Catholic Community Foundation
Legal name: Catholic Community Foundation for the Diocese of Phoenix
Nonprofit profile at a glance
- EIN
- 860465177
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2022
- Location
- Tempe, AZ, United States
- Phone
- (480) 651-8800
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Christianity
Reported finances
- Revenue
- $14,458,576
- Expenses
- $5,466,721
- Assets
- $134,311,022
- Liabilities
- $42,290,125
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- James Carabajal (CEO)
Highest reported compensation
- James Carabajal (CEO): $267,544 total reported compensation
- Kyle Felix (COO/CFO): $206,544 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bridging the gap between those with the ability to give and those most in need in the Diocese of Phoenix, rooted in faith and guided by the mission of the Church. Voluntary stewardship is a cornerstone of the Catholic Community Foundation’s continued success, and we especially appreciate each of the people who share their time and talent to serve on the Board of Directors and as committee members. Their service has significantly impacted the lives of many within the Diocese of Phoenix, demonstrating a commitment to sharing the light of Christ through service. The Foundation recognizes and is grateful for the service, dedication, strength, inspiration, and guidance in our mission to parishes, non-profits, Catholic schools, and others within the Diocese of Phoenix. Board of Directors Committees Board of Directors.
What it reported doing in 2024
Endowment Program - The Catholic Community Foundation professionally manages permanent, temporary, and quasi-endowments for nonprofits and individuals as a core service offering. All endowments are invested in a professionally managed, commingled investment pool that aligns with Catholic Social Teaching, as prescribed by the United States Conference of Catholic Bishops USCCB. This investment strategy is 99 Catholic screened, and all proxy votes are cast in accordance with Catholic values. The Foundation acts as a fiduciary to ensure the endowment lasts in perpetuity and complies with the regulations of the Uniform Prudent Management of Institutional Funds Act UPMIFA. The Foundation also offers an endowment building program for nonprofits called endowment drives, which utilize matching funds to encourage donors to learn about the purpose and uses of an endowment while contributing to the funds growth for the future. Additionally, the Foundation has a 1 million matching program to support permanent endowments within the community, having matched over 4 million in contributions.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 85
- Accountability: 100
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41%; rating input score 41
- Program expense ratio: 73.4%; rating input score 73
- Fundraising efficiency: $15.48 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd 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: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 62.2%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 24.57; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 41% of revenue deployed · 73.4% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $4M in reported program spending
- Leadership: top reported pay $268K · 22 people listed · 4 of 6 pay-setting controls reported
- Consistency: 36 of 37 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 9 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 121 filed money-flow records
- Related organizations: 121 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.