Scholarship Granting Organization Of Catholic Community Foundation
- Assets
- $4.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- Data as of
- 12/2022
- EIN
- 87-3652751
Organization Overview
Scholarship Granting Organization Of Catholic Community Foundation, operating under the name Angel Scholarship Fund, is located in Cleveland, OH. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Angel Scholarship Fund 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
OPERATE A SCHOLARSHIP GRANTING ORGANIZATION TO SOLICIT CONTRIBUTIONS AND AWARD ACADEMIC SCHOLARSHIPS TO PRIMARILY LOW-INCOME STUDENTS ATTENDING CATHOLIC PRIMARY AND SECONDARY SCHOOLS IN THE DIOCESE OF CLEVELAND
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOLARSHIP GRANTING ORGANIZATION TO AWARD ACADEMIC SCHOLARSHIPS TO LOW-INCOME STUDENTS TO ATTEND CATHOLIC PRIMARY AND SECONDARY SCHOOLS. THIS WAS THE INITIAL YEAR OF OPERATIONS FOR THE FUND AFTER THE STATE OF OHIO ALLOWED FOR THE CREATION OF SCHOLARSHIP GRANTING ORGANIZATIONS AND THE ASSOCIATED OHIO INCOME TAX CREDIT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Grace President | OfficerTrustee | 1 | $0 |
Justin Turk Treasurer | OfficerTrustee | 1 | $0 |
Lori Conley Secretary | OfficerTrustee | 1 | $0 |
FR Don Oleksiak Member | Trustee | 1 | $0 |
Frank O'linn Member | Trustee | 1 | $0 |
Andy Schuler Member | Trustee | 1 | $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 | $4,564,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,564,899 |
| Total Program Service Revenue | $0 |
| Investment income | $4,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$98 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,568,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,208 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $123,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,402,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,668 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,445,400 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $4,445,400 |
| 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 | $4,445,400 |