Vermont Catholic Community Foundation Inc
- Assets
- $24.1m
- Revenue
- $265.9k
- Investments
- $22.0m
- Employees
- 0
- Location
- South Burlington, VT
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 81-0999457
Organization Overview
Vermont Catholic Community Foundation Inc is located in South Burlington, VT. The organization was established in 1946. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Vermont Catholic Community 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, Vermont Catholic Community Foundation Inc generated $265.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $174.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND SERVE APOSTOLIC ACTIVITIES OF THE CATHOLIC CHURCH IN VERMONT AND MAKE GRANTS TO NONPROFIT ORGANIZATIONS STATEWIDE THAT REFLECT THE COMPASSION OF CHRIST IN SERVICE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE GRANTS TO NONPROFIT ORGANIZATIONS STATEWIDE THAT REFLECT THE COMPASSION OF CHRIST IN SERVICE TO THE COMMUNITY. MANAGE CAPITAL CAMPAIGNS FOR THE ROMAN CATHOLIC DIOCESE OF BURLINGTON AND RICE MEMORIAL HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Pizzagalli President And Chair | OfficerTrustee | 1 | $0 |
John Conlon Treasurer | OfficerTrustee | 1 | $0 |
Cynthia Gubb Secretary | OfficerTrustee | 1 | $0 |
Ellen Kane Executive Director | Officer | 12 | $0 |
David Mount Director | Trustee | 1 | $0 |
Bethany Dubuque Director | Trustee | 1 | $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 | $99,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,735 |
| Total Program Service Revenue | $142,845 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,798 |
| 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 | $2,801 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,360 |
| Fees for services: Other | $101,801 |
| Advertising and promotion | $0 |
| Office expenses | $6,908 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $174,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $907,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,197,534 |
| 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 | $0 |
| Investments—other securities | $22,032,756 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,137,702 |
| 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 | $23,314,025 |
| Total liabilities | $23,314,025 |
| Net assets without donor restrictions | $823,677 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,137,702 |
Grants Awarded
Over the last fiscal year, Vermont Catholic Community Foundation Inc has awarded $23,796 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Newport, VT PURPOSE: PROGRAM RELATED | $6,000 |
OUR LADY OF THE ANGELS ROMAN CATHOLIC CHURCH PURPOSE: PROGRAM RELATED | $6,000 |
ST MARK'S CATHOLIC CHURCH PURPOSE: PROGRAM RELATED | $6,000 |
Barre, VT PURPOSE: PROGRAM RELATED | $5,796 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vermont Catholic Community Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Review Foundation Inc Albany, NY PURPOSE: CHARITABLE PURPOSE | $4,000 |
Endowment Analysis
| Beg. Balance | $843,918 |
| Earnings | $94,925 |
| Net Contributions | $92,300 |
| Other Expense | $207,466 |
| Ending Balance | $823,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |