Catholic Charities Diocese Of Fort Worth Endowment Inc
- Assets
- $16.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 45-4094964
Organization Overview
Catholic Charities Diocese Of Fort Worth Endowment Inc is located in Fort Worth, TX. The organization was established in 1946. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Charities Diocese Of Fort Worth Endowment 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 12/2021, Catholic Charities Diocese Of Fort Worth Endowment Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $169.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO ACQUIRE, HOLD, MANAGE, DISTRIBUTE, AND ADMINISTER INVESTMENT PROPERTY FOR THE EXCLUSIVE BENEFIT AND SUPPORT OF CATHOLIC CHARITIES, DIOCESE OF FORT WORTH, INC. (CATHOLIC CHARITIES), A CHARITABLE AND EDUCATIONAL ORGANIZATION UNDER INTERNAL REVENUE CODE SEC 501(C)(3) AND THE RELATED REGULATIONS, AND TO RESPOND TO THE NEEDS OR DEMANDS OF CATHOLIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED FUNDS WERE USED TO SUPPORT THE HOUSING NEEDS OF ELIGIBLE CCFW CLIENTS, INCLUDING TARGETED FINANCIAL ASSISTANCE FOR HOUSING. ADDITIONAL FUNDS WERE USED TO COVER COSTS ASSOCIATED WITH THE SALARIES AND BENEFITS OF HOUSING SPECIALISTS, CASE MANAGERS, AND HOMELESS SERVICES STAFF, ALL OF WHOM WORK DIRECTLY WITH CLIENTS. THE BALANCE OF FUNDS WAS USED TO SUPPORT GENERAL OPERATIONAL NEEDS OF CCFW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Quinn Chair | OfficerTrustee | 2 | $0 |
Andrea Lacroix Treasurer | OfficerTrustee | 2 | $0 |
Merilee Kuylen Secretary | OfficerTrustee | 2 | $0 |
Ed Gray Vice Chair | OfficerTrustee | 2 | $0 |
Debra Mcnamara Interim President/ceo Thru Sept 2021 | Officer | 0 | $0 |
Josh Audi Cfo/vp Of Administration | Officer | 0 | $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 | $921,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $921,465 |
| Total Program Service Revenue | $0 |
| Investment income | $1,837,328 |
| 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 | $2,758,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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 | $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 | $143,201 |
| Advertising and promotion | $0 |
| Office expenses | $852 |
| 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 | $5,665 |
| All other expenses | $0 |
| Total functional expenses | $169,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $16,223,322 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,030 |
| Total assets | $16,367,411 |
| Accounts payable and accrued expenses | $1,263 |
| 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 | $1,263 |
| Net assets without donor restrictions | $16,366,148 |
| Net assets with donor restrictions | $0 |
| 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 | $16,367,411 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Charities Diocese Of Fort Worth Endowment Inc has recieved totaling $190.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $190 |
Endowment Analysis
| Beg. Balance | $13,777,073 |
| Earnings | $1,837,327 |
| Admin Expense | $149,718 |
| Net Contributions | $921,466 |
| Grants | $20,000 |
| Ending Balance | $16,366,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |