Lithuanian Catholic Press Society
- Assets
- $28.0k
- Revenue
- $546.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 03/1945
- Data as of
- 12/2021
- EIN
- 36-1395573
Organization Overview
Lithuanian Catholic Press Society is located in Chicago, IL. The organization was established in 1945. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lithuanian Catholic Press Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lithuanian Catholic Press Society 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 12/2021, Lithuanian Catholic Press Society generated $546.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $550.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISHING A LITHUANIAN LANGUAGE NEWSPAPER THREE TIMES WEEKLY AND A MONTHLY ENGLISH LANGUAGE NEWSPAPER ON LITHUANIAN CULTURE
Describe the Organization's Program Activity:
PUBLICATION OF TWO NEWSPAPERS PROVIDING COMMUNITY NEWS, CULTURAL AND EDUCATIONAL PROGRAMS AND PROMOTIONS OF LITHUANIAN CATHOLIC RELIGIOUS ACTIVITY AND ANCILLARY ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vytas Stanevicius Director, President | OfficerTrustee | 20 | $0 |
Marija Remys Director, Secretary | OfficerTrustee | 10 | $0 |
Br Donald Schaeffer Director | Trustee | 1 | $0 |
FR William Hayward Director | Trustee | 1 | $0 |
FR Matthew Lamonreaux Director | Trustee | 1 | $0 |
Rev Kazimierz Chwalek Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,605 |
| Related organizations | $0 |
| Government grants | $48,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,504 |
| Total Program Service Revenue | $342,656 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,160 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,177 |
| Payroll taxes | $18,463 |
| Fees for services: Management | $30,687 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $648 |
| Office expenses | $17,505 |
| Information technology | $1,035 |
| Royalties | $0 |
| Occupancy | $27,908 |
| 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 | $8,798 |
| Total functional expenses | $550,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,985 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,985 |
| Accounts payable and accrued expenses | $20 |
| 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 | $20 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $27,965 |
| 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 | $27,985 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lithuanian Catholic Press Society has recieved totaling $36,700.
| Awarding Organization | Amount |
|---|---|
Oak Tree Philanthropic Foundation San Diego, CA PURPOSE: NEWS PUBLICATION | $28,000 |
Ateitis Relief Fund Inc Lemont, IL PURPOSE: GENERAL SUPPORT | $5,200 |
Kazickas Family Foundation Inc Sands Point, NY PURPOSE: GENERAL PURPOSES | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy College Of Health Sciences Des Moines, IA | $43,076,870 | $20,537,196 |
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Catholic Council For Social Concern Inc Des Moines, IA | $7,346,426 | $6,681,494 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
United States Catholic Conference Barrington, IL | $18,377,452 | $2,584,855 |
Margarets Village Chicago, IL | $1,100,543 | $2,234,749 |