Nonprofit · EIN 61-1164067
ETERNAL LIFE INC
Tax-exempt · BARDSTOWN, KY 40004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $820,816 | $356,103 | $464,713 | $6,661,676 | $0 | $6,661,676 |
| December 31, 2023 | 990 | $686,615 | $329,360 | $357,255 | $6,040,456 | $0 | $6,040,456 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,843
- Program service revenue
- $0
- Investment income
- $683,492
- Net rental income
- $32,095
- Net gain from sales of assets
- $478,362
- Net income from sales of inventory
- $79,298
- Other revenue
- $111,481
Expenses
- Grants and similar amounts paid
- $197,290
- Compensation of officers, directors and key employees
- $18,325
- Salaries, compensation and benefits (total)
- $18,325
- Professional fundraising fees
- $0
- Legal fees
- $13,000
- Accounting fees
- $11,640
- Occupancy
- $8,737
- Depreciation
- $9,435
- Program services (functional)
- $342,881
- Management and general (functional)
- $6,611
- Fundraising (functional)
- $6,611
Balance sheet and other
- Total assets, start of year
- $6,040,456
- Total assets, end of year
- $6,661,676
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,661,676
- Land, buildings and equipment
- $162,334
- Net assets without donor restrictions
- $6,661,676
- Gross receipts
- $3,421,228
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARED SPALDING | TREASURER Trustee or director, Officer | 10 | $18,325 |
| PHILIP SPALDING | DIR/VP Trustee or director, Officer | 1 | $0 |
| MARTHA SPALDING | DIR/SEC/TREAS Trustee or director, Officer | 1 | $0 |
| THOMAS P MONAGHAN | MEMBER OF BOARD Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARED SPALDING | TREASURER Trustee or director, Officer | 10 | $12,000 |
| PHILIP SPALDING | DIR/VP Trustee or director, Officer | 1 | $0 |
| MARTHA SPALDING | DIR/SEC/TREAS Trustee or director, Officer | 1 | $0 |
| THOMAS P MONAGHAN | MEMBER OF BOARD Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 902 W STEPHEN FOSTER AVE, BARDSTOWN, KY 40004-2402
- Principal officer (990 for 2024)
- JARED SPALDING, 902 W STEPHEN FOSTER, BARDSTOWN, KY 40004
- Signed the 990
- JARED SPALDING, DIR/SEC
- Phone
- (800) 842-2871
- Return prepared by
- SMITH & COMPANY CPA'S PLLC
Mission
THE ORGANIZATION IS DEDICATED TO PROMOTING AND DEFENDING THE ROMAN CATHOLIC RELIGION AND EDUCATING PEOPLE ABOUT THE FAITH. IN ORDER TO ACCOMPLISH THE MISSION AND EDUCATE PEOPLE ABOUT THE FAITH, THE ORGANIZATION DISTRIBUTES CATHOLIC LITERATURE AND AUDIO RECORDINGS THAT PROVIDE INFORMATION ABOUT CATHOLICISM. THE ORGANIZATION ALSO CONDUCTS RELIGIOUS CONFERENCES.
Program accomplishments
- SALES OF MATERIALS FOR EDUCATION ABOUT FAITH.Expenses $145,591 · revenue $589,755
- GRANTS TO ENCOURAGE AND FACILITATE 501(C)(3) ORGANIZATIONS AND PRIESTS IN THEIR EFFORTS TO TEACH AND PROMOTE THE ROMAN CATHOLIC FAITH.Expenses $197,290 · grants $197,290
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1164067
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X22Z)
- Assets (IRS master file)
- $6,661,676
- Income (IRS master file)
- $3,421,228
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $820,816 | $356,103 | $6,661,676 | XML |
| 990 | December 2023 | $686,615 | $329,360 | $6,040,456 | XML |
| 990 | December 2022 | $2,356,122 | $333,567 | $5,637,807 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1164067).
Questions about ETERNAL LIFE INC
- What is the EIN of ETERNAL LIFE INC?
- The employer identification number (EIN) of ETERNAL LIFE INC is 61-1164067.
- Is ETERNAL LIFE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to ETERNAL LIFE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ETERNAL LIFE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ETERNAL LIFE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ETERNAL LIFE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ETERNAL LIFE INC?
- The 990 for the year ended December 31, 2024 names JARED SPALDING.
- Who are the officers and directors of ETERNAL LIFE INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $18,325 (JARED SPALDING, TREASURER).
- How much revenue does ETERNAL LIFE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $820,816, expenses of $356,103 and total assets of $6,661,676 at year end.
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