Arlington Catholic Herald Inc
- Assets
- $2.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Arlington, VA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 54-1010341
Organization Overview
Arlington Catholic Herald Inc is located in Arlington, VA. 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 06/2022, Arlington Catholic Herald Inc employed 16 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Arlington Catholic Herald 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 06/2021, Arlington Catholic Herald Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. 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
TO PUBLISH AND DISTRIBUTE A NEWSPAPER FOR THE EDUCATION AND ENLIGHTENMENT OF THE PEOPLE OF THE CATHOLIC DIOCESE OF ARLINGTON. THE PRIMARY AUDIENCE INCLUDES THE ACTIVE AND FAITHFUL CATHOLICS OF THE DIOCESE OF ARLINGTON; SECONDARILY, WE REACH OUT TO THE FALLEN AWAY CATHOLICS, IN AN EFFORT TO BRING THEM BACK IN RECONCILIATION WITH THE CHURCH; THIRD, THE HERALD ACTS AS A TOOL FOR EVANGELIZING THOSE NON-CATHOLICS WITHIN NORTHERN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF CATHOLIC NEWSPAPER:WEEKLY PUBLICATION OF THE ARLINGTON CATHOLIC HERALD NEWSPAPER; TO PROVIDE MEANS OF CATHOLIC INFORMATION TO PARISHIONERS AND OTHERS IN THE DIOCESE OF ARLINGTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy R Cotnoir Treasurer | OfficerTrustee | 2 | $0 |
Billy Atwell Director | Trustee | 1 | $0 |
Mark Herrmann Secretary | OfficerTrustee | 1 | $0 |
Ward Jones Director | Trustee | 1 | $0 |
Joseph Vorbach Director | Trustee | 1 | $0 |
Rev Robert J Rippy Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $319 |
| Investment income | $240,414 |
| 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 | $2,744,696 |
| Statement of Expenses | |
|---|---|
| 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. | $55,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $908,467 |
| Pension plan accruals and contributions | $84,085 |
| Other employee benefits | $75,924 |
| Payroll taxes | $76,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,011 |
| Advertising and promotion | $6,456 |
| Office expenses | $510,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,034 |
| Travel | $2,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,379 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,316,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,260 |
| Savings and temporary cash investments | $1,812,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $366,587 |
| 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 | $32,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,675,214 |
| Accounts payable and accrued expenses | $155,411 |
| Grants payable | $0 |
| Deferred revenue | $736,861 |
| 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 | $8,928 |
| Total liabilities | $901,200 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,774,014 |