Form 990 for tax year 2024
Filed by THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA.
Totals
- Total revenue
- $14,646,810
- Total expenses
- $13,530,421
- Contributions and grants received
- $10,313,898
- Grants paid
- $8,635,877
- Program service revenue
- $3,289,090
- Investment income
- $923,296
- Other revenue
- $120,526
- Total assets, end of year
- $56,261,736
- Total liabilities, end of year
- $15,292,107
- Net assets or fund balances, end of year
- $40,969,629
- Program services expenses (Part IX)
- $11,465,696
- Management and general expenses
- $1,031,114
- Fundraising expenses
- $1,033,611
- Program service expenses (Part III)
- $11,465,696
Program services were 84.7% 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
$10,313,898
-
2a · Program service revenue: PROGRAM CONTRACTS
total $3,289,090 · related or exempt $3,289,090
-
3 · Investment income
total $923,296 · excluded $923,296
-
11a · Other revenue: CFGP FUND SERVICE FEES
total $120,526 · related or exempt $120,526
-
11e · Other revenue, total
$120,526
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,635,877 · program services $8,635,877
-
5 · Compensation of officers, directors and key employees
total $1,064,133 · program services $532,066 · management and general $234,110 · fundraising $297,957
-
7 · Other salaries and wages
total $1,174,698 · program services $587,349 · management and general $258,433 · fundraising $328,916
-
8 · Pension plan contributions
total $39,474 · program services $19,737 · management and general $8,684 · fundraising $11,053
-
9 · Other employee benefits
total $174,905 · program services $87,453 · management and general $38,479 · fundraising $48,973
-
10 · Payroll taxes
total $230,965 · program services $115,483 · management and general $50,812 · fundraising $64,670
-
11b · Fees: legal
total $23,454 · program services $16,418 · management and general $3,518 · fundraising $3,518
-
11c · Fees: accounting
total $22,618 · program services $15,832 · management and general $3,393 · fundraising $3,393
-
11f · Fees: investment management
total $205,776 · management and general $205,776
-
11g · Fees: other
total $237,899 · program services $166,529 · management and general $35,685 · fundraising $35,685
-
12 · Advertising and promotion
total $86,681 · program services $60,677 · management and general $13,002 · fundraising $13,002
-
13 · Office expenses
total $113,879 · program services $56,941 · management and general $25,053 · fundraising $31,885
-
14 · Information technology
total $317,362 · program services $222,154 · management and general $47,604 · fundraising $47,604
-
16 · Occupancy
total $265,096 · program services $153,756 · management and general $39,764 · fundraising $71,576
-
17 · Travel
total $3,515 · program services $2,813 · management and general $351 · fundraising $351
-
19 · Conferences, conventions and meetings
total $3,098 · program services $2,478 · management and general $310 · fundraising $310
-
22 · Depreciation, depletion and amortization
total $14,391 · program services $8,346 · management and general $2,159 · fundraising $3,886
-
23 · Insurance
total $56,335 · program services $32,675 · management and general $8,450 · fundraising $15,210
-
24a · Other expenses: PRINTING AND POSTAGE
total $743,052 · program services $668,746 · management and general $37,153 · fundraising $37,153
-
24b · Other expenses: CATERING
total $32,947 · program services $23,063 · management and general $4,942 · fundraising $4,942
-
24c · Other expenses: OFFICE EQUIPMENT
total $24,510 · program services $12,255 · management and general $5,392 · fundraising $6,863
-
24d · Other expenses: BANK FEES
total $21,462 · program services $18,243 · management and general $3,219
-
24e · All other expenses
total $38,294 · program services $26,805 · management and general $4,825 · fundraising $6,664
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,204,851 · end of year $768,896
-
2 · Savings and temporary cash investments
beginning of year $2,283,053 · end of year $3,490,408
-
3 · Pledges and grants receivable
beginning of year $6,094,824 · end of year $4,429,883
-
4 · Accounts receivable
beginning of year $282,019 · end of year $231,597
-
10a · Land, buildings and equipment: cost or other basis
$155,413
-
10b · Land, buildings and equipment: accumulated depreciation
$119,992
-
10c · Land, buildings and equipment, net
beginning of year $44,393 · end of year $35,421
-
11 · Investments: publicly traded securities
beginning of year $39,285,161 · end of year $45,099,557
-
15 · Other assets
beginning of year $2,319,662 · end of year $2,205,974
-
17 · Accounts payable and accrued expenses
beginning of year $969,873 · end of year $623,209
-
25 · Other liabilities
beginning of year $13,514,104 · end of year $14,668,898
-
27 · Net assets without donor restrictions
beginning of year $25,234,665 · end of year $22,053,594
-
28 · Net assets with donor restrictions
beginning of year $11,795,321 · end of year $18,916,035
Mission and programs · 2024
Mission
THE CATHOLIC FOUNDATION OF GREATER PHILADELPHIA (CFGP) EXISTS TO BETTER THE MISSION OF THE CATHOLIC CHURCH FOR THE BETTERMENT OF THE LIVES OF PEOPLE. THE FOUNDATION PROVIDES DONORS AN AVENUE TO FULFILL THEIR CHARITABLE GOALS THROUGH THE SUPPORT OF PROJECTS, PROGRAMS, ORGANIZATIONS AND INITIATIVES.
-
PROVIDE DONORS AN AVENUE TO FULFILL THEIR CHARITABLE GOALS THROUGH THE SUPPORT OF PROJECTS, PROGRAMS, ORGANIZATIONS, AND INITIATIVES OF A CATHOLIC NATURE THAT RESPOND TO THEIR NEED TO LOVE AND SUPPORT OTHERS.
Expenses $11,465,696 · Grants $8,635,877 · Revenue $3,289,090
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Msgr Francis W BeachMSGR FRANCIS W BEACH
TRUSTEE EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Sean BerginSEAN BERGIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Reverand Eric BaneckerREVERAND ERIC BANECKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia A BrownCYNTHIA A BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph ChottJOSEPH CHOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard T ClarkRICHARD T CLARK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen LarkinKATHLEEN LARKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William P Curtis JrWILLIAM P CURTIS JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth EwellKENNETH EWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph JacoviniJOSEPH JACOVINI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bernard J Kelley JrBERNARD J KELLEY JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dan KervickDAN KERVICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Susan KimSUSAN KIM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph ManginiJOSEPH MANGINI
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Max E MercadoMAX E MERCADO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carlos MoreiraCARLOS MOREIRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John MullenJOHN MULLEN
TRUSTEE EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Archbishop Nelson J PerezARCHBISHOP NELSON J PEREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph L RoseJOSEPH L ROSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tammy TenagliaDR TAMMY TENAGLIA
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Alexander VaccaroDR ALEXANDER VACCARO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael A ValucciMICHAEL A VALUCCI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David WatsonDAVID WATSON
TRUSTEE EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Sarah O HanleySARAH O HANLEY
FORMER CEO
- Total calculated
- $311,907
- From this org
- $266,258
- From related orgs
- $0
- Other
- $45,649
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $266,258
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $45,649
- Filer's total
- $311,907
-
Kurt A GabbardKURT A GABBARD
CHIEF FINANCIAL OFFICER
- Total calculated
- $203,128
- From this org
- $169,150
- From related orgs
- $0
- Other
- $33,978
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,150
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $33,978
- Filer's total
- $203,128
-
Emily GambinoEMILY GAMBINO
CDO
- Total calculated
- $166,878
- From this org
- $152,173
- From related orgs
- $0
- Other
- $14,705
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,173
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,705
- Filer's total
- $166,878
-
Garret OwenGARRET OWEN
CAO
- Total calculated
- $200,864
- From this org
- $162,400
- From related orgs
- $0
- Other
- $38,464
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,400
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $38,464
- Filer's total
- $200,864
-
Ted QualliTED QUALLI
CEO
- Total calculated
- $51,416
- From this org
- $45,865
- From related orgs
- $0
- Other
- $5,551
- 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
None.
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
-
CHARITABLE
-
CATHOLIC SOCIAL SERVICES
$1,600,000
CHARITABLE
-
ARCHDIOCESE OF PHILADELPHIA OFFICE FOR FINANCIAL SERVICES
$324,000
CHARITABLE
-
$250,000
CHARITABLE
-
$214,000
CHARITABLE
-
VOCATION OFFICE FOR THE DIOCESAN PRIESTHOOD
$193,235
CHARITABLE
-
OUR LADY OF THE SACRED HEART PARISH
$180,000
CHARITABLE
-
$173,711
CHARITABLE
-
SAINT MARGARET CHURCH
$171,000
CHARITABLE
-
SAINT MATTHIAS PARISH
$129,784
CHARITABLE
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523109349303297
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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