Catholic Charities Foundation
- Assets
- $5.6m
- Revenue
- $420.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 20-2823241
Organization Overview
Catholic Charities Foundation is located in Spokane, WA. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Charities Foundation 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 Charities Foundation generated $420.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $496.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED FOR THE BENEFIT OF CATHOLIC CHARITIES OF SPOKANE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT PROGRAM:THE CATHOLIC CHARITIES FOUNDATION MANAGES THE INVESTMENT OF FUNDS CONTRIBUTED TO THE FOUNDATION TO BENEFIT CATHOLIC CHARITIES OF SPOKANE. THE FOUNDATION ALSO MONITORED THE INVESTMENT ACTIVITY OF FUNDS HELD ON BEHALF OF CATHOLIC CHARITIES OF SPOKANE. INVESTED FUNDS ARE PERIODICALLY DISTRIBUTED TO THE INTENDED ORGANIZATIONS.THE FOUNDATION HAD $3,101,345 IN ASSETS UNDER MANAGEMENT AS OF 12/31/2021 AND PAID DISTRIBUTIONS OF $342,933 FOR THE YEAR ENDING 12/31/2021.
DEVELOPMENT PROGRAM:THE CATHOLIC CHARITIES FOUNDATION SOLICITED AND ACCEPTED FUNDS FOR THE FUTURE BENEFIT OF THE INSTITUTIONS, PROGRAMS AND ACTIVITIES OF CATHOLIC CHARITIES OF SPOKANE.THE FOUNDATION RAISED $163,095 IN CONTRIBUTIONS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Hudson Chair | OfficerTrustee | 2 | $0 |
Beth Brasch Vice Chair | OfficerTrustee | 1 | $0 |
Ann Marie Byrd Executive Director | Officer | 1 | $0 |
Carol Neupert Member | Trustee | 1 | $0 |
Sr Bernadette Nannyonjo Member | Trustee | 1 | $0 |
Craig Hart 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 | $163,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,095 |
| Total Program Service Revenue | $0 |
| Investment income | $157,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,209 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,933 |
| 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. | $114,131 |
| Compensation of current officers, directors, key employees. | $11,413 |
| 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 | $19,926 |
| Fees for services: Other | $541 |
| Advertising and promotion | $0 |
| Office expenses | $3,316 |
| Information technology | $1,199 |
| Royalties | $0 |
| Occupancy | $1,562 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,000 |
| All other expenses | $0 |
| Total functional expenses | $496,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,505 |
| 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 | $5,539,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,560,795 |
| Accounts payable and accrued expenses | $101,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,459,451 |
| 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 | $2,560,832 |
| Net assets without donor restrictions | $191,018 |
| Net assets with donor restrictions | $2,808,945 |
| 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 | $5,560,795 |
Grants Awarded
Over the last fiscal year, Catholic Charities Foundation has awarded $1,956,834 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Spokane, WA PURPOSE: PRIEST RETIREMENT | $1,788,314 |
Spokane, WA PURPOSE: OPERATIONAL SUPPORT | $116,520 |
Coeur D Alene, ID PURPOSE: PROVIDE SITE FOR BUILDING | $52,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Catholic Charities Foundation has recieved totaling $6,067.
| Awarding Organization | Amount |
|---|---|
Corporation Of Gonzaga University Spokane, WA PURPOSE: ANNUAL GALA SPONSORSHIP, GENERAL SUPPORT | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $567 |
Endowment Analysis
| Beg. Balance | $30,017 |
| Earnings | $4,327 |
| Grants | $964 |
| Ending Balance | $33,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Human Services Seattle, WA | $87,958,344 | $86,152,025 |
Hopelink Redmond, WA | $65,683,064 | $83,592,432 |
Opportunity Council Bellingham, WA | $28,866,104 | $56,313,907 |
Association Of Village Council Presidents Bethel, AK | $66,137,927 | $53,399,923 |
St Vincent De Paul Society Of Lane County Inc Eugene, OR | $108,438,554 | $48,527,173 |
Lutheran Community Services Northwest SeaTac, WA | $32,992,754 | $47,700,677 |
Community Action Council Of Lewis Mason And Thurston Counties Lacey, WA | $20,227,354 | $41,866,003 |
Northwest Center Services Renton, WA | $14,390,014 | $45,339,525 |
Kodiak Area Native Association Kodiak, AK | $96,479,777 | $48,228,696 |
Catholic Charities Of The Diocese Of Yakima Yakima, WA | $43,879,767 | $48,574,689 |
Asian Counseling And Referral Service Seattle, WA | $31,509,398 | $38,563,323 |
United Community Action Network Roseburg, OR | $19,756,217 | $31,545,773 |