Institute For Advanced Catholic Studies is located in Los Angeles, CA. The organization was established in 1999. According to its NTEE Classification (X05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Institute For Advanced Catholic Studies employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Advanced Catholic Studies 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, Institute For Advanced Catholic Studies generated $1.1m 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 (16.5%) each year. All expenses for the organization totaled $770.4k during the year ending 06/2021. 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
THE INSTITUTE'S MISSION IS TO CONDUCT RESEARCH ON KEY ISSUES FACING SOCIETY TO HELP BOTH THE CHURCH AND SOCIETY DEAL THOUGHTFULLY WITH THE MAJOR ISSUES THEY FACE GLOBALLY. THE INSTITUTE ALSO SPONSORS AND CONDUCTS RESEARCH AND SCHOLARSHIP ON ALL ASPECTS OF THE CATHOLIC TRADITION, CULTURAL/ECCLESIAL HERITAGE OF CATHOLICISM, AND DISSEMINATE THE RESULTS OF SUCH RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE DEVELOPS DISTINCTIVE INTELLECTUAL CAPITAL BY STUDYING THE LONG AND RICH CATHOLIC INTELLECTUAL TRADITION. THAT TRADITION INCLUDES NOT ONLY BRILLIANT THEOLOGIANS AND PHILOSOPHERS, BUT ALSO SCIENTISTS, SOCIAL SCIENTISTS, HISTORIANS, POETS, WRITERS, ARTISTS, ARCHITECTS AND MUSICIANS. THE INSTITUTE PROMOTES UNDERSTANDING, CRITIQUING, AND DEVELOPING CATHOLIC INTELLECTUAL LIFE FOR THE SERVICE NOT ONLY OF THE CHURCH, BUT ALL RELIGIONS, ESPECIALLY AS IT DEDICATES ITSELF TO THE COMMON GOOD. THE INSTITUTE DRAWS UPON AN INTERNATIONAL GROUP OF SCHOLARS, ALL OF WHOM, WHATEVER THEIR RELIGIOUS BACKGROUND OR SCHOLARLY DISCIPLINE, SEEK TO UNDERSTAND CATHOLICISM AND ITS VALUE FOR THE WORLD TODAY. THE INSTITUTE'S RESEARCH, PUBLICATIONS, CONFERENCES, AND ARTICLES ARE INTERNATIONALLY RECOGNIZED AS THOUGHTFUL CONTRIBUTIONS TO THE UNDERSTANDING, CLARIFICATION AND RESOLUTION OF MAJOR ISSUES FACING THE CHURCH, RELIGIONS AND GLOBAL SOCIETY. SINCE 2007, THE INSTITUTE HAS ORGANIZED AN ANNUAL LECTURE SERIES AT USC WHICH PROVIDES A VENUE FOR EXAMINING RELIGION AND PUBLIC LIFE BY FEATURING THE WORK OF SCHOLARS, JOURNALISTS, ARTISTS, AND LEADERS. THROUGH A RANGE OF MEETINGS, COLLOQUIA, CONFERENCES AND SEMINARS, THE INSTITUTE COORDINATES AND SPONSORS SCHOLARSHIP ON A NUMBER OF CORE THEMES AS FOLLOWS: THE TRUE WEALTH OF NATIONS; CATHOLIC SOCIAL THOUGHT AND ECONOMICS .EDUCATION; CATHOLIC AND INTERRELIGIOUS; CATHOLIC TRADITION AND THE EXERCISE OF AUTHORITY; THE GENERATIONS IN DIALOGUE; INTERRELIGIOUS AND ECUMENICAL TOPICS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rebecca King Cerling Executive Dir. | OfficerTrustee | 40 | $110,872 |
Rev Dennis Holtschneider Cm Chairman | OfficerTrustee | 1 | $0 |
Rev Dorian Llywelyn Sj President | OfficerTrustee | 40 | $0 |
John Bessolo Trustee | Trustee | 1 | $0 |
Dominic Doyle Trustee | Trustee | 1 | $0 |
Ton Condon Trustee | Trustee | 1 | $0 |
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 | $913,390 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $913,390 |
Total Program Service Revenue | $0 |
Investment income | $201,413 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $507 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $11,025 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,126,335 |
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. | $110,872 |
Compensation of current officers, directors, key employees. | $36,998 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $354,277 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $69,960 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $43,959 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $22,147 |
Fees for services: Other | $0 |
Advertising and promotion | $29,957 |
Office expenses | $40,912 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,471 |
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 | $12,221 |
All other expenses | $10,663 |
Total functional expenses | $770,434 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $93,876 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $489,013 |
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 | $4,360 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $8,595,976 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,005,652 |
Total assets | $10,188,877 |
Accounts payable and accrued expenses | $39,208 |
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 | $39,208 |
Net assets without donor restrictions | $2,179,012 |
Net assets with donor restrictions | $7,970,657 |
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 | $10,188,877 |
Over the last fiscal year, we have identified 2 grants that Institute For Advanced Catholic Studies has recieved totaling $45,000.
Awarding Organization | Amount |
---|---|
C C Pascal Charitable Foundation Los Angeles, CA PURPOSE: GENERAL SUPPORT | $35,000 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: RELIGION | $10,000 |
Beg. Balance | $6,370,766 |
Earnings | $1,251,110 |
Ending Balance | $7,621,876 |
Organization Name | Assets | Revenue |
---|---|---|
Ner L Horeinu Inc Chandler, AZ | $142,997 | $11,075,234 |
Institute For Advanced Catholic Studies Los Angeles, CA | $10,188,877 | $1,126,335 |
Isaac Innovative Space For Asian American Christianity Los Angeles, CA | $69,608 | $91,523 |
The Institute For Spiritual Research Inc Sedona, AZ | $3,547,240 | $308,307 |
Prophecy Depot Ministries La Quinta, CA | $45,975 | $0 |
The Claremont Center For Reason Religion And Public Affairs Upland, CA | $64,223 | $0 |
Pacific Torah Institute Charitable Tr Henderson, NV | $5,306 | $59,667 |
New Era Religion Research Institute Henderson, NV | $15,488 | $0 |
Nalanda Institute Of Consciousness Studies And Research Concord, CA | $0 | $0 |
The Mugen Project Foundation Inc Moraga, CA | $0 | $0 |
Hopeland Albany, CA | $0 | $0 |