Catholic Education Foundation Inc
- Assets
- $35.0m
- Revenue
- $8.7m
- Investments
- $2.2m
- Employees
- 9
- Location
- Louisville, KY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 61-1294640
Organization Overview
Catholic Education Foundation Inc is located in Louisville, KY. The organization was established in 1946. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Catholic Education Foundation Inc employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Education Foundation 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 Education Foundation Inc generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 6.0% 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.
Since 2015, Catholic Education Foundation Inc has awarded 425 individual grants totaling $29,250,229. 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 PROMOTE THE GROWTH AND VITALITY OF CATHOLIC EDUCATION IN THE ARCHDIOCESE OF LOUISVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE PROVIDED FOR TUITION ASSISTANCE TO CATHOLIC SCHOOL FAMILIES, TECHNOLOGY ENHANCEMENTS AT PARISHES AND SCHOOLS, PROFESSIONAL DEVELOPMENT OF FACULTY AND STAFF, AND RELIGIOUS EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Lechleiter President (non-Voting) | Officer | 60 | $260,000 |
Julie E Baum Vice President | Officer | 50 | $183,885 |
Kevin S Woodward Director Of Advancement | 40 | $165,948 | |
Gil A Wentzel Director Of Finance | 45 | $112,000 | |
Most Rev Shelton J Fabre Vice-Chairman (term Beg Fy 2022) | OfficerTrustee | 1 | $0 |
Charles J Dahlem Chairman | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,540,693 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,374,086 |
| Noncash contributions included in lines 1a–1f | $1,531,334 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,914,779 |
| Total Program Service Revenue | $0 |
| Investment income | $543,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $365,267 |
| Net Income from Fundraising Events | -$153,597 |
| Net Income from Gaming Activities | $11,458 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,681,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,263,895 |
| Grants and other assistance to domestic individuals. | $71,302 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $808,019 |
| Compensation of current officers, directors, key employees. | $137,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,794 |
| Pension plan accruals and contributions | $30,460 |
| Other employee benefits | $32,294 |
| Payroll taxes | $31,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,257 |
| Fees for services: Other | $112,946 |
| Advertising and promotion | $56,092 |
| Office expenses | $159,435 |
| Information technology | $21,525 |
| Royalties | $0 |
| Occupancy | $36,916 |
| Travel | $197 |
| 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 | $20,831 |
| Insurance | $8,840 |
| All other expenses | $0 |
| Total functional expenses | $6,122,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,963 |
| Savings and temporary cash investments | $1,839,219 |
| Pledges and grants receivable | $7,052,781 |
| 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 | $35,823 |
| Net Land, buildings, and equipment | $141,510 |
| Investments—publicly traded securities | $23,513,162 |
| Investments—other securities | $2,196,362 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,509 |
| Total assets | $34,954,329 |
| Accounts payable and accrued expenses | $284,031 |
| Grants payable | $0 |
| Deferred revenue | $66,091 |
| 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 | $350,122 |
| Net assets without donor restrictions | $2,063,125 |
| Net assets with donor restrictions | $32,541,082 |
| 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 | $34,954,329 |
Grants Awarded
Over the last fiscal year, Catholic Education Foundation Inc has awarded $3,948,834 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
ST RITA CHURCH PURPOSE: EDUCATIONAL GRANT | $246,602 |
JOHN PAUL II ACADEMY PURPOSE: EDUCATIONAL GRANT | $213,312 |
Louisville, KY PURPOSE: EDUCATIONAL GRANT | $211,323 |
Louisville, KY PURPOSE: EDUCATIONAL GRANT | $164,079 |
ST ANDREW ACADEMY PURPOSE: EDUCATIONAL GRANT | $163,770 |
ST EDWARD SCHOOL PURPOSE: EDUCATIONAL GRANT | $142,640 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Catholic Education Foundation Inc has recieved totaling $1,100.
| Awarding Organization | Amount |
|---|---|
Elite Homes Charitable Foundation Inc Louisville, KY PURPOSE: SUPPORT OF THE CATHOLIC EDUCATION FOUNDATION | $1,000 |
Clarissa And David Duvall Foundation Inc Louisville, KY PURPOSE: ANNUAL FUND | $100 |
Endowment Analysis
| Beg. Balance | $31,162,429 |
| Earnings | -$1,579,937 |
| Net Contributions | $5,687,854 |
| Grants | $2,729,264 |
| Ending Balance | $32,541,082 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |