The Catholic Community Fund Of The Archdiocese Of Boston Inc
- Assets
- $92.6m
- Revenue
- $13.2m
- Investments
- $60.4m
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 04-3071454
Organization Overview
The Catholic Community Fund Of The Archdiocese Of Boston Inc is located in Braintree, MA. The organization was established in 1946. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Community Fund Of The Archdiocese Of Boston Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Catholic Community Fund Of The Archdiocese Of Boston Inc generated $13.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $21.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Catholic Community Fund Of The Archdiocese Of Boston Inc has awarded 366 individual grants totaling $64,978,190. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CATHOLIC COMMUNITY FUND OF THE ARCHDIOCESE OF BOSTON, INC. ("CCF") WAS ORGANIZED AS THE THIRD CENTURY FUND UNDER MASSACHUSETTS LAW ON NOVEMBER 15, 1989, RENAMED THE CATHOLIC FOUNDATION OF THE ARCHDIOCESE OF BOSTON, INC. ("CATHOLIC FOUNDATION") IN 2000, AND RENAMED TO ITS CURRENT NAME IN 2011. THE PURPOSE OF CCF IS TO DEVELOP INSTITUTIONAL SUPPORT, BOTH BY WAY OF RAISING FUNDS FOR ENDOWMENT AND OTHER SOURCES OF FINANCIAL SUPPORT, IN ORDER TO ADVANCE THE MINISTRIES AND PROGRAMS OF THE ARCHDIOCESE OF BOSTON (THE "ARCHDIOCESE"), AND TO RECEIVE GIFTS AND BEQUESTS, WHETHER RESTRICTED OR UNRESTRICTED, ENDOWMENT OR NON-ENDOWMENT, AND TO MANAGE AND EXPEND ALL SUCH FUNDS CONSISTENT WITH THEIR PURPOSES AND THE CHARITABLE INTENT OF THE DONORS. IN DOING SO, CCF IS HELPING TO FULFILL AND SUPPORT THE MISSION OF THE ARCHDIOCESE. DURING FISCAL YEAR 2018, CCF ASSUMED THE RESPONSIBILITY TO RECEIVE, MANAGE AND DISTRIBUTE GIFTS RELATED TO THE INSPIRING HOPE CAMPAIGN FOR THE ARCHDIOCESE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PROGRAM IS TO DEVELOP INSTITUTIONAL SUPPORT, BOTH BY WAY OF RAISING FUNDS FOR ENDOWMENT AND OTHER SOURCES OF FINANCIAL SUPPORT, IN ORDER TO ADVANCE THE MINISTRIES AND PROGRAMS OF THE ARCHDIOCESE AND TO RECEIVE GIFTS AND BEQUESTS, WHETHER RESTRICTED OR UNRESTRICTED, ENDOWMENT OR NON-ENDOWMENT, AND TO MANAGE AND EXPEND ALL SUCH FUNDS CONSISTENT WITH THEIR PURPOSES AND THE CHARITABLE INTENT OF THE DONOR.
INSPIRING HOPE IS THE FIRST MAJOR CAPITAL CAMPAIGN CONDUCTED IN THE ARCHDIOCESE SINCE 2003. FUNDS FOR THE CAMPAIGN WILL SUPPORT PROGRAMS, CAPITAL EXPENDITURES AND ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gavan Mooney President | OfficerTrustee | 1 | $0 |
John E Straub Treasurer | OfficerTrustee | 1 | $0 |
Francis O'connor ESQ Secretary | OfficerTrustee | 1 | $0 |
Very Rev William P Joy Trustee | Trustee | 1 | $0 |
Lynne E Sullivan Executive Director (as Of 4/2022) | Trustee | 1 | $0 |
Cardinal Sean P O'malley Ofmc Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,333,591 |
| Noncash contributions included in lines 1a–1f | $51,805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,333,591 |
| Total Program Service Revenue | $0 |
| Investment income | $2,899,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,233,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,946,836 |
| Grants and other assistance to domestic individuals. | $89,792 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $789,848 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,826,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,754,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,118,708 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,384,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,313,236 |
| Total assets | $92,571,104 |
| Accounts payable and accrued expenses | $576,046 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,127,375 |
| Total liabilities | $8,703,421 |
| Net assets without donor restrictions | $2,854,624 |
| Net assets with donor restrictions | $81,013,059 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $92,571,104 |
Grants Awarded
Over the last fiscal year, The Catholic Community Fund Of The Archdiocese Of Boston Inc has awarded $17,705,996 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
REGINA CLERI RESIDENCE DISTRIBUTIONS & LOAN PAYMENT TO RCAB PURPOSE: REGINA CLERI DISTRIBUTIONS & LOAN | $1,869,996 |
CATHEDRAL LOAN PAYMENT TO RCAB PURPOSE: CATHEDRAL OF THE HOLY CROSS RENOVATION LOAN | $854,970 |
CATHOLIC CHARITABLE BUREAU - BOSTON PURPOSE: INSPIRING HOPE CAMPAIGN DISTRIBUTION | $1,219,151 |
CLERGY HEALTH & RETIREMENT TRUST PURPOSE: FUNDS USED FOR REGINA CLERI CONSTRUCTION | $452,000 |
CATHOLIC SCHOOLS OFFICE PURPOSE: PROFESSSIONAL DEVELOPMENT TEACHERS & PRINCIPALS | $633,750 |
CLERGY HEALTH & RETIREMENT TRUST PURPOSE: CHRT TEMPLE | $50,000 |