1891 Financial Life

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

EIN: 361981330 ✦ Schaumburg, IL ✦ Designated as a 501(c)(8)

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Overview

What is 1891 Financial Life?

1891 Financial Life is a member-based organization located in Schaumburg, Illinois. They specialize in offering a range of life insurance and annuity products to their Christian community members. The organization is licensed to operate in 17 central United States states. Apart from these financial services, 1891 Financial Life extends fraternal benefits to its members, aiming to bring financial peace of mind. The organization employs a team of 25 individuals and has a physical address at 200 N Martingale Rd Ste 405.


Official website here: www.1891fianciallife.com

Is 1891 Financial Life legitimate?

1891 Financial Life is a legitimate nonprofit organization registered as a 501(c)(8) entity. 1891 Financial Life 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $111,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,304,034

For more financial information, click here


Official website here: www.1891fianciallife.com

What is the mission statement of 1891 Financial Life?

1891 Financial Life is a membership organization that collaborates with Christian families. Their mission is to provide top-notch financial solutions, including insurance and annuity products, to help members attain peace of mind. By extending quality services and fraternal benefits, the organization aims to make a positive impact on the financial well-being of its members. 1891 Financial Life is focused on delivering financial security to its members in a compassionate and faith-centered manner. The organization's offerings are designed to meet the unique needs of its members, helping them take control of their financial futures. With a strong commitment to its members, 1891 Financial Life strives to build a community of financially secure families.


Official website here: www.1891fianciallife.com

Who is the CEO of 1891 Financial Life?

Lisa Bickus is the Director of 1891 Financial Life. The CEO's salary of 1891 Financial Life is $195,816 and their total compensation is $203,028.


Official website here: www.1891fianciallife.com

What is the revenue of 1891 Financial Life?

1891 Financial Life's revenue in 2022 was $15,073,073.


Official website here: www.1891fianciallife.com

Who are the executives of 1891 Financial Life and what are their salaries?

The average compensation at 1891 Financial Life during 2022 was $56,617. There are 25 employees at 1891 Financial Life.


Here are 13 key members and their salaries (1891 Financial Life's CEO's salary is $195,816 and their total compensation is $203,028):


Collette Cesar (Director)
  • Compensation: $13,000
  • Related: $0
  • Other: $0
Michael Friar (Director)
  • Compensation: $5,417
  • Related: $0
  • Other: $0
Christine Corso (Director)
  • Compensation: $13,000
  • Related: $0
  • Other: $0
David Bonacker (Director)
  • Compensation: $7,583
  • Related: $0
  • Other: $0
Sandra Troyanoski (Director)
  • Compensation: $7,583
  • Related: $0
  • Other: $0
Brian Lawless (Board Treasurer)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Leah Jansen (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0
Margaret Schmitt (Board Chair)
  • Compensation: $16,000
  • Related: $0
  • Other: $0
Carole Witkowski (Director)
  • Compensation: $5,417
  • Related: $0
  • Other: $0
Jeanne Fillipp (Director)
  • Compensation: $6,250
  • Related: $0
  • Other: $0
Lisa Bickus (Ceo)
  • Compensation: $195,816
  • Related: $0
  • Other: $7,212
Meegan Gibbons (Cfo)
  • Compensation: $135,128
  • Related: $0
  • Other: $0
Mary Krutiak (Communication Director)
  • Compensation: $119,805
  • Related: $0
  • Other: $0


Official website here: www.1891fianciallife.com

Where can I find the form 990 for 1891 Financial Life?

1891 Financial Life's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.1891fianciallife.com

Learn more at the official website: www.1891fianciallife.com

Mission Statement of 1891 Financial Life

1891 Financial Life, a member-based organization, is dedicated to collaborating with Christian families by extending top-notch products, services, and fraternal benefits. With a mission to help members attain financial peace of mind, this organization goes beyond offering mere financial solutions. By partnering with families, it strives to secure their financial future and provide them with the peace of mind they deserve. 1891 Financial Life's diverse range of offerings includes both life insurance and annuity products, making it a reliable choice for families seeking financial security. The organization's commitment extends beyond just business transactions, as it is licensed to operate in seventeen states, primarily in the central United States.

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Impact




October, 2024

1891 Financial Life plays a significant role in supporting Christian families by providing access to a range of life insurance and annuity products. By offering these financial services, the organization fosters a sense of security and peace of mind, helping families prepare for the future. Its focus on member benefits ensures that individuals can find tailored solutions that meet their unique financial needs while promoting mutual support within the community.

With a presence in 17 states, primarily in the central United States, 1891 Financial Life is dedicated to extending quality products and services that align with the values of its members. Through its fraternal benefits, the organization not only addresses financial concerns but also cultivates a collaborative environment where members can support one another. This holistic approach contributes positively to the financial well-being of communities and reinforces the importance of shared values and mutual assistance.




This information is meant to be a general summary of 1891 Financial Life. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$15,073,073 (2022)
Expenses
$14,633,274 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,871,689
  • Program Service Revenue: $6,201,384
  • Gross Receipts: $25,281,787

Assets and Liabilities:

  • Total Assets: $164,907,014
  • Total Liabilities: $146,758,077
  • Net Assets: $18,148,937

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Organization Details

Founding Year

1894

Principal Officer

Lisa Bickus

Main Address

200 N Martingale Rd Ste 405, Schaumburg, IL, 60173

NTEE Category

Code: Y20 - Mutual benefit

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