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← OPUS CARITATIS INC

Form 990 for tax year 2023

Filed by OPUS CARITATIS INC.

Totals

Total revenue
$9,645,178
Total expenses
$3,748,872
Contributions and grants received
$0
Grants paid
$3,568,813
Program service revenue
$0
Investment income
$9,645,178
Other revenue
$0
Total assets, end of year
$340,061,621
Total liabilities, end of year
$28,325
Net assets or fund balances, end of year
$340,033,296
Program services expenses (Part IX)
$3,568,813
Management and general expenses
$180,059
Fundraising expenses
$0
Program service expenses (Part III)
$3,568,813

Program services were 95.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $9,439,392 · excluded $9,439,392

  • 7a · Gross sales of assets other than inventory

    securities $3,618,811

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

    securities $3,413,025

  • 7c · Gain or loss

    securities $205,786

  • 7d · Net gain or loss

    total $205,786 · excluded $205,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,568,813 · program services $3,568,813

  • 11c · Fees: accounting

    total $41,625 · management and general $41,625

  • 11f · Fees: investment management

    total $137,430 · management and general $137,430

  • 13 · Office expenses

    total $1,004 · management and general $1,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,396 · end of year $49,265

  • 11 · Investments: publicly traded securities

    beginning of year $31,836,432 · end of year $40,826,799

  • 12 · Investments: other securities

    beginning of year $353,291,190 · end of year $299,185,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,825 · end of year $28,325

  • 28 · Net assets with donor restrictions

    beginning of year $385,141,193 · end of year $340,033,296

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO ENGAGE IN THE SOLICITATION, RECEIPT AND ADMINISTRATION OF PROPERTY AND FROM TIME TO TIME DISBURSE SUCH PROPERTY AND INCOME THEREFROM FOR THE BENEFIT OF CATHOLIC CHARITIES OF LOS ANGELES, INC., A CALIFORNIA NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION UNDER SECTION 501(C)(3).

Activities or mission (Part I)

PROVIDE FINANCIAL SUPPORT TO CATHOLIC CHARITIES OF LOS ANGELES, INC.

  • GENERATED INCOME FROM INVESTMENTS TO SUPPORT CATHOLIC CHARITIES OF LOS ANGELES, INC.

    Expenses $3,568,813 · Grants $3,568,813

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev Msgr Gregory A Cox

    VICE PRESIDENT

    Total calculated
    $98,167
    From this org
    $0
    From related orgs
    $67,662
    Other
    $30,505
    Hours/week
    1 + 40 related

  • Bonifacio Bonny Garcia

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349310732

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