2024-10-30T14:41:08-07:00 2023-12-31 990 2023-01-01 940401313 LUSO-AMERICAN FINANCIAL A FRATERNAL BENEFIT SOCIETY LUSO 9258284884 7080 Donlon Way Suite 200 Dublin CA 94568 Sue Nichols Controller 9258284884 2024-10-30 1 2023 2024-10-15 13:58:12Z Sue Nichols 7080 Donlon Way Suite 200 Dublin CA 94568 13194328 0 X https://www.luso-american.org X 1957 CA LUSO AMERICAN FINANCIAL is a fraternal benefit society serving over 19,000 members, issuing at least two of its publications a year. The Society provides life and annuity products for its members. 11 0 15 2000 0 0 0 0 6666388 5051665 6699925 7374938 415465 474266 13781778 12900869 0 0 10789398 10248742 959720 984813 0 0 0 3502298 3050957 15251416 14284512 -1469638 -1383643 139539836 140461043 133755116 136059966 5784720 4401077 LUSO AMERICAN FINANCIAL is a fraternal benefit society serving over 19,000 members and issues two of its publications a year. The Society provides life and annuity products for our particular ethnic group (Portuguese-Americans) in an organizational structure allowing fraternal, cultural, charitable, humanitarian, educational and social activities for the betterment of our policyholders, members and other local, national and international communities. 0 0 12052618 12900869 LUSO AMERICAN FINANCIAL is a fraternal benefit society serving over 19,000 members and issues two of its publications a year. The Society provides life and annuity products for our particular ethnic group (Portuguese-Americans) in an organizational structure allowing fraternal, cultural, charitable, humanitarian, educational and social activities for the betterment of our policyholders, members and other local, national and international communities. 0 0 0 12052618 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2100 0 1 15 1 0 0 0 0 0 0 0 0 X 11 0 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 1 1 1 1 1 0 CA X Sue Nichols 9258284884 7080 Donlon Way Suite 200 Dublin CA 94568 Sue Nichols Controller 40.0 0 X X 164801 0 0 Daniel Sequeira Sales Director 40 0 X 124595 0 0 Esther Mahler Corporate Secretary 40 0 X 107467 0 0 Gerard Batista Board Member 4.0 0 X 0 0 0 Maritana Guadalupe Board Member 4 0 X 0 0 0 Patricia M Larson Board Member 4 0 X 0 0 0 Joseph F Machado Board Member 4 0 X 0 0 0 Liz Motta Board Member 4 0 X 0 0 0 Aires Pavao Board Member 4 0 X 0 0 0 John Perdigao Board Member 4 0 X 0 0 0 Anthony G Sozinho Chair Member 4 0 X 0 0 0 Manuel Vieira Board Member 4 0 X 0 0 0 396863 0 0 3 0 1 0 Rehon & Roberts APC 830 the Alameda San Jose CA 95126 Legal services 1033850 Minuteman Press of Dublin 6735 Sierra CT Suite C Dublin CA 94568 Printing 117172 AQS Asset Management 5806 Mesa Drive Suite 220 Austin TX 78731 Financial 103891 3 0 Life Insurance and Annuity Premiums 524113 5051665 5051665 0 0 0 0 0 0 5051665 7252555 7252555 0 0 0 0 0 0 0 0 0 0 671452 0 293459 0 377993 0 377993 377993 0 0 0 122383 0 0 0 122383 122383 122383 0 0 Asset Value Change 900099 54112 54112 0 0 Accrual Changes 900099 0 0 0 0 42161 42161 0 0 96273 12900869 12900869 0 0 0 0 0 0 0 0 10248742 10248742 396863 0 396863 0 0 0 0 0 385091 0 385091 0 34387 0 34387 0 93171 0 93171 0 75301 0 75301 0 0 0 0 0 938663 0 938663 0 308418 0 308418 0 0 0 0 0 0 0 109136 109136 0 0 0 0 0 0 34242 34242 0 0 175932 175932 0 0 114863 114863 0 0 0 0 0 0 140922 140922 0 0 51745 51745 0 0 0 0 0 0 280047 280047 0 0 0 0 0 0 0 0 0 0 8951 8951 0 0 109709 109709 0 0 Asset Value Change 170009 170009 0 0 608320 608320 0 0 14284512 12052618 2231894 0 0 272077 3228177 5531726 0 0 1811334 1872254 0 0 0 0 20812254 19135040 0 0 0 0 6293099 3600824 2828057 2692275 108998390 109076261 0 0 0 0 0 0 1861624 1881410 139539836 140461043 486683 393729 0 0 81538 86776 0 0 0 0 0 0 0 0 0 0 133186895 135579461 133755116 136059966 X 0 0 0 0 5784720 4401077 5784720 4401077 139539836 140461043 -1383643 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 5191689 2499414 2692275 0 0 0 0 0 1101410 1101410 0 0 0 0 0 2692275 0 Aggregate Reserve 131618645 AVR 1591196 Deposit Type Contracts 707903 Contract Claims 1169843 IMR 233548 Aggregate Reserve - Others 258326 135579461 0 0 0 Sue Nichols Controller 164801 0 0 0 0 0 0 0 0 0 164801 0 0 0 Esther Mahler Corporate Secretary 107467 0 0 0 0 0 0 0 0 0 107467 0 0 0 Daniel Sequeira Sales Director 124595 0 0 0 0 0 0 0 0 0 124595 0 0 0 Form 990, Part VI, Section A, Line 6 As a fraternal, the Society relies on members and lodges. Form 990, Part VI, Section A, Line 7a Members chose the delegates to the National Convention. Delegates nominate the board members. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by the consulting accountants using the annual statement and shared with the Secretary, Controller, and the Audit Committee. Form 990, Part VI, Section B, Line 12c There aren't services required, nor financial transactions accepted with officers, directors, trustees or other key employees without the previous approval of the Board. Form 990, Part VI, Section B, Line 15 The Society's Board follows a formal process of interviews, evaluations, discussion and a final determination in hiring and establishing compensation and benefits packages for key employees. Form 990, Part VI, Section C, Line 19 The Society's documents are available either by request or on the Society's website. This Form 990 is not late. A request for an extension was requested on 4/29/2024 and granted by the IRS on 4/29/2024.