Croatian Fraternal Union Of America
- Assets
- $510.7m
- Revenue
- $49.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Pittsburgh, PA
- Founding
- 04/1941
- Data as of
- 12/2021
- EIN
- 25-0426430
Organization Overview
Croatian Fraternal Union Of America is located in Pittsburgh, PA. The organization was established in 1941. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Croatian Fraternal Union Of America employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Croatian Fraternal Union Of America is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Croatian Fraternal Union Of America generated $49.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $43.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL SERVICES TO PERSONS OF SLAVIC DESCENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL MEMBERSHIP BENEFIT PROGRAMS, GENERAL/OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward W Pazo National President | OfficerTrustee | 35 | $308,880 |
Bernadette Luketich-Sikaras National Secretary/treasurer | OfficerTrustee | 35 | $229,425 |
Franjo Bertovic Vice-President Member Services | OfficerTrustee | 35 | $216,696 |
Daniel Kochis Board Member | Trustee | 0 | $2,860 |
Catherine Obenour Board Member | Trustee | 0 | $2,638 |
Andrew George Sepich Board Member | Trustee | 0 | $2,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $22,649,589 |
| Investment income | $26,804,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,525,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $37,017,616 |
| Compensation of current officers, directors, key employees. | $771,632 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,392,820 |
| Pension plan accruals and contributions | $700,000 |
| Other employee benefits | $490,221 |
| Payroll taxes | $143,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,670 |
| Fees for services: Accounting | $295,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,297 |
| Office expenses | $77,029 |
| Information technology | $69,767 |
| Royalties | $0 |
| Occupancy | $458,721 |
| Travel | $52,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,050 |
| Insurance | $70,074 |
| All other expenses | $0 |
| Total functional expenses | $43,412,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,797,676 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,261,347 |
| Investments—publicly traded securities | $498,211,683 |
| Investments—other securities | $0 |
| Investments—program-related | $2,915,771 |
| Intangible assets | $0 |
| Other assets | $5,516,361 |
| Total assets | $510,702,838 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $448,268,993 |
| Total liabilities | $448,268,993 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $62,433,845 |
| Total liabilities and net assets/fund balances | $510,702,838 |
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|---|---|---|
Lutheran Immigration And Refugee Service Baltimore, MD | $69,973,896 | $114,665,821 |
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