NonprofitsCatholic United Financial

Catholic United Financial

ARDEN HILLS, MN

Total revenue

$67.6M

Total expenses

$78.5M

Net assets

$20.0M

Grants received

EIN

410182070

Tax year

2024

Mission

To provide our members with life insurance, annuities and other products that contribute to their financial well-being and support the Roman Catholic Church in extending the faith.

Programs

2 programs

In accordance with our mission to promote fraternalism and charity among our members through a local council system and representative governance, $366,855 was provided to our Councils and communities. Of this amount, $130,325 was spent on Local Councils, $70,608 on matching grants, $113,118 was spent to conduct Regional Member Gatherings, $10,006 on miscellaneous donations, and $42,798 was spent on Member Recognition programs and conducting Gather4Good events. Gather4Good is a volunteer, family-oriented service project started in 2010 to assemble personal care kits for people in the local community experiencing homelessness.

Expenses: $367K

In accordance with our mission to support the Roman Catholic Church in extending the faith, commending and encouraging Catholic schools and religious education, Fraternal benefits totaling $371,724 were spent during the year. Of this total, $32,245 was provided for contributions, $274,620 was spent as operating support for our Foundation, and $147,840 was spent supporting Catholic education, including the Annual Catholic Schools Raffle. This Raffle has raised over $16 million for over 150 Catholic schools since its inception 16 years ago.

Expenses: $372K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$38.1M
Investment income$26.3M
Other revenue$3.1M
Total revenue$67.6M

Expenses

Grants paid$355K
Salaries & benefits$6.7M
Fundraising
Other expenses$16.5M
Total expenses$78.5M
Total assets$951.8M
Net assets$20.0M

People

15 listed

NameRoleCompensation

Michael Ahles

President/Chairman

Board

$429K

37.5 hrs/wk

Paul Zastrow

Sr. VP, Secretary/Treasurer

Board

$366K

37.5 hrs/wk

Renee Brod

Board Member

Board

$19K

3 hrs/wk

Jean Hart

Board Member

Board

$17K

3 hrs/wk

Jason A Adkins

Board Member

Board

$17K

3 hrs/wk

James Gibbons

Board Member

Board

$17K

3 hrs/wk

William Lucas

Board Member

Board

$17K

3 hrs/wk

James Wensel

Board Member

Board

$17K

3 hrs/wk

Martin Seifert

Board Member

Board

$17K

3 hrs/wk

John Tetzloff

Director of Sales

Staff

$231K

37.5 hrs/wk

Gregory Gall

Central Regional Director

Staff

$203K

37.5 hrs/wk

Butch Byers

Southwest Regional Director

Staff

$184K

37.5 hrs/wk

Jack Kerbeshian

Director of Product

Staff

$180K

37.5 hrs/wk

John Kolodziejczyk

Directorof Information Systems

Staff

$170K

37.5 hrs/wk

Gary Maki

Director of Human Resources

Staff

$162K

37.5 hrs/wk

Independent contractors

Securian Asset Management

Investment Advisory

$359K

Miller & Newberg

Actuarial and Consulting Services

$284K

BK Group LL

IT Consulting

$216K

Wellington

Investment Advisory

$181K

Nordick Consulting

IT Consulting

$115K

Details

EIN410182070
Subsection08
Ruling date1940-12
Formed1878
Employees87
Volunteers1186
CATHOLIC UNITED FINANCIAL — Mission, Financials & Grants Received | Grantivo