The Bishops Fund Inc
- Assets
- $0.0
- Revenue
- $610.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 47-2521236
Organization Overview
The Bishops Fund Inc is located in Wheeling, WV. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. Bishops Fund 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 12/2020, Bishops Fund Inc generated $610.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (34.9%) each year. All expenses for the organization totaled $8.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (34.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF WHEELING-CHARLESTON IN HIS EFFORTS TO PROVIDE FOR THE PASTORAL CARE OF THE DIOCESE, FOR THE CANONICAL ADMINISTRATION OF THE FAITH, AND FOR THE HEALTH, EDUCATION AND CHARITABLE CARE OF THE PEOPLE OF THE DIOCESE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF WHEELING-CHARLESTON IN HIS EFFORTS TO PROVIDE FOR THE PASTORAL CARE OF THE DIOCESE AND THE CARE OF THE PEOPLE OF THE DIOCESE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Bandi Director/treasurer | OfficerTrustee | 1.6 | $0 |
Bryan Minor Director | Trustee | 0.7 | $0 |
Bishop Mark E Brennan Director/ Chairman/ Sole-Member | OfficerTrustee | 1.6 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $12,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $597,423 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $610,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,976 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,827 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The Bishops Fund Inc has awarded $644,412 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES WEST VIRGINIA INC PURPOSE: TO SUPPORT THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF WHEELING-CHARLESTON IN HIS EFFORTS TO PROVIDE FOR THE PASTORAL CARE OF THE DIOCESE, FOR THE CANONICAL ADMINISTRATION OF THE FAITH, AND FOR THE HEALTH, EDUCATION AND CHARITABLE CARE OF THE PEOPLE OF THE DIOCESE. | $30,000 |
SCARED HEART CO-CATHEDRAL PURPOSE: TO SUPPORT THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF WHEELING-CHARLESTON IN HIS EFFORTS TO PROVIDE FOR THE PASTORAL CARE OF THE DIOCESE, FOR THE CANONICAL ADMINISTRATION OF THE FAITH, AND FOR THE HEALTH, EDUCATION AND CHARITABLE CARE OF THE PEOPLE OF THE DIOCESE. | $29,412 |
DIOCESE OF WHEELING-CHARLESTON PURPOSE: TO SUPPORT THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF WHEELING-CHARLESTON IN HIS EFFORTS TO PROVIDE FOR THE PASTORAL CARE OF THE DIOCESE, FOR THE CANONICAL ADMINISTRATION OF THE FAITH, AND FOR THE HEALTH, EDUCATION AND CHARITABLE CARE OF THE PEOPLE OF THE DIOCESE. | $505,000 |
ST JOSEPH THE WORKER SCHOOL WEIRTON PURPOSE: TO SUPPORT THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF WHEELING-CHARLESTON IN HIS EFFORTS TO PROVIDE FOR THE PASTORAL CARE OF THE DIOCESE, FOR THE CANONICAL ADMINISTRATION OF THE FAITH, AND FOR THE HEALTH, EDUCATION AND CHARITABLE CARE OF THE PEOPLE OF THE DIOCESE. | $80,000 |