Program areas at Catholic Financial Life
Financial Security: The Society operates to provide its members long term financial security through the offering of individual life insurance and annuity products. Members are served by a network of Financial Advisors that provide financial planning, estate planning and other financial services. Each member has access to their financial products and information through their own Financial Service Advisors and/or Home Office Member Services Representative.
Fraternal Benefits & Community Outreach: The Society exists to benefit its members and community in non-financial ways. This includes faith based education, fraternal social events and community outreach. The Society is committed to provide fraternal benefits including child cancer and orphan benefits, will preparation benefit and the coordination and support of community service. In addition to monetary contributions, over 78,500 hours of service were donated to support various Diocesan and community programs and events in 2023 valued at nearly $2.5 million.
Grants made by Catholic Financial Life
Personnel at Catholic Financial Life
| Name | Title | Compensation | Date of data |
|---|
| John Borgen | President and Chief Executive Officer | $407,507 | 2023-06-20 |
| Jeffrey R Piotrowski | Former Chief Operations Officer | $268,076 | 2022-12-31 |
| Kari Diestelhorst | Chief Financial Officer | $262,499 | 2023-09-07 |
| Sara J Walker | Vice President Investments | $190,936 | 2022-12-31 |
| Michael J Attewell | Vice President of Information Technology | $199,805 | 2022-12-31 |
| ...and 19 more key personnel |
Financials for Catholic Financial Life
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $1,730 | $1,860 | -7% |
| Program services | $84,939,256 | $58,227,341 | 45.9% |
| Investment income and dividends | $71,791,095 | $69,439,071 | 3.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $506,736 | $1,428,783 | -64.5% |
| Net gain from sale of non-inventory assets | $5,034 | $-3,596,520 | 100.1% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $4,585,300 | $2,104,778 | 117.9% |
| Total revenues | $161,829,151 | $127,605,313 | 26.8% |
Organizations like Catholic Financial Life
| Organization | Type | Location | Revenue |
|---|
| SPJST (SPJST) | 501(c)(8) | Temple, TX | $44,090,522 |
| Catholic Order of Foresters (COF) | 501(c)(8) | Naperville, IL | $132,222,212 |
| BetterLife | 501(c)(8) | Madison, WI | $64,263,803 |
| Everence Association | 501(c)(8) | Goshen, IN | $76,719,666 |
| Catholic United Financial | 501(c)(8) | Arden Hills, MN | $71,850,379 |
| Catholic Life Insurance | 501(c)(8) | San Antonio, TX | $112,709,879 |
| Police and Firemens Insurance Association | 501(c)(8) | Carmel, IN | $48,300,253 |
| Military Benefit Association (MBA) | 501(c)(9) | Chantilly, VA | $40,665,680 |
| Polish Roman Catholic Union of America (PRCUA) | 501(c)(8) | Chicago, IL | $42,162,853 |
| First Catholic Slovak Ladies Association of the United States of America | 501(c)(8) | Cleveland, OH | $87,396,346 |
Data update history
October 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 27, 2023
Updated personnel
Identified 1 new personnel
October 23, 2023
Used new vendors
Identified 3 new vendors, including , , and
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsFraternal societiesMutual assistance organizationsInsurance companiesHeadquarter / parent organizationsCharities
Issues
No issues found
Characteristics
Endowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
- Address
- 1100 W Wells St
- Milwaukee, WI 53233
- Metro area
- Milwaukee-Waukesha, WI
- County
- Milwaukee County, WI
- Website URL
- catholicfinanciallife.org/Â
- Phone
- (414) 273-6266
IRS details
- EIN
- 39-0201015
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1885
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
- NAICS code, primary
- 52411: Direct Life, Health, and Medical Insurance Carriers
- Parent/child status
- Parent of group exemption
- Central organization
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Exempt
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0221146
- FTB Entity ID
- 0442538
- AB 488 data last updated ("as-of") date
- 2024-10-16
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