Fraternus INC FY2022 filing

Columbus, NC · Public charity (501(c)(3)) · Youth Development

✓ Tax-deductible
Revenue
$672K
-2% vs prior year
Spent
$749K
To programs
73%
Net assets
$373K
By yearFY2020–FY2025
Revenue
$672K
FY2022▼ -2%
Revenue by fiscal year
FY2020$414K
FY2021$688K
FY2022$672K
FY2023$708K
FY2024$773K
FY2025$1.0M
Expenses
$749K
FY2022▲ +7%
Expenses by fiscal year
FY2020$627K
FY2021$702K
FY2022$749K
FY2023$757K
FY2024$843K
FY2025$1.0M
Net assets
$373K
FY2022▼ -28%
Net assets by fiscal year
FY2020$357K
FY2021$515K
FY2022$373K
FY2023$418K
FY2024$388K
FY2025$393K

From the FY2022 Form 990 (year ending September 2022) · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2010-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CFraternus INC
EINHdr · item D26-0873205
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2013
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CColumbus, NC
NTEE classificationIRS BMFYouth Development (O50)
WebsiteHdr · item Jfraternusbrothers.org

Where the money goes

What each dollar paid for.

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%$544K
Management & general15%$112K
Fundraising12%$93K
Total functional expensesLn 25$749K

Financial health

Is it on solid ground?

Program efficiency
73%
of spending reaches programs
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$689K
FY2022▼ -7%
Total assets by fiscal year
FY2020$684K
FY2021$739K
FY2022$689K
FY2023$722K
FY2024$655K
FY2025$654K
Total liabilities
$316K
FY2022▲ +41%
Total liabilities by fiscal year
FY2020$326K
FY2021$224K
FY2022$316K
FY2023$303K
FY2024$267K
FY2025$261K
Revenue less expensesPt I · Ln 19−$77K
Total assetsPt X · Ln 16$689K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$689K
Total assetsLn 16$689K
Total liabilitiesLn 26$316K
Total net assetsLn 32$373K
Months of cash on handcomputed11.0

Statement of Revenue

Part VIII
Contributions & grants$416K · 62%
Program service revenue$267K · 40%
Contributions & grants62%$416K
Program service revenue40%$267K
Investment income$426
Total revenueLn 12$672K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $689K · Operating expenses/yr $749K
11.0 months
Where the money goes
Program services
Program services $544K · Total expenses $749K
73%
Management & General
Management & general $112K · Total expenses $749K
15%
Fundraising
Fundraising $93K · Total expenses $749K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $91K · Solicited contributions (3-yr avg) $399K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $416K · Total revenue $672K
62%
Government reliance
Government grants — · Total revenue $672K
—
Earned-income share
Program service revenue $267K · Total revenue $672K
40%
Investment reliance
Investment income $426 · Total revenue $672K
+0.06%
Program self-sufficiency
Program service revenue $267K · Total expenses $749K
36%
Growth & trend
Revenue growth (YoY)
This year $672K · Prior year $688K
-2%
Net-asset trend (YoY)
End of year $373K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $672K · Expenses $749K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $689K
—
Net-asset ratio
Net assets $373K · Total assets $689K
54%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $689K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jason Craig · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $125K · Total expenses $749K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $377K · Total expenses $749K
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 22%——
Revenue growth -2%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$124,660Pt VII · Sec A
Director of Operations
$93,746Pt VII · Sec A
Director of Finance & Administration
$80,994Pt VII · Sec A
Director of Mission Advancement
$35,000Pt VII · Sec A
Communications Officer
$12,000Pt VII · Sec A
Ranch Content Co-Officer
$7,000Pt VII · Sec A
Ranch Co-Officer
$6,000Pt VII · Sec A
Ranch Content Co-Officer
$0Pt VII · Sec A

Jason Craig’s $124K as Executive Director is at the 47th percentile of top reported officer pay among 1552 $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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Guides boys to become virtuous Catholic men through mentorship.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $544K of program spending, described in the organization's own filed words · FY2021.
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.

$384Kprogram 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. 155 boys and 72 volunteers attended Fraternus Ranch this fiscal year.

$161Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.0M$1.0M+35% 990 PDF
FY2024 $773K$843K+9% 990 PDF
FY2023 $708K$757K+5% 990 PDF
FY2022 Viewing $672K$749K-2% 990 PDF
FY2021 $688K$702K+66% 990 PDF
FY2020 $414K$627K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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