Catholic Education Opportunities Foundation Inc
- Assets
- $874.3k
- Revenue
- $528.1k
- Investments
- $828.5k
- Employees
- 1
- Location
- Lexington, KY
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-0910844
Organization Overview
Catholic Education Opportunities Foundation Inc is located in Lexington, KY. The organization was established in 2019. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, 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. Catholic Education Opportunities Foundation 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 12/2022, Catholic Education Opportunities Foundation Inc generated $528.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $145.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS FOR TUITION ASSISTANCE FOR STUDENTS ATTENDING K-8 CATHOLIC SCHOOLS IN CENTRAL AND EASTERN KENTUCKY COUNTIES ENCOMPASSED BY THE DIOCESE OF LEXINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATHOLIC EDUCATION OPPORTUNITIES FOUNDATION DISTRIBUTED $28,000 TO NEEDY FAMILIES TO SEND THEIR CHILDREN TO CATHOLIC SCHOOLS IN THE DIOCESE OF LEXINGTON KY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Thompson Executive Director | Officer | 40 | $75,000 |
John Stowe Director | Trustee | 1 | $0 |
David Bowling Director | Trustee | 1 | $0 |
Julia Taylor Director | Trustee | 1 | $0 |
John Stewart Director | Trustee | 1 | $0 |
Carol Steltenkamp Vice President | OfficerTrustee | 1 | $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 | $309,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,657 |
| Total Program Service Revenue | $0 |
| Investment income | $20,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,750 |
| Net Income from Fundraising Events | $190,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $528,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,000 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $33,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,425 |
| Payroll taxes | $4,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,880 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,386 |
| Office expenses | $0 |
| Information technology | $756 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $524 |
| 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 | $431 |
| All other expenses | $0 |
| Total functional expenses | $145,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,140 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $828,494 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,345 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $17,500 |
| 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 | $17,500 |
| Net assets without donor restrictions | $462,021 |
| Net assets with donor restrictions | $394,824 |
| 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 | $874,345 |
Grants Awarded
Over the last fiscal year, Catholic Education Opportunities Foundation Inc has awarded $28,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST THE KING CATHOLIC SCHOOL PURPOSE: Tuition assistance | $1,535 |
MARY QUEEN OF THE HOLY ROSARY SCHOO PURPOSE: Tuition assistance | $17,346 |
ST AGATHA SCHOOL PURPOSE: Tuition assistance | $361 |
HOLY FAMILY CATHOLIC PURPOSE: Tuition assistance | $722 |
OUR LADY OF THE MOUNTAINS PURPOSE: Tuition assistance | $903 |
ST JOHN CATHOLIC SCHOOL PURPOSE: Tuition assistance | $1,625 |