Overview
What is Catholic Charities Foundation 61885016?
Catholic Charities Foundation 61885016 is a nonprofit organization situated in Spokane, Washington, with an address at 12 E 5th Avenue. The foundation's primary role is to manage investments contributed to it, benefiting Catholic Charities of Spokane. It monitors investment activities for funds held on behalf of Catholic Charities of Spokane and distributes these investments to their intended recipients periodically. As of December 31, 2022, the foundation had $2,199,273 in assets under management. During the year ending December 31, 2022, the foundation made distributions totaling $330,743. The foundation's mission is to stimulate gifts from private sources and secure grants from the state or federal government, solely for the benefit of Catholic Charities.
Is Catholic Charities Foundation 61885016 legitimate?
Catholic Charities Foundation 61885016 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Charities Foundation 61885016 submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $121,251
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Catholic Charities Foundation 61885016?
The Catholic Charities Foundation 61885016 is established with the primary objective of encouraging donations and securing grants from private sources and government entities. The primary beneficiary of these funds is Catholic Charities. The foundation manages the investment of contributed funds to benefit Catholic Charities and monitors its investment activities. The invested funds are periodically distributed to the intended organizations. As of December 31, 2022, the foundation had $2,199,273 in assets under management and made distributions of $330,743 for the year ended December 31, 2022. In essence, the Catholic Charities Foundation's mission is to support Catholic Charities through fundraising and investment management, ultimately benefiting those in need.
Who is the CEO of Catholic Charities Foundation 61885016?
Ann Marie Byrd is the Chair of Catholic Charities Foundation 61885016.
What is the revenue of Catholic Charities Foundation 61885016?
Catholic Charities Foundation 61885016's revenue in 2022 was $187,669.
Who are the executives of Catholic Charities Foundation 61885016 and what are their salaries?
There 5 volunteers at Catholic Charities Foundation 61885016.
Here are 8 key members and their salaries:
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- Related: $96,798
- Other: $13,459
Where can I find the form 990 for Catholic Charities Foundation 61885016?
Catholic Charities Foundation 61885016's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catholic Charities Foundation 61885016
Catholic Charities Foundation 61885016 is established with the primary purpose of encouraging contributions from private sources and securing grants from state or federal governments. This foundation is dedicated to supporting Catholic Charities of Spokane exclusively, striving to enhance its resources and capabilities. The Catholic Charities Foundation manages the investment of funds contributed to it, ensuring their growth and eventual distribution to the intended organizations. As of December 31, 2022, the foundation had $2,199,273 in assets under management. In the year ending December 31, 2022, the foundation distributed $330,743 to the beneficiary organizations. The Catholic Charities Foundation plays a crucial role in supporting Catholic Charities of Spokane by carefully managing its investments and distributing the proceeds to advance its mission.
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Impact
October, 2024
Catholic Charities Foundation 61885016 plays a vital role in supporting and enhancing the mission of Catholic Charities of Spokane. By managing an investment program that oversees contributions, the foundation ensures that funds are strategically invested to maximize their impact. As of December 31, 2022, it managed $2,199,273 in assets, allowing for substantial distributions to support various initiatives.
In the year ending December 31, 2022, the foundation distributed $330,743 to Catholic Charities of Spokane, directly contributing to various human services that address community needs. The foundation not only serves as a financial steward but actively stimulates private gifts and secures grants from governmental sources, ensuring a continuous flow of resources to those in need. This sustainable financial support empowers Catholic Charities of Spokane to provide essential services, fostering community development and enhancing the quality of life for individuals and families in the region. Through its targeted financial management and commitment to the mission, the foundation significantly impacts the lives of those it serves.
This information is meant to be a general summary of Catholic Charities Foundation 61885016. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $157,813
- Gross Receipts: $1,215,031
Assets and Liabilities:
- Total Assets: $3,882,211
- Total Liabilities: $1,783,895
- Net Assets: $2,098,316
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Organization Details
Founding Year
2005
Phone
(509) 358-4250Principal Officer
Ann Marie Byrd
Main Address
12 E 5TH AVENUE, SPOKANE, WA, 99202
NTEE Category
Code: P20 - Human services
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