Mater Ecclesiae Fund For Vocations Inc
- Assets
- $723.4k
- Revenue
- $872.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Esmont, VA
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 51-0612966
Organization Overview
Mater Ecclesiae Fund For Vocations Inc is located in Esmont, VA. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Mater Ecclesiae Fund For Vocations Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mater Ecclesiae Fund For Vocations 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 12/2021, Mater Ecclesiae Fund For Vocations Inc generated $872.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $590.4k during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MATER ECCLESIAE FUND FOR VOCATIONS (THE FUND) AWARDS GRANTS TO MEN AND WOMEN WITH VOCATIONS TO THE CATHOLIC RELIGIOUS LIFE, WHO ARE PREVENTED FROM BEGINNING OR CONTINUING THEIR FORMATION BY THEIR STUDENT LOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND OPERATES THE ST. JOSEPH STUDENT DEBT RELIEF GRANT PROGRAM FOR MEN AND WOMEN WITH VOCATIONS TO THE CATHOLIC RELIGIOUS LIFE (INCLUDING THOSE MONASTERIES OR OTHER COMMUNITIES WHOSE MEMBERS MAKE VOWS OF POVERTY, CHASTITY AND OBEDIENCE, AS WELL AS THOSE IN SOCIETIES OF APOSTOLIC LIFE, WHOSE MEMBERS DO NOT MAKE SUCH VOWS) BUT WHO ARE PREVENTED FROM BEGINNING OR CONTINUING THEIR RELIGIOUS FORMATION DUE TO THEIR PRE-EXISTING STUDENT LOANS. IN 2021, 22 MEN AND 86 WOMEN WERE BENEFICIARIES UNDER THIS PROGRAM.
THE FUND OPERATES THE ST. JOHN VIANNEY STUDENT DEBT RELIEF GRANT PROGRAM FOR MEN WITH VOCATIONS TO THE CATHOLIC PRIESTHOOD, BUT WHO ARE PREVENTED FROM BEGINNING OR CONTINUING THEIR PRIESTLY FORMATION DUE TO THEIR PRE-EXISTING STUDENT LOANS. WHEN THEY COMPLETE THEIR SEMINARY TRAINING, THESE MEN WILL SERVE IN PARISH OR OTHER PRIESTLY MINISTRY. IN 2021 FIVE MEN WERE BENEFICIARIES UNDER THIS PROGRAM. IN 2014, THE ST. JOHN VIANNEY PROGRAM WAS CLOSED AND COMBINED WITH THE ST. JOSEPH PROGRAM. NOW, ALL AWARDS ARE GIVEN THROUGH THE ST. JOSEPH PROGRAM.
THE FUND CONDUCTS AN ONGOING PUBLIC EDUCATION AND AWARENESS CAMPAIGN TO INFORM MEMBERS OF THE CATHOLIC FAITHFUL ABOUT THE TREMENDOUS PROBLEM FACING MEN AND WOMEN WHO ARE PREVENTED FROM PURSUING A VOCATION TO THE CATHOLIC PRIESTHOOD AND/OR RELIGIOUS LIFE BY THEIR STUDENT DEBTS. IN 2021, APPROXIMATELY 80,000 CATHOLIC HOUSEHOLDS WERE CONTACTED THROUGH A DIRECT-MAIL PROGRAM ABOUT THIS PROBLEM AND ABOUT THE SOLUTION DEVELOPED BY THE FUND. THE DIRECT-MAIL PROGRAM WAS EXPANDED TO INCLUDE E-MAIL CONTACTS TO INDIVIDUALS WHO REQUEST THEM. THE FUND ALSO OPERATES THROUGH ITS WEBSITE, FUNDFORVOCATIONS.ORG, AND ON SOCIAL MEDIA, INCLUDING FACEBOOK, INSTAGRAM AND YOUTUBE. OUR FACEBOOK PAGES LOGGED APPROXIMATELY 14,350 PAGE REACHES AND OVER 200 PAGE LIKES. INSTAGRAM REPORTED 4,120 PAGE REACHES AND OVER 200 NEW FOLLOWERS. OUR YOUTUBE CHANNEL HAD 9,350 VIEWS. THE WEBSITE FUNDFORVOCATIONS.ORG RECORDED NEARLY 6,000 NEW USERS, AND 19,000 PAGE VIEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Radford Executive Director | Officer | 40 | $126,247 |
Katherine Huber Secretary And Treasurer | OfficerTrustee | 10 | $27,500 |
Corey Huber President | OfficerTrustee | 2 | $3,500 |
Rachel Mcgonigle Director | Trustee | 1 | $0 |
Anne Folan Director | Trustee | 2 | $0 |
Br Benedict Mccaffree Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $38,425 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $830,365 |
| Noncash contributions included in lines 1a–1f | $69,677 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $868,790 |
| Total Program Service Revenue | $0 |
| Investment income | $912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $148,379 |
| Grants and other assistance to Foreign Orgs/Individuals | $16,142 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,950 |
| Compensation of current officers, directors, key employees. | $7,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,257 |
| Payroll taxes | $15,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,499 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,944 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,906 |
| Advertising and promotion | $1,428 |
| Office expenses | $94,077 |
| Information technology | $5,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,045 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $590,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,002 |
| Savings and temporary cash investments | $581,372 |
| Pledges and grants receivable | $18,425 |
| Accounts receivable, net | $1,704 |
| 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 | $4,861 |
| Net Land, buildings, and equipment | $3,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,410 |
| Accounts payable and accrued expenses | $27,851 |
| 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 | $27,851 |
| Net assets without donor restrictions | $488,411 |
| Net assets with donor restrictions | $207,148 |
| 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 | $723,410 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mater Ecclesiae Fund For Vocations Inc has recieved totaling $150,340.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $65,600 |
Fraser Family Foundation Inc Esmont, VA PURPOSE: TO SUPPORT RELIGIOUS VOCATIONS | $47,638 |
The Anna-Maria Moggio Foundation Haverford, PA PURPOSE: SUPPORT OF MISSION | $25,000 |
Bancroft-Clair Foundation Inc Austin, TX PURPOSE: UNRESTRICTED | $7,000 |
John J Sullivan Jr Foundation Overland Park, KS PURPOSE: FINCL SUPPPORT OF PUBLIC CHARITY | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Endowment Analysis
| Beg. Balance | $1,261 |
| Earnings | $1 |
| Net Contributions | $540 |
| Grants | $1,802 |
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