The Catholic Foundation Of Greater Philadelphia
- Assets
- $44.9m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 31
- Location
- Philadelphia, PA
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-1566557
Organization Overview
The Catholic Foundation Of Greater Philadelphia is located in Philadelphia, PA. The organization was established in 2014. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Catholic Foundation Of Greater Philadelphia employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation Of Greater Philadelphia 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, Catholic Foundation Of Greater Philadelphia generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 6.0% 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 2015, Catholic Foundation Of Greater Philadelphia has awarded 209 individual grants totaling $12,971,750. 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 CATHOLIC FOUNDATION OF GREATER PHILADELPHIA (CFGP) EXISTS TO BETTER THE MISSION OF THE CATHOLIC CHURCH FOR THE BETTERMENT OF THE LIVES OF PEOPLE. THE FOUNDATION PROVIDES DONORS AN AVENUE TO FULFILL THEIR CHARITABLE GOALS THROUGH THE SUPPORT OF PROJECTS, PROGRAMS, ORGANIZATIONS AND INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DONORS AN AVENUE TO FULFILL THEIR CHARITABLE GOALS THROUGH THE SUPPORT OF PROJECTS, PROGRAMS, ORGANIZATIONS, AND INITIATIVES OF A CATHOLIC NATURE THAT RESPOND TO THEIR NEED TO LOVE AND SUPPORT OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah O Hanley President An | Officer | 40 | $249,090 |
Joanne Romano Former Cao | Officer | 40 | $122,610 |
Emily Gambino Cdo | Officer | 40 | $121,500 |
Gina Dicolli Cmo | Officer | 40 | $94,420 |
Beverly Gandolfo CFO | Officer | 40 | $92,308 |
Margaret Sweeney Cao | Officer | 40 | $23,846 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kcb Print Resources Printing | 6/29/22 | $105,181 |
Artwen Associates Rent / Parking | 6/29/22 | $159,007 |
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 | $18,957,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,957,312 |
| Total Program Service Revenue | $3,852,796 |
| Investment income | $416,751 |
| 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 | $23,307,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,786,979 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $150,572 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $791,208 |
| Compensation of current officers, directors, key employees. | $168,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,058,135 |
| Pension plan accruals and contributions | $60,275 |
| Other employee benefits | $203,720 |
| Payroll taxes | $152,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,273 |
| Fees for services: Accounting | $15,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,539 |
| Fees for services: Other | $58,115 |
| Advertising and promotion | $175,163 |
| Office expenses | $77,031 |
| Information technology | $129,268 |
| Royalties | $0 |
| Occupancy | $321,445 |
| Travel | $10,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,937 |
| Insurance | $40,085 |
| All other expenses | $40,674 |
| Total functional expenses | $7,412,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,050 |
| Savings and temporary cash investments | $3,692,792 |
| Pledges and grants receivable | $12,585,040 |
| Accounts receivable, net | $252,860 |
| 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 | $67,992 |
| Investments—publicly traded securities | $27,322,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,887 |
| Total assets | $44,939,432 |
| Accounts payable and accrued expenses | $270,669 |
| 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 | $7,546,628 |
| Total liabilities | $7,817,297 |
| Net assets without donor restrictions | $31,923,492 |
| Net assets with donor restrictions | $5,198,643 |
| 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 | $44,939,432 |
Grants Awarded
Over the last fiscal year, The Catholic Foundation Of Greater Philadelphia has awarded $2,721,127 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: CHARITABLE | $1,302,000 |
Philadelphia, PA PURPOSE: CHARITABLE | $206,000 |
ST PATRICK CHURCH NORRISTOWN PURPOSE: CHARITABLE | $191,000 |
ST CHARLES SEMINARYST CHARLES SEMINARY PURPOSE: CHARITABLE | $90,912 |
Wynnewood, PA PURPOSE: CHARITABLE | $90,000 |
Philadelphia, PA PURPOSE: CHARITABLE | $89,480 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that The Catholic Foundation Of Greater Philadelphia has recieved totaling $272,665.
| Awarding Organization | Amount |
|---|---|
Wolstenholme Charitable Foundation Westfield, PA PURPOSE: SUPPORT | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $7,600 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,795 |
The Gary M And Patricia B Holloway Family Foundation Newtown Square, PA PURPOSE: TO PROMOTE COMMUNITY ENHANCEMENT | $5,000 |
Wsfs Foundation Wilmington, DE PURPOSE: STRENGTHENING THOSE IN NEED (HEALTH & HUMAN SERVICES) | $2,500 |
G Fred And Sylvia Dibona Family Foundation Bryn Mawr, PA PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $5,599,850 |
| Earnings | -$720,551 |
| Net Contributions | $354,256 |
| Grants | $175,088 |
| Ending Balance | $5,058,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
Foundation Of The Catholic Diocese Of Columbus Columbus, OH | $225,801,350 | $24,775,130 |
Sisters Of Charity Of St Augustine Health System Inc Cleveland, OH | $57,997,267 | $6,211,280 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Jewish Community Foundation Inc Cherry Hill, NJ | $42,600,461 | $8,752,647 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Yaazoru Inc Lakewood, NJ | $191,815 | $3,860,512 |
Toras Chesed Inc Lakewood, NJ | $1,591,221 | $3,876,581 |
Scph Legacy Corporation Cleveland, OH | $6,198,398 | $162,734 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |