W S A Fraternal Life
- Assets
- $40.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Westminster, CO
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 84-0350916
Organization Overview
W S A Fraternal Life is located in Westminster, CO. The organization was established in 1982. 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, W S A Fraternal Life employed 6 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. W S A Fraternal Life 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, W S A Fraternal Life generated $2.4m 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 (7.0%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) 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
FRATERNAL BENEFIT SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDERS OF LIFE INSURANCE TO MEMBERS. W.S.A. FRATERNAL LIFE HAS BEEN OPERATED SOLELY FOR THE MUTUAL BENEFIT OF ITS MEMBERS AND THEIR BENEFICIARIES AND NOT FOR PROFIT THROUGH SUBORDINATE LODGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Fuss Pres/ceo | OfficerTrustee | 40 | $151,469 |
Kristina Scribner VP Oper. | Officer | 40 | $140,332 |
Tammy Kanary Controller | 40 | $115,040 | |
John J Hall Asset Admin. | 40 | $113,040 | |
David Skelton It Sys. Admi | 40 | $102,892 | |
Gary Moore Sec/treas | OfficerTrustee | 1 | $20,000 |
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 | $339,006 |
| Investment income | $1,608,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $447,969 |
| 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 | $2,411,043 |
| 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 | $1,671,944 |
| Compensation of current officers, directors, key employees. | $424,668 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,500 |
| Pension plan accruals and contributions | $49,379 |
| Other employee benefits | $23,904 |
| Payroll taxes | $52,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,677 |
| Advertising and promotion | $366 |
| Office expenses | $31,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,683 |
| Travel | $0 |
| 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 | $901 |
| Insurance | $0 |
| All other expenses | $8,758 |
| Total functional expenses | $2,944,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,618,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $29,151 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,568,385 |
| Inventories for sale or use | $649,353 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,767,082 |
| Investments—publicly traded securities | $9,656,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,802 |
| Total assets | $40,518,457 |
| 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 | $35,510,355 |
| Total liabilities | $35,510,355 |
| 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 | $5,008,102 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,518,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hbg Flatiron Inc Broomfield, CO | $11,095,153 | $20,130,998 |
Assured Life Association Greenwood Village, CO | $58,347,375 | $10,289,844 |
W S A Fraternal Life Westminster, CO | $40,518,457 | $2,411,043 |
Scottish Rite Foundation Denver, CO | $37,704,186 | $2,276,777 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Omaha, NE | $7,732,997 | $821,913 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $4,666,676 | $781,201 |
Benevolent & Protective Order Of Elks Of The Usa St George, UT | $892,991 | $554,266 |
Order Of The Eastern Star Of Nebraska Grand Chapter Lincoln, NE | $9,354,059 | $559,109 |
Order Of The Eastern Star Of Arizona Grand Chapter Phoenix, AZ | $19,893,457 | $1,176,295 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $2,126,503 | $538,995 |
Benevolent & Protective Order Of Elks Of The Usa Mesa, AZ | $1,785,336 | $647,208 |
Most Worshipful Grand Lodge Of Af & Am Of Kansas Emporia, KS | $4,523,110 | $854,917 |