Cathedral Of Christ The King Endowment Trust
- Assets
- $2.0m
- Revenue
- $398.0k
- Investments
- $257.8k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1989
- Data as of
- 06/2021
- EIN
- 61-1143409
Organization Overview
Cathedral Of Christ The King Endowment Trust is located in Lexington, KY. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Of Christ The King Endowment Trust 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 06/2021, Cathedral Of Christ The King Endowment Trust generated $398.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $111.0k during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 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, Cathedral Of Christ The King Endowment Trust has awarded 14 individual grants totaling $819,230. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENHANCE THE RELIGIOUS AND EDUCATIONAL ACTIVITIES OF THE CATHEDRAL OF CHRIST THE KING, A ROMAN CATHOLIC PARISH. THIS ENDOWMENT WILL HELP ENSURE THE GROWTH AND WELL-BEING OF THE CATHEDRAL AND ITS SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS MADE TO SUPPORTED ORGANIZATION- CATHEDRAL OF CHRIST THE KING TO BE USED TO ENHANCE THE RELIGIOUS AND EDUCATIONAL ACTIVITIES OF THE CHURCH AND SCHOOL- PRIMARILY USED FOR NEED-BASED TUITION ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
FR Paul Prabell Prior Rector | Trustee | 0 | $0 |
Michael Reynolds Director | Trustee | 0 | $0 |
Lynn Jones Director | Trustee | 0 | $0 |
Crista Hollingsworth Director | Trustee | 0 | $0 |
Igor Cunha Director | Trustee | 0 | $0 |
John Simms Director | Trustee | 0 | $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 | $1,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,562 |
| Total Program Service Revenue | $0 |
| Investment income | $44,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $351,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,102 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $655 |
| All other expenses | $16,219 |
| Total functional expenses | $110,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,440 |
| 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 | $1,524,771 |
| Investments—other securities | $257,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,739 |
| Total assets | $1,995,720 |
| 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 | $1,209,455 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $786,265 |
| Total liabilities and net assets/fund balances | $1,995,720 |
Grants Awarded
Over the last fiscal year, Cathedral Of Christ The King Endowment Trust has awarded $94,102 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: ENHANCE THE RELIGIOUS AND EDUCATIONAL ACTIVITIES AND ENSURE THE GROWTH AND WELL-BEING OF THE CATHEDRAL AND ITS SCHOOL. AFTER FUNDS ARE DISTRIBUTED TO THE RESPECTIVE SUPPORTED ORGANIZATION, THEY ARE NO LONGER MONITORED BY THE ENDOWMENT. | $47,051 |
Lexington, KY PURPOSE: ENHANCE THE RELIGIOUS AND EDUCATIONAL ACTIVITIES AND ENSURE THE GROWTH AND WELL-BEING OF THE CATHEDRAL AND ITS SCHOOL. AFTER FUNDS ARE DISTRIBUTED TO THE RESPECTIVE SUPPORTED ORGANIZATION, THEY ARE NO LONGER MONITORED BY THE ENDOWMENT. | $47,051 |
Endowment Analysis
| Beg. Balance | $1,708,666 |
| Earnings | $396,468 |
| Admin Expense | $16,874 |
| Net Contributions | $1,562 |
| Grants | $94,102 |
| Ending Balance | $1,995,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |