Ignatian Lay Volunteer Corporation

Nonprofit profile at a glance

EIN
521885486
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Baltimore, MD, USA
Phone
4107524686
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$3,705,888
Expenses
$2,697,470
Assets
$3,047,199
Liabilities
$1,551,359

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • Mary McGinnityex officio (President & CEO)

Highest reported compensation

  • Mary McGinnityex officio (President & CEO): $107,100 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ignatian Lay Volunteer Corporation (d/b/a Ignatian Volunteer Corps, d/b/a IVC) (the Organization) is a religious nonprofit Maryland corporation whose purpose is to provide men and women age 50 and over the opportunity to serve the needs of people who are poor, to work for a more just society, and to grow deeper in Christian faith by reflecting and praying in the Ignatian tradition. The Organization was founded by Jesuits (Society of Jesus) of the Maryland Province in response to General Congregation 34 of the Society of Jesus. The Organization is independent and lay led, and firmly committed to maintaining its Ignatian character and its strong ties to the Society of Jesus.

What it reported doing in 2024

Recruit, place & support volunteers age 50 & older for community service in various states. Offers a nationwide program of community service to help individuals & families improve their quality of life as well as providing meaningful service opportunities for adults 50 and older and affording those Service Corps Members resources to facilitate their spiritual growth. It builds on existing community resources, developing partnerships with local non-profit agencies working to strengthen and support communities and their residents. In the current fiscal year, the number of service corps members remains on trend at 528 volunteers. Service Corps Members worked with local nonprofits in their communities dedicated to helping people in need to overcome poverty and structural barriers to achieve their full potential. Service Corps Members worked in many sectors and functions, applying their skills and experience in education, housing, adult literacy, employment, refugee resettlement, and many other areas. IVC recognizes the symbiotic relationship between our member's spirituality and their commitment to serve those in need. We believe when a Service Corps Member's spirituality is fortified by prayer, reflection and community, it leads to a volunteer experience filled with deep meaning, courage, and hope! To that end, the members of the IVC service corps meet monthly for community prayer and sharing on their service experiences. They are encouraged to keep a private prayer journal and meet with a Spiritual Reflector to help them see their volunteer work as an expression of their faith.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.6%; rating input score 53
  • Program expense ratio: 72.1%; rating input score 72
  • Fundraising efficiency: $10.23 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 27.2%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 1.13; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 9.3% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 16.7% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 52.6% of revenue deployed · 72.1% of spending went to programs
  • Governance: 20 of 20 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $107K · 21 people listed
  • Highest-paid contractors: 1 contractor listed · $132K reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.