Opus Caritatis Inc
- Assets
- $312.5m
- Revenue
- $5.4m
- Investments
- $281.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 20-1021326
Organization Overview
Opus Caritatis Inc is located in Los Angeles, CA. The organization was established in 1946. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Opus Caritatis 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 06/2021, Opus Caritatis Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 9.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE FINANCIAL SUPPORT TO CATHOLIC CHARITIES OF LOS ANGELES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERATED INCOME FROM INVESTMENTS TO SUPPORT CATHOLIC CHARITIES OF LOS ANGELES, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonifacio Bonny Garcia President | OfficerTrustee | 1 | $0 |
Rev Msgr Gregory A Cox Vice President | OfficerTrustee | 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 | $0 |
| Investment income | $4,767,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $612,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,379,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,071,385 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,317 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,222,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,552 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,352,256 |
| Investments—other securities | $281,170,676 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $312,541,484 |
| Accounts payable and accrued expenses | $1,411,253 |
| 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 | $1,411,253 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $311,130,231 |
| 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 | $312,541,484 |
Grants Awarded
Over the last fiscal year, Opus Caritatis Inc has awarded $9,865,248 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: AID CHARITABLE ACTIVITIES OF CCLA | $3,648,190 |
Los Angeles, CA PURPOSE: AID CHARITABLE ACTIVITIES OF CCLA | $3,648,190 |
Carlsbad, CA PURPOSE: AID CHARITABLE ACTIVITIES | $1,284,434 |
Carlsbad, CA PURPOSE: AID CHARITABLE ACTIVITIES | $1,284,434 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Opus Caritatis Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Delapena Foundation Inc New York, NY PURPOSE: GENERAL PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |
Fairbrook Foundation Los Angeles, CA | $45,940,000 | $4,530,945 |