Ave Maria Press
- Assets
- $13.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 54
- Location
- Notre Dame, IN
- Founding
- 03/1946
- Data as of
- 04/2023
- EIN
- 35-1283188
Organization Overview
Ave Maria Press is located in Notre Dame, IN. 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 04/2023, Ave Maria Press employed 54 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ave Maria Press 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 04/2023, Ave Maria Press generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.2m during the year ending 04/2023. While expenses have increased by 2.8% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC PUBLISHING COMPANY THAT SERVES THE SPIRITUAL & FORMATIVE NEEDS OF THE CHURCH, ITS SCHOOLS, MINISTERS, INSTITUTIONS, CHRISTIANS AND THOSE SEEKING SPIRITUAL KNOWLEDGE.
Describe the Organization's Program Activity:
PUBLICATION AND DISTRIBUTION OF BOOKS AND OTHER RELIGIOUS TEXTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karey Circosta Publisher/ceo | OfficerTrustee | 37.5 | $158,994 |
Josh Noem Start 52022 Editorial Director/secretary | OfficerTrustee | 37.5 | $59,666 |
David Dits Start 112022 Director Of Finance | OfficerTrustee | 37.5 | $6,278 |
Dr John Cavadini Board Member | Trustee | 1 | $0 |
The Rev Kevin Sandberg Chairman | OfficerTrustee | 1 | $0 |
Mr Mike Coyne Board Member | Trustee | 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 | $156,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,241 |
| Total Program Service Revenue | $0 |
| Investment income | $122,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,996,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,631,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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. | $328,172 |
| Compensation of current officers, directors, key employees. | $328,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,160 |
| Pension plan accruals and contributions | $76,551 |
| Other employee benefits | $269,809 |
| Payroll taxes | $93,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,966 |
| Fees for services: Accounting | $28,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,909 |
| Advertising and promotion | $426,304 |
| Office expenses | $22,801 |
| Information technology | $12,668 |
| Royalties | $0 |
| Occupancy | $59,189 |
| Travel | $67,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,710 |
| Interest | $39,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,048 |
| Insurance | $12,070 |
| All other expenses | $190,063 |
| Total functional expenses | $3,179,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $224,296 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $828,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,090,303 |
| Prepaid expenses and deferred charges | $329,206 |
| Net Land, buildings, and equipment | $517,395 |
| Investments—publicly traded securities | $9,524,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,515,018 |
| Accounts payable and accrued expenses | $706,976 |
| Grants payable | $0 |
| Deferred revenue | $17,958 |
| 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 | $1,033,558 |
| Total liabilities | $1,758,492 |
| Net assets without donor restrictions | $11,756,526 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $13,515,018 |