Slovak Catholic Sokol
The Slovak Catholic Sokol is a nonprofit fraternal benefit society incorporated under the laws of New Jersey, USA. Established on July 4, 1905, it is primarily focused on providing life insurance and other benefits to its members while fostering athletic and gymnastic activities, particularly within the Slovak community.
Overview
- Type: Fraternal beneficiary society, designated as a 501(c)(8) organization, allowing tax-deductible donations.
- Membership: The organization currently has over 26,000 members across various parts of the United States and Canada.
- Financial Status: As of recent reports, the organization has over $250 million in insurance in force and total assets exceeding $90 million. It operates with a surplus and has been issuing dividends annually to its members since 1962.
Activities
- Insurance and Financial Services: Offers various life insurance plans, including whole life, term life, and investment options like annuities to guarantee future income for its members.
- Sports and Gymnastics: Organizes athletic and gymnastic events, with a highlight being the International Slet, a biennial competition in gymnastics, track, and field events.
- Education and Scholarships: Provides substantial scholarships to its members, totaling about $64,000 annually across different education levels.
- Community Engagement: Engages in charitable and cultural activities, promoting Slovak heritage and supporting local communities through member assemblies.
Governance and Structure
- Organization: Structured around a lodge system with 19 groups and 80 assemblies, allowing members to elect their own officers and manage local affairs.
- Mission: Committed to preserving Slovak culture, promoting Catholic values, and fostering physical and mental well-being among members.
Recognition
Slovak Catholic Sokol is recognized as "America's Greatest Slovak Gymnastic and Athletic Fraternal Society." It actively supports its members' activities in education, religion, and community service.
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