2024-11-15T10:34:18-06:00 2023-12-31 251031723 H2R CPA 875 GREENTREE RD BLDG 7 STE 1000 PITTSBURGH PA 15220 990 2023-01-01 250687190 NATIONAL SLOVAK SOCIETY OF THE USA NATI 7247310094 1301 ASHWOOD DRIVE CANONSBURG PA 15317 JOSEPH STEFKA JR PRESIDENT 7247310094 2024-11-12 1 1 JOSEPH M DICKERT P00003048 4123912920 2024-11-12 2023 2024-10-15 13:58:12Z NSS LIFE JOSEPH STEFKA JR 1301 ASHWOOD DRIVE CANONSBURG PA 15317 429499012 0 X WWW.NSSLIFE.ORG X 1890 PA TO PROVIDE OUR FRATERNAL FAMILY MEMBERS' FINANCIAL SECURITY VIA LIFE INSURANCE AND ANNUITY PRODUCTS, WHILE OFFERING CHARITABLE, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT BENEFIT THEM AND THEIR COMMUNITIES. 9 9 33 0 0 0 410245 0 219226285 245599853 83858981 89143862 0 0 303495511 334743715 74725 94260 169242885 266627725 3804276 4586450 0 0 0 112404572 56842011 285526458 328150446 17969053 6593269 1762019273 1806044969 1670124982 1711186545 91894291 94858424 TO PROVIDE OUR FRATERNAL FAMILY MEMBERS' FINANCIAL SECURITY VIA LIFE AND ANNUITY PRODUCTS, WHILE OFFERING CHARITABLE, CULTURAL, SOCIAL, AND EDUCATIONAL OPPORTUNITIES THAT BENEFIT THEM AND THEIR COMMUNITIES. 0 0 328150446 94260 THE PURPOSE OF THE SOCIETY SHALL BE TO OPERATE FOR THE BENEFIT OF ITS MEMBERS AND THEIR BENEFICIARIES BY PROVIDING CONTRACTUAL BENEFITS TO ITS MEMBERS THROUGH LIFE AND ANNUITY PRODUCTS AND OPERATING FOR ONE OR MORE SOCIAL, INTELLECTUAL, EDUCATIONAL, CHARITABLE, BENEVOLANT, FRATERNAL, OR PATRIOTIC PURPOSES FOR THE BENEFIT OF ITS MEMBERS, WHICH MAY ALSO BE EXTENDED TO OTHERS ACQUAINTED WITH ITS MEMBERS. LIFE INSURANCE ACTIVITIES AND BENEFITS (26,212 CERTIFICATES IN FORCE: $659,307,267 AMOUNT OF INSURANCE IN FORCE). 328150446 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 9082 0 1 33 1 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X DONNA TENNEY 8004881890 1301 ASHWOOD DRIVE CANONSBURG PA 15317 ABIGAIL GROSS BOARD MEMBER 2.00 X 34300 0 0 ANDREA GARBON BOARD MEMBER 2.00 X 28500 0 0 ANDREW WESNAK BOARD MEMBER 2.00 X 30500 0 0 KEITH A KUCHERAWY BOARD MEMBER 2.00 X 28650 0 0 LAUREN FOX BOARD MEMBER 2.00 X 31425 0 0 MICHAEL CZARNEY BOARD MEMBER 2.00 X 39350 0 0 ROBERT KATRICAK CHAIRMAN OF THE BOARD 2.00 X 76386 0 0 SUSAN ONDREJCO BOARD MEMBER 5.00 X 44031 0 0 THERESA M ZEMELMAN BOARD MEMBER 2.00 X 28850 0 0 JOSEPH STEFKA JR PRESIDENT 40.00 X 317578 0 74873 LINDA M STROM SECRETARY/TREASURER 40.00 X 260427 0 50923 ALAN BURNS CHIEF INFORMATION OFFICER 40.00 X 205285 0 73118 DONNA TENNEY CONTROLLER 40.00 X 176473 0 49065 GREG FELTON SALES DIRECTOR 40.00 X 220213 0 48894 JEFFREY DE SANTES SALESMAN 40.00 X 237090 0 74954 JOHN G PAYERCHIN HIGHLY COMPENSATED EMPLOYEE 40.00 X 140181 0 16655 JOSEPH ELLIOTT HOME OFFICE SALES 40.00 X 297570 0 66503 LISA SHRIVER ASSISTANT CONTROLLER 40.00 X 159903 0 63162 WILLIAM KNOLL FORMER DIRECTOR 2.00 X 27661 0 0 2384373 0 518147 9 1 1 0 SOLUTIONS 3000 LLC 777 NE 62ND STREET MIAMI FL 33138 SCIENTIFIC & TECHNICAL SERVICES 1347588 AQS ASSET MANAGEMENT 5806 MESA DRIVE SUITE 220 AUSTIN TX 78731 ASSET MANAGER 758821 SCOTT WYATT 5712 CRESTVIEW DR LADY LAKE FL 32159 SALES COMMISSIONS 726218 VANTAGE POINT PRENEED 146 CHANDLER AVENUE JOHNSTOWN PA 15906 SALES COMMISSIONS 577453 DAY INSURANCE AGENCY INC 329 E MAIDEN STREET WASHINGTON PA 15301 INSURANCE BROKER 254050 13 PREMIUM INSURANCE & ANNUITIES 524113 244904409 244904409 AMORTIZATION OF IMR 524292 695444 695444 245599853 88408377 88408377 95490782 94755297 735485 735485 735485 334743715 334743715 0 0 94260 266627725 1045793 2397311 287940 651972 203434 176467 327586 1043131 295352 695706 1998471 155320 16288 46618 66513 INCREASE IN ANNUITY RES 32366043 INCREASE IN LIFE RESERV 11654957 COMMISSIONS 6431258 FRATERNAL-OTHER 1100582 467719 328150446 3619248 2330764 56692971 64784571 3734349 441739 595544 3292610 1558928876 1585523553 142182634 150113471 1762019273 1806044969 2365000 2876720 1667759982 1708309825 1670124982 1711186545 X 91894291 94858424 1762019273 1806044969 X 6593269 338748 -3967884 X X 0 1 X 1 0 X X 0 473673 473673 3260676 441739 2818937 3292610 CONTRACT LOANS 970114 INVESTMENT INCOME DUE AND ACCRUED 18654590 MORTGAGE LOANS 130050075 PREMIUMS EARNED AND UNCOLLECTED 188692 OTHER ASSETS 250000 150113471 AGGREGATE LIFE & ANNUITY RESERVES 1619692000 AMOUNTS RETAINED BY SOCIETY AS AGENT 191810 ASSET VALUATION RESERVE 16080300 DEPOSIT TYPE CONTRACTS 66067814 INTEREST MAINTENANCE RESERVE 4597901 LIFE CONTRACT CLAIMS 500000 REFUNDS DUE AND UNPAID 1180000 1708309825 332533749 83971 83971 332449778 2293937 2293937 334743715 326552729 83975 83975 326468754 1681692 1681692 328150446 PART III, LINE 4: THE SOCIETY OWNS AN ANIMATED WOOD CARVING THAT DEPICTS FOLK LIFE AS IT HAS EXISTED IN SLOVAKIA. THE ANIMATED WOOD CARVING IS CONSIDERED TO BE A NON ADMITTED ASSET AS INDICATED IN NOTE 3 (NON-ADMITTED ASSETS) OF THE NOTES TO THE FINANCIAL STATEMENTS; THUS, IT IS NOT INCLUDED ON FORM 990, PART X (BALANCE SHEET). PART XI, LINE 2D - OTHER ADJUSTMENTS: SELF-CHARGED RENT 83,975. ROUNDING -4. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED CAPITAL GAINS TRANSFERRED TO IMR FOR F/S PURPOSES 612,245. OTHER INVESTMENT EXPENSES - NOT NETTED FOR 990 PURPOSES (PRESENTATION ONLY) 1,681,692. PART XII, LINE 2D - OTHER ADJUSTMENTS: SELF CHARGED RENT 83,975. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER INVESTMENT EXPENSES - NOT NETTED FOR 990 PURPOSES (PRESENTATION ONLY) 1,681,692. SCHEDULE D, PART XI, LINE 2D SELF-CHARGED RENT IS $83,975 SCHEDULE D, PART XII, LINE 2D SELF-CHARGED RENT IS $83,975. 1 PVR SCHOLARSHIP FUND 351 VALLEY BROOK ROAD MCMURRAY PA 153173337 562306640 3 94260 0 BOOK VALUE SCHOLARSHIPS PART I, LINE 2-PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: THE PVR SCHOLARSHIP FUND (PVR) AWARDS SCHOLARSHIPS TO INDIVIDUALS THAT ARE MEMBERS OF THE NATIONAL SLOVAK SOCIETY TO HELP DEFRAY THE COSTS OF POST SECONDARY EDUCATION. THE NATIONAL SLOVAK SOCIETY REVIEWS ALL APPLICATIONS TO ENSURE THAT THE APPLICANTS MEET THE REQUIREMENTS BEFORE THE SCHOLARSHIPS ARE PAID BY THE PVR SCHOLARSHIP FUND. X 1 1 X X X X X 0 0 0 JOSEPH STEFKA JR PRESIDENT 274997 0 12500 0 30081 0 44509 0 30364 0 392451 0 0 0 JOSEPH ELLIOTT HOME OFFICE SALES 53550 0 243707 0 313 0 42695 0 23808 0 364073 0 0 0 JEFFREY DE SANTES SALESMAN 136500 0 99082 0 1508 0 34017 0 40937 0 312044 0 0 0 LINDA M STROM SECRETARY/TREASURER 256956 0 0 0 3471 0 37365 0 13558 0 311350 0 0 0 ALAN BURNS CHIEF INFORMATION OFFICER 196800 0 6000 0 2485 0 29455 0 43663 0 278403 0 0 0 GREG FELTON SALES DIRECTOR 151200 0 6000 0 63013 0 23005 0 25889 0 269107 0 0 0 DONNA TENNEY CONTROLLER 132000 0 7700 0 36773 0 22829 0 26236 0 225538 0 0 0 LISA SHRIVER ASSISTANT CONTROLLER 121000 0 4950 0 33953 0 22247 0 40915 0 223065 0 0 0 JOHN G PAYERCHIN HIGHLY COMPENSATED EMPLOYEE 108000 0 5000 0 27181 0 16299 0 356 0 156836 0 0 0 WILLIAM KNOLL FORMER DIRECTOR 27661 0 0 0 0 0 0 0 0 0 27661 0 0 0 SLAVIA PRINTING EXTENDED FAMILY 325937 PRINTING VENDOR 0 DAVID BLAZEK FORMER PRESIDENT 9624 SALES COMMISSION 0 ERIC RIEPOLE STEPSON OF THE FORMER PRESIDENT (DAVID BLAZEK) 49749 EMPLOYEE WAGES - $35,115PENSION CONTRIBUTION - $3,985BENEFITS CONTRIBUTION - $10,649 0 RYAN STROM SON OF THE SECRETARY/TREASURER 88838 EMPLOYEE WAGES - $68,137BENEFITS CONTRIBUTION - $12,969PENSION CONTRIBUTION - $7,732 0 WILLIAM KNOLL FORMER DIRECTOR 27661 SALES COMMISSION - $27,661 0 THERESA M ZEMELMAN DAUGHTER OF BOARD MEMBER SUSAN M. ONDREJKO 28850 1099 FEES 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT KATRICAK (CHAIRMAN OF THE BOARD) AND MICHAEL CZARNEY (BOARD MEMBER) ARE RELATED. ROBERT KATRICAK IS THE UNCLE OF MICHAEL CZARNEY. FORM 990, PART VI, SECTION A, LINE 6 THE NATIONAL SLOVAK SOCIETY OF THE USA IS ORGANIZED WITH MEMBERS OF THE SOCIETY. FORM 990, PART VI, SECTION A, LINE 7A EACH BRANCH IS ENTITLED TO (1) DELEGATE FOR EVERY GROUP OF (50) ADULT MEMBERS ATTENDING THE QUADRENNIAL CONVENTION TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE DELEGATES APPROVE ANY PROPOSED BYLAW CHANGES AT THE QUADRENNIAL CONVENTION. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 WAS REVIEWED BY THE CHAIRMAN OF THE BOARD, THE PRESIDENT OF THE SOCIETY AND THE SECRETARY/TREASURER OF THE SOCIETY PRIOR TO FILING THE RETURN. THE PARTNER OF THE ACCOUNTING FIRM (H2R CPA) WILL ANSWER ANY QUESTIONS THAT THE BOARD MEMBERS MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY REQUIRES ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES TO SIGN A FORMAL CONFLICT OF INTEREST POLICY. THE AUDIT COMMITTEE REVIEWS THE CONFLICT OF INTEREST STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR THE EXECUTIVE OFFICERS ARE REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. SALARIES, WAGES AND ANY OTHER COMPENSATION FOR THE EXECUTIVE OFFICERS AND DIRECTORS ARE ANALYZED AND REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE'S RECOMMENDATIONS ARE PRESENTED TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS THEN APPROVES THE FINAL SALARIES, WAGES AND ANY OTHER COMPENSATION OF THE EXECUTIVE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE SOCIETY WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT THE SOCIETY'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN NON ADMITTED ASSETS -818,135. CHANGE IN ASSET VALUATION RESERVE -2,537,500. REALIZED CAPITAL GAINS TRANSFERRED TO IMR FOR F/S PURPOSES -612,245. ROUNDING -4. FORM 990, PART XII, LINE #1: AS DESCRIBED IN NOTE 2 TO ITS AUDITED FINANCIAL STATEMENTS, THE SOCIETY PREPARES ITS STATUTORY FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE INSURANCE DEPARTMENT OF THE COMMONWEALTH OF PENNSYLVANIA. FORM 990, PART XII, LINE #2C THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. PVR SCHOLARSHIP FUND 351 VALLEY BROOK RD MCMURRAY PA 15317 562306640 SCHOLARSHIP PA 501(C)(3) PF NATIONAL SLOVAK SOCIETY 0 NSS HERITAGE MUSEUM 351 VALLEY BROOK RD MCMURRAY PA 15317 263648517 MUSEUM PA 501(C)(3) LINE 10 NATIONAL SLOVAK SOCIETY 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 PVR SCHOLARSHIP FUND B 94260 CASH PVR SCHOLARSHIP FUND N 2500 FAIR MARKET VALUE