First Catholic Slovak Union Of The United States & Canada

Organization Overview

First Catholic Slovak Union Of The United States & Canada is located in Independence, OH. The organization was established in 1941. 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, First Catholic Slovak Union Of The United States & Canada employed 28 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. First Catholic Slovak Union Of The United States & Canada 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, First Catholic Slovak Union Of The United States & Canada generated $112.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $109.8m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LIFE INSURANCE AND ANNUITIES AND OTHER FRATERNAL BENEFITS TO MEMBERS OF THIS FRATERNAL UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE LIFE INSURANCE AND ANNUITIES AND OTHER FRATERNAL BENEFITS TO MEMBERS OF THIS FRATERNAL UNION.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew M Rajec
President
$168,183
Kenneth A Arendt
Executive Secretary
$127,315
Gregory Maurer
Chairman Of Auditors
$45,641
Gary J Matta
General Counsel
$43,593
George F Matta
Treasurer - Deceased
$26,061
Kevin Collins
Fraternal Director/vice-President
$23,631

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Endepersis
Actuary/insurance Consultant
$141,402
Pinpoint Computer Systems
Technology/software
$123,524
Aqs Asset Management
Asset Manager
$371,028
View All Vendors

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$92,488,251
Investment income $19,569,570
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $251,997
Net Gain/Loss on Asset Sales -$142,041
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $112,312,488

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