Contemplative Outreach Ltd
- Assets
- $1.4m
- Revenue
- $853.0k
- Investments
- $0.0
- Employees
- 5
- Location
- West Milford, NJ
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 13-3345685
Organization Overview
Contemplative Outreach Ltd is located in West Milford, NJ. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Contemplative Outreach Ltd employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Contemplative Outreach Ltd 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 12/2023, Contemplative Outreach Ltd generated $853.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $796.9k 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
TO RENEW THE CONTEMPLATIVE DIMENSION OF THE GOSPEL IN EVERY DAY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING THE PRACTICE OF CENTERING PRAYER AND THE CONTEMPLATIVE CHRISTIAN LIFE THROUGH PUBLICATIONS, PROGRAMS, RETREATS AND FORMATION OPPORTUNITIES, AS WELL AS THROUGH ONLINE COURSES AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Quest Facilitator | OfficerTrustee | 1 | $0 |
Jim Mcelroy Secretary | OfficerTrustee | 1 | $0 |
Diane Ryan Treasurer | OfficerTrustee | 1 | $0 |
Patricia Johnson Member | Trustee | 1 | $0 |
Tom Carr Member | Trustee | 1 | $0 |
Mary Dwyer Member | Trustee | 1 | $0 |
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 | $762,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,284 |
| Total Program Service Revenue | $0 |
| Investment income | $30,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $37,362 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,248 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $853,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,298 |
| Grants and other assistance to domestic individuals. | $28,269 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,159 |
| Pension plan accruals and contributions | $17,882 |
| Other employee benefits | $66,300 |
| Payroll taxes | $29,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,723 |
| Fees for services: Accounting | $21,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,344 |
| Advertising and promotion | $0 |
| Office expenses | $1,995 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,177 |
| Travel | $40,179 |
| 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 | $0 |
| Insurance | $1,286 |
| All other expenses | $672 |
| Total functional expenses | $796,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,806 |
| Savings and temporary cash investments | $104,689 |
| Pledges and grants receivable | $5,000 |
| 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 | $110,250 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $937,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,406,489 |
| Accounts payable and accrued expenses | $29,876 |
| 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 | $29,876 |
| Net assets without donor restrictions | $1,299,924 |
| Net assets with donor restrictions | $76,689 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,406,489 |