Ladies Of Co Inc Catholic
- Assets
- $138.8m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Gahanna, OH
- Founding
- 02/1942
- Data as of
- 12/2021
- 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 12/2021, Ladies Of Co Inc Catholic employed 4 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 12/2021, Ladies Of Co Inc Catholic generated $17.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $17.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loni A Perkins Chief Operating Officer | Officer | 35 | $75,597 |
Fairy Wagner President | OfficerTrustee | 8 | $38,958 |
Alice Teynor Vice President | OfficerTrustee | 2 | $15,795 |
Irene Borror Secretary | OfficerTrustee | 2 | $7,095 |
Viki Snider Director | Trustee | 2 | $4,014 |
Charisse Shick Director | Trustee | 2 | $4,014 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parkway Advisors Lp Asset Manager | 12/30/21 | $277,688 |
Allen Baily & Associates Actuarial | 12/30/21 | $151,858 |
The Union Banking Co Insurance Sales | 12/30/21 | $201,027 |
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 | $12,191,383 |
| Investment income | $5,349,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,769,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $11,275,084 |
| Compensation of current officers, directors, key employees. | $105,916 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,542 |
| Payroll taxes | $35,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,053 |
| Fees for services: Accounting | $17,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $311,899 |
| Fees for services: Other | $176,883 |
| Advertising and promotion | $46,378 |
| Office expenses | $79,718 |
| Information technology | $62,504 |
| Royalties | $0 |
| Occupancy | $61,401 |
| Travel | $3,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,403 |
| Interest | $19,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,230 |
| Insurance | $0 |
| All other expenses | $35,690 |
| Total functional expenses | $17,643,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,480 |
| 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 | $6,744 |
| Investments—publicly traded securities | $135,324,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,750,948 |
| Total assets | $138,820,359 |
| Accounts payable and accrued expenses | $21,955 |
| 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 | $134,534,357 |
| Total liabilities | $134,556,312 |
| 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 | $4,264,047 |
| Total liabilities and net assets/fund balances | $138,820,359 |
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