Catholic Charities Foundation
- Assets
- $4.2m
- Revenue
- $107.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 12/2005
- Data as of
- 12/2023
- 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 12/2023, Catholic Charities Foundation generated $107.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $255.9k during the year ending 12/2023. 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
2023
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 $2,315,038 IN ASSETS UNDER MANAGEMENT AS OF 12/31/2023 AND PAID DISTRIBUTIONS OF $193,386 FOR THE YEAR ENDED 12/31/2023.
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 $27,843 IN CONTRIBUTIONS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Marie Byrd Executive Director | Officer | 5 | $0 |
Judy Hudson Chair | OfficerTrustee | 2 | $0 |
Beth Brasch Vice Chair | OfficerTrustee | 1 | $0 |
David Austin Board Member | Trustee | 1 | $0 |
Mary Ann Heskett Secretary/treasurer | OfficerTrustee | 1 | $0 |
Sr Bernadette Nannyonjo 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 | $27,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,843 |
| Total Program Service Revenue | $0 |
| Investment income | $56,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $193,386 |
| 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. | $25,506 |
| 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 | $1,561 |
| 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 | $15,497 |
| Fees for services: Other | $13,100 |
| Advertising and promotion | $0 |
| Office expenses | $3,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,742 |
| Travel | $3 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $359 |
| All other expenses | $811 |
| Total functional expenses | $255,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| 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 | $4,072,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,524 |
| Total assets | $4,193,795 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,878,757 |
| 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 | $121,561 |
| Total liabilities | $2,000,318 |
| Net assets without donor restrictions | $20,763 |
| Net assets with donor restrictions | $2,172,714 |
| 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 | $4,193,795 |
Grants Awarded
Over the last fiscal year, Catholic Charities Foundation has awarded $1,956,834 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC DIOCESE OF SPOKANE PURPOSE: PRIEST RETIREMENT | $1,788,314 |
CATHOLIC CHARITIES OF SPOKANE PURPOSE: OPERATIONAL SUPPORT | $116,520 |
MATT'S PLACE FOUNDATION INC PURPOSE: PROVIDE SITE FOR BUILDING | $52,000 |