Contemplative Outreach Ltd
- Assets
- $1.6m
- Revenue
- $765.2k
- Investments
- $0.0
- Employees
- 6
- Location
- West Milford, NJ
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 13-3345685
Organization Overview
Contemplative Outreach Ltd is located in West Milford, NJ. The organization was established in 1946. 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 12/2021, Contemplative Outreach Ltd employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Contemplative Outreach Ltd 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 12/2021, Contemplative Outreach Ltd generated $765.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $764.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
TO RENEW THE CONTEMPLATIVE DIMENSION OF THE GOSPEL IN EVERY DAY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING THE PRACTICE OF CENTERING PRAYER AND THE CONTEMPLATIVE CHRISTIAN LIFE THROUGH PUBLICATIONS, PROGRAMS, RETREATS AND FORMATION OPPORTUNITIES, AS WELL AS THROUGH ONLINE COURSES AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Yates Administrator | OfficerTrustee | 40 | $72,953 |
Julie Saad Facilitator | OfficerTrustee | 1 | $0 |
Carol Quest Secretary | OfficerTrustee | 1 | $0 |
Pat Johnson Treasurer | OfficerTrustee | 1 | $0 |
Jenny Adamson Co-Facilitator | OfficerTrustee | 1 | $0 |
Tom Smith Member | 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 | $677,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,245 |
| Total Program Service Revenue | $0 |
| Investment income | $36,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $37,338 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $765,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,250 |
| Grants and other assistance to domestic individuals. | $31,692 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,953 |
| Compensation of current officers, directors, key employees. | $25,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,838 |
| Pension plan accruals and contributions | $15,797 |
| Other employee benefits | $47,674 |
| Payroll taxes | $24,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $810 |
| Fees for services: Accounting | $21,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,676 |
| Advertising and promotion | $0 |
| Office expenses | $2,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,135 |
| Travel | $48,051 |
| 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 | $323 |
| Insurance | $2,420 |
| All other expenses | $895 |
| Total functional expenses | $764,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,246 |
| Savings and temporary cash investments | $40,155 |
| Pledges and grants receivable | $15,500 |
| 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 | $123,365 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,131,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,620,522 |
| Accounts payable and accrued expenses | $48,003 |
| 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 | $48,003 |
| Net assets without donor restrictions | $1,463,849 |
| Net assets with donor restrictions | $108,670 |
| 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 | $1,620,522 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Contemplative Outreach Ltd has recieved totaling $22,430.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $20,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,330 |
Barberry Foundation Inc Summit, NJ PURPOSE: SUPPORT FOR THE MOVEMENT OF CENTERING PRAYER | $500 |
Endowment Analysis
| Beg. Balance | $2,500 |
| Ending Balance | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Community Services Archdiocese Of New York New York, NY | $26,243,473 | $67,855,739 |
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Raskob Foundation For Catholic Activities Incorporated Wilmington, DE | $222,202,600 | $26,821,611 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Hrh Management Corporation Huntingdon Valley, PA | $24,532,221 | $3,996,088 |
Blue Army Of Our Lady Of Fatima Usa Inc Washington, NJ | $5,683,960 | $2,629,820 |
St Elizabeth Child Care Center Jersey City, NJ | $1,155,375 | $1,799,045 |
St Philip The Apostle Foundation Inc Ramsey, NJ | $42,234,590 | $3,367,781 |