Catholic Community Foundation

Nonprofit profile at a glance

EIN
341908579
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Cleveland, OH, USA
Phone
2166966525
Rating
83
Verdict
STRONG
Rating confidence
Standard
Affiliation
Christianity

Official website

Reported finances

Revenue
$30,956,507
Expenses
$28,043,852
Assets
$223,540,940
Liabilities
$65,737,978

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • PATRICK J GRACE (EXECUTIVE DIRECTOR)
  • MARY LOUISE OZIMEK (ASST. EXECUTIVE DIRECTOR)

Highest reported compensation

  • PATRICK J GRACE (EXECUTIVE DIRECTOR): $229,755 total reported compensation
  • FRED ROBERTS (DIR.OF DEVELOP.FOR EDUCATI): $143,146 total reported compensation
  • MARY LOUISE OZIMEK (ASST. EXECUTIVE DIRECTOR): $140,623 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2024

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 gifts. Catholic charities health and human services is built around a comprehensive approach to delivering services concentrated around four areas: children and families, basic assistance, disabilities, and older adults. Catholic charities has over 150 services at 60 locations throughout the diocese of cleveland - cuyahoga, ashland, geauga, lake, lorain, medina, summit, and wayne counties.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 72
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 85.2%; rating input score 85
  • Fundraising efficiency: $3.64 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.5%; rating input score 100; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.4%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 7.97; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 1.8%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: -7.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 85.2% of spending went to programs
  • Governance: 34 of 34 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $23.9M in reported program spending
  • Leadership: top reported pay $230K · 37 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $543K reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 48 filed money-flow records
  • Related organizations: 47 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.