Knights Of Columbus
- Assets
- $28.8b
- Revenue
- $2.5b
- Investments
- $2.9b
- Employees
- 2,886
- Location
- New Haven, CT
- Founding
- 10/1940
- Data as of
- 12/2021
- EIN
- 06-0416470
Organization Overview
Knights Of Columbus is located in New Haven, CT. 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. As of 12/2021, Knights Of Columbus employed 2,886 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Knights Of Columbus 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, Knights Of Columbus generated $2.5b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.4b during the year ending 12/2021. While expenses have increased by 1.9% 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.
Since 2014, Knights Of Columbus has awarded 552 individual grants totaling $198,246,115. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A CATHOLIC FRATERNAL ORGANIZATION DEDICATED TO PROMOTING AND CONDUCTING EDUCATIONAL, CHARITABLE, RELIGIOUS AND SOCIAL WELFARE WORKS, RENDERING MUTUAL AID ASSISTANCE TO SICK AND NEEDY MEMBERS AND THEIR FAMILIES AND PROVIDING INSURANCE PRODUCTS AND ANNUITIES TO BENEFIT MEMBERS, WIVES AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR THE PAYMENT OF IRC SEC. 501(C)(8) BENEFITS TO MEMBERS, WIVES AND THEIR DEPENDENTS. KNIGHTS OF COLUMBUS IS A CATHOLIC FAMILY FRATERNAL SERVICE ORGANIZATION WITH OVER 2.0 MILLION MEMBERS, FOUNDED IN 1882 FOR THE FOLLOWING PURPOSES: (A) RENDERING AID TO ITS MEMBERS, THEIR FAMILIES AND BENEFICIARIES OF MEMBERS AND THEIR FAMILIES; (B) RENDERING MUTUAL AID AND ASSISTANCE TO ITS SICK, DISABLED AND NEEDY MEMBERS AND THEIR FAMILIES; (C) PROMOTING SOCIAL WORK AMONG ITS MEMBERS AND THEIR FAMILIES; AND (D) PROMOTING AND CONDUCTING EDUCATIONAL, CHARITABLE, RELIGIOUS SOCIAL WELFARE, WAR RELIEF AND WELFARE AND PUBLIC RELIEF WORK.TO MORE EFFECTIVELY CARRY OUT ITS PURPOSES THE CORPORATION, A CONNECTICUT SPECIALLY CHARTERED CORPORATION WITHOUT CAPITAL STOCK, PROVIDES COVERAGE FOR LIFE INSURANCE, LONG TERM CARE, DISABILITY INCOME AND ANNUITY BENEFITS TO MEMBERS, WIVES, WIDOWS AND MINOR CHILDREN PRINCIPALLY IN THE UNITED STATES AND CANADA. THE TOTAL IRC SEC. 501(C)(8) BENEFITS ACCRUED TO MEMBERS OF $2,021,481,411 WERE INCURRED FOR THE PURPOSE FOR WHICH THE ORGANIZATION IS EXEMPT. IN 2021, 24,423 DEATH CLAIMS WERE INCURRED. THE AVERAGE SIZE OF A LIFE INSURANCE CERTIFICATE IS $68,101. THE AVERAGE AGE OF A CERTIFICATE HOLDER IS 51.
PROGRAMS FOR EXPENSES INCURRED NECESSARY IN THE KNIGHTS OF COLUMBUS INSURANCE AND FRATERNAL ENDEAVORS.
PROGRAMS OF ASSISTANCE TO OTHER SOCIAL ACTION, EDUCATIONAL, CHARITABLE, BENEVOLENT, MORAL AND RELIGIOUS ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl A Anderson Director/past Supreme Knight | OfficerTrustee | 45 | $1,902,112 |
Patrick E Kelly Director/supreme Knight | OfficerTrustee | 45 | $1,159,239 |
John A Marrella Director/supreme Advocate | OfficerTrustee | 50 | $904,087 |
Anthony V Minopoli Director/chief Operating Officer | Trustee | 50 | $858,780 |
John J Kennedy Director/chief Financial Officer | OfficerTrustee | 50 | $670,207 |
Ronald R Sandoval Sr California General Agent | 45 | $637,028 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Webb Mason Inc Printing Services | 12/30/21 | $5,700,847 |
Computer Sciences Corporation It Services | 12/30/21 | $4,977,559 |
Ernst & Young Llp Consulting Services | 12/30/21 | $2,922,370 |
Taylor Corporation Hosting And Mailing Services | 12/30/21 | $2,730,437 |
Nesco Resource Staffing Services | 12/30/21 | $8,309,629 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,356,435,968 |
| Investment income | $1,069,019,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,115,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,548,075,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,608,066 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,315,914 |
| Benefits paid to or for members | $2,021,481,411 |
| Compensation of current officers, directors, key employees. | $8,960,307 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,152,033 |
| Pension plan accruals and contributions | $18,874,940 |
| Other employee benefits | $21,803,675 |
| Payroll taxes | $12,723,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,045,327 |
| Fees for services: Accounting | $1,627,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,228,051 |
| Fees for services: Other | $12,618,781 |
| Advertising and promotion | $124,987 |
| Office expenses | $17,547,005 |
| Information technology | $6,732,760 |
| Royalties | $0 |
| Occupancy | $4,715,196 |
| Travel | $3,742,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $894,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,759,960 |
| Insurance | $3,375,760 |
| All other expenses | $19,057,416 |
| Total functional expenses | $2,417,495,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,337,711 |
| Savings and temporary cash investments | $717,524,675 |
| 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 | $28,396,589 |
| Investments—publicly traded securities | $24,903,663,918 |
| Investments—other securities | $2,860,572,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,882,682 |
| Total assets | $28,849,378,345 |
| Accounts payable and accrued expenses | $92,752,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $658,682 |
| 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 | $26,093,872,430 |
| Total liabilities | $26,187,283,884 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $2,662,094,461 |
| Total liabilities and net assets/fund balances | $28,849,378,345 |
Grants Awarded
Over the last fiscal year, Knights Of Columbus has awarded $21,498,966 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: SUPPORT FOR SAINT JOHN PAUL II NATIONAL SHRINE | $8,822,721 |
New Haven, CT PURPOSE: SUPPORT FOR ACCREDITED EDUCATIONAL INSTITUTION | $2,220,000 |
New Haven, CT PURPOSE: DONATIONS TO VARIOUS DESIGNATED FUNDS | $1,827,246 |
Washington, DC PURPOSE: SUPPORT PROGRAMS | $1,754,405 |
New Haven, CT PURPOSE: SUPPORT PROGRAM SERVICES AND BUILDING MAINTENANCE | $1,100,000 |
New Haven, CT PURPOSE: SUPPORT MUSEUM OPERATIONS | $1,077,800 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Knights Of Columbus has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Barki Family Foundation Edmond, OK PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
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 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 |
Ancient Free & Accepted Mason Of Connecticut New Britain, CT | $1,435,901 | $242,066 |