Lithuanian Catholic Religious Aid Inc
- Assets
- $21.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Maspeth, NY
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 11-2326652
Organization Overview
Lithuanian Catholic Religious Aid Inc is located in Maspeth, NY. The organization was established in 1964. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lithuanian Catholic Religious Aid 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 12/2021, Lithuanian Catholic Religious Aid Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $829.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LRCA SUPPORTS THE CATHOLIC CHURCH AND ITS INSTITUTIONS IN LITHUANIA & DISPORA
Describe the Organization's Program Activity:
Part 3 - Line 4a
LCRA IS AN ORGANIZATION DEVOTED TO ASSISTING THE CATHOLIC CHURCH AND IT'S INSTITUTIONS IN LITHUANIA. ASSISTANCE IS PROVIDED TO CATHOLIC PARISHES AND DIOCESES AND CATHOLIC SOCIAL WELFARE AGENCIES IN LITHUANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Msgr Edmundas Putrimas Chairman Of Board | OfficerTrustee | 3 | $0 |
Archbishop Gintaras Grusas I Vice President | OfficerTrustee | 3 | $0 |
Rev John Puodziunas Ofm Ii Vice President | OfficerTrustee | 3 | $0 |
Rev Gediminas Kersys Iii Vice President | OfficerTrustee | 3 | $0 |
O Vytautas Prunskis Treasurer | OfficerTrustee | 3 | $0 |
Dr Aldona Lingertat Corporate Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,300 |
| Investment income | $312,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $803,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $446,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,306 |
| Fees for services: Accounting | $82,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,321 |
| Fees for services: Other | $38,897 |
| Advertising and promotion | $6,474 |
| Office expenses | $13,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,752 |
| Insurance | $42,475 |
| All other expenses | $0 |
| Total functional expenses | $829,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,579,908 |
| Savings and temporary cash investments | $0 |
| 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 | $4,750 |
| Investments—publicly traded securities | $16,648,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,108,366 |
| Accounts payable and accrued expenses | $13,250 |
| 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 | $3,848,379 |
| Total liabilities | $3,861,629 |
| Net assets without donor restrictions | $9,326,929 |
| Net assets with donor restrictions | $7,919,808 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $17,246,737 |