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Nonprofiteer
← CCF-LA SUPPORTING ORGANIZATION

Form 990 for tax year 2023

Filed by CCF-LA SUPPORTING ORGANIZATION.

Totals

Total revenue
$11,542,605
Total expenses
$48,070,981
Contributions and grants received
$0
Grants paid
$45,430,417
Program service revenue
$0
Investment income
$11,542,605
Other revenue
$0
Total assets, end of year
$282,733,446
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$282,733,446
Program services expenses (Part IX)
$45,659,417
Management and general expenses
$2,411,564
Fundraising expenses
$0
Program service expenses (Part III)
$45,659,417

Program services were 95.0% 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.

  • 3 · Investment income

    total $10,176,589 · unrelated business $363,760 · excluded $9,812,829

  • 7a · Gross sales of assets other than inventory

    securities $99,363,206

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

    securities $97,997,190

  • 7c · Gain or loss

    securities $1,366,016

  • 7d · Net gain or loss

    total $1,366,016 · excluded $1,366,016

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,430,417 · program services $45,430,417

  • 11a · Fees: management

    total $1,193,017 · management and general $1,193,017

  • 11f · Fees: investment management

    total $269,697 · management and general $269,697

  • 11g · Fees: other

    total $229,000 · program services $229,000

  • 13 · Office expenses

    total $80 · management and general $80

  • 24a · Other expenses: TAXES & LICENSES

    total $948,770 · management and general $948,770

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $23,916,758 · end of year $5,419,706

  • 11 · Investments: publicly traded securities

    beginning of year $88,053,777 · end of year $96,678,461

  • 12 · Investments: other securities

    beginning of year $181,071,075 · end of year $180,635,279

  • 27 · Net assets without donor restrictions

    beginning of year $293,041,610 · end of year $282,733,446

Mission and programs · 2023

Mission

DONOR ADVISED FUND GRANTING TO CHARITIES SUPPORTING CATHOLIC VALUES.

Activities or mission (Part I)

DONOR ADVISED FUND GRANTING TO CHARITIES WITH CATHOLIC VALUES.

  • EDUCATION:GRANTS ARE MADE PRIMARILY TO SUPPORT CATHOLIC INNER CITY SCHOOL FACILITY IMPROVEMENTS, SCHOLARSHIP PROGRAMS, TEACHER COMPENSATION, AND OTHER GRANTS TO SUPPORT PRIVATE CATHOLIC SCHOOLS AND HIGHER EDUCATION.

    Expenses $45,323,630 · Grants $45,094,630

  • PARISHES:GRANTS MADE IN SUPPORT OF CATHOLIC PARISHES, SEMINARIES, AND OTHER RELIGIOUS CAUSES.

    Expenses $313,787 · Grants $313,787

  • SOCIAL SERVICES:GRANTS ARE MADE TO SUPPORT ORGANIZATIONS, RELIGIOUS ORDERS, HEALTHCARE, CAPITAL CAMPAIGNS, MUSIC AND ART PROGRAMS.

    Expenses $22,000 · Grants $22,000

As filed on the 2023 return.

Listed in Part VII

  • Kathleen Anderson

    PRESIDENT AND EXECUTIVE DIRECTOR

    Total calculated
    $316,239
    From this org
    $0
    From related orgs
    $313,740
    Other
    $2,499
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $313,740 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,499 related
    Filer's total
    $0 + $316,239 related
  • Andrew O'Boyle

    CFO AND TREASURER (THRU 10/23)

    Total calculated
    $291,031
    From this org
    $0
    From related orgs
    $270,634
    Other
    $20,397
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,237 related
    Bonus
    $0
    Other
    $0 + $20,397 related
    Deferred
    $0 + $9,153 related
    Nontaxable benefits
    $0 + $11,244 related
    Filer's total
    $0 + $291,031 related
  • Timothy Matthew Hansen - Sr Dir

    OF OPER & CORP SEC (THRU 10/23)

    Total calculated
    $250,333
    From this org
    $0
    From related orgs
    $229,999
    Other
    $20,334
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,124 related
    Bonus
    $0
    Other
    $0 + $21,875 related
    Deferred
    $0 + $9,801 related
    Nontaxable benefits
    $0 + $10,533 related
    Filer's total
    $0 + $250,333 related
  • Armando Nevarez

    CONTROLLER & TREASURER

    Total calculated
    $197,626
    From this org
    $0
    From related orgs
    $184,443
    Other
    $13,183
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,443 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,667 related
    Nontaxable benefits
    $0 + $7,516 related
    Filer's total
    $0 + $197,626 related
  • Tania Naaman - Director Of

    CLIENT SERVICES AND CORP SECRETARY

    Total calculated
    $164,046
    From this org
    $0
    From related orgs
    $151,468
    Other
    $12,578
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,468 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,455 related
    Nontaxable benefits
    $0 + $10,123 related
    Filer's total
    $0 + $164,046 related
  • Jimmy Ozaeta

    VP AND ASSISTANT TREASURER

    Total calculated
    $140,010
    From this org
    $0
    From related orgs
    $133,015
    Other
    $6,995
    Hours/week
    10 + 30 related
  • Margaret Byrne - Head Of Dev

    & ASST TREASURER (THRU 02/23)

    Total calculated
    $55,606
    From this org
    $0
    From related orgs
    $43,407
    Other
    $12,199
    Hours/week
    10 + 30 related
  • William Wardlaw

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Louis Castruccio

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Edward Roohan

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Father Jim Anguiano

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Kevin Bender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Robert Boada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Msgr Jarlath Cunnane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related
  • David Devito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Bishop Matthew Elshoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75 + 0.75 related
  • Archbishop Jose Gomez

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • John McNamee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Morrissey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Father Brian Nunes

    EX-OFFICIO (THRU 09/23)

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related
  • Bishop David G O'Connell

    DIRECTOR (THRU 02/23)

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Delia Roges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related
  • Raul Salinas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • John Smet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related
  • Randolph Steiner

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related
  • Carrie Shea Tilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S OFFICERS ARE COMPENSATED BY CATHOLIC COMMUNITY FOUNDATION OF LOS ANGELES, A RELATED ORGANIZATION. CATHOLIC COMMUNITY FOUNDATION OF LOS ANGELES UTILIZED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF CCF-LA SUPPORTING ORGANIZATION'S OFFICERS: FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND APPROVAL BY THE COMPENSATION COMMITTEE OR BOARD.
PART I, LINE 4A
TIMOTHY MATTHEW HANSEN RECEIVED A SEVERANCE PAYMENT OF $21,875, FOR WHICH THE ORGANIZATION ISSUED A 1099 DIRECTLY TO HIS BENEFICIARY. THIS AMOUNTS IS IN SCHEDULE J, PART II, COLUMN B(III). ANDREW O'BOYLE RECEIVED A SEVERANCE PAYMENT OF $20,397. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III).

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423189349312252

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

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