Catholic Foundation Of Long Island Inc
- Assets
- $2.9m
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Hicksville, NY
- Founding
- 09/2016
- Data as of
- 08/2019
- EIN
- 81-2709862
Organization Overview
Catholic Foundation Of Long Island Inc, operating under the name Catholic Community Foundation Of Long Island, is located in Hicksville, NY. The organization was established in 2016. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 08/2019, Catholic Community Foundation Of Long Island employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Community Foundation Of Long Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE CATHOLIC COMMUNITY FOUNDATION OF LONG ISLAND IS COMMITTED TO GENERATING SIGNIFICANT PHILANTHROPIC RESOURCES TO SUPPORT THE MANY DYNAMIC MINISTRIES OF THE CATHOLIC CHURCH ON LONG ISLAND AND BEYOND. THIS INDEPENDENT FOUNDATION IS GOVERNED BY MEMBERS OF THE LAITY AND IS DEDICATED TO ASSURING THAT THE MINISTRIES OF THE CHURCH ON LONG ISLAND HAVE THE RESOURCES NEEDED TO ASSURE THAT THEIR WORK CONTINUES AND FLOURISHES. THE FOUNDATION WILL SEEK TO SUPPORT THE MINISTRIES SO THAT THEY MAY CONTINUE TO SERVE THE PEOPLE OF LONG ISLAND AND SUSTAIN THEIR POSITIVE IMPACT ON THE LONG ISLAND COMMUNITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE HAVE BEEN NO PROGRAMS IMPLEMENTED DURING THE FISCAL YEAR ENDED 8/31/2019.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ackermann President & CEO As Of 12/3/18 | Officer | 40 | $34,308 |
Michael Maturo Chairman | OfficerTrustee | 1 | $0 |
Brian T Shea Vice Chairman | OfficerTrustee | 1 | $0 |
Claudio Del Vecchio Secretary | OfficerTrustee | 1 | $0 |
Alfonso Martinez-Fonts Treasurer | OfficerTrustee | 1 | $0 |
Robert Alexander Director As Of 2/11/2019 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,000 |
| Investment income | $52,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,538 |
| Statement of Expenses | |
|---|---|
| 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. | $587,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,755 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,835 |
| Fees for services: Accounting | $35,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $629,912 |
| Advertising and promotion | $0 |
| Office expenses | $2,011 |
| Information technology | $3,240 |
| Royalties | $0 |
| Occupancy | $3,750 |
| Travel | $410 |
| 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 | $1,386,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,597 |
| Savings and temporary cash investments | $1,947,501 |
| Pledges and grants receivable | $771,315 |
| 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 | $265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,857,678 |
| Accounts payable and accrued expenses | $230,763 |
| Grants payable | $771,315 |
| 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 | $39,103 |
| Total liabilities | $1,041,181 |
| Net assets without donor restrictions | $1,816,497 |
| 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 | $1,816,497 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Catholic Foundation Of Long Island Inc has recieved totaling $535,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $375,000 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |