Western Catholic Union

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

EIN: 370580740 ✦ Quincy, IL ✦ Designated as a 501(c)(8)

Overview

What is Western Catholic Union?

The Western Catholic Union is a Quincy, Illinois-based fraternal benefit society. It offers life insurance and annuity plans to its members, with $38.86 million paid out in benefits during the specified period. The organization's mission is to cater to the fraternal, financial, and spiritual well-being of its members by providing ample social and spiritual opportunities. It keeps its members safe and secure with the best available insurance products. The Western Catholic Union employs a team of 14 individuals to manage its operations.


Official website here: www.wculife.org

Is Western Catholic Union legitimate?

Western Catholic Union is a legitimate nonprofit organization registered as a 501(c)(8) entity. Western Catholic Union 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: $220,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $479,718

For more financial information, click here


Official website here: www.wculife.org

What is the mission statement of Western Catholic Union?

The Western Catholic Union is a fraternal benefit society dedicated to enhancing the well-being of its members. Its mission is threefold: tending to their fraternal, financial, and spiritual needs. By offering the greatest number of social and spiritual opportunities, the Union aims to enrich the lives of its members. Additionally, it ensures their safety and security through providing top-tier insurance products. As of now, the organization has paid out over $38 million in life insurance and annuity benefits to its members. The remaining expenses cover operational costs.


Official website here: www.wculife.org

Who is the CEO of Western Catholic Union?

Sherri Schaefer is the Chairwoman, Interim President of Western Catholic Union.


Official website here: www.wculife.org

What is the revenue of Western Catholic Union?

Western Catholic Union's revenue in 2022 was $34,773,386.


Official website here: www.wculife.org

Who are the executives of Western Catholic Union and what are their salaries?

The average compensation at Western Catholic Union during 2022 was $50,017. There are 14 employees and 21,262 volunteers at Western Catholic Union.

Here are 12 key members and their salaries:

    Ryan Hulett (Regional Sales Manager)
  • Compensation: $102,084
  • Related: $0
  • Other: $5,994

    • Matthew Bainbridge (Secretary)
  • Compensation: $80,410
  • Related: $0
  • Other: $15,709

    • Sherri Schaefer (Chairwoman, Interim President) [Trustee/Director]
  • Compensation: $40,800
  • Related: $0
  • Other: $0

    • August Boessen (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • David Hutt (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • James Obert (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Philip Hildebrand Jr (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Michael Bickhaus (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Linda Moore (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • John Prangl (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Robert Moore (Trustee)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Blake Doane (Trustee)
  • Compensation: $6,800
  • Related: $0
  • Other: $0


  • Official website here: www.wculife.org

    Where can I find the form 990 for Western Catholic Union?

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


    Official website here: www.wculife.org

    Learn more at the official website: www.wculife.org

    Mission Statement of Western Catholic Union

    The Western Catholic Union, a fraternal benefit society, is dedicated to enhancing the well-being of its members in various aspects. The organization's mission is geared towards addressing the fraternal, financial, and spiritual needs of its members. By offering them a multitude of social and spiritual opportunities, the Western Catholic Union aims to create a sense of community among its members. Furthermore, the society ensures the safety and security of its members by providing them with the best insurance products available.

    The Western Catholic Union has demonstrated its commitment to its members through various program services. These services have resulted in the payment of over $38 million in benefits for life insurance and annuity plans. The remaining expenses cover operational costs to keep the organization running effectively. The Western Catholic Union's priority lies in attending to the welfare of its members and providing them with the necessary means to thrive.

    Impact

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




    Thursday, August 15, 2024

    Western Catholic Union's impact lies in its commitment to attending to the fraternal, financial, and spiritual well-being of its members. By offering life insurance and annuity plans, the organization ensures that its members are safe and secure with the best insurance products available. Additionally, Western Catholic Union provides social and spiritual opportunities for its members, fostering a sense of community and support within the organization. Through $38,855,958 in benefits paid to members for life insurance and annuity benefits, Western Catholic Union demonstrates its dedication to meeting the needs of its members and creating a strong sense of mutual benefit within its community.





    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: $7,560,753
  • Program Service Revenue: $26,568,265
  • Gross Receipts: $102,618,749

    • Assets and Liabilities:
  • Total Assets: $186,673,841
  • Total Liabilities: $179,321,893
  • Net Assets: $7,351,948
  • Programs

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

    INSURANCE PREMIUMS

    Revenue

    $26,114,380

    COMMISSION ALLOWANCE

    Revenue

    $453,885

    Organization Details

    Founding Year

    1877

    Principal Officer

    Sherri Schaefer

    Main Address

    510 MAINE STREET, QUINCY, IL, 62301

    NTEE Category

    Code: Y40 - Mutual benefit

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