Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $116,130

• 1f · All other contributions, gifts and grants

  $741,658

• 2a · Program service revenue: SALE OF PAMPHLETS

  total $9,971 · related or exempt $9,971

• 3 · Investment income

  total $2,176,415 · excluded $2,176,415

• 7a · Gross sales of assets other than inventory

  securities $2,269,315

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

  securities $2,140,463

• 7c · Gain or loss

  securities $128,852

• 7d · Net gain or loss

  total $128,852 · excluded $128,852

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $794,412 · program services $794,412

• 2 · Grants to domestic individuals

  total $505,234 · program services $505,234

• 3 · Grants to foreign organizations and individuals

  total $33,301 · program services $33,301

• 11b · Fees: legal

  total $95,264 · program services $95,264

• 11c · Fees: accounting

  total $96,653 · program services $96,653

• 16 · Occupancy

  total $174,004 · program services $174,004

• 22 · Depreciation, depletion and amortization

  total $304,329 · program services $304,329

• 24a · Other expenses: ITALIAN WELFARE-OPERATI

  total $742,663 · program services $742,663

• 24b · Other expenses: CATH INFO PROG-PRINTING

  total $571,271 · program services $571,271

• 24c · Other expenses: CATH INFO PROG-OTHER

  total $282,212 · program services $282,212

• 24d · Other expenses: GENERAL EXPENSES

  total $43,958 · program services $43,958

• 24e · All other expenses

  total $953 · program services $953

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $177,087 · end of year $323,848

• 2 · Savings and temporary cash investments

  beginning of year $3,381,224 · end of year $2,962,186

• 4 · Accounts receivable

  beginning of year $1,857 · end of year $13,919

• 9 · Prepaid expenses and deferred charges

  beginning of year $349,970 · end of year $287,878

• 10a · Land, buildings and equipment: cost or other basis

  $7,641,391

• 10b · Land, buildings and equipment: accumulated depreciation

  $3,617,362

• 10c · Land, buildings and equipment, net

  beginning of year $4,277,891 · end of year $4,024,029

• 11 · Investments: publicly traded securities

  beginning of year $71,380,082 · end of year $61,910,256

• 12 · Investments: other securities

  beginning of year $12,966,189 · end of year $12,383,982

• 15 · Other assets

  beginning of year $128,713 · end of year $168,305

• 17 · Accounts payable and accrued expenses

  beginning of year $39,845 · end of year $260,599

• 21 · Escrow or custodial account liability

  beginning of year $16,312,661 · end of year $16,239,891

• 25 · Other liabilities

  beginning of year $548,946 · end of year $467,801

• 27 · Net assets without donor restrictions

  beginning of year $70,482,214 · end of year $60,438,379

• 28 · Net assets with donor restrictions

  beginning of year $5,279,347 · end of year $4,667,733

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION. THE COMPENSATION PROCESS AND INDEPENDENT REVIEW WAS PERFORMED BY THE RELATED ORGANIZATION, KNIGHTS OF COLUMBUS, A SECTION 501(C)(8) ORGANIZATION. KNIGHTS OF COLUMBUS' COMPENSATION PROCESS IS AS FOLLOWS: THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT ON AN ANNUAL BASIS, INCLUDING IN 2022, FOR A REVIEW OF THE REASONABLENESS OF TOTAL COMPENSATION PROVIDED TO SUPREME OFFICERS AND OTHER TOP MANAGEMENT OFFICIALS. THE INDEPENDENT COMPENSATION CONSULTANT USES SURVEY SOURCES THAT THEY HAVE COMPILED PLUS OTHER PUBLISHED SURVEYS TO PRESENT A REPORT OF COMPARABLE MARKET DATA OF TOTAL COMPENSATION FOR EACH MANAGEMENT POSITION. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS AND DISCUSSES THE COMPARABLE MARKET DATA BEFORE MAKING A RECOMMENDATION TO THE BOARD OF DIRECTORS. AFTER A REVIEW AND DISCUSSION ABOUT THE COMPARABLE MARKET DATA AND THE INDIVIDUALS IN THE ROLES UNDER REVIEW, A VOTE IS TAKEN TO APPROVE A NEW SALARY RANGE AND OBJECTIVE BONUS STRUCTURE FOR THE TOP MANAGEMENT INDIVIDUALS. TOTAL COMPENSATION FOR EACH INDIVIDUAL IS WITHIN THE RANGE APPROVED BY THE BOARD OF DIRECTORS WHICH IS WITHIN THE COMPARABLE MARKET DATA.

PART I, LINE 4B

PATRICK E. KELLY $448,643 JOHN J. KENNEDY 342,971 JOHN A. MARRELLA 379,631 ANTHONY V. MINOPOLI 100,835 RONALD F. SCHWARZ 104,192 PAUL G. O'SULLIVAN 75,509 PATRICK T. MASON 23,462 KNIGHTS OF COLUMBUS SPONSORS A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT IS DESIGNED TO MAKE UP FOR BENEFITS LOST IN THE TAX-QUALIFIED RETIREMENT PLAN. ONCE A PARTICIPANT BECOMES VESTED IN THIS NONQUALIFIED DEFERRED COMPENSATION PLAN, BY LAW, THE PARTICIPANT IS TAXED ON THE VESTED AMOUNT. THE KNIGHTS OF COLUMBUS' PLAN PROVIDES THAT UPON VESTING, A PARTICIPANT WILL RECEIVE A PAYMENT FOR THE ESTIMATED INCOME TAXES RELATED TO THE VESTED AMOUNT. THE ABOVE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B(III).

SCHEDULE J, PART I:

THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. KNIGHTS OF COLUMBUS PROVIDES ADMINISTATIVE SUPPORT TO ASSIST WITH THE DAY-TO-DAY OPERATIONS WITHOUT CHARGE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CENTRO SPORTIVO CAVALIERI SRL

  C · OPERATION OF PLAYGROUNDS · IT · 100% owned · share of income $34,821 · share of assets $1,895,634 · controlled entity

  Directly controlled by KNIGHTS OF COLUMBUS CHARITIES USA INC

• K OF C POLSKA SP

  C · DIRECT AND OVERSEE EXPANSION OF FRATERNAL SERVICES IN EUROPE · PL · 100% owned · share of income $22,913 · share of assets -$61,027 · controlled entity

  Directly controlled by KNIGHTS OF COLUMBUS CHARITIES USA INC