Catholic Foundation Of Allentown Inc
- Assets
- $22.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Allentown, PA
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Catholic Foundation Of Allentown Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $647.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Catholic Foundation Of Allentown Inc has awarded 37 individual grants totaling $905,090. 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
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 |
|---|---|---|---|
Peter V Waldron President | Officer | 40 | $108,641 |
Paul E Huck Chairman | Trustee | 5 | $0 |
Thomas J Scalici Vice-Chairman | Trustee | 1 | $0 |
James A Ritter ESQ Board Member | Trustee | 1 | $0 |
James F Bova Board Member | Trustee | 1 | $0 |
Beth A Dobis Beers 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 | $828,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,427 |
| Total Program Service Revenue | $137,852 |
| Investment income | $470,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,425,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $307,453 |
| 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. | $118,566 |
| Compensation of current officers, directors, key employees. | $29,641 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,830 |
| Payroll taxes | $14,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,593 |
| Fees for services: Accounting | $51,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,866 |
| Fees for services: Other | $10,159 |
| Advertising and promotion | $28,054 |
| Office expenses | $7,766 |
| Information technology | $6,205 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,023 |
| All other expenses | $0 |
| Total functional expenses | $647,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,939 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $927 |
| 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 | $22,535,421 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,652,287 |
| Accounts payable and accrued expenses | $4,440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,682,644 |
| 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 | $13,687,084 |
| Net assets without donor restrictions | $8,965,203 |
| 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 | $22,652,287 |
Grants Awarded
Over the last fiscal year, Catholic Foundation Of Allentown Inc has awarded $283,372 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ST THOMAS MORE SCHOOL EDUCATION ENDOWMENT FUND PURPOSE: PROVIDE SUPPORT FOR SPECIAL PROGRAMS, MAINTENANCE AND CAPITAL IMPROVEMENTS FOR ST. THOMAS MORE PARISH | $62,636 |
EPSF - CATHOLIC SCHOOL SCHOLARSHIP ENDOWMENT FUND PURPOSE: PROVIDE SCHOLARSHIPS | $58,139 |
ST JOSEPH THE WORKER - ANGEL SCHOLARSHIP ENDOWMENT PURPOSE: PROVIDE SCHOLARSHIP FUND FOR CHILDREN IN NEED TO ATTEND ST. JOSEPH THE WORKER ELEMENTARY SCHOOL | $46,782 |
ST ANNE EDUCATION ENDOWMENT FUND (BETHLEHEM) PURPOSE: PROVIDE FUNDS TO BE UTILIZED FOR BOTH THE ST. ANNE'S CHURCH AND SCHOOL FOR EDUCATION PURPOSES | $34,660 |
ST JANE DE CHANTAL EDUCATION ENDOWMENT FUND PURPOSE: PROVIDE SCHOLARSHIPS TO ATTEND SCHOOLS | $31,973 |
NATIVITY - LORETTA LECHER SCHNEIDER SCHOLARSHIP ENDOWMENT PURPOSE: PROVIDE SUPPORT FOR LORETTA LECHER SCHENIDER SCHOLARSHIP AND OTHER ANNUAL AWARDS TO SENIOR STUDENTS | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Catholic Foundation Of Allentown Inc has recieved totaling $207,500.
| Awarding Organization | Amount |
|---|---|
United Way Of The Greater Lehigh Valley Allentown, PA PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT | $187,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $20,000 |
Endowment Analysis
| Beg. Balance | $5,464,393 |
| Earnings | $306,186 |
| Admin Expense | $169,511 |
| Net Contributions | $3,572,117 |
| Grants | $264,485 |
| Ending Balance | $8,908,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Community Services Archdiocese Of New York New York, NY | $26,243,473 | $67,855,739 |
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Dynamic Catholic Institute Cincinnati, OH | $46,011,933 | $24,743,201 |
Raskob Foundation For Catholic Activities Incorporated Wilmington, DE | $222,202,600 | $26,821,611 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Cise Cincinnati, OH | $26,854,331 | $7,324,023 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
Holy Love Ministries North Ridgeville, OH | $21,288,130 | $2,402,696 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Hrh Management Corporation Huntingdon Valley, PA | $24,532,221 | $3,996,088 |