Knights Of Columbus
- Assets
- $109.5k
- Revenue
- $164.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Leominster, MA
- Founding
- 10/1940
- Data as of
- 12/2021
- EIN
- 04-2547283
Organization Overview
Knights Of Columbus, operating under the name Leominster Knights of Columbus #406, is located in Leominster, MA. The organization was established in 1940. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Leominster Knights of Columbus #406 is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Leominster Knights of Columbus #406 generated $164.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $155.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. 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
WE ARE A CATHOLIC MENS FRATERNAL ORGANIZATION. WE RAISE FUNDS FOR CHARITABLE CAUSES WITHIN OUR LOCALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PAID TO LOCAL HIGH SCHOOL SENIORS. / WAIVED IN 2021 DUE TO COVID
SMALL DONATIONS MADE TO DESERVING LOCAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce V Gallant Treasurer | OfficerTrustee | 15 | $10,400 |
Roger Clifford President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,873 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,738 |
| Total Program Service Revenue | $0 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,090 |
| 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 | $164,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,475 |
| 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. | $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 | $14,469 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,850 |
| 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 | $142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,924 |
| 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 | $1,479 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,132 |
| All other expenses | $1,536 |
| Total functional expenses | $155,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,010 |
| Savings and temporary cash investments | $14,701 |
| 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 | $50,000 |
| Investments—publicly traded securities | $19,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,477 |
| Accounts payable and accrued expenses | $3,606 |
| 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 | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $53,606 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $47,946 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,925 |
| Total liabilities and net assets/fund balances | $109,477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maimonides Benevolent Society Elmont, NY | $7,239,416 | $897,954 |
Fraternal Order Of Police Empire State Lodge Inc Hicksville, NY | $1,248,949 | $630,777 |
Independent Order Of Odd Fellows Abington, MA | $15,887,983 | $766,901 |
Fraternal Order Of Police Norton, MA | $117,728 | $633,890 |
Fraternal Order Of Police Providence, RI | $778,192 | $546,357 |
Knights Of Columbus Middle Village, NY | $170,307 | $586,121 |
Knights Of Columbus Salem, NH | $880,342 | $590,038 |
Knights Of Columbus Norwood, MA | $331,398 | $310,051 |
Sons Of Italy Of America Belmont, MA | $118,522 | $241,238 |
Sons Of Italy In America Blauvelt, NY | $315,136 | $206,376 |
Sons Of Italy In America Bellmore, NY | $360,509 | $253,483 |
Knights Of Columbus Cheektowaga, NY | $1,345,660 | $310,203 |