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Nonprofiteer
← THE CATHOLIC FOUNDATION OF CENTRAL FLORIDA INC

Form 990 for tax year 2024

Filed by THE CATHOLIC FOUNDATION OF CENTRAL FLORIDA INC.

Totals

Total revenue
$8,384,434
Total expenses
$4,147,140
Contributions and grants received
$4,168,752
Grants paid
$1,334,993
Program service revenue
$2,898,132
Investment income
$1,317,550
Other revenue
$0
Total assets, end of year
$140,473,417
Total liabilities, end of year
$102,484,264
Net assets or fund balances, end of year
$37,989,153
Program services expenses (Part IX)
$3,648,552
Management and general expenses
$498,588
Fundraising expenses
$0
Program service expenses (Part III)
$3,648,552

Program services were 88.0% 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.

  • 1d · Related organizations

    $629,518

  • 1f · All other contributions, gifts and grants

    $3,539,234

  • 1g · Noncash contributions included above

    $280,518

  • 2a · Program service revenue: Development & Stewardship Fees

    total $2,257,863 · related or exempt $2,257,863

  • 2b · Program service revenue: Investment Management Fees

    total $559,687 · related or exempt $559,687

  • 2c · Program service revenue: Campaign Service Fees

    total $80,582 · related or exempt $80,582

  • 3 · Investment income

    total $664,098 · excluded $664,098

  • 7a · Gross sales of assets other than inventory

    securities $26,849,579

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

    securities $26,196,127

  • 7c · Gain or loss

    securities $653,452

  • 7d · Net gain or loss

    total $653,452 · excluded $653,452

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,334,993 · program services $1,334,993

  • 5 · Compensation of officers, directors and key employees

    total $682,767 · program services $568,595 · management and general $114,172

  • 7 · Other salaries and wages

    total $756,497 · program services $613,639 · management and general $142,858

  • 8 · Pension plan contributions

    total $53,732 · program services $42,524 · management and general $11,208

  • 9 · Other employee benefits

    total $68,874 · program services $56,574 · management and general $12,300

  • 10 · Payroll taxes

    total $102,447 · program services $84,046 · management and general $18,401

  • 11b · Fees: legal

    total $9,192 · program services $6,679 · management and general $2,513

  • 11c · Fees: accounting

    total $39,990 · program services $29,055 · management and general $10,935

  • 11f · Fees: investment management

    total $158,039 · program services $114,824 · management and general $43,215

  • 11g · Fees: other

    total $119,963 · program services $87,160 · management and general $32,803

  • 13 · Office expenses

    total $499,479 · program services $471,304 · management and general $28,175

  • 14 · Information technology

    total $135,791 · program services $114,491 · management and general $21,300

  • 16 · Occupancy

    total $134,428 · program services $95,633 · management and general $38,795

  • 17 · Travel

    total $34,212 · program services $29,035 · management and general $5,177

  • 22 · Depreciation, depletion and amortization

    total $16,736 · management and general $16,736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,018,989 · end of year $2,140,023

  • 3 · Pledges and grants receivable

    beginning of year $483,634 · end of year $502,433

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

    $85,036

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

    $63,365

  • 10c · Land, buildings and equipment, net

    beginning of year $41,336 · end of year $21,671

  • 11 · Investments: publicly traded securities

    beginning of year $52,976,411 · end of year $77,199,120

  • 12 · Investments: other securities

    beginning of year $61,376,359 · end of year $60,454,323

  • 15 · Other assets

    beginning of year $255,857 · end of year $155,847

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,075,628 · end of year $430,478

  • 19 · Deferred revenue

    beginning of year $114,320

  • 21 · Escrow or custodial account liability

    beginning of year $85,362,658 · end of year $101,570,230

  • 25 · Other liabilities

    beginning of year $471,193 · end of year $483,556

  • 27 · Net assets without donor restrictions

    beginning of year $2,055,662 · end of year $4,230,501

  • 28 · Net assets with donor restrictions

    beginning of year $29,073,125 · end of year $33,758,652

Mission and programs · 2024

Mission

Encourage selfless stewardship, safeguard and promote accountability of the gifts entrusted to our care, and engage donors in support of the spiritual, educational and social needs of the community.

Activities or mission (Part I)

To inspire and increase giving, to prudently invest the resources entrusted to us, and to capably steward those charitable gifts to support the spiritual and corporal needs of the community of the Diocese of Orlando.

  • Community Services: The Foundation provides management and consulting services for diocesan parishes, schools and entities to improve financial wellness. The Foundation's offertory enhancement initiative supports parishes with securing necessary resources through a spiritually-based program focused on stewardship and discipleship. The Foundation provides feasibility studies and capital campaigns at the local and diocesan levels to address large-scale projects. The Foundation's expert staff support clergy and lay leadership in determining capacity, defining case for support and engaging the faithful in meeting critical facility and ministry needs. The Foundation manages the annual diocesan campaign and supports each parish with this appeal which funds diocesan-wide ministries. The Foundation provides advancement consulting and training services to clergy and lay leadership on evidence-based practices for mission and operational effectiveness of governance, communications, fundraising, ethics and donor relations.

    Expenses $1,435,304 · Revenue $1,831,030

  • Grantmaking and Managing Charitable Funds: Endowed funds provide a permanent source of recurring revenue that supports the work of Catholic compliant organizations into perpetuity. Reserve and donor advised funds provide sources of revenue for current and intermediate needs for addressing needs and improving the quality of life in the community. The Foundation provides a professionally managed best-of-class investment program which is fully compliant with US Conference of Catholic Bishops social value screening guidelines along with maximized returns and competitive fees. Annual endowment distributions along with reserve fund distributions are guided by donor intent. The Foundation's funds provide donors the opportunity to achieve their philanthropic goals to benefit and meet the needs of the community including tuition assistance, services for vulnerable populations, ministry growth, retired priests, seminarians and more. The Foundation's endowment fund also provides grants to address community needs and professional development.

    Expenses $1,541,364 · Grants $1,334,993 · Revenue $561,002

  • Donor Services: The Foundation supports individuals and families with achieving their philanthropic goals of impacting lives through their charitable giving in the diocese and broader community. The professional staff provides educational and advisory services to both clergy and lay leadership as well as donors on stewardship, gift planning, charitable giving vehicles and legacy planning, and collective and engaged philanthropy. The Foundation provides grants to support community capacity building and inspire philanthropy supporting Catholic and Catholic-compliant Foundations addressing the most pressing needs and social issues in Central Florida. The Foundation provides services for processing complex gifts and resources for planned and legacy giving, donor advised fund giving, individual and family philanthropy.

    Expenses $671,884 · Revenue $506,100

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Chandler

    Chair/Director (end 9/24)

    Total calculated
    $0
    Hours/week
    2.5

  • Karen Monteleone

    Chair/Director

    Total calculated
    $0
    Hours/week
    2.5

  • Dr Robert Kryger

    Vice-Chair/Director/Treasurer

    Total calculated
    $0
    Hours/week
    1.5

  • Sr Maria Teresa Acosta

    Director (end 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Jessica Cepero Bracero

    Director

    Total calculated
    $0
    Hours/week
    1

  • Garrett Burke

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fr Scott Circe

    Director - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Fr Ralph DuWell

    Director - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Elisha Gonzalez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fr Timothy LaBo

    Director - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Wendy Mara

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fr Matthew Mello

    Director - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Fr Ivan Olmo

    Director - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Andrew Orosz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Pineda

    Director

    Total calculated
    $0
    Hours/week
    1

  • David R Ramos

    Director

    Total calculated
    $0
    Hours/week
    1

  • Randall Scott

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Tolland

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fr Richard Trout

    Director - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Erika Wikstrom

    Director (end 10/24) - See Sch O

    Total calculated
    $2
    From this org
    $0
    From related orgs
    $1
    Other
    $1
    Hours/week
    1 + 40 related

  • Rachel Youngs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kimberlee Riley

    President & CEO (end 9/24)

    Total calculated
    $174,921
    From this org
    $142,328
    From related orgs
    $0
    Other
    $32,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,759
    Bonus
    $0
    Other
    $32,569
    Deferred
    $9,467
    Nontaxable benefits
    $23,126
    Filer's total
    $174,921

  • Susan Hunt

    Controller

    Total calculated
    $89,119
    From this org
    $73,902
    From related orgs
    $0
    Other
    $15,217
    Hours/week
    40

  • Madelyn Weed

    President & CEO

    Total calculated
    $138,578
    From this org
    $119,317
    From related orgs
    $0
    Other
    $19,261
    Hours/week
    40

  • Marta Sweeney

    V.P. Community Services

    Total calculated
    $133,472
    From this org
    $116,035
    From related orgs
    $0
    Other
    $17,437
    Hours/week
    40

  • Nia Herald

    VP, Chief Financial Office

    Total calculated
    $113,237
    From this org
    $96,187
    From related orgs
    $0
    Other
    $17,050
    Hours/week
    40

  • Bryce Howard

    Dir. of Data Management (began 5/24)

    Total calculated
    $112,867
    From this org
    $96,317
    From related orgs
    $0
    Other
    $16,550
    Hours/week
    40

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 · Compensation committee
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202543179349302144

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