Civic Intelligence

Catholic Community Foundation of Los Angeles

990 • Fiscal year 2016 • EIN 38-3941057

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

3440 Wilshire BoulevardLos Angeles, CA 90010

(213) 426-1184

Siviq Scores

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

Liabilities / Assets

76th percentile

0.68x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

2.91x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

72nd percentile

9.7%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

17th percentile

$240,000

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

73rd percentile

7.4%

Faster asset growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-29%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$203,783,293

Up $13,999,412 (+7.4%) from 2015

Net Assets

Up

$65,185,040

Up $7,344,146 (+13%) from 2015

Liabilities

Up

$138,598,253

Up $6,655,266 (+5.0%) from 2015

Revenue

Down

$47,686,793

Down $19,442,510 (-29%) from 2015

Expenses

Up

$43,067,974

Up $33,999,681 (+375%) from 2015

Net Income

Down

$4,618,819

Down $53,442,191 (-92%) from 2015

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2015: $189,783,881Liabilities 2015: $131,942,987Net Assets 2015: $57,840,8942015Assets 2016: $203,783,293Liabilities 2016: $138,598,253Net Assets 2016: $65,185,0402016Assets 2017: $229,134,687Liabilities 2017: $168,162,100Net Assets 2017: $60,972,5872017Assets 2018: $235,994,123Liabilities 2018: $163,068,359Net Assets 2018: $72,925,7642018Assets 2019: $364,486,430Liabilities 2019: $201,258,409Net Assets 2019: $163,228,0212019Assets 2020: $298,852,432Liabilities 2020: $215,543,162Net Assets 2020: $83,309,2702020Assets 2021: $386,643,918Liabilities 2021: $240,939,020Net Assets 2021: $145,704,8982021Assets 2022: $295,568,632Liabilities 2022: $201,270,610Net Assets 2022: $94,298,0222022Assets 2023: $313,476,844Liabilities 2023: $225,540,828Net Assets 2023: $87,936,0162023Assets 2024: $348,904,015Liabilities 2024: $250,083,260Net Assets 2024: $98,820,7552024

Highlighted filing

2016

Assets$203,783,293
Liabilities$138,598,253
Net Assets$65,185,040

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2015: $67,129,303Expenses 2015: $9,068,293Net Income 2015: $58,061,0102015Revenue 2016: $47,686,793Expenses 2016: $43,067,974Net Income 2016: $4,618,8192016Revenue 2017: $39,357,489Expenses 2017: $44,355,377Net Income 2017: -$4,997,8882017Revenue 2018: $69,508,594Expenses 2018: $54,324,291Net Income 2018: $15,184,3032018Revenue 2019: $117,727,078Expenses 2019: $35,393,423Net Income 2019: $82,333,6552019Revenue 2020: $83,411,965Expenses 2020: $24,567,012Net Income 2020: $58,844,9532020Revenue 2021: $101,653,381Expenses 2021: $43,547,571Net Income 2021: $58,105,8102021Revenue 2022: $23,352,119Expenses 2022: $62,242,288Net Income 2022: -$38,890,1692022Revenue 2023: $29,367,539Expenses 2023: $40,744,758Net Income 2023: -$11,377,2192023Revenue 2024: $33,446,677Expenses 2024: $14,918,256Net Income 2024: $18,528,4212024

Highlighted filing

2016

Revenue$47,686,793
Expenses$43,067,974
Net Income$4,618,819
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$85,754,812
Mission and Program Overview

Mission

Our mission embraces our valuesthrough a community of faith and love in oneness with the Catholic Churchthroughout the world. These values include upholding the dignity of life for all,working to eliminate poverty, and helping to remove the barriers that divide

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$137,677,740$179,789,024▲ $42,111,284
Investments Other Securities-$15,144,697-
Savings and Temporary Cash Investments$20,044,575$8,503,186▼ $11,541,389
Cash and Non-Interest-Bearing Accounts$29,063$325,019▲ $295,956
Land, Buildings, and Equipment, Net-$10,551-
Prepaid Expenses and Deferred Charges-$5,575-
Accounts Receivable$188,051$5,241▼ $182,810
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$189,783,881$203,783,293▲ $13,999,412
Other Assets Total$31,844,452$0▼ $31,844,452
Liabilities
Other Liabilities$131,345,460$138,541,625▲ $7,196,165
Unsecured Notes Loans Payable$531,707--
Accounts Payable and Accrued Expenses$65,820$56,628▼ $9,192
Total Liabilities$131,942,987$138,598,253▲ $6,655,266
Net Assets / Fund Balance
Unrestricted Net Assets$56,589,710$63,488,141▲ $6,898,431
Permanently Rstr Net Assets$987,662$1,154,980▲ $167,318
Temporarily Rstr Net Assets$263,522$541,919▲ $278,397
Total Net Assets Fund Balance$57,840,894$65,185,040▲ $7,344,146
Total Liabilities and Net Assets / Fund Balance$189,783,881$203,783,293▲ $13,999,412

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,551$3,327$13,878

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$999,074$167,318▲ $62,454-$1,170,300
2015-$987,662▲ $11,412-$999,074
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen H AndersonExecutive DirectorFT$140,000$100,000$240,000
Usha MurthyVP Ops-TreasureFT$129,982-$129,982

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Renaissance Administration LLCDonor Proc/Web Host8910 Purdue Road Suite 500, Indianapolis, IN 46268$164,123
Revenue and Support

Revenue Composition

Contributions and Grants
$43,220,902
Program Service Revenue
$0
Investment Income
$3,288,393
Other Revenue
$1,177,498
All Other Contributions
$43,220,902
Change in Net Assets
$4,618,819

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded44$4,145,634
Total Noncash Contributions44$4,145,634

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,686,793
Revenue Not Reported on Form 990
$2,725,327
Total Revenue per Audited Statements
$50,412,120
Total Revenue per Form 990
$47,686,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$41,251,810
Other Expenses$1,283,567
Salaries, Compensation, and Employee Benefits$532,597
Total Fundraising Expense$167,197
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$41,251,810--$41,251,810
Fees for Services Management-$372,205-$372,205
Current Officers, Directors, Trustees, and Key Employees-$321,761$48,221$369,982
Fees for Services Other-$354,127-$354,127
Fees for Service Investment Mgmnt Fees-$317,837-$317,837
Other Salaries and Wages-$33,052$92,994$126,046
Office Expenses-$51,079-$51,079
Payroll Taxes-$36,449-$36,449
Occupancy-$36,235-$36,235
Insurance-$33,670-$33,670
Fees for Services Accounting-$32,000-$32,000
Interest-$19,497-$19,497
Fees for Services Legal-$16,062-$16,062
Other Expenses-$4,160$25,982$4,160
Depreciation Depletion-$3,327-$3,327
Other Employee Benefits-$120-$120
Total Functional Expenses$41,251,810$1,648,967$167,197$43,067,974

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$43,067,974
Total Expenses per Audited Statements$43,067,974
Total Expenses per Form 990$43,067,974
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Diocese of PhoenixPhoenix, AZ501 (c) (3)Education$8,824,964
Archdiocese of Los AngelesLos Angeles, CA501 (c) (3)Education & Religion Related$8,312,577
Diocese of San BernardinoSan Bernardino, CA501 (c) (3)Education$4,664,451
Orange Catholic FoundationGarden Grove, CA501 (c) (3)Education & Religion Related$3,476,030
Roman Catholic Diocese of ChaCharlotte, NC501 (c) (3)Religion Related$2,617,897
Diocese of San JoseSan Jose, CA501 (c) (3)Religion Related$2,292,356
Catholic Education FoundationLos Angeles, CA501 (c) (3)Education$2,010,000
Arrupe Jesuit High SchoolDenver, CO501 (c) (3)Education$1,674,309
San Francisco de Asis ParishFlagstaff, AZ501 (c) (3)Education & Religion Related$1,300,001
Mission Dolores AcademySan Francisco, CA501 (c) (3)Education$1,072,804
Our Lady of Perpetual HelpGlendale, AZ501 (c) (3)Education & Religion Related$837,011
Archdiocese of San FranciscoSan Francisco, CA501 (c) (3)Education$591,186
Most Holy Trinity Catholic ScPhoenix, AZ501 (c) (3)Education$560,101
University of Southern CalifoLos Angeles, CA501 (c) (3)Education$500,000
Cathedral High SchoolLos Angeles, CA501 (c) (3)Education$358,809
Diocese of OaklandOakland, CA501 (c) (3)Education & Religion Related$263,166
St Charles Catholic SchoolSan Diego, CA501 (c) (3)Education$210,752
Sacred Heart Catholic ChurchPalm Desert, CA501 (c) (3)Education & Religion Related$161,420
Loyola Marymount UniversityLos Angeles, CA501 (c) (3)Education$155,000
Our Lady of Victory SchoolSacaton, AZ501 (c) (3)Education$153,140
Carmel of St Teresa MonasterAlhambra, CA501 (c) (3)Religion Related$152,739
Carmelite Sisters of the MostAlhambra, CA501 (c) (3)Healthcare$110,250
St Gregory Catholic SchoolPhoenix, AZ501 (c) (3)Education$104,029
Cathedral of Our Lady of theLos Angeles, CA501 (c) (3)Religion Related$100,628
St Peter Indian MissionBapchule, AZ501 (c) (3)Education$85,580
Loyola High SchoolLos Angeles, CA501 (c) (3)Education$65,000
St Catherines AcademyAnaheim, CA501 (c) (3)Education$51,467
Eisenhower Medical Center FouRancho Mirage, CA501 (c) (3)Health Care$50,000
The Archival Center at San FeMission Hills, CA501 (c) (3)Arts, Culture & Humanities$46,678
Cornelia Connelly SchoolAnaheim, CA501 (c) (3)Education$41,761
Mayfield Senior SchoolPasadena, CA501 (c) (3)Education$25,000
Santa Clara UniversitySanta Clara, CA501 (c) (3)Education$25,000
USC Caruso Catholic CenterLos Angeles, CA501 (c) (3)Education$25,000
Order of Malta Western AssocSan Francisco, CA501 (c) (3)Religion Related$18,300
Archdiocese of DenverDenver, CO501 (c) (3)Education$15,660
Catholic Charities of Los AngLos Angeles, CA501 (c) (3)Human Services$15,000
Dolores Mission SchoolLos Angeles, CA501 (c) (3)Education$12,500
Aquinas High SchoolSan Bernardino, CA501 (c) (3)Education$10,553
St Andrew SchoolPasadena, CA501 (c) (3)Education$10,300
Huntington Library and GardenSan Marino, CA501 (c) (3)Arts, Culture & Humanities$10,000
Huntington Memorial HospitalPasadena, CA501 (c) (3)Health Care$10,000
Jesuit School of Theology ofBerkeley, CA501 (c) (3)Education$10,000
Los Angeles Music and Art SchLos Angeles, CA501 (c) (3)Arts, Culture & Humanities$10,000
Mercy House of Santa AnaSanta Ana, CA501 (c) (3)Housing & Shelter$10,000
Proyecto Pastoral at DoloresLos Angeles, CA501 (c) (3)Human Services$10,000
St Johns SeminaryCamarillo, CA501 (c) (3)Religion Related$10,000
St Michaels AbbeySilverado, CA501 (c) (3)Religion Related$10,000
Viterbi School of EngineeringLos Angeles, CA501 (c) (3)Education$10,000
St Philip the Apostle CatholPasadena, CA501 (c) (3)Education & Religion Related$8,450
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds Held in Trust$138,530,696
Obligations under capital lease$10,929
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The Form 990 was prepared by Renaissance Administration LLC and presented to the Board. The Form 990 is made available to the full Board prior to the electronic filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual signing of Conflict of Interest Policy by Officers/Directors/Trustees.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The organization currently has two officers, an Executive Director and a Vice President of Operations and Treasurer. Annual performance reviews for the Vice President of Operations and Treasurer are conducted by the Executive Director. The Executive Director's compensation and performance are reviewed by the Chairman of the Board annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation Surveys, comparative data from independent sources and experience ofthe person in the position are considered in the compensation evaluation.

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

These documents are made available on the organization's website:www.Catholiccf-la.org

Filing and Contact Details

Filer

Filer Name
Catholic Community Fdn of Los Angeles
EIN
38-3941057
Phone
2134261184
Address
3440 Wilshire Boulevard, Los Angeles, CA 90010

Signing Officer

Name
Usha Murthy
Title
VP Ops-Treasurer
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen H Anderson
Formed
2014
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
16
Volunteers
1

Preparer

Firm
Renaissance Administration LLC
Address
8910 Purdue Rd Suite 500, Indianapolis, IN 46268
Preparer
Douglas W Cox
Phone
3177573481
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 - Organization Mission

Our mission embraces our values through a community of faith and love in onenesswith the Catholic Church throughout the world. These values include upholding thedignity of life for all, working to eliminate poverty, and helping to remove thebarriers that divide people in large, complex and multicultural societies such asSouthern California. This mission is carried out through the sustainability ofparishes, schools, sacramental life and vocations for all religious, plus communityoutreach and service to other organizations that are closely aligned to these goals.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment net assets at December 31, 2016 were for the following programs:Education programs: $21,758Long-term Sustainability Program of the Cathedral: $185,251Archival Center Program: $480,988Repair and maintenance of San Fernando Mission: $430,272Fund for Catholic School Education: $10,525Other: $26,186Total Endowment Funds: $1,154,980

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