The Catholic Foundation Of Central Florida Inc
- Assets
- $118.2m
- Revenue
- $5.7m
- Investments
- $61.4m
- Employees
- 21
- Location
- Orlando, FL
- Founding
- 10/2009
- Data as of
- 06/2024
- EIN
- 26-0879378
Organization Overview
The Catholic Foundation Of Central Florida Inc is located in Orlando, FL. The organization was established in 2009. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Catholic Foundation Of Central Florida Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation Of Central Florida 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 06/2024, Catholic Foundation Of Central Florida Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.8m during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catholic Foundation Of Central Florida Inc has awarded 96 individual grants totaling $5,695,096. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND INCREASE GIVING, TO PRUDENTLY INVEST THE RESOURCES ENTRUSTED TO US, AND TO CAPABLY STEWARD THOSE CHARITABLE GIFTS TO SUPPORT THE SPIRITUAL AND CORPORAL NEEDS OF THE COMMUNITY OF THE DIOCESE OF ORLANDO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES: THE FOUNDATION PROVIDES MANAGEMENT AND CONSULTING SERVICES FOR DIOCESAN PARISHES, SCHOOLS AND ENTITIES TO IMPROVE FINANCIAL WELLNESS. THE FOUNDATION'S OFFERTORY ENHANCEMENT INITIATIVE SUPPORTS PARISHES WITH SECURING NECESSARY RESOURCES THROUGH A SPIRITUALLY-BASED PROGRAM FOCUSED ON STEWARDSHIP AND DISCIPLESHIP. THE FOUNDATION PROVIDES FEASIBILITY STUDIES AND CAPITAL CAMPAIGNS AT THE LOCAL AND DIOCESAN LEVELS TO ADDRESS LARGE-SCALE PROJECTS. THE FOUNDATION'S EXPERT STAFF SUPPORT CLERGY AND LAY LEADERSHIP IN DETERMINING CAPACITY, DEFINING CASE FOR SUPPORT AND ENGAGING THE FAITHFUL IN MEETING CRITICAL FACILITY AND MINISTRY NEEDS. THE FOUNDATION MANAGES THE ANNUAL DIOCESAN CAMPAIGN AND SUPPORTS EACH PARISH WITH THIS APPEAL WHICH FUNDS DIOCESAN-WIDE MINISTRIES. THE FOUNDATION PROVIDES ADVANCEMENT CONSULTING AND TRAINING SERVICES TO CLERGY AND LAY LEADERSHIP ON EVIDENCE-BASED PRACTICES FOR MISSION AND OPERATIONAL EFFECTIVENESS OF GOVERNANCE, COMMUNICATIONS, FUNDRAISING, ETHICS AND DONOR RELATIONS.
GRANTMAKING AND MANAGING CHARITABLE FUNDS: ENDOWED FUNDS PROVIDE A PERMANENT SOURCE OF RECURRING REVENUE THAT SUPPORTS THE WORK OF CATHOLIC COMPLIANT ORGANIZATIONS INTO PERPETUITY. RESERVE AND DONOR ADVISED FUNDS PROVIDE SOURCES OF REVENUE FOR CURRENT AND INTERMEDIATE NEEDS FOR ADDRESSING NEEDS AND IMPROVING THE QUALITY OF LIFE IN THE COMMUNITY. THE FOUNDATION PROVIDES A PROFESSIONALLY MANAGED BEST-OF-CLASS INVESTMENT PROGRAM WHICH IS FULLY COMPLIANT WITH US CONFERENCE OF CATHOLIC BISHOPS SOCIAL VALUE SCREENING GUIDELINES ALONG WITH MAXIMIZED RETURNS AND COMPETITIVE FEES. ANNUAL ENDOWMENT DISTRIBUTIONS ALONG WITH RESERVE FUND DISTRIBUTIONS ARE GUIDED BY DONOR INTENT. THE FOUNDATION'S FUNDS PROVIDE DONORS THE OPPORTUNITY TO ACHIEVE THEIR PHILANTHROPIC GOALS TO BENEFIT AND MEET THE NEEDS OF THE COMMUNITY INCLUDING TUITION ASSISTANCE, SERVICES FOR VULNERABLE POPULATIONS, MINISTRY GROWTH, RETIRED PRIESTS, SEMINARIANS AND MORE. THE FOUNDATION'S ENDOWMENT FUND ALSO PROVIDES GRANTS TO ADDRESS COMMUNITY NEEDS AND PROFESSIONAL DEVELOPMENT.
DONOR SERVICES: THE FOUNDATION SUPPORTS INDIVIDUALS AND FAMILIES WITH ACHIEVING THEIR PHILANTHROPIC GOALS OF IMPACTING LIVES THROUGH THEIR CHARITABLE GIVING IN THE DIOCESE AND BROADER COMMUNITY. THE PROFESSIONAL STAFF PROVIDES EDUCATIONAL AND ADVISORY SERVICES TO BOTH CLERGY AND LAY LEADERSHIP AS WELL AS DONORS ON STEWARDSHIP, GIFT PLANNING, CHARITABLE GIVING VEHICLES AND LEGACY PLANNING, AND COLLECTIVE AND ENGAGED PHILANTHROPY. THE FOUNDATION PROVIDES GRANTS TO SUPPORT COMMUNITY CAPACITY BUILDING AND INSPIRE PHILANTHROPY SUPPORTING CATHOLIC AND CATHOLIC-COMPLIANT FOUNDATIONS ADDRESSING THE MOST PRESSING NEEDS AND SOCIAL ISSUES IN CENTRAL FLORIDA. THE FOUNDATION PROVIDES SERVICES FOR PROCESSING COMPLEX GIFTS AND RESOURCES FOR PLANNED AND LEGACY GIVING, DONOR ADVISED FUND GIVING, INDIVIDUAL AND FAMILY PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Chandler Chair/director | OfficerTrustee | 2.5 | $0 |
Karen Monteleone Vice-Chair/director | OfficerTrustee | 1 | $0 |
Dr Robert Kryger Director/treasurer | OfficerTrustee | 1 | $0 |
Sr Maria Teresa Acosta Director | Trustee | 1 | $0 |
Jessica Cepero Bracero Director | Trustee | 1 | $0 |
Garrett Burke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $541,325 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,318,047 |
| Noncash contributions included in lines 1a–1f | $50,221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,859,372 |
| Total Program Service Revenue | $2,989,187 |
| Investment income | $448,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$591,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,705,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $546,184 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $607,411 |
| Compensation of current officers, directors, key employees. | $110,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $834,404 |
| Pension plan accruals and contributions | $121,573 |
| Other employee benefits | $165,858 |
| Payroll taxes | $109,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,208 |
| Fees for services: Accounting | $31,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,104 |
| Fees for services: Other | $219,804 |
| Advertising and promotion | $0 |
| Office expenses | $616,481 |
| Information technology | $102,826 |
| Royalties | $0 |
| Occupancy | $132,349 |
| Travel | $203,636 |
| 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 | $15,223 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,839,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,018,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $483,634 |
| 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 | $41,336 |
| Investments—publicly traded securities | $52,976,411 |
| Investments—other securities | $61,376,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,857 |
| Total assets | $118,152,586 |
| Accounts payable and accrued expenses | $1,075,628 |
| Grants payable | $0 |
| Deferred revenue | $114,320 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $85,362,658 |
| 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 | $471,193 |
| Total liabilities | $87,023,799 |
| Net assets without donor restrictions | $2,055,662 |
| Net assets with donor restrictions | $29,073,125 |
| 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 | $118,152,586 |
Grants Awarded
Over the last fiscal year, The Catholic Foundation Of Central Florida Inc has awarded $464,289 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF ORLANDO PURPOSE: General support & clergy support | $210,542 |
CATHOLIC CHARITIES OF CENTRAL FLORIDA PURPOSE: Ministry to the needy | $142,147 |
ST JOSEPH CATHOLIC SCHOOL PALM BAY PURPOSE: Tuition Assistance | $7,500 |
MELBOURNE CENTRAL CATHOLIC HIGH SCHOOL PURPOSE: Tuition Assistance | $20,000 |
OUR LADY OF LOURDES CATHOLIC SCHOOL MELBOURNE PURPOSE: Tuition Assistance | $10,500 |
SAMARITAN VILLAGE INC PURPOSE: General operating support | $10,000 |