2024-11-13T16:57:38-05:00 2023-12-31 231633722 CUNNINGHAM CAREY & PHILLIPS 1077 RYDAL RD STE 200 RYDAL PA 190461713 990 2023-01-01 230990310 PROVIDENCE ASSOCIATION OF UKRAINIAN CATHOLICS IN AMERICA PROV 2156272445 817 N FRANKLIN STREET PHILADELPHIA PA 19123 MYRON B SOLTYS TREASURER/CFO 2156272445 2024-11-13 true false STEPHEN PHILLIPS P00089177 2155727400 2024-11-13 2023 2024-10-15 13:58:12Z MYRON B SOLTYS 817 N FRANKLIN STREET PHILADELPHIA PA 19123 10582452 false X PROVASSN.COM X 1912 PA THE PROVIDENCE ASSOCIATION OF UKRAINIAN CATHOLICS IN AMERICA IS THE ONLY UKRAINIAN CATHOLIC FRATERNAL BENEFIT SOCIETY IN THE UNITED STATES. IT PROVIDES LIFE INSURANCE PROTECTION AND SOCIAL, ECONOMIC AND SPIRITUAL BENEFITS TO ITS MEMBERS. IT HAS FOUR PRIMARY OBJECTIVES: TO SUSTAIN AND SPREAD THE RELIGIOUS SPIRIT OF THE UKRAINIAN CATHOLIC CHURCH; TO ASSIST ITS MEMBERS IN CASE OF SICKNESS AND TO SUPPORT WORTHY RELIGIOUS AND CIVIC CAUSES; TO STRENGTHEN THE FAITH OF UKRAINIAN CATHOLICS BY PUBLISHING NEWSPAPERS, PERIODICALS AND BOOKS; AND TO INSTRUCT UKRAINIANS IN THE HISTORY, CULTURE AND GOVERNMENT OF THE UNITED STATES IN ORDER TO MAKE THEM GOOD AND LOYAL CITIZENS, CONSCIOUS OF THEIR RIGHTS, DUTIES, OBLIGATIONS AND PRIVILEGES. CURRENTLY, THERE ARE 243 BRANCHES OF THE PROVIDENCE ASSOCIATION THROUGHOUT THE UNITED STATES. THE ASSOCIATION HAS APPROXIMATELY 12,000 MEMBERS. 14 9 10 0 0 2411604 1696002 2638773 2650479 2061 6 5052438 4346487 0 3760712 3790708 634349 593460 0 0 457718 450551 4852779 4834719 199659 -488232 54987742 54762495 52204554 52565568 2783188 2196927 X THE PROVIDENCE ASSOCIATION OF UKRAINIAN CATHOLICS IN AMERICA IS THE ONLY UKRAINIAN CATHOLIC FRATERNAL BENEFIT SOCIETY IN THE UNITED STATES. IT PROVIDES LIFE INSURANCE PROTECTION AND SOCIAL, ECONOMIC AND SPIRITUAL BENEFITS TO ITS MEMBERS. IT HAS FOUR PRIMARY OBJECTIVES: TO SUSTAIN AND SPREAD THE RELIGIOUS SPIRIT OF THE UKRAINIAN CATHOLIC CHURCH; TO ASSIST ITS MEMBERS IN CASE OF SICKNESS AND TO SUPPORT WORTHY RELIGIOUS AND CIVIC CAUSES; TO STRENGTHEN THE FAITH OF UKRAINIAN CATHOLICS BY PUBLISHING NEWSPAPERS, PERIODICALS AND BOOKS; AND TO INSTRUCT UKRAINIANS IN THE HISTORY, CULTURE AND GOVERNMENT OF THE UNITED STATES IN ORDER TO MAKE THEM GOOD AND LOYAL CITIZENS, CONSCIOUS OF THEIR RIGHTS, DUTIES, OBLIGATIONS AND PRIVILEGES. CURRENTLY, THERE ARE 243 BRANCHES OF THE PROVIDENCE ASSOCIATION THROUGHOUT THE UNITED STATES. THE ASSOCIATION HAS APPROXIMATELY 12,000 MEMBERS. false false 4834719 4346487 PROVISION OF LIFE, SICKNESS OR OTHER BENEFITS TO THE MEMBERS OF THE ASSOCIATION AND PROVIDING FRATERNAL ACTIVITIES. 4834719 false false false false false false false false false true false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 181 0 true 10 true false false false false false false false false X 14 9 false false false false false false false true true false true true false true true true false true true true false X MYRON B SOLTYS 2156272445 817 N FRANKLIN STREET PHILADELPHIA PA 19123 MSGR PETER WASLO SPIRITUAL DI X X 175 0 0 HALYNA DUBIL VICE PRESIDE 1.00 X 9621 0 0 ROMAN KOZICKY DIRECTOR X 175 0 0 CHRISTINE REBENSKY DIRECTOR X 196 0 0 JOHN YAWORSKY AUDIT COMMIT X 0 0 0 BOHDAN KULCHYCKYJ DIRECTOR X 175 0 0 ROMAN MYKIJEWYCZ DIRECTOR X 0 0 0 REV IHOR MIDZAK PRESIDENT/CE 8.00 X 31315 0 0 ERYNA CVIKULA-KORCHYNSKY SECRETARY 40.00 X 83542 0 0 MYRON B SOLTYS TREASURER/CF 40.00 X 83198 0 0 ROMAN KOZICKY DIRECTOR X 175 0 0 MICHAEL SAWKIW AUDITOR X 175 0 0 DORIAN KUSZNIR AUDITOR X 175 0 0 NATALIA TARASIUK AUDITOR X 175 0 0 TATIANA HANCOCK DIRECTOR X 175 0 0 TARAS LONCHYNA SPIRITUAL DI X 0 0 0 EUGENE A LUCIW SALES DIRECT 40.00 X 41989 0 0 REV TARAS LONCHYNA DIRECTOR 1.00 X 9456 0 0 260717 false false false INSURANCE PREMIUMS 524113 1696002 1696002 1696002 2902400 2902400 5984044 6235965 -251921 -251921 -251921 MISCELLANEOUS 524298 6 6 6 4346487 4346487 3790708 260717 125517 72000 104069 31157 25000 124909 11885 9381 13705 4696 182 6717 57872 AGGREGATE WRITE-IN EXPENS 64614 INVESTMENT EXPENSES 61782 REAL ESTATE TAXES 27612 STATE INSUR DEPT LICENSES 22949 19247 4834719 0 0 0 869243 218477 1366935 533033 458501 198941 240209 259560 48561474 50298339 3274617 2790107 675264 662979 54987742 54762495 41813 84860 20647 5393 52142094 52475315 52204554 52565568 X 2783188 2196927 2783188 2196927 54987742 54762495 X -488232 -98029 X X false true true false 229195 74312 154883 221306 116629 104677 8000 8000 259560 MORTGAGES 2664429 C INVESTMENT PROPERTY 125678 C 2790107 AGGREGATE RESERVE FOR LIFE CONTRACTS 45432000 AMOUNTS WITHHELD AS AGENT OR TRUSTEE 4463275 LIABILITY FOR DEPOSIT TYPE CONTRACTS 1071000 ASSET VALUATION RESERVE 788748 INTEREST MAINTENANCE RESERVE 379650 CONTRACT CLAIMS 194000 ORPHAN, INDIGENT AND SHEPTYTSKY FUND 85626 ACCRUED TAXES 60000 SURRENDER VALUE ON CANCELLED CONTRAC 1016 52475315 4266671 30000 30000 4236671 109816 109816 4346487 4754903 30000 30000 4724903 109816 109816 4834719 SCHEDULE D, PAGE 4, PART XI, LINE 2D RENT 30,000 SCHEDULE D, PAGE 4, PART XI, LINE 4B INVESTMENT EXPENSES 109,816 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENT 30,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT EXPENSES 109,816 FORM 990 - ORGANIZATION'S MISSION THE PROVIDENCE ASSOCIATION OF UKRAINIAN CATHOLICS IN AMERICA IS THE ONLY UKRAINIAN CATHOLIC FRATERNAL BENEFIT SOCIETY IN THE UNITED STATES. IT PROVIDES LIFE INSURANCE PROTECTION AND SOCIAL, ECONOMIC AND SPIRITUAL BENEFITS TO ITS MEMBERS. IT HAS FOUR PRIMARY OBJECTIVES: TO SUSTAIN AND SPREAD THE RELIGIOUS SPIRIT OF THE UKRAINIAN CATHOLIC CHURCH; TO ASSIST ITS MEMBERS IN CASE OF SICKNESS AND TO SUPPORT WORTHY RELIGIOUS AND CIVIC CAUSES; TO STRENGTHEN THE FAITH OF UKRAINIAN CATHOLICS BY PUBLISHING NEWSPAPERS, PERIODICALS AND BOOKS; AND TO INSTRUCT UKRAINIANS IN THE HISTORY, CULTURE AND GOVERNMENT OF THE UNITED STATES IN ORDER TO MAKE THEM GOOD AND LOYAL CITIZENS, CONSCIOUS OF THEIR RIGHTS, DUTIES, OBLIGATIONS AND PRIVILEGES. CURRENTLY, THERE ARE 243 BRANCHES OF THE PROVIDENCE ASSOCIATION THROUGHOUT THE UNITED STATES. THE ASSOCIATION HAS APPROXIMATELY 12,000 MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE ASSOCIATION'S TREASURER PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C AT ITS ANNUAL MEETING EACH BOARD MEMBER IS REQUIRED TO TO SIGN AN ANNUAL STATEMENT OF COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION AND HUMAN RESOURCE COMMITTE PROPOSES SALARIES WHICH ARE APPROVED ANNUALLY BY THE ASSOCIATION'S BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION AND HUMAN RESOURCE COMMITTE PROPOSES SALARIES WHICH ARE APPROVED ANNUALLY BY THE ASSOCIATION'S BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN NON-ADMITTED ASSETS 4,672 CHANGE IN NET UNREALIZED CAPITAL GAIN 204,965 CHANGE IN ASSET RESERVE -307,666 ROUNDING 0 TOTAL -98,029 FORM 990, PART XII THE FINANCIAL STATEMENTS HAVE BEEN PREPARED ON THE BASIS OF ACCOUNTING AND REPORTING PRACTICES PRESCRIBED BY THE INSURANCE DEPARTMENT OF THE COMMONWEALTH OF PENNSYLVANIA. THESE VARY IN SOME RESPECTS FROM GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) FOLLOWED BY BUSINESS ENTERPRISES IN GENERAL IN DETERMINING FINANCIAL POSITION AND RESULTS OF OPERATIONS. THE PENNSYLVANIA INSURANCE DEPARTMENT RECOGNIZES ONLY STATUTORY ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE STATE OF PENNSYLVANIA FOR DETERMINING AND REPORTING THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF A FRATERNAL BENEFIT SOCIETY, FOR DETERMINING ITS SOLVENCY UNDER THE PENNSYLVANIA INSURANCE LAW. THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC) ACCOUNTING PRACTICES AND PROCEDURES MANUAL, VERSION EFFECTIVE JANUARY 1, 2001, (NAIC SAP) HAS BEEN ADOPTED AS A COMPONENT OF PRESCRIBED OR PERMITTED PRACTICES BY THE STATE OF PENNSYLVANIA. THE AUDIT COMMITTEE IS RESPONSIBLE FOR ENGAGING AN INDEPENDENT AUDITOR