Fraternus INC EIN 26-0873205 Form 990 (PDF) Claim this org

Fraternus INC FY2023 filing

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Guides boys to become virtuous Catholic men through mentorship. For fiscal year 2023 it reported $708K in revenue, $757K in expenses, and $418K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Columbus, NC
Website
fraternusbrothers.org
Filings
6 on file (2020–2023)
Revenue
$708KFY2023
Expenses
$757K
Net assets
$418K
People
17
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-0873205 Public charity (501(c)(3)) Columbus, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Guides boys to become virtuous Catholic men through mentorship.
Leadership
Jason Craig · Executive Director · $120K
Money in and out
$708K revenue, $757K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$708K
Pt VIII · Ln 12
Total expenses
$757K
Pt IX · Ln 25
Net assets
$418K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$49K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.19 Fundraising $0.10
Program efficiency
71%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$708K
FY2023▲ +5%
Expenses
$757K
FY2023▲ +1%
Total assets
$722K
FY2023▲ +5%
Total liabilities
$303K
FY2023▼ -4%
Total revenue
$708K
Pt VIII · Ln 12
Total expenses
$757K
Pt IX · Ln 25
Net assets
$418K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$49K
Total assetsPt X · Ln 16$722K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

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 (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$120,094Pt VII · Sec A
Director of Operations
$96,295Pt VII · Sec A
Director of Finance
$76,643Pt VII · Sec A
Director of Missions
$30,845Pt VII · Sec A
Communications Officer
$12,000Pt VII · Sec A
Ranch Content Co
$7,000Pt VII · Sec A
Ranch Coofficer
$6,000Pt VII · Sec A
Ranch Content Co
$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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Mission & Programs · Part III

Where the work happens

2 program services account for $537K of program spending, described in the organization's own filed words · FY2022.
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.

$326Kprogram 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.

$211Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$408K · 58%
Program service revenue$345K · 49%
Contributions & grants58%$408K
Program service revenue49%$345K
Total revenueLn 12$708K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.19 Fundraising $0.10
Program services71%$537K
Management & general19%$141K
Fundraising10%$78K
Total functional expensesLn 25$757K

Balance Sheet

Part X · end of year
CashLn 1$607K
Total assetsLn 16$722K
Total liabilitiesLn 26$303K
Total net assetsLn 32$418K
Months of cash on handcomputed9.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $722K · Operating expenses/yr $757K
11.4 months
Where the money goes
Program services
Program services $537K · Total expenses $757K
71%
Management & General
Management & general $141K · Total expenses $757K
19%
Fundraising
Fundraising $78K · Total expenses $757K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $90K · Solicited contributions (3-yr avg) $403K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $408K · Total revenue $708K
58%
Government reliance
Government grants — · Total revenue $708K
Earned-income share
Program service revenue $345K · Total revenue $708K
49%
Investment reliance
Investment income $-24K · Total revenue $708K
-3%
Program self-sufficiency
Program service revenue $345K · Total expenses $757K
46%
Growth & trend
Revenue growth (YoY)
This year $708K · Prior year $672K
+5%
Net-asset trend (YoY)
End of year $418K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $708K · Expenses $757K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $722K
Net-asset ratio
Net assets $418K · Total assets $722K
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $115K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $722K
16%
People & payroll
Highest Reported Total Compensation
Individual Jason Craig · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $120K · Total expenses $757K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $414K · Total expenses $757K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 19%
Fundraising cost ratio 19%
Revenue growth 5%
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 · ⤓ 990 PDF
FY2024$773K revenue · ⤓ 990 PDF
FY2023$708K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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