ARCHBISHOP FULTON J SHEEN KNIGHTS OF COLUMBUS COUNCIL 7502

EIN: 840821559

WESTMINSTER, CO

Total Revenue
$178,346
Total Expenses
$267,459
Total Assets
$447,957
Net Assets
$447,957
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
CO
Principal Officer
KENT CLOSSON
Phone
7203417945
Tax Period
2024-01-01 to 2024-12-31

ARCHBISHOP FULTON J SHEEN KNIGHTS OF COLUMBUS COUNCIL 7502, founded in 1960, is a small nonprofit that reported $178K in total revenue in fiscal year 2024. Expenses of $267K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROMOTE FRATERNITY, CHARITY, UNITY AND PATRIOTISM AMONG THE COUNCILS MEMBERS WITH VOLUNTARY SERVICES BY MEMBER TEAMS THAT SUPPORT (A) THE CATHOLIC CHURCH (B) CATHOLIC PRIEST AND RELIGIOUS VOCATIONS, AND (C) OUR LOCAL COMMUNITY AND COUNTRY, THE U.S.A. TO PROVIDE ITS MEMBERS WITH ACCESS TO THE KNIGHTS OF COLUMBUS FRATERNAL BENEFITS OF LIFE INSURANCE, ANNUITTIES AND LONG TERM CARE INSURANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,423
Program Service Revenue $1,300
Investment Income $5,333
Other Revenue $136,290
TOTAL REVENUE $178,346

Expense Breakdown

Grants Paid $177,725
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $267,459
Other Expenses $89,734
TOTAL EXPENSES $267,459

Year-over-Year Comparison

2024 2023 Change
Revenue $178,346 $178,874 0.0%
Expenses $267,459 $155,002 +0.7%
Net Income $-89,113 $23,872 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
350
Independent Members
350
Employees
N/A
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
0
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MAY Trustee 10.00
Director
$0 $0 $0
JIM BERNATOW Trustee 10.00
Director
$0 $0 $0
DAVE PAUL Trustee 10.00
Director
$0 $0 $0
KENT CLOSSON DEPUTY GRANT KN 15.00
Director
$0 $0 $0
ALBERT NELSON OUTSIDE GUARD 1.00
Director
$0 $0 $0
ED DELGADO FINANCIAL SECRE 30.00
Director
$0 $0 $0
ANDRE CASIAS Treasurer 20.00
Director
$0 $0 $0
KEN ALLSCHEID CHANCELLOR 5.00
Director
$0 $0 $0
JIM PETERSON ADVOCATE 1.00
Director
$0 $0 $0
DOUGLAS BLONDIN GRAND KNIGHT 25.00
Director
$0 $0 $0
CHRISTOPHER GAUL WARDEN 5.00
Director
$0 $0 $0
REV ANDREW KEMBERLING CHAPLAIN 1.00
Director
$0 $0 $0
VERNON BUSTOS INSIDE GUARD 1.00
Director
$0 $0 $0
JOSH HEM LEE RECORDER 10.00
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
2024 $178,346 $267,459 $447,957 $-89,113
2023 $178,874 $155,002 $537,070 $23,872
2022 $107,195 $50,271 $513,198 $56,924
2021 $133,580 $40,274 $456,274 $93,306
2020 $67,579 $34,929 $362,968 $32,650
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