Albany Catholic Press Assn Inc
- Assets
- $5.7m
- Revenue
- $983.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Albany, NY
- Founding
- 03/1946
- Data as of
- 12/2021
- 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 12/2022, Albany Catholic Press Assn Inc employed 7 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 12/2021, Albany Catholic Press Assn Inc generated $983.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $952.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Esposito Board Member | Trustee | 1 | $0 |
Rev Robert Hohenstein Board Member | Trustee | 1 | $0 |
James Mcguinness Board Member | Trustee | 1 | $0 |
Ron Masi Board Member | Trustee | 1 | $0 |
Phil Wajda Board Member | Trustee | 1 | $0 |
Paul Mcevoy Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $81,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $983,787 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $303,487 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,930 |
| Payroll taxes | $21,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| 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 | $2,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,969 |
| 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 | $483 |
| Insurance | $3,024 |
| All other expenses | $0 |
| Total functional expenses | $952,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,958 |
| 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 | $2,017 |
| Investments—publicly traded securities | $5,606,342 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,698,597 |
| Accounts payable and accrued expenses | $73,241 |
| 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 | $1,530 |
| Total liabilities | $74,771 |
| Net assets without donor restrictions | $5,623,826 |
| 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 |
| Total liabilities and net assets/fund balances | $5,623,826 |