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Nonprofit · EIN 23-7106213

KNIGHTS OF COLUMBUS

Also known as 70 VALLADOLID COUNCIL

Tax-exempt · LYNN, MA 01904

Financials

$42K$34K2023$62K$74K2024
Revenue Expenses · by fiscal year end
Financials of KNIGHTS OF COLUMBUS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$61,918$74,056-$12,138$156,809$430$156,379
December 31, 2023990$41,950$33,535$8,415$168,966$449$168,517
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$48,104
Membership dues
$15,595
Program service revenue
$0
Investment income
$4,865
Net income from gaming
$10,371
Other revenue
$8,949

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$9,867
Salaries, compensation and benefits (total)
$10,910
Professional fundraising fees
$0
Accounting fees
$3,500
Occupancy
$12,000
Program services (functional)
$58,541
Management and general (functional)
$15,515

Balance sheet and other

Total assets, start of year
$168,966
Total assets, end of year
$156,809
Total liabilities, end of year
$430
Net assets, end of year
$156,379
Net assets without donor restrictions
$156,379
Gross receipts
$242,515
Employees
3
Volunteers
6
Year formed
1940
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL PHELPSTRUSTEE & TR
Trustee or director, Officer
10$8,580
MICHAEL SCARLATAFINANCIAL SE
Officer
10$1,287
LAURENCE DONAHUETRUSTEE
Trustee or director, Officer
1$0
BRIAN MAGRANETRUSTEE
Trustee or director, Officer
1$0
JOHN MINERGRAND KNIGHT
Officer
5$0
JOHN SUMARESRECORDING SE
Officer
10$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MICHAEL PHELPSTRUSTEE & TR
Trustee or director, Officer
10$8,580
MICHAEL SCARLATAFINANCIAL SE
Officer
10$1,287
FRANK HARRINGTONTRUSTEE
Trustee or director, Officer
1$0
JOHN MINERTRUSTEE
Trustee or director, Officer
1$0
CHARLIE ROWEGRAND KNIGHT
Officer
5$0
JOHN SUMARESRECORDING SE
Officer
10$0

Address and contacts

Address (IRS master file)
177 LYNNFIELD ST, LYNN, MA 01904-2225
In care of
% FINANCIAL SECRETARY
Principal officer (990 for 2024)
MICHAEL PHELPS, 177 LYNNFIELD STREET, LYNN, MA 01904
Signed the 990
MICHAEL PHELPS, TRUSTEE & TREASURER
Phone
(781) 593-0245
Return prepared by
NEAL A PRICE & COMPANY

Mission

THE KNIGHTS OF COLUMBUS WAS FORMED TO RENDER FINANCIAL AID TO MEMBERS AND THEIR FAMILIES. MUTUAL AID AND ASSISTANCE ARE OFFERED TO SICK, DISABLED, AND NEEDY MEMBERS AND THEIR FAMILIES. SOCIAL AND INTELLECTUAL FELLOWSHIP IS PROMOTED AMONG MEMBERS AND THEIR FAMILIES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTING AND CONDUCTING EDUCATIONAL, CHARITABLE, RELIGIOUS, AND SOCIAL WELFARE.
  • PROMOTING AND CONDUCTING EDUCATIONAL, CHARITABLE, RELIGIOUS, AND CHARITABLE WELFARE

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7106213
Tax-exempt status
501(c)(8): Fraternal beneficiary society
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$156,809
Income (IRS master file)
$242,515

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$61,918$74,056$156,809XML
990December 2023$41,950$33,535$168,966XML
990December 2022$19,592$27,081$160,400IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7106213).

Questions about KNIGHTS OF COLUMBUS

What is the EIN of KNIGHTS OF COLUMBUS?
The employer identification number (EIN) of KNIGHTS OF COLUMBUS is 23-7106213.
Is KNIGHTS OF COLUMBUS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(8) since 1940.
Which annual return does KNIGHTS OF COLUMBUS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KNIGHTS OF COLUMBUS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KNIGHTS OF COLUMBUS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of KNIGHTS OF COLUMBUS?
The 990 for the year ended December 31, 2024 names MICHAEL PHELPS.
Who are the officers and directors of KNIGHTS OF COLUMBUS?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $8,580 (MICHAEL PHELPS, TRUSTEE & TR).
How much revenue does KNIGHTS OF COLUMBUS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $61,918, expenses of $74,056 and total assets of $156,809 at year end.

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