St Vitus Endowment Corporation
- Assets
- $7.2m
- Revenue
- $326.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- Data as of
- 06/2022
- EIN
- 85-0560473
Organization Overview
St Vitus Endowment Corporation is located in Cleveland, OH. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Vitus Endowment Corporation 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 06/2022, St Vitus Endowment Corporation generated $326.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $596.4k during the year ending 06/2022. 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
1) TO PROVIDE FOR THE CONTINUED SUPPORT OF ST. VITUS PARISH; WITH PARISHIONERS, FRIENDS, AND BENEFACTORS OF THE PARISH DESIROUS OF MAKING A CONTRIBUTION IN SUPPORT OF THE CORPORATION. 2) TO ASSIST REGISTERED PARISHIONERS WHO ARE QUALIFIED TO RECEIVE FINANCIAL ASSISTANCE TO ATTEND TUITION-PAYING SCHOOLS FROM GRADES K-TO-16.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE CORPORATION COMPLETED THE BUILDING OF A PARISH HALL AND CONTINUED TO PROVIDE TEMPORAL RESOURCES AND ASSETS TO SUPPORT TO ST. VITUS PARISH.
IN 2021, THE CORPORATION DISBURSED 42,875 TO 69 ELIGIBLE PARISHIONERS IN ACCORDANCE WITH THE TERMS OF THE MIHEVC GRANTS PROGRAM, ESTABLISHED IN 1989.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev John C Retar President | OfficerTrustee | 2 | $0 |
Joseph V Hocevar Treasurer | OfficerTrustee | 1 | $0 |
Stane Kuhar Secretary | OfficerTrustee | 20 | $0 |
Greg Plassard Director | Trustee | 1 | $0 |
Edward D Cup Director | Trustee | 1 | $0 |
Dr Robert Graf Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,064 |
| Total Program Service Revenue | $0 |
| Investment income | $11,378 |
| 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 | $326,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $180,600 |
| Grants and other assistance to domestic individuals. | $39,575 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,757 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,848 |
| Insurance | $11,857 |
| All other expenses | $0 |
| Total functional expenses | $596,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,638 |
| 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 | $1,119,093 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,414,926 |
| Investments—publicly traded securities | $2,673,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,236,424 |
| Accounts payable and accrued expenses | $0 |
| 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 | $674,644 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $674,644 |
| Net assets without donor restrictions | $6,561,780 |
| 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 | $7,236,424 |