Overview
What is Catholic Community Foundation Of Los Angeles?
The Catholic Community Foundation of Los Angeles is a nonprofit organization headquartered at 3440 Wilshire Boulevard in Los Angeles, California (CA, 90010). With a team of 28 employees, their mission revolves around empowering charitable individuals and entities by providing philanthropy management solutions that uphold Catholic values. Grants are distributed from various donor-advised funds to support Catholic inner city school improvements, scholarship programs, and youth sports in underserved areas. The foundation offers opportunities for charitable organizations to invest in funds that are managed by them. Their core values include preserving the sanctity of life, combating poverty, and bridging societal divisions, particularly in complex and multicultural societies like Southern California.
Official website here: www.catholiccf-la.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Catholic Community Foundation Of Los Angeles holds a strong Four-Star rating from Charity Navigator, indicating high accountability and financial health. The organization excels particularly in its Accountability & Finance score, which reflects its commitment to transparency and good governance practices. For instance, it boasts 100% independent board members and has effective oversight mechanisms in place, ensuring that donor funds are managed responsibly.
Strengths of the foundation include a high program expense ratio of 96.33%, suggesting that a significant portion of its expenditures directly supports its charitable programs. The absence of any material diversion of assets and the presence of comprehensive policies regarding conflict of interest, whistleblower protections, and document management further reinforce its credibility. Additionally, the foundation actively shares its financial documents and board meeting minutes on its website, promoting transparency.
Despite its strengths, no significant limitations were identified in the available data, pointing to the foundation's overall solid performance in managing its resources and fulfilling its mission. This strong rating reflects positively on its operational integrity and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Community Foundation Of Los Angeles legitimate?
Catholic Community Foundation Of Los Angeles is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Community Foundation Of Los Angeles 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: $1,382,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $726,829
For more financial information, click here
Official website here: www.catholiccf-la.org
What is the mission statement of Catholic Community Foundation Of Los Angeles?
The Catholic Community Foundation of Los Angeles empowers individuals and organizations by providing professional philanthropy management solutions. Their mission is to help clients develop and sustain their charitable giving in alignment with Catholic values. The foundation offers opportunities for charitable organizations to invest in managed funds. Grant distributions and endowments from the foundation support the mission of the Roman Catholic Church globally. Values upheld by the foundation include respecting the dignity of life for all, working to eliminate poverty, and bridging divisions in complex, multicultural societies.
Official website here: www.catholiccf-la.org
What is the revenue of Catholic Community Foundation Of Los Angeles?
Catholic Community Foundation Of Los Angeles's revenue in 2023 was $29,367,539.
Official website here: www.catholiccf-la.org
Who are the executives of Catholic Community Foundation Of Los Angeles and what are their salaries?
The average compensation at Catholic Community Foundation Of Los Angeles during 2023 was $84,379. There are 25 employees and 19 volunteers at Catholic Community Foundation Of Los Angeles.
Here are 26 key members and their salaries:
- Compensation: $313,740
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- Other: $2,499
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- Other: $20,397
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- Other: $20,334
- Compensation: $184,443
- Related: $0
- Other: $13,183
- Compensation: $151,468
- Related: $0
- Other: $12,578
- Compensation: $133,015
- Related: $0
- Other: $6,995
- Compensation: $43,407
- Related: $0
- Other: $12,199
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Official website here: www.catholiccf-la.org
Where can I find the form 990 for Catholic Community Foundation Of Los Angeles?
Catholic Community Foundation Of Los Angeles's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.catholiccf-la.org
Learn more at the official website: www.catholiccf-la.org
Mission Statement of Catholic Community Foundation Of Los Angeles
The Catholic Community Foundation of Los Angeles, a philanthropic organization, strives to empower individuals and entities by providing expert philanthropy management solutions. This mission enables clients to develop and sustain their charitable giving in alignment with Catholic values. The Foundation offers an additional opportunity for charitable organizations to invest in funds managed by the organization itself.
Through grants and distributions from endowments and designated funds, the Catholic Community Foundation of Los Angeles supports the extensive mission of the Roman Catholic Church around the world. The organization's core values include upholding the dignity of life for all, working towards poverty elimination, and addressing the barriers that divide people in complex and multicultural societies such as Southern California. By leveraging its professional philanthropy management expertise, the Foundation aims to create lasting change and positively impact individuals and communities, all in accordance with Catholic principles.
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Impact
October, 2024
The Catholic Community Foundation of Los Angeles significantly impacts the local community by empowering individuals and organizations to engage in philanthropy that resonates with Catholic values. Through its various donor advised funds, the Foundation channels support into vital education initiatives, providing grants aimed at enhancing Catholic inner-city schools, funding scholarship programs, and promoting youth sports in underserved areas.
By managing philanthropic efforts professionally, the Foundation equips charitable entities with the resources to sustain and grow their initiatives. It facilitates investment in funds that align with the mission of the Roman Catholic Church, ensuring that support reaches those who need it most. The Foundation's commitment to uphold the dignity of life, combat poverty, and bridge societal gaps reinforces its role as a catalyst for positive change in the diverse and complex environment of Southern California.
This information is meant to be a general summary of Catholic Community Foundation Of Los Angeles. 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 2023.
- Investment Income: $2,544,501
- Program Service Revenue: $2,295,847
- Gross Receipts: $84,765,217
Assets and Liabilities:
- Total Assets: $295,568,632
- Total Liabilities: $201,270,610
- Net Assets: $94,298,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND MAINTENANCE FEES
Revenue
$2,295,847
Organization Details
Founding Year
2014
Principal Officer
Kathleen H Anderson
Website
www.catholiccf-la.orgNTEE Category
Code: X20 - Religion related
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