INSTITUTE OF CATHOLIC CULTURE

EIN: 900486670 501(c)(3) Religion

MCLEAN, VA

Total Revenue
$1,797,225
Total Expenses
$1,621,828
Total Assets
$1,666,109
Net Assets
$1,587,833
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Principal Officer
MICHAEL LATONA
Phone
5406357155
Tax Period
2024-07-01 to 2025-06-30

INSTITUTE OF CATHOLIC CULTURE, founded in 2006, is a community nonprofit in the Religion sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 10% surplus.

Mission

THE INSTITUTE OF CATHOLIC CULTURE IS AN ADULT CATECHETICAL ORGANIZATION, FAITHFUL TO THE MAGISTERIUM OF THE CATHOLIC CHURCH. THE INSTITUTE SEEKS TO FULFILL ITS MISSION BY OFFERING EDUCATIONAL PROGRAMS STRUCTURED UPON THE CLASSICAL LIBERAL ARTS.

Program Service Accomplishments

Program 1
Expenses: $920,956 Revenue: $74,542

THE INSTITUTE HOSTS EDUCATIONAL SEMINARS DESIGNED TO BUILD BRIDGES OF UNDERSTANDING IN THE CATHOLIC FAITH. THE EDUCATIONAL PROGRAMS ARE STRUCTURED UPON LIBERAL ARTS AND BY OFFERING OPPORTUNITIES IN...

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THE INSTITUTE HOSTS EDUCATIONAL SEMINARS DESIGNED TO BUILD BRIDGES OF UNDERSTANDING IN THE CATHOLIC FAITH. THE EDUCATIONAL PROGRAMS ARE STRUCTURED UPON LIBERAL ARTS AND BY OFFERING OPPORTUNITIES IN WHICH AUTHENTIC CATHOLIC CULTURE IS EXPERIENCED AND LIVED.

Program 2
Expenses: $161,365

THE MAGDALA APOSTOLATE IS AN OUTREACH PROJECT OF THE INSTITUTE OF CATHOLIC CULTURE AND IS DEDICATED TO PROVIDING SOUND DOCTRINAL FORMATION BOTH INITIAL AND ONGOING FOR WOMEN RELIGIOUS AND NOVICES, IN...

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THE MAGDALA APOSTOLATE IS AN OUTREACH PROJECT OF THE INSTITUTE OF CATHOLIC CULTURE AND IS DEDICATED TO PROVIDING SOUND DOCTRINAL FORMATION BOTH INITIAL AND ONGOING FOR WOMEN RELIGIOUS AND NOVICES, IN ACCORD WITH THE CHURCH'S CALL FOR A NEW EVANGELIZATION AND THE MISSION OF THE INSTITUTE OF CATHOLIC CULTURE.

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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 $1,655,110
Program Service Revenue $74,542
Investment Income $40,907
Other Revenue $26,666
TOTAL REVENUE $1,797,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $957,519
Fundraising Expenses $271,659
Program Expenses $1,082,321
Other Expenses $664,309
TOTAL EXPENSES $1,621,828

Year-over-Year Comparison

2024 2023 Change
Revenue $1,797,225 $1,800,736 0.0%
Expenses $1,621,828 $1,516,285 +0.1%
Net Income $175,397 $284,451 -0.4%
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
9
Independent Members
8
Employees
18
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
5
$183,945
Total Directors
9
$183,945
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEZEKIAS SABATINO CARNAZZO EXECUTIVE DIRECTOR 40.00
Officer Director
$166,385 $17,560 $183,945
DR AMY SMITH SECRETARY 8.00
Officer Director
$0 $0 $0
TERESA COTTER DIRECTOR 4.00
Director
$0 $0 $0
DAVID GRABOSKY TREASURER 8.00
Officer Director
$0 $0 $0
ANNE MARIE MCNEW DIRECTOR 4.00
Director
$0 $0 $0
ALBERTO FERNANDEZ DIRECTOR 4.00
Director
$0 $0 $0
DR ARTHUR DE LORIMIER VICE-CHAIR 4.00
Officer Director
$0 $0 $0
MICHAEL LATONA CHAIR 8.00
Officer Director
$0 $0 $0
CHRISTOPHER MCMANUS DIRECTOR 4.00
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 $1,797,225 $1,621,828 $1,666,109 $175,397
2024 $1,800,736 $1,516,285 $1,572,848 $284,451
2023 $1,569,455 $1,532,564 $1,174,896 $36,891
2022 $1,582,424 $1,348,322 $1,201,101 $234,102
2021 $1,186,063 $882,085 $891,052 $303,978
2020 $851,526 $764,368 $651,827 $87,158
2019 $636,557 $670,838 $469,898 $-34,281
2018 $649,150 $506,856 $509,701 $142,294
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