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← CATHOLIC COMMUNITY FOUNDATION FOR THE DIOCESE OF PHOENIX

Form 990 for tax year 2023

Filed by CATHOLIC COMMUNITY FOUNDATION FOR THE DIOCESE OF PHOENIX.

Totals

Total revenue
$8,876,470
Total expenses
$4,934,500
Contributions and grants received
$5,744,136
Grants paid
$3,400,768
Program service revenue
$1,140,067
Investment income
$1,992,267
Other revenue
$0
Total assets, end of year
$122,311,875
Total liabilities, end of year
$44,096,964
Net assets or fund balances, end of year
$78,214,911
Program services expenses (Part IX)
$3,656,100
Management and general expenses
$632,465
Fundraising expenses
$645,935
Program service expenses (Part III)
$3,656,100

Program services were 74.1% 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

    $5,744,136

  • 1g · Noncash contributions included above

    $597,254

  • 2a · Program service revenue: Administrative Fee

    total $1,140,067 · related or exempt $1,140,067

  • 3 · Investment income

    total $2,512,763 · excluded $2,512,763

  • 7a · Gross sales of assets other than inventory

    securities $33,807,534

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

    securities $34,328,030

  • 7c · Gain or loss

    securities -$520,496

  • 7d · Net gain or loss

    total -$520,496 · excluded -$520,496

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,100,305 · program services $3,100,305

  • 2 · Grants to domestic individuals

    total $300,463 · program services $300,463

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $443,082 · program services $80,425 · management and general $154,585 · fundraising $208,072

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $382,145 · program services $69,364 · management and general $133,325 · fundraising $179,456

  • 8 · Pension plan contributions

    total $85,719 · program services $15,559 · management and general $29,906 · fundraising $40,254

  • 9 · Other employee benefits

    total $115,199 · program services $20,474 · management and general $41,754 · fundraising $52,971

  • 10 · Payroll taxes

    total $55,487 · program services $10,072 · management and general $19,358 · fundraising $26,057

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $6,315 · management and general $6,315

  • 11c · Fees: accounting

    total $40,634 · management and general $40,634

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $26,768 · program services $1,950 · management and general $16,898 · fundraising $7,920

  • 12 · Advertising and promotion

    total $59,220 · program services $2,303 · management and general $13,270 · fundraising $43,647

  • 13 · Office expenses

    total $9,786 · program services $1,550 · management and general $6,358 · fundraising $1,878

  • 14 · Information technology

    total $14,804 · program services $2,687 · management and general $5,165 · fundraising $6,952

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $51,124 · program services $9,280 · management and general $17,836 · fundraising $24,008

  • 17 · Travel

    total $10,990 · program services $521 · management and general $2,232 · fundraising $8,237

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $6,449 · management and general $5,760 · fundraising $689

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $38,103 · program services $1,633 · management and general $32,245 · fundraising $4,225

  • 24a · Other expenses: Computer Software and Subscriptions

    total $49,340 · program services $427 · management and general $48,811 · fundraising $102

  • 24b · Other expenses: Sponsorships

    total $35,927 · program services $35,927

  • 24c · Other expenses: Furniture, Fixtures, Equipment

    total $18,159 · program services $410 · management and general $17,201 · fundraising $548

  • 24d · Other expenses: Donor Meetings and Appreciation

    total $16,778 · management and general $6,947 · fundraising $9,831

  • 24e · All other expenses

    total $67,703 · program services $2,750 · management and general $33,865 · fundraising $31,088

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $156,126 · end of year $264,361

  • 3 · Pledges and grants receivable

    beginning of year $48,658 · end of year $35,138

  • 9 · Prepaid expenses and deferred charges

    end of year $64,667

  • 10c · Land, buildings and equipment, net

    beginning of year $48,000

  • 11 · Investments: publicly traded securities

    beginning of year $109,509,885 · end of year $117,941,043

  • 12 · Investments: other securities

    beginning of year $3,602,909 · end of year $3,731,132

  • 15 · Other assets

    beginning of year $89,777 · end of year $275,534

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,561 · end of year $119,273

  • 18 · Grants payable

    beginning of year $127,000 · end of year $69,075

  • 19 · Deferred revenue

    end of year $126,728

  • 21 · Escrow or custodial account liability

    beginning of year $44,098,748 · end of year $41,379,742

  • 25 · Other liabilities

    beginning of year $1,193,723 · end of year $2,402,146

  • 27 · Net assets without donor restrictions

    beginning of year $22,284,008 · end of year $26,356,319

  • 28 · Net assets with donor restrictions

    beginning of year $45,646,315 · end of year $51,858,592

Mission and programs · 2023

Mission

The Catholic Community Foundation is an independent 501c3 and a recognized Canonical entity that encourages compassionate charitable giving to provide sustainable support for those who serve our community.

  • Donor-Advised Fund Program - The Catholic Community Foundation CCF, or the Foundation offers both a traditional donor-advised fund DAF and a complimentary DAF option, allowing donors to choose their preferred investment strategy. The traditional DAF is invested in the market, while the complimentary DAF remains uninvested. A key feature of CCFs DAF program is that all funds are invested in Catholic-compliant portfolios that align with Catholic Social Teaching, as outlined by the United States Conference of Catholic Bishops USCCB. This program upholds Catholic values by enabling grants to all eligible organizations that adhere to these teachings, providing a diverse array of options for philanthropic support.

    Expenses $2,069,051 · Grants $2,069,051 · Revenue $76,619

  • Endowment Program -The Catholic Community Foundation professionally manages permanent, temporary, and quasi-endowments for nonprofits and individuals as a core service offering. All endowments are invested in a professionally managed, commingled investment pool that aligns with Catholic Social Teaching, as prescribed by the United States Conference of Catholic Bishops USCCB. This investment strategy is 99 Catholic screened, and all proxy votes are cast in accordance with Catholic values. The Foundation acts as a fiduciary to ensure the endowment lasts in perpetuity and complies with the regulations of the Uniform Prudent Management of Institutional Funds Act UPMIFA. The Foundation also offers an endowment building program for nonprofits called endowment drives, which utilize matching funds to encourage donors to learn about the purpose and uses of an endowment while contributing to the funds growth for the future. The Foundation has a 1 million matching program to support permanent endowments within the community, having matched nearly 4 million in the past five fiscal years.

    Expenses $894,019 · Grants $886,931 · Revenue $670,926

  • Scholarship Programs - The Catholic Community Foundation provides scholarship opportunities for students attending Catholic elementary and high schools within the Diocese of Phoenix, as well as for post-secondary students. The Foundation offers a service-based scholarship, known as the Christian Service Award, alongside a needs-based tuition assistance program, known as the Catholic Community Foundation Scholarship. Additionally, the Foundation allows for named and memorial scholarships, which can be detailed and specific or generic in nature. All applications are evaluated by an independent volunteer committee. In fiscal year 2024, the Foundation awarded 300,463 in scholarship funds to 130 students across 8 Catholic elementary schools, 8 Catholic high schools, and 9 post-secondary institutions.

    Expenses $300,463 · Grants $300,463

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Carabajal

    CEO

    Total calculated
    $245,823
    From this org
    $228,141
    From related orgs
    $0
    Other
    $17,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,425
    Bonus
    $36,500
    Other
    $1,217
    Deferred
    $2,071
    Nontaxable benefits
    $15,611
    Filer's total
    $245,824

  • Kyle Felix

    COO/CFO

    Total calculated
    $194,809
    From this org
    $177,627
    From related orgs
    $0
    Other
    $17,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,138
    Bonus
    $25,500
    Other
    $989
    Deferred
    $1,679
    Nontaxable benefits
    $15,503
    Filer's total
    $194,809

  • Bishop John Dolan

    Bishop

    Total calculated
    $0
    Hours/week
    1

  • Kevin Camberg

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Gary Naquin

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kevin Boudreau

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Brett Johnson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Fr John Muir

    Vicar General

    Total calculated
    $0
    Hours/week
    1

  • Karen Abraham

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Maria Chavira

    Chancellor, Ex-Officio

    Total calculated
    $0
    Hours/week
    1

  • F Michael Geddes

    Lifetime Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cathy Bergmann

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Fr John Bonavitacola

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Chris Campisano

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Janine Campo

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ann Couch

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Deb Frere

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sr Mary Jordan Hoover

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Fr Matthew Lowry

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Connie Mariano

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lisa Reilly Payton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Scheller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tony Tanner

    Board 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 7
Incentive payments are given based on meeting annual organizational goals and are at the discretion of the board of directors.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Exeter Partners LP

    Unrelated · Investment · CA · 97% owned · share of income $73,000 · share of assets $1,680,000

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349307175

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