Catholic Foundation Of Allentown Inc
- Assets
- $30.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Allentown, PA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 46-4060385
Organization Overview
Catholic Foundation Of Allentown Inc is located in Allentown, PA. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Catholic Foundation Of Allentown Inc employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Foundation Of Allentown 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 06/2023, Catholic Foundation Of Allentown Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $950.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Catholic Foundation Of Allentown Inc has awarded 50 individual grants totaling $1,417,568. 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
TO ALLOW FOR THE DONATION, RESTRICTION, ADMINISTRATION AND DISTRIBUTION OF CERTAIN GIFTS, TO BE HELD IN TRUST FOR BOTH RESTRICTED AND NON-RESTRICTED PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS AN INDEPENDENT 501(C)(3) CHARITABLE ORGANIZATION, THE CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA, INC. MANAGES ENDOWMENT ASSETS FOR CATHOLIC PARISHES, EDUCATIONAL INSTITUTIONS, AND MINISTRIES WITHIN AND/OR OUTSIDE THE DIOCESE OF ALLENTOWN, AND THE DISTRIBUTION OF GRANTS TO DESIGNATED BENEFICIARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul E Huck Chairman | Trustee | 5 | $0 |
Thomas J Scalici Vice-Chairman | Trustee | 1 | $0 |
Beth A Dobis Beers ESQ Board Member | Trustee | 1 | $0 |
James F Bova Board Member | Trustee | 1 | $0 |
Michael D Guman Board Member | Trustee | 1 | $0 |
James A Ritter ESQ Board Member | 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 | $1,121,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,121,666 |
| Total Program Service Revenue | $142,403 |
| Investment income | $282,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$181,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,364,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $535,322 |
| 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. | $135,570 |
| Compensation of current officers, directors, key employees. | $33,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,414 |
| Payroll taxes | $17,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,440 |
| Fees for services: Accounting | $52,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,726 |
| Fees for services: Other | $29,139 |
| Advertising and promotion | $27,262 |
| Office expenses | $8,566 |
| Information technology | $4,102 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,734 |
| All other expenses | $0 |
| Total functional expenses | $950,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| 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 | $0 |
| Investments—publicly traded securities | $30,301,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,512,216 |
| Accounts payable and accrued expenses | $5,769 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,223,307 |
| 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 | $0 |
| Total liabilities | $20,229,076 |
| Net assets without donor restrictions | $10,283,140 |
| Net assets with donor restrictions | $0 |
| 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 | $30,512,216 |
Grants Awarded
Over the last fiscal year, Catholic Foundation Of Allentown Inc has awarded $512,478 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALLENTOWN CENTRAL CATHOLIC HIGH SCHOOL PURPOSE: PROVIDE SCHOLARSHIPS | $61,531 |
BETHLEHEM CATHOLIC HIGH SCHOOL PURPOSE: PROVIDE SCHOLARSHIPS | $60,531 |
NOTRE DAME HIGH SCHOOL PURPOSE: PROVIDE SCHOLARSHIPS | $60,531 |
SACRED HEART PARISH PURPOSE: MAINTENANCE AND CAPITAL IMPROVEMENTS, SCHOLARSHIPS | $49,334 |
ST ANNE PARISH PURPOSE: PROVIDE SCHOLARSHIPS & SUPPORT EDUCATIONAL PROGRAMS | $32,860 |
ST JANE FRANCES DE CHANTAL SCHOOL PURPOSE: PROVIDE SCHOLARSHIPS | $31,235 |