Independent Catholic Foundation

Organization Overview

Independent Catholic Foundation, operating under the name Independent Catholic Foundation For The Diocese Of Altoona-Johnstown, is located in Altoona, PA. The organization was established in 1992. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Independent Catholic Foundation For The Diocese Of Altoona-Johnstown employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Catholic Foundation For The Diocese Of Altoona-Johnstown 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, Independent Catholic Foundation For The Diocese Of Altoona-Johnstown generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 11.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

FUND DEVELOPMENT TO SUPPORT VARIOUS MINISTERIAL ENDEAVORS WITHIN THE ALTOONA JOHNSTOWN DIOCESE

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENDOWMENT DISTRIBUTIONS FOR CEMETERIES, SCHOLARSHIPS AND OTHER MINISTERIAL ENDEAVORS


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Board, Officers & Key Employees

Name (title)Compensation
C Ringkamp
President /
$99,762
A Isgan
Treasurer
$0
R Musar
Secretary
$0
B Stasko
Vice Chair
$0
M Difrancesco
Board Chair
$0
H Durbin
Board Member
$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$1,164,615
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,164,615
Total Program Service Revenue$391,151
Investment income $538,939
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 $2,096,997

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Independent Catholic Foundation has recieved totaling $181,923.

Awarding OrganizationAmount
Community Foundation Of Greater Johnstown

Johnstown, PA

PURPOSE: GENERAL SUPPORT

$176,423
Ward Foundation Inv Mgt

Altoona, PA

PURPOSE: HUMAN SERVICES

$3,000
Loviscky Ohana Foundation

State College, PA

PURPOSE: CHURCH OF GOOD SHEPHERD ENDOWMENT FUND FOR HOLY SPIRIT CHURCH

$1,500
The Bruno & Lena Degol Family Foundation

Altoona, PA

PURPOSE: CHARITABLE

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$40,008,270
Earnings-$5,626,162
Admin Expense$391,151
Net Contributions$1,164,615
Other Expense$1,767,534
Ending Balance$33,388,038

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