Catholic Foundation For The Diocese Of Davenport
- Assets
- $16.6m
- Revenue
- $206.4k
- Investments
- $16.6m
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 26-4267643
Organization Overview
Catholic Foundation For The Diocese Of Davenport is located in Davenport, IA. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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 For The Diocese Of Davenport 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 06/2021, Catholic Foundation For The Diocese Of Davenport generated $206.4k 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 (14.7%) each year. All expenses for the organization totaled $723.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catholic Foundation For The Diocese Of Davenport has awarded 82 individual grants totaling $4,074,106. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CATHOLIC FOUNDATION ENCOURAGES, SOLICITS, ACCEPTS AND MANAGES GIFTS FROM INDIVIDUALS IN ORDER TO FURTHER STEWARDSHIP AND DISTRIBUTES INCOME SO AS TO ADVANCE THE PRIORITIES OF THE DIOCESE OF DAVENPORT AND ITS ENTITIES ACCORDING TO GOSPEL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION GRANTS MONEY TO DIFFERENT DIOCESAN PARISHES, SCHOOLS AND THE DIOCESAN HEADQUARTERS TO ASSIST WITH THEIR OPERATING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hoffman Secretary | Officer | 12 | $27,354 |
Thomas Tallman Treasurer | Officer | 2 | $5,547 |
FR Tom Hennen Vice President | OfficerTrustee | 1 | $0 |
Bishop Zinklua President | OfficerTrustee | 1 | $0 |
Jerry Kedley Director | Trustee | 1 | $0 |
Jean Ballinger Director | 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 | $20,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,362 |
| Total Program Service Revenue | $0 |
| Investment income | $92,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $93,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $646,416 |
| 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. | $41,126 |
| Compensation of current officers, directors, key employees. | $41,126 |
| 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 | $0 |
| Fees for services: Other | $33,958 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,301 |
| All other expenses | $0 |
| Total functional expenses | $723,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$4,000 |
| 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 | $16,571,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,591,286 |
| Accounts payable and accrued expenses | $700 |
| Grants payable | $234,338 |
| 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 | $0 |
| Total liabilities | $235,038 |
| Net assets without donor restrictions | $15,804,734 |
| Net assets with donor restrictions | $551,514 |
| 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 | $16,591,286 |
Grants Awarded
Over the last fiscal year, Catholic Foundation For The Diocese Of Davenport has awarded $646,416 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Davenport, IA PURPOSE: THESE FUNDS ARE FOR THE DAILY OPERATIONS OF THE DIOCESE. | $587,674 |
Iowa City, IA PURPOSE: SEE ABOVE | $15,910 |
ASSUMPTION HIGH SCHOOL PURPOSE: SEE ABOVE | $9,125 |
Burlington, IA PURPOSE: SEE ABOVE | $7,571 |
ALL SAINTS CATHOLIC SCHOOL PURPOSE: SEE ABOVE | $7,060 |
ST PAUL THE APOSTLE SCHOOL OF DAVENPORT IOWA PURPOSE: 80 PARISHES WILL RECEIVE VARIOUS AMOUNTS OF GRANTS. THERE ARE SIGNIFICIANT NEEDS IN MANY PARISHES THROUGH OUT THE DIOCESE. THE NEEDS OF THE PARISHES MAY INCLUDE BUILDING EXPANSION, REPAIRS AND RENOVATIONS, PARISH ENDOWMENTS, DEBT RELIEF, OR A BASE FUNDING FOR PARISH MINISTRIES. SCHOOLS WILL RECEIVE A SMALL PERCENTAGE OF THE ASSETS OF THE FOUNDATION ON A PER STUDENT BASIS TO ASSIST SCHOOLS WITH OPERATING EXPENSES. | $6,903 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Catholic Foundation For The Diocese Of Davenport has recieved totaling $50,230.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR FATHER CHARLES PROJECT- GHANA; DIOCESE OF DAVENPORT, IA | $20,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR FR CHARLES PROJECT - GHANA | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $9,000 |
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT | $6,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |