| FORM 990, PART IV, LINE 12 |
THE FINANCIAL STATEMENTS ARE PREPARED USING ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE INDIANA DEPARTMENT OF INSURANCE, WHOSE PRACTICES DIFFER FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. |
| FORM 990, PART VI, LINE 6 & 7 |
EVERENCE ASSOCIATION INC HAS ONLY ONE CLASS OF MEMBERSHIP. THE SOLE DECISION-MAKING POWER OF A MEMBER IS TO ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, LINE 11B |
THE BOARD OF DIRECTORS HAS DELEGATED THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990 TO THE AUDIT COMMITTEE. FOLLOWING A DETAILED REVIEW BY THE CONTROLLER, A COPY OF THE FORM 990 AND ITS RELATED SCHEDULES WAS PROVIDED TO THE AUDIT COMMITTEE VIA EMAIL. THE AUDIT COMMITTEE REVIEWED THE FORM 990 AND RELATED SCHEDULES AND PROVIDED FEEDBACK, AND AN INDEPENDENT CPA FIRM ALSO REVIEWED THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. |
| FORM 990, PART VI, LINE 12C |
EVERENCE ASSOCIATION INC EMPLOYS A GENERAL COUNSEL WHO IS RESPONSIBLE FOR DAY-TO-DAY COMPLIANCE OVERSIGHT. DESIGNATED STAFF AND THE GENERAL COUNSEL ARE RESPONSIBLE FOR REVIEWING APPLICABLE LAWS AND REGULATIONS AND ASSURING FULL AND COMPLETE IMPLEMENTATION OF AND COMPLIANCE WITH SUCH POLICIES AND PROCEDURES ARE REVIEWED ON A REGULAR BASIS. THE BOARD OF DIRECTORS AND OFFICERS SIGN A CONFLICT OF INTEREST STATEMENT BI-ANNUALLY. ALL CONFLICTS OF INTEREST ARE EXPECTED TO BE DISCLOSED. IF THERE IS A CONFLICT OF INTEREST WITH A CODE OF CONDUCT, A WHISTLEBLOWER POLICY IS IN PLACE. THERE IS ALSO A WHISTLEBLOWER HOTLINE NUMBER TO CALL. |
| FORM 990, PART VI, LINE 15A |
THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF EXECUTIVE COMPENSATION. THE LAST REVIEW WAS PERFORMED IN 2017. GOALS AND OBJECTIVES ARE SET FORTH ANNUALLY AND REVIEWED DURING THIS PROCESS. ADDITIONALLY, PERIODIC COMPARISONS TO SIMILAR FOR-PROFIT AND NOT-FOR-PROFIT ENTITIES ARE EXAMINED. |
| FORM 990, PART VI, LINE 19 |
OUR GOVERNING DOCUMENTS ARE KEPT ON FILE AND ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICY INFORMATION IS AVAILABLE UPON REQUEST. SUMMARIZED FINANCIAL INFORMATION FOR ALL EVERENCE ENTITIES IS PUBLISHED IN A REPORT TO THE MEMBERS. THIS REPORT INFORMS THE MEMBER THEY MAY REQUEST THE AUDITED FINANCIAL STATEMENTS. |
| FORM 990, PART IX, LINE 4 |
ACCIDENT AND HEALTH 30,769,632 LIFE AND ANNUITY 22,803,708 INTEREST & ADJUSTMENT TO CD CONTRACT FUND 194,242 SUPPLEMENTARY CONTRACTS 1,188,767 NET TOTAL OF INCREASE IN ACCIDENT & HEALTH 586,928 LIFE AND ANNUITY RESERVES (4,467,568) DECREASE IN SUPPLEMENTARY CONTRACTS RESERVES (615,313) REFUNDS TO MEMBERS (38) TOTALS $50,460,358 FORM 990, PART XI, LINE 9 CHANGE IN ADMITTED INVESTMENT CARRYING AMOUNTS (158,014) CHANGE IN ASSET VALUATION RESERVE (132,141) CHANGE IN NONADMITTED ASSETS 338,706 GAIN TRANSFERRED TO IMR (432,378) OTHER CHANGES IN SURPLUS (1,000) OTHER CHANGES IN NET ASSETS OR FUND BALANCES = ($384,827) |
Attach to Form 990 or 990-EZ.