Catholic Investment Services Inc
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Boston, MA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4354011
Organization Overview
Catholic Investment Services Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Catholic Investment Services Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Investment Services Inc 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 12/2022, Catholic Investment Services Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 6.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIALLY RESPONSIBLE INVESTMENTS FOR INSTITUTIONS, PROVIDE EDUCATION ABOUT SOCIALLY RESPONSIBLE INVESTING AND SUPPORT EDUCATIONAL PROJECTS; AND SPONSOR, ADMINISTER, AND/OR MANAGE POOLED INVESTMENT FUNDS INVESTED IN ACCORDANCE WITH SOCIALLY RESPONSIBLE INVESTMENT GUIDELINES PUBLISHED BY THE ROMAN CATHOLIC BISHOPS OF THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIALLY RESPONSIBLE INVESTMENTS FOR INSTITUTIONS, PROVIDE EDUCATION ABOUT SOCIALLY RESPONSIBLE INVESTING AND SUPPORT EDUCATIONAL PROJECTS; AND SPONSOR, ADMINISTER, AND/OR MANAGE POOLED INVESTMENT FUNDS INVESTED IN ACCORDANCE WITH SOCIALLY RESPONSIBLE INVESTMENT GUIDELINES PUBLISHED BY THE ROMAN CATHOLIC BISHOPS OF THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott C Malpass Chairman/director | OfficerTrustee | 1 | $0 |
John J Brennan Secretary/director | OfficerTrustee | 1 | $0 |
Thomas E Lanctot Ceo/president/treasurer/director | OfficerTrustee | 40 | $385,000 |
Joan A Payden Director | Trustee | 1 | $0 |
Paul Schott Stevens Director | Trustee | 1 | $0 |
Dixon Doll Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stradley Ronon Stevens & Young Llp Legal Services | 12/30/14 | $207,089 |
Peter Jeton Management Consulting | 12/30/14 | $106,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,210 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,160 |
| Total Program Service Revenue | $1,940,956 |
| Investment income | $529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,984,985 |
| 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. | $340,500 |
| Compensation of current officers, directors, key employees. | $102,150 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,500 |
| Pension plan accruals and contributions | $90,750 |
| Other employee benefits | $51,555 |
| Payroll taxes | $59,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,848 |
| Fees for services: Accounting | $105,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,101 |
| Advertising and promotion | $106,453 |
| Office expenses | $6,765 |
| Information technology | $37,410 |
| Royalties | $0 |
| Occupancy | $3,080 |
| Travel | $81,447 |
| 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 | $10,287 |
| Insurance | $34,377 |
| All other expenses | $0 |
| Total functional expenses | $1,926,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $815,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $158,916 |
| 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 | $80,236 |
| Net Land, buildings, and equipment | $386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $48,105 |
| Intangible assets | $7,451 |
| Other assets | $0 |
| Total assets | $1,125,933 |
| Accounts payable and accrued expenses | $381,138 |
| 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 | $381,138 |
| Net assets without donor restrictions | $729,795 |
| Net assets with donor restrictions | $15,000 |
| 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 | $1,125,933 |