Catholic Association Of Foresters
- Assets
- $12.1m
- Revenue
- $829.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Braintree, MA
- Founding
- 07/1941
- Data as of
- 12/2023
- 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 12/2023, Catholic Association Of Foresters employed 2 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 12/2023, Catholic Association Of Foresters generated $829.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $500.8k during the year ending 12/2023. 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
2023
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 ($110,772) AND CASH SURRENDERS ($52,687) TO ITS MEMBER $1,510 DONATIONS TO VARIOUS RELIGIOUS, CHARITABLE & NON-PROFIT AGENCIE
$1,510 DONATIONS TO VARIOUS RELIGIOUS, CHARITABLE & NON-PROFIT AGENCIE $4,000 EDUCATIONAL GRANTS TO ELIGIBLE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Fiano Jrpasthigh Chief Rnger | Trustee | 0.5 | $0 |
John F Anderson Jr High Chief Ranger | Trustee | 0.5 | $0 |
Julia Clarke Investment Board Chair | Trustee | 0.5 | $0 |
Michael Keenan Investment Board | Trustee | 0.5 | $0 |
Caroline Turner Invmnt Board Hvcr | Trustee | 0.5 | $0 |
Christine Cunningham High Sec Treas | 39.5 | $107,908 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steven Leavitt Insurance Agent | 12/30/22 | $10,912 |
Ntl Underwriting Services Marketing | 12/30/22 | $4,466 |
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 | $126,191 |
| Investment income | $514,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $187,379 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $829,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,510 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $164,507 |
| Compensation of current officers, directors, key employees. | $107,908 |
| Compensation of current officers, directors, key employees. | $107,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,862 |
| Pension plan accruals and contributions | $76,131 |
| Other employee benefits | $30,464 |
| Payroll taxes | $12,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,000 |
| Fees for services: Accounting | $51,175 |
| 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 | -$106,586 |
| Information technology | $40,045 |
| Royalties | $0 |
| Occupancy | $3,666 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,395 |
| Interest | $0 |
| Payments to affiliates | $2,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,703 |
| All other expenses | $0 |
| Total functional expenses | $500,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $804,981 |
| 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 | $125,407 |
| Inventories for sale or use | $66,616 |
| Prepaid expenses and deferred charges | $2,700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,145,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,145,558 |
| 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 | $6,799,821 |
| Total liabilities | $6,799,821 |
| 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 | $5,345,737 |
| Total liabilities and net assets/fund balances | $12,145,558 |