Cardinal Newman Society For The Preservation Of Catholic Hgr Educ
- Assets
- $3.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Manassas, VA
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 54-1691371
Organization Overview
Cardinal Newman Society For The Preservation Of Catholic Hgr Educ is located in Manassas, VA. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Cardinal Newman Society For The Preservation Of Catholic Hgr Educ employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardinal Newman Society For The Preservation Of Catholic Hgr Educ 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 06/2022, Cardinal Newman Society For The Preservation Of Catholic Hgr Educ generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL & RELIGIOUS; TO PROMOTE AND DEFEND FAITHFUL CATHOLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1993, THE CARDINAL NEWMAN SOCIETY PROMOTES AND DEFENDS FAITHFUL CATHOLIC EDUCATION. THE SOCIETY DOES THIS BY ASSISTING AND SUPPORTING EDUCATION THAT IS FAITHFUL TO THE TEACHING AND TRADITION OF THE CATHOLIC CHURCH; PRODUCING AND DISSEMINATING RESEARCH AND PUBLICATIONS ON DEVELOPMENTS AND BEST PRACTICES IN CATHOLIC EDUCATION; ADVISING STUDENTS, ALUMNI, TRUSTEES, CAMPUS OFFICIALS, FACULTY AND OTHERS IN PROMOTING AND DEFENDING CATHOLIC IDENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick J Reilly President | OfficerTrustee | 50 | $204,949 |
Tom Mead Treasurer/exec VP | Officer | 50 | $152,991 |
Cynthia Laird Secretary | Officer | 40 | $79,370 |
Patrick Kearns Treasurer (start 02/2022) | OfficerTrustee | 0.15 | $0 |
Rev Bjorn Lundberg Chaplain | Trustee | 0.15 | $0 |
Frank Hanna Chairman | Trustee | 0.15 | $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 | $1,784,598 |
| Noncash contributions included in lines 1a–1f | $16,481 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,784,598 |
| Total Program Service Revenue | $79,500 |
| Investment income | $48,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,920,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $530,143 |
| Compensation of current officers, directors, key employees. | $165,876 |
| Compensation to disqualified persons | $51,802 |
| Other salaries and wages | $542,949 |
| Pension plan accruals and contributions | $28,992 |
| Other employee benefits | $110,001 |
| Payroll taxes | $80,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,029 |
| Fees for services: Accounting | $38,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,614 |
| Information technology | $52,865 |
| Royalties | $0 |
| Occupancy | $36,574 |
| Travel | $6,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,879 |
| Insurance | $15,688 |
| All other expenses | $36,490 |
| Total functional expenses | $1,923,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,770 |
| Savings and temporary cash investments | $126,507 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $1,150 |
| 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 | $51,641 |
| Net Land, buildings, and equipment | $807,587 |
| Investments—publicly traded securities | $1,863,420 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,263,075 |
| Accounts payable and accrued expenses | $27,420 |
| Grants payable | $98,141 |
| 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 | $5,442 |
| Total liabilities | $131,003 |
| Net assets without donor restrictions | $3,116,652 |
| Net assets with donor restrictions | $15,420 |
| 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 | $3,263,075 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cardinal Newman Society For The Preservation Of Catholic Hgr Educ has recieved totaling $150,410.
| Awarding Organization | Amount |
|---|---|
Knights Of Columbus Charitable Fund Inc New Haven, CT PURPOSE: GENERAL PURPOSE | $100,650 |
Community Foundation Of Acadiana Lafayette, LA PURPOSE: Catholic Higher Education, general Support | $25,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $24,200 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |