Catholic Education Arizona
- Assets
- $37.7m
- Revenue
- $25.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Phoenix, AZ
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 86-0937587
Organization Overview
Catholic Education Arizona is located in Phoenix, AZ. The organization was established in 1946. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Catholic Education Arizona employed 12 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Education Arizona 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 06/2023, Catholic Education Arizona generated $25.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $24.3m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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 2018, Catholic Education Arizona has awarded 68 individual grants totaling $932,963. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE SCHOLARSHIPS TO UNDERSERVED CHILDREN TO CHANGE LIVES, SERVE (CONT. ON SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATHOLIC EDUCATION ARIZONA PRIMARILY RECEIVES CONTRIBUTIONS UNDER ARIZONA INDIVIDUAL AND CORPORATE TAX CREDIT PROGRAMS FOR PRIVATE SCHOOL TUITION SCHOLARSHIPS. TOGETHER, THESE TAX CREDITS ALLOWED ARIZONA INDIVIDUAL AND CORPORATE TAXPAYERS TO EFFECTIVELY DIRECT THEIR TAX DOLLARS TO PROVIDE SCHOLARSHIPS TO 4,560 STUDENTS. AN ADDITIONAL $50,000 WAS GRANTED TO THE DIOCESE OF PHOENIX - $50,000 FOR THEM TO ASSIST STUDENTS THAT HAVE FACED CATESTROPHIC EVENTS THAT WOULD OTHERWISE LIMIT THEIR ABILITY TO ATTEND A CATHOLIC SCHOOL. $164,512 WAS ALSO DISTRIBUTED THROUGH CATHOLIC EDUCATION ARIZONA'S EMPLOYER MATCHING AND DONATION FUND TO MULTIPLE ARIZONA CATHOLIC INSTITUTIONS.
CATHOLIC EDUCATION ARIZONA BEGAN COLLECTING NON-TAX CREDIT DONATIONS FOR ITS NEW CHANGING LIVES DIVISION. IN THE FIRST YEAR, $251,825 WAS RAISED TO FUND FUTURE SCHOLARSHIPS FOR CATHOLIC SCHOOL STUDENTS. AN ADDITIONAL $325,000 GRANT WAS RECEIVED FROM THE VIRGINIA G. PIPER CHARITABLE TRUST FOR OPERATING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Bankofier Chairman | OfficerTrustee | 3 | $0 |
Carlos Sugich Vice Chair | OfficerTrustee | 0.5 | $0 |
Robert Venberg Secretary | OfficerTrustee | 2 | $0 |
Dj Cole Treasurer | OfficerTrustee | 3 | $0 |
Rodrigo Vela Director | Trustee | 0.5 | $0 |
Rev Eduardo Nevares Director | Trustee | 0.5 | $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 | $25,123,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,123,074 |
| Total Program Service Revenue | $0 |
| Investment income | $690,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,812,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,512 |
| Grants and other assistance to domestic individuals. | $21,813,274 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $323,813 |
| Compensation of current officers, directors, key employees. | $110,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,670 |
| Pension plan accruals and contributions | $66,491 |
| Other employee benefits | $75,081 |
| Payroll taxes | $63,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,036 |
| Fees for services: Accounting | $22,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $173,701 |
| Advertising and promotion | $265,959 |
| Office expenses | $207,924 |
| Information technology | $29,360 |
| Royalties | $0 |
| Occupancy | $67,709 |
| Travel | $8,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,194 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,935 |
| Insurance | $14,528 |
| All other expenses | $4,023 |
| Total functional expenses | $24,298,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68 |
| Savings and temporary cash investments | $36,449,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $465,917 |
| 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 | $12,037 |
| Net Land, buildings, and equipment | $78,510 |
| Investments—publicly traded securities | $601,052 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,156 |
| Total assets | $37,742,544 |
| Accounts payable and accrued expenses | $41,507 |
| Grants payable | $33,259,375 |
| 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 | $192,636 |
| Total liabilities | $33,493,518 |
| Net assets without donor restrictions | $3,648,011 |
| Net assets with donor restrictions | $601,015 |
| 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 | $37,742,544 |
Grants Awarded
Over the last fiscal year, Catholic Education Arizona has awarded $167,837 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF PHOENIX - NIGHT OF HOPE PURPOSE: SCHOLARSHIPS | $50,000 |
ANNUNCIATION CATHOLIC SCHOOL PURPOSE: SCHOLARSHIPS, PHYSICAL PLANT NEEDS, OR MARKETING | $11,419 |
NOTRE DAME PREPARATORY PURPOSE: SCHOLARSHIPS, PHYSICAL PLANT NEEDS, OR MARKETING | $6,774 |
OUR LADY OF MOUNT CARMEL CATHOLIC SCHOOL PURPOSE: SCHOLARSHIPS, PHYSICAL PLANT NEEDS, OR MARKETING | $6,590 |
SACRED HEART CATHOLIC SCHOOL PURPOSE: SCHOLARSHIPS, PHYSICAL PLANT NEEDS, OR MARKETING | $11,627 |
ST JOHN BOSCO CATHOLIC SCHOOL PURPOSE: SCHOLARSHIPS, PHYSICAL PLANT NEEDS, OR MARKETING | $8,001 |