KJZT Family Life

Overview

KJZT Family Life is a non-profit 501(c)(8) Fraternal beneficiary society based in Texas. It is known for offering life insurance and annuities while operating as a fraternal benefit organization, meaning it returns earnings from sales to its members in the form of community benefits and support for social projects.

History

The organization was founded in 1894 by Czech Catholic women, marking its origin as the first Society of Czech Catholic Women in Texas. Over time, it has expanded its membership to include people of all genders and ethnic backgrounds across Texas.

Operations

KJZT generates revenue primarily through the sale of life insurance products and annuities. Unlike traditional insurance companies, a significant portion of its earnings is reinvested into the community. This includes financial support for the Catholic Church and various community service projects, aligning with its fraternal mission.

Financial Structure

As documented in recent financial reports, KJZT's revenue is predominantly derived from investment income and program services. The organization maintains a strong financial position with no liabilities and substantial assets.

Tax Status

KJZT Family Life is designated as a tax-exempt organization, which means donations to this organization are eligible for tax deductions.

Governance

Senior positions in the organization include a president, vice president, treasurer, and secretary, who manage its activities and ensure that it fulfills its community-focused mission.

Societal Impact

By fostering a sense of community and mutual support, KJZT contributes to the well-being of its members and broader Texan communities through its charitable efforts.