2024-11-15T10:26:27-06:00 2023-12-31 251031723 H2R CPA 875 GREENTREE RD BLDG 7 STE 1000 PITTSBURGH PA 15220 990 2023-01-01 250522060 GCU GCU 7244953400 5400 TUSCARAWAS ROAD BEAVER PA 15009 TIMOTHY DEMETRES CFO 7244953400 2024-11-11 1 1 LEO A HANNAH P00950147 4123912920 2024-11-11 2023 2024-10-15 13:58:12Z TIMOTHY DEMETRES 5400 TUSCARAWAS ROAD BEAVER PA 15009 630887619 0 X WWW.GCUUSA.COM X FRATERNAL 1893 PA THE MISSION OF GCU (F/K/A THE GREEK CATHOLIC UNION OF THE USA) IS TO PROVIDE FINANCIAL AND FRATERNAL BENEFITS TO ITS MEMBERS AND TO EDUCATE MEMBERS ON GREEK CULTURE AND HERITAGE. 11 11 84 850 0 0 0 0 390540810 370817002 111847511 115272087 296368 325540 502684689 486414629 133900 115300 224371579 396022617 5771010 5920704 0 0 0 258006856 78726537 488283345 480785158 14401344 5629471 2641748390 2704690458 2422264760 2483383786 219483630 221306672 X GCU PROVIDES A FULL RANGE OF ANNUITY AND INSURANCE PRODUCTS TO MEET ITS MEMBERS' FINANCIAL EXPECTATIONS. WITH THE PROFITS GENERATED FROM THOSE SALES, THE SOCIETY PARTICIPATES IN A NUMBER OF COMMUNITY PROJECTS. THESE PROJECTS INCLUDE FUNDRAISING, DONATING TO AND VOLUNTEERING AT HOMELESS SHELTERS, FOOD BANKS, PUBLIC LIBRARIES, DAY CARE CENTERS, SCHOOLS FOR THE BLIND, HOMES FOR PREGNANT TEENS, ETC. IN ADDITION, THE SOCIETY REMAINS A SIGNIFICANT BENEFACTOR TO THE SS. CYRIL & METHODIUS BYZANTINE CATHOLIC SEMINARY LOCATED IN PITTSBURGH, PENNSYLVANIA FOR THE EDUCATION OF THEIR PRIESTS. 0 0 AS OF 12/31/23, THERE WERE 27,357 LIFE INSURANCE POLICIES IN FORCE WITH $371,793,000 OF INSURANCE. THERE WERE ALSO 36,566 ANNUITY CONTRACTS IN FORCE WITH A VALUE OF $2,313,365,000. BOTH LIFE INSURANCE POLICIES AND ANNUITY CONTRACTS SUPPORT OUR MEMBERS AND THE PROFITS THEREFROM SERVE AS THE FOUNDATION FOR OUR COMMUNITY-BASED PROGRAMS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 14111 0 1 84 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X TIMOTHY DEMETRES 7244953400 5400 TUSCARAWAS ROAD BEAVER PA 15009 MELANIE NISKACH BASL DIRECTOR 20.00 X 36716 0 0 GEORGE KOFEL JR DIRECTOR 20.00 X 43566 0 0 JOHN OSLICK DIRECTOR 20.00 X 36716 0 0 GEORGE BATYKO JR DIRECTOR (AS OF 4/1/23) 20.00 X 23836 0 0 MARIA SILVESTRI DIRECTOR (AS OF 4/1/23) 20.00 X 23836 0 0 JOHN URBAN DIRECTOR 20.00 X 36716 0 0 LISA GULIBON DIRECTOR 20.00 X 36716 0 0 GREGORY N VLADIKA DIRECTOR 20.00 X 44328 0 0 MICHAEL KARAFFA DIRECTOR 20.00 X 36716 0 0 DAVID OLEKSA DIRECTOR 20.00 X 36716 0 0 FATHER JOHN KACHUBA DIRECTOR (THRU 2/12/23) 20.00 X 2714 0 0 FATHER VALERIAN MICHLIK DIRECTOR (AS OF 8/1/23) 20.00 X 13774 0 0 REV RICHARD LAMBERT DIRECTOR (AS OF 4/1/23) 20.00 X 10856 0 0 GEORGE N JUBA PRESIDENT/CEO 40.00 X 433107 0 25933 TIMOTHY DEMETRES CFO 40.00 X 330150 0 11136 THEODORE TRBOVICH GENERAL COUNSEL 20.00 X 85636 0 0 SCOTT SCHUETZ EXECUTIVE VP & COO 40.00 X 279170 0 9602 JOHN PETER HARBIST KEY EMPLOYEE 40.00 X 101000 0 25933 WILLIAM SCHULOK KEY EMPLOYEE 40.00 X 155614 0 26902 JEREMY NICHOLS KEY EMPLOYEE 40.00 X 139408 0 26902 JEFFREY ALAN LONG KEY EMPLOYEE 40.00 X 146409 0 25933 BRYAN T O'SHAUGHNESSY KEY EMPLOYEE 40.00 X 151408 0 25933 BASIL WAHAL KEY EMPLOYEE 40.00 X 107029 0 25933 2312137 0 204207 9 0 1 0 AMERICAN SENIOR BENEFITS LLC 12722 S BLACKBOB ROAD OLATHE KS 66062 INDEPENDENT SERVICE/AGENT 1882493 MATTHEW ZAGULA 3660 PENNSYLVANIA AVENUE WEIRTON WV 26062 INDEPENDENT SERVICE/AGENT 1104358 RANDY S BADEN 71 N BALPH AVENUE PITTSBURGH PA 15202 INDEPENDENT SERVICE/AGENT 911112 TYRONE CLARK 10770 E GEDDES AVENUE STE 125 ENGLEWOOD CO 80112 INDEPENDENT SERVICE/AGENT 505819 RONALD ESSARY 6710 W 121ST STREET STE 200 OVERLAND PARK KS 66209 INDEPENDENT SERVICE/AGENT 468450 40 FRATERNAL INSURANCE PREMIUMS AND 524292 368562465 368562465 AMORTIZATION OF INTEREST MAINTENA 524292 1527639 1527639 COMMISSIONS ON REINSURANCE 524292 416453 416453 PENSION PLAN INCOME 524292 310435 310435 VOLUNTARY MEMBERSHIP DUES 524292 10 10 370817002 120090977 120090977 1339537 1051258 288279 288279 288279 138602842 143421732 -4818890 -4818890 -4818890 MISCELLANEOUS INCOME 524292 37261 37261 37261 486414629 486414629 0 0 X 115300 396022617 1557940 3316501 193956 574204 278103 60843 323647 1146381 436145 44779 134749 524100 236846 100969 53021 354176 9735 57081 INCREASE IN CERTIFICATE 53851710 COMMISSIONS, NET OF REI 17360298 PROJECT COSTS 1521782 FRATERNAL ACTIVITIES 1131304 1378971 480785158 15575381 38456736 126717 227646 52702 114536 17542693 2884869 15059190 14657824 2519543176 2544710547 61130236 74730503 30260988 31792666 2641748390 2704690458 4537178 4567002 2417727582 2478816784 2422264760 2483383786 X 0 0 0 0 219483630 221306672 219483630 221306672 2641748390 2704690458 X 5629471 7232407 -11038836 X X 0 1 X 1 0 1461167 1461167 16081526 2884869 13196657 14657824 EMPLOYEE PENSION RESERVE 6711785 RESERVE FOR LIFE CERTIFICATES AND CONTRACTS 2400721371 RESERVE FOR ACCIDENT AND HEALTH CONTRACTS 144869 DEPOSIT TYPE CONTRACTS 28192610 INTEREST MAINTENANCE RESERVE 15134251 ASSET VALUATION RESERVE 27891009 UNEARNED PREMIUMS 20889 2478816784 485384164 1435530 1435530 483948634 2444688 21307 2465995 486414629 479487721 1147251 1147251 478340470 2444688 2444688 480785158 PART XI, LINE 2D - OTHER ADJUSTMENTS: SELF CHARGED RENT 96,000. OTHER INVESTMENT EXPENSES - NOT NETTED FOR 990 PURPOSES (PRESENTATION ONLY) 1,339,537. ROUNDING -7. PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED CAPITAL LOSSES TRANSFERRED TO IMR FOR F/S PURPOSES -266,972. OTHER NET RENTAL INCOME 288,279. PART XII, LINE 2D - OTHER ADJUSTMENTS: OCCUPANCY EXPENSES TO OFFSET SELF-CHARGED RENT 96,000. OTHER INVESTMENT EXPENSES - NOT NETTED FOR 990 PURPOSES (PRESENTATION ONLY) 1,051,258. ROUNDING -7. 0 SCHOLARSHIPS 59 99300 CASH STUDENT DEBT PROGRAM AWARDS 15 16000 CASH PART IV: SUPPLEMENTAL INFORMATION CANDIDATES FOR SCHOLARSHIPS HAVE TO PREQUALIFY AND WRITE AN ESSAY FOR REVIEW BY THE COMMITTEE. SCHOLARSHIPS ARE PAID DIRECTLY TO THE STUDENT AND CAN ONLY BE USED FOR IRS QUALIFIED TUITION AND EDUCATIONAL MATERIALS. THE HIGHEST AMOUNT THAT CAN BE AWARDED TO A RECIPIENT ON AN ANNUAL BASIS IS $2,000. AMOUNTS ARE AWARDED FOR THE RELIEF OF STUDENT DEBT, BASED ON THE NEED OF THE STUDENT, AND HIS/HER HIGH ACADEMIC ACHIEVEMENT. X 1 1 X X 0 0 0 GEORGE N JUBA PRESIDENT/CEO 433107 0 0 0 0 0 0 0 25933 0 459040 0 0 0 TIMOTHY DEMETRES CFO 330150 0 0 0 0 0 0 0 11136 0 341286 0 0 0 SCOTT SCHUETZ EXECUTIVE VP & COO 279170 0 0 0 0 0 0 0 9602 0 288772 0 0 0 WILLIAM SCHULOK KEY EMPLOYEE 155614 0 0 0 0 0 0 0 26902 0 182516 0 0 0 BRYAN T O'SHAUGHNESSY KEY EMPLOYEE 151408 0 0 0 0 0 0 0 25933 0 177341 0 0 0 JEFFREY ALAN LONG KEY EMPLOYEE 146409 0 0 0 0 0 0 0 25933 0 172342 0 0 0 JEREMY NICHOLS KEY EMPLOYEE 139408 0 0 0 0 0 0 0 26902 0 166310 0 0 0 PART I, LINE 1A REPORTED ON FORM 1099-MISC. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP SHALL BE EXTENDED TO ANY PERSON IN ACCORDANCE WITH THE REQUIREMENTS AND LIMITATIONS SET FORTH IN THE CHARTER, THE BY-LAWS, AND THE ACTIONS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT DELEGATES, WHICH ELECT THE BOARD OF DIRECTORS AND OFFICERS AT THE QUADRENNIAL CONVENTION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE DISTRIBUTED TO BOARD MEMBERS PRIOR TO THE EXTENDED DUE DATE OF THE TAX RETURN. THE PARTNER OF THE ACCOUNTING FIRM WILL REVIEW THE FORM 990 AND ANSWER ANY QUESTIONS BOARD MEMBERS MAY HAVE. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE GOVERNANCE COMMITTEE. THE CEO ADVISES ON ANY CONFLICTS DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, GCU WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT GCU'S HOME OFFICE. FORM 990, PART IX, LINE 24E REFUNDS TO MEMBERS 297,160. STATE INSURANCE LICENSING FEES 279,265. POSTAGE 165,617. CREDIT CARD/ BANK CHARGES 137,799. POLICY EXPENSES 87,722. PUBLICATIONS 84,194. HONORARIUM 78,200. TELEPHONE 66,470. DUES 62,395. OFFSITE DR/BC EXPENSES 46,037. INSPECTION REPORT FEES 42,131. EQUIPMENT RENTAL 29,877. DATA PROCESSING 2,104. FORM 990, PART XI, LINE 9: CHANGE IN NON-ADMITTED ASSETS -387,364. NET LOSSES OF SUBSIDIARIES - GCU HOLDING COMPANY, INC. -1,042,493. CHANGE IN ASSET VALUATION RESERVE -9,014,566. REALIZED CAPITAL LOSSES TRANSFERRED TO IMR FOR F/S PURPOSES 266,972. CHANGE IN PENSION ASSET/LIABILITY -861,385. FORM 990, PART XII, LINE 2C: NO CHANGE TO THE AUDIT COMMITTEE IN THE CURRENT YEAR. GCU HOLDING COMPANY INC 5400 TUSCARAWAS ROAD BEAVER PA 15220 251736684 HOLDING COMPANY PA GCU C -1042493 1.00000 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GCU HOLDING COMPANY INC B 4178941 CASH - ACTUAL VALUE GCU HOLDING COMPANY INC D 114536 CASH - ACTUAL VALUE