Fraternal benefit society - Hermann Sons life's mission is to strengthen community through financial protection and service.

501(c)(8) fraternal beneficiary society; the IRS lists gifts to it as tax-deductible.
$827K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(8)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $1.6M a year · 7% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$827K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $231.1M in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$241.4M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.0M
-16% vs prior year
Spent
$22.9M
Net assets
$6.5M
By yearFY2019–FY2024
Revenue
$19.0M
FY2023▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2019$22.9M
FY2020$22.6M
FY2021$23.7M
FY2022$22.6M
FY2023$19.0M
FY2024$21.2M
Expenses
$22.9M
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2019$22.7M
FY2020$22.7M
FY2021$27.1M
FY2022$24.1M
FY2023$22.9M
FY2024$22.3M
Net assets
$6.5M
FY2023▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2019$19.2M
FY2020$18.8M
FY2021$13.1M
FY2022$8.8M
FY2023$6.5M
FY2024$19.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990; $827K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$166,761Pt VII · Sec A
Vice President of Sales
$141,342Pt VII · Sec A
Vice President Member Bene
$137,807Pt VII · Sec A
VP of Operations and COO
$131,092Pt VII · Sec A
Director of IT
$109,171Pt VII · Sec A
VP of Operations and COO
$106,537Pt VII · Sec A
Director-Chairperson
$6,432Pt VII · Sec A
$5,574Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Robin L Czarnek$175,806$166,761$136,003$88,729——
Eugene Zollinger——$131,321$157,948$148,937$137,001
Samantha J Schulmeier————$129,589$148,961
Mary Pruitt——$142,374$145,529$120,782—
Teresa Saathoff$143,634$141,342$105,587———
Cecily Kelly$140,742$137,807$125,831———
Matthew R Walker———$140,428$125,629$127,918
Samantha Kelley$138,907$131,092$133,833$135,576——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides financial protection and community service to members.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Youth Activities

Two camps available for junior members to attend one week during the summer months for age 9 to 13. Campers participate in variety of fun and challenging activities. The program emphasizes on strong community and developing social interaction skills through activities, group seatings, family-style meals, etc.

Pt IX · col B
02

Hermann Sons Life Retirement Home

Provides independent living community for eligible members over the age of 65. The residents are provided with complete needs of room and board.

Pt IX · col B
03

Insurance Benefit Programs

Fraternal insurance - 62,032 members in 108 fraternal lodges and 66,886 certificates providing death, endowment and annuity benefits.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$19.0M
Ln 12
Investment incomeLn 3$11.2M
Fees for servicesLn 2g$7.7M
Gifts and grantsLn 1h$57K
Money outPt IX
$22.9M
Ln 25
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$247.9M
LiabilitiesLn 26$241.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A12
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$11.2M
Other incomeLn 4–11$31K
Gains on assetsLn 7−$75K
Total revenueLn 12$19.0M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$4.0M
InvestmentsLn 11–13$231.1M
Land, buildings, equipmentLn 10c$4.6M
Other assetsLn 15$3.0M
Total assetsLn 16$247.9M
LiabilitiesLn 26$241.4M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 5252
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.9M$4.0M
InvestmentsLn 11–13$240.4M$231.1M
Land, buildings, equipmentLn 10c$4.0M$4.6M
Total assetsLn 16$255.6M$247.9M
LiabilitiesLn 26$246.9M$241.4M
Net assetsLn 32$8.8M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$14.7M
Pay of current officers, directors and key staffLn 5$720K
Other salaries and wagesLn 7$2.5M
Pension plan contributionsLn 8$119K
Other employee benefitsLn 9$760K
Payroll taxesLn 10$247K
Legal feesLn 11b$153K
Accounting feesLn 11c$194K
Other fees for servicesLn 11g$154K
Advertising and promotionLn 12$144K
Office expensesLn 13$193K
TravelLn 17$34K
Conferences, conventions and meetingsLn 19$95K
Depreciation, depletion and amortizationLn 22$865K
InsuranceLn 23$108K
Other expenses (24a–d)Ln 24$1.8M
All other expensesLn 24e$119K
Total functional expensesLn 25$22.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $21.2M$22.3M−$1.1M$19.7M 990 PDF
FY2023 Viewing $19.0M$22.9M−$3.9M$6.5M 990 PDF
FY2022 $22.6M$24.1M−$1.4M$8.8M 990 PDF
FY2021 $23.7M$27.1M−$3.3M$13.1M 990 PDF
FY2020 $22.6M$22.7M−$123K$18.8M 990 PDF
FY2019 $22.9M$22.7M$272K$19.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $18,960,366 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,478$57,256
I-9 Program service revenuePrior year $9,253,831$7,670,708
I-10 Investment incomePrior year $13,350,655$11,201,010
I-11 Other revenuePrior year $0$31,392
I-12 Total revenuePrior year $22,634,964$18,960,366
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $15,775,447$14,678,603
I-15 Salaries and benefitsPrior year $4,077,887$4,340,764
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,208,565$3,883,711
I-18 Total expensesPrior year $24,061,899$22,903,078
I-19 Revenue less expensesPrior year −$1,426,935−$3,942,712
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,960,366 across 6 lines filed
Lines not itemized here account for $11,276,442 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$57,256
VIII-1h Total contributions, gifts and grants$57,256
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,670,708$7,670,708
VIII-7 Net gain or loss on sales of assetsRelated to mission −$75,432−$75,432
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,392$31,392
VIII-12 Total revenueRelated to mission $18,903,110 · Unrelated business $0 · Excluded from tax $0$18,960,366
Part IX · Statement of functional expenses $22,903,078 across 17 lines filed
IX-4 Benefits paid to or for members$14,678,603
IX-5 Pay of current officers, directors and key staff$720,477
IX-7 Other salaries and wages$2,494,566
IX-8 Pension plan contributions$118,958
IX-9 Other employee benefits$759,600
IX-10 Payroll taxes$247,163
IX-11b Legal fees$152,918
IX-11c Accounting fees$194,482
IX-11g Other fees for services$154,416
IX-12 Advertising and promotion$143,627
IX-13 Office expenses$193,419
IX-17 Travel$34,389
IX-19 Conferences, conventions and meetings$94,717
IX-22 Depreciation, depletion and amortization$865,115
IX-23 Insurance$107,615
IX-24 Other expenses (24a–d)$1,823,650
IX-24e All other expenses$119,363
IX-25 Total functional expenses$22,903,078
Part X · Balance sheet $247,910,938 assets, 12 lines filed
Asset lines not itemized here account for $5,249,393; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,800$1,799
X-2 Savings and temporary cash investmentsStart of year $2,883,257$3,969,260
X-10c Land, buildings and equipment, netStart of year $4,037,326$4,620,499
X-11 Publicly traded securitiesStart of year $234,087,411$225,349,290
X-13 Program-related investmentsStart of year $6,310,507$5,719,927
X-15 Other assetsStart of year $3,017,091$3,000,770
X-16 Total assetsStart of year $255,635,990$247,910,938
X-17 Accounts payable and accrued expensesStart of year $377,069$762,604
X-25 Other liabilitiesStart of year $246,259,704$240,543,337
X-26 Total liabilitiesStart of year $246,876,383$241,433,051
X-32 Total net assets or fund balancesStart of year $8,759,607$6,477,887
X-33 Total liabilities and net assetsStart of year $255,635,990$247,910,938
Part XI · Reconciliation of net assets $6,477,887 net assets at year end
XI-1 Total revenue$18,960,366
XI-2 Total expenses$22,903,078
XI-3 Revenue less expenses−$3,942,712
XI-4 Net assets at start of year$8,759,607
XI-5 Net unrealized gains (losses) on investments$393,732
XI-9 Other changes in net assets$1,267,260
XI-10 Net assets at end of year$6,477,887

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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