Catholic Foundation For The Roman Catholic Church In Northern Co
- Assets
- $189.9m
- Revenue
- $21.4m
- Investments
- $36.4m
- Employees
- 9
- Location
- Greenwood Village, CO
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 84-1481641
Organization Overview
Catholic Foundation For The Roman Catholic Church In Northern Co is located in Greenwood Village, CO. The organization was established in 2008. 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 12/2021, Catholic Foundation For The Roman Catholic Church In Northern Co employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation For The Roman Catholic Church In Northern Co 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 12/2021, Catholic Foundation For The Roman Catholic Church In Northern Co generated $21.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 3.2% 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 2014, Catholic Foundation For The Roman Catholic Church In Northern Co has awarded 1,016 individual grants totaling $87,661,118. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CATHOLIC FDN INSPIRES CHARITABLE GIVING & PLANNING THAT SPREADS THE GOSPEL, TEACHES OUR CHILDREN, PREPARES OUR PRIESTS, CARES FOR OUR POOR, & STRENGTHENS OUR PARISHES.
Describe the Organization's Program Activity:
THE CATHOLIC FOUNDATION SUPPORTS THE PREPARATION OF PRIESTS THROUGH GRANTS, SUPPORTING THE OPERATIONS AND NEEDS OF ST. JOHN VIANNEY THEOLOGICAL SEMINARY AND REDEMPTORIS MATER MISSIONARY SEMINARY.
COMMITTED TO TEACHING OUR CHILDREN, THE CATHOLIC FOUNDATION AWARDS GRANTS TO CATHOLIC SCHOOLS ACROSS NORTHERN COLORADO TO BENEFIT SCHOLARSHIP PROGRAMS, PROVIDE TUITION ASSISTANCE, AND ENABLE THE SCHOOLS TO PROVIDE A JUST WAGE TO THEIR TEACHERS, AND PROVIDE FOR CAPITAL NEEDS.
THROUGH THE FUNDING OF RELIGIOUS EDUCATION, CATECHIST TRAINING, AND CURRICULUM DEVELOPMENT, THE FOUNDATION HELPS SPREAD THE GOSPEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Stemper President & CEO | Officer | 45 | $225,894 |
Joshua Gideon Sr. Director Of Gift Planning | 40 | $152,972 | |
Michelle Fehn CFO | Officer | 45 | $132,137 |
Mr Jim Baron Secretary | OfficerTrustee | 1 | $0 |
Mr Rick Wagner Chair | OfficerTrustee | 1 | $0 |
Mrs Tricia Jansen Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knighthead Offshore Fund Ltd Investment Mgmt | 12/30/17 | $124,514 |
Owl Creek Investment Fund Investment Mgmt | 12/30/17 | $1,064,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,371,600 |
| Noncash contributions included in lines 1a–1f | $6,156,482 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,560,800 |
| Total Program Service Revenue | $0 |
| Investment income | $1,156,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,643,376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,361,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,065,356 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $118,483 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $435,435 |
| Compensation of current officers, directors, key employees. | $435,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $515,823 |
| Pension plan accruals and contributions | $28,948 |
| Other employee benefits | $62,279 |
| Payroll taxes | $61,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $856 |
| Fees for services: Accounting | $43,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,489 |
| Fees for services: Other | $22,036 |
| Advertising and promotion | $34,582 |
| Office expenses | $40,446 |
| Information technology | $98,327 |
| Royalties | $0 |
| Occupancy | $54,083 |
| Travel | $23,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,444 |
| Interest | $126,607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,750 |
| Insurance | $71,642 |
| All other expenses | $0 |
| Total functional expenses | $14,162,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,199,005 |
| Savings and temporary cash investments | $1,380,491 |
| Pledges and grants receivable | $8,723,683 |
| 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 | $60,663 |
| Net Land, buildings, and equipment | $3,381,094 |
| Investments—publicly traded securities | $138,753,220 |
| Investments—other securities | $36,373,511 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,871,667 |
| Accounts payable and accrued expenses | $473,062 |
| Grants payable | $13,171 |
| Deferred revenue | $335,270 |
| 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 | $3,200,003 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,130,784 |
| Total liabilities | $41,152,290 |
| Net assets without donor restrictions | $71,619,169 |
| Net assets with donor restrictions | $77,100,208 |
| 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 | $189,871,667 |
Grants Awarded
Over the last fiscal year, Catholic Foundation For The Roman Catholic Church In Northern Co has awarded $11,785,503 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: Preparing Future | $1,515,657 |
Denver, CO PURPOSE: Preparing Future | $1,076,743 |
Greenwood Vlg, CO PURPOSE: Teaching Our | $1,000,000 |
Genesee, CO PURPOSE: Spreading the | $720,307 |
Denver, CO PURPOSE: Caring for Our | $661,000 |
Denver, CO PURPOSE: Preparing Future | $431,956 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Catholic Foundation For The Roman Catholic Church In Northern Co has recieved totaling $213,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $186,400 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $26,750 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: RELIGION | $100 |
Endowment Analysis
| Beg. Balance | $59,868,457 |
| Earnings | $6,914,279 |
| Net Contributions | $915,418 |
| Grants | $2,933,374 |
| Ending Balance | $64,764,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Lynch Tw-Closing Phoenix, AZ | $0 | $1,800,345 |
Catholic Foundation For The Roman Catholic Church In Northern Co Greenwood Village, CO | $189,871,667 | $21,361,105 |
Missions Of Hope International Phoenix, AZ | $1,398,105 | $11,092,409 |
Bethesda Associates Colorado Springs, CO | $36,099,064 | $6,342,925 |
Legacy Of Yogi Bhajan Foundation Santa Cruz, NM | $17,787,649 | $1,568,900 |
The Vivian Skaggs Armstrong Foundation Salt Lake City, UT | $22,629,556 | $1,980,008 |
Fundet Foundation Inc Salt Lake City, UT | $87,150,297 | $9,298,940 |
Reruns R Fun Inc La Vista, NE | $1,226,554 | $873,036 |
Spiritual Care Link Foundation Scottsdale, AZ | $356,325 | $815,410 |
Shedry Dar Foundation Mesa, AZ | $4,092,490 | $2,757,316 |
Adoratio Foundation Beloit, KS | $803,045 | $489,138 |
Truth Encounter Ministries Colorado Springs, CO | $1,572,100 | $267,468 |