Catholic Foundation Of Southeastern Massachusetts Inc
- Assets
- $2.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fall River, MA
- Founding
- 09/2018
- Data as of
- 06/2022
- EIN
- 82-5093066
Organization Overview
Catholic Foundation Of Southeastern Massachusetts Inc is located in Fall River, MA. The organization was established in 2018. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, 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. Catholic Foundation Of Southeastern Massachusetts Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE WORK OF THE CATHOLIC RELIGIOUS, CHARITABLE, AND EDUCATIONAL INSTITUTIONS AND THEIR MINISTERIES WITHIN THE DIOCESE OF FALL RIVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE THE MISSION OF THE DIOCESE OF FALL RIVER AND TO STRENGTHEN THE COMMUNITY AND PARISHES, ASSIST IN SECURING THE FINANCIAL RESOURCES NEEDED FOR REBUILDING FAITH AND HOPE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Carney President | OfficerTrustee | 10 | $0 |
George L Agostini Clerk | OfficerTrustee | 2 | $0 |
Nicholas M Christ Treasurer | OfficerTrustee | 5 | $0 |
Miriam Finn Sherman Chief Executive Officer | Officer | 40 | $0 |
Robert Long Director | Trustee | 2 | $0 |
Most Reverend Edgar M Da Cunha Member & Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roman Catholic Bishop Of Fall River Professional Services | 6/29/22 | $865,692 |
Letter Concepts Inc Printing | 6/29/22 | $225,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $176,584 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,904,204 |
| Noncash contributions included in lines 1a–1f | $518,108 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,080,788 |
| Total Program Service Revenue | $625,009 |
| Investment income | $40,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,110 |
| Net Income from Fundraising Events | -$8,517 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,808,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $996,984 |
| 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 | $6,568 |
| Fees for services: Other | $1,100,092 |
| Advertising and promotion | $2,535 |
| Office expenses | $94,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,090 |
| Travel | $3,939 |
| 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 | $4,631 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,232,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $967,677 |
| 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 | $16,613 |
| Net Land, buildings, and equipment | $6,739 |
| Investments—publicly traded securities | $1,826,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,887 |
| Total assets | $2,839,964 |
| Accounts payable and accrued expenses | $3,413 |
| Grants payable | $0 |
| Deferred revenue | $2,400 |
| 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 | $44,299 |
| Total liabilities | $50,112 |
| Net assets without donor restrictions | $1,364,255 |
| Net assets with donor restrictions | $1,425,597 |
| 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 | $2,839,964 |
Grants Awarded
Over the last fiscal year, Catholic Foundation Of Southeastern Massachusetts Inc has awarded $996,984 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROMAN CATHOLIC BISHOP OF FALL RIVER PURPOSE: CATHOLIC CHARITIES, CAPITAL IMPROVEMENTS, AND GENERAL OPERATIONS | $897,949 |
Fall River, MA PURPOSE: GENERAL OPERATIONS | $86,000 |
Fall River, MA PURPOSE: GENERAL OPERATIONS | $13,035 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Catholic Foundation Of Southeastern Massachusetts Inc has recieved totaling $346,100.
| Awarding Organization | Amount |
|---|---|
Carney Family Charitable Foundation Bridgewater, MA PURPOSE: CHRISTIAN MISSION | $315,000 |
George And Marie Chabot Charitable Foundation Siasconset, MA PURPOSE: TO FUND CONTINUING CHARITABLE PURPOSES | $25,000 |
Knights Of Columbus Charitable Fund Inc New Haven, CT PURPOSE: GENERAL PURPOSE | $6,100 |
Endowment Analysis
| Beg. Balance | $715,765 |
| Earnings | -$96,450 |
| Net Contributions | $60,000 |
| Grants | $99,077 |
| Ending Balance | $580,238 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Catholic Charities Of Fairfield Bridgeport, CT | $9,651,392 | $11,217,776 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Society Of St Vincent De Paul In The Archdiocese Of Boston Inc Stoughton, MA | $14,459,247 | $5,990,877 |
Padre Pio Foundation Of America Inc Cromwell, CT | $9,995,841 | $8,304,771 |
Foundations In Faith Inc Bridgeport, CT | $29,514,744 | $3,129,315 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Walking With Purpose Inc Greenwich, CT | $1,412,300 | $2,502,751 |
Catholic Foundation Of Southeastern Massachusetts Inc Fall River, MA | $2,839,964 | $2,808,614 |
Sisters Of The Adoration Corp Danielson, CT | $1,846,756 | $1,811,339 |