Foundation Of The Catholic Diocese Of Columbus
- Assets
- $225.8m
- Revenue
- $24.8m
- Investments
- $568.8k
- Employees
- 14
- Location
- Columbus, OH
- Founding
- 12/1984
- Data as of
- 06/2021
- EIN
- 31-1116640
Organization Overview
Foundation Of The Catholic Diocese Of Columbus is located in Columbus, OH. The organization was established in 1984. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Foundation Of The Catholic Diocese Of Columbus employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Catholic Diocese Of Columbus 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 06/2021, Foundation Of The Catholic Diocese Of Columbus generated $24.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $10.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation Of The Catholic Diocese Of Columbus has awarded 1,277 individual grants totaling $58,440,741. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FINANCIALLY SUPPORT THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.
Describe the Organization's Program Activity:
THE CATHOLIC FOUNDATION INSPIRES PHILANTHROPY, INVESTS AND MANAGES THE ASSETS ENTRUSTED TO US, AND DISTRIBUTES GRANTS TO NONPROFIT ORGANIZATIONS IN CENTRAL OHIO AND THE UNITES STATES. 734 ORGANIZATIONS BENEFITTED FROM THE 2,879 GRANTS MADE FROM THE FOUNDATION TOTALING $14,652,150 INCLUDING AGENCY FUND GRANTS OF $6,578,758. THE FOUNDATION IS FORTUNATE TO WORK ALONGSIDE THE LEADERSHIP OF THESE ORGANIZATIONS TO INSPIRE PLANNED AND CURRENT GIFTS TO ENDOWMENTS, SCHOLARSHIPS AND DONOR ADVISED FUNDS. THIS YEAR, 82 NEW FUNDS WERE ESTABLISHED AND $22,794,316 WAS RAISED IN NEW GIFTS INCLUDING $7,446,924 IN AGENCY FUND CONTRIBUTIONS.
THE FOUNDATION PUBLISHED AND DISTRIBUTED THREE NEWSLETTERS AND ONE ANNUAL REPORT THIS YEAR, WHICH PROMOTE THE OPPORTUNITIES TO GIVE TO BENEFIT THE CATHOLIC ORGANIZATIONS ABOUT WHICH OUR DONORS CARE THE MOST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren P Brown President And CEO | Officer | 45 | $238,630 |
Steven Hagerdorn COO | 45 | $143,071 | |
Scott Hartman VP Development | 45 | $115,855 | |
Timothy Garner MD Secretary | OfficerTrustee | 2 | $0 |
William Keller Treasurer | OfficerTrustee | 2 | $0 |
Michael Haller Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,435 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,805,457 |
| Noncash contributions included in lines 1a–1f | $9,735,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,962,892 |
| Total Program Service Revenue | $1,009,333 |
| Investment income | $526,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,275,333 |
| Net Income from Fundraising Events | $900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,775,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,073,392 |
| 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. | $561,237 |
| Compensation of current officers, directors, key employees. | $188,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,355 |
| Pension plan accruals and contributions | $24,382 |
| Other employee benefits | $73,217 |
| Payroll taxes | $68,950 |
| Fees for services: Management | $0 |
| 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 | $32,121 |
| Fees for services: Other | $119,313 |
| Advertising and promotion | $13,315 |
| Office expenses | $151,471 |
| Information technology | $9,000 |
| Royalties | $0 |
| Occupancy | $44,165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,964 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,819 |
| Insurance | $18,373 |
| All other expenses | $0 |
| Total functional expenses | $9,971,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,654,993 |
| Pledges and grants receivable | $0 |
| 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 | $51,865 |
| Net Land, buildings, and equipment | $4,118,081 |
| Investments—publicly traded securities | $194,105,160 |
| Investments—other securities | $568,822 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $302,429 |
| Total assets | $225,801,350 |
| Accounts payable and accrued expenses | $10,959 |
| Grants payable | $480,469 |
| Deferred revenue | $178,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $146,026,656 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $361,482 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,893,625 |
| Total liabilities | $150,951,191 |
| Net assets without donor restrictions | $62,273,745 |
| Net assets with donor restrictions | $12,576,414 |
| 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 | $225,801,350 |
Grants Awarded
Over the last fiscal year, Foundation Of The Catholic Diocese Of Columbus has awarded $7,398,518 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF COLUMBUS - FINANCE OFFICE PURPOSE: General Needs | $1,448,702 |
BISHOP GRIFFIN RESOURCE CENTER PURPOSE: General Needs | $534,600 |
DAMASCUS CATHOLIC MISSION CAMPUS PURPOSE: General Needs | $294,925 |
Columbus, OH PURPOSE: General Needs | $265,045 |
Columbus, OH PURPOSE: General Needs | $245,100 |
BISHOP'S ANNUAL APPEAL PURPOSE: General Needs | $239,950 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation Of The Catholic Diocese Of Columbus has recieved totaling $519,495.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: RELIGION | $502,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Ingram-White Castle Foundation Columbus, OH PURPOSE: EDUCATION | $5,145 |
Matthew D And Katherine H Lee Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $350 |
Endowment Analysis
| Beg. Balance | $10,819,059 |
| Earnings | $3,882,438 |
| Net Contributions | $199,163 |
| Other Expense | $584,066 |
| Ending Balance | $14,316,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Grace Brethren Investment Foundation Inc Winona Lake, IN | $110,003,022 | $4,308,354 |
Ancient Faith Ministries Chesterton, IN | $2,111,722 | $3,110,597 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Aloysius J & Eugene F Franz Foundation For The Congregation Of Philadelphia, PA | $37,003,968 | $4,802,225 |
The Jewish Vocational Service Foundation Inc Cincinnati, OH | $10,732,205 | $3,438,793 |
Ec Edwards Trust Fbo Leipsic Methodist 20 102110469460 Brooklyn, OH | $5,821,661 | $643,396 |
Eastern Star Jewel Human Services Corporation Indianapolis, IN | $15,251,442 | $10,957,782 |
John H Williams Uia Fbo Churches Grand Rapids, MI | $0 | $223,371 |