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Organizations Modern Woodmen of America

Modern Woodmen of America

Fiscal year ending 2024. Filed on November 14, 2025.

1701 1st Ave
Rock Island, Illinois 61201

Modern Woodmen of America (EIN: 36-1493430) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Modern Woodmen of America, a 501(c)(8) fraternal beneficiary society, reported compensation for 27 out of 2,038 total employees. Among the employees shown here, the average compensation is $689,860. The highest compensated employee at Modern Woodmen of America is Jerald J Lyphout with fiscal year 2024 compensation of $3,817,651.

Revenue, expenses, and employee compensation

Revenue

$1,898,474,161

Expenses

$1,598,506,511

Employee compensation

$87,784,366
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jerald J Lyphout
President and Chief Executive Officer
$3,817,651
$2,162,118 No related comp$1,655,533
Robert Keorkunian
Former Regional Director
$2,970,248
$2,932,213 $38,035 No other comp
Brett M van
Chief Investment Officer and Treasurer
$1,232,424
$970,685 No related comp$261,739
Chad Foster
Regional Director
$1,231,745
$996,908 $86,236 $148,601
Shea E Doyle
National Secretary and Executive Vice President
$1,099,966
$1,099,966 No related compNo other comp
Lester L Bohnert
General Counsel
$988,457
$826,994 No related comp$161,463
Jonathon Marsh
Regional Director
$987,540
$878,095 $76,565 $32,880
Steven Eaton
Managing Partner
$771,831
$656,950 $90,562 $24,319
Jill Lain Weaver
Former Chief Fraternal Officer
$721,383
$717,899 No related comp$3,484
Jeffrey N Sowards
Former Chief Distribution and Marketing Officer
$714,941
$714,729 $212 No other comp
Todd David Swanson
Chief Accounting Officer
$681,951
$681,951 No related compNo other comp
Steven J Ollenburg
Chief Risk Officer
$641,840
$512,252 No related comp$129,588

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Contractors

Cronin Group Holdings
Advertising/Brand Campaign
$1,181,835
Zinnia
Product Management
$988,960
Pinebridge Investments LLC
Investment Management
$707,850
Conterra
Investment Management
$633,051
Invesco
Investment Management
$557,030

Mission Statement

TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS

Revisions to this organization profile

November 14, 2025:
2024 Modern Woodmen of America 990 filed
November 15, 2024:
2023 Modern Woodmen of America 990 filed
November 14, 2023:
2022 Modern Woodmen of America 990 filed

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