2024-11-14T18:03:12-05:00 2023-12-31 990 2023-01-01 250734610 POLISH FALCONS OF AMERICA % Timothy Kuzma POLI 4129222244 1016 GREENTREE SUITE 201 GREEN TREE PA 152203125 Ryan Gregg Secretary Treasurer & CFO 2024-11-14 2023 2024-10-15 13:58:12Z Timothy Kuzma 1016 Greentree Suite 201 GREEN TREE PA 152203125 16115217 false X www.polishfalcons.org X 1926 PA Polish Falcons of America is a Member-driven not-for-profit that gives back to Member communities while providing an opportunity to improve overall well-being through financial services social connectivity events and programs and benefits to support Member needs. 11 8 13 50 0 0 99976 92216 3003218 2379603 2051097 1176735 -1242140 70609 3912151 3719163 42350 51569 2411879 1493991 963209 1015634 0 0 0 840134 1698787 4257572 4259981 -345421 -540818 41484980 28261086 38511483 25865449 2973497 2395637 Polish Falcons of America is a Member-driven not-for-profit that gives back to Member communities while providing an opportunity to improve overall well-being through financial services social connectivity events and programs and benefits to support Member needs. false false 1493991 0 0 The organization provides financial security to our members by meeting our current benefit obligations which amounted to $1,493,991 net of reinsurance in 2023. These benefits include death benefits paid of $242,825 annuity benefits of $868,482 cash surrenders of $46,343 Medicare supplement benefits of $273,545 and matured endowments of $62,796. The organization reserves additional funding in compliance with NAIC and statutory law. 52771 0 0 PFA offers various programs to allow members to achieve the organizations motto of A Healthy Spirit in a Healthy Body. Younger members had access to National Camp Future Leaders of America Conference and a National Volleyball Tournament. Adult events included National Bowling National Golf National Volleyball and a National Walking program. 51569 0 0 The organization provides scholarship grants to deserving members selected by the Scholarship Committee on an annual basis. 0 0 0 1598331 false false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 1043 0 true 13 true false false false false false false false 0 false false false false false false false false false false 11 8 false false false false true true false true true false true true true true true true true true true true false X Ryan Gregg 4129222244 1016 Greentree Suite 201 GREEN TREE PA 152203125 JARED GOSTANCZIK NATIONAL SALES DIRECTOR 40.00 0.00 X 121928 0 6096 Tim Kumza President CEO 40.00 1.00 X X 110120 0 5506 Patricia DelBusse 1st Vice President 40.00 1.00 X X 62225 0 3111 Dan Michalak 2nd Vice President 5.00 0.00 X X 15967 0 798 Malgorzata Los National Director 1.00 0.00 X 3000 0 0 Thomas Eckert National Director 1.00 0.00 X 6600 0 0 Patricia Capozoli National Director 1.00 0.00 X 3900 0 0 John Kowarik National Director 1.00 0.00 X 6600 0 0 Thomas Washington Jr National Director 1.00 0.00 X 4800 0 0 Rebecca Sienkiewicz National Director 1.00 0.00 X 3900 0 0 Charles Johns National Director 1.00 0.00 X 3900 0 0 Mark Albin National Director 1.00 0.00 X 3000 0 0 Ryan Gregg Secretary-Treasurer-CFO 40.00 1.00 X 97464 0 4873 443404 0 20384 2 false false false Allen Bailey & Associates 6907 N Capital of Texas Highway Austin TX 78731 Actuarial Services 121294 1 0 63092 0 0 0 29124 0 92216 Life Premiums & Annuities See Schedule O 900099 2379603 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2379603 1248193 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12324596 0 12396054 0 -71458 0 -71458 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Reserve Adjustment on Reinsurance Credits 524298 -623580 0 0 0 Expense Allowance on Reinsurance Ceded 524298 467078 0 0 0 Amortization of IMR 524298 182953 0 0 0 44158 0 0 0 70609 3719163 0 0 0 0 0 51569 0 0 0 1493991 0 311483 0 0 0 0 0 0 0 488528 0 0 0 55572 0 0 0 97174 0 0 0 62877 0 0 0 0 0 0 0 44693 0 0 0 18097 0 0 0 0 0 0 0 0 0 56730 0 0 0 313182 0 0 0 19110 0 0 0 83861 0 0 0 141207 0 0 0 0 0 0 0 61143 0 0 0 39839 0 0 0 0 0 0 0 10000 0 0 0 0 0 0 0 0 0 0 0 10737 0 0 0 45758 0 0 0 Fraternal Events 52771 0 0 0 Commissions 127557 0 0 0 Pension Termination-Distribution of Benefits 1339907 0 0 0 Change in Reserves -685913 0 0 0 20108 0 0 0 4259981 0 0 0 0 0 0 0 463477 318668 997342 188540 0 0 351872 502981 0 0 0 0 233881 477425 0 0 0 0 186976 163726 21834 23250 38893458 26750222 0 0 0 0 0 0 523116 0 41484980 28261086 57990 96819 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38453493 25768630 38511483 25865449 X 0 0 0 0 2973497 2395637 2973497 2395637 41484980 28261086 X -540818 -18143 0 0 0 -18899 X false true X true false 186976 163726 23250 23250 RESERVE FOR LIFE HEALTH & ANNUITY CONTRACTS NET OF RESERVES CEDED TO REINSURER 21804328 INTEREST MAINTENANCE RESERVE 1001831 NEST CLUB DEPOSITS HELD IN TRUST 2588380 ASSET VALUATION RESERVE 189962 OTHER RESERVES & MISC LIABILITIES 184129 25768630 3576799 -142364 -142364 3719163 0 3719163 4117617 -142364 -142364 4259981 0 4259981 Part XI, line 2d Reverse statutory allocation adjustment which netted investment income and investment expenses as required by statutory reporting. Part XII, line 2d Reverse statutory allocation adjustment which netted investment income and investment expenses as required by statutory reporting. Part VI, Line 6 MEMBERSHIP SHALL BE EXTENDED TO ANY PERSON IN ACCORDANCE WITH THE REQUIREMENTS AND LIMITATIONS SET FORTH IN THE CONSTITUTION. Part VI, Line 7a POWER TO ELECT THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS OF THE SOCIETY. Part VI, Line 11b MANAGEMENT REVIEWS A DRAFT OF THE FORM 990. THE FORM 990 IS PROVIDED TO GOVERNING BOARD FOR REVIEW PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. Part VI, Line 12c EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. Part VI, Line 15 THE CEO FIRST VICE PRESIDENT AND 2ND VICE PRESIDENTS COMPENSATION IS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE A COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE RECOMMENDS THE COMPENSATION TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION ADJUSTMENTS ARE DETERMINED BY REVIEWING THE CEO TO EVALUATE GOALS ACHIEVED AND ACCOMPLISHMENTS MADE DURING THE PREVIOUS YEAR. KEY EMPLOYEES MANAGEMENT ARE EVALUATED BY THE CEO TO DETERMINE COMPENSATION. COMPENSATION IS DETERMINED BY REVIEWING GOALS THE INDIVIDUAL ACHIEVED AND ACCOMPLISHMENTS MADE DURING THE PREVIOUS YEAR. Part XI, Line 9 | Description:, Explanation:, Amount:| CHANGE IN NON-ADMITTED ASSETS, CHANGE IN NON-ADMITTED ASSETS, $-39070| CHANGE IN ASSET VALUATION RESERVE, CHANGE IN ASSET VALUATION RESERVE, $70311| Change in surplus as a result of reinsurance, Change in surplus as a result of reinsurance, $-137049| DONATED NET ASSETS, DONATED NET ASSETS, $86909| Polish Falcons Heritage Foundation 1016 Greentree Road Suite 201 Pittsburgh PA 15220 471946018 Education and promotion of Polish heritage culture and traditions through various events. PA 501(C)(3) PF N/A false Falcon Community Holdings LLC 1016 Greentree Road Suite 201 Pittsburgh PA 15220 462391626 Holding Company discontinued operations NJ Polish Falcons of America C-Corporation 0 0 1 false Polish Falcons Camp Inc 1016 Greentree Road Suite 201 Pittsburgh PA 15220 222222742 Banquet Activities discontinued operations NJ Falcon Community Holdings LLC C-Corporation 0 0 1 false false false false false false false false false false false false false false false true false true false false Falcon Community Holdings LLC Q 7472 Cost Polish Falcons Camp Inc Q 6564 Cost Polish Falcons Heritage Foundation Q 15 Cost