Catholic Community Foundation
- Assets
- $207.2m
- Revenue
- $14.3m
- Investments
- $4.4m
- Employees
- 24
- Location
- Cleveland, OH
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 34-1908579
Organization Overview
Catholic Community Foundation is located in Cleveland, OH. The organization was established in 1946. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Catholic Community Foundation employed 24 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Community 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 12/2022, Catholic Community Foundation generated $14.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $30.0m during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 6 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 2017, Catholic Community Foundation has awarded 150 individual grants totaling $96,435,329. 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
CATHOLIC COMMUNITY FOUNDATION'S MISSION IS TO FOSTER FAITH-BASED STEWARDSHIP IN THE COMMUNITY FOR SPIRITUAL, EDUCATIONAL AND CHARITABLE BENEFIT FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, THE FOUNDATION INITIATED THE "HEART OF A SHEPHERD CAMPAIGN" TO FUND THE URGENT NEED FOR CAPITAL RENOVATIONS OF BORROMEO SEMINARY AND ST. MARY SEMINARY, TO ADD TO THE PRIESTS' RETIREMENT FUND, AND TO PROVIDE RELIEF TO NEWLY ORDAINED PRIESTS WHO HAVE STUDENT LOANS OUTSTANDING, AND PROVIDE AN OPPORTUNITY FOR OUR PARISHES ACROSS THE DIOCESE TO RAISE FUNDS FOR PRESSING LOCAL NEEDS. OF THE 179 DIOCESES IN THE UNITED STATES, ONLY 30 HAVE THEIR OWN FREE-STANDING SEMINARY. THERE ARE 81 SEMINARIANS AT BORROMEO AND SAINT MARY SEMINARIES.
OTHER CHARITABLE FUNDRAISING AND GRANT-MAKING ACTIVITIES FOR CLEVELAND CATHOLIC DIOCESAN AGENCIES AND INSTITUTIONS.
THE FOUNDATION ENGAGES IN CHARITABLE FUNDRAISING AND GRANT-MAKING ACTIVITIES TO SUPPORT TUITION ASSISTANCE, CURRICULUM ENHANCEMENT, AND PROGAMMATIC NEEDS OF CATHOLIC ELEMENTARY AND SECONDARY SCHOOLS AND CATECHETICAL SERVICES. THE CATHOLIC DIOCESE OF CLEVELAND IS THE FIFTH LARGEST CATHOLIC SCHOOL SYSTEM IN THE UNITED STATES, AND THE LARGEST PRIVATE OR PUBLIC SCHOOL SYSTEM IN THE STATE OF OHIO. MORE THAN 39,000 STUDENTS ARE ENROLLED IN 109 CATHOLIC ELEMENTARY AND SECONDARY SCHOOLS IN THE DIOCESE OF CLEVELAND. MORE THAN 4,000 STUDENTS RECEIVE NEED-BASED TUITION ASSISTANCE ANNUALLY.
THE FOUNDATION ENGAGES IN CHARITABLE FUNDRAISING AND GRANT-MAKING ACTIVITIES FOR CLEVELAND CATHOLIC DIOCESAN AGENCIES AND INSTITUTIONS. ALTHOUGH NOT SHOWN AS REVENUE ON FORM 990, THE FOUNDATION RAISED $25,494,791 PRIMARILY FOR THE CATHOLIC CHARITIES CORPORATION OF CLEVELAND IN 2022 THROUGH THE FOUNDATION'S ANNUAL APPEAL AND OTHER DONOR GIFTS. CATHOLIC CHARITIES HEALTH AND HUMAN SERVICES IS BUILT AROUND A COMPREHENSIVE APPROACH TO DELIVERING SERVICES CONCENTRATED AROUND FOUR AREAS: CHILDREN AND FAMILIES, BASIC ASSISTANCE, DISABILITIES, AND OLDER ADULTS. CATHOLIC CHARITIES HAS OVER 150 SERVICES AT 60 LOCATIONS THROUGHOUT THE DIOCESE OF CLEVELAND - CUYAHOGA, ASHLAND, GEAUGA, LAKE, LORAIN, MEDINA, SUMMIT, AND WAYNE COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Schuler Chair | Trustee | 1 | $0 |
Andrew Rebholz Vice Chair & Treasurer | Trustee | 1 | $0 |
Maria O'neil Ruddock Secretary | Trustee | 1 | $0 |
J Kevin Berner Director | Trustee | 1 | $0 |
Dennis Bodziony Director | Trustee | 1 | $0 |
Rev Steven Brunovsky Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academy Graphic Communications Inc Printing & Mailing | 12/30/22 | $303,698 |
Hilton Cleveland Downtown Event Hosting Services | 12/30/22 | $119,049 |
Midwest Direct Mailing | 12/30/22 | $105,267 |
Agilis Company Donations Processing | 12/30/22 | $104,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $164,410 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,928,256 |
| Noncash contributions included in lines 1a–1f | $2,572,432 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,092,666 |
| Total Program Service Revenue | $3,003,658 |
| Investment income | $2,917,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,838,349 |
| Net Income from Fundraising Events | $73,268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,298,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,752,646 |
| 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. | $222,505 |
| Compensation of current officers, directors, key employees. | $23,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,426,196 |
| Pension plan accruals and contributions | $82,679 |
| Other employee benefits | $205,570 |
| Payroll taxes | $120,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $391,043 |
| Fees for services: Other | $119,093 |
| Advertising and promotion | $79,306 |
| Office expenses | $34,636 |
| Information technology | $150,092 |
| Royalties | $0 |
| Occupancy | $75,756 |
| Travel | $24,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,379 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $30,002,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,386,655 |
| Savings and temporary cash investments | $22,680,791 |
| Pledges and grants receivable | $12,365,266 |
| Accounts receivable, net | $8,150 |
| 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 | $10,048 |
| Investments—publicly traded securities | $162,988,528 |
| Investments—other securities | $4,373,943 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,404,780 |
| Total assets | $207,218,161 |
| Accounts payable and accrued expenses | $503,979 |
| Grants payable | $1,962,819 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,926,179 |
| 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 | $459,887 |
| Total liabilities | $62,852,864 |
| Net assets without donor restrictions | $9,416,734 |
| Net assets with donor restrictions | $134,948,563 |
| 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 | $207,218,161 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation has awarded $26,687,646 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE HIGH SCHOOL PURPOSE: GENERAL | $20,000 |
BUILDING HOPE IN THE CITY PURPOSE: GENERAL | $7,500 |
CLEVELAND CENTRAL CATHOLIC HIGH SCHOOL PURPOSE: GENERAL | $25,000 |
GREATER CLEVELAND FOOD BANK INC PURPOSE: GENERAL | $10,000 |
JOSEPH'S HOME PURPOSE: GENERAL | $10,000 |
SECRETARIATS OF CATHOLIC DIOCESE OF CLEVE PURPOSE: SOCIAL SERVICES | $25,922,349 |