Path To Peace Foundation
- Assets
- $7.3m
- Revenue
- $558.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 13-3629516
Organization Overview
Path To Peace Foundation is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Path To Peace Foundation 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 12/2022, Path To Peace Foundation generated $558.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (42.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
TO SPREAD THE MESSAGE OF PEACE AS SUPPORTED BY THE CATHOLIC CHURCH, THROUGH THE WORDS AND ACTIVITIES OF THE POPE AND THE HOLY SEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR DETAILED DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Archbishop Gabriele Caccia President | OfficerTrustee | 1 | $0 |
H E Fra John T Dunlap Treasurer | OfficerTrustee | 1 | $0 |
Cardinal Renato Raffaele Marti Founder | Trustee | 1 | $0 |
Revmsgr Hilary Franco Trustee | Trustee | 1 | $0 |
John Klink Trustee | Trustee | 1 | $0 |
Peter Mcguire Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $246,435 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,563 |
| Noncash contributions included in lines 1a–1f | $5,714 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,998 |
| Total Program Service Revenue | $0 |
| Investment income | $95,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $410,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $55,000 |
| 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 | $734 |
| Fees for services: Accounting | $59,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,656 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,230 |
| Travel | $14,935 |
| 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 | $200,185 |
| Insurance | -$273 |
| All other expenses | $102,110 |
| Total functional expenses | $1,114,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $251,185 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,424 |
| 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 | $30,000 |
| Net Land, buildings, and equipment | $2,802,737 |
| Investments—publicly traded securities | $4,231,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,319,832 |
| Accounts payable and accrued expenses | $50,691 |
| 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 | $50,691 |
| Net assets without donor restrictions | $7,193,184 |
| Net assets with donor restrictions | $75,957 |
| 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 | $7,319,832 |
Grants Awarded
Over the last fiscal year, Path To Peace Foundation has awarded $410,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD YOUTH ALLIANCE PURPOSE: General support | $25,000 |
HOLY FAMILY HOSPITAL OF BETHLEHEM PURPOSE: general support | $15,000 |
PERMANENT OBSERVER MISSION OF THE HOLY SEE PURPOSE: General Support | $370,000 |