Catalytic Development Funding Corp Of Northern Kentucky

Organization Overview

Catalytic Development Funding Corp Of Northern Kentucky is located in Covington, KY. The organization was established in 2009. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Catalytic Development Funding Corp Of Northern Kentucky employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalytic Development Funding Corp Of Northern Kentucky 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, Catalytic Development Funding Corp Of Northern Kentucky generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 10.3% 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.

Since 2016, Catalytic Development Funding Corp Of Northern Kentucky has awarded 23 individual grants totaling $508,176. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO STRENGTHEN THE ECONOMY OF THE NORTHERN KENTUCKY REGION THROUGH BUSINESS AND JOB CREATION SO AS TO RELIEVE POVERTY AND UNEMPLOYMENT THAT NEGATIVELY AFFECTS THE CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ACCELERATE NORTHERN KENTUCKY'S URBAN RENAISSANCE RECOGNIZING THAT A VIBRANT URBAN CORE IS VITAL TO OUR REGION'S ECONOMIC COMPETITIVENESS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeanne Schroer
President/ceo
$230,077
Joe Klare
Vice President
$155,058
Charles Scheper
Chairman
$0
Martin Butler
Vice Chairman
$0
Martha Skelton
Secretary
$0
Mark Caesar
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $91,477
All other contributions, gifts, grants, and similar amounts not included above$1,484,498
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,575,975
Total Program Service Revenue$114,294
Investment income $352,839
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 $2,043,108

Grants Awarded

Over the last fiscal year, Catalytic Development Funding Corp Of Northern Kentucky has awarded $202,511 in support to 5 organizations.

Grant RecipientAmount

COVINGTON COMMUNITY MONTESSORI

Org PageRecipient Profile

Covington, KY

PURPOSE: ECONOMIC DEVELOPMENT

$150,200

BURTON BUILDING

PURPOSE: ECONOMIC DEVELOPMENT

$18,311

NORTH SOUTH BAKERY

PURPOSE: ECONOMIC DEVELOPMENT

$15,000

CORK & CHAR

PURPOSE: ECONOMIC DEVELOPMENT

$10,000

700 MONMOUTH

PURPOSE: ECONOMIC DEVELOPMENT

$9,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Catalytic Development Funding Corp Of Northern Kentucky has recieved totaling $367,500.

Awarding OrganizationAmount
Horizon Community Funds Of Northern Kentucky Inc

Covington, KY

PURPOSE: General Support

$187,500
Greater Cincinnati Foundation

Cincinnati, OH

PURPOSE: GENERAL PURPOSE

$50,000
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$40,000
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$35,000
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$35,000
Carol Ann And Ralph V Haile Jr Foundation

Cincinnati, OH

PURPOSE: GENERAL OPERATING SUPPORT (2019-2021)

$20,000
View Grant Recipient Profile

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