THE INSTITUTE FOR ADVANCED CATHOLIC STUDIES

EIN: 251843470 501(c)(3) Religion

LOS ANGELES, CA

Total Revenue
$886,522
Total Expenses
$1,059,724
Total Assets
$9,906,263
Net Assets
$9,867,304
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
REBECCA KING CERLING
Phone
2137401864
Tax Period
2023-07-01 to 2024-06-30

THE INSTITUTE FOR ADVANCED CATHOLIC STUDIES, founded in 1999, is a small nonprofit in the Religion sector that reported $887K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE INSTITUTE'S MISSION IS TO CONDUCT RESEARCH ON KEY ISSUES FACING SOCIETY TO HELP BOTH THE CHURCH AND SOCIETY DEAL THOUGHTFULLY WITH THE MAJOR ISSUES THEY FACE GLOBALLY. THE INSTITUTE ALSO SPONSORS AND CONDUCTS RESEARCH AND SCHOLARSHIP ON ALL ASPECTS OF THE CATHOLIC TRADITION, CULTURAL/ECCLESIAL HERITAGE OF CATHOLICISM, AND DISSEMINATE THE RESULTS OF SUCH RESEARCH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $680,443
Program Service Revenue $0
Investment Income $185,625
Other Revenue $20,454
TOTAL REVENUE $886,522

Expense Breakdown

Grants Paid $0
Salaries & Benefits $703,259
Fundraising Expenses $267,615
Program Expenses $546,573
Other Expenses $356,465
TOTAL EXPENSES $1,059,724

Year-over-Year Comparison

2023 2022 Change
Revenue $886,522 $443,206 +1.0%
Expenses $1,059,724 $803,470 +0.3%
Net Income $-173,202 $-360,264 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$389,664
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD WOOD President 40.00
Officer
$247,436 $0 $247,436
REBECCA KING CERLING Executive Dir. 40.00
Officer
$142,228 $0 $142,228
JOHN BESSOLO Trustee 1.00
Director
$0 $0 $0
LOUIS KIM Trustee 1.00
Director
$0 $0 $0
MAUREEN KING Trustee 1.00
Director
$0 $0 $0
MICHAEL E ENGH SJ Trustee 1.00
Director
$0 $0 $0
DANIEL FINN Trustee 1.00
Director
$0 $0 $0
RICHARD GRIMES Trustee 1.00
Director
$0 $0 $0
REV DENNIS HOLTSCHNEIDER CM Trustee 1.00
Director
$0 $0 $0
MICHAEL MORELAND Trustee 1.00
Officer Director
$0 $0 $0
JULIE MCANDREWS MORK Trustee 1.00
Director
$0 $0 $0
PATRICK PASCAL Trustee 1.00
Director
$0 $0 $0
BRO BERNARD PLOEGER SM Trustee 1.00
Director
$0 $0 $0
MAUREEN SHEA Trustee 1.00
Director
$0 $0 $0
REV MARTIN SOLMA SM Trustee 1.00
Director
$0 $0 $0
PETER STEINFELS Trustee 1.00
Director
$0 $0 $0
MARTIN SKRIP Trustee 1.00
Director
$0 $0 $0
JASON ZENK Trustee 1.00
Director
$0 $0 $0
KYLE BALLARTA Trustee 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $886,522 $1,059,724 $9,906,263 $-173,202
2023 $443,206 $803,470 $9,194,608 $-360,264
2022 $848,861 $744,011 $8,820,058 $104,850
2021 $1,126,335 $770,434 $10,188,877 $355,901
2020 $1,102,763 $974,344 $8,515,668 $128,419
2019 $1,634,911 $892,218 $8,536,376 $742,693
2018 $1,502,301 $872,856 $7,602,761 $629,445
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