Overview
What is Catholic Community Foundation Of Minnesota?
The Catholic Community Foundation of Minnesota is a St. Paul-based nonprofit organization with a team of 26 dedicated individuals. Their mission is to financially support the spiritual, educational, and social needs within the Catholic community. Through inspired Catholic philanthropy, they manage and distribute charitable assets, facilitating planned and current gifts to endowments and donor-advised funds. In the past year, over 1,100 Catholic parishes, schools, and organizations have benefited from approximately 3,700 grants, totaling $24 million. The Foundation's activities aim to make a meaningful impact within the Catholic community.
Official website here: www.ccf-mn.org
What are the reviews and ratings of this charity?
94% rating from Charity Navigator indicates that the Catholic Community Foundation of Minnesota has achieved a Four-Star out of Four Star rating, reflecting a strong commitment to accountability and financial health. The organization has a high score in accountability measures, with all board members being independent and a robust audit and oversight committee in place.
The foundation demonstrates admirable financial management, with a program expense ratio of 82.31%, showcasing a focus on programmatic work rather than administrative costs. Additionally, the fundraising efficiency is noteworthy, costing only $0.04 to raise each dollar, highlighting effective fundraising strategies.
However, there are some areas for improvement, as the organization lacks a donor privacy policy on its website, which is noted in the ratings. Overall, the Catholic Community Foundation of Minnesota appears to be a reliable and well-managed nonprofit, dedicated to transparency and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Catholic Community Foundation Of Minnesota legitimate?
Catholic Community Foundation Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Community Foundation Of Minnesota 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: $946,252
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,608,935
For more financial information, click here
Official website here: www.ccf-mn.org
What is the mission statement of Catholic Community Foundation Of Minnesota?
The Catholic Community Foundation of Minnesota supports the financial needs of the Catholic community, focusing on spiritual, educational, and social requirements. The foundation inspires Catholic philanthropy, managing and distributing charitable assets as directed by donors and in accordance with their Catholic identity. Through planned and current gifts to endowments and donor-advised funds, the foundation provides grants to various Catholic parishes, schools, and organizations, totaling over $24 million in the previous year, benefiting nearly 1,100 entities.
Official website here: www.ccf-mn.org
What is the revenue of Catholic Community Foundation Of Minnesota?
Catholic Community Foundation Of Minnesota's revenue in 2024 was $75,457,779.
Official website here: www.ccf-mn.org
Who are the executives of Catholic Community Foundation Of Minnesota and what are their salaries?
The average compensation at Catholic Community Foundation Of Minnesota during 2024 was $106,466. There are 24 employees and 27 volunteers at Catholic Community Foundation Of Minnesota.
Here are 32 key members and their salaries:
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- Compensation: $108,480
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- Compensation: $103,632
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- Other: $25,968
Official website here: www.ccf-mn.org
Where can I find the form 990 for Catholic Community Foundation Of Minnesota?
Catholic Community Foundation Of Minnesota's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ccf-mn.org
Learn more at the official website: www.ccf-mn.org
Mission Statement of Catholic Community Foundation Of Minnesota
The Catholic Community Foundation of Minnesota plays a pivotal role in financing the spiritual, educational, and social needs of the Catholic community. Established with a mission to support these essential requirements, the Foundation inspires Catholic philanthropy and manages charitable assets in accordance with its donors and Catholic identity.
The Foundation facilitates planned and current gifts to endowments and donor-advised funds, which subsequently finance various needs within the Catholic community. Recently, the Foundation has granted approximately $24 million to over 1,100 Catholic parishes, schools, and organizations, making a significant impact in the past year. The Foundation's activities extend beyond just financial support, as it strives to meet the diverse needs of the Catholic community in a holistic manner.
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Impact
October, 2024
Catholic Community Foundation of Minnesota plays a vital role in addressing the spiritual, educational, and social needs of the Catholic community in the region. By inspiring Catholic philanthropy, the foundation effectively manages and distributes charitable assets according to the values and desires of its donors.
In the past year alone, nearly 1,100 Catholic parishes, schools, and organizations benefited from approximately 3,700 grants, totaling $24 million. These funds have made a significant impact, supporting diverse needs and enhancing the overall well-being of the Catholic community. Through its commitment to facilitating both planned and current gifts, the foundation strengthens endowments and donor-advised funds, ensuring sustained support for future initiatives and projects within the community.
This information is meant to be a general summary of Catholic Community Foundation Of Minnesota. 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 2024.
- Investment Income: $11,040,730
- Program Service Revenue: $1,664,577
- Gross Receipts: $162,873,364
Assets and Liabilities:
- Total Assets: $595,109,092
- Total Liabilities: $317,860,924
- Net Assets: $277,248,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,664,577
Organization Details
Founding Year
1992
Principal Officer
Anne Cullen Miller
Website
www.ccf-mn.orgNTEE Category
Code: T310 - Philanthropy
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