The Catholic Foundation Of North Georgia Inc
- Assets
- $119.2m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Atlanta, GA
- Founding
- 07/2017
- Data as of
- 06/2023
- EIN
- 58-2008930
Organization Overview
The Catholic Foundation Of North Georgia Inc is located in Atlanta, GA. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Catholic Foundation Of North Georgia Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation Of North Georgia 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 North Georgia Inc generated $14.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 11.0% per year over the past 8 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 2015, Catholic Foundation Of North Georgia Inc has awarded 516 individual grants totaling $16,803,969. 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
THE CATHOLIC FOUNDATION OF NORTH GEORGIA HELPS CATHOLICS MAKE A LASTING DIFFERENCE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO SUPPORT THE WORK OF THE CHURCHES, SCHOOLS, MINISTRIES, AND NONPROFITS IN THE GEOGRAPHIC AREA OF THE ARCHDIOCESE OF ATLANTA THROUGH OUR COMPETITIVE GRANTS PROGRAMS, DONOR ADVISED FUND GRANTS AND THROUGH ENDOWMENT DISTRIBUTION GRANTS.
PROVIDE PLANNED GIVING AND ENDOWMENT BUILDING SERVICES, INCLUDING EDUCATION, MAILINGS, TRAINING, PUBLIC SPEAKING TO PARISH AND SCHOOL GROUPS, AND ONE-ON-ONE MEETINGS WITH PARISHIONERS.
RECEIVE AND MANAGE ENDOWMENT AND DONOR ADVISED FUNDS. THE FOUNDATION PROVIDES DONORS THE OPPORTUNITY TO ESTABLISH ENDOWMENT AND DONOR ADVISED FUNDS THAT ARE ADMINISTERED AND MANAGED BY THE FOUNDATION. FOR ENDOWMENT FUNDS, THE FOUNDATION UTILIZES PROFESSIONAL INVESTMENT MANAGERS AND OFFERS DIFFERENT INVESTMENT STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Coveny President | Officer | 40 | $143,543 |
Brian Dooling Director | Trustee | 1 | $0 |
John Ronco Director Of Finance | Officer | 40 | $92,287 |
Most Reverend Gregory Hartmayer Director | Trustee | 1 | $0 |
Reverend Henry Atem Director | Trustee | 1 | $0 |
Michael Petrik Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $785,083 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,493,973 |
| Noncash contributions included in lines 1a–1f | $821,266 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,279,056 |
| Total Program Service Revenue | $271,289 |
| Investment income | $1,665,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,204,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,419,921 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,910,505 |
| 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. | $328,687 |
| Compensation of current officers, directors, key employees. | $130,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,423 |
| Pension plan accruals and contributions | $17,206 |
| Other employee benefits | $77,824 |
| Payroll taxes | $49,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $179,139 |
| Fees for services: Other | $0 |
| Advertising and promotion | $111,632 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,918 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,613 |
| Insurance | $0 |
| All other expenses | $4,450 |
| Total functional expenses | $4,246,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,064,673 |
| Savings and temporary cash investments | $705,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $728 |
| 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 | $52,148 |
| Net Land, buildings, and equipment | $15,586 |
| Investments—publicly traded securities | $116,928,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $442,164 |
| Total assets | $119,208,830 |
| Accounts payable and accrued expenses | $44,727 |
| Grants payable | $0 |
| Deferred revenue | $5,261 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $127,450 |
| 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 | $35,295,372 |
| Total liabilities | $35,472,810 |
| Net assets without donor restrictions | $19,323,761 |
| Net assets with donor restrictions | $64,412,259 |
| 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 | $119,208,830 |
Grants Awarded
Over the last fiscal year, The Catholic Foundation Of North Georgia Inc has awarded $2,788,604 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES ATLANTA INC PURPOSE: General Operations and Donor Advised Funds | $147,000 |
ROMAN CATHOLIC ARCHDIOCESE OF ATLANTA INC PURPOSE: General Operations and Education and Care of Priest | $400,700 |
ATLANTA POLICE FOUNDATION PURPOSE: Donor Advised Funds | $12,000 |
BLESSED TRINITY CATHOLIC HIGH SCHOOL PURPOSE: General Operations and Donor Advised Funds | $18,000 |
CATHOLIC ANSWERS PURPOSE: Donor Advised Funds | $10,000 |
CATHEDRAL OF CHRIST THE KING PURPOSE: General Operations and Donor Advised Funds | $57,800 |