Civic Intelligence

Path to Peace Foundation

990 • Fiscal year 2021 • EIN 13-3629516

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 07, 2022

25 East 39th StreetNew York, NY 10016

(212) 370-7885

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.03x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

5th percentile

-44%

Higher net margin than 5% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

28th percentile

1.1%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,427,967

Up $94,558 (+1.1%) from 2020

Net Assets

Up

$8,406,966

Up $102,243 (+1.2%) from 2020

Liabilities

Down

$21,001

Down $7,685 (-27%) from 2020

Revenue

Down

$693,785

Down $2,195,518 (-76%) from 2020

Expenses

Down

$998,837

Down $2,283,642 (-70%) from 2020

Net Income

Up

-$305,052

Up $88,124 (+22%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $9,196,852Liabilities 2011: $19,2822011Assets 2012: $9,161,783Liabilities 2012: $20,4862012Assets 2013: $8,986,026Liabilities 2013: $4,2142013Assets 2014: $9,086,620Liabilities 2014: $1,2212014Assets 2020: $8,333,409Liabilities 2020: $28,686Net Assets 2020: $8,304,7232020Assets 2021: $8,427,967Liabilities 2021: $21,001Net Assets 2021: $8,406,9662021Assets 2022: $7,319,832Liabilities 2022: $50,691Net Assets 2022: $7,269,1412022Assets 2023: $7,274,863Liabilities 2023: $33,308Net Assets 2023: $7,241,5552023Assets 2024: $9,799,143Liabilities 2024: $27,563Net Assets 2024: $9,771,5802024

Highlighted filing

2021

Assets$8,427,967
Liabilities$21,001
Net Assets$8,406,966

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $540,892Expenses 2011: $589,902Net Income 2011: -$49,0102011Revenue 2012: $483,182Expenses 2012: $553,500Net Income 2012: -$70,3182012Revenue 2013: $445,220Expenses 2013: $524,541Net Income 2013: -$79,3212013Revenue 2014: $312,544Expenses 2014: $531,775Net Income 2014: -$219,2312014Revenue 2020: $2,889,303Expenses 2020: $3,282,479Net Income 2020: -$393,1762020Revenue 2021: $693,785Expenses 2021: $998,837Net Income 2021: -$305,0522021Revenue 2022: $558,654Expenses 2022: $1,114,278Net Income 2022: -$555,6242022Revenue 2023: $571,973Expenses 2023: $991,942Net Income 2023: -$419,9692023Revenue 2024: $3,472,692Expenses 2024: $1,174,979Net Income 2024: $2,297,7132024

Highlighted filing

2021

Revenue$693,785
Expenses$998,837
Net Income-$305,052
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 7, 2022
Return Version
2021v4.2
Gross Receipts
$1,496,213
Mission and Program Overview

Mission

To spread the message of peace as supported by the catholic church, through the words and activities of the pope and the holy see.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,356,807$4,710,161▲ $353,354
Land, Buildings, and Equipment, Net$3,130,315$2,930,622▼ $199,693
Savings and Temporary Cash Investments$815,302$752,760▼ $62,542
Prepaid Expenses and Deferred Charges$30,000$30,000→ $0
Accounts Receivable$985$4,424▲ $3,439
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,333,409$8,427,967▲ $94,558
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$28,686$21,001▼ $7,685
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$28,686$21,001▼ $7,685
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,276,090$8,383,512▲ $107,422
Net Assets With Donor Restrictions$28,633$23,454▼ $5,179
Total Net Assets Fund Balance$8,304,723$8,406,966▲ $102,243
Total Liabilities and Net Assets / Fund Balance$8,333,409$8,427,967▲ $94,558

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,054,737$3,493,356$5,548,093
Land$704,460-$704,460
Other Land Buildings$156,508$213,357$369,865
Leasehold Improvements$14,917$245,844$260,761
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$570,317
Program Service Revenue
$0
Investment Income
$123,468
Other Revenue
$0
All Other Contributions
$252,986
Change in Net Assets
$-305,052

Audited Revenue Reconciliation

Revenue per Audited Statements
$656,101
Revenue Not Reported on Financial Statements
$37,684
Revenue Not Reported on Form 990
$407,295
Total Revenue per Audited Statements
$1,063,396
Total Revenue per Form 990
$693,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$575,933
Grants and Similar Amounts Paid$422,904
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$393,004--$393,004
Depreciation Depletion$129,800$69,893-$199,693
Occupancy$84,501$45,501-$130,002
Office Expenses$43,358$39,552-$82,910
Fees for Services Accounting-$39,721-$39,721
Fees for Service Investment Mgmnt Fees-$37,684-$37,684
Foreign Grants$29,900--$29,900
Fees for Services Other-$4,200-$4,200
Other Expenses$3,813--$3,813
Travel-$1,850-$1,850
Fees for Services Legal-$1,165-$1,165
Total Functional Expenses$759,271$239,566$0$998,837

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$998,837
Expenses per Audited Statements$961,153
Total Expenses per Audited Statements$961,153
Expenses Not Reported on Financial Statements$37,684
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Permanent Observer Mission of the Holy SeeNew York, NY501(c)(3)General Support$330,000
Holy Family Hospital of BethlehemWashington, DC501(c)(3)general support$16,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanGrantmakingProgram grants---
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$155,470
Fundraising Gross Income$155,470
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$472,801$317,331-$317,331
Total Events$472,801$317,331$155,470$161,861
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B - 990 review and approval process

Form 990 is reviewed by the treasurer of the board and provided to the board for review prior to submission.

Part VI, Section C, 19 - Availability of governing documents

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Part VI, Section B, line 12C - Conflict of interest policy

The Path to Peace's Conflict of Interest policy is provided to each Board Member at the beginning of the year. Each Director completes and returns the Conflict of Interest Questionnaire and the signed acknowledgment. These are reviewed to verify that no conflict of interest exists and the forms are maintained by the Path to Peace. Any conflicts that exist would be brought to the board for discussion and review.

Filing and Contact Details

Filer

Filer Name
Path to Peace Foundation
EIN
13-3629516
In Care Of
% TAXPAYER
Phone
2123707885
Address
25 EAST 39TH STREET, NEW YORK, NY 10016

Signing Officer

Name
Gabriele Caccia
Title
Trustee
Phone
2123707885
Signed
2022-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
The Most Rev Gabriele Caccia
Formed
1991
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
9

Preparer

Firm
WithumSmithBrown PC
Address
200 Jefferson Park Suite 400, Whippany, NJ 07981-1070
Phone
9738989494
Supplemental Narrative

Additional Explanations

PART III, Line 4A Program Service Accomplishments

The Permanent Observer Mission of the Holy See to the United Nations was officially established on April 6, 1964 and has since then taken an active role toward the advancement of peace and justice in the international community, through sharing with the nations the social teachings of the Catholic Church. Increasing interest in the works of the Papal Mission at the United Nations underlined the need to spread greater awareness of the teachings of the Holy Father on important international questions of ethics, development and human rights, in order to provoke discussion and formulate humanitarian action. Due to the need for expanded humanitarian and peacemaking activities that go beyond the strictly diplomatic parameters of the Holy See Mission to the United Nations, The Path to Peace Foundation was established in 1991, by Cardinal Renato R. Martino, then Apostolic Nuncio and Permanent Observer of the Holy See to the United Nations. The Foundation, legally independent from but integrally united to the Holy See Mission, tax-exempt under Section 501c3 of the IRS Code, directs its activities primarily to the international stage of the United Nations. Its principal purpose is to support the Permanent Observer Mission of the Holy See at the United Nations and to spread the message of peace by which the Catholic Church, through the words and activities of the Pope and of the Holy See, strives to "guide our steps into the path of peace" (Lk 1:79). The mission of the Foundation is to disseminate information and documentation on statements and initiatives of the Holy Father, the Holy See and Catholic organizations directed toward building a world of justice, charity and peace, to host conferences, seminars and lectures to study the social teachings of the Church in action, to promote cultural initiatives touching on Christian heritage in art, music and the humanities, and to foster religious and humanitarian projects with a view to promoting fundamental human rights by calling attention to specific emergency needs that arise in different parts of the world. Funds raised have allowed the Path to Peace Foundation to sponsor at the United Nations 71 different conferences in the last three years, including on the scourge of human trafficking and all forms of modern slavery, the persecution and sufferings of Christians and other minorities in the Middle East, Africa and Asia, the impact of good parents on children and society, women and work, protection for migrants and refugees in vulnerable situations, the protection of indigenous peoples and lands, peace and reconciliation in Colombia, ideological colonization in Africa, the best practices for maternal healthcare in Africa, on protecting and valuing those with Down Syndrome, on the integral education of girls and women, on the link between development and human rights in the eradication of poverty, on the Right to Protect and the prevention of violence that can lead to atrocity crimes, the role of the Holy See at the United Nations, St. Teresa of Calcutta's enduring message of peace for the international community, the colorful history and present reality of the Pontifical Swiss Guard protecting the Pope, the human person in the art of Raphael, Pope Francis' summons to nonviolence as a style of politics for peace, overcoming barriers to women's economic empowerment and property rights due to HIV/AIDS in Africa, the distinctiveness of women's work and her promotion, the role of faith based organizations in accompanying indigenous communities, the centenary of Fatima and the enduring relevance of its message of peace, Raphael's art and Christian humanism and more. Everything from paying for rooms, live and on-demand webcasts, UN security fees, to speaker travel and accommodations, is picked up by the generosity of people to the Path to Peace Foundation, and these conferences allow us to shine the light of Catholic Social Teaching on current issues far more than very short official intervent

Financial Statement Notes

Form, Schedule D, Part X, Line 2

The Foundation qualifies as a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation follows the provisions of authoritative guidance on accounting for uncertainty in income taxes for the years ended December 31, 2021 and 2020. Under this guidance, tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Foundation has evaluated the likelihood of their tax-exempt status being challenged as remote. Accordingly, the Foundation has not included any income tax provisions or any potential liabilities for taxes on unrelated business income, including interest and penalties, in the financial statements related to potential violations of their tax-exempt status. There are no income tax related interest or penalties reflected in these financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation qualifies as a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation follows the provisions of authoritative guidance on accounting for uncertainty in income taxes for the years ended December 31, 2021 and 2020. Under this guidance, tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Foundation has evaluated the likelihood of their tax-exempt status being challenged as remote. Accordingly, the Foundation has not included any income tax provisions or any potential liabilities for taxes on unrelated business income, including interest and penalties, in the financial statements related to potential violations of their tax-exempt status. There are no income tax related interest or penalties reflected in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Form, Schedule D, Part X, Line 2
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