Thomas Merton Institute For Catholic Life
- Assets
- $1.2m
- Revenue
- $981.1k
- Investments
- $0.0
- Employees
- 18
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-4334157
Organization Overview
Thomas Merton Institute For Catholic Life is located in New York, NY. 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 12/2023, Thomas Merton Institute For Catholic Life employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Thomas Merton Institute For Catholic Life 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 12/2023, Thomas Merton Institute For Catholic Life generated $981.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $460.1k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CATHOLIC FORMATION AND TO NOURISH FAITH THROUGH THE PASTORAL, LITURGICAL, AND SACRAMENTAL CAPACITIES OF THE CHAPLAINCY OF COLUMBIA CATHOLIC MINISRTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTENDANCE AT DAILY AND WEEKLY LITURGICAL SERVICES. CATHOLIC MASS AND EXPOSITION OF THE BLESSED SACRAMENT HAS STEADILY INCREASED DURING THE YEAR AS LED BY OUR CHAPLAIN. NUMBERS FOR DAILY WORSHIP HAVE REACHED THE 30 TO 35 AND FOR SUNDAY MASS120 TO 150 PARTICIPANTS. SUNDAY SERVICE IS FOLLOWED BY A DINNER THAT FOSTERS COMMUNITY AMONGST THE CATHOLIC AND NON CATHOLIC PARTICIPATING STUDENTS AT COLUMBIA UNIVERSITY. THIS IS ONE OF THE INSTITUTES GOALS AND ONE OF COLUMBIA UNIVERSITYS GREATEST NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Oakley CEO | OfficerTrustee | 20 | $50,400 |
Brian Mcauliffe President | OfficerTrustee | 2 | $0 |
Donald Landry Chairman | OfficerTrustee | 1 | $0 |
Luis Tellez Trustee | Trustee | 1 | $0 |
Gerard Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Katherine Carson Straus Secretary | OfficerTrustee | 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 | $981,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $981,113 |
| Total Program Service Revenue | $0 |
| Investment income | $23 |
| 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 | $981,136 |
| 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. | $50,400 |
| Compensation of current officers, directors, key employees. | $16,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,206 |
| Payroll taxes | $16,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,900 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,510 |
| Information technology | $16,617 |
| Royalties | $0 |
| Occupancy | $77,515 |
| Travel | $0 |
| 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 | $32,529 |
| Insurance | $11,156 |
| All other expenses | $0 |
| Total functional expenses | $460,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,297 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $942,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,175,078 |
| Accounts payable and accrued expenses | $4,418 |
| 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 | $4,418 |
| Net assets without donor restrictions | $1,170,660 |
| 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 | $1,175,078 |