Foundation Of The Roman Catholic Diocese Of Raleigh Inc
- Assets
- $76.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Raleigh, NC
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 83-1609483
Organization Overview
Foundation Of The Roman Catholic Diocese Of Raleigh Inc is located in Raleigh, NC. The organization was established in 1946. As of 06/2021, Foundation Of The Roman Catholic Diocese Of Raleigh Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Foundation Of The Roman Catholic Diocese Of Raleigh 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, Foundation Of The Roman Catholic Diocese Of Raleigh Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Foundation Of The Roman Catholic Diocese Of Raleigh Inc has awarded 39 individual grants totaling $6,283,273. 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
THE FOUNDATION WAS FORMED TO CULTIVATE ENDOWED AND MAJOR GIFTS FOR THE LONG-TERM BENEFIT OF THE MINISTRIES OF THE DIOCESE OF RALEIGH WHILE PROVIDING EFFECTIVE AND EFFICIENT MANAGEMENT AND DISTRIBUTION OF INVESTED FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION, HEADQUARTERED IN RALEIGH, NORTH CAROLINA, EXISTS TO CULTIVATE ENDOWED AND MAJOR GIFTS FOR THE LONG-TERM BENEFIT OF THE PARISHES, SCHOOLS, PROGRAMS, MINISTRIES AND ADMINISTRATIVE OFFICES OF THE CATHOLIC DIOCESE OF RALEIGH WHILE PROVIDING EFFECTIVE AND EFFICIENT MANAGEMENT AND DISTRIBUTION OF INVESTED FUNDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Langenderfer Executive Director | Officer | 40 | $179,871 |
Maureen O'keeffe Lindgren Executive Director | Officer | 40 | $10,687 |
H Dean Penny Secretary/treasurer | OfficerTrustee | 3 | $0 |
John W Byrne Vice President | OfficerTrustee | 3 | $0 |
Timothy A Mann President | OfficerTrustee | 3 | $0 |
Michael Goodmon Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,593,389 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $465,574 |
| Noncash contributions included in lines 1a–1f | $51,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,058,963 |
| Total Program Service Revenue | $0 |
| Investment income | $1,415,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$672,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,802,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,028,879 |
| 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. | $193,157 |
| Compensation of current officers, directors, key employees. | $60,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,935 |
| Pension plan accruals and contributions | $1,374 |
| Other employee benefits | $2,859 |
| Payroll taxes | $16,827 |
| 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 | $163,084 |
| Fees for services: Other | $166,230 |
| Advertising and promotion | $0 |
| Office expenses | $13,938 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,108 |
| Travel | $17,107 |
| 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 | $4,176 |
| Insurance | $0 |
| All other expenses | $1,000 |
| Total functional expenses | $3,735,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,443 |
| Savings and temporary cash investments | $641,776 |
| Pledges and grants receivable | $95,463 |
| Accounts receivable, net | $7,208 |
| 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 | $3,162 |
| Net Land, buildings, and equipment | $19,725 |
| Investments—publicly traded securities | $75,091,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,411 |
| Total assets | $76,385,050 |
| Accounts payable and accrued expenses | $79,316 |
| 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 | $674,062 |
| Total liabilities | $753,378 |
| Net assets without donor restrictions | $34,722,130 |
| Net assets with donor restrictions | $40,909,542 |
| 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 | $76,385,050 |
Grants Awarded
Over the last fiscal year, Foundation Of The Roman Catholic Diocese Of Raleigh Inc has awarded $3,028,879 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ROMAN CATHOLIC DIOCESE OF RALEIGH AND AFFILIATES(LIST AVAILABLE ON REQUEST) Org PageRecipient ProfileRaleigh, NC PURPOSE: CHURCH EXPANSION | $1,124,410 |
ROMAN CATHOLIC DIOCESE OF RALEIGH AND AFFILIATES(LIST AVAILABLE ON REQUEST) Org PageRecipient ProfileRaleigh, NC PURPOSE: SEMINARIAN EDUCATION AND WELFARE | $440,200 |
ROMAN CATHOLIC DIOCESE OF RALEIGH AND AFFILIATES(LIST AVAILABLE ON REQUEST) Org PageRecipient ProfileRaleigh, NC PURPOSE: SEMINARIAN PARTNERSHIP PROGRAM | $325,562 |
ROMAN CATHOLIC DIOCESE OF RALEIGH AND AFFILIATES(LIST AVAILABLE ON REQUEST) Org PageRecipient ProfileRaleigh, NC PURPOSE: TUITION ASSISTANCE AND SCHOLARSHIPS | $249,577 |
ROMAN CATHOLIC DIOCESE OF RALEIGH AND AFFILIATES(LIST AVAILABLE ON REQUEST) Org PageRecipient ProfileRaleigh, NC PURPOSE: OTHER | $196,521 |
ROMAN CATHOLIC DIOCESE OF RALEIGH AND AFFILIATES(LIST AVAILABLE ON REQUEST) Org PageRecipient ProfileRaleigh, NC PURPOSE: ASSISTANCE FOR THE NEEDY | $188,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of The Roman Catholic Diocese Of Raleigh Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $25,000 |
Endowment Analysis
| Beg. Balance | $60,612,451 |
| Earnings | $16,384,459 |
| Admin Expense | $589,697 |
| Net Contributions | $895,931 |
| Grants | $2,561,566 |
| Ending Balance | $74,741,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Humanim Inc Columbia, MD | $20,769,725 | $20,890,295 |
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Affinity Health Center Rock Hill, SC | $21,220,850 | $20,654,145 |
Senior Total Life Care Gastonia, NC | $7,534,285 | $22,491,131 |
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Rush Care Inc Meridian, MS | $36,015,536 | $16,929,322 |