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Nonprofiteer
← FOUNDATION OF THE CATHOLIC DIOCESE OF COLUMBUS

Form 990 for tax year 2022

Filed by FOUNDATION OF THE CATHOLIC DIOCESE OF COLUMBUS.

Totals

Total revenue
$28,160,540
Total expenses
$22,649,866
Contributions and grants received
$26,146,730
Grants paid
$19,681,949
Program service revenue
$1,582,991
Investment income
$365,413
Other revenue
$65,406
Total assets, end of year
$226,325,838
Total liabilities, end of year
$144,364,676
Net assets or fund balances, end of year
$81,961,162
Program services expenses (Part IX)
$20,373,456
Management and general expenses
$870,832
Fundraising expenses
$1,405,578
Program service expenses (Part III)
$20,373,456

Program services were 89.9% 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.

  • 1d · Related organizations

    $459,741

  • 1f · All other contributions, gifts and grants

    $25,686,989

  • 1g · Noncash contributions included above

    $8,841,933

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $976,130 · related or exempt $976,130

  • 2b · Program service revenue: APPEAL PROGRAM FEES

    total $606,861 · related or exempt $606,861

  • 3 · Investment income

    total $997,108 · unrelated business $8,027 · excluded $989,081

  • 6a · Gross rents

    real property $62,230

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $62,230

  • 6d · Net rental income or loss

    total $62,230 · excluded $62,230

  • 7a · Gross sales of assets other than inventory

    securities $43,635,486

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

    securities $44,267,181

  • 7c · Gain or loss

    securities -$631,695

  • 7d · Net gain or loss

    total -$631,695 · excluded -$631,695

  • 8a · Fundraising events: gross income

    $13,701

  • 8b · Fundraising events: direct expenses

    $10,525

  • 8c · Net income from fundraising events

    total $3,176 · excluded $3,176

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,681,949 · program services $19,681,949

  • 5 · Compensation of officers, directors and key employees

    total $488,119 · program services $24,406 · management and general $282,360 · fundraising $181,353

  • 7 · Other salaries and wages

    total $888,904 · program services $280,059 · management and general $116,840 · fundraising $492,005

  • 8 · Pension plan contributions

    total $26,409 · program services $9,730 · fundraising $16,679

  • 9 · Other employee benefits

    total $124,236 · program services $22,991 · management and general $22,520 · fundraising $78,725

  • 10 · Payroll taxes

    total $96,801 · program services $22,411 · management and general $25,315 · fundraising $49,075

  • 11b · Fees: legal

    total $66,882 · management and general $66,882

  • 11f · Fees: investment management

    total $24,737 · management and general $24,737

  • 11g · Fees: other

    total $354,355 · program services $15,120 · management and general $62,612 · fundraising $276,623

  • 12 · Advertising and promotion

    total $53,248 · fundraising $53,248

  • 13 · Office expenses

    total $137,234 · program services $9,242 · management and general $52,094 · fundraising $75,898

  • 14 · Information technology

    total $188,513 · program services $23,764 · management and general $70,595 · fundraising $94,154

  • 16 · Occupancy

    total $43,632 · program services $6,106 · management and general $15,814 · fundraising $21,712

  • 19 · Conferences, conventions and meetings

    total $107,373 · program services $75,878 · management and general $15,019 · fundraising $16,476

  • 20 · Interest

    total $5,209 · management and general $5,209

  • 22 · Depreciation, depletion and amortization

    total $92,775 · management and general $92,775

  • 23 · Insurance

    total $29,519 · management and general $12,500 · fundraising $17,019

  • 24a · Other expenses: TAXES & LICENSES

    total $5,560 · management and general $5,560

  • 24b · Other expenses: BAA PROGRAM EXPENSES

    total $167,529 · program services $167,529

  • 24c · Other expenses: CATHOLIC EVENT SPONSORS

    total $40,520 · program services $33,970 · fundraising $6,550

  • 24d · Other expenses: SPECIAL EVENTS

    total $25,590 · fundraising $25,590

  • 24e · All other expenses

    total $772 · program services $301 · fundraising $471

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,065,039 · end of year $31,067,359

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,250,972

  • 4 · Accounts receivable

    beginning of year $68,871 · end of year $170,322

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,101 · end of year $66,322

  • 10a · Land, buildings and equipment: cost or other basis

    $5,325,972

  • 10b · Land, buildings and equipment: accumulated depreciation

    $949,313

  • 10c · Land, buildings and equipment, net

    beginning of year $4,465,801 · end of year $4,376,659

  • 11 · Investments: publicly traded securities

    beginning of year $177,672,624 · end of year $188,660,050

  • 12 · Investments: other securities

    beginning of year $494,175 · end of year $449,995

  • 15 · Other assets

    beginning of year $332,948 · end of year $284,159

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,952 · end of year $25,624

  • 18 · Grants payable

    beginning of year $408,739 · end of year $283,570

  • 19 · Deferred revenue

    beginning of year $173,000 · end of year $168,000

  • 21 · Escrow or custodial account liability

    beginning of year $127,316,928 · end of year $140,803,082

  • 23 · Secured mortgages and notes payable

    beginning of year $306,925 · end of year $251,321

  • 25 · Other liabilities

    beginning of year $3,183,717 · end of year $2,833,079

  • 27 · Net assets without donor restrictions

    beginning of year $60,617,755 · end of year $65,257,309

  • 28 · Net assets with donor restrictions

    beginning of year $10,138,543 · end of year $16,703,853

Mission and programs · 2022

Mission

TO FINANCIALLY SUPPORT THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF THE CATHOLIC COMMUNITY.

Activities or mission (Part I)

TO FINANCIALLY SUPPORT THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.

  • THE CATHOLIC FOUNDATION INSPIRES PHILANTHROPY, INVESTS AND MANAGES THE ASSETS ENTRUSTED TO US, AND DISTRIBUTES GRANTS TO NONPROFIT ORGANIZATIONS IN CENTRAL OHIO AND THE UNITED STATES. 813 ORGANIZATIONS BENEFITED FROM THE 3,538 GRANTS MADE FROM THE FOUNDATION TOTALING $34,549,674 INCLUDING AGENCY GRANTS OF $14,867,725. THE FOUNDATION IS FORTUNATE TO WORK ALONGSIDE THE LEADERSHIP OF THESE ORGANIZATIONS TO INSPIRE PLANNED AND CURRENT GIFTS TO ENDOWMENTS, SCHOLARSHIPS AND DONOR ADVISED FUNDS. THIS YEAR, 68 NEW FUNDS WERE ESTABLISHED AND $46,976,755 WAS RAISED IN NEW GIFTS INCLUDING $20,830,025 IN AGENCY FUND CONTRIBUTIONS.

    Expenses $19,849,184 · Grants $19,681,949 · Revenue $976,130

  • THE FOUNDATION PUBLISHED AND DISTRIBUTED TWO NEWSLETTERS AND ONE ANNUAL REPORT THIS YEAR, WHICH PROMOTE THE OPPORTUNITIES TO BENEFIT THE CATHOLIC ORGANIZATIONS ABOUT WHICH OUR DONORS CARE THE MOST.

    Expenses $30,804

  • UNDER AN AGREEMENT, THE FOUNDATION IS COMPENSATED FOR PROVIDING CONSULTATION SERVICES TO THE DIOCESE ANNUAL APPEAL, WHICH SUPPORTS VARIOUS MINISTRIES OF THE DIOCESE OF COLUMBUS.

    Expenses $493,468 · Revenue $606,861

As filed on the 2022 return.

Listed in Part VII

  • Joel Oles

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James Ervin Jr Esq

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • William Keller

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Bradley Walters

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jennie Wilson

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Bringardner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kyle Dureska

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steven P Fields

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Fitzpatrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Flaherty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Franz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Haller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Denis Kigozi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Landes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mary T Leathley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kc McAllister

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steven Meier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Msgr Stephan J Moloney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robert H Morosky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Noll

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Verne Orr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lorena Ritchey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lori Wengerd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Cathy Murnane

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Gresh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Vonau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dolores Igel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bishop Earl Fernandes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Loren P Brown

    PRESIDENT AND CEO

    Total calculated
    $261,532
    From this org
    $240,922
    From related orgs
    $0
    Other
    $20,610
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $215,922
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,432
    Nontaxable benefits
    $12,178
    Filer's total
    $261,532

  • Steven Hagerdorn

    COO

    Total calculated
    $186,019
    From this org
    $160,895
    From related orgs
    $0
    Other
    $25,124
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,895
    Bonus
    $5,000
    Other
    $0
    Deferred
    $5,631
    Nontaxable benefits
    $19,493
    Filer's total
    $186,019

  • Scott Hartman

    V.P. DEVELOPMENT

    Total calculated
    $180,453
    From this org
    $155,517
    From related orgs
    $0
    Other
    $24,936
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,517
    Bonus
    $5,000
    Other
    $0
    Deferred
    $5,443
    Nontaxable benefits
    $19,493
    Filer's total
    $180,453

  • Andrea Pannell

    V.P. STEWARDSHIP

    Total calculated
    $133,480
    From this org
    $122,435
    From related orgs
    $0
    Other
    $11,045
    Hours/week
    45

  • Dan Kurth

    V.P. GRANTS & COMMUNITY IMPACT

    Total calculated
    $120,621
    From this org
    $116,542
    From related orgs
    $0
    Other
    $4,079
    Hours/week
    45

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 257 EAST BROAD LLC

    REAL ESTATE · OH · income $0 · assets $14,661

    Directly controlled by CATHOLIC FOUNDATION

  • ROSE WINDOW LLC

    REAL ESTATE · OH · income $0 · assets $168,000

    Directly controlled by CATHOLIC FOUNDATION

  • 250 PROGRESSIVE LLC

    REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by CATHOLIC FOUNDATION

  • CATHOLIC FOUNDATION TRUST

    INVEST · OH · income $0 · assets $0

    Directly controlled by CATHOLIC FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
22 March 2024
IRS schema version
2022v5.0
Source object
202440869349300819

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

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