Confraternity Of Our Lady Of Grace
- Assets
- $834.8k
- Revenue
- $111.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Millbrae, CA
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 23-7304589
Organization Overview
Confraternity Of Our Lady Of Grace is located in Millbrae, CA. The organization was established in 2011. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Confraternity Of Our Lady Of Grace is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Confraternity Of Our Lady Of Grace generated $111.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $117.7k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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.
Since 2014, Confraternity Of Our Lady Of Grace has awarded 116 individual grants totaling $404,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR FELLOWSHIP WITH OTHER DEVOTED MEMBERS OF THE ROMAN CATHOLIC CHURCH. TO PROVIDE OPPORTUNITIES FOR FELLOWSHIP WITH OTHER DEVOTED MEMBERS OF THE ROMAN CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENJOY MUTUAL FELLOWSHIP WITH LIKE MINDED DEVOTEES TO THE HOLY ROMAN CATHOLIC CHURCH. TO PROVIDE FINANCIAL SUPPORT TO RELIGIOUS ORGANIZATIONS AND PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Figone President | OfficerTrustee | 3 | $4,800 |
Augustine Buonocore Chairman | OfficerTrustee | 2 | $3,600 |
Carla Del Carlo Secretary | OfficerTrustee | 2 | $2,400 |
Liliana Mangini Treasurer | OfficerTrustee | 5 | $2,400 |
Adolfo Del Carlo Director | Trustee | 2 | $0 |
Agostino Figone Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $336 |
| 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 | $336 |
| Total Program Service Revenue | $0 |
| Investment income | $16,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,000 |
| Grants and other assistance to domestic individuals. | $600 |
| 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 | $13,200 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $2,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,102 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $341 |
| 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 | $49 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,486 |
| All other expenses | $0 |
| Total functional expenses | $117,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,528 |
| Savings and temporary cash investments | $45,885 |
| 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 | $762,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $834,837 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,443 |
| Total liabilities | $5,443 |
| Net assets without donor restrictions | $0 |
| 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 | $829,394 |
| Total liabilities and net assets/fund balances | $834,837 |
Grants Awarded
Over the last fiscal year, Confraternity Of Our Lady Of Grace has awarded $71,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $6,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $5,000 |
EPILEPSY FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
ST ANTHONYS PURPOSE: GENERAL SUPPORT | $5,000 |
NATIONAL FOUNDATION FOR CANCER RESEARCH PURPOSE: GENERAL SUPPORT | $5,000 |
CHILDREN'S HOSPITAL - LA PURPOSE: HEMATOLOGY/ONCOLOGY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Lynch Tw-Closing Phoenix, AZ | $0 | $1,800,345 |
Missions Of Hope International Phoenix, AZ | $1,398,105 | $11,092,409 |
Foundation For Christianstewardship Irvine, CA | $2,166,053 | $1,632,635 |
Christian Foundation Of The West Inc Westlake Village, CA | $29,861,352 | $8,138,364 |
Shinnyo-En Foundation San Bruno, CA | $28,915,235 | $1,951,028 |
Libitzky Family Foundation San Francisco, CA | $16,385,031 | $1,879,741 |
Episcopal Impact Fund San Francisco, CA | $6,585,359 | $2,213,656 |
Joseph J Storey Charitable Remainder Unitrust Las Vegas, NV | $7,569,430 | $1,397,221 |
Spiritual Care Link Foundation Scottsdale, AZ | $356,325 | $815,410 |
Shedry Dar Foundation Mesa, AZ | $4,092,490 | $2,757,316 |
Global Assistance Partner La Habra, CA | $431,832 | $683,902 |
Catholic Womens Guild Hawaii Kailua, HI | $0 | $290,181 |