Civic Intelligence

Catholic Community Foundation for the Archdiocese of Cincinnati Inc.

990 • Fiscal year 2018 • EIN 46-5162928

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 22, 2019

100 E 8th Street 8th FloorCincinnati, OH 45202

(513) 629-2802

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.48x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

32nd percentile

-0.8%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$143,781

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

2nd percentile

-30%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-12%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$11,215,469

Down $4,870,092 (-30%) from 2017

Net Assets

Down

$745,674

Down $165,953 (-18%) from 2017

Liabilities

Down

$10,469,795

Down $4,704,139 (-31%) from 2017

Revenue

Down

$21,982,301

Down $2,983,683 (-12%) from 2017

Expenses

Down

$22,148,254

Down $3,028,757 (-12%) from 2017

Net Income

Up

-$165,953

Up $45,074 (+21%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $4,085,544Liabilities 2014: $2,500Net Assets 2014: $4,083,0442014Assets 2015: $16,810,747Liabilities 2015: $15,168,976Net Assets 2015: $1,641,7712015Assets 2016: $16,636,898Liabilities 2016: $15,514,244Net Assets 2016: $1,122,6542016Assets 2017: $16,085,561Liabilities 2017: $15,173,934Net Assets 2017: $911,6272017Assets 2018: $11,215,469Liabilities 2018: $10,469,795Net Assets 2018: $745,6742018Assets 2019: $8,896,613Liabilities 2019: $8,310,599Net Assets 2019: $586,0142019Assets 2020: $3,512,627Liabilities 2020: $3,349,792Net Assets 2020: $162,8352020Assets 2021: $1,755,534Liabilities 2021: $1,505,533Net Assets 2021: $250,0012021Assets 2022: $763,642Liabilities 2022: $514,141Net Assets 2022: $249,5012022Assets 2023: $723,316Liabilities 2023: $598,315Net Assets 2023: $125,0012023Assets 2024: $616,744Liabilities 2024: $715,083Net Assets 2024: -$98,3392024

Highlighted filing

2018

Assets$11,215,469
Liabilities$10,469,795
Net Assets$745,674

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2014: $5,576,693Expenses 2014: $1,493,649Net Income 2014: $4,083,0442014Revenue 2015: $29,537,695Expenses 2015: $31,978,968Net Income 2015: -$2,441,2732015Revenue 2016: $30,609,100Expenses 2016: $31,128,217Net Income 2016: -$519,1172016Revenue 2017: $24,965,984Expenses 2017: $25,177,011Net Income 2017: -$211,0272017Revenue 2018: $21,982,301Expenses 2018: $22,148,254Net Income 2018: -$165,9532018Revenue 2019: $16,197,132Expenses 2019: $16,356,792Net Income 2019: -$159,6602019Revenue 2020: $9,586,639Expenses 2020: $10,009,818Net Income 2020: -$423,1792020Revenue 2021: $3,807,435Expenses 2021: $3,720,269Net Income 2021: $87,1662021Revenue 2022: $2,350,625Expenses 2022: $2,351,125Net Income 2022: -$5002022Revenue 2023: $1,907,820Expenses 2023: $2,032,320Net Income 2023: -$124,5002023Revenue 2024: $684,326Expenses 2024: $907,665Net Income 2024: -$223,3392024

Highlighted filing

2018

Revenue$21,982,301
Expenses$22,148,254
Net Income-$165,953
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 22, 2019
Return Version
2018v3.1
Gross Receipts
$21,982,301
Mission and Program Overview

Mission

To raise funds for support of and to promote: (a) priestly formation and catholic elementary and secondary education within the archdiocese of cincinnati, (b) care for retired, sick and elderly diocesan priests incardinated in the archdiocese of cincinnati who dedicated themselves to the catholic faith by providing services within the archdiocese of cincinnati; and (c) care of poor, vulnerable and underprivileged in southwest ohio; to distribute funds and grants to organizations dedicated to similar purposes; and (d) other charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,081,361$11,211,269▼ $4,870,092
Total Assets$16,085,561$11,215,469▼ $4,870,092
Other Assets Total$4,200$4,200→ $0
Liabilities
Accounts Payable and Accrued Expenses$15,173,934$10,469,795▼ $4,704,139
Total Liabilities$15,173,934$10,469,795▼ $4,704,139
Net Assets / Fund Balance
Unrestricted Net Assets$911,627$707,800▼ $203,827
Temporarily Rstr Net Assets-$37,874-
Total Net Assets Fund Balance$911,627$745,674▼ $165,953
Total Liabilities and Net Assets / Fund Balance$16,085,561$11,215,469▼ $4,870,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Richard KellyTreasurer-$143,781$143,781
David KisselSecretaryPT$112,860$112,860
Dennis M SchnurrChair-$61,231$61,231
Steve AngiVice Chair-$45,087$45,087

Board Members and Trustees

NameTitle
David HemmingerDirector
Jill BarberDirector
Maureen RussellDirector
Michael ConatonDirector
Richard RussellDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Letter ConceptsData Mgmt, MailPO BOX 436, Kensington, CT 06037$148,517
Revenue and Support

Revenue Composition

Contributions and Grants
$21,761,504
Program Service Revenue
$0
Investment Income
$220,797
Other Revenue
$0
All Other Contributions
$21,761,504
Change in Net Assets
$-165,953

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded207$1,168,012Fv
Total Noncash Contributions207$1,168,012-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,447,794
Other Expenses$689,710
Total Fundraising Expense$376,509
Professional Fundraising Fees$10,750
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,447,794--$21,447,794
Fees for Services Other-$148,517$524$149,041
Fees for Services Accounting-$70,960-$70,960
Office Expenses--$58,866$58,866
Other Expenses-$103,819$10,840$10,840
Fees for Services Professional Fundraising--$10,750$10,750
Travel--$3,849$3,849
Fees for Services Legal-$655-$655
Total Functional Expenses$21,447,794$323,951$376,509$22,148,254
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Education FoundationCincinnati, OH501 C3Allocations$8,662,462
Various Parishes (213)Cincinnati, OH501 C3Allocations$7,356,901
Athenaeum of OhioCincinnati, OH501 C3Allocations$2,077,991
Priest Retirement FundCincinnati, OH501 C3Allocations$1,732,493
Catholic Charities Southwest OhioCincinnati, OH501 C3Allocations$914,940
Catholic Social Serv Miami ValleyDayton, OH501 C3Allocations$492,660
Bishop Fenwick High SchoolFranklin, OH501 C3Allocations$86,427
St John 23rd Elementary SchoolMiddletown, OH501 C3Allocations$64,820
Good Shepherd Montessori SchoolCincinnati, OH501 C3Allocations$45,000
St James of the ValleyCincinnati, OH-Allocations$8,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 2

Maureen russell richard russell director director spouses

Form 990, Page 6, Part VI, Line 7A

Archbishop dennis schnurr

Form 990, Page 6, Part VI, Line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

Form 990 was reviewed by the management and the treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

The foundation requires written acknowledgement of the policy on an annual basis.

Form 990, Page 6, Part VI, Line 19

The governing documents are available on the ohio secretary of state's web site.

Filing and Contact Details

Filer

Filer Name
Catholic Community Foundation for
EIN
46-5162928
Phone
5136292802
Address
100 E 8TH STREET 8TH FLOOR, CINCINNATI, OH 45202

Signing Officer

Name
Richard Kelly
Title
Treasurer
Phone
5136292802
Signed
2019-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Kelly
Formed
2014
Voting Board Members
9
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

Firm
Sheldon Reder Cpas Inc
Address
1230 SPRINGFIELD PIKE, CINCINNATI, OH 45215
Preparer
Mark Reder
Phone
5137714100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To raise funds for support of and to promote: (a) priestly formation and catholic elementary and secondary education within the archdiocese of cincinnati, (b) care for retired, sick and elderly diocesan priests incardinated in the archdiocese of cincinnati who dedicated themselves to the catholic faith by providing services within the archdiocese of cincinnati; and (c) care of poor, vulnerable and underprivileged in southwest ohio; to distribute funds and grants to organizations dedicated to similar purposes; and (d) other charitable purposes.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt029314395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05557880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0111703441
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0220797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0241002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0264420
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0220169
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016446
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0962834
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt01746674
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt024724982
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt030344680
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05557880
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0111703441
IRS990ScheduleA/TotalSupportAmt0112666275
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IRS990ScheduleD/DonorAdvisedFundsContriAmt096000
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt059100
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt037874
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IRS990ScheduleI/RecipientTable/CashGrantAmt07356901
IRS990ScheduleI/RecipientTable/CashGrantAmt11732493
IRS990ScheduleI/RecipientTable/CashGrantAmt22077991
IRS990ScheduleI/RecipientTable/CashGrantAmt38662462
IRS990ScheduleI/RecipientTable/CashGrantAmt4914940
IRS990ScheduleI/RecipientTable/CashGrantAmt5492660
IRS990ScheduleI/RecipientTable/CashGrantAmt686427
IRS990ScheduleI/RecipientTable/CashGrantAmt764820
IRS990ScheduleI/RecipientTable/CashGrantAmt845000
IRS990ScheduleI/RecipientTable/CashGrantAmt98600
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 C3
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VARIOUS PARISHES (213)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PRIEST RETIREMENT FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ATHENAEUM OF OHIO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CATHOLIC EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CATHOLIC CHARITIES SOUTHWEST OHIO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CATHOLIC SOCIAL SERV MIAMI VALLEY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6BISHOP FENWICK HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7ST JOHN 23RD ELEMENTARY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8GOOD SHEPHERD MONTESSORI SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9ST JAMES OF THE VALLEY
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IRS990ScheduleI/RecipientTable/RecipientEIN1310537076
IRS990ScheduleI/RecipientTable/RecipientEIN2455404691
IRS990ScheduleI/RecipientTable/RecipientEIN3310536968
IRS990ScheduleI/RecipientTable/RecipientEIN4310536645
IRS990ScheduleI/RecipientTable/RecipientEIN5310558446
IRS990ScheduleI/RecipientTable/RecipientEIN6310836525
IRS990ScheduleI/RecipientTable/RecipientEIN7311553738
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0VARIOUS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1100 E 8TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26616 BEECHMONT AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3100 E 8TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt47162 READING RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5922 W RIVERVIEW AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt64855 STATE ROUTE 122
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt73806 MANCHESTER RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt84460 BERWICK ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9411 SPRINGFIELD PIKE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CINCINNATI
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IRS990ScheduleI/RecipientTable/USAddress/CityNm5DAYTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm7MIDDLETOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm8CINCINNATI
IRS990ScheduleI/RecipientTable/USAddress/CityNm9CINCINNATI
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd045202
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IRS990ScheduleI/Total501c3OrgCnt0213
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0207
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt01168012
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES FIFTH THIRD BANK TO PROCESS AND SELL STOCK DONATIONS
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 1, PART I, LINE 32B
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO RAISE FUNDS FOR SUPPORT OF AND TO PROMOTE: (A) PRIESTLY FORMATION AND CATHOLIC ELEMENTARY AND SECONDARY EDUCATION WITHIN THE ARCHDIOCESE OF CINCINNATI, (B) CARE FOR RETIRED, SICK AND ELDERLY DIOCESAN PRIESTS INCARDINATED IN THE ARCHDIOCESE OF CINCINNATI WHO DEDICATED THEMSELVES TO THE CATHOLIC FAITH BY PROVIDING SERVICES WITHIN THE ARCHDIOCESE OF CINCINNATI; AND (C) CARE OF POOR, VULNERABLE AND UNDERPRIVILEGED IN SOUTHWEST OHIO; TO DISTRIBUTE FUNDS AND GRANTS TO ORGANIZATIONS DEDICATED TO SIMILAR PURPOSES; AND (D) OTHER CHARITABLE PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MAUREEN RUSSELL RICHARD RUSSELL DIRECTOR DIRECTOR SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ARCHBISHOP DENNIS SCHNURR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 WAS REVIEWED BY THE MANAGEMENT AND THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION REQUIRES WRITTEN ACKNOWLEDGEMENT OF THE POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE OHIO SECRETARY OF STATE'S WEB SITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ARCHDIOCESE OF CINCINNATI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PRIEST RETIREMENT FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CATHOLIC EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ATHENAUEM OF OHIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0310538501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1452915519
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501 C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501C3

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