEPHEN COIN 176752 176752 176752 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 WILLIAM KENNETH MASSEY 0 825,344 0 WILLIAM DAVID KELTNER 0 338,986 0 ALBERT THURMAN HURST 0 340,769 0 DARCY ANN CALLAS 0 504,227 0 LARRY LYN SCHREIBER 0 276,256 0 DENIS PATRICK PRIOR 0 315,726 0 MICHAEL EDWARD DAU 0 154,411 0 PATRICK JAMES BARNES 0 179,517 0 ROSEMARY COSTELLO 0 153,161 0 GEORGE RAYMOND WORLEY 0 134,379 0 THOMAS J. HOSMANEK 0 956,826 0 JOSEPH A. SZTAPKA 0 123,139 0 DOUGLAS W. GRENIER 0 54,916 0 DANIEL L. LAWRENCE 0 134,560 0 KENNY D. JACKSON 0 123,452 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III PART I LINE 4B - VESTING RULES FOR NONQUALIFIED PLAN SUPPLEMENTAL BENEFITS DUE TO LIMITATIONS UNDER THE DEFINED BENEFIT PLAN BECOME AVAILABLE TO EMPLOYEES WHEN THEY ARE ELIGIBLE FOR EARLY OR NORMAL BENEFITS UNDER THE EMPLOYEES' RETIREMENT PLAN. EMPLOYEES MUST BE AT LEAST AGE 55 WITH 10 YEARS OF ACTIVE SERVICE OR AGE 65 WITH 5 YEARS OF ACTIVE SERVICE. THESE SUPPLEMENTAL BENEFITS BECOME 20% VESTED AFTER TWO YEARS OF ACTIVE SERVICE AND GRADUALLY INCREASE TO 100% VESTED AFTER 6 YEARS OF ACTIVE SERVICE. ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D FRATERNAL CHARACTER (773,401 MEMBERS) FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B OTHER COUNTRY CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 THE SOCIETY IS ORGANIZED AS A FRATERNAL BENEFIT SOCIETY WITH MEMBERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B RETURN IS PROVIDED TO GOVERNING BODY FOR FINAL REVIEW AFTER PREPARATION BY ACCOUNTING STAFF AND REVIEW BY CONTROLLER WITH THE ASSISTANCE OF AN EXTERNAL ACCOUNTING FIRM. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C YES - 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 ETHICS. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A REVIEW AND APPROVAL OF COMPENSATION FOR THE PRESIDENT 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 MWA EMPLOYEES. THE BOARD MAY ENGAGE EXTERNAL CONSULTANT RESOURCES TO CONDUCT THE REVIEW AND FORMULATE RECOMMENDATIONS TO THE COMPENSATION COMMITTEE WHEN DEEMED NECESSARY. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B REVIEW AND APPROVAL OF COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OTHER THAN THE PRESIDENT 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 MWA EMPLOYEES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, 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. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 3,804,098 OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 9 CORRECTION OF ERA POSTRETIREMENT BENFIT OBLIGATION 597,605 ERA BEGINNING OF YEAR SURPLUS 3,287,787 CHANGE IN NONADMITTED ASSETS -7,303,261 CHANGE IN ASSET VALUATION RESERVE -42,118,953 CHANGE IN ADDITIONAL MIN PENSION BENEFIT LIABILITY -16,376,000 CHANGE IN ADDITIONAL MIN OTHER BENEFIT LIABILITY -98,000 FRATERNAL BENEFIT RESERVE CHANGE -415,430 CORRECTION OF PRIOR YEAR LIFE RESERVES -6,853,346 CHANGE IN ACCOUNTING METHOD EXPLANATION FORM 990, PAGE 12, PART XII, LINE 1 THE FINANCIAL STATEMENTS AND TAX RETURN ARE PREPARED ON THE BASIS OF ACCOUNTING PRACTICES PERSCRIBED OR PERMITTED BY THE ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION - DIVISION OF INSURANCE (STATUTORY ACCOUNTING PRACTICES) HUDSON CLEAN ENERGY PARTNERS 400 FRANK BURR BOULEVARD SUITE 37 TEANECK NJ 07666 263202466 INVESTING N/A EXCLUDED 6170192 false false OFI INSTITUTIONAL DISCOVERY SMALL C 6803 SOUTH TUCSON WAY CENTENNIAL CO 80112 680577323 INVESTING DE N/A EXCLUDED 3063209 23823625 false false MWABANK 1701 - FIRST AVENUE ROCK ISLAND IL 61201 352189783 FED SAV BK IL NA C CORP 10995512 260361804 1.00000 false MWA FINANCIAL SERVICES 1701 - FIRST AVENUE ROCK ISLAND IL 61201 364420471 BROKR/DEAL IL NA C CORP 7061970 1709307 1.00000 false MWAGIA 1701 - FIRST AVENUE ROCK ISLAND IL 61201 371414457 CONT ADMIN IL MWA FIN SV C CORP 1934963 289322 1.00000 false true true false false false false false false false false false false false true false true true false true MWA FINANCIAL SERVICES A 92745 MWABANK A 77256 MWAGIA A 11610 MWABANK A 22414 MWA FINANCIAL SERVICES B 1000000 HUDSON CLEAN ENERGY PARTNERS B 2415107 K1 MWA FINANCIAL SERVICES P 1868943 MWABANK P 2822872 MWAGIA P 388007 OFI INSTITUTIONAL DISCOVERY SMALL C R 152490 K1 HUDSON CLEAN ENERGY PARTNERS R 383509 K1 MWA FINANCIAL SERVICES A 92745 MWABANK A 77256 MWAGIA A 11610 MWABANK A 22414 MWA FINANCIAL SERVICES B 1000000 HUDSON CLEAN ENERGY PARTNERS B 2415107 K1 MWA FINANCIAL SERVICES P 1868943 MWABANK P 2822872 MWAGIA P 388007 OFI INSTITUTIONAL DISCOVERY SMALL C R 152490 K1 HUDSON CLEAN ENERGY PARTNERS R 383509 K1