Albany Catholic Press Assn Inc
- Assets
- $4.9m
- Revenue
- $830.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Albany, NY
- Founding
- 03/1946
- Data as of
- 12/2020
- EIN
- 14-1338304
Organization Overview
Albany Catholic Press Assn Inc is located in Albany, NY. The organization was established in 1946. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Albany Catholic Press Assn Inc employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Albany Catholic Press Assn 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 12/2020, Albany Catholic Press Assn Inc generated $830.0k 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 (4.0%) each year. All expenses for the organization totaled $973.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION OF THE NEWSPAPER HAS INCREASED THE CIRCULATION OF INFORMATION ON CURRENT ISSUES WITHIN THE CATHOLIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF THE NEWSPAPER HAS INCREASED THE CIRCULATION OF INFORMATION ON CURRENT ISSUES WITHIN THE CATHOLIC COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Matvey Assistant Treasurer/editor | Trustee | 35 | $81,200 |
Bishop Edward Scharfenberger Chairman | Officer | 1 | $0 |
Michael Lasch Treasurer | Officer | 1 | $0 |
Father David Lefort President | Officer | 1 | $0 |
Bob Bellafiore Secretary | Officer | 1 | $0 |
Mary Deturris Poust Vice President | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $745,278 |
| Investment income | $81,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $830,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,432 |
| Payroll taxes | $23,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,600 |
| 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 | $1,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,745 |
| 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 | $505 |
| Insurance | $2,820 |
| All other expenses | $42,532 |
| Total functional expenses | $973,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,544 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,459 |
| 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 | $1,739 |
| Net Land, buildings, and equipment | $3,222 |
| Investments—publicly traded securities | $4,776,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,885,493 |
| Accounts payable and accrued expenses | $71,881 |
| 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 | $27,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,660 |
| Total liabilities | $100,541 |
| Net assets without donor restrictions | $4,784,952 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,885,493 |
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|---|---|---|
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Commentary Inc New York, NY | $6,537,680 | $2,900,591 |
Swedenborg Foundation Inc West Chester, PA | $21,667,132 | $1,952,977 |
Paulist Press Inc Mahwah, NJ | $4,505,578 | $989,159 |
Moments With The Book Bedford, PA | $1,455,077 | $1,921,341 |
Presbyterian & Reformed Publishing Co Phillipsburg, NJ | $5,247,235 | $1,819,033 |
Heralds Of Hope Inc Breezewood, PA | $2,281,668 | $2,027,863 |
Chayenu Inc Brooklyn, NY | $453,060 | $1,363,073 |
Life-Study Fellowship Foundation Inc Darien, CT | $282,374 | $1,577,365 |
Catholic Star Herald Camden, NJ | $352,087 | $1,261,448 |