Civic Intelligence

Ignatian Lay Volunteer Corporation

EIN 52-1885486 • 501(c)3 • Baltimore, MD

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Profile

Ignatian Lay Volunteer Corporation (d/b/a Ignatian Volunteer Corps, d/b/a IVC) (the Organization) is a religious nonprofit Maryland corporation whose purpose is to provide men and women age 50 and over the opportunity to serve the needs of people who are poor, to work for a more just society, and to grow deeper in Christian faith by reflecting and praying in the Ignatian tradition. The Organization was founded by Jesuits (Society of Jesus) of the Maryland Province in response to General Congregation 34 of the Society of Jesus. The Organization is independent and lay led, and firmly committed to maintaining its Ignatian character and its strong ties to the Society of Jesus.

740 N Calvert Street Suite 500Baltimore, MD 21202

www.ivcusa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.73x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.48x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

57th percentile

7.8%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$112,829

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$1,811,365

Up $203,629 (+13%) from 2023

Liabilities

Down

$1,323,943

Down $10,951 (-0.8%) from 2023

Net Assets

Up

$487,422

Up $214,580 (+79%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin57th percentile

Revenue

Up

$2,750,880

Up $275,803 (+11%) from 2023

Expenses

Up

$2,536,300

Up $81,351 (+3.3%) from 2023

Net Income

Up

$214,580

Up $194,452 (+966%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2011: $177,407Liabilities 2011: $155,029Net Assets 2011: $22,3782011Assets 2012: $178,969Liabilities 2012: $127,548Net Assets 2012: $51,4212012Assets 2013: $473,914Liabilities 2013: $585,601Net Assets 2013: -$111,6872013Assets 2014: $370,105Liabilities 2014: $759,474Net Assets 2014: -$389,3692014Assets 2015: $475,194Liabilities 2015: $721,495Net Assets 2015: -$246,3012015Assets 2016: $516,489Liabilities 2016: $649,969Net Assets 2016: -$133,4802016Assets 2017: $855,658Liabilities 2017: $801,031Net Assets 2017: $54,6272017Assets 2018: $709,341Liabilities 2018: $800,266Net Assets 2018: -$90,9252018Assets 2019: $951,545Liabilities 2019: $836,416Net Assets 2019: $115,1292019Assets 2020: $1,005,508Liabilities 2020: $868,027Net Assets 2020: $137,4812020Assets 2021: $950,068Liabilities 2021: $764,725Net Assets 2021: $185,3432021Assets 2022: $1,418,876Liabilities 2022: $1,166,162Net Assets 2022: $252,7142022Assets 2023: $1,607,736Liabilities 2023: $1,334,894Net Assets 2023: $272,8422023Assets 2024: $1,811,365Liabilities 2024: $1,323,943Net Assets 2024: $487,4222024

Highlighted filing

2024

Assets$1,811,365
Liabilities$1,323,943
Net Assets$487,422
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $790,607Expenses 2011: $797,262Net Income 2011: -$6,6552011Revenue 2012: $1,127,944Expenses 2012: $1,098,901Net Income 2012: $29,0432012Revenue 2013: $135,576Expenses 2013: $362,587Net Income 2013: -$227,0112013Revenue 2014: $1,302,425Expenses 2014: $1,580,107Net Income 2014: -$277,6822014Revenue 2015: $1,605,465Expenses 2015: $1,462,397Net Income 2015: $143,0682015Revenue 2016: $1,613,274Expenses 2016: $1,500,453Net Income 2016: $112,8212016Revenue 2017: $1,810,984Expenses 2017: $1,622,877Net Income 2017: $188,1072017Revenue 2018: $1,496,057Expenses 2018: $1,641,609Net Income 2018: -$145,5522018Revenue 2019: $1,949,975Expenses 2019: $1,743,921Net Income 2019: $206,0542019Revenue 2020: $1,963,321Expenses 2020: $1,940,969Net Income 2020: $22,3522020Revenue 2021: $2,049,175Expenses 2021: $1,977,413Net Income 2021: $71,7622021Revenue 2022: $2,278,186Expenses 2022: $2,191,990Net Income 2022: $86,1962022Revenue 2023: $2,475,077Expenses 2023: $2,454,949Net Income 2023: $20,1282023Revenue 2024: $2,750,880Expenses 2024: $2,536,300Net Income 2024: $214,5802024

Highlighted filing

2024

Revenue$2,750,880
Expenses$2,536,300
Net Income$214,580
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,811,365
Liabilities
$1,323,943
Net assets
$487,422
Revenue
$2,750,880
Expenses
$2,536,300
Net income
$214,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.81$1.32$0.49$2.75$2.54$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.61$1.33$0.27$2.48$2.45$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.42$1.17$0.25$2.28$2.19$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.76$0.19$2.05$1.98$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.87$0.14$1.96$1.94$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.84$0.12$1.95$1.74$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.80$0.09$1.50$1.64$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.80$0.05$1.81$1.62$0.19
2016Summary only. Only limited summary data is available for this year.$0.52$0.65$0.13$1.61$1.50$0.11
2015Summary only. Only limited summary data is available for this year.$0.48$0.72$0.25$1.61$1.46$0.14
2014Summary only. Only limited summary data is available for this year.$0.37$0.76$0.39$1.30$1.58$0.28
2013Summary only. Only limited summary data is available for this year.$0.47$0.59$0.11$0.14$0.36$0.23
2012Summary only. Only limited summary data is available for this year.$0.18$0.13$0.05$1.13$1.10$0.03
2011Summary only. Only limited summary data is available for this year.$0.18$0.16$0.02$0.79$0.80$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 11, 2025
Return Version
2023v6.0
Gross Receipts
$2,903,650
Mission and Program Overview

Mission

The Ignatian Volunteer Corps (IVC) provides mature men and women the opportunity to serve the needs of people who are poor, to work for a more just society, and to grow deeper in Christian faith by reflecting and praying in the Ignatian tradition.

Ignatian Lay Volunteer Corporation (d/b/a Ignatian Volunteer Corps, d/b/a IVC) (the Organization) is a religious nonprofit Maryland corporation whose purpose is to provide men and women age 50 and over the opportunity to serve the needs of people who are poor, to work for a more just society, and to grow deeper in Christian faith by reflecting and praying in the Ignatian tradition. The Organization was founded by Jesuits (Society of Jesus) of the Maryland Province in response to General Congregation 34 of the Society of Jesus. The Organization is independent and lay led, and firmly committed to maintaining its Ignatian character and its strong ties to the Society of Jesus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$500,061$947,578▲ $447,517
Cash and Non-Interest-Bearing Accounts$610,220$431,213▼ $179,007
Accounts Receivable$428,613$381,214▼ $47,399
Land, Buildings, and Equipment, Net$36,119$29,756▼ $6,363
Prepaid Expenses and Deferred Charges$29,111$17,992▼ $11,119
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,607,736$1,811,365▲ $203,629
Other Assets Total$3,612$3,612→ $0
Liabilities
Deferred Revenue$809,010$769,215▼ $39,795
Mortgage Notes Payable Secured by Investment Property$422,770$401,065▼ $21,705
Accounts Payable and Accrued Expenses$103,114$153,663▲ $50,549
Total Liabilities$1,334,894$1,323,943▼ $10,951
Net Assets / Fund Balance
Net Assets With Donor Restrictions$414,033$893,838▲ $479,805
Net Assets Without Donor Restrictions$-141,191$-406,416▼ $265,225
Total Net Assets Fund Balance$272,842$487,422▲ $214,580
Total Liabilities and Net Assets / Fund Balance$1,607,736$1,811,365▲ $203,629

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,756$56,382$86,138
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mary McGinnityex officioPresident & CEOFT$112,829$112,829

Board Members and Trustees

NameTitle
Richard KellyChairman
Mary PodestaVice Chair
Melissa Collins Di LeonardoVice Chair
Anthony GranadoDirector
Brian BurkeDirector
Brian GagnonDirector
Georgette Lehmuth OSFDirector
Henry FrankDirector
James Fleming SJDirector
Jim Conroy SJ ex officioDirector
John DewanDirector
Letty GarciaDirector
Mark RugeDirector
Mary BaudouinDirector
Michael McCollochDirector
Paul TillmanDirector
Sarah Ferraro CNPDirector
Sharon Wilson GenoDirector
John CosgroveSecretary
Nancy WoodleySecretary
Jim TracyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Young Brophy PCAccounting and consulting10211 Wincopin Circle Suite 150, Columbia, MD 21044$127,575
Revenue and Support

Revenue Composition

Contributions and Grants
$1,857,223
Program Service Revenue
$1,021,860
Investment Income
$18,067
Other Revenue
$-146,270
All Other Contributions
$1,438,567
Change in Net Assets
$214,580

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,750,880
Revenue Not Reported on Form 990
$1,500
Total Revenue per Audited Statements
$2,752,380
Total Revenue per Form 990
$2,750,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,618,788
Other Expenses$917,512
Total Fundraising Expense$225,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,126,919$102,780$89,908$1,319,607
Other Employee Benefits$149,000$17,642$19,710$186,352
Fees for Services Other$113,494-$49,398$162,892
Fees for Services Accounting$57,030$85,545-$142,575
Current Officers, Directors, Trustees, and Key Employees$11,283$67,697$33,849$112,829
Office Expenses$96,318$15,011-$111,329
Travel$17,145$15,261$15,261$47,667
Other Expenses$30,639$10,126$11,975$40,765
Insurance-$33,217-$33,217
Depreciation Depletion$15,285$6,551-$21,836
Fees for Services Management-$21,312-$21,312
Interest$12,462$1,716-$14,178
All Other Expenses$7,678$3,430$2,612$13,720
Occupancy-$10,320$2,580$12,900
Total Functional Expenses$1,831,365$479,642$225,293$2,536,300

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,537,800
Expenses per Audited Statements$2,536,300
Total Expenses per Form 990$2,536,300
Expenses Not Reported on Form 990$1,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$152,770
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Liturgical Mtgs$418,656-$54,066-
Total Events$418,656-$152,770$-152,770
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

Form 990, Part VI, Section A, Line 1A

“In instances where special circumstances require expeditious action between meetings of the Board of Directors, the Executive Committee shall have the power to take the necessary actions, subject to any prior limitations imposed by the Board of Directors.”

Form 990, Part VI, Section B, Line 11B

“Copies are provided and made available to the officers and board of directors for review prior to filing. Officers and directors are requested to review and respond to the Treasurer and President/CEO with any questions.”

Form 990, Part VI, Section B, Line 12C

“President/CEO ensures that Conflict of Interest policy is communicated annually to Board members.Appropriate acknowledgment forms of this policy are signed by each board member and maintained by the Organization.”

Form 990, Part VI, Section B, Line 15A

“President/CEO compensation is determined by the Board of Directors based on comparability data.”

Form 990, Part VI, Section C, Line 19

“Financial documents, governing policies, etc. are available on the Organization's website and are provided upon request to all parties.”

Filing and Contact Details

Filer

Filer Name
Ignatian Lay Volunteer Corporation
EIN
52-1885486
Phone
4107524686
Address
740 N Calvert Street Suite 500, Baltimore, MD 21202

Signing Officer

Name
Mary McGinnity
Title
President/CEO
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Md
Voting Board Members
21
Independent Board Members
21
Employees
33
Volunteers
529

Preparer

Firm
Young Brophy PC
Address
10211 Wincopin Circle Suite 150, Columbia, MD 21044
Preparer
Peter J Brophy
Phone
4432767000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6, Number of volunteers

“Ignatian Lay Volunteer Corporation (IVC) has 529 volunteers (known as Service Corps Members) that provide direct services to local nonprofit organizations that serve people in need in their communities and provides structured spiritual formation and a supportive community to those Service Corps Members.”

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Uncollected partnership fees $1500”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Bad debt expense $1500”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Recruit, place & support volunteers age 50 & older for community service in various states. Offers a nationwide program of community service to help individuals & families improve their quality of life as well as providing meaningful service opportunities for adults 50 and older and affording those Service Corps Members resources to facilitate their spiritual growth. It builds on existing community resources, developing partnerships with local non-profit agencies working to strengthen and support communities and their residents. In the current fiscal year, the number of service corps members remains on trend at 529 volunteers. Service Corps Members worked with local nonprofits in their communities dedicated to helping people in need to overcome poverty and structural barriers to achieve their full potential. Service Corps Members worked in many sectors and functions, applying their skills and experience in education, housing, adult literacy, employment, refugee resettlement, and many other areas. IVC recognizes the symbiotic relationship between our member's spirituality and their commitment to serve those in need. We believe when a Service Corps Member's spirituality is fortified by prayer, reflection and community, it leads to a volunteer experience filled with deep meaning, courage, and hope! To that end, the members of the IVC service corps meet monthly for community prayer and sharing on their service experiences. They are encouraged to keep a private prayer journal and meet with a Spiritual Reflector to help them see their volunteer work as an expression of their faith.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Jim Tracy
IRS990/Form990PartVIISectionAGrp/PersonNm3Mary Podesta
IRS990/Form990PartVIISectionAGrp/PersonNm4Nancy Woodley
IRS990/Form990PartVIISectionAGrp/PersonNm5Mary Baudouin
IRS990/Form990PartVIISectionAGrp/PersonNm6Brian Burke
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IRS990/Form990PartVIISectionAGrp/PersonNm9John Dewan
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IRS990/Form990PartVIISectionAGrp/PersonNm15Sharon Wilson Geno
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IRS990/MissionDesc0Ignatian Lay Volunteer Corporation (d/b/a Ignatian Volunteer Corps, d/b/a IVC) (the Organization) is a religious nonprofit Maryland corporation whose purpose is to provide men and women age 50 and over the opportunity to serve the needs of people who are poor, to work for a more just society, and to grow deeper in Christian faith by reflecting and praying in the Ignatian tradition. The Organization was founded by Jesuits (Society of Jesus) of the Maryland Province in response to General Congregation 34 of the Society of Jesus. The Organization is independent and lay led, and firmly committed to maintaining its Ignatian character and its strong ties to the Society of Jesus.
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