Foundation Of The Catholic Diocese Of Columbus
- Assets
- $226.3m
- Revenue
- $28.2m
- Investments
- $450.0k
- Employees
- 14
- Location
- Columbus, OH
- Founding
- 12/1984
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Foundation Of The Catholic Diocese Of Columbus generated $28.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $22.6m during the year ending 06/2023. While expenses have increased by 8.7% per year over the past 8 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, Foundation Of The Catholic Diocese Of Columbus has awarded 1,484 individual grants totaling $82,095,412. 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
2023
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 UNITED STATES. 813 ORGANIZATIONS BENEFITED FROM THE 3,538 GRANTS MADE FROM THE FOUNDATION TOTALING $34,549,674 INCLUDING AGENCY GRANTS OF $14,867,725. 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, 68 NEW FUNDS WERE ESTABLISHED AND $46,976,755 WAS RAISED IN NEW GIFTS INCLUDING $20,830,025 IN AGENCY FUND CONTRIBUTIONS.
THE FOUNDATION PUBLISHED AND DISTRIBUTED TWO NEWSLETTERS AND ONE ANNUAL REPORT THIS YEAR, WHICH PROMOTE THE OPPORTUNITIES TO BENEFIT THE CATHOLIC ORGANIZATIONS ABOUT WHICH OUR DONORS CARE THE MOST.
UNDER AN AGREEMENT, THE FOUNDATION IS COMPENSATED FOR PROVIDING CONSULTATION SERVICES TO THE DIOCESE ANNUAL APPEAL, WHICH SUPPORTS VARIOUS MINISTRIES OF THE DIOCESE OF COLUMBUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Oles Chair | OfficerTrustee | 2 | $0 |
James Ervin Jr ESQ Vice Chair | OfficerTrustee | 2 | $0 |
William Keller Treasurer | OfficerTrustee | 2 | $0 |
Bradley Walters Secretary | OfficerTrustee | 2 | $0 |
Jennie Wilson Immediate Past Chair | Trustee | 0.5 | $0 |
Daniel Bringardner Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $459,741 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,686,989 |
| Noncash contributions included in lines 1a–1f | $8,841,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,146,730 |
| Total Program Service Revenue | $1,582,991 |
| Investment income | $997,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,230 |
| Net Gain/Loss on Asset Sales | -$631,695 |
| Net Income from Fundraising Events | $3,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,160,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,681,949 |
| 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. | $488,119 |
| Compensation of current officers, directors, key employees. | $282,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $888,904 |
| Pension plan accruals and contributions | $26,409 |
| Other employee benefits | $124,236 |
| Payroll taxes | $96,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,882 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,737 |
| Fees for services: Other | $354,355 |
| Advertising and promotion | $53,248 |
| Office expenses | $137,234 |
| Information technology | $188,513 |
| Royalties | $0 |
| Occupancy | $43,632 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,373 |
| Interest | $5,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,775 |
| Insurance | $29,519 |
| All other expenses | $772 |
| Total functional expenses | $22,649,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,067,359 |
| Pledges and grants receivable | $1,250,972 |
| Accounts receivable, net | $170,322 |
| 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 | $66,322 |
| Net Land, buildings, and equipment | $4,376,659 |
| Investments—publicly traded securities | $188,660,050 |
| Investments—other securities | $449,995 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $284,159 |
| Total assets | $226,325,838 |
| Accounts payable and accrued expenses | $25,624 |
| Grants payable | $283,570 |
| Deferred revenue | $168,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $140,803,082 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $251,321 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,833,079 |
| Total liabilities | $144,364,676 |
| Net assets without donor restrictions | $65,257,309 |
| Net assets with donor restrictions | $16,703,853 |
| 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 | $226,325,838 |
Grants Awarded
Over the last fiscal year, Foundation Of The Catholic Diocese Of Columbus has awarded $19,277,994 in support to 191 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS XXIX PURPOSE: GENERAL SUPPORT | $7,450 |
ARCHDIOCESE OF CINCINNATI PURPOSE: GENERAL SUPPORT | $11,250 |
ARCHBISHOP MOELLER HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $50,000 |
BACK IN HIS ARMS AGAIN PURPOSE: GENERAL SUPPORT | $10,250 |
BETHESDA HEALING MINISTRY PURPOSE: GENERAL SUPPORT | $7,350 |
BEXLEY COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $6,000 |