Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc
- Assets
- $7.4m
- Revenue
- $905.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ogdensburg, NY
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 36-4606321
Organization Overview
Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc is located in Ogdensburg, NY. The organization was established in 2008. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc 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, Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc generated $905.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $389.5k during the year ending 06/2022. While expenses have increased by 9.9% 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.
Since 2020, Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc has awarded 16 individual grants totaling $474,651. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS COMMITTED TO PROMOTING THE WELL-BEING OF THE ROMAN CATHOLIC DIOCESE OF OGDENSBURG AND ITS AFFILIATES AND RELATED PARISHES, SCHOOLS, CORPORATIONS, DEPARTMENTS, INSTITUTIONS, ORGANIZATIONS, ENTITIES AND PROGRAMS THROUGH DIVIDEND DISTRIBUTIONS AT THE DISCRETION OF ITS BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIVIDENDS WERE ISSUED TO THE DIOCESE OF OGDENSBURG IN SUPPORT OF VARIOUS MINISTRIES AS DIRECTED IN THE AGREEMENT BETWEEN THE FOUNDATION AND THE DONOR.
THE FOUNDATION ISSUED DIVIDENDS TO THE ROMAN CATHOLIC COMMUNITY OF BROWNVILLE AND DEXTER AS DIRECTED IN THE AGREEMENT BETWEEN THE FOUNDATION AND THE DONOR.
THE FOUNDATION ISSUED DIVIDENDS TO ST. PATRICK'S CHURCH IN ROUSES POINT, NY, IN SUPPORT OF ITS MINISTRIES AS DIRECTED IN THE AGREEMENT BETWEEN THE FOUNDATION AND THE DONOR.
THE FOUNDATION ISSUED DIVIDENDS TO ENDOWMENT BENEFICIARIES AND INCURRED ADMINISTRATIVE EXPENSES AS APPROVED BY THE BOARD OF DIRECTORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Morgan Vice President | Trustee | 0.25 | $0 |
Maryanne Bukolt Ryder Trustee | Trustee | 0.2 | $0 |
Thomas A Hannan Trustee | Trustee | 0.2 | $0 |
Kevin Mcewan Trustee | Trustee | 0.2 | $0 |
Michael J Tooley Treasurer | Trustee | 1 | $0 |
Terry R Lavalley President | Trustee | 0.5 | $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 | $140,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,463 |
| Total Program Service Revenue | $0 |
| Investment income | $165,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $598,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $905,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $249,974 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $86,683 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,057 |
| Fees for services: Other | $4,700 |
| Advertising and promotion | $0 |
| Office expenses | $165 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $389,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135 |
| Savings and temporary cash investments | $301,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,480 |
| 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 | $7,077,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,852 |
| Total assets | $7,391,567 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | -$139,514 |
| Net assets with donor restrictions | $7,531,081 |
| 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 | $7,391,567 |
Grants Awarded
Over the last fiscal year, Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc has awarded $200,723 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Ogdensburg, NY PURPOSE: Support programs identified in the agreement between the Foundation and the donors. | $127,910 |
Brownville, NY PURPOSE: Support ministries of the parish designated in the agreement between the Foundation and the donor. | $26,891 |
ST PATRICK'S CHURCH PURPOSE: Support ministries of the parish identified in the agreement between the Foundation and the donor. | $13,618 |
ST HENRY'S CHURCH PURPOSE: Support ministries of the parish identified in the agreement between the Foundation and the donor. | $10,263 |
Morrisonville, NY PURPOSE: Support ministries of the parish identified in the agreement between the Foundation and the donor. | $5,750 |
Ogdensburg, NY PURPOSE: Support ministries of the parish identified in the agreement between the Foundation and the donor. | $5,674 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of The Roman Catholic Diocese Of Ogdensburg Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Northern New York Community Foundation Inc Watertown, NY PURPOSE: PROGRAM SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $8,461,432 |
| Earnings | -$820,814 |
| Admin Expense | $139,540 |
| Net Contributions | $140,463 |
| Grants | $249,974 |
| Ending Balance | $7,391,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kolel Torah Inc Brooklyn, NY | $234,559 | $10,096,931 |
Christian Union Inc Princeton, NJ | $13,074,575 | $9,787,161 |
Eretz Hachaim Us Inc Brooklyn, NY | $7,972,379 | $9,030,705 |
Norman E Alexander Family S Foundation Inc New York, NY | $92,718,623 | $22,235,113 |
Strength Of Israel Inc Lawrence, NY | $1,436,056 | $5,202,580 |
Kupas Yom Tov Inc Lakewood, NJ | $35,904 | $3,631,675 |
Norman E Alexander Family M Foundation Inc New York, NY | $80,702,389 | $17,666,816 |
Norman E Alexander Family G Foundation Inc New York, NY | $74,799,909 | $16,778,157 |
Episcopal Charities Of The Diocese Of New York New York, NY | $4,370,956 | $2,900,488 |
Mosdos Rabbainu Nachum Meshadyk Brooklyn, NY | $3,226,330 | $4,187,685 |
Emet Veshalom Brooklyn, NY | $8,411 | $1,783,747 |
Daat Center Inc Brooklyn, NY | $444,170 | $1,892,675 |