Overview
What is Catholic Community Foundation?
The Catholic Community Foundation is a charitable organization located at 140 East Ninth Street, Cleveland, OH 44114. Established in Cleveland, this foundation fosters faith-based stewardship within the community for spiritual, educational, and charitable benefits. In 2019, they initiated the "Heart of a Shepherd Campaign" to fund capital renovations for Borromeo Seminary and St. Mary Seminary, contribute to the priests' retirement fund, and offer assistance to newly ordained priests with outstanding student loans. With a team of 24 employees, the foundation serves an essential role in supporting the diocese's seminaries, providing opportunities for local parishes to raise funds for pressing needs, and contributing to the spiritual, educational, and charitable causes within the community.
Official website here: www.catholiccommunity.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Catholic Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in several key areas, including independent board membership and financial oversight, the organization demonstrates a solid commitment to transparency and responsible management. The foundation's high program expense ratio indicates that a significant portion of its funds is directed towards its charitable activities.
Strengths highlighted include the foundation's independent board, which consists entirely of independent members, and its effective financial practices, such as a commendable fundraising efficiency ratio. Additionally, the foundation has no reported material diversion of assets, underscoring its financial integrity. These factors contribute to the overall positive perception of the organization within the nonprofit sector.
On the other hand, while the organization's financial metrics are robust, the summary does not provide specific details about the programs and services offered or their impact in the community. Therefore, potential donors and supporters may want to seek additional information regarding the foundation's direct contributions to its mission and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Community Foundation legitimate?
Catholic Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Community Foundation 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: $222,505
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,426,196
For more financial information, click here
Official website here: www.catholiccommunity.org
What is the mission statement of Catholic Community Foundation?
The Catholic Community Foundation's mission is focused on fostering faith-based stewardship in the community, bringing about spiritual, educational, and charitable benefits for all. In 2019, the foundation launched the "Heart of a Shepherd Campaign" to address the urgent need for capital renovations of Borromeo and St. Mary Seminaries and contribute to the priests' retirement fund. Additionally, the campaign aimed to provide relief to newly ordained priests with student loans, allowing parishes across the diocese to raise funds for local needs. With only 30 dioceses in the US having their own free-standing seminaries, the foundation supports 81 seminarians at these institutions.
Official website here: www.catholiccommunity.org
Who is the CEO of Catholic Community Foundation?
Patrick J Grace is the Chair of Catholic Community Foundation.
Official website here: www.catholiccommunity.org
What is the revenue of Catholic Community Foundation?
Catholic Community Foundation's revenue in 2022 was $14,298,495.
Official website here: www.catholiccommunity.org
Who are the executives of Catholic Community Foundation and what are their salaries?
The average compensation at Catholic Community Foundation during 2022 was $68,696. There are 24 employees and 25 volunteers at Catholic Community Foundation.
Here are 34 key members and their salaries:
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Official website here: www.catholiccommunity.org
Where can I find the form 990 for Catholic Community Foundation?
Catholic Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catholiccommunity.org
Learn more at the official website: www.catholiccommunity.org
Mission Statement of Catholic Community Foundation
The Catholic Community Foundation, a mission-driven organization, strives to foster faith-based stewardship within the community for spiritual, educational, and charitable benefits for all. In line with this objective, the Foundation initiated the "Heart of a Shepherd Campaign" in 2019 to address the urgent need for capital renovations at Borromeo and St. Mary Seminaries. This campaign aims to bolster the priests' retirement fund and provide relief to newly ordained priests burdened with student loans. With only 30 dioceses in the United States operating their own free-standing seminaries, the Foundation's role in supporting these institutions becomes even more crucial.
Catering to the educational and spiritual development of future clergy, the Catholic Community Foundation supports 81 seminarians at Borromeo and St. Mary Seminaries. By funding these renovations, the Foundation ensures the continued provision of a conducive learning environment for the seminarians. Moreover, the campaign creates opportunities for local parishes across the diocese to raise funds for pressing community needs. Such initiatives not only strengthen the foundational elements of the Church but also promote community engagement and solidarity.
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Impact
October, 2024
Catholic Community Foundation significantly enhances the spirit of community and faith-based stewardship in Cleveland, Ohio. By prioritizing spiritual, educational, and charitable initiatives, the Foundation addresses pressing local needs while promoting a sense of belonging and responsibility among its members.
Through campaigns like the "Heart of a Shepherd," the Foundation responds to urgent needs within the diocese, including capital renovations of the Borromeo and St. Mary Seminaries, which are vital for the education and formation of future priests. This initiative acknowledges the unique status of these seminaries—only 30 of the 179 dioceses in the U.S. have their own free-standing seminary—underscoring the importance of sustaining these institutions for the growth of the Catholic community.
Additionally, the Foundation provides essential support to newly ordained priests who are grappling with student loans, thus relieving financial pressure and enabling them to focus on their pastoral responsibilities. By contributing to the priests' retirement fund, the Foundation ensures dignity and security for those who have dedicated their lives to serving the community.
The Foundation empowers parishes across the diocese to undertake fundraising efforts for local needs, fostering a collaborative spirit and encouraging active participation in community welfare. This approach not only strengthens individual parishes but also cultivates a broader sense of solidarity and shared mission within the Catholic community. Overall, Catholic Community Foundation plays a pivotal role in nurturing faith-driven stewardship and enhancing the social fabric of the region.
This information is meant to be a general summary of Catholic Community Foundation. 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: $1,078,785
- Program Service Revenue: $3,003,658
- Gross Receipts: $108,226,354
Assets and Liabilities:
- Total Assets: $207,218,161
- Total Liabilities: $62,852,864
- Net Assets: $144,365,297
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING FEE FROM CATH CHAR CO
Revenue
$2,267,496
FUNDRAISING FEE FROM CATHOLIC DIO
Revenue
$736,162
Organization Details
Founding Year
1999
Phone
(216) 696-6525Principal Officer
Patrick J Grace
Main Address
1404 EAST NINTH STREET, CLEVELAND, OH, 44114
Website
www.catholiccommunity.orgNTEE Category
Code: X11 - Religion related
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