Ladies Of Co Inc Catholic is located in Gahanna, OH. The organization was established in 1942. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Ladies Of Co Inc Catholic employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Ladies Of Co Inc Catholic is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Ladies Of Co Inc Catholic generated $17.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $17.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A FRATERNAL BENEFIT SOCIETY MEETING THE NEEDS OF INDIVIDUALS BY PROVIDING SECURE FINANCIAL PRODUCTS, FELLOWSHIP AND SERVICE TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL LIFE INSURANCE SOLD TO MEMBERS, DONATIONS TO CHARITIES, PROMOTION OF EDUCATION THROUGH SCHOLARSHIPS, AND SERVICE TO APPROXIMATELY 10,000 TOTAL MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Loni A Perkins Chief Operating Officer | Officer | 35 | $75,597 |
Fairy Wagner President | OfficerTrustee | 8 | $38,958 |
Alice Teynor Vice President | OfficerTrustee | 2 | $15,795 |
Irene Borror Secretary | OfficerTrustee | 2 | $7,095 |
Lydia Rall Director | Trustee | 2 | $4,014 |
Theresa Brodman Director | Trustee | 2 | $4,014 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allen Baily & Associates Actuarial | 12/30/21 | $151,858 |
Parkway Advisors Lp Asset Manager | 12/30/21 | $277,688 |
The Union Banking Co Insurance Sales | 12/30/21 | $201,027 |
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 | $12,191,383 |
Investment income | $5,349,079 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $206,810 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,769,502 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $25,900 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $11,275,084 |
Compensation of current officers, directors, key employees. | $105,916 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $181,032 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $64,542 |
Payroll taxes | $35,204 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,053 |
Fees for services: Accounting | $17,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $311,899 |
Fees for services: Other | $176,883 |
Advertising and promotion | $46,378 |
Office expenses | $79,718 |
Information technology | $62,504 |
Royalties | $0 |
Occupancy | $61,401 |
Travel | $3,947 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $24,403 |
Interest | $19,252 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,230 |
Insurance | $0 |
All other expenses | $35,690 |
Total functional expenses | $17,643,882 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $734,512 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,480 |
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 | $6,744 |
Investments—publicly traded securities | $135,324,675 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,750,948 |
Total assets | $138,820,359 |
Accounts payable and accrued expenses | $21,955 |
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 | $134,534,357 |
Total liabilities | $134,556,312 |
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 | $4,264,047 |
Total liabilities and net assets/fund balances | $138,820,359 |
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