Catholic Life Insurance

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 740548665 ✦ San antonio, TX ✦ Designated as a 501(c)(8)

Overview

What is Catholic Life Insurance?

Catholic Life Insurance is a fraternal benefit society based in San Antonio, Texas. They provide life insurance, retirement products, and Medicare supplement insurance to their members. As a nonprofit organization, they offer various financial services with a mission to support their community. With a team of 75 dedicated employees, Catholic Life Insurance aims to help individuals secure their financial future and peace of mind.


Official website here: www.cliu.com

Is Catholic Life Insurance legitimate?

Catholic Life Insurance is a legitimate nonprofit organization registered as a 501(c)(8) entity. Catholic Life Insurance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,429,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,597,866

For more financial information, click here


Official website here: www.cliu.com

What is the mission statement of Catholic Life Insurance?

Catholic Life Insurance functions as a fraternal benefit society, providing individuals with life insurance, retirement products, and Medicare supplement insurance. The organization's primary focus is on offering these essential financial protection solutions. Catholic Life Insurance aims to help individuals secure their futures and plan for retirement with its comprehensive range of offerings. By prioritizing its members' needs, the society offers peace of mind and financial security through its insurance solutions. Additionally, the society may provide community engagement opportunities and resources, further enhancing the value it brings to its members.


Official website here: www.cliu.com

What is the revenue of Catholic Life Insurance?

Catholic Life Insurance's revenue in 2022 was $112,709,879.


Official website here: www.cliu.com

Who are the executives of Catholic Life Insurance and what are their salaries?

The average compensation at Catholic Life Insurance during 2022 was $67,031. There are 75 employees and 394 volunteers at Catholic Life Insurance.

Here are 21 key members and their salaries (Catholic Life Insurance's CEO's salary is $615,152 and their total compensation is $672,962):

    Joseph Michael Belz (President/Ceo) [Trustee/Director]
  • Compensation: $615,152
  • Related: $0
  • Other: $57,810

    • John M Luksa (Svp/Director Of Sales)
  • Compensation: $224,678
  • Related: $0
  • Other: $62,054

    • Colleen Z Berger (Svp/Cfo)
  • Compensation: $215,512
  • Related: $0
  • Other: $51,178

    • Frank Gentile (Svp/Chief Underwriter)
  • Compensation: $171,026
  • Related: $0
  • Other: $31,447

    • Scott D Brant (Svp/Information Technologies)
  • Compensation: $170,452
  • Related: $0
  • Other: $30,191

    • Barbara A Cheaney (Svp/Marketing-Communications)
  • Compensation: $147,383
  • Related: $0
  • Other: $41,187

    • Dawn C Fanfelle (Vp/Human Resources & Training)
  • Compensation: $126,077
  • Related: $0
  • Other: $14,308

    • Tricia D Michalek (Vp/Operations)
  • Compensation: $113,256
  • Related: $0
  • Other: $11,185

    • Felix J Skarpa (Director)
  • Compensation: $25,048
  • Related: $0
  • Other: $0

    • Dennis R Matthiesen (Director)
  • Compensation: $21,500
  • Related: $0
  • Other: $0

    • Danny J Nortman (Director)
  • Compensation: $21,375
  • Related: $0
  • Other: $0

    • Dianne Cerny (Director)
  • Compensation: $20,986
  • Related: $0
  • Other: $0

    • Allen Strickland (Director)
  • Compensation: $20,400
  • Related: $0
  • Other: $0

    • Michael E Stolowski (Director (Term Ended 7/23/22))
  • Compensation: $17,404
  • Related: $0
  • Other: $0

    • Jo Ann E Shimek (Director (Term Ended 7/23/22))
  • Compensation: $12,975
  • Related: $0
  • Other: $0

    • Ronnie W Kadlacek (Director (Term Ended 7/23/22))
  • Compensation: $12,450
  • Related: $0
  • Other: $0

    • Robert L Moczygemba Sr (Director (Term Ended 7/23/22))
  • Compensation: $10,950
  • Related: $0
  • Other: $0

    • Charles L Hughes Jr (Director (Term Ended 7/23/22))
  • Compensation: $10,450
  • Related: $0
  • Other: $0

    • John Raabe (Director)
  • Compensation: $10,200
  • Related: $0
  • Other: $0

    • Roland Dewinne Jr (Director)
  • Compensation: $9,925
  • Related: $0
  • Other: $0

    • Eva Martinez (Director)
  • Compensation: $9,375
  • Related: $0
  • Other: $0


  • Official website here: www.cliu.com

    Where can I find the form 990 for Catholic Life Insurance?

    The Catholic Life Insurance’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cliu.com

    Learn more at the official website: www.cliu.com

    Mission Statement of Catholic Life Insurance

    Catholic Life Insurance, as a fraternal benefit society, dedicates itself to providing life insurance, retirement products, and Medicare supplement insurance. This organization's mission revolves around offering essential financial security solutions to individuals and families in their time of need. By being a fraternal benefit society, Catholic Life Insurance fosters a sense of community and camaraderie among its members, going beyond just insurance coverage. The scope of their services encompasses various aspects of financial planning, ensuring members have access to comprehensive solutions for their present and future financial needs.

    Impact

    This information is meant to be a general summary of Catholic Life Insurance. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Catholic Life Insurance has a significant impact on individuals and families by providing them with essential life insurance, retirement products, and Medicare supplement insurance. Through its offerings, Catholic Life Insurance helps people protect their financial security, plan for the future, and ensure they have access to necessary healthcare coverage.

    By being a fraternal benefit society, Catholic Life Insurance fosters a sense of community and support among its members. This mutual benefit aspect allows individuals to come together, share resources, and help each other in times of need. This not only provides financial protection but also builds a sense of belonging and solidarity among members.

    Overall, Catholic Life Insurance's impact extends beyond just providing insurance products; it contributes to the financial stability, well-being, and sense of community for those it serves. By fulfilling its mission, Catholic Life Insurance plays a crucial role in supporting individuals and families in achieving a secure and healthy future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $52,594,768
  • Program Service Revenue: $59,824,147
  • Gross Receipts: $191,470,668

    • Assets and Liabilities:
  • Total Assets: $1,276,938,142
  • Total Liabilities: $1,165,800,833
  • Net Assets: $111,137,309
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INS. PREMIUMS & ANNUITY CONSIDERATIONS

    Revenue

    $59,824,147

    Organization Details

    Founding Year

    1901

    Main Address

    1635 NE LOOP 410 SUITE 400, SAN ANTONIO, TX, 78209

    NTEE Category

    Code: Y20 - Mutual benefit

    If you are a representative of Catholic Life Insurance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.