Cathedral Foundation Of The Diocese Of Olympia
- Assets
- $1.7m
- Revenue
- $45.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 91-1699344
Organization Overview
Cathedral Foundation Of The Diocese Of Olympia is located in Seattle, WA. The organization was established in 1996. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Cathedral Foundation Of The Diocese Of Olympia 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 12/2022, Cathedral Foundation Of The Diocese Of Olympia generated $45.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $79.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CATHEDRAL FOUNDATION OF THE DIOCESE OF OLYMPIA RAISES AND MANAGES CAPITAL AND ENDOWMENT FUNDS FOR THE BENEFIT OF ST. MARK'S EPISCOPAL CATHEDRAL FOR THE PRESERVATION AND ENHANCEMENT OF THE CATHEDRAL'S BUILDINGS AND GROUNDS; EXERCISING FIDUCIARY RESPONSIBILITY TO PROVIDE OVERSIGHT OF THESE ASSETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ST. MARK'S EPISCOPAL CATHEDRAL FOR MAINTENANCE OF BUILDINGS AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Logan Chair | OfficerTrustee | 5 | $0 |
Phillip Haas Vice Chair | OfficerTrustee | 5 | $0 |
Deborah Person Secretary | OfficerTrustee | 5 | $0 |
Marc Aubertin Treasurer | OfficerTrustee | 5 | $0 |
Sally Farrell Board Member | Trustee | 1 | $0 |
Rev Beverly Moore-Tasy Board 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 | $13,266 |
| Noncash contributions included in lines 1a–1f | $198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,266 |
| Total Program Service Revenue | $0 |
| Investment income | $32,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,502 |
| 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 | $1,641 |
| 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 | $0 |
| 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 | $1,535 |
| All other expenses | $1,873 |
| Total functional expenses | $79,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,467 |
| Savings and temporary cash investments | $111,268 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,554,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,677,854 |
| 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 | $123,735 |
| Net assets with donor restrictions | $1,554,119 |
| 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 | $1,677,854 |
Grants Awarded
Over the last fiscal year, Cathedral Foundation Of The Diocese Of Olympia has awarded $74,502 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARK'S EPISCOPAL CATHEDRAL PURPOSE: Buildings and Grounds | $62,502 |
ST MARK'S EPISCOPAL CATHEDRAL PURPOSE: Capital Reserve Funding | $12,000 |