Eternal Life Inc
- Assets
- $3.8m
- Revenue
- $240.2k
- Investments
- $3.4m
- Employees
- 0
- Location
- Bardstown, KY
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 61-1164067
Organization Overview
Eternal Life Inc is located in Bardstown, KY. The organization was established in 1989. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eternal Life 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, Eternal Life Inc generated $240.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $202.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DISTRIBUTES CATHOLIC LITERATURE AND AUDIO RECORDINGS IN ACCORDANCE WITH ITS EDUCATIONAL AND RELIGIOUS MISSION. THE ORGANIZATION ALSO CONDUCTS RELIGIOUS CONFERENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES AND DISTRIBUTION OF CATHOLIC LITERATURE AND AUDIO TAPES; OVER 150,000 BOOKLETS, PRAYER CARDS, BOOKS, CATHECHISMS, AND BROCHURES WERE DISTRIBUTED TO EDUCATE AND MOTIVATE PEOPLE TO LIVE THEIR CATHOLIC FAITH. THE ORGANIZATION ALSO SPONSORED A RELIGIOUS CONFERENCE IN LOUISVILLE, KY CALLED THE CHURCH TEACHES FORUM. THIS CONFERENCE WAS ATTENDED BY OVER 300 PEOPLE. ADDITIONALLY, A ROSARY CONFERENCE WAS SPONSORED FOR OVER 100 PEOPLE.
GRANTS TO ENCOURAGE AND FACILITATE 501(C)(3) ORGANIZATIONS AND PRIESTS IN THEIR EFFORTS TO TEACH AND PROMOTE THE ROMAN CATHOLIC FAITH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Roger Arnsparger Dir/pres | OfficerTrustee | 10 | $0 |
Martha Spalding Dir/sec/treas | OfficerTrustee | 10 | $0 |
Philip Spalding Dir/vp | OfficerTrustee | 10 | $0 |
Thomas P Monaghan Member Of Board | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $70,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,968 |
| Total Program Service Revenue | $2,654 |
| Investment income | $73,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,800 |
| Net Gain/Loss on Asset Sales | $5,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,161 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,450 |
| Grants and other assistance to domestic individuals. | $16,200 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $4,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,719 |
| Office expenses | $25,225 |
| Information technology | $0 |
| Royalties | $26,263 |
| Occupancy | $15,631 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,776 |
| Insurance | $9,333 |
| All other expenses | $0 |
| Total functional expenses | $202,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,708 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,419,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,795,576 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,795,576 |
| 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 | $3,795,576 |
Grants Awarded
Over the last fiscal year, Eternal Life Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY ANGELS ACADEMY PURPOSE: SUPPORT ORTHODOX ROMAN CATHOLIC CAUSES AND PROGRAMS | $25,000 |
ST MARTIN DE PORRES DOMINICAN COMMUNITY PURPOSE: SUPPORT ORTHODOX ROMAN CATHOLIC CAUSES AND PROGRAMS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eternal Life Inc has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Pillar & Ground Of Truth Foundation Inc Bardstown, KY PURPOSE: TO SUPPORT ORTHODOX ROMAN CATHOLIC CAUSES AND PROGRAMS, CONSISTENT WITH THE MISSION AND PURPOSES OF THE ORGANIZATION | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dynamic Catholic Institute Cincinnati, OH | $46,011,933 | $24,743,201 |
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Cise Cincinnati, OH | $26,854,331 | $7,324,023 |
Holy Love Ministries North Ridgeville, OH | $21,288,130 | $2,402,696 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Sacred Heart Center Inc Richmond, VA | $1,482,617 | $2,142,804 |
United States Catholic Conference Barrington, IL | $18,377,452 | $2,584,855 |
Margarets Village Chicago, IL | $1,100,543 | $2,234,749 |
Catholic Urban Programs Nfp East St Louis, IL | $3,029,817 | $1,873,870 |
Shellbourne Inc Valparaiso, IN | $7,796,510 | $1,573,745 |
Our Lady Of Good Counsel Church Verona, KY | $15,866,147 | $4,330,529 |