Precious Blood Spirituality Institute
- Assets
- $9.6m
- Revenue
- $458.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- Data as of
- 06/2023
- EIN
- 87-3541202
Organization Overview
Precious Blood Spirituality Institute is located in Chicago, IL. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Precious Blood Spirituality Institute 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 06/2023, Precious Blood Spirituality Institute generated $458.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $253.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRECIOUS BLOOD SPIRITUALITY INSTITUTE PBSI WAS ORGANIZED EXCLUSIVELY FOR RELIGIOUS CHARITABLE AND EDUCATIONAL PURPOSES. PBSI WAS ORGANIZED TO FACILITATE THE COLLABORATIVE EFFORTS OF THE MEMBERS' CONGREGATIONS TO SHARE THEIR CHARISM IN THE ROMAN CATHOLIC CHURCH AND THE WORLD TO BE A RESOURCE TO THE LEADERSHIP TEAMS OF THE MEMBERS' CONGREGATIONS AS THEY FOSTER THE EMBODIMENT OF THE CHARISM IN THE LIVES AND MINISTRIES OF THEIR MEMBERS TO BE A RESOURCE TO OTHER MINISTRIES OF THE MEMBERS' CONGREGATIONS AS THEY SEEK TO EMBODY THE CHARISM OF THEIR MINISTRY TO COLLABORATIVE WITH CATHOLIC THEOLOGICAL UNION IN THE CREATION AND ONGOING MINISTRY OF THE PBSI AND TO DO ALL THINGS WHICH MAY BE USEFUL NECESSARY CONVENIENT EXPEDIENT OR INCIDENT IN THE ATTAINMENT OR FURTHERANCE OF THE PURPOSES OF PBSI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN-PERSON GATHERING WITH MEMBER ORGANIZATIONS TO LEARN MORE ABOUT PRECIOUS BLOOD SPIRITUALITY.
MONTHLY GATHERINGS TO DISCUSS VARIOUS TOPICS VIA VIDEO TELECONFERENCING ABOUT DIFFERENT SUBJECTS.
THE ROBERT J SCHREITER INSTITUTE OF PRECIOUS BLOOD SPIRITUALITY WAS ESTABLISHED. THE MISSION OF THE SCHREITER INSTITUTE IS TO FOSTER THE FURTHER DEVELOPMENT OF A PRACTICAL THEOLOGY OF THE PRECIOUS BLOOD AND THE PROMOTION OF SPIRITUALITY WHICH EMBODIES THAT THEOLOGY THROUGH FOCUSED ACADEMIC SCHOLARSHIP AND A PROGRAM OF PASTORAL EDUCATION THAT EMPHASIZES THE PRAXIS OF RECONCILIATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Otto President | OfficerTrustee | 40 | $34,346 |
Maria Hughes Chair Person | OfficerTrustee | 4 | $0 |
Philip Hartke Treasurer | OfficerTrustee | 4 | $0 |
Joni Belford Secretary | OfficerTrustee | 4 | $0 |
Karen Elliott Board Director | Trustee | 4 | $0 |
Diana Rawlings Board Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bill Nordenbrock Cpps Management | 6/29/22 | $24,800 |
Larry Singer Pc Attorney | 6/29/22 | $1,750 |
Chuhak And Tecson Pc Attorney | 6/29/22 | $6,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $150,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,025 |
| Total Program Service Revenue | $0 |
| Investment income | $258,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $458,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,578 |
| 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. | $70,093 |
| Compensation of current officers, directors, key employees. | $70,093 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,800 |
| Other employee benefits | $9,940 |
| Payroll taxes | $5,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,819 |
| Advertising and promotion | $3,152 |
| Office expenses | $2,322 |
| Information technology | $1,516 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,200 |
| All other expenses | $0 |
| Total functional expenses | $253,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $9,551,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,645,354 |
| 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 | $10,000,000 |
| Total liabilities | $10,000,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | -$354,646 |
| 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 | $9,645,354 |