Ladies Of Co Inc Catholic
- Assets
- $141.9m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Gahanna, OH
- Founding
- 02/1942
- Data as of
- 12/2022
- EIN
- 31-4144574
Organization Overview
Ladies Of Co Inc Catholic is located in Gahanna, OH. The organization was established in 1942. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Ladies Of Co Inc Catholic employed 6 individuals. This organization is the central organization for a national or regional group of organizations. Ladies Of Co Inc Catholic 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 12/2022, Ladies Of Co Inc Catholic generated $22.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $22.5m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A FRATERNAL BENEFIT SOCIETY MEETING THE NEEDS OF INDIVIDUALS BY PROVIDING SECURE FINANCIAL PRODUCTS, FELLOWSHIP AND SERVICE TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNAL LIFE INSURANCE SOLD TO MEMBERS, DONATIONS TO CHARITIES, PROMOTION OF EDUCATION THROUGH SCHOLARSHIPS, AND SERVICE TO APPROXIMATELY 10,000 TOTAL MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fairy Wagner President | OfficerTrustee | 8 | $40,399 |
Lydia Rall Vice President | OfficerTrustee | 2 | $8,000 |
Charisse Shick Secretary | OfficerTrustee | 2 | $7,200 |
Carol Bockrath Director | Trustee | 2 | $4,000 |
Lucy Vanderhoff Director | Trustee | 2 | $4,000 |
Loni A Perkins Chief Operating Officer | Officer | 35 | $81,060 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkway Advisors Lp Asset Manager | 12/30/22 | $283,245 |
Allen Baily & Associates Actuarial | 12/30/22 | $115,625 |
The Union Banking Co Insurance Sales | 12/30/22 | $209,541 |
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 | $16,217,817 |
| Investment income | $5,915,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$176,371 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,992,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $17,526,829 |
| Compensation of current officers, directors, key employees. | $112,894 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,570 |
| Payroll taxes | $21,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,244 |
| Fees for services: Accounting | $19,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318,905 |
| Fees for services: Other | $165,355 |
| Advertising and promotion | $160,755 |
| Office expenses | $53,785 |
| Information technology | $61,697 |
| Royalties | $0 |
| Occupancy | $70,989 |
| Travel | $8,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,391 |
| Interest | $19,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,996 |
| Insurance | $26,216 |
| All other expenses | $53,624 |
| Total functional expenses | $22,463,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,042,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,863 |
| 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 | $5,078 |
| Investments—publicly traded securities | $138,110,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,718,370 |
| Total assets | $141,880,372 |
| Accounts payable and accrued expenses | $22,918 |
| 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 | $138,314,603 |
| Total liabilities | $138,337,521 |
| 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 | $3,542,851 |
| Total liabilities and net assets/fund balances | $141,880,372 |