Diocesan Investment Trust Of The Diocese Of Los Angeles
- Assets
- $54.8m
- Revenue
- $1.7m
- Investments
- $53.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1951
- Data as of
- 10/2021
- EIN
- 23-7103106
Organization Overview
Diocesan Investment Trust Of The Diocese Of Los Angeles is located in Los Angeles, CA. The organization was established in 1951. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diocesan Investment Trust Of The Diocese Of Los Angeles 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 10/2021, Diocesan Investment Trust Of The Diocese Of Los Angeles generated $1.7m in total revenue. All expenses for the organization totaled $177.8k during the year ending 10/2021. While expenses have increased by 0.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE TRUST IS TO PROVIDE AN INVESTMENT FUND FOR VARIOUS PROTESTANT EPISCOPAL CHURCHES AND ORGANIZATIONS IN THE DIOCESE OF LOS ANGELES AND THE DIOCESE OF SAN DIEGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST PROVIDES A WELL DIVERSIFIED INVESTMENT VEHICLE FOR THE PROTESTANT EPISCOPAL CHURCHES AND ORGANIZATIONS OF THE DIOCESE OF LOS ANGELES AND THE DIOCESE OF SAN DIEGO TO INVEST THEIR FUNDS. THE INVESTMENT FUNDS IN WHICH THE TRUST INVESTS RETAINS THE INCOME AND AS SUCH THE TRUST EARNS APPRECIATION AS WELL AS CURRENT INVESTMENT INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne M O Brickner Treasurer/trustee | OfficerTrustee | 1 | $0 |
The Rt Rev John Harvey Taylor President/trustee | OfficerTrustee | 1 | $0 |
Canon Andrew Tomat Vice President/secretary/trustee | OfficerTrustee | 1 | $0 |
Sherman Telleen Trustee | Trustee | 1 | $0 |
Canon James H Alexander Trustee | Trustee | 1 | $0 |
Robert E Wycoff Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,732,062 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,735,823 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $46,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,602 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $4,586 |
| All other expenses | $0 |
| Total functional expenses | $177,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,308,451 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53,460,706 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $786 |
| Total assets | $54,769,943 |
| Accounts payable and accrued expenses | $75,583 |
| 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 | $204,324 |
| Total liabilities | $279,907 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $54,490,036 |
| 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 | $54,769,943 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Diocesan Investment Trust Of The Diocese Of Los Angeles has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Triangle Community Foundation Durham, NC PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Lynch Tw-Closing Phoenix, AZ | $0 | $1,800,345 |
Missions Of Hope International Phoenix, AZ | $1,398,105 | $11,092,409 |
Foundation For Christianstewardship Irvine, CA | $2,166,053 | $1,632,635 |
Christian Foundation Of The West Inc Westlake Village, CA | $29,861,352 | $8,138,364 |
Shinnyo-En Foundation San Bruno, CA | $28,915,235 | $1,951,028 |
Libitzky Family Foundation San Francisco, CA | $16,385,031 | $1,879,741 |
Episcopal Impact Fund San Francisco, CA | $6,585,359 | $2,213,656 |
Joseph J Storey Charitable Remainder Unitrust Las Vegas, NV | $7,569,430 | $1,397,221 |
Spiritual Care Link Foundation Scottsdale, AZ | $356,325 | $815,410 |
Shedry Dar Foundation Mesa, AZ | $4,092,490 | $2,757,316 |
Global Assistance Partner La Habra, CA | $431,832 | $683,902 |
Catholic Womens Guild Hawaii Kailua, HI | $0 | $290,181 |