Catholic Foundation of Oklahoma

Legal name: Catholic Foundation of Oklahoma Inc

Nonprofit profile at a glance

EIN
730773715
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Oklahoma City, OK, US
Phone
(405) 721-4115
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support
Affiliation
Christianity

Official website

Reported finances

Revenue
$9,945,529
Expenses
$5,228,625
Assets
$93,110,614
Liabilities
$49,621,353

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Peter L de Keratry (Executive Director (Until 10/2024))
  • Rebecca David (Interim Executive Director)
  • Steve Winkler (President)
  • Whitney Hufnagel (Past President)
  • Charles Duginski (Vice President)

Highest reported compensation

  • Peter L de Keratry (Executive Director (Until 10/2024)): $229,021 total reported compensation
  • Brian McQuade (Secretary/Treasurer): $106,523 total reported compensation
  • Rebecca David (Interim Executive Director): $99,819 total reported compensation

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

Overview

Mission

To inspire generosity leading to endowments and charitable funds supporting parishes, schools and other ministries of the Catholic Church in central and western Oklahoma.

What it reported doing in 2024

The Catholic Foundation was incorporated as a nonprofit entity whose mission is to procure and build endowment funds to support the ministries and entities of the Archdiocese of Oklahoma City. With the spiritual leadership and guidance of the Archbishop of Oklahoma City, the Foundation is managed by a Board of Directors, consisting of priests, deacons and professional lay men and women representing the various geographic areas of the Archdiocese of Oklahoma City. Program service statement continued on Schedule O.Endowment and Charitable Fund Stewardship: The Catholic Foundation of Oklahoma establishes and administers endowed funds and other charitable funds to provide long-term financial support for Catholic parishes, schools, ministries, and programs serving the Archdiocese of Oklahoma City. The Foundation works with donors to create funds that reflect their philanthropic intentions while ensuring professional investment management and responsible stewardship consistent with Catholic values and donor intent. Annual distributions from these funds provide sustainable financial support to Catholic ministries and programs across the archdiocese.During the year, the Foundation administered charitable and endowment funds providing annual distributions to support Catholic ministries, parishes, schools, and charitable programs.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 66
  • Accountability: 79
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.3%; rating input score 49
  • Program expense ratio: 80.8%; rating input score 81
  • Fundraising efficiency: $35.04 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 25th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 88.4%; rating input score 88; 25th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 19th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 47.4%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 17.81; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 20.3% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 15.3% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 49.3% of revenue deployed · 80.8% of spending went to programs
  • Governance: 14 of 16 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.2M in reported program spending
  • Leadership: top reported pay $229K · 18 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 61 filed money-flow records
  • Related organizations: 60 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.