Catholic Community foundation's mission is to foster faith-based stewardship in the Community for spiritual, educational and charitable benefit for all.

85¢ of each $1 spent went to programs.
Run by 25 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.4M a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$434K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Plus $186.4M in investments, Pt X · Ln 11–13
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $615K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$65.7M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
34
of 34 voting members
Looks good: 34 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.0M
+55% vs prior year
Spent
$28.0M
To programs
85%
Net assets
$157.8M
By yearFY2020–FY2024
Revenue
$31.0M
FY2024▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.5M
FY2021$50.0M
FY2022$14.3M
FY2023$19.9M
FY2024$31.0M
Expenses
$28.0M
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.3M
FY2021$26.9M
FY2022$30.0M
FY2023$22.4M
FY2024$28.0M
Net assets
$157.8M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$154.8M
FY2021$180.7M
FY2022$144.4M
FY2023$153.6M
FY2024$157.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $23.9M Management & general 3% · $765K Fundraising 12% · $3.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

37 people listed on the 990; $434K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$197,880Pt VII · Sec A
Asst. Executive Director
$122,909Pt VII · Sec A
Dir.of Develop.for Educati
$113,338Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Patrick J Grace$197,880$192,524$193,136$178,434$172,760
Mary Louise Ozimek$122,909$122,798$119,924$110,232$102,989
Robert Hickey————$115,360
Fred Roberts$113,338$110,384$108,127——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Catholic Community Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises funds and awards grants to support Catholic spiritual, educational, and social service programs serving families, seniors, and individuals in need throughout Cleveland.

Questions for Catholic Community Foundation

Tap to ask. Catholic Community Foundation sees how many people are interested.

Your first name shows with your question. Catholic Community Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $11.5M · in their own filed words · FY2024
01

The foundation engages in charitable fundraising and grant-making activities to support tuition assistance, curriculum enhancement, and programmatic needs of catholic elementary and secondary schools and catechetical services.

$5.1Mprogram expense
02

In 2019, the foundation initiated the "heart of a shepherd campaign" to fund the urgent need for capital renovations of borromeo seminary and ST. Mary seminary, to add to the priests' retirement fund, and to provide relief to newly ordained priests who have student loans outstanding, and provide an opportunity for parishes across the…

$4.4Mprogram expense
03

The foundation engages in charitable fundraising and grant-making activities for cleveland catholic diocesan agencies and institutions. Although not shown as revenue on form 990, the foundation raised $21,198,809 primarily for the catholic charities corporation of cleveland in 2024 through the foundation's annual appeal and other donor…

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 175 grants · $103.2M · 2020–2024
See all 175 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$31.0M
Ln 12
Investment incomeLn 3$15.0M
Gifts and grantsLn 1h$12.4M
Fees for servicesLn 2g$3.6M
Money outPt IX
$28.0M
Ln 25
Programscol B$23.9M
Managementcol C$765K
Fundraisingcol D$3.4M
Owns and owesPt X
$157.8M
net assets · Ln 32
Cash and savingsLn 1–2$33.0M
Total assetsLn 16$223.5M
LiabilitiesLn 26$65.7M
PeoplePt VI, VII
37
listed · VII A
PaidVII A3
Voting boardVI 1a34
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.4M
Noncash giftsLn 1g$5.6M
Fundraising eventsLn 1c$68K
Fees for servicesLn 2g$3.6M
Investment incomeLn 3$15.0M
Other incomeLn 4–11$17K
Gains on assetsLn 7$10.8M
Total revenueLn 12$31.0M
Assets in detailPt X, end of year
CashLn 1$3.8M
SavingsLn 2$29.2M
Cash and savings togetherLn 1–2$33.0M
InvestmentsLn 11–13$186.4M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$2.1M
Total assetsLn 16$223.5M
LiabilitiesLn 26$65.7M
Net assetsLn 32$157.8M
OperationsPt I, VI
EmployeesI 519
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$29.6M$33.0M
InvestmentsLn 11–13$181.0M$186.4M
Land, buildings, equipmentLn 10c$7K$4K
Total assetsLn 16$217.7M$223.5M
LiabilitiesLn 26$64.1M$65.7M
Net assetsLn 32$153.6M$157.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23.0M$23.0M
Pay of current officers, directors and key staffLn 5$230K$69K$21K$140K
Other salaries and wagesLn 7$1.6M$476K$152K$991K
Pension plan contributionsLn 8$95K$33K$7K$55K
Other employee benefitsLn 9$261K$89K$21K$151K
Payroll taxesLn 10$137K$47K$11K$79K
Accounting feesLn 11c$50K$11K$6K$33K
Investment management feesLn 11f$453K$453K
Other fees for servicesLn 11g$206K$45K$26K$135K
Advertising and promotionLn 12$59K$3K$5K$52K
Office expensesLn 13$18K$5K$8K$5K
Information technologyLn 14$143K$96K$1K$45K
OccupancyLn 16$77K$27K$49K$760
TravelLn 17$13K$595$1K$11K
Conferences, conventions and meetingsLn 19$8K$982$2K$5K
Depreciation, depletion and amortizationLn 22$3K$987$2K
Other expenses (24a–d)Ln 24$1.6M$1.6M
All other expensesLn 24e$45K$45K
Total functional expensesLn 25$28.0M$23.9M$765K$3.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $31.0M$28.0M$2.9M$157.8M 990 PDF
FY2023 $19.9M$22.4M−$2.5M$153.6M 990 PDF
FY2022 $14.3M$30.0M−$15.7M$144.4M 990 PDF
FY2021 $50.0M$26.9M$23.1M$180.7M 990 PDF
FY2020 $25.5M$16.3M$9.2M$154.8M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $30,956,507 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,343,967$12,367,817
I-9 Program service revenuePrior year $3,258,918$3,617,066
I-10 Investment incomePrior year $6,989,798$14,954,848
I-11 Other revenuePrior year $329,270$16,776
I-12 Total revenuePrior year $19,921,953$30,956,507
I-13 Grants and similar amounts paidPrior year $19,192,563$22,980,458
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,250,792$2,342,097
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $982,894$2,721,297
I-18 Total expensesPrior year $22,426,249$28,043,852
I-19 Revenue less expensesPrior year −$2,504,296$2,912,655
Part VI · Governance 34 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members34
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $30,956,507 across 10 lines filed
VIII-1c Fundraising events$68,280
VIII-1f All other contributions, gifts and grants$12,299,537
VIII-1g Noncash contributions (included above)$5,602,455
VIII-1h Total contributions, gifts and grants$12,367,817
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,617,066$3,617,066
VIII-3 Investment incomeExcluded from tax $4,159,515$4,159,515
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,795,333$10,795,333
VIII-8 Net income from fundraising eventsExcluded from tax $13,876$13,876
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,900$2,900
VIII-12 Total revenueRelated to mission $3,619,966 · Unrelated business $0 · Excluded from tax $14,968,724$30,956,507
Part IX · Statement of functional expenses $28,043,852 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $22,980,458$22,980,458
IX-5 Pay of current officers, directors and key staffPrograms $69,095 · Management $21,055 · Fundraising $139,605$229,755
IX-7 Other salaries and wagesPrograms $476,270 · Management $151,786 · Fundraising $991,381$1,619,437
IX-8 Pension plan contributionsPrograms $32,526 · Management $7,486 · Fundraising $55,111$95,123
IX-9 Other employee benefitsPrograms $89,236 · Management $20,539 · Fundraising $151,199$260,974
IX-10 Payroll taxesPrograms $46,779 · Management $10,767 · Fundraising $79,262$136,808
IX-11c Accounting feesPrograms $10,875 · Management $6,367 · Fundraising $32,858$50,100
IX-11f Investment management feesManagement $452,741$452,741
IX-11g Other fees for servicesPrograms $44,743 · Management $26,198 · Fundraising $135,192$206,133
IX-12 Advertising and promotionPrograms $2,519 · Management $4,678 · Fundraising $51,630$58,827
IX-13 Office expensesPrograms $4,959 · Management $8,160 · Fundraising $4,958$18,077
IX-14 Information technologyPrograms $96,077 · Management $1,338 · Fundraising $45,183$142,598
IX-16 OccupancyPrograms $26,898 · Management $49,428 · Fundraising $760$77,086
IX-17 TravelPrograms $595 · Management $1,106 · Fundraising $11,343$13,044
IX-19 Conferences, conventions and meetingsPrograms $982 · Management $1,823 · Fundraising $5,009$7,814
IX-22 Depreciation, depletion and amortizationPrograms $987 · Management $1,834$2,821
IX-24 Other expenses (24a–d)Fundraising $1,646,884$1,646,884
IX-24e All other expensesFundraising $45,172$45,172
IX-25 Total functional expensesPrograms $23,882,999 · Management $765,306 · Fundraising $3,395,547$28,043,852
Part X · Balance sheet $223,540,940 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,505,490$3,805,884
X-2 Savings and temporary cash investmentsStart of year $27,126,066$29,232,144
X-3 Pledges and grants receivableStart of year $5,785,394$1,762,440
X-4 Accounts receivableStart of year $4,300$301,200
X-10c Land, buildings and equipment, netStart of year $7,007$4,186
X-11 Publicly traded securitiesStart of year $176,869,531$182,657,375
X-12 Other securitiesStart of year $4,123,318$3,708,113
X-15 Other assetsStart of year $1,272,513$2,069,598
X-16 Total assetsStart of year $217,693,619$223,540,940
X-17 Accounts payable and accrued expensesStart of year $558,146$207,572
X-18 Grants payableStart of year $1,110,237$383,969
X-25 Other liabilitiesStart of year $345,985$661,844
X-26 Total liabilitiesStart of year $64,121,582$65,737,978
X-27 Net assets without donor restrictionsStart of year $11,208,446$12,292,325
X-28 Net assets with donor restrictionsStart of year $142,363,591$145,510,637
X-32 Total net assets or fund balancesStart of year $153,572,037$157,802,962
X-33 Total liabilities and net assetsStart of year $217,693,619$223,540,940
Part XI · Reconciliation of net assets $157,802,962 net assets at year end
XI-1 Total revenue$30,956,507
XI-2 Total expenses$28,043,852
XI-3 Revenue less expenses$2,912,655
XI-4 Net assets at start of year$153,572,037
XI-5 Net unrealized gains (losses) on investments$1,303,481
XI-9 Other changes in net assets$14,789
XI-10 Net assets at end of year$157,802,962

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.