Civic Intelligence

Archdiocesan Educational Fund Co Wells Fargo - Matthew Mccloskey

990 • Fiscal year 2022 • EIN 23-6445582

Jul 01, 2021 to Jun 30, 2022 • Filed on Jun 27, 2023

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.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

6th percentile

-18%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

35%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$78,079,983

Down $16,997,498 (-18%) from 2021

Net Assets

Down

$77,911,224

Down $16,930,886 (-18%) from 2021

Liabilities

Down

$168,759

Down $66,612 (-28%) from 2021

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin94th percentile

Revenue

Up

$7,961,135

Up $2,069,277 (+35%) from 2021

Expenses

Up

$2,604,886

Up $399,820 (+18%) from 2021

Net Income

Up

$5,356,249

Up $1,669,457 (+45%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th 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 2022: $78,079,983Liabilities 2022: $168,759Net Assets 2022: $77,911,2242022Assets 2024: $91,988,146Liabilities 2024: $5,750Net Assets 2024: $91,982,3962024

Highlighted filing

2022

Assets$78,079,983
Liabilities$168,759
Net Assets$77,911,224
Open 2022 Filing

Operations Trend

Revenue Growth84th 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 2022: $7,961,135Expenses 2022: $2,604,886Net Income 2022: $5,356,2492022Revenue 2024: $8,431,640Expenses 2024: $3,010,966Net Income 2024: $5,420,6742024

Highlighted filing

2022

Revenue$7,961,135
Expenses$2,604,886
Net Income$5,356,249
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jun 27, 2023
Return Version
2021v4.1
Gross Receipts
$20,634,566
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$91,148,656$73,596,298▼ $17,552,358
Cash and Non-Interest-Bearing Accounts$3,928,825$4,423,285▲ $494,460
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$95,077,481$78,079,983▼ $16,997,498
Other Assets Total-$60,400-
Liabilities
Grants Payable$235,371$168,759▼ $66,612
Total Liabilities$235,371$168,759▼ $66,612
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,842,110$77,911,224▼ $16,930,886
Total Net Assets Fund Balance$94,842,110$77,911,224▼ $16,930,886
Total Liabilities and Net Assets / Fund Balance$95,077,481$78,079,983▼ $16,997,498
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Archbishop Nelson PerezChairman
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$808,348
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$7,956,135
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$5,356,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,705,107
Other Expenses$899,779
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,705,107--$1,705,107
Fees for Service Investment Mgmnt Fees-$808,348-$808,348
Fees for Services Legal-$57,334-$57,334
Fees for Services Accounting-$17,445-$17,445
Other Expenses-$9,857-$9,857
Information Technology-$6,795-$6,795
Total Functional Expenses$1,705,107$899,779$0$2,604,886
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Archdiocese of PhiladelphiaPhiladelphia, PA--$751,129
The Culture Project InternatiWynnewood, PA--$130,000
La Salle College High SchWyndmoor, PA--$90,073
Bishop Shanahan High SchoolDowningtown, PA--$83,095
St Lucy Day School for ChildPhiladelphia, PA--$81,800
Little Flower Catholic High SPhiladelphia, PA--$78,000
national shrine of our lady oDoylestown, PA--$76,500
merion mercy academy addressMerion Station, PA--$73,684
Pope John Paul Ii High SchoolRoyersford, PA--$72,859
Cristo Rey Philadelphia HighPhiladelphia, PA--$70,000
Sophia Institute for TeachersManchester, NH--$39,912
Independence Mission SchoolsPhiladelphia, PA--$30,000
St AgathaPhiladelphia, PA--$30,000
Gwynedd Mercy Academy HighGwynedd Valley, PA--$28,089
Archbiship Wood High SchoolWarminister, PA--$28,000
CabriniRadnor, PA--$25,000
Mercy Career & Technical SchPhiladelphia, PA--$16,966
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
2023-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew H Mccloskey Iv
Formed
1946
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Rothman & Associates LLC
Address
4615-17 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, 2022. Informational and other returns for fiscal year 2019 and later are subject to examination by the Internal Revenue Service.”

Raw XML AppendixShowing 400 of 492 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/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/ForeignOfficeInd0false
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IRS990/Form8282FiledCnt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW MCCLOSKEY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman
IRS990/Form990ProvidedToGvrnBodyInd0false
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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, 2022. Informational and other returns for fiscal year 2019 and later are subject to examination by the Internal Revenue Service.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleI/RecipientTable/CashGrantAmt1073684
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IRS990ScheduleI/RecipientTable/CashGrantAmt1272859
IRS990ScheduleI/RecipientTable/CashGrantAmt1339912
IRS990ScheduleI/RecipientTable/CashGrantAmt1430000
IRS990ScheduleI/RecipientTable/CashGrantAmt1581800
IRS990ScheduleI/RecipientTable/CashGrantAmt16130000
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARCHBISHIP WOOD HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ARCHDIOCESE OF PHILADELPHIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BISHOP SHANAHAN HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CABRINI
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CRISTO REY PHILADELPHIA HIGH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5GWYNEDD MERCY ACADEMY HIGH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6INDEPENDENCE MISSION SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7LA SALLE COLLEGE HIGH SCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8LITTLE FLOWER CATHOLIC HIGH S
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9MERCY CAREER & TECHNICAL SCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10merion mercy academy address
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11national shrine of our lady o
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12POPE JOHN PAUL II HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13SOPHIA INSTITUTE FOR TEACHERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14ST AGATHA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt15ST LUCY DAY SCHOOL FOR CHILD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt16THE CULTURE PROJECT INTERNATI
IRS990ScheduleI/RecipientTable/RecipientEIN0231355131
IRS990ScheduleI/RecipientTable/RecipientEIN1273106321
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IRS990ScheduleI/RecipientTable/RecipientEIN6200357189
IRS990ScheduleI/RecipientTable/RecipientEIN7231355131
IRS990ScheduleI/RecipientTable/RecipientEIN8471350049
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0655 YORK ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1222 NORTH 17TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2220 WOODBINE RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3610 KING OF PRUSSIA RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41717 W ALLEGHENY AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51345 SUMNEYTOWN PIKE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61012 W THOMPSON ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt78605 W CHELTENHAM AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt81000 W LYCOMING ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt92900 W HUNTING PARK AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10511 MONTGOMERY AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11654 FERRY ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12181 RITTENHOUSE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13BOX 5284
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt143728 CHESTNUT ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt153031 STAMFORD ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16PO BOX 86
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WARMINISTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DOWNINGTOWN
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IRS990ScheduleI/RecipientTable/USAddress/CityNm4PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm5GWYNEDD VALLEY
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IRS990ScheduleI/RecipientTable/USAddress/CityNm16WYNNEWOOD
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1303108
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1419104

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,079,983
Liabilities
$168,759
Net assets
$77,911,224
Revenue
$7,961,135
Expenses
$2,604,886
Net income
$5,356,249
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
2022Detailed filing. Detailed filing data is available for this year.$78.1$0.17$77.9$7.96$2.60$5.36
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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