Overview
What is Knights Of Columbus?
The Knights of Columbus is a Catholic fraternal organization with over 2 million members, founded in 1882. Based in New Haven, Connecticut, this nonprofit is dedicated to promoting educational, charitable, religious, and social welfare works. They render aid and assistance to their members, their families, and beneficiaries, focusing on mutual support for the sick, disabled, and needy. The organization offers insurance products, including life insurance, long-term care, disability income, and annuities, primarily for members and their families in the United States and Canada. With a total of 2,708 employees, the Knights of Columbus have accrued $1,977,160,096 in tax-exempt benefits for their members, processed 23,423 death claims in 2022, and the average life insurance certificate is worth $69,679.
Official website here: www.kofc.org
What are the reviews and ratings of this charity?
The Knights of Columbus is currently not rated by Charity Navigator due to its classification. The organization is not registered as a 501(c)(3) nonprofit with the IRS, which is a requirement for evaluation by Charity Navigator's methodologies including Accountability & Finance, and Impact & Measurement.
While the absence of a rating does not suggest a positive or negative performance, it highlights the limitations in available financial and operational transparency data. Charity Navigator's historical evaluations may have focused on similar entities but were based on different scopes that did not include Leadership, Adaptability, or Community Impact.
No user reviews from GreatNonprofits are available for the Knights of Columbus, meaning there is limited publicly shared feedback from individuals who have engaged with or benefited from the organization's activities. This absence of qualitative feedback makes it challenging to gauge the broader public perception and experiences.
This AI summary has been generated from information found on Charity Navigator.
Is Knights Of Columbus legitimate?
Knights Of Columbus is a legitimate nonprofit organization registered as a 501(c)(8) entity. Knights Of Columbus submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,159,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,336,192
For more financial information, click here
Official website here: www.kofc.org
What is the mission statement of Knights Of Columbus?
The Knights of Columbus is a Catholic fraternal organization committed to promoting and carrying out educational, charitable, religious, and social welfare works. Their mission includes providing mutual aid and assistance to sick and needy members and their families, as well as offering insurance products and annuities as benefits. With over 2 million members, the organization was founded in 1882 for the purposes of rendering aid, promoting social work, and conducting various forms of relief work. The Knights of Columbus effectively carry out these purposes by providing coverage for life insurance, long-term care, disability income, and annuity benefits to members, their wives, widows, and minor children, primarily in the United States and Canada. The total benefits accrued to members in 2022 amounted to $1,977,160,096, with 23,423 death claims incurred, and the average size of a life insurance certificate being $69,679, held by individuals with an average age of 51.
Official website here: www.kofc.org
Who is the CEO of Knights Of Columbus?
Patrick T Mason is the Director/Past Supreme Knight of Knights Of Columbus.
Official website here: www.kofc.org
What is the revenue of Knights Of Columbus?
Knights Of Columbus's revenue in 2022 was $2,549,652,973.
Official website here: www.kofc.org
Who are the executives of Knights Of Columbus and what are their salaries?
The average compensation at Knights Of Columbus during 2022 was $29,725. There are 2708 employees at Knights Of Columbus.
Here are 36 key members and their salaries:
- Compensation: $269,000
- Related: $0
- Other: $0
- Compensation: $32,550
- Related: $0
- Other: $0
- Compensation: $31,750
- Related: $0
- Other: $0
- Compensation: $31,798
- Related: $0
- Other: $0
- Compensation: $30,150
- Related: $0
- Other: $0
- Compensation: $31,750
- Related: $0
- Other: $0
- Compensation: $31,750
- Related: $0
- Other: $0
- Compensation: $1,639,096
- Related: $0
- Other: $51,375
- Compensation: $29,546
- Related: $0
- Other: $0
- Compensation: $135,000
- Related: $0
- Other: $0
- Compensation: $945,140
- Related: $0
- Other: $40,760
- Compensation: $320,699
- Related: $0
- Other: $51,290
- Compensation: $807,993
- Related: $0
- Other: $51,375
- Compensation: $32,550
- Related: $0
- Other: $0
- Compensation: $389,226
- Related: $0
- Other: $40,760
- Compensation: $30,312
- Related: $0
- Other: $0
- Compensation: $26,400
- Related: $0
- Other: $0
- Compensation: $30,550
- Related: $0
- Other: $0
- Compensation: $401,793
- Related: $0
- Other: $39,746
- Compensation: $22,950
- Related: $0
- Other: $0
- Compensation: $1,074,461
- Related: $0
- Other: $40,760
- Compensation: $34,150
- Related: $0
- Other: $0
- Compensation: $32,550
- Related: $0
- Other: $0
- Compensation: $32,550
- Related: $0
- Other: $0
- Compensation: $31,750
- Related: $0
- Other: $0
- Compensation: $9,200
- Related: $0
- Other: $0
- Compensation: $9,200
- Related: $0
- Other: $0
- Compensation: $9,200
- Related: $0
- Other: $0
- Compensation: $367,643
- Related: $0
- Other: $50,434
- Compensation: $293,805
- Related: $0
- Other: $51,097
- Compensation: $531,988
- Related: $0
- Other: $45,137
- Compensation: $441,177
- Related: $0
- Other: $27,541
- Compensation: $499,893
- Related: $0
- Other: $51,375
- Compensation: $826,548
- Related: $0
- Other: $0
- Compensation: $502,076
- Related: $0
- Other: $40,760
- Compensation: $490,172
- Related: $0
- Other: $44,482
Official website here: www.kofc.org
Where can I find the form 990 for Knights Of Columbus?
Knights Of Columbus's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kofc.org
Learn more at the official website: www.kofc.org
Mission Statement of Knights Of Columbus
The Knights of Columbus, a Catholic fraternal organization founded in 1882, is dedicated to promoting and carrying out educational, charitable, religious, and social welfare works. With over 2.0 million members, this organization offers mutual aid assistance to its sick and needy members and their families, as well as providing insurance products and annuities for their benefit.
The Knights of Columbus serves as a family fraternal service organization, providing coverage for life insurance, long-term care, disability income, and annuity benefits to members, their wives, widows, and minor children primarily in the United States and Canada. In 2022, 23,423 death claims were incurred by the organization, with the average size of a life insurance certificate being $69,679. The average age of a certificate holder was 51 years old.
The Knights of Columbus is committed to rendering aid to its members, their families, and the beneficiaries of its members. It promotes social work among its members and their families and conducts various educational, charitable, religious, social welfare, war relief, and public relief works. The organization's primary purposes include promoting social work, conducting educational, charitable, religious, and social welfare works, and providing mutual aid and assistance to its sick, disabled, and needy members and their families.
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Impact
October, 2024
The Knights of Columbus plays a significant role in enhancing the well-being of its members and their families through a diverse range of programs and services. With a robust membership of over 2 million, this organization not only fosters a strong sense of community among its members but also provides essential mutual aid and assistance to those facing illness or financial difficulties.
One of the core impacts is the provision of insurance products and annuities, which offer financial protection and peace of mind to members and their beneficiaries. In 2022 alone, the Knights processed 23,423 death claims, exemplifying their commitment to supporting families during times of loss. The average life insurance coverage held by members is approximately $69,679, demonstrating substantial financial backing available to support loved ones.
Beyond financial services, the Knights of Columbus is dedicated to charitable and social initiatives that benefit both its membership and the broader community. They engage in various educational and religious activities while addressing social welfare needs. This holistic approach not only meets immediate needs but also promotes long-term growth and stability among families and communities.
The organization’s focus on community service, education, and charitable works encourages members to contribute positively to society. This empowerment fosters a culture of giving back, where members actively participate in various charitable events and programs aimed at uplifting those in need. By combining mutual aid with community service, the Knights of Columbus significantly impacts the lives of their members and the wider society, leaving a lasting legacy of support and compassion.
This information is meant to be a general summary of Knights Of Columbus. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,100,610,428
- Program Service Revenue: $1,378,184,458
- Gross Receipts: $5,308,783,048
Assets and Liabilities:
- Total Assets: $29,370,584,012
- Total Liabilities: $26,622,937,776
- Net Assets: $2,747,646,236
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM INCOME
Revenue
$1,270,970,387
SUPPLEMENTARY CONTRACT
Revenue
$86,167,347
INTEREST MAINTENANCE R
Revenue
$13,380,002
MEMBERSHIP DUES
Revenue
$4,136,668
MISCELLANEOUS
Revenue
$1,790,189
Organization Details
Founding Year
1882
Phone
(203) 752-4000Principal Officer
Patrick T Mason
Main Address
ONE COLUMBUS PLAZA, NEW HAVEN, CT, 065103326
Website
www.kofc.orgNTEE Category
Code: Y41 - Mutual benefit
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