Central Washington Catholic Foundation
- Assets
- $5.6m
- Revenue
- $44.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Yakima, WA
- Founding
- 12/2003
- Data as of
- 09/2023
- EIN
- 33-1022610
Organization Overview
Central Washington Catholic Foundation is located in Yakima, WA. The organization was established in 2003. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Central Washington Catholic Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Washington Catholic Foundation 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 09/2023, Central Washington Catholic Foundation generated $44.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $169.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Washington Catholic Foundation has awarded 107 individual grants totaling $1,957,079. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS INDEPENDENT CORPORATION IS TO SUPPORT CATHOLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE CENTRAL WASHINGTON CATHOLIC FOUNDATION (CWCF) IS TO SUPPORT CATHOLIC EDUCATION. THE VISION IS TO PROVIDE ENDURING SUPPORT FOR CATHOLIC EDUCATION AND MINISTRIES OF CENTRAL WASHINGTON. CWCF HAS 41 ENDOWMENT FUNDS THAT SUPPORT MULTIPLE PARISHES, SCHOOLS, COLLEGE SCHOLARSHIPS, AGENCIES AND SEMINARIAN EDUCATION THROUGHOUT THE DIOCESE OF YAKIMA. CWCF ALSO RAISES MONEY EACH OCTOBER AT THE CELEBRATION OF FAITH EVENT SPECIFICALLY FOR TUITION ASSISTANCE FOR CHILDREN ATTENDING CATHOLIC SCHOOLS, GRANTS TO PARISHES FOR RELIGIOUS EDUCATION PROGRAMS, AND COLLEGE SCHOLARSHIPS. CWCF PROVIDED $434,752 OF GRANTS TO ORGANIZATIONS AND INDIVIDUALS DURING THE 2022 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sedlacek Director | Trustee | 1 | $0 |
Brooks Beaulaurier Director | Trustee | 1 | $0 |
Betty Jo Murray Director | Trustee | 1 | $0 |
Steve Baldock Director | Trustee | 1 | $0 |
Jon Lane Director | Trustee | 1 | $0 |
Joseph Tyson Director | Trustee | 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 | $38,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,887 |
| Total Program Service Revenue | $0 |
| Investment income | $5,311 |
| 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 | $44,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,223 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,454 |
| Compensation of current officers, directors, key employees. | $3,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,711 |
| Pension plan accruals and contributions | $822 |
| Other employee benefits | $0 |
| Payroll taxes | $5,582 |
| 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 | $5,624 |
| Fees for services: Other | $0 |
| Advertising and promotion | $674 |
| Office expenses | $3,920 |
| Information technology | $2,341 |
| Royalties | $0 |
| Occupancy | $560 |
| Travel | $836 |
| 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 | $276 |
| All other expenses | $0 |
| Total functional expenses | $169,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,859 |
| Savings and temporary cash investments | $46,343 |
| 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 | $8,973 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,429,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,634,731 |
| Accounts payable and accrued expenses | $8,539 |
| Grants payable | $0 |
| Deferred revenue | $59,230 |
| 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 | $3,983 |
| Total liabilities | $71,752 |
| Net assets without donor restrictions | $305,048 |
| Net assets with donor restrictions | $5,257,931 |
| 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 | $5,634,731 |
Grants Awarded
Over the last fiscal year, Central Washington Catholic Foundation has awarded $99,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST THE KING SCHOOL RICHLAND PURPOSE: TUITION ASSISTANCE | $8,250 |
CHRIST THE TEACHER SCHOOL PURPOSE: TUITION ASSISTANCE | $15,850 |
LA SALLE HIGH SCHOOL PURPOSE: TUITION ASSISTANCE | $12,000 |
ST JOSEPH SCHOOL KENNEWICK PURPOSE: TUITION ASSISTANCE | $9,500 |
ST JOSEPHMARQUETTE SCHOOL YAKIMA PURPOSE: TUITION ASSISTANCE | $26,700 |
ST JOSEPH'S SCHOOL WENATCHEE PURPOSE: TUITION ASSISTANCE | $10,450 |