2023-11-09T13:52:02-06:00 2022-12-31 FORVIS LLP 312 WALNUT STREET SUITE 3000 CINCINNATI OH 45202 990 2022-01-01 250502660 GBU FINANCIAL LIFE % DOUGLAS ULRICH GBUF 4128845100 4254 SAW MILL RUN BOULEVARD PITTSBURGH PA 15227 DOUGLAS A ULRICH VP/CONTROLLER 4128845100 2023-09-14 true DOUGLAS A ULRICH 999009999 Aaron Hershberger P00961884 5136218300 2 2022 2023-04-26 12:10:37Z WILLIAM HUNT 4254 SAW MILL RUN BOULEVARD PITTSBURGH PA 15227 961161977 false X WWW.GBU.ORG X 1892 PA LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY. 8 7 102 150 0 21956 10100 485894617 585820367 161331588 181513754 159580 50772 647407741 767394993 0 0 592868532 699948293 8967521 12139674 0 0 0 19166125 23015410 621002178 735103377 26405563 32291616 3781723351 4204767754 3515611753 3916002930 266111598 288764824 LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY. false false LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true true true false true 36260 0 true 102 true false false false false false false false false false false false false X 8 7 false false false false true true false true true false true true true true true true true true true true false X DOUGLAS ULRICH 4128845100 4254 SAW MILL BOULEVARD PITTSBURGH PA 152273344 WILLIAM W HUNT CHIEF EXECUTIVE OFFICER 40.0 1.0 X X 625491 0 38807 Lesley Mann CHIEF MARKETING OFFICER 40.0 0.0 X 426759 0 34883 Timothy King SVP - Investments 40.0 0.0 X 384693 0 24153 Mark Cloutier CHIEF FINANCIAL OFFICER 40.0 0.0 X 301756 0 23712 Deborah L Morgan VICE PRESIDENT OF OPERATIONS 40.0 0.0 X 222825 0 31675 Douglas A Ulrich CONTROLLER 40.0 0.0 X 215845 0 17985 Ricardo Rodriguez AVP - Human Resources 40.0 0.0 X 194132 0 28651 Kyle Fulton IT Director 40.0 0.0 X 182648 0 16031 Lisa Morris Chief Underwriter 40.0 0.0 X 152205 0 14886 Damien Feiklowicz Dir of Business Intelligence 40.0 0.0 X 153884 0 9505 Antoinette Blair Director of Compliance 40.0 0.0 X 147619 0 2638 Lee Ann Hazi NAT'L DIRECTOR / BOARD CHAIR 5.0 1.0 X 73100 0 0 Christina E Mackellar National Director 2.0 1.0 X 48592 0 0 David L Pringle National Director 2.0 1.0 X 40512 0 0 David E Bevins National Director 2.0 1.0 X 34000 0 0 Donna L Brophy National Director 2.0 1.0 X 33265 0 0 John B Schmotzer National Director 2.0 1.0 X 32250 0 0 Joseph S Bielecki National Director 2.0 1.0 X 31500 0 0 3301076 0 242926 26 false true false IPIPELINE INC PO BOX 208480 DALLAS TX 75320 PROFESSIONAL SERVICE 998206 HIGHMARK BLUE SHIELD PO BOX 382146 PITTSBURGH PA 15251 HEALTH INSURANCE 882485 MILLER NEWBERG INC 8717 WEST 110TH ST STE 530 OVERLAND PARK KS 66210 ACTUARY 826922 HOFFMANN MURTAUGH 100 S COMMONS STE 102 PITTSBURGH PA 15212 MARKETING 658569 MACBRACEY CORPORATION 2085 PARK AVE STE 100 WASHINGTON PA 15301 CONSTRUCTION 631401 50 10100 10100 Premiums & Annuities 900099 585820367 585820367 585820367 181716503 181716503 0 0 544567 525408 19159 0 19159 19159 193038827 193241576 -202749 -202749 -202749 0 0 0 0 0 0 0 0 0 Miscellaneous 900099 31613 31613 31613 767394993 585851980 181532913 0 0 0 699948293 2641803 0 7303992 941581 811900 440398 0 227482 385445 0 0 1224146 859838 312927 852023 261462 0 124652 371593 0 134529 0 0 990319 97879 Commissions 13514457 Refund to Members 1119397 Frateral Expenses 1315077 Miscellaneous 1224184 735103377 136291 3132837 0 39351392 0 0 0 30811 0 0 0 0 0 0 0 0 0 0 4425906 1989323 1790335 2436583 3660402160 3977462285 0 0 0 0 0 0 119394565 182353846 3781723351 4204767754 346915 1239031 0 0 113138 114590 0 0 0 0 0 0 0 0 0 0 3515151700 3914649309 3515611753 3916002930 X 0 0 0 0 266111598 288764824 266111598 288764824 3781723351 4204767754 X 32291616 -2659190 35604 -7014804 X false true X true false 116431 116431 855762 770197 85565 3164526 929939 2234587 289187 289187 2436583 0 Amounts Retained as Agent 17781228 Asset Valuation Reserve 37000000 General Exp & Other Liab 1408768 Interest Maintenance Reserve 4553898 Liab For Deposit-Type Contracts 74433878 Life Policies and Contracts 3748169793 Policy and Contract Claims 30201744 REFUNDS PAYABLE 1100000 3914649309 767920401 767920401 -525408 -525408 767394993 735628785 525408 525408 735103377 735103377 PART XI, LINE 4B OTHER ADJUSTMENTS: RENTAL EXPENSES $(525,408) PART XII, LINE 2D OTHER ADJUSTMENTS: RENTAL EXPENSES $ 525,408 X X true false false WILLIAM W HUNT CHIEF EXECUTIVE OFFICER 442882 0 159332 0 23277 0 13615 0 25192 0 664298 0 Timothy King SVP - Investments 189432 0 33300 0 161961 0 9450 0 14703 0 408846 0 Lesley Mann CHIEF MARKETING OFFICER 340845 0 67117 0 18797 0 10546 0 24337 0 461642 0 Deborah L Morgan VICE PRESIDENT OF OPERATIONS 188979 0 23228 0 10618 0 8180 0 23495 0 254500 0 Douglas A Ulrich CONTROLLER 183138 0 22581 0 10126 0 8821 0 9164 0 233830 0 Mark Cloutier CHIEF FINANCIAL OFFICER 273228 0 15696 0 12832 0 0 0 23712 0 325468 0 Ricardo Rodriguez AVP - Human Resources 172358 0 12101 0 9673 0 7457 0 21194 0 222783 0 Kyle Fulton IT Director 164029 0 12411 0 6208 0 6883 0 9148 0 198679 0 Antoinette Blair Director of Compliance 143461 0 4158 0 0 0 957 0 1681 0 150257 0 Lisa Morris Chief Underwriter 141369 0 0 0 10836 0 275 0 14611 0 167091 0 Damien Feiklowicz Dir of Business Intelligence 149804 0 4080 0 0 0 506 0 8999 0 163389 0 SCHEDULE J, PART I, LINE 4A SEVERANCE DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2022, TIMOTHY KING RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $152,204. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS MEMBERSHIP SHALL BE EXTENDED TO ANY PERSON IN ACCORDANCE WITH THE REQUIREMENTS AND LIMITATIONS SET FORTH IN THE CHARTER, THE BY-LAWS, AND THE RESOLUTIONS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS OF THE SOCIETY. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990 THE FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. MANAGEMENT REVIEWS A DRAFT OF THE FORM 990. THE FORM 990 IS PROVIDED TO GOVERNING BOARD FOR REVIEW PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION'S PRACTICE FOR MONITORING COMPLIANCE EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY DISCLOSURE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW PROCESS THE CEO'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE, A COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS OF GBU FINANCIAL LIFE. THE COMMITTEE RECOMMENDS THE COMPENSATION TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION ADJUSTMENTS ARE DETERMINED BY REVIEWING THE CEO TO EVALUATE GOALS ACHIEVED AND ACCOMPLISHMENTS MADE DURING THE PREVIOUS YEAR. COMPARABILITY DATA IS ALSO USED WHEN NEEDED. KEY EMPLOYEE'S (MANAGEMENT) ARE EVALUATED BY THE CEO TO DETERMINE COMPENSATION. COMPENSATION IS DETERMINED BY REVIEWING GOALS THE INDIVIDUAL ACHIEVED AND ACCOMPLISHMENTS MADE DURING THE PREVIOUS YEAR. COMPARABILITY DATA IS ALSO USED WHEN NEEDED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS THE ORGANIZATION MAKES ALL APPLICABLE DOCUMENTS AVAILABLE UPON REQUEST, DURING NORMAL OFFICE HOURS. FORM 990, PART XI, LINE 9 OTHER CHANGES INCREASE/(DECREASE) IN ASSET VALUATION RESERVE $(6,858,847) NET CHANGE IN NONADMITTED ASSETS (1,950,125) CHANGE IN PENSION BENEFIT OBLIGATION 1,167,056 STATUTORY MERGERS 815,112 CHANGE IN LIAB-REINS for Unauthorized Co's 12,000 RECLASS SCHOLARSHIP FUNDS TO LIABILITIES (200,000) TOTAL $(7,014,804) GBU FOUNDAITON INC 4254 SAW MILL RUN BOULEVARD PITTSBURGH PA 15227 256076646 SCHOLARSHIPS PA 501(C)(3) 7 GBU true false true false false false false false false false false false false false true true false true false false GBU FOUNDATION INC B 138592 ACTUAL AMOUNT GBU FOUNDATION INC Q 12960 ACTUAL AMOUNT