Ignatian Lay Volunteer Corps
- Assets
- $950.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 09/2021
- EIN
- 52-1885486
Organization Overview
Ignatian Lay Volunteer Corps is located in Baltimore, MD. The organization was established in 1946. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 09/2021, Ignatian Lay Volunteer Corps employed 27 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ignatian Lay Volunteer Corps 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 09/2021, Ignatian Lay Volunteer Corps generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.0m during the year ending 09/2021. While expenses have increased by 5.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IGNATIAN LAY VOLUNTEER CORPORATION (D/B/A IGNATIAN VOLUNTEER CORPS, D/B/A IVC) (THE ORGANIZATION) IS A RELIGIOUS NONPROFIT MARYLAND CORPORATION WHOSE PURPOSE IS TO PROVIDE MEN AND WOMEN AGE 50 AND OVER THE OPPORTUNITY TO SERVE THE NEEDS OF PEOPLE WHO ARE POOR, TO WORK FOR A MORE JUST SOCIETY, AND TO GROW DEEPER IN CHRISTIAN FAITH BY REFLECTING AND PRAYING IN THE IGNATIAN TRADITION. THE ORGANIZATION WAS FOUNDED BY JESUITS (SOCIETY OF JESUS) OF THE MARYLAND PROVINCE IN RESPONSE TO GENERAL CONGREGATION 34 OF THE SOCIETY OF JESUS. THE ORGANIZATION IS INDEPENDENT AND LAY LED, AND FIRMLY COMMITTED TO MAINTAINING ITS IGNATIAN CHARACTER AND ITS STRONG TIES TO THE SOCIETY OF JESUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUIT, PLACE & SUPPORT VOLUNTEERS AGE 50 & OLDER FOR COMMUNITY SERVICE IN VARIOUS STATES. OFFERS A NATIONWIDE PROGRAM OF COMMUNITY SERVICE TO HELP INDIVIDUALS & FAMILIES IMPROVE THEIR QUALITY OF LIFE AS WELL AS PROVIDING MEANINGFUL SERVICE OPPORTUNITIES FOR ADULTS 50 AND OLDER AND AFFORDING THOSE SERVICE CORPS MEMBERS RESOURCES TO FACILITATE THEIR SPIRITUAL GROWTH. IT BUILDS ON EXISTING COMMUNITY RESOURCES, DEVELOPING PARTNERSHIPS WITH LOCAL NON-PROFIT AGENCIES WORKING TO STRENGTHEN AND SUPPORT COMMUNITIES AND THEIR RESIDENTS. IN THE CURRENT FISCAL YEAR, THE NUMBER OF SERVICE CORPS MEMBERS REMAINS ON TREND AT 341 VOLUNTEERS. SERVICE CORPS MEMBERS WORKED WITH LOCAL NONPROFITS IN THEIR COMMUNITIES DEDICATED TO HELPING PEOPLE IN NEED TO OVERCOME POVERTY AND STRUCTURAL BARRIERS TO ACHIEVE THEIR FULL POTENTIAL. SERVICE CORPS MEMBERS WORKED IN MANY SECTORS AND FUNCTIONS, APPLYING THEIR SKILLS AND EXPERIENCE IN EDUCATION, HOUSING, ADULT LITERACY, EMPLOYMENT, REFUGEE RESETTLEMENT, AND MANY OTHER AREAS. IVC RECOGNIZES THE SYMBIOTIC RELATIONSHIP BETWEEN OUR MEMBER'S SPIRITUALITY AND THEIR COMMITMENT TO SERVE THOSE IN NEED. WE BELIEVE WHEN A SERVICE CORPS MEMBER'S SPIRITUALITY IS FORTIFIED BY PRAYER, REFLECTION AND COMMUNITY, IT LEADS TO A VOLUNTEER EXPERIENCE FILLED WITH DEEP MEANING, COURAGE, AND HOPE! TO THAT END, THE MEMBERS OF THE IVC SERVICE CORPS MEET MONTHLY FOR COMMUNITY PRAYER AND SHARING ON THEIR SERVICE EXPERIENCES. THEY ARE ENCOURAGED TO KEEP A PRIVATE PRAYER JOURNAL AND MEET WITH A SPIRITUAL REFLECTOR TO HELP THEM SEE THEIR VOLUNTEER WORK AS AN EXPRESSION OF THEIR FAITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Mcginnityex Officio President & CEO | OfficerTrustee | 60 | $105,000 |
Mary Baudouin Secretary | OfficerTrustee | 1 | $0 |
Jim Tracy Treasurer | OfficerTrustee | 2 | $0 |
Kevin Kane Director | OfficerTrustee | 2 | $0 |
Jim Swope Chair | OfficerTrustee | 1 | $0 |
Mary Podesta Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $943,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,460 |
| Total Program Service Revenue | $634,119 |
| 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 | $234,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,049,175 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,186,648 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,792 |
| Payroll taxes | $97,269 |
| Fees for services: Management | $91,201 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $145,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,046 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $103,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,000 |
| Travel | $10,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,592 |
| Interest | $7,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,065 |
| Insurance | $16,510 |
| All other expenses | $0 |
| Total functional expenses | $1,977,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $199,009 |
| Accounts receivable, net | $246,884 |
| 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 | $37,653 |
| Net Land, buildings, and equipment | $7,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,612 |
| Total assets | $950,068 |
| Accounts payable and accrued expenses | $100,868 |
| Grants payable | $0 |
| Deferred revenue | $504,766 |
| 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 | $159,091 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $764,725 |
| Net assets without donor restrictions | $185,343 |
| 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 | $950,068 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ignatian Lay Volunteer Corps has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
The Crimsonbridge Foundation Inc Washington, DC PURPOSE: EDUCATION IMPERATIVE - CAPACITY BUILDING FOR CATHOLIC SCHOOLS | $9,000 |
Simons Family Foundation Glenview, IL PURPOSE: MINISTRIES | $5,000 |