Ave Maria Press
- Assets
- $14.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 50
- Location
- Notre Dame, IN
- Founding
- 03/1946
- Data as of
- 04/2022
- EIN
- 35-1283188
Organization Overview
Ave Maria Press is located in Notre Dame, IN. The organization was established in 1946. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 04/2022, Ave Maria Press employed 50 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Ave Maria Press 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 04/2022, Ave Maria Press generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.0m during the year ending 04/2022. While expenses have increased by 2.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC PUBLISHING COMPANY THAT SERVES THE SPIRITUAL & FORMATIVE NEEDS OF THE CHURCH, ITS SCHOOLS, MINISTERS, INSTITUTIONS, CHRISTIANS AND THOSE SEEKING SPIRITUAL KNOWLEDGE.
Describe the Organization's Program Activity:
PUBLICATION AND DISTRIBUTION OF BOOKS AND OTHER RELIGIOUS TEXTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karey Circosta Publisher/ceo | OfficerTrustee | 37.5 | $152,072 |
Kyle Marscola VP Finance | OfficerTrustee | 37.5 | $126,125 |
Dr Daniel Mars VP Editorial/secretary | Trustee | 1 | $33,091 |
The Rev David Guffey Board Member | Trustee | 1 | $0 |
The Rev Andrew Garwych Csc Board Member | Trustee | 1 | $0 |
The Rev Anthony Szakaly Csc Chairman | 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 | $106,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $906,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,022,487 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,037,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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. | $297,250 |
| Compensation of current officers, directors, key employees. | $297,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $798,190 |
| Pension plan accruals and contributions | $73,206 |
| Other employee benefits | $277,102 |
| Payroll taxes | $89,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,276 |
| Fees for services: Accounting | $28,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,279 |
| Advertising and promotion | $463,890 |
| Office expenses | $19,074 |
| Information technology | $12,120 |
| Royalties | $0 |
| Occupancy | $53,637 |
| Travel | $53,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,073 |
| Interest | $36,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,478 |
| Insurance | $11,953 |
| All other expenses | $168,753 |
| Total functional expenses | $3,019,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $185,396 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $704,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,758,568 |
| Prepaid expenses and deferred charges | $361,920 |
| Net Land, buildings, and equipment | $343,820 |
| Investments—publicly traded securities | $10,835,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,191,003 |
| Accounts payable and accrued expenses | $778,274 |
| Grants payable | $0 |
| Deferred revenue | $17,958 |
| 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 | $552,883 |
| Total liabilities | $1,349,115 |
| Net assets without donor restrictions | $12,841,888 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $14,191,003 |
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|---|---|---|
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World Missionary Press Inc New Paris, IN | $13,180,550 | $6,479,575 |
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