Form 990 for tax year 2024
Filed by CATHOLIC FOUNDATION FOR THE DIOCESE OF DAVENPORT.
Totals
- Total revenue
- $1,565,034
- Total expenses
- $9,058,536
- Contributions and grants received
- $1,086,666
- Grants paid
- $7,442,785
- Program service revenue
- $0
- Investment income
- $478,368
- Other revenue
- $0
- Total assets, end of year
- $24,866,377
- Total liabilities, end of year
- $431,333
- Net assets or fund balances, end of year
- $24,435,044
- Program services expenses (Part IX)
- $8,704,353
- Management and general expenses
- $348,505
- Fundraising expenses
- $5,678
- Program service expenses (Part III)
- $8,704,353
Program services were 96.1% 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.
-
1f · All other contributions, gifts and grants
$1,086,666
-
3 · Investment income
total $415,041 · excluded $415,041
-
7a · Gross sales of assets other than inventory
securities $8,047,159
-
7b · Less cost or other basis and sales expenses
securities $7,983,832
-
7c · Gain or loss
securities $63,327
-
7d · Net gain or loss
total $63,327 · excluded $63,327
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,442,785 · program services $7,442,785
-
5 · Compensation of officers, directors and key employees
total $50,670 · management and general $50,670
-
11g · Fees: other
total $50,878 · management and general $50,878
-
23 · Insurance
total $569 · management and general $569
-
24a · Other expenses: CAMPAIGN EXPENSES
total $1,261,568 · program services $1,261,568
-
24b · Other expenses: BAD DEBT
total $169,955 · management and general $169,955
-
24c · Other expenses: MISCELLANEOUS OPERATING
total $54,107 · management and general $54,107
-
24d · Other expenses: CREDIT CARD/BANKING FEE
total $22,326 · management and general $22,326
-
24e · All other expenses
total $5,678 · fundraising $5,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,909,268 · end of year $3,271,126
-
3 · Pledges and grants receivable
beginning of year $6,323,767 · end of year $2,212,131
-
12 · Investments: other securities
beginning of year $20,055,771 · end of year $19,383,120
-
17 · Accounts payable and accrued expenses
beginning of year $9,308 · end of year $2,951
-
18 · Grants payable
beginning of year $247,081 · end of year $428,382
-
27 · Net assets without donor restrictions
beginning of year $12,877,218 · end of year $14,066,007
-
28 · Net assets with donor restrictions
beginning of year $17,155,199 · end of year $10,369,037
Mission and programs · 2024
Mission
THE CATHOLIC FOUNDATION ENCOURAGES, SOLICITS, ACCEPTS AND MANAGES GIFTS FROM INDIVIDUALS IN ORDER TO FURTHER STEWARDSHIP AND DISTRIBUTES INCOME SO AS TO ADVANCE THE PRIORITIES OF THE DIOCESE OF DAVENPORT AND ITS ENTITIES ACCORDING TO GOSPEL VALUES.
-
THE FOUNDATION GRANTS MONEY TO DIFFERENT DIOCESAN PARISHES, SCHOOLS AND THE DIOCESAN HEADQUARTERS TO ASSIST WITH THEIR OPERATING EXPENSES.
Expenses $8,704,353 · Grants $7,442,785
As filed on the 2024 return.
Listed in Part VII
-
Jean BallingerJEAN BALLINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris KabatCHRIS KABAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill McNallyBILL MCNALLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fr Tom HennenFR TOM HENNEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jerry KedleyJERRY KEDLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bishop WalshBISHOP WALSH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John AndersonJOHN ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas TallmanTHOMAS TALLMAN
TREASURER
- Total calculated
- $23,850
- From this org
- $19,080
- From related orgs
- $0
- Other
- $4,770
- Hours/week
- 6
-
Jennifer PraetJENNIFER PRAET
SECRETARY
- Total calculated
- $26,819
- From this org
- $21,455
- From related orgs
- $0
- Other
- $5,364
- Hours/week
- 10
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
-
PRIEST AID SOCIETY- DIOCESE OF DAVENPORT
$6,000,000
UPON THIS ROCK CAMPAIGN DESIGNATION
-
$774,388
SEE ABOVE
-
$595,682
UPON THIS ROCK CAMPAIGN
-
SEE ABOVE
-
ASSUMPTION HIGH SCHOOL
$9,224
80 PARISHES WILL RECEIVE VARIOUS AMOUNTS OF GRANTS. THERE ARE SIGNIFICIANT NEEDS IN MANY PARISHES THROUGH OUT THE DIOCESE. THE NEEDS OF THE PARISHES MAY INCLUDE BUILDING EXPANSION, REPAIRS AND RENOVATIONS, PARISH ENDOWMENTS, DEBT RELIEF, OR A BASE FUNDING FOR PARISH MINISTRIES. SCHOOLS WILL RECEIVE A SMALL PERCENTAGE OF THE ASSETS OF THE FOUNDATION ON A PER STUDENT BASIS TO ASSIST SCHOOLS WITH OPERATING EXPENSES.
-
ST PAUL THE APOSTLE SCHOOL OF DAVENPORT IOWA
$8,413
SEE ABOVE
-
OUR LADY OF VICTORY CHURCH OF DAVENPORT IOWA
$8,028
SEE ABOVE
-
$7,663
SEE ABOVE
-
ALL SAINTS CATHOLIC SCHOOL
$7,642
THESE FUNDS ARE FOR THE DAILY OPERATIONS OF THE DIOCESE.
-
$6,669
SEE ABOVE
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 18 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202632329349300903
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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