Croatian Benevolent Association C/o Joseph Piacun
Nonprofit profile at a glance
- EIN
- 833092669
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024
- Location
- Metairie, LA, USA
- Phone
- 5042074023
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fraternal Societies
Reported finances
- Revenue
- $37,736
- Expenses
- $41,998
- Assets
- $360,042
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JOSEPH PIACUN (PRESIDENT)
- ANDREW CVITANOVICH (VICE PRESIDENT)
People named in this filing
- JOSEPH PIACUN (PRESIDENT)
- ANDREW CVITANOVICH (VICE PRESIDENT)
- JOSEPH V FRANKS II (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The croatian benevolent association was formed to serve the needs of a growing number of croatian immigrants to the new orleans area. The organization was founded to foster, protect and promote the welfare and interests of its members and their families, primarily through providing burial and medical benefits to its members in need. The croatian benevolent association sponsors a college scholarship program to provide partial scholarship benefits to eligible applicants within the local croatian american community. The croatian benevolent association was formerly known as the "united slavonian benevolent association of new orleans." their EIN number was previously 72-6021942 and was changed to 83-3092669
What it reported doing in 2024
The croatian benevolent association sponsors a college/trade school scholarship program to provide partial scholarship benefits to eligible applicants within the local croatian american community. The board of directors of the croatian benevolent association scholarship program has approved $16,500 in funding for the 2020-2021 scholarship program. The scholarship program provides for the award of up to eleven individual scholarships.. Depending on the number of eligible applicants, a maximum of eleven individual $1,500 scholarship benefits may be awarded. If less than eleven eligible applicants are selected, the respective individual awards will increase proportionally to a maximum individual benefit of $2,500. The program will be open to either female or male applicants. To be eligible for this program the applicant must have a suitable croatian descent, live in the state of Louisiana, have graduated high school or completed a general equivalency diploma, and submit proof of full-time acceptance and/or enrollment at a university, junior college, or vocational/trade school.
Operating model
- Revenue model
- Other-operating. 77% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 82
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.9%; rating input score 41
- Program expense ratio: 26.2%; rating input score 26
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -11.3%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 8.57; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 13% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 32.9% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 40.9% of revenue deployed · 26.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- High — Financial Efficiency: Program expense ratio scored 26/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.