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Nonprofiteer
← FOUNDATION OF THE CATHOLIC DIOCESE OF COLUMBUS

Form 990 for tax year 2024

Filed by FOUNDATION OF THE CATHOLIC DIOCESE OF COLUMBUS.

Totals

Total revenue
$21,212,337
Total expenses
$17,486,984
Contributions and grants received
$15,827,114
Grants paid
$14,759,974
Program service revenue
$1,715,688
Investment income
$3,660,533
Other revenue
$9,002
Total assets, end of year
$288,957,521
Total liabilities, end of year
$190,149,060
Net assets or fund balances, end of year
$98,808,461
Program services expenses (Part IX)
$15,176,499
Management and general expenses
$1,028,864
Fundraising expenses
$1,281,621
Program service expenses (Part III)
$15,176,499

Program services were 86.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $15,827,114

  • 1g · Noncash contributions included above

    $5,370,788

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $1,487,730 · related or exempt $1,487,730

  • 2b · Program service revenue: APPEAL PROGRAM FEES

    total $227,958 · related or exempt $227,958

  • 3 · Investment income

    total $2,314,429 · unrelated business $11,470 · excluded $2,302,959

  • 6a · Gross rents

    real property $62,234

  • 6b · Less rental expenses

    real property $54,424

  • 6c · Rental income or loss

    real property $7,810

  • 6d · Net rental income or loss

    total $7,810 · unrelated business -$54,424 · excluded $62,234

  • 7a · Gross sales of assets other than inventory

    securities $31,205,817

  • 7b · Less cost or other basis and sales expenses

    securities $29,843,654 · other assets $16,059

  • 7c · Gain or loss

    securities $1,362,163 · other assets -$16,059

  • 7d · Net gain or loss

    total $1,346,104 · unrelated business -$16,059 · excluded $1,362,163

  • 8a · Fundraising events: gross income

    $7,900

  • 8b · Fundraising events: direct expenses

    $6,708

  • 8c · Net income from fundraising events

    total $1,192 · excluded $1,192

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,759,974 · program services $14,759,974

  • 5 · Compensation of officers, directors and key employees

    total $616,382 · program services $30,819 · management and general $351,331 · fundraising $234,232

  • 7 · Other salaries and wages

    total $893,551 · program services $215,997 · management and general $120,892 · fundraising $556,662

  • 8 · Pension plan contributions

    total $30,707 · program services $7,434 · management and general $4,053 · fundraising $19,220

  • 9 · Other employee benefits

    total $136,917 · program services $8,907 · management and general $10,148 · fundraising $117,862

  • 10 · Payroll taxes

    total $100,169 · program services $17,952 · management and general $30,117 · fundraising $52,100

  • 11b · Fees: legal

    total $126,638 · program services $24,452 · management and general $102,186

  • 11c · Fees: accounting

    total $48,880 · management and general $48,880

  • 11f · Fees: investment management

    total $25,224 · management and general $25,224

  • 11g · Fees: other

    total $105,216 · management and general $39,015 · fundraising $66,201

  • 12 · Advertising and promotion

    total $17,816 · fundraising $17,816

  • 13 · Office expenses

    total $89,332 · program services $2,615 · management and general $22,464 · fundraising $64,253

  • 14 · Information technology

    total $167,345 · program services $7,677 · management and general $80,552 · fundraising $79,116

  • 16 · Occupancy

    total $45,103 · program services $53 · management and general $27,197 · fundraising $17,853

  • 17 · Travel

    total $6,265 · management and general $3,296 · fundraising $2,969

  • 19 · Conferences, conventions and meetings

    total $18,506 · program services $200 · management and general $7,675 · fundraising $10,631

  • 20 · Interest

    total $3,478 · management and general $3,478

  • 22 · Depreciation, depletion and amortization

    total $87,214 · management and general $87,214

  • 23 · Insurance

    total $24,191 · program services $4,457 · management and general $7,129 · fundraising $12,605

  • 24a · Other expenses: SPECIAL EVENTS

    total $72,311 · program services $48,710 · fundraising $23,601

  • 24b · Other expenses: BANK & RELATED FEES

    total $55,587 · management and general $55,587

  • 24c · Other expenses: BAA PROGRAM EXPENSES

    total $47,252 · program services $47,252

  • 24d · Other expenses: CATHOLIC EVENT SPONSORS

    total $6,500 · fundraising $6,500

  • 24e · All other expenses

    total $2,426 · management and general $2,426

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,125,556 · end of year $21,873,544

  • 3 · Pledges and grants receivable

    beginning of year $1,342,547 · end of year $854,804

  • 4 · Accounts receivable

    beginning of year $37,169 · end of year $403

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,791 · end of year $81,653

  • 10a · Land, buildings and equipment: cost or other basis

    $5,414,073

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,146,163

  • 10c · Land, buildings and equipment, net

    beginning of year $4,305,497 · end of year $4,267,910

  • 11 · Investments: publicly traded securities

    beginning of year $227,565,175 · end of year $261,258,573

  • 12 · Investments: other securities

    beginning of year $472,516 · end of year $366,884

  • 15 · Other assets

    beginning of year $312,222 · end of year $253,750

  • 18 · Grants payable

    beginning of year $640,769 · end of year $670,754

  • 19 · Deferred revenue

    beginning of year $168,000 · end of year $180,500

  • 21 · Escrow or custodial account liability

    beginning of year $160,513,318 · end of year $186,790,219

  • 23 · Secured mortgages and notes payable

    beginning of year $194,639 · end of year $126,247

  • 25 · Other liabilities

    beginning of year $2,156,419 · end of year $2,381,340

  • 27 · Net assets without donor restrictions

    beginning of year $71,420,111 · end of year $79,962,597

  • 28 · Net assets with donor restrictions

    beginning of year $17,141,217 · end of year $18,845,864

Mission and programs · 2024

Mission

SUPPORT OF RELIGIOUS, EDUCATIONAL, AND CHARITABLE ACTIVITIES IN FURTHERANCE OF THE CATHOLIC CHURCH AND CATHOLIC DIOCESE OF COLUMBUS.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE CATHOLIC FOUNDATION INSPIRES PHILANTHROPY, INVESTS AND MANAGES THE ASSETS ENTRUSTED TO US, AND DISTRIBUTES GRANTS TO NONPROFIT ORGANIZATIONS IN CENTRAL OHIO AND THE UNITED STATES. 912 ORGANIZATIONS BENEFITED FROM THE 4,727 GRANTS MADE FROM THE FOUNDATION TOTALING $30,160,921 INCLUDING AGENCY GRANTS OF $15,400,947. THE FOUNDATION IS FORTUNATE TO WORK ALONGSIDE THE LEADERSHIP OF THESE ORGANIZATIONS TO INSPIRE PLANNED AND CURRENT GIFTS TO ENDOWMENTS, SCHOLARSHIPS AND DONOR ADVISED FUNDS. THIS YEAR, 72 NEW FUNDS WERE ESTABLISHED AND $27,622,846 WAS RAISED IN NEW GIFTS INCLUDING $11,795,732 IN AGENCY FUND CONTRIBUTIONS.

    Expenses $14,994,756 · Grants $14,759,974 · Revenue $1,487,730

  • THE FOUNDATION PUBLISHED AND DISTRIBUTED ONE ANNUAL REPORT THIS YEAR, WHICH PROMOTE THE OPPORTUNITIES TO BENEFIT THE CATHOLIC ORGANIZATIONS ABOUT WHICH OUR DONORS CARE THE MOST.

    Expenses $11,854

  • UNDER AN AGREEMENT, THE FOUNDATION IS COMPENSATED FOR PROVIDING CONSULTATION SERVICES TO THE DIOCESE ANNUAL APPEAL, WHICH SUPPORTS VARIOUS MINISTRIES OF THE DIOCESE OF COLUMBUS.

    Expenses $169,889 · Revenue $227,958

As filed on the 2024 return.

Listed in Part VII

  • William Keller

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mike Fitzpatrick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Bringardner

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Lori Wengerd

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Ervin Jr Esq

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kyle Dureska

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bishop Earl Fernandes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steven Fields

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • James Flaherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Franz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Gresh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Harvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Michael Hartge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dolores Igel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Jalandoni

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Denis Kigozi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Landes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kc McAllister

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steven Meier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Catherine Murnane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Curtin Noll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joel Oles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lorena Ritchey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher Vonau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bradley Walters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jennie Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Loren P Brown

    PRESIDENT AND CEO

    Total calculated
    $370,881
    From this org
    $335,680
    From related orgs
    $0
    Other
    $35,201
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $303,180
    Bonus
    $32,500
    Other
    $0
    Deferred
    $12,192
    Nontaxable benefits
    $23,009
    Filer's total
    $370,881

  • Steven Hagerdorn

    COO

    Total calculated
    $208,316
    From this org
    $171,261
    From related orgs
    $0
    Other
    $37,055
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,261
    Bonus
    $4,000
    Other
    $0
    Deferred
    $6,826
    Nontaxable benefits
    $30,229
    Filer's total
    $208,316

  • Scott Hartman

    V.P. DEVELOPMENT

    Total calculated
    $202,335
    From this org
    $166,475
    From related orgs
    $0
    Other
    $35,860
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $161,475
    Bonus
    $5,000
    Other
    $0
    Deferred
    $5,827
    Nontaxable benefits
    $30,033
    Filer's total
    $202,335

  • Andrea Pannell

    V.P. STEWARDSHIP

    Total calculated
    $151,016
    From this org
    $135,549
    From related orgs
    $0
    Other
    $15,467
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $133,049
    Bonus
    $2,500
    Other
    $0
    Deferred
    $4,744
    Nontaxable benefits
    $10,723
    Filer's total
    $151,016

  • Dan Kurth

    V.P. GRANTMAKING

    Total calculated
    $133,442
    From this org
    $126,788
    From related orgs
    $0
    Other
    $6,654
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 257 EAST BROAD LLC

    REAL ESTATE · OH · income $0 · assets $14,661

    Directly controlled by CATHOLIC FOUNDATION

  • ROSE WINDOW LLC

    REAL ESTATE · OH · income $0 · assets $168,000

    Directly controlled by CATHOLIC FOUNDATION

  • 250 PROGRESSIVE LLC

    REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by CATHOLIC FOUNDATION

  • CATHOLIC FOUNDATION TRUST

    INVEST · OH · income $0 · assets $0

    Directly controlled by CATHOLIC FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.5
Source object
202610169349300446

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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