Polish Falcons Of America
- Assets
- $40.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Pittsburgh, PA
- Founding
- 12/1940
- Data as of
- 12/2021
- EIN
- 25-0734610
Organization Overview
Polish Falcons Of America is located in Pittsburgh, PA. The organization was established in 1940. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Polish Falcons Of America employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Polish Falcons 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, Polish Falcons Of America generated $6.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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
THE SOCIETY PROVIDES FRATERNAL BENEFITS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOR THE FINANCIAL SECURITY OF OUR MEMBERS BY MEETING OUR CURRENT BENEFIT OBLIGATIONS IN 2021 IN THE AMOUNT OF $1,669,893. THIS INCLUDES DEATH BENEFITS PAID (762,736); ANNUITY BENEFITS (645,964); DISABILITY BENEFITS AND BENEFITS UNDER ACCIDENT AND HEALTH CONTRACTS (149,685); AND MATURED ENDOWMENTS (9,786). IN ADDITION, WE HAVE PROVIDED FOR OUR FUTURE BENEFIT OBLIGATIONS IN THE FORM OF LIFE AND ANNUITY RESERVES, SET FOR THE PROTECTION OF OUR MEMBERS IN THE AMOUNT OF $2,423,046 (NOT INCLUDED IN THE AMOUNT ABOVE).
PROVIDING FOR THE FRATERNAL BENEFITS OF OUR MEMBERS IN THE AMOUNT OF $23,215, WHICH INCLUDE FRATERNAL ACTIVITIES AND OTHER ASSOCIATED COSTS.
PROVIDING SCHOLARSHIP GRANTS TO OUR DESERVING YOUTH MEMBERS IN THE AMOUNT OF $48,600.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Denning Sales Director | 40 | $124,826 | |
Timothy Kuzma Pres&ceo, Director Ex-Offi | OfficerTrustee | 40 | $103,879 |
Ryan Gregg Secretary/treasurer & CFO | OfficerTrustee | 40 | $88,795 |
Patricia Delbusse 1st Vp, Director Ex-Offici | OfficerTrustee | 40 | $60,738 |
Dan Michalak 2nd Vp, Directors Ex-Offic | OfficerTrustee | 10 | $15,017 |
John Kowarik Director | Trustee | 1 | $6,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Bailey & Associates Actuarial Services | 12/30/19 | $245,730 |
Parkway Advisors Investment Advisors | 12/30/19 | $110,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,807 |
| 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 | $170,807 |
| Total Program Service Revenue | $2,814,699 |
| Investment income | $1,732,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,977,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,669,893 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $306,109 |
| Other salaries and wages | $361,313 |
| Pension plan accruals and contributions | $37,179 |
| Other employee benefits | $160,721 |
| Payroll taxes | $50,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,615 |
| Fees for services: Accounting | $208,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,608 |
| Advertising and promotion | $7,183 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,996 |
| Travel | $20,653 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $87,431 |
| Total functional expenses | $5,782,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,317,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,570 |
| 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 | $3,617 |
| Investments—publicly traded securities | $37,238,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,967,429 |
| Total assets | $40,676,015 |
| 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 | $39,250,367 |
| Total liabilities | $39,250,367 |
| 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 | $1,425,648 |
| Total liabilities and net assets/fund balances | $40,676,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Polish Falcons Of America has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
John A And Mary Pollok Yanta Memorial Tr San Antonio, TX PURPOSE: ETHNIC FRATERNAL BENEFIT SOCIETY | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Transportation Union Insurance Association Independence, OH | $229,446,528 | $20,187,973 |
Ladies Of Co Inc Catholic Gahanna, OH | $138,820,359 | $17,769,502 |
Order Of United Commercial Travelers Of America Columbus, OH | $13,051,068 | $16,246,455 |
Slovene National Benefit Society Imperial, PA | $127,585,848 | $17,289,930 |
Ancient Free & Accepted Masons Of Maryland Grand Lodge Cockeysville, MD | $187,202,317 | $9,692,713 |
Alliance Of Transylvania Saxons Of Us Cleveland, OH | $101,451,991 | $9,280,239 |
New Jersey State Policemens Benevolent Association Woodbridge, NJ | $43,741,775 | $9,143,506 |
Serb National Federation Pittsburgh, PA | $50,402,981 | $6,645,334 |
Fraternal Order Of Police Philadelphia, PA | $3,187,559 | $6,876,497 |
Providence Assn Of Ukrainian Catholics Of Amer Philadelphia, PA | $55,075,663 | $6,983,514 |
Health & Welfare Fund Of The Plumbers & Steamfitters Local Canfield, OH | $14,266,542 | $8,803,996 |
Polish Falcons Of America Pittsburgh, PA | $40,676,015 | $5,977,879 |