The Catholic Foundation Of North Georgia Inc

Organization Overview

The Catholic Foundation Of North Georgia Inc is located in Atlanta, GA. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Catholic Foundation Of North Georgia Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation Of North Georgia 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, Catholic Foundation Of North Georgia Inc generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. While expenses have increased by 12.1% 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 North Georgia Inc has awarded 507 individual grants totaling $16,106,410. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CATHOLIC FOUNDATION OF NORTH GEORGIA HELPS CATHOLICS MAKE A LASTING DIFFERENCE IN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE GRANTS TO SUPPORT THE WORK OF THE CHURCHES, SCHOOLS, MINISTRIES, AND NONPROFITS IN THE GEOGRAPHIC AREA OF THE ARCHDIOCESE OF ATLANTA THROUGH OUR COMPETITIVE GRANTS PROGRAMS, DONOR ADVISED FUND GRANTS AND THROUGH ENDOWMENT DISTRIBUTION GRANTS.


PROVIDE PLANNED GIVING AND ENDOWMENT BUILDING SERVICES, INCLUDING EDUCATION, MAILINGS, TRAINING, PUBLIC SPEAKING TO PARISH AND SCHOOL GROUPS, AND ONE-ON-ONE MEETINGS WITH PARISHIONERS.


RECEIVE AND MANAGE ENDOWMENT AND DONOR ADVISED FUNDS. THE FOUNDATION PROVIDES DONORS THE OPPORTUNITY TO ESTABLISH ENDOWMENT AND DONOR ADVISED FUNDS THAT ARE ADMINISTERED AND MANAGED BY THE FOUNDATION. FOR ENDOWMENT FUNDS, THE FOUNDATION UTILIZES PROFESSIONAL INVESTMENT MANAGERS AND OFFERS DIFFERENT INVESTMENT STRATEGIES.


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Board, Officers & Key Employees

Name (title)Compensation
Nancy Coveny
President
$122,985
John Ripoll
Secretary
$0
Michael Petrik
Chair
$0
Lisa Churchfield
Deputy Treasurer
$0
Matthew Gries
Vice Chair
$0
Donna Bergeson
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,028,661
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,943,344
Noncash contributions included in lines 1a–1f $1,009,333
Total Revenue from Contributions, Gifts, Grants & Similar$10,972,005
Total Program Service Revenue$199,431
Investment income $931,090
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,138,533
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,241,059

Grants Awarded

Over the last fiscal year, The Catholic Foundation Of North Georgia Inc has awarded $2,844,655 in support to 66 organizations.

Grant RecipientAmount

OUR LADY OF MERCY HIGH SCHOOL

Org PageRecipient Profile

Fayetteville, GA

PURPOSE: General Operations

$542,160

ROMAN CATHOLIC ARCHDIOCESE OF ATLANTA INC

Org PageRecipient Profile

Smyrna, GA

PURPOSE: General Operation and Education and Care of Priest

$369,300

ST PIUS X CATHOLIC HIGH SCHOOL

Org PageRecipient Profile

Atlanta, GA

PURPOSE: General Operations and Donor Advised Funds and Stu

$309,449

CATHOLIC FOUNDATION OF NORTH GEORGIA INC

Org PageRecipient Profile

Atlanta, GA

PURPOSE: General Operations and Donor Advised Funds

$229,150

CATHOLIC CHARITIES ATLANTA INC

PURPOSE: General Operations and Donor Advised Funds

$151,100

ST THOMAS MORE CATHOLIC SCHOOL

Org PageRecipient Profile

Decatur, GA

PURPOSE: General Operations

$83,200
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that The Catholic Foundation Of North Georgia Inc has recieved totaling $907,443.

Awarding OrganizationAmount
Igivecatholic

New Orleans, LA

PURPOSE: PARTICIPANT IN THE #IGIVECATHOLIC CAMPAIGN

$525,482
The Catholic Foundation Of North Georgia Inc

Atlanta, GA

PURPOSE: General Operations and Donor Advised Funds

$229,150
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$77,150
The Community Foundation For Greater Atlanta Inc

Atlanta, GA

PURPOSE: HUMAN SERVICES

$55,949
North Carolina Community Foundation Inc

Raleigh, NC

PURPOSE: RELIGION

$15,626
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$4,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$79,371,370
Earnings-$11,260,692
Net Contributions$7,104,312
Grants$2,824,064
Ending Balance$72,390,926

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