Form 990 for tax year 2024
Filed by INDEPENDENT CATHOLIC FOUNDATION.
Totals
- Total revenue
- $2,106,432
- Total expenses
- $2,138,109
- Contributions and grants received
- $732,084
- Grants paid
- $0
- Program service revenue
- $415,899
- Investment income
- $952,180
- Other revenue
- $6,269
- Total assets, end of year
- $44,736,205
- Total liabilities, end of year
- $2,066,917
- Net assets or fund balances, end of year
- $42,669,288
- Program services expenses (Part IX)
- $1,792,557
- Management and general expenses
- $254,485
- Fundraising expenses
- $91,067
- Program service expenses (Part III)
- $1,792,557
Program services were 83.8% 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
$732,084
-
2a · Program service revenue: FOUNDATION FEES
total $415,899 · related or exempt $415,899
-
3 · Investment income
total $952,180 · related or exempt $952,180
-
11a · Other revenue: MISCELLANEOUS INCOME
total $6,269 · related or exempt $6,269
-
11e · Other revenue, total
$6,269
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $107,645 · management and general $69,969 · fundraising $37,676
-
7 · Other salaries and wages
total $74,280 · management and general $58,280 · fundraising $16,000
-
8 · Pension plan contributions
total $5,176 · management and general $3,630 · fundraising $1,546
-
9 · Other employee benefits
total $16,800 · management and general $13,860 · fundraising $2,940
-
10 · Payroll taxes
total $15,628 · management and general $11,105 · fundraising $4,523
-
11b · Fees: legal
total $9,363 · management and general $9,363
-
11c · Fees: accounting
total $12,000 · management and general $12,000
-
11e · Fees: professional fundraising services
total $2,000 · fundraising $2,000
-
11g · Fees: other
total $1,125 · management and general $1,125
-
12 · Advertising and promotion
total $26,382 · fundraising $26,382
-
13 · Office expenses
total $49,880 · management and general $49,880
-
16 · Occupancy
total $15,600 · management and general $15,600
-
19 · Conferences, conventions and meetings
total $1,858 · management and general $1,858
-
22 · Depreciation, depletion and amortization
total $792 · management and general $792
-
23 · Insurance
total $7,023 · management and general $7,023
-
24a · Other expenses: DISTR FROM ENDOWMENT
total $1,715,655 · program services $1,715,655
-
24b · Other expenses: GRANTS / SPONSORSHIPS
total $76,902 · program services $76,902
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $44,854 · end of year $66,348
-
2 · Savings and temporary cash investments
beginning of year $241,744 · end of year $264,702
-
4 · Accounts receivable
beginning of year $32,978 · end of year $36,999
-
9 · Prepaid expenses and deferred charges
beginning of year $9,219 · end of year $13,641
-
10a · Land, buildings and equipment: cost or other basis
$18,773
-
10b · Land, buildings and equipment: accumulated depreciation
$15,117
-
10c · Land, buildings and equipment, net
beginning of year $2,002 · end of year $3,656
-
11 · Investments: publicly traded securities
beginning of year $41,324,348 · end of year $44,350,859
-
17 · Accounts payable and accrued expenses
beginning of year $19,065 · end of year $19,156
-
25 · Other liabilities
beginning of year $1,985,664 · end of year $2,047,761
-
27 · Net assets without donor restrictions
beginning of year $1,847,503 · end of year $2,455,273
-
28 · Net assets with donor restrictions
beginning of year $37,802,913 · end of year $40,214,015
Mission and programs · 2024
Mission
TO PROVIDE FINANCIAL BENEFITS PRIMARILY TO CATHOLIC NONPROFIT ORGANIZATIONS IN THE UNITED STATES WITH EMPHASIS ON THOSE WITHIN THE TERRITORY OF THE ROMAN CATHOLIC DIOCESE OF ALTOONA-JOHNSTOWN
-
ENDOWMENT DISTRIBUTIONS FOR CEMETERIES, SCHOLARSHIPS AND OTHER MINISTERIAL ENDEAVORS
Expenses $1,792,557 · Revenue $415,899
As filed on the 2024 return.
Listed in Part VII
-
C RingkampC RINGKAMP
PRESIDENT /
- Total calculated
- $118,791
- From this org
- $107,645
- From related orgs
- $0
- Other
- $11,146
- Hours/week
- 40
-
A DaltonA DALTON
BOARD MEMBER
- Total calculated
- $0
-
J FortunatoJ FORTUNATO
BOARD MEMBER
- Total calculated
- $0
-
J Lehman JrJ LEHMAN JR
BOARD MEMBER
- Total calculated
- $0
-
J Stephens JrJ STEPHENS JR
BOARD MEMBER
- Total calculated
- $0
-
M LiebM LIEB
BOARD MEMBER
- Total calculated
- $0
-
M LingleM LINGLE
BOARD MEMBER
- Total calculated
- $0
-
J MartellaJ MARTELLA
BOARD MEMBER
- Total calculated
- $0
-
T SongerT SONGER
BOARD MEMBER
- Total calculated
- $0
-
R StellabotteR STELLABOTTE
BOARD MEMEBE
- Total calculated
- $0
-
B WardB WARD
BOARD MEMBER
- Total calculated
- $0
-
R AskeyR ASKEY
TREASURER
- Total calculated
- $0
-
T McAnenyT MCANENY
BOARD VICE C
- Total calculated
- $0
-
R MusarR MUSAR
SECRETARY
- Total calculated
- $0
-
B StaskoB STASKO
BOARD CHAIR
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 December 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533579349301458
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