Catholic Investment Services Inc
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Boston, MA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4354011
Organization Overview
Catholic Investment Services Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Catholic Investment Services Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Investment Services Inc 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 12/2021, Catholic Investment Services Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 8.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIALLY RESPONSIBLE INVESTMENTS FOR INSTITUTIONS, PROVIDE EDUCATION ABOUT SOCIALLY RESPONSIBLE INVESTING AND SUPPORT EDUCATIONAL PROJECTS; AND SPONSOR, ADMINISTER, AND/OR MANAGE POOLED INVESTMENT FUNDS INVESTED IN ACCORDANCE WITH SOCIALLY RESPONSIBLE INVESTMENT GUIDELINES PUBLISHED BY THE ROMAN CATHOLIC BISHOPS OF THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOCIALLY RESPONSIBLE INVESTMENTS FOR INSTITUTIONS, PROVIDE EDUCATION ABOUT SOCIALLY RESPONSIBLE INVESTING AND SUPPORT EDUCATIONAL PROJECTS; AND SPONSOR, ADMINISTER, AND/OR MANAGE POOLED INVESTMENT FUNDS INVESTED IN ACCORDANCE WITH SOCIALLY RESPONSIBLE INVESTMENT GUIDELINES PUBLISHED BY THE ROMAN CATHOLIC BISHOPS OF THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Lanctot Ceo/president/treasurer/di | OfficerTrustee | 40 | $310,000 |
Michael Nagy Director Of Investor Relat | 40 | $242,138 | |
Zela Astarjian Director Of Investor Relat | 40 | $218,738 | |
Jeremy Taylor Director Of Investor Relat | 40 | $209,673 | |
David Binney Director Of Operations | 40 | $117,733 | |
John J Brennan Secretary/director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stradley Ronon Stevens & Young Llp Legal Services | 12/30/14 | $207,089 |
Peter Jeton Management Consulting | 12/30/14 | $106,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,450 |
| Total Program Service Revenue | $1,979,135 |
| Investment income | $589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,110,461 |
| 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 | $1,314,525 |
| Pension plan accruals and contributions | $110,563 |
| Other employee benefits | $49,264 |
| Payroll taxes | $74,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,200 |
| Fees for services: Accounting | $90,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,282 |
| Advertising and promotion | $94,151 |
| Office expenses | $4,411 |
| Information technology | $40,985 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,287 |
| Insurance | $25,970 |
| All other expenses | $0 |
| Total functional expenses | $1,999,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,333 |
| Accounts receivable, net | $174,120 |
| 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 | $62,306 |
| Net Land, buildings, and equipment | $740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $55,155 |
| Intangible assets | $17,384 |
| Other assets | $0 |
| Total assets | $1,253,675 |
| Accounts payable and accrued expenses | $562,376 |
| 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 | $562,376 |
| Net assets without donor restrictions | $627,966 |
| Net assets with donor restrictions | $63,333 |
| 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 | $1,253,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Investment Services Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Joseph B Glossberg Foundation Chicago, IL PURPOSE: DONATION | $100 |
Endowment Analysis
| Beg. Balance | $248,145 |
| Net Contributions | $1,855 |
| Other Expense | $150,000 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Third Sector Capital Partners Inc Boston, MA | $27,345,891 | $27,551,770 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
National Standards Authority Of Ireland Inc Nashua, NH | $10,467,572 | $7,964,198 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Build Commonwealth Inc Boston, MA | $4,562,136 | $1,917,151 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |
East Mid-Manhattan District Management Association Inc New York, NY | $3,778,894 | $3,534,351 |
New York 811 Inc Bohemia, NY | $4,587,897 | $3,122,927 |
Boston Public Market Boston, MA | $10,519,355 | $1,304,589 |
Catholic Investment Services Inc Boston, MA | $1,253,675 | $2,110,461 |
New York State Local Government Services Foundation Inc Albany, NY | $314,574 | $1,870,171 |