TRUSTED FRATERNAL LIFE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- TRUSTED FRATERNAL LIFE (EIN 39-0201015)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-10-02
- IRS object ID
- 201242839349300509
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-10-02T15:48:38-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390201015 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CATHOLIC FINANCIAL LIFE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CATH | NameControl |
| Phone | 4142736266 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 W Wells Street | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 532332316 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey Tilley | Name |
| Title | Chief Financial Officer | Title |
| Phone | 4142736266 | Phone |
| Date Signed | 2012-10-02 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Jeffrey B Tilley | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 W Wells St | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 53233 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 307045752 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Group Exemption Number | 0507 | GroupExemptionNumber |
| Organization501c | X | Organization501c |
| Web Site | www.catholicfinanciallife.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1885 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | Catholic Financial Life, a faith-based membership organization, puts Catholic values in action by serving God through serving others, providing financial security and enhancing quality of life. The Society offers individual life insurance and annuity products through a network of Financial Advisors. Members also have access to fraternal benefits that include child cancer and orphan benefits, will preparation benefit and social activities through the chapter system. The Society is committed to hosting and supporting fraternal activities and community outreach. In 2011, members volunteered over 72,000 hours of service valued at over $1,571,909 to extend their hand to help others in need. Over $1.5 million in contributions were raised through the Society's efforts to promote Catholic education, Diocesan programs, civic causes and more. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 19 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 275 | TotalNbrEmployees |
| Total Nbr Volunteers | 14000 | TotalNbrVolunteers |
| Total Gross UBI | 1155 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5570 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 5900 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 101941228 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 96336162 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 51452338 | InvestmentIncomePriorYear |
| Investment Income Current Year | 54248412 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1292325 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2666450 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 154691461 | TotalRevenuePriorYear |
| Total Revenue Current Year | 153256924 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1309693 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 975074 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 135845260 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 126551419 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12143188 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9771844 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 17358325 | OtherExpensePriorYear |
| Other Expenses Current Year | 13850738 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 166656466 | TotalExpensesPriorYear |
| Total Expenses Current Year | 151149075 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -11965005 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2107849 | RevenuesLessExpensesCY |
| Total Assets BOY | 1196641433 | TotalAssetsBOY |
| Total Assets EOY | 1242691239 | TotalAssetsEOY |
| Total Liabilities BOY | 1170541484 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1214740621 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 26099949 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 27950618 | NetAssetsOrFundBalancesEOY |
| Mission Description | Catholic Financial Life, a faith-based membership organization, puts Catholic values in action by serving God through serving others, providing financial security and enhancing quality of life. The Society exists to benefit the members of the Society and their beneficiaries. The Society is proud to be a membership organization that has served its members for more than 125 years. The Society's Articles of Incorporation state that it exists to provide assistance to its members, unite its members fraternally for social, religious, benevolent and intellectual improvement and to engage in the insurance business and in any other business reasonably incidental to the insurance business for the benefit of its members and their beneficiaries. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 150319388 | Expense |
| Grants | 0 | Grants |
| Revenue | 153249868 | Revenue |
| Description | Financial Security: The Society operates to provide its members long term financial security through the offering of individual life insurance and annuity products. Members are served by a network of Financial Advisors that provide financial planning, estate planning and other financial services. Each member has access to their financial products and information through their own Financial Service Advisors and/or Home Office Member Services Representative. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 828532 | Expense |
| Grants | 0 | Grants |
| Revenue | 5900 | Revenue |
| Description | Fraternal Benefits & Community Outreach: The Society exists to benefit its members and community in non-financial ways. This includes faith based education, fraternal social events and community outreach. The Society is committed to provide fraternal benefits including child cancer and orphan benefits, will preparation benefit and the coordination and support of community service. In addition to monetary contributions over 72,000 hours of service were donated to support various Diocesan and community programs and events in 2011 valued at more than $1,571,909. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 151147920 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 35095 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 275 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 0 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 19 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Jeffrey B Tilley | NamePerson |
| Telephone Number | 4142736266 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 W Wells Street | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 532332316 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (37 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Alphonse Raymond Auclair | ||||||||
| Board member | 3 | X | 9500 | 0 | 0 | |||
| Mary E Baker | ||||||||
| Board member | 3 | X | 10000 | 0 | 0 | |||
| Mary Bowser | ||||||||
| Board member | 3 | X | 10100 | 0 | 0 | |||
| Carla Breunig | ||||||||
| Board member | 3 | X | 9950 | 0 | 0 | |||
| Robert N Dippold | ||||||||
| Board member | 3 | X | 9900 | 0 | 0 | |||
| William Dreyer | ||||||||
| Board member | 3 | X | 10350 | 0 | 0 | |||
| Mildred Jandrin | ||||||||
| Board member | 3 | X | 9800 | 0 | 0 | |||
| Phyllis A John | ||||||||
| Board member | 4 | X | 12600 | 0 | 0 | |||
| Dennis Kabat | ||||||||
| Board member | 3 | X | 9800 | 0 | 0 | |||
| John F Kenawell | ||||||||
| Board member | 3 | X | 12000 | 0 | 0 | |||
| Donald Layden | ||||||||
| Board member | 3 | X | 7950 | 0 | 0 | |||
| Archbishop Jerome Listecki | ||||||||
| Board member | 1 | X | 8500 | 0 | 0 | |||
| Patrick Murphy | ||||||||
| Board member | 4 | X | 11750 | 0 | 0 | |||
| Paul Pinsonnault | ||||||||
| Board member | 3 | X | 9900 | 0 | 0 | |||
| Chuck Rebek | ||||||||
| Board member | 3 | X | 9500 | 0 | 0 | |||
| Janet A Stelken | ||||||||
| Board member | 4 | X | 11250 | 0 | 0 | |||
| Thomas W VanHimbergen | ||||||||
| Board member | 5 | X | 17900 | 0 | 0 | |||
| Arthur W Wigchers | ||||||||
| Board member | 5 | X | 12600 | 0 | 0 | |||
| William O'Toole | ||||||||
| President & CEO | 45 | 262971 | 0 | 35053 | X | |||
| Allan G Lorge | ||||||||
| Secretary/Treasurer, Executive VP | 45 | 206546 | 0 | 28514 | X | |||
| Lee Berg | ||||||||
| VP Marketing | 45 | 96532 | 0 | 24568 | X | |||
| John Borgen | ||||||||
| VP Fraternal and Member Services | 45 | 98078 | 0 | 17620 | X | |||
| Rogelio Cabral | ||||||||
| VP Sales | 45 | 116640 | 0 | 26534 | X | |||
| John Callen | ||||||||
| Investment Officer | 45 | 53635 | 0 | 10902 | X | |||
| Joseph E Gadbois | ||||||||
| VP Fraternal Outreach | 45 | 97174 | 0 | 14849 | X | |||
| Kim Ingram | ||||||||
| VP Membership Development | 45 | 88935 | 0 | 25052 | X | |||
| Dan Lloyd | ||||||||
| Regional Sales Manager and former Officer | 45 | 115185 | 0 | 24162 | X | X | ||
| Fred Muenkel | ||||||||
| VP Insurance Services | 45 | 143726 | 0 | 24443 | X | |||
| Kerry Riemer | ||||||||
| Controller | 45 | 107079 | 0 | 25115 | X | |||
| Dan Strasburg | ||||||||
| VP and Chief Actuary | 45 | 177751 | 0 | 29714 | X | |||
| Jeffrey B Tilley | ||||||||
| VP and Chief Financial Officer | 45 | 119875 | 0 | 26752 | X | |||
| Glen Unold | ||||||||
| VP Information Services | 45 | 139463 | 0 | 5574 | X | |||
| Ish Cardenas | ||||||||
| Regional Sales Manager | 0 | 126274 | 0 | 3955 | X | |||
| Paul Hill | ||||||||
| Regional Sales Manager | 0 | 172299 | 0 | 27256 | X | |||
| Jeff Long | ||||||||
| Regional Sales Manager | 0 | 156655 | 0 | 27583 | X | |||
| James Schaefer | ||||||||
| Regional Sales Manager | 0 | 206798 | 0 | 31401 | X | |||
| Mike Soczka | ||||||||
| Regional Sales Manager | 0 | 159200 | 0 | 11532 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2838166 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 420579 | TotalOtherCompensation |
| Number Individuals GT100 K | 13 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Wellington Management Company LLC | |||||
| 280 Congress St | Boston | MA | 02210 | Investment management | 719614 |
| Klein William | |||||
| 590 Grand Canyon Drive | Madison | WI | 53719 | Sales representative | 306918 |
| Augustine John | |||||
| W248 S6115 Deerfield Cr | Waukesha | WI | 53189 | Sales representative | 287127 |
| Piette James | |||||
| 200 S Washington Suite 300 | Green Bay | WI | 54301 | Sales representative | 279884 |
| Sells Printing Company LLC | |||||
| PO Box 1170 | Milwaukee | WI | 53201 | Printing services | 208576 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 5900 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 0 | GovernmentGrants |
| All Other Contributions | 0 | AllOtherContributions |
| Noncash Contributions | 0 | NoncashContributions |
| Total Contributions | 5900 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Premium income | Description |
| Business Code | 524113 | BusinessCode |
| Total Revenue Column | 96336162 | TotalRevenueColumn |
| Related Or Exempt Function Income | 96336162 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 96336162 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 63856026 | TotalRevenueColumn |
| Related Or Exempt Function Income | 63856026 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2333226 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1486070 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 847156 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 847156 | TotalRevenueColumn |
| Related Or Exempt Function Income | 847156 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 142143979 | Securities |
| Other | 551165 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 151680393 | Securities |
| Other | 622365 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -9536414 | Securities |
| Other | -71200 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -9607614 | TotalRevenueColumn |
| Related Or Exempt Function Income | -9607614 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Net allocated investment expense | 524113 | 1808418 | 1808418 | 0 | $0 |
| Miscellaneous income | 524113 | 10876 | 9721 | 1155 | $0 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1819294 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 153256924 | TotalRevenueColumn |
| Related Or Exempt Function Income | 153249869 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1155 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 975074 | Total |
| Program Services | 975074 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126551419 | Total |
| Program Services | 126551419 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6637420 | Total |
| Program Services | 6637420 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1 | Total |
| Program Services | 1 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1238628 | Total |
| Program Services | 1238628 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 975028 | Total |
| Program Services | 975028 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 920767 | Total |
| Program Services | 920767 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 174356 | Total |
| Program Services | 174356 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157769 | Total |
| Program Services | 157769 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 557016 | Total |
| Program Services | 557016 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 337261 | Total |
| Program Services | 337261 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150872 | Total |
| Program Services | 150872 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 127507 | Total |
| Program Services | 127507 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1161448 | Total |
| Program Services | 1161448 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 285782 | Total |
| Program Services | 285782 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 323312 | Total |
| Program Services | 323312 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287070 | Total |
| Program Services | 287070 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385053 | Total |
| Program Services | 385053 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141848 | Total |
| Program Services | 141848 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Commissions | 5004435 | 5004435 | 0 | 0 |
| Field representatives expenses | 1648051 | 1648051 | 0 | 0 |
| Printing, publications, postage & telephone | 768018 | 768018 | 0 | 0 |
| Other | 2340940 | 2339785 | 1155 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151149075 | Total |
| Program Services | 151147920 | ProgramServices |
| Management And General | 1155 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -2022023 | BOY |
| EOY | 3907489 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 18336894 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12137734 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6574811 | BOY |
| EOY | 6199160 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1027133251 | BOY |
| EOY | 1035657942 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92620387 | BOY |
| EOY | 143222719 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58887263 | BOY |
| EOY | 41139862 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13447744 | BOY |
| EOY | 12564067 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1196641433 | BOY |
| EOY | 1242691239 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4391308 | BOY |
| EOY | 4094054 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1166150176 | BOY |
| EOY | 1210646567 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1170541484 | BOY |
| EOY | 1214740621 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26099949 | BOY |
| EOY | 27950618 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26099949 | BOY |
| EOY | 27950618 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1196641433 | BOY |
| EOY | 1242691239 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2107849 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -257180 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 0 | RevenuesIncluded |
| Assets In Part X | 0 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Book Value | 0 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 10027060 | OtherCostOrOtherBasis |
| Depreciation | 5462197 | Depreciation |
| Book Value | 4564863 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 6176893 | OtherCostOrOtherBasis |
| Depreciation | 4714211 | Depreciation |
| Book Value | 1462682 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 2132941 | OtherCostOrOtherBasis |
| Depreciation | 1961326 | Depreciation |
| Book Value | 171615 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 6199160 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Private commercial loans | 53827607 | C |
| Private placement bonds | 85619806 | C |
| Private equity holding | 607886 | F |
| Other private holdings | 3167420 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 143222719 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Policy and claim reserves | $1,190,113,978 |
| Minimum pension liability | $7,997,927 |
| Asset valuation reserve | $5,530,734 |
| Refunds payable | $2,671,129 |
| Advance premiums | $2,077,007 |
| Interest maintenance reserve | $1,732,000 |
| Other miscellaneus liabilities | $523,792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1210646567 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P03_S00_L01 | Schedule D, Part III, Line 1 | The Society considers all works of art and historical exhibits to be non-admitted assets as defined by the guidance within the National Association of Insurance Commissioner's Accounting Practices & Procedures Manual. These assets are accordingly excluded from the Society's balance sheet. |
| SchD_P03_S00_L04 | Schedule D, Part III, Line 4 | The Society has an extensive collection of historical items. The items are display throughout the Society's home office for viewing by associates, members and the general public. The Society maintains these items with utmost care to ensure they are available for future generations. |
| SchD_P06_S00_L01a | Schedule D, Part VI, Line 1a | Amounts are aggregated for the Society's land and buildings on Schedule D, Part VI, line b. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (7 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| Match Fund Program: Through this program our chapters and members conduct fundraisers to benefit individuals, families, communities, religious and charitable organizations. Catholic Financial Life matches up to $1,000 for each fundraiser conducted by our local chapters. Our chapters work independently or partner with local organizations to conduct fundraising activities. A total of 194 chapters out of 199 throughout the United States (132 of which are in Wisconsin) conducted 647 fundraisers in 2011. In 2011, $956,890 was raised by chapters, $356,272 was matched by the Home Office for a total of $1,313,162. | 15000 | 356272 | 0 | Cash | The number of recipients cannot be determined so an estimate is used. |
| Direct charitable outreach: Catholic Financial Life embodies Catholic values in action. In 2011 our chapters and the Home Office donated funds in support of our local communities and dioceses through direct donations. In 2011, $51,678 was donated by chapters and $195,731 was donated by the Home Office for a total of $247,409. While the number of recipients are not accumulated on an individual basis, the Society annually audits a sample of its local chapters. | 0 | 247409 | 0 | Cash | |
| Educational benefits: Grade school scholarships. Members attending Catholic elementary schools are eligible for annually renewable scholarships. | 470 | 94000 | 0 | Cash | |
| Spiritual benefits: Catholic Financial Life values the spiritual growth of its members. To foster and recognize this growth, several spiritual benefits are granted to members. 1. Baptismal certificates, 2. Commemorative prayer book for celebrating the Sacrament of First Holy Communion, 3. Up to $100 for those who participate in a retreat for the Sacrament of Confirmation or for spiritual growth and 4. Up to $100 towards the cost of attending a Catholic summer camp. | 290 | 23322 | 0 | Cash | |
| Financial benefits: Estate planning, Prenatal Benefit, Newborn Protection Benefit, Guaranteed Protection Benefit, Orphan's Benefit and Child Cancer Benefit | 129 | 37250 | 0 | Cash | |
| Wellness benefits / Prescription Savings: Prescription savings on brand name and generic medications, vision care, hearing care, diabetes care and supplies and daily living products. Free Medic alert membership for qualifying members for the first year. Free apartment (Family Care Suite) for members or families of members who are hospitalized in the Milwaukee area. | 36 | 1830 | 78765 | Cash | 4,724 prescriptions with a value of $78,765 as reported by the benefit adminstrator. |
| Member recognition program: Members are honored for longevity of membership with Catholic Financial Life. 50 year members are eligible to receive a gold rosary and 75 year members are eligible to receive a statue of the Immaculate Conception. Number of recipients not tracked on an individual basis. | 0 | 41362 | 0 | Cash |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | Matching funds grants are made to chapters for charitable fundraising programs which local chapters decide to support in accordance with the Matching Funds Program Policy. Elementary school tuition grants are made in accordance with a written corporate policy and are paid directly to the named educational institution or service provider. Member loyalty awards are based upon years of membership. All other contributions and grants are made by a Charitable Contributions Committee comprised of the Society's President/CEO, Secretary/Treasurer, CFO and the Fraternal Vice President. Additionally, the Society provides funding to the Catholic Financial Life Foundation for high school and college scholarships which is reported as a fraternal expense in the year of the funding to the foundation. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| William O'Toole | |||||||||||||
| 231214 | 0 | 18000 | 0 | 13758 | 0 | 16818 | 0 | 18236 | 0 | 298026 | 0 | 0 | 0 |
| Allan G Lorge | |||||||||||||
| 191978 | 0 | 13500 | 0 | 1068 | 0 | 14384 | 0 | 14130 | 0 | 235060 | 0 | 0 | 0 |
| Dan Strasburg | |||||||||||||
| 165951 | 0 | 9600 | 0 | 2200 | 0 | 12479 | 0 | 17235 | 0 | 207465 | 0 | 0 | 0 |
| Fred Muenkel | |||||||||||||
| 135542 | 0 | 8100 | 0 | 84 | 0 | 10314 | 0 | 14129 | 0 | 168169 | 0 | 0 | 0 |
| Dan Lloyd | |||||||||||||
| 80000 | 0 | 35185 | 0 | 0 | 0 | 6793 | 0 | 17369 | 0 | 139347 | 0 | 0 | 0 |
| Paul Hill | |||||||||||||
| 40000 | 0 | 132299 | 0 | 0 | 0 | 12231 | 0 | 15026 | 0 | 199556 | 0 | 0 | 0 |
| Jeff Long | |||||||||||||
| 40000 | 0 | 116655 | 0 | 0 | 0 | 10213 | 0 | 17370 | 0 | 184238 | 0 | 0 | 0 |
| James Schaefer | |||||||||||||
| 40000 | 0 | 166798 | 0 | 0 | 0 | 14031 | 0 | 17370 | 0 | 238199 | 0 | 0 | 0 |
| Mike Soczka | |||||||||||||
| 40000 | 0 | 118402 | 0 | 798 | 0 | 11052 | 0 | 480 | 0 | 170732 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L01a | Schedule J, Part I, Line 1a | The Society directly pays for social and health club dues for the President and Executive Vice President as those facilities are used for the Society's business purposes. Spouse travel costs are paid directly by the Society in those instances where spouse attendance is considered a normal business practice for the specific event. All club dues and spousal attendance events are reported to and reviewed by the Compensation Committee of the Board of Directors. |
| SchJ_P01_S00_L03 | Schedule J, Part I, Line 3 | All officer positions are compared to market averages for like positions from an independent national survey of 20 to 30 organizations of the same size as the Society. All top officer salaries are reviewed with the Executive Committee of the Board of Directors. The Executive Committee of the Board of Directors completes an annual written evaluation of the President from all Directors. Considering this performance evaluation and industry average compensation survey data, the Executive Committee recommends the President's compensation for full Board of Directors action. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P04_S00_L10 | Form 990, Part IV, Line 10 | In prior years, the Society has donated funds to the Catholic Financial Life Foundation, a related party identified on Schedule R. These funds are Board designated and are not temporarily or permanently restricted. A Form 990 will be filed separately for the Catholic Financial Life Foundation for 2011. |
| F990_P05_S00_L03b | Form 990, Part V, Line 3b | The Society's Form 990T will be filed separately by November 15, 2012. |
| F990_P06_S0A_L04 | Form 990, Part VI, Section A, Line 4 | The Society approved amended Bylaws on July 15 2011. The most significant changes were made in the areas of delegate representation, Board of Directors qualifications, the appointment process for the Society's president and small mergers. Complete copies of the amended bylaws are available upon request. |
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | Catholic Financial Life is a fraternal benefit society operated under a mutual form owned by its members who own financial products. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | Members of the Society's local chapters elect delegates to represent them at the triennial convention. Those delegates then elect the majority of the Board of Directors at the triennial convention. The Board of Directors meets, at a minimum, quarterly. |
| F990_P06_S0A_L07b | Form 990, Part VI, Section A, Line 7b | In the case of a merger with another fraternal with more than 10,000 members or more than $50 million of assets, the Society's delegates are required to vote on and approve the merger and/or Bylaw changes as previously approved by the Society's Board of Directors. |
| F990_P06_S0B_L11b | Form 990, Part VI, Section B, Line 11b | The Form 990 is reviewed by select officers of the Society for accuracy and completeness. The return is then reviewed by the Governance and Audit Committees of the Board of Directors before filing. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Annually all officers and directors are provided a copy of the Society's Code of Ethics (which includes conflict of interest policies) and they are required to certify they have read the Code, have no conflicts of interest and have not violated the Code. The Secretary/Treasurer reviews all signed certified copies. The Board of Directors also completes an annual self evaluation process. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | All officer positions are compared to market averages for like positions from an independent national survey of 20 to 30 organizations of the same size as the Society. All top officer salaries are reviewed with the Executive Committee of the Board of Directors. The Executive Committee of the Board of Directors completes an annual written evaluation of the President from all Directors. Considering this performance evaluation and industry average compensation survey data, the Executive Committee recommends the President's compensation for full Board of Directors action. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | Governing documents and financial statements of the Society are available upon request. All members are provided a summary annual financial statement in the Society's membership magazine. Approved Bylaw changes are also reported to all members in the membership magazine. Delegates to the Society's triennial conventions receive complete copies of the Bylaws each time the convention convenes. |
| F990_P08_S00_L01a | Form 990, Part VIII, Line 1a | All revenues are regarded as being from activities substantially related to the organization's exempt purpose and therefore, included in column (B), Related or exempt function revenue. Immaterial unrelated business income of $1,155 is included for the Society's non-member sales agency. Expenses for the same amount are reported resulting in no impact on net income. |
| F990_P09_S00_L01 | Form 990, Part IX, Line 1 | All expenses are regarded as being from activities substantially related to the organization's exempt purpose and therefore, included in column (B), Related or exempt function revenue. Immaterial unrelated business expense of $1,155 is included for the Society's non-member sales agency. Revenues for the same amount are reported resulting in no impact on net income. |
| F990_P11_S00_L05 | Form 990, Part XI, Line 5 | 1. $-258,368 change in unrealized gains and losses, 2. $-915,485 change in non-admitted assets, 3. $-133,865 change in Asset Valuation Reserve, 4. $-1,852,892 change in minimum pension liability, 5. $2,638,507 change in surplus as a result of reinsurance, 6. $264,924 St. Joseph Benevolent Society net asset transfer. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic Family Financial Services LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 W Wells St | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 53233 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201679014 | EIN |
| Primary Activities | Insurance agency for non members | PrimaryActivities |
| Legal Domicile State | WI | LegalDomicileState |
| Total Income | 1155 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic Financial Life | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic Financial Life Foundation Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 W Wells St | AddressLine1 |
| City | Milwaukee | City |
| State | WI | State |
| ZIP Code | 53233 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204780760 | EIN |
| Primary Activities | Religious and educational scholarships | PrimaryActivities |
| Legal Domicile State | WI | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Public Charity Status | 9 | PublicCharityStatus |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Catholic Knights Financial Services Inc | |||||||||||
| 1100 W Wells Street | Milwaukee | WI | 53233 | 391796482 | Holding company | WI | N/A | C | 180411 | 607886 | 1 |
| Catholic Financial Services Corp | |||||||||||
| 1100 W Wells Street | Milwaukee | WI | 53233 | 391796176 | Securities brokerage | WI | N/A | C | 0 | ||
| Catholic Brokerage Services Corp | |||||||||||
| 1100 W Wells Street | Milwaukee | WI | 53233 | 391807368 | Supplemental brokerage services | WI | N/A | C | 0 | ||
| Catholic Family Financial Services LLC | |||||||||||
| 1100 W Wells Street | Milwaukee | WI | 53233 | 201679014 | Supplemental brokerage services | WI | N/A | C | 1 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Catholic Financial Services Corp | ||
| a-iv | 25170 | Cash |
| Catholic Knights Financial Services Inc | ||
| b | 100000 | Cash |
| Catholic Financial Services Corp | ||
| i | 1633 | Cash |
| Catholic Financial Life Foundation Inc | ||
| n | 25000 | Estimated hours expended by Society employees |
| Catholic Financial Services Corp | ||
| p | 106105 | Cash |
| Catholic Brokerage Services Corp | ||
| p | 21600 | Cash |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Catholic Financial Life filed a Form 8868, Extension of Time to File an Exempt Organization Return, by the original due date of May 15, 2012 and was granted an extension until August 15, 2012. | Explanation |
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