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← SCHOLARSHIP GRANTING ORGANIZATION OF CATHOLIC COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by SCHOLARSHIP GRANTING ORGANIZATION OF CATHOLIC COMMUNITY FOUNDATION.

Totals

Total revenue
$4,568,833
Total expenses
$123,433
Contributions and grants received
$4,564,899
Grants paid
$71,208
Program service revenue
$0
Investment income
$3,934
Other revenue
$0
Total assets, end of year
$4,445,400
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,445,400
Program services expenses (Part IX)
$71,208
Management and general expenses
$0
Fundraising expenses
$52,225
Program service expenses (Part III)
$71,208

Program services were 57.7% 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

    $4,564,899

  • 3 · Investment income

    total $4,032 · excluded $4,032

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

    securities $98

  • 7c · Gain or loss

    securities -$98

  • 7d · Net gain or loss

    total -$98 · excluded -$98

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $71,208 · program services $71,208

  • 13 · Office expenses

    total $381 · fundraising $381

  • 24a · Other expenses: PUBLIC RELATIONS & EVEN

    total $46,342 · fundraising $46,342

  • 24b · Other expenses: CREATIVE SERVICES

    total $2,550 · fundraising $2,550

  • 24c · Other expenses: PRINTING & POSTAGE

    total $2,352 · fundraising $2,352

  • 24d · Other expenses: COMMUNICATION & WEBSITE

    total $600 · fundraising $600

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $4,402,732

  • 4 · Accounts receivable

    beginning of year $0 · end of year $42,668

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $4,445,400

Mission and programs · 2022

Mission

THE ANGEL SCHOLARSHIP FUND (ASF) SERVES AS THE SCHOLARSHIP GRANTING ORGANIZATION OF THE CATHOLIC COMMUNITY FOUNDATION. ITS MISSION IS TO PROMOTE THE STATE OF OHIO SCHOLARSHIP TAX CREDIT PROGRAM WITH ALL WHO SUPPORT CATHOLIC EDUCATION IN THE DIOCESE OF CLEVELAND; AND AWARD ACADEMIC SCHOLARSHIPS TO STUDENTS ATTENDING CATHOLIC PRIMARY AND SECONDARY SCHOOLS (K-12), WITH A PRIORITIZATION OF AWARDING SCHOLARSHIPS TO LOW-INCOME STUDENTS.

Activities or mission (Part I)

OPERATE A SCHOLARSHIP GRANTING ORGANIZATION TO SOLICIT CONTRIBUTIONS AND AWARD ACADEMIC SCHOLARSHIPS TO PRIMARILY LOW-INCOME STUDENTS ATTENDING CATHOLIC PRIMARY AND SECONDARY SCHOOLS IN THE DIOCESE OF CLEVELAND

  • OPERATION OF A SCHOLARSHIP GRANTING ORGANIZATION TO AWARD ACADEMIC SCHOLARSHIPS TO LOW-INCOME STUDENTS TO ATTEND CATHOLIC PRIMARY AND SECONDARY SCHOOLS. THIS WAS THE INITIAL YEAR OF OPERATIONS FOR THE FUND AFTER THE STATE OF OHIO ALLOWED FOR THE CREATION OF SCHOLARSHIP GRANTING ORGANIZATIONS AND THE ASSOCIATED OHIO INCOME TAX CREDIT.

    Expenses $71,208 · Grants $71,208

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patrick Grace

    PRESIDENT

    Total calculated
    $222,505
    From this org
    $0
    From related orgs
    $193,136
    Other
    $29,369
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,136 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,688 related
    Nontaxable benefits
    $0 + $20,681 related
    Filer's total
    $0 + $222,505 related

  • Justin Turk

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Lori Conley

    SECRETARY

    Total calculated
    $27,411
    From this org
    $0
    From related orgs
    $26,144
    Other
    $1,267
    Hours/week
    1 + 40 related

  • Fr Don Oleksiak

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank O'Linn

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Schuler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343199349304369

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