Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $5,471,731

• 3 · Investment income

  total $161,979 · excluded $161,979

• 7a · Gross sales of assets other than inventory

  securities $4,791,021

• 7b · Less cost or other basis and sales expenses

  securities $4,790,998

• 7c · Gain or loss

  securities $23

• 7d · Net gain or loss

  total $23 · excluded $23

• 10a · Gross sales of inventory

  $70,224

• 10b · Cost of goods sold

  $13,920

• 10c · Net income from sales of inventory

  total $56,304 · related or exempt $56,304

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,000 · program services $3,000

• 5 · Compensation of officers, directors and key employees

  total $168,935 · program services $67,574 · management and general $33,787 · fundraising $67,574

• 7 · Other salaries and wages

  total $1,109,018 · program services $547,491 · management and general $319,121 · fundraising $242,406

• 9 · Other employee benefits

  total $148,197 · program services $79,430 · management and general $50,825 · fundraising $17,942

• 10 · Payroll taxes

  total $82,848 · program services $35,489 · management and general $25,015 · fundraising $22,344

• 11c · Fees: accounting

  total $284,229 · program services $90,139 · management and general $193,703 · fundraising $387

• 12 · Advertising and promotion

  total $1,423,466 · management and general $1,423,466

• 13 · Office expenses

  total $63,471 · program services $683 · management and general $19,156 · fundraising $43,632

• 16 · Occupancy

  total $9,830 · program services $90 · management and general $9,740

• 17 · Travel

  total $182,042 · program services $19,341 · management and general $155,608 · fundraising $7,093

• 19 · Conferences, conventions and meetings

  total $20,072 · program services $924 · management and general $19,148

• 23 · Insurance

  total $17,960 · management and general $17,960

• 24a · Other expenses: CONTRACT SERVICES

  total $476,577 · program services $348,344 · management and general $17,442 · fundraising $110,791

• 24b · Other expenses: EUCHARISTIC CONGRESS EX

  total $250,241 · program services $250,241

• 24c · Other expenses: OTHER EXPENSES

  total $81,338 · program services $20,021 · management and general $60,727 · fundraising $590

• 24d · Other expenses: BAD DEBT EXPENSE

  total $2,975 · management and general $2,975

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,752,488 · end of year $1,951,435

• 2 · Savings and temporary cash investments

  end of year $4,374,980

• 4 · Accounts receivable

  beginning of year $1,704,145 · end of year $2,786,130

• 9 · Prepaid expenses and deferred charges

  beginning of year $19,763 · end of year $449,329

• 11 · Investments: publicly traded securities

  end of year $1,212,782

• 17 · Accounts payable and accrued expenses

  beginning of year $167,793 · end of year $225,805

• 19 · Deferred revenue

  beginning of year $1,053,000 · end of year $6,523,076

• 27 · Net assets without donor restrictions

  beginning of year $881,958 · end of year $486,258

• 28 · Net assets with donor restrictions

  beginning of year $1,373,645 · end of year $3,539,517

The filer's explanations (Part III)

PART I, LINE 4A

CANDELARIO DE LEON III RECEIVED SEVERANCE PAYMENTS TOTALING $45,000 DURING CALENDAR YEAR 2023.

PART II, LINE 1

JASON SHANKS IS COMPENSATED BY AN UNRELATED NONPROFIT ENTITY FOR SERVICES PROVIDED TO NATIONAL EUCHARISTIC CONGRESS. THE AMOUNT PAID TO HIM BY THE UNREALTED ORGANIZATION IS NOT REIMBURSED BY NATIONAL EUCHARTISTIC CONGRESS. THE COMPENSATION IS RECORDED AS IN-KIND REVENUE AND OFFSET WITH IN-KIND EXPENSE.