Catholic Volunteer Network
- Assets
- $1.0m
- Revenue
- $246.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Bethesda, MD
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 52-1106192
Organization Overview
Catholic Volunteer Network is located in Bethesda, MD. The organization was established in 1946. 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 06/2023, Catholic Volunteer Network employed 7 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Volunteer Network 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 06/2023, Catholic Volunteer Network generated $246.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $503.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catholic Volunteer Network has awarded 97 individual grants totaling $1,691,574. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DOMESTIC & INTERNATIONAL FAITH-BASED SERVICE TO PEOPLE OF ALL BACKGROUNDS, AGES & SKILLS.
Describe the Organization's Program Activity:
SISTERS INSPIRE - A PROGRAM THAT EXPANDS THE MINISTRIES AND CHARISM OF SISTERS' CONGREGATIONS THROUGH COMPREHENSIVE STAFF AND VOLUNTEER TRAINING FOR A COHORT OF THREE SISTERS-SPONSORED SERVICE PROGRAMS. PROGRAMS RECEIVED TRAINING AND SUPPORT FROM CVN TO DEVELOP MODELS OF FAITH-BASED SERVICE THAT BETTER SUPPORT VOLUNTEERS FROM DIVERSE BACKGROUNDS AND PROMOTE COMMUNITY PARTNERSHIP.
MISSION APPEALS, PUBLIC RELATIONS AND OTHER PROGRAMS.
RECRUITMENT - CVN RECRUITS VOLUNTEERS FOR DOMESTIC AND INTERNATIONAL SERVICE WITHIN ITS MEMBER PROGRAMS. IT DOES THIS THROUGH ITS ANNUAL DIRECTORY OF SERVICE OPPORTUNITIES, ITS WEBSITE, AND BY TRAVELING TO MORE THAN 100 COLLEGES AND UNIVERSITIES FOR VOLUNTEER FAIRS. SUCH RECRUITMENT BENEFITS THOUSANDS OF PEOPLE IN NEED WHO ARE SERVED BY THESE VOLUNTEERS. IN ADDITION, CVN RECRUITS VOLUNTEER PROGRAMS FOR MEMBERSHIP IN THE ORGANIZATION. CURRENTLY, CVN HAS ABOUT 100 MEMBERS ACROSS THE U.S.
MEMBER SERVICES - PROVIDE MEMBER PROGRAMS AND OTHERS INTERESTED IN PROMOTING VOLUNTEER SERVICE THE OPPORTUNITY TO COME TOGETHER AND TO LEARN MORE EFFECTIVE WAYS OF OPERATING VOLUNTEER PROGRAMS AND FOSTERING THE ROLE OF LAITY IN MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom King Chair | OfficerTrustee | 1 | $0 |
Kate Daly Vice-Chair | OfficerTrustee | 1 | $0 |
Adrienne Andrews Treasurer | OfficerTrustee | 1 | $0 |
Rachel Bruns Secretary | OfficerTrustee | 1 | $0 |
Heidi Aspinwall Director | Trustee | 1 | $0 |
Colin Crowell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,488 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,496 |
| Total Program Service Revenue | $116,776 |
| Investment income | $14,222 |
| 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 | $245,950 |
| 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. | $107,117 |
| Compensation of current officers, directors, key employees. | $690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,929 |
| Pension plan accruals and contributions | $147 |
| Other employee benefits | $3,331 |
| Payroll taxes | $15,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,817 |
| Advertising and promotion | $5,143 |
| Office expenses | $35,264 |
| Information technology | $12,985 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,249 |
| Interest | $2,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,998 |
| Insurance | $6,365 |
| All other expenses | $24,588 |
| Total functional expenses | $503,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $95,121 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,814 |
| 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 | $134 |
| Investments—publicly traded securities | $891,022 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,006,191 |
| Accounts payable and accrued expenses | $14,714 |
| Grants payable | $0 |
| Deferred revenue | $47,966 |
| 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 | $62,680 |
| Net assets without donor restrictions | $923,511 |
| Net assets with donor restrictions | $20,000 |
| 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 | $1,006,191 |
Grants Awarded
Over the last fiscal year, Catholic Volunteer Network has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LORETTO LITERARY AND BENEVOLENT INSTITUTION PURPOSE: Sisters Inspire Initiative | $10,000 |
SISTERS OF ST JOSEPH PURPOSE: Sisters Inspire Initiative | $10,000 |
DAUGHTERS OF CHARITY PURPOSE: Sisters Inspire Initiative | $10,000 |