Our Vision As women and men in ministry with the Missionary Oblates of Mary Immaculate, motivated by the call of Jesus Christ to universal, unconditional love; the example of Mary, our Blessed Mother, who humbly and courageously assented to the will of God: the Gospel mandate to preach the Good News to all nations and to share our blessings with those in need; the inspiration of St. Eugene De Mazenod to “leave nothing undared for the Kingdom of God:” and the mission of Oblate Missionary Society, Inc.: we dedicate ourselves to our vision of Oblate fundraising by:
- Nurturing respectful, caring relationships with our benefactors;
- Motivating our benefactors to provide financial and spiritual support for the ministries of the Missionary Oblates;
- Working together as a fundraising community, in harmony with other Oblate ministries, under the direction of the Missionary Oblates, for the benefit of the Oblates and the people they serve;
- Being wise and faithful stewards of the resources entrusted to us.
Our Mission The mission of the Oblate Missionary Society, Inc. is to build respectful, caring relationships with our benefactors in order to provide spiritual and financial support to the ministries of the United States Province of the Missionary Oblates of Mary Immaculate.
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors and Audit Committee of the
Oblate Missionary Society, Inc.
391 Michigan Avenue, NE
Washington, DC 20017
We have audited the accompanying financial statements of Oblate Missionary Society, Inc., which comprise the statements of financial position as of June 30, 2018 and 2017, and the related statements of activities and changes in net assets without donor restrictions, statements of restricted activities and changes in net assets with donor restrictions, functional expenses and cash flows for the years then ended, and the related notes to the financial statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Oblate Missionary Society, Inc. as of June 30, 2018 and 2017, and its changes in net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Report on Supplementary Information
Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The supplemental schedules included on page 23 is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole.
October 9, 2018
|Support from the Public:|
|Donor development contributions||1,399,302|
|Split interest gifts||150,696|
|Legacies and bequests|
|Total Support from the Public|
|Grotto Spiritual Center||$||1,166,501|
|Name rental royalties||223,526|
|Assets Released from Restrictions:|
|Total Support & Revenue|
|Support of Oblate ministries||$||8,383,251|
|Grotto spiritual center||1,001,592|
|Total Program Services|
|Management and general|
|Total supporting services|
|Total Program &|
|Other changes in Unrestricted|
|Inventory reserve recovery|
|Change in net assets without|
|donor restrictions for the year||$||1,424,751|
|Net assets without donor|
|restrictions at beginning of year|
|Net assets without donor|
|restrictions at end of year|
Oblate Missionary Society, Inc. (OMSI), a nonprofit 501(c)(3) organization, is a ministry of the United States Province of the Missionary Oblates of Mary Immaculate. OMSI’s purpose is to help support the Catholic identity and mission of the United States Province. OMSI employees raise funds needed to support the Oblates’ ministries to serve God’s people.