Civic Intelligence

Archdiocesan Educational Fund Co Wells Fargo - Matthew Mccloskey

990 • Fiscal year 2020 • EIN 23-6445582

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileN/A
115 Bloomingdale AvenueWayne, PA 19087

(610) 502-5310

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

10th percentile

0.04x

Higher debt load relative to revenue than 10% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

36th percentile

2.4%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-27%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$74,679,202

Up $1,785,754 (+2.4%) from 2019

Net Assets

Up

$74,470,596

Up $1,632,086 (+2.2%) from 2019

Liabilities

Up

$208,606

Up $153,668 (+280%) from 2019

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin93rd percentile

Revenue

Down

$4,843,445

Down $1,813,552 (-27%) from 2019

Expenses

Up

$2,136,775

Up $453,969 (+27%) from 2019

Net Income

Down

$2,706,670

Down $2,267,521 (-46%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2013: $45,051,138Liabilities 2013: $0Net Assets 2013: $45,051,1382013Assets 2014: $52,562,521Liabilities 2014: $0Net Assets 2014: $52,562,5212014Assets 2015: $54,033,598Liabilities 2015: $0Net Assets 2015: $54,033,5982015Assets 2016: $52,443,049Liabilities 2016: $0Net Assets 2016: $52,443,0492016Assets 2017: $59,276,633Liabilities 2017: $0Net Assets 2017: $59,276,6332017Assets 2018: $69,261,925Liabilities 2018: $73,547Net Assets 2018: $69,188,3782018Assets 2019: $72,893,448Liabilities 2019: $54,938Net Assets 2019: $72,838,5102019Assets 2020: $74,679,202Liabilities 2020: $208,606Net Assets 2020: $74,470,5962020Assets 2021: $95,077,481Liabilities 2021: $235,371Net Assets 2021: $94,842,1102021Assets 2024: $91,988,146Liabilities 2024: $5,750Net Assets 2024: $91,982,3962024

Highlighted filing

2020

Assets$74,679,202
Liabilities$208,606
Net Assets$74,470,596
Open 2020 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2013: $1,480,1812013Revenue 2014: $3,396,856Expenses 2014: $1,546,837Net Income 2014: $1,850,0192014Revenue 2015: $3,742,383Expenses 2015: $1,572,730Net Income 2015: $2,169,6532015Revenue 2016: $3,174,548Expenses 2016: $1,657,030Net Income 2016: $1,517,5182016Revenue 2017: $2,987,269Expenses 2017: $1,781,276Net Income 2017: $1,205,9932017Revenue 2018: $5,600,310Expenses 2018: $1,782,988Net Income 2018: $3,817,3222018Revenue 2019: $6,656,997Expenses 2019: $1,682,806Net Income 2019: $4,974,1912019Revenue 2020: $4,843,445Expenses 2020: $2,136,775Net Income 2020: $2,706,6702020Revenue 2021: $5,891,858Expenses 2021: $2,205,066Net Income 2021: $3,686,7922021Revenue 2024: $8,431,640Expenses 2024: $3,010,966Net Income 2024: $5,420,6742024

Highlighted filing

2020

Revenue$4,843,445
Expenses$2,136,775
Net Income$2,706,670
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$25,073,343
Mission and Program Overview

Mission

The archdiocesan education fund is operated exclusively for religious, educational, charitable and scientific purposes in that it is operated so as to provide financial support and assistance to the general educational programs and activities conducted by the roman catholic archdiocese of philadelphia.

The archdiocesan education fund is operated exclusively for religious, educational, charitable and scientific purposes in that it is operated so as to provide financial support and assistance to the general educational programs and activities conducted by the roman catholic archdiocese of philadelphia or parishes thereof.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$69,584,678$69,455,600▼ $129,078
Cash and Non-Interest-Bearing Accounts$3,308,770$5,223,602▲ $1,914,832
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$72,893,448$74,679,202▲ $1,785,754
Other Assets Total-$0-
Liabilities
Grants Payable$54,938$208,606▲ $153,668
Total Liabilities$54,938$208,606▲ $153,668
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$72,838,510$74,470,596▲ $1,632,086
Total Net Assets Fund Balance$72,838,510$74,470,596▲ $1,632,086
Total Liabilities and Net Assets / Fund Balance$72,893,448$74,679,202▲ $1,785,754
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Archbiship Nelson PerezChairman
Archbishop Charles ChaputChairman (PAST)
Matthew H Mccloskey IvPresident
Bishop Michael J FitzgeraldVice President
Andrew MccloskeySecretary/TREAS

Highest Paid Contractors

ContractorServicesLocationCompensation
First Clearing Corp Subs Of Wells FargInvestment Fees1 N JEFFERSON AVE, St Louis, MO 63103$599,798
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,843,445
Other Revenue
$0
Change in Net Assets
$2,706,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,420,205
Other Expenses$716,570
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,420,205--$1,420,205
Fees for Service Investment Mgmnt Fees-$599,798-$599,798
Fees for Services Legal-$91,996-$91,996
Fees for Services Accounting-$19,939-$19,939
Other Expenses-$4,587-$4,587
Information Technology-$250-$250
Total Functional Expenses$1,420,205$716,570$0$2,136,775
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arch of Phila School for SpecPhiladelphia, PA--$200,000
Catholic Leadership InstituteWayne, PA--$150,000
The Friends of Father JudgeApex, NC--$150,000
Nazareth AcademyKing of Prussia, PA--$102,562
Little Flower High SchoolPhiladelphia, PA--$100,000
Sister Servants of the IhmMonroe, MI--$81,300
St Francis De Sales SchoolPhiladelphia, PA--$75,000
Pope John Paul Ii High SchoolWynnewood, PA--$72,991
Sophia Institute for TeachersNashua, NH--$71,245
Back to School Prep ProgramApex, NC--$68,041
West Chester Univ Newman CtrWest Chester, PA--$50,000
St AgnesWynnewood, PA--$49,800
St Mary Interparochial SchoolCoatesville, PA--$33,324
Our Mother of ConsolationPhiladelphia, PA--$24,502
Pontifical Mission SocietiesNew York, NY--$22,150
Casa Del Carmen Preschool AcaPhiladelphia, PA--$20,532
Gwynedd Mercy AcademyDrexel Hill, PA--$20,000
Martin Saints High SchoolPhiladelphia, PA--$18,804
Villanova UniversityPhiladelphia, PA--$18,649
Office for Catholic FormationPhiladelphia, PA--$18,000
Arch of Phila Vocation OfficePhiladelphia, PA--$16,545
St VeronicaChester, PA--$11,649
Our Lady of GuadalupePhiladelphia, PA--$10,123
Bishop Mcdevitt High SchoolLansdale, PA--$10,020
St Patrick School InclusionApex, NC--$8,671
Manor CollegePhiladelphia, PA--$7,104
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“First clearing corporation acts as custodian of the fund. First clearing corporation is a subsidiary of wells fargo. A member of the board of directors of the fund is an independent broker whose firm is part of the wells fargo independent channel.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed by president of the organization”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Archdiocesan Education Fund
EIN
23-6445582
Phone
6105025310
Address
115 BLOOMINGDALE AVENUE, WAYNE, PA 19087

Signing Officer

Name
Matthew H Mccloskey Iv
Title
President
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew H Mccloskey Iv
Formed
1946
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Rothman & Associates LLC
Address
4643 West Chester Pike, Newtown Square, PA 19073
Preparer
Peter H Rothman CPA Mst
Phone
4844283160
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Fund is a not-for-profit organization that is generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code, and therefore, no provision for income taxes is included. The Fund, however, is liable for tax on any unrelated business income received. It is also required to file an informational return (Federal Form 990). The Fund believes that there are no uncertain tax positions for the year ended June 30, 2020. Informational and other returns for fiscal year 2017 and later are subject to examination by the Internal Revenue Service.”

Raw XML AppendixShowing 400 of 638 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/DepreciationDepletionGrp/TotalAmt00
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IRS990/EmployeeCnt00
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IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0599798
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm3ANDREW MCCLOSKEY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/PYTotalExpensesAmt01682806
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt014
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0231360839
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt60
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt70
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt80
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt90
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt100
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt110
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt120
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt130
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01420205
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt60
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt70
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt80
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt90
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt100
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt110
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt120
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt130
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ARCHDIOCESE OF PHILA RELATED ORGS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1SAINT CHARLES SEMINARY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2INDEPENDENCE MISSION SCHOOLS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3ARCHDIOCESE OF PHILADELPHIA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4TEMPLE UNIVERSITY NEWMAN CENTER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5THE GESU SCHOOL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6CRISTO REY PHILADELPHIA HIGH SCHOOL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt7ST FRANCIS DE SALES SCHOOL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt8CATHOLIC FAMILY FUN CLUB
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt9CATHOLIC LEADERSHIP INSTITUTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt10PROVIDENCE CENTER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt11ROMAN CATHOLIC HIGH SCHOOL FOR BOYS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt12HOPE PARTNERSHIP FOR EDUCATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt13BLOCS GALA SPONSORSHIP
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IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01420205
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Fund is a not-for-profit organization that is generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code, and therefore, no provision for income taxes is included. The Fund, however, is liable for tax on any unrelated business income received. It is also required to file an informational return (Federal Form 990). The Fund believes that there are no uncertain tax positions for the year ended June 30, 2020. Informational and other returns for fiscal year 2017 and later are subject to examination by the Internal Revenue Service.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleI/RecipientTable/CashGrantAmt420532
IRS990ScheduleI/RecipientTable/CashGrantAmt5150000
IRS990ScheduleI/RecipientTable/CashGrantAmt620000
IRS990ScheduleI/RecipientTable/CashGrantAmt7100000
IRS990ScheduleI/RecipientTable/CashGrantAmt87104
IRS990ScheduleI/RecipientTable/CashGrantAmt918804
IRS990ScheduleI/RecipientTable/CashGrantAmt10102562
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IRS990ScheduleI/RecipientTable/CashGrantAmt1210123
IRS990ScheduleI/RecipientTable/CashGrantAmt1324502
IRS990ScheduleI/RecipientTable/CashGrantAmt1422150
IRS990ScheduleI/RecipientTable/CashGrantAmt1572991
IRS990ScheduleI/RecipientTable/CashGrantAmt1681300
IRS990ScheduleI/RecipientTable/CashGrantAmt1771245
IRS990ScheduleI/RecipientTable/CashGrantAmt1849800
IRS990ScheduleI/RecipientTable/CashGrantAmt1975000
IRS990ScheduleI/RecipientTable/CashGrantAmt2033324
IRS990ScheduleI/RecipientTable/CashGrantAmt218671
IRS990ScheduleI/RecipientTable/CashGrantAmt2211649
IRS990ScheduleI/RecipientTable/CashGrantAmt23150000
IRS990ScheduleI/RecipientTable/CashGrantAmt2418649
IRS990ScheduleI/RecipientTable/CashGrantAmt2550000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt120
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt130

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$74,679,202
Liabilities
$208,606
Net assets
$74,470,596
Revenue
$4,843,445
Expenses
$2,136,775
Net income
$2,706,670
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.0$0.01$92.0$8.43$3.01$5.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.1$0.24$94.8$5.89$2.21$3.69
2020Detailed filing. Detailed filing data is available for this year.$74.7$0.21$74.5$4.84$2.14$2.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.9$0.05$72.8$6.66$1.68$4.97
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.3$0.07$69.2$5.60$1.78$3.82
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.3$0.00$59.3$2.99$1.78$1.21
2016Detailed filing. Detailed filing data is available for this year.$52.4$0.00$52.4$3.17$1.66$1.52
2015Detailed filing. Detailed filing data is available for this year.$54.0$0.00$54.0$3.74$1.57$2.17
2014Detailed filing. Detailed filing data is available for this year.$52.6$0.00$52.6$3.40$1.55$1.85
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$0.00$45.1$1.48