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Nonprofiteer
← THE CATHOLIC UNIVERSITY OF AMERICA FOUNDATION

Form 990 for tax year 2024

Filed by THE CATHOLIC UNIVERSITY OF AMERICA FOUNDATION.

Totals

Total revenue
$65,399
Total expenses
$73,281
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$65,399
Other revenue
$0
Total assets, end of year
$1,481,978
Total liabilities, end of year
$6,886
Net assets or fund balances, end of year
$1,475,092
Program services expenses (Part IX)
$69,710
Management and general expenses
$3,571
Fundraising expenses
$0
Program service expenses (Part III)
$69,710

Program services were 95.1% 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 $27,723 · excluded $27,723

  • 7a · Gross sales of assets other than inventory

    securities $1,075,873

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

    securities $1,038,197

  • 7c · Gain or loss

    securities $37,676

  • 7d · Net gain or loss

    total $37,676 · excluded $37,676

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $52,484 · program services $52,484

  • 8 · Pension plan contributions

    total $5,248 · program services $5,248

  • 9 · Other employee benefits

    total $8,140 · program services $8,140

  • 10 · Payroll taxes

    total $3,838 · program services $3,838

  • 13 · Office expenses

    total $112 · management and general $112

  • 24a · Other expenses: ENDOWMENT ADMIN.

    total $3,459 · management and general $3,459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,231 · end of year $81,972

  • 4 · Accounts receivable

    beginning of year $1,530

  • 12 · Investments: other securities

    beginning of year $1,364,007 · end of year $1,400,006

  • 17 · Accounts payable and accrued expenses

    end of year $6,886

  • 27 · Net assets without donor restrictions

    beginning of year $44,363 · end of year $37,260

  • 28 · Net assets with donor restrictions

    beginning of year $1,400,405 · end of year $1,437,832

Mission and programs · 2024

Mission

THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO OPERATE EXCLUSIVELY TO SUPPORT THE CATHOLIC UNIVERSITY OF AMERICA. THE CATHOLIC UNIVERSITY OF AMERICA IS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, (CONTINUED ON SCHEDULE O)SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF THE PROVISIONS OF SECTIONS 170(C) (2)(B) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

TO PROVIDE SUPPORT TO CATHOLIC UNIVERSITY OF AMERICA.

  • HIGHER EDUCATION: SUPPORTS THE CATHOLIC UNIVERSITY OF AMERICA, WHICH OFFERS PROGRAMS OF STUDY LEADING TO BACHELORS, MASTERS AND DOCTORAL DEGREES IN THE LIBERAL ARTS AND SCIENCES, RELIGIOUS STUDIES AND IN SEVERAL PROFESSIONAL AREAS INCLUDING ENGINEERING, ARCHITECTURE, SOCIAL SERVICE, NURSING, MUSIC AND LAW. (INSTRUCTION AND DEPARTMENTAL RESEARCH)

    Expenses $69,710

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

Listed in Part VII

  • Peter Kilpatrick

    EX-OFFICIO DIRECTOR/PRESIDENT

    Total calculated
    $681,341
    From this org
    $0
    From related orgs
    $625,749
    Other
    $55,592
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,673 related
    Bonus
    $0 + $51,218 related
    Other
    $0 + $6,858 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $21,092 related
    Filer's total
    $0 + $681,341 related

  • Robert M Specter Thru 102024

    EX-OFFICIO DIRECTOR/TREASURER

    Total calculated
    $524,367
    From this org
    $0
    From related orgs
    $470,148
    Other
    $54,219
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $463,651 related
    Bonus
    $0
    Other
    $0 + $6,497 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $19,719 related
    Filer's total
    $0 + $524,367 related

  • Rosoloc Henderson As 112024

    EX-OFFICIO DIRECTOR/TREASURER

    Total calculated
    $222,570
    From this org
    $0
    From related orgs
    $188,552
    Other
    $34,018
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,284 related
    Bonus
    $0 + $1,000 related
    Other
    $0 + $268 related
    Deferred
    $0 + $9,921 related
    Nontaxable benefits
    $0 + $24,097 related
    Filer's total
    $0 + $222,570 related

  • David Aaron Dominguez

    EX-OFFICIO DIRECTOR/PROVOST

    Total calculated
    $525,623
    From this org
    $0
    From related orgs
    $463,546
    Other
    $62,077
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,410 related
    Bonus
    $0 + $1,000 related
    Other
    $0 + $2,136 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $27,577 related
    Filer's total
    $0 + $525,623 related

  • Lawrence J Morris

    DIRECTOR

    Total calculated
    $373,293
    From this org
    $0
    From related orgs
    $337,525
    Other
    $35,768
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $333,212 related
    Bonus
    $0
    Other
    $0 + $4,313 related
    Deferred
    $0 + $33,280 related
    Nontaxable benefits
    $0 + $2,488 related
    Filer's total
    $0 + $373,293 related

  • John H Garvey

    FORMER PRESIDENT; CUA PROFESSOR

    Total calculated
    $182,575
    From this org
    $0
    From related orgs
    $178,939
    Other
    $3,636
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $50,373 related
    Bonus
    $0
    Other
    $0 + $128,566 related
    Deferred
    $0 + $2,637 related
    Nontaxable benefits
    $0 + $999 related
    Filer's total
    $0 + $182,575 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 4A
SEVERANCE WAS PAID TO JOHN GARVEY ON 01/10/2025, BY CATHOLIC UNIVERSITY OF AMERICA, IN THE AMOUNT OF $128,566. THIS AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III).
SCHEDULE J, PART I, LINE 3:
AN AFFILIATED ORGANIZATION USED THE FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDIES, AND BOARD OR COMPENSATION COMMITTEE APPROVAL IN ESTABLISHING COMPENSATION OF THE PRESIDENT.

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

No itemized grants to organizations on this return.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (2)

    T · SPLIT TRUST AGREEMENT · MD

  • CHARITABLE REMAINDER TRUST (3)

    T · SPLIT TRUST AGREEMENT · DC

Provenance

Return type
form_990
Tax year
2024
Filed
6 March 2026
IRS schema version
2024v5.5
Source object
202640659349301124

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