Form 990 for tax year 2023
Filed by SCHOLARSHIP GRANTING ORGANIZATION OF CATHOLIC COMMUNITY FOUNDATION.
Totals
- Total revenue
- $5,291,512
- Total expenses
- $3,745,438
- Contributions and grants received
- $5,100,265
- Grants paid
- $3,549,427
- Program service revenue
- $0
- Investment income
- $191,247
- Other revenue
- $0
- Total assets, end of year
- $6,110,860
- Total liabilities, end of year
- $119,386
- Net assets or fund balances, end of year
- $5,991,474
- Program services expenses (Part IX)
- $3,549,427
- Management and general expenses
- $0
- Fundraising expenses
- $196,011
- Program service expenses (Part III)
- $3,549,427
Program services were 94.8% 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
$5,100,265
-
3 · Investment income
total $191,247 · excluded $191,247
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,549,427 · program services $3,549,427
-
11g · Fees: other
total $83,500 · fundraising $83,500
-
24a · Other expenses: CULTIVATION&COMMUNICATI
total $99,415 · fundraising $99,415
-
24b · Other expenses: PRINTING & POSTAGE
total $13,096 · fundraising $13,096
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,402,732 · end of year $6,110,860
-
4 · Accounts receivable
beginning of year $42,668 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $119,386
-
27 · Net assets without donor restrictions
beginning of year $4,445,400 · end of year $5,991,474
Mission and programs · 2023
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.
Expenses $3,549,427 · Grants $3,549,427
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patrick GracePATRICK GRACE
PRESIDENT
- Total calculated
- $227,008
- From this org
- $0
- From related orgs
- $192,524
- Other
- $34,484
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $192,524 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $9,047 related
- Nontaxable benefits
- $0 + $25,437 related
- Filer's total
- $0 + $227,008 related
-
Justin TurkJUSTIN TURK
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Lori ConleyLORI CONLEY
SECRETARY
- Total calculated
- $64,321
- From this org
- $0
- From related orgs
- $59,211
- Other
- $5,110
- Hours/week
- 1 + 40 related
-
Fr Don OleksiakFR DON OLEKSIAK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank O'LinnFRANK O'LINN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andy SchulerANDY SCHULER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian HeskampBRIAN HESKAMP
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fred RobertsFRED ROBERTS
MEMBER
- Total calculated
- $142,619
- From this org
- $0
- From related orgs
- $110,384
- Other
- $32,235
- Hours/week
- 1 + 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. 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.
-
501(C)(3) · FOSTER FAITH-BASED STEWARDSHIP IN THE COMMUNITY · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413139349303346
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