Catholic Foundation Of Oklahoma Inc
- Assets
- $82.8m
- Revenue
- $6.6m
- Investments
- $15.0m
- Employees
- 9
- Location
- Oklahoma City, OK
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 73-0773715
Organization Overview
Catholic Foundation Of Oklahoma Inc is located in Oklahoma City, OK. The organization was established in 1946. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Catholic Foundation Of Oklahoma Inc employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Foundation Of Oklahoma 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 06/2021, Catholic Foundation Of Oklahoma Inc generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 14.2% 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 Foundation Of Oklahoma Inc has awarded 141 individual grants totaling $2,405,614. 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
STEWARD OF CHARITABLE FUNDS THAT PROVIDE RESOURCES TO PARISHES AND OTHER MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CATHOLIC FOUNDATION WAS INCORPORATED AS A NONPROFIT ENTITY WHOSE MISSION IS TO PROCURE AND BUILD ENDOWMENT FUNDS TO SUPPORT THE MINISTRIES AND ENTITIES OF THE ARCHDIOCESE OF OKLAHOMA CITY. WITH THE SPIRITUAL LEADERSHIP AND GUIDANCE OF THE ARCHBISHOP OF OKLAHOMA CITY, THE FOUNDATION IS MANAGED BY A BOARD OF DIRECTORS, CONSISTING OF PRIESTS, DEACONS AND PROFESSIONAL LAY MEN AND WOMEN REPRESENTING THE VARIOUS GEOGRAPHIC AREAS OF THE ARCHDIOCESE OF OKLAHOMA CITY. PROGRAM SERVICE STATEMENT CONTINUED ON SCHEDULE O.IN CARRYING OUT ITS MISSION, THE FOUNDATION PROVIDES GIFTING VEHICLES IN WHICH THE CHURCH AND RELATED ENTITIES ARE DESIGNATED BENEFICIARIES; PROVIDES ESTATE PLANNING AND CHARITABLE GIVING INFORMATION AND ASSISTANCE; AND DISTRIBUTES EARNINGS ON ENDOWMENTS TO FURTHER THE DEVELOPMENT OF THE CATHOLIC CHURCH IN CENTRAL AND WESTERN OKLAHOMA.THE FOUNDATION DISTRIBUTES EARNINGS FROM 100 ENDOWMENTS AND OTHER CHARITABLE FUNDS TO PARISHES, SCHOOLS AND OTHER MINISTRIES TO FURTHER DEVELOP THE CATHOLIC CHURCH IN CENTRAL AND WESTERN OKLAHOMA. GRANTS ARE AWARDED TO CATHOLIC ORGANIZATIONS TO ADVANCE THE FAITH THROUGHOUT THE ARCHDIOCESE. GRANTS TOTALING $834,313 WERE DISTRIBUTED TO PARISHES AND SCHOOLS IN 2022. 59 COLLEGE SCHOLARSHIPS WERE AWARDED TOTALING $146,775 IN 2022.IN ADDITION TO ENDOWMENTS AND CHARITABLE FUNDS OWNED BY THE FOUNDATION, 125 CUSTODIAL ACCOUNTS ARE MANAGED BY THE FOUNDATION FOR PARISHES, SCHOOLS AND OTHER MINISTRIES.
A CHARITABLE GIFT ANNUITY PROGRAM IS AVAILABLE TO PROVIDE ONGOING SUPPORT FOR THE DONOR'S LIFE WITH THE RESIDUAL ASSET GOING TO THE CFO MINISTRY FUND AT THE CATHOLIC FOUNDATION OF OKLAHOMA TO PROVIDE GRANTS TO PARISHES, SCHOOLS AND OTHER MINISTRIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Most Reverend Paul Coakley Chairman | OfficerTrustee | 10 | $0 |
David Johnson Secretary/treasurer | OfficerTrustee | 5 | $0 |
Daniel Stith President | OfficerTrustee | 1 | $0 |
Joe Ray President Elect | OfficerTrustee | 1 | $0 |
Whitney Hufnagel Vice-President | OfficerTrustee | 1 | $0 |
Chuck Duginski Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,471,355 |
| Investment income | $439,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $142,801 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,283,135 |
| Net Income from Fundraising Events | -$29,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,647,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $54,580 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,265 |
| Payroll taxes | $20,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,100 |
| Fees for services: Accounting | $24,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $208,117 |
| Fees for services: Other | $35,596 |
| Advertising and promotion | $16,349 |
| Office expenses | $23,015 |
| Information technology | $38,009 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $1,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $374 |
| All other expenses | $0 |
| Total functional expenses | $2,055,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $713,987 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $12,673 |
| 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 |
| Investments—publicly traded securities | $66,634,547 |
| Investments—other securities | $14,982,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $398,701 |
| Total assets | $82,819,268 |
| Accounts payable and accrued expenses | $29,336 |
| Grants payable | $0 |
| Deferred revenue | $89,960 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $55,626,403 |
| 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 | $1,438,924 |
| Total liabilities | $57,184,623 |
| 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 |
| Total liabilities and net assets/fund balances | $25,634,645 |
Grants Awarded
Over the last fiscal year, Catholic Foundation Of Oklahoma Inc has awarded $804,115 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF OKLAHOMA CITY PURPOSE: General operating expenses | $19,790 |
BLESSED STANLEY ROTHER SHRINE PURPOSE: General operating expenses | $62,585 |
CATHOLIC CHARITIES OF ARCHDIOCESE OF OKC PURPOSE: General operating expenses | $11,430 |
CRISTO REY HIGH SCHOOL PURPOSE: General operating expenses | $9,500 |
GOSPEL OF LIFE DISICPLES PURPOSE: General operating expenses | $14,620 |
HOLY FAMILY PARISH LAWTON PURPOSE: General operating expenses | $6,259 |