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← CATHOLIC CHARITIES OF EASTERN VIRGINIA FOUNDATION INC

Form 990 for tax year 2023

Filed by CATHOLIC CHARITIES OF EASTERN VIRGINIA FOUNDATION INC.

Totals

Total revenue
$28,432
Total expenses
$65,345
Contributions and grants received
$0
Grants paid
$56,647
Program service revenue
$0
Investment income
$28,432
Other revenue
$0
Total assets, end of year
$1,361,106
Total liabilities, end of year
$304,882
Net assets or fund balances, end of year
$1,056,224
Program services expenses (Part IX)
$65,345
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$65,345

Program services were 100.0% 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.

  • 3 · Investment income

    total $28,385 · excluded $28,385

  • 7a · Gross sales of assets other than inventory

    securities $47

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

    securities $0

  • 7c · Gain or loss

    securities $47

  • 7d · Net gain or loss

    total $47 · excluded $47

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,647 · program services $56,647

  • 11f · Fees: investment management

    total $8,698 · program services $8,698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,581 · end of year $1,581

  • 2 · Savings and temporary cash investments

    beginning of year $72,202 · end of year $62,658

  • 12 · Investments: other securities

    beginning of year $1,197,602 · end of year $1,296,867

  • 25 · Other liabilities

    beginning of year $294,988 · end of year $304,882

  • 27 · Net assets without donor restrictions

    beginning of year $976,397 · end of year $1,056,224

Mission and programs · 2023

Mission

CATHOLIC CHARITIES OF EASTERN VIRGINIA FOUNDATION PROVIDES INVESTMENT PORTFOLIO MANAGEMENT FOR THE CONTROLLING ORGANIZATION CATHOLIC CHARITIES OF EASTERN VIRGINIA, INC. ON AN ANNUAL BASIS, THE FOUNDATION REVIEWS WITH THE CONTROLLING ORGANIZATION THE POTENTIAL NEED TO TRANSFER EARNINGS FOR USE IN PROGRAM SERVICES.

  • INVESTMENT PORTFOLIO MANAGEMENT FOR THE CONTROLLING ORGANIZATION CATHOLIC CHARITIES OF EASTERN VIRGINIA, INC.

    Expenses $65,345 · Grants $56,647

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

Listed in Part VII

  • Darrow Mead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fred Napolitano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stephen K Powell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Reda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Philip L Russo Jr

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Joyce Burns

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mary Fick

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $122,827
    From this org
    $0
    From related orgs
    $122,827
    Other
    $0
    Hours/week
    0.5 + 40 related

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

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
2023
Filed
10 February 2025
IRS schema version
2023v6.0
Source object
202520429349300107

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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