Overview
What is The Catholic Foundation For The Archdiocese Of Dubuque?
The Catholic Foundation in the Archdiocese of Dubuque (CFAD) serves as a philanthropic entity, dedicated to supporting Catholic organizations and those benefiting from them in Northeast Iowa's 30 counties. By offering charitable planning, investing, and grantmaking services, CFAD empowers donors to make lasting impacts on their preferred Catholic entities. In FY2022, CFAD added 19 new endowment funds, one donor-advised fund, and 13 new agency trust accounts, granting over $3.3 million to 132 organizations from 167 funds. The organization's mission is to maximize charitable resources for the Catholic community, aiming to endow financial support for these organizations and uphold Catholic values. (113 words)
Official website here: www.ourcfad.org
What are the reviews and ratings of this charity?
The Catholic Foundation For The Archdiocese Of Dubuque has received a strong rating of 97% from Charity Navigator, earning it a Four-Star out of Four Star rating. This high score highlights the organization's commitment to accountability, transparency, and financial health, with an impressive 100% in Accountability & Finance. The foundation demonstrates effective governance with a fully independent board and robust policies in place to oversee its operations.
In terms of impact and measurement, the foundation scored 88%, showing a good commitment to program planning, development, and results reporting. The organization maintains a significant program expense ratio of 92.27%, indicating that the majority of its resources are directed toward its charitable activities. Additionally, the foundation boasts an exceptional fundraising efficiency, with an impressive figure of $0.002 per dollar raised, further showcasing its financial efficacy.
While the overall rating is commendable, there are limitations in user feedback from GreatNonprofits that could provide insights into public sentiment. Unfortunately, reviews could not be fetched, leaving a gap in consumer perspectives. Nonetheless, based on available data, The Catholic Foundation For The Archdiocese Of Dubuque appears to be a well-managed organization with a strong focus on serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Catholic Foundation For The Archdiocese Of Dubuque legitimate?
The Catholic Foundation For The Archdiocese Of Dubuque is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Foundation For The Archdiocese Of Dubuque 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: $129,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,287
For more financial information, click here
Official website here: www.ourcfad.org
What is the mission statement of The Catholic Foundation For The Archdiocese Of Dubuque?
The Catholic Foundation for the Archdiocese of Dubuque's mission is centered around maximizing charitable resources for the benefit of the Catholic community. They achieve this by providing charitable planning, investing, and grantmaking services to donors who wish to contribute to Catholic organizations and those they serve. The foundation collaborates with Catholic organizations, donors, and their advisors to help structure legacy gifts in a way that aligns with donors' Catholic values. In the fiscal year 2022, they added several new endowment funds, donor-advised funds, and agency trust accounts, and distributed grants worth over $3 million to various organizations. The foundation's vision is to endow financial support for the Catholic community, with the aim of ensuring that Catholic organizations can continually carry out their missions to meet both spiritual and basic human needs in a manner that reflects Catholic values.
Official website here: www.ourcfad.org
Who is the CEO of The Catholic Foundation For The Archdiocese Of Dubuque?
Michele Brock is the Chair of The Catholic Foundation For The Archdiocese Of Dubuque.
Official website here: www.ourcfad.org
What is the revenue of The Catholic Foundation For The Archdiocese Of Dubuque?
The Catholic Foundation For The Archdiocese Of Dubuque's revenue in 2022 was $10,700,862.
Official website here: www.ourcfad.org
Who are the executives of The Catholic Foundation For The Archdiocese Of Dubuque and what are their salaries?
The average compensation at The Catholic Foundation For The Archdiocese Of Dubuque during 2022 was $80,973. There are 2 employees and 13 volunteers at The Catholic Foundation For The Archdiocese Of Dubuque.
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- Compensation: $103,077
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Official website here: www.ourcfad.org
Where can I find the form 990 for The Catholic Foundation For The Archdiocese Of Dubuque?
The Catholic Foundation For The Archdiocese Of Dubuque's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ourcfad.org
Learn more at the official website: www.ourcfad.org
Mission Statement of The Catholic Foundation For The Archdiocese Of Dubuque
The Catholic Foundation for the Archdiocese of Dubuque, in its mission, seeks to amplify charitable resources for optimal benefit within the Catholic community. By serving the 30 counties that constitute the Archdiocese of Dubuque, this organization offers three distinct services: charitable planning, investing, and grantmaking. It collaborates with the Archdiocese while maintaining its distinct identity, managing endowments for numerous Catholic entities such as parishes, schools, cemeteries, and social services.
The foundation works closely with donors who wish to perpetuate their Catholic values through legacy gifts, providing guidance on structuring these gifts in a manner that benefits both the donors and the organizations they wish to support. In FY2022, two new organizations began utilizing the Legacy Planning Toolkit program provided by the foundation. Furthermore, the foundation manages the investment of legacy gifts, donor-advised funds, and organization trust accounts, ensuring that they are invested in Catholic-aligned choices.
In the role of a grantmaker, the Catholic Foundation for the Archdiocese of Dubuque distributes legacy gifts as intended by donors, providing financial support to numerous organizations. In FY2022, the foundation granted $3,327,225 from 167 funds to 132 organizations. The foundation's vision is to establish a lasting financial support system for the Catholic community, enabling organizations to continually carry out their missions, addressing both spiritual and basic human needs in line with Catholic values.
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Impact
July, 2024
The Catholic Foundation For The Archdiocese Of Dubuque plays a crucial role in multiplying charitable resources for maximum benefit to the Catholic community in the Archdiocese of Dubuque. By assisting donors in making lasting impacts for Catholic organizations and those served by them, The Catholic Foundation ensures that the Spiritual and Corporal Works of Mercy can be sustained and expanded throughout the 30 counties in northeast Iowa that comprise the Archdiocese.
Through its charitable planning, investing, and grantmaking services, The Catholic Foundation manages endowments for numerous Catholic parishes, schools, cemeteries, social services, and other Catholic organizations. By working with donors to perpetuate their Catholic values through legacy gifts, The Catholic Foundation fosters a culture of giving that supports the ongoing work of Catholic organizations in the region.
In the past year, The Catholic Foundation has added new funds, donor advised accounts, and agency trust accounts, demonstrating its commitment to growing resources for the Catholic community. Through generous grants from donors, over $3 million was distributed to 132 organizations in FY2022, supporting a wide range of programs and services essential to the spiritual and basic human needs of individuals in the region.
The vision of The Catholic Foundation For The Archdiocese Of Dubuque is to secure financial support that will sustain Catholic organizations in their missions for the long term, ensuring that they can continue to serve the community in ways that align with Catholic values. By facilitating legacy gifts, responsible investing, and impactful grantmaking, The Catholic Foundation contributes significantly to the vibrancy and resilience of the Catholic community in the Archdiocese of Dubuque.
This information is meant to be a general summary of The Catholic Foundation For The Archdiocese Of Dubuque. 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: $4,391,412
- Program Service Revenue: $827,436
- Gross Receipts: $28,242,921
Assets and Liabilities:
- Total Assets: $127,453,113
- Total Liabilities: $26,927,678
- Net Assets: $100,525,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administration Fees
Revenue
$806,104
Program Fees
Revenue
$21,327
Organization Details
Founding Year
2011
Phone
(563) 556-2580Principal Officer
Michele Brock
Main Address
120 5th St NW, Cedar Rapids, IA, 52405
Website
www.ourcfad.orgNTEE Category
Code: X112 - Religion related
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