Catholic Association Of Foresters
- Assets
- $11.9m
- Revenue
- $558.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Braintree, MA
- Founding
- 07/1941
- Data as of
- 12/2022
- EIN
- 04-1589950
Organization Overview
Catholic Association Of Foresters is located in Braintree, MA. The organization was established in 1941. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Catholic Association Of Foresters employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Catholic Association Of Foresters is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, Catholic Association Of Foresters generated $558.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $710.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED FOR PROMOTION OF UNITY CHARITY AMONG ITS MEMBERS AND PROVIDE LIFE HEALTH DISABILITY INSURANCE PROTECTION TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEATH BENEFITS ($204,143), CASH SURRENDERS ($29,767), AND MATURITY BENEFITS ($1,000) TO ITS MEMBERS.
$1,304 DONATIONS TO VARIOUS RELIGIOUS, CHARITABLE, & NON-PROFIT AGENCIES. $6,000 FOR EDUCATIONAL GRANTS TO ELIGIBLE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cunningham High Secretary Treas | 37.5 | $98,409 | |
Stephanie Fiano Jrpasthigh Chief Rnger | Trustee | 5 | $0 |
James Mcginty High Chief Ranger | Trustee | 5 | $0 |
John Anderson High Vice Chief Ranger | Trustee | 5 | $0 |
Caroline Turner Invmnt Board Hc | Trustee | 5 | $0 |
Julia Clarke Investment Board Chair | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ntl Underwriting Services Marketing | 12/30/22 | $4,466 |
Steven Leavitt Insurance Agent | 12/30/22 | $10,912 |
Sunshine Benefits Group Insurance Agent | 12/30/22 | $3,553 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,295 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,295 |
| Total Program Service Revenue | $89,944 |
| Investment income | $415,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,304 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $236,047 |
| Compensation of current officers, directors, key employees. | $98,409 |
| Compensation of current officers, directors, key employees. | $98,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,673 |
| Pension plan accruals and contributions | $83,041 |
| Other employee benefits | $31,735 |
| Payroll taxes | $13,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $63,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | -$4,618 |
| Information technology | $41,877 |
| Royalties | $0 |
| Occupancy | $21,365 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,300 |
| Interest | $0 |
| Payments to affiliates | $3,004 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,565 |
| All other expenses | $0 |
| Total functional expenses | $710,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,842,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $123,671 |
| Inventories for sale or use | $64,681 |
| Prepaid expenses and deferred charges | $1,900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,900,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,933,169 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,915,780 |
| Total liabilities | $6,915,780 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,017,389 |
| Total liabilities and net assets/fund balances | $11,933,169 |
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