Catholic Community Foundation Of Los Angeles
- Assets
- $295.6m
- Revenue
- $23.4m
- Investments
- $51.5m
- Employees
- 28
- Location
- Los Angeles, CA
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 38-3941057
Organization Overview
Catholic Community Foundation Of Los Angeles is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Catholic Community Foundation Of Los Angeles employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Community Foundation Of Los Angeles 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 12/2022, Catholic Community Foundation Of Los Angeles generated $23.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $62.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catholic Community Foundation Of Los Angeles has awarded 681 individual grants totaling $298,198,258. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER CHARITABLE INDIVIDUALS & ENTITIES BY PHILANTHROPY MANAGEMENT IN SUPPORT OF CATHOLIC VALUES.
Describe the Organization's Program Activity:
EDUCATION:GRANTS WERE MADE FROM VARIOUS DONOR ADVISED FUNDS TO SUPPORT CATHOLIC INNER CITY SCHOOL IMPROVEMENTS, SCHOLARSHIP PROGRAMS AND YOUTH SPORT PROGRAMS IN UNDERSERVED AREAS.
OTHER RELIGIOUS SERVICES AND SEMINARIES
PARISHES:GRANTS MADE IN SUPPORT OF CATHOLIC PARISHES, SEMINARIES, AND OTHER RELIGIOUS CAUSES.
SOCIAL SERVICES:GRANTS MADE FROM VARIOUS DONOR ADVISED FUNDS TO SUPPORT ORGANIZATIONS, RELIGIOUS ORDERS, HEALTHCARE FOR CHILDREN AND SENIORS IN THE COMMUNITY, CAPITAL CAMPAIGNS, MUSIC AND ART PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Archbishop Jose Gomez Ex-Officio | Trustee | 0.5 | $0 |
Bishop David G O'connell Director | Trustee | 0.5 | $0 |
Carrie Shea Tilton Director | Trustee | 1 | $0 |
David Devito Director | Trustee | 1 | $0 |
Delia Roges Director | Trustee | 0.5 | $0 |
Edward Roohan Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kathleen M Anderson Management Services | 12/30/15 | $175,000 |
Renaissance Administration Donor Proc/web Host | 12/30/15 | $166,250 |
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 | $19,312,774 |
| Noncash contributions included in lines 1a–1f | $8,623,085 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,312,774 |
| Total Program Service Revenue | $2,097,853 |
| Investment income | $3,683,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,781,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,352,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,424,939 |
| 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. | $1,038,077 |
| Compensation of current officers, directors, key employees. | $93,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,142,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $185,738 |
| Payroll taxes | $139,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,095 |
| Fees for services: Accounting | $66,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $203,561 |
| Fees for services: Other | $347,463 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,497 |
| 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 | $3,480 |
| Insurance | $101,837 |
| All other expenses | $46,438 |
| Total functional expenses | $62,242,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,266 |
| Savings and temporary cash investments | $12,329,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,600 |
| 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 | $97,438 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $231,562,963 |
| Investments—other securities | $51,451,246 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $295,568,632 |
| Accounts payable and accrued expenses | $350,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $200,909,436 |
| 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 | $10,675 |
| Total liabilities | $201,270,610 |
| Net assets without donor restrictions | $37,930,828 |
| Net assets with donor restrictions | $56,367,194 |
| 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 | $295,568,632 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation Of Los Angeles has awarded $58,359,662 in support to 156 organizations.
| Grant Recipient | Amount |
|---|---|
ALMA BACKYARD FARMS PURPOSE: FARM OPERATIONS AND SUPPORTIVE HOUSING | $500,000 |
ALEXANDRIA HOUSE PURPOSE: GENERAL SUPPORT | $103,000 |
AID TO THE CHURCH IN NEED PURPOSE: FOR THE CHURCH'S NEEDS IN UKRAINE AND COUNTRIES THAT BORDER UKRAINE | $12,000 |
ALABASTER JAR PROJECT PURPOSE: HOUSING FOR HT SURVIVORS | $12,000 |
AMERICAN GIFT FUND RBC TRUST COMPANY PURPOSE: TRANSFERRING FULL BALANCE FROM CATHOLIC COMMUNITY DAF TO AMERICAN GIFT FUND - J & K ADAMSON DONOR ADVISE FUND | $45,367 |
AMERICAN HEART ASSOCIATION PURPOSE: GREATEST NEEDS | $10,000 |