Fraternus INC EIN 26-0873205

Fraternus INC

EIN  26-0873205 Public charity (501(c)(3)) Columbus, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Guides boys to become virtuous Catholic men through mentorship.
Leadership
Jason Craig · Executive Director · $124K
Money in and out
$1.0M revenue, $1.0M expenses
Bottom line
73% program efficiency

Guides boys to become virtuous Catholic men through mentorship. For fiscal year 2025 it reported $1.0M in revenue, $1.0M in expenses, and $393K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.15 Fundraising $0.12
Program efficiency
73%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate▼ -21% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▲ +101% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.0M
FY2025▲ +35%
Expenses
$1.0M
FY2025▲ +24%
Total assets
$654K
FY20250%
Total liabilities
$261K
FY2025▼ -2%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$654K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $761K of program spending, described in the organization's own filed words · FY2024.
01

Fraternus Chapters

Fraternus, Inc. provides a Catholic mentoring program for Catholic parishes to sponsor and operate under their own volunteer leadership. The program consists of weekly meetings during the academic year (August-May) totaling approximately 32 meetings and 2 to 3 excursions.

$551Kprogram expense
02

Fraternus Ranch

Fraternus Ranch is a week long summer camp that boys attend with their volunteer mentors. The week includes team building adventure activities human formation, prayer and opportunities to grow in friendship with their mentors and fellow Fraternus Brothers. 375 boys and 210 volunteers attended Ranch in this year.

$209Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFraternus INC
EINHdr · item D26-0873205
Principal addressHdr · item CColumbus, NC
WebsiteHdr · item Jfraternusbrothers.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFApr 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$123,680Pt VII · Sec A
Director of Operations
$99,177Pt VII · Sec A
Director of Finance
$83,005Pt VII · Sec A
Dir Mission Advancemen
$70,000Pt VII · Sec A
$70,000Pt VII · Sec A
Deputy Sage
$7,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jason Craig’s $124K as Executive Director is at the 47th percentile of top reported officer pay among 1547 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Craig$123,680$123,680$120,094$124,660$126,068$111,308
Joshua Johnson$84,113$105,175
Chris Fernandez$99,177$99,177$96,295$93,746
Katie Davish$83,005$83,005$76,643$80,994
George Brunner$70,000
Merritt Bailey III$70,000
Chris Ortiz$30,845$35,000
Chris Michalski$13,125

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$629K · 60%
Contributions & grants$402K · 38%
Investment income$14K · 1%
Program service revenue60%$629K
Contributions & grants38%$402K
Investment income1%$14K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.15 Fundraising $0.12
Program services73%$761K
Management & general15%$160K
Fundraising12%$123K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$468K
Total assetsLn 16$654K
Total liabilitiesLn 26$261K
Total net assetsLn 32$393K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $637K · Operating expenses/yr $1.0M
7.3 months
Where the money goes
Program services
Program services $761K · Total expenses $1.0M
73%
Management & General
Management & general $160K · Total expenses $1.0M
15%
Fundraising
Fundraising $123K · Total expenses $1.0M
12%
Cost to raise $1
Fundraising expense (3-yr avg) $110K · Solicited contributions (3-yr avg) $392K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $402K · Total revenue $1.0M
38%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $629K · Total revenue $1.0M
60%
Investment reliance
Investment income $14K · Total revenue $1.0M
+1%
Program self-sufficiency
Program service revenue $629K · Total expenses $1.0M
60%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $773K
+35%
Revenue CAGR
FY2019 $414K · FY2024 $1.0M
+20%
Net-asset trend (YoY)
End of year $393K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.0M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $654K
Net-asset ratio
Net assets $393K · Total assets $654K
60%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $169K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $654K
26%
People & payroll
Highest Reported Total Compensation
Individual Jason Craig · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $124K · Total expenses $1.0M
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $526K · Total expenses $1.0M
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 15%
Fundraising cost ratio 31%
Revenue growth 35%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2024$773K revenue · ⤓ 990 PDF
FY2023$708K revenue · ⤓ 990 PDF
FY2022$672K revenue · ⤓ 990 PDF
FY2021$688K revenue · ⤓ 990 PDF
FY2020$414K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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