Catholic Foundation Of South Georgia Inc
- Assets
- $33.9m
- Revenue
- $4.6m
- Investments
- $33.8m
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 20-0184774
Organization Overview
Catholic Foundation Of South Georgia Inc is located in Savannah, GA. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Foundation Of South Georgia 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 06/2022, Catholic Foundation Of South Georgia Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 8.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EFFECTIVE STEWARDSHIP OF PHILANTHROPIC ASSETS ENTRUSTED TO ITS CARE BY DONORS WHO DESIRE TO ADVANCE THE RELIGIOUS, CHARITABLE, AND EDUCATIONAL WORKS OF THE CATHOLIC DIOCESE OF SAVANNAH, ITS SCHOOLS, PARISHES, AND AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
SEE ABOVE FOR DISCUSSION OF MISSION, ACTIVITIES, AND ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Very Rev Daniel F Firmin Board Of Tru | Trustee | 1 | $0 |
Stephanie Hunter Board Of Tru | Trustee | 1 | $0 |
Chris Sheridan Jr Board Of Tru | Trustee | 1 | $0 |
William J Kehoe III Board Of Tru | Trustee | 1 | $0 |
Rev Ronnie Madden Board Of Tru | Trustee | 1 | $0 |
Robert Schivera Board Of Tru | 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 | $4,439,361 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,439,361 |
| Total Program Service Revenue | $0 |
| Investment income | $124,341 |
| 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 | $4,567,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $43,169 |
| Compensation of current officers, directors, key employees. | $43,169 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,784 |
| Payroll taxes | $3,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,300 |
| 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 | $4,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,487 |
| Travel | $2,247 |
| 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 | $4,950 |
| All other expenses | $297,326 |
| Total functional expenses | $1,053,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,088 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $33,828,802 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,859,890 |
| Accounts payable and accrued expenses | $968,518 |
| 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 | $1,353,132 |
| Total liabilities | $2,321,650 |
| Net assets without donor restrictions | $249,008 |
| Net assets with donor restrictions | $31,289,232 |
| 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 | $33,859,890 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Catholic Foundation Of South Georgia Inc has recieved totaling $920,000.
| Awarding Organization | Amount |
|---|---|
Phil J And Alice S Sheridan Foundation Inc Macon, GA PURPOSE: GENERAL PURPOSE OF ORGANIZATION | $460,000 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA PURPOSE: GENERAL PURPOSE OF ORGANIZATION | $460,000 |
Endowment Analysis
| Beg. Balance | $36,309,933 |
| Earnings | -$4,178,652 |
| Admin Expense | $91,788 |
| Net Contributions | $4,435,292 |
| Other Expense | $2,645,983 |
| Ending Balance | $33,828,802 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life Teen Inc Atlanta, GA | $17,994,338 | $11,424,190 |
Alligator Rural Water Company Inc McBee, SC | $41,432,753 | $4,049,500 |
Sisters Of St Joseph St Augustine, FL | $24,400,194 | $3,642,875 |
Caritas Of Birmingham Sterrett, AL | $8,833,684 | $2,041,693 |
United States Catholic Conference Atlanta, GA | $4,369,247 | $649,146 |
Catholic Foundation Of South Georgia Inc Savannah, GA | $33,859,890 | $4,567,733 |
Heart Of The Bride Ministries Inc Niceville, FL | $1,022,134 | $1,067,847 |
Full Circle Ministries Inc Lutz, FL | $223,503 | $506,062 |
Catholic Servant Ministries Inc Palm Beach, FL | $161,734 | $323,319 |
Global Community Fellowship Inc Myrtle Beach, SC | $511,356 | $553,473 |
Scripture Awakening Inc Hendersonville, NC | $242,445 | $150,016 |
Divine Mercy Communications Inc Melbourne, FL | $1,610,633 | $211,002 |