Roncalli Institute Inc
- Assets
- $2.3m
- Revenue
- $161.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Portland, CT
- Founding
- 05/1976
- Data as of
- 09/2023
- EIN
- 06-0972317
Organization Overview
Roncalli Institute Inc is located in Portland, CT. The organization was established in 1976. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 09/2023, Roncalli Institute Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Roncalli Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Roncalli Institute Inc generated $161.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. 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
HOUSING AND WELFARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE EXPENSES ARE ALL RELATED TO THE ORGANIZATION'S FUNCTION OF PROVIDING HOUSING AND WELFARE SERVICES FOR ELDERLY INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Callan Chairman/secretary | OfficerTrustee | 20 | $0 |
John Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Ramsay CFO | Officer | 40 | $122,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $162,652 |
| Investment income | $63,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$64,918 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,467,610 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,009 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,934 |
| Fees for services: Management | $47,721 |
| Fees for services: Legal | $4,450 |
| Fees for services: Accounting | $8,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $643 |
| Office expenses | $5,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,610 |
| All other expenses | $0 |
| Total functional expenses | $1,619,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,747 |
| Savings and temporary cash investments | $1,021,928 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,999 |
| Net Land, buildings, and equipment | $1,036,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,273,626 |
| Accounts payable and accrued expenses | $155,095 |
| 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 | $0 |
| Total liabilities | $155,095 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,788,459 |
| Paid-in or capital surplus, or land, building, or equipment fund | $170,000 |
| Retained earnings, endowment, accumulated income, or other funds | $160,072 |
| Total liabilities and net assets/fund balances | $2,273,626 |
Grants Awarded
Over the last fiscal year, Roncalli Institute Inc has awarded $310,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY APOSTLES COLLEGE AND SEMINARY PURPOSE: SCHOLARSHIPS | $10,000 |
ST CLEMENTS FOUNDATION INC PURPOSE: HELP NEEDY | $300,000 |