Catholic News Inc in Los Angeles, California (CA)

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Catholic News Inc
Employer Identification Number (EIN)954866279
Name of OrganizationCatholic News Inc
In Care of NameJea Min Han
Address1502 Crenshaw Blvd, Los Angeles, CA 90019-4351
SubsectionReligious Organization
Ruling Date10/2001
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$30,728
Amount of Income$37,071
Form 990 Revenue Amount$37,071
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Religious Printing, Publishing

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Amount of income in 2013: $37,071 (it was $62,094 in 2012)
Catholic News Inc: 

Other organizations performing similar types of work: 


Assets in 2013: $30,728 (it was $54,788 in 2012)
Catholic News Inc: 

Other organizations performing similar types of work: 


Expenses in 2013: $61,887
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 0.6
Catholic News Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 100.0%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$65,744$62,094$37,071
Contributions, gifts, grants, and similar amounts received$65,744$62,094$37,071
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$69,683$69,907$61,887
Total net assets$62,341$54,528$29,712
Excess/Deficit for the year$-3,939$-7,813$-24,816
Net assets or fund balances at beginning of year$66,280$62,341$54,528
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$54,528$29,712
Balance Sheets
Total assets$62,341$54,788$30,728
Total liabilities$0$260$1,016
Net assets or fund balances$62,341$54,528$29,712
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$280,267
Gifts, grants, contributions, and membership fees received$280,267
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$280,267
Public support$280,267
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Number of organizations performing similar types of work
North Carolina24
North Dakota2
New Hampshire1
New Jersey18
New Mexico6
New York51
Rhode Island1
South Carolina9
West Virginia1
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