THE CATHOLIC COMMUNITY FUND OF THE ARCHDIOCESE OF BOSTON INC

EIN: 043071454 501(c)(3) Religion

BRAINTREE, MA

Total Revenue
$12,932,475
Total Expenses
$12,062,554
Total Assets
$98,205,738
Net Assets
$87,914,273
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MA
Principal Officer
GAVAN MOONEY
Phone
6177465728
Tax Period
2022-07-01 to 2023-06-30

THE CATHOLIC COMMUNITY FUND OF THE ARCHDIOCESE OF BOSTON INC, founded in 1989, is a mid-sized nonprofit in the Religion sector that reported $12.9M in total revenue in fiscal year 2022. Expenses of $12.1M left a modest 7% surplus.

Mission

THE CATHOLIC COMMUNITY FUND OF THE ARCHDIOCESE OF BOSTON, INC. ("CCF") WAS ORGANIZED AS THE THIRD CENTURY FUND UNDER MASSACHUSETTS LAW ON NOVEMBER 15, 1989, RENAMED THE CATHOLIC FOUNDATION OF THE ARCHDIOCESE OF BOSTON, INC. ("CATHOLIC FOUNDATION") IN 2000, AND RENAMED TO ITS CURRENT NAME IN 2011. THE PURPOSE OF CCF IS TO DEVELOP INSTITUTIONAL SUPPORT, BOTH BY WAY OF RAISING FUNDS FOR ENDOWMENT AND OTHER SOURCES OF FINANCIAL SUPPORT, IN ORDER TO ADVANCE THE MINISTRIES AND PROGRAMS OF THE ARCHDIOCESE OF BOSTON (THE "ARCHDIOCESE"), AND TO RECEIVE GIFTS AND BEQUESTS, WHETHER RESTRICTED OR UNRESTRICTED, ENDOWMENT OR NON-ENDOWMENT, AND TO MANAGE AND EXPEND ALL SUCH FUNDS CONSISTENT WITH THEIR PURPOSES AND THE CHARITABLE INTENT OF THE DONORS. IN DOING SO, CCF IS HELPING TO FULFILL AND SUPPORT THE MISSION OF THE ARCHDIOCESE. DURING FISCAL YEAR 2018, CCF ASSUMED THE RESPONSIBILITY TO RECEIVE, MANAGE AND DISTRIBUTE GIFTS RELATED TO THE INSPIRING HOPE CAMPAIGN FOR THE ARCHDIOCESE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,422,955
Program Service Revenue $0
Investment Income $2,509,520
Other Revenue $0
TOTAL REVENUE $12,932,475

Expense Breakdown

Grants Paid $11,384,786
Salaries & Benefits $0
Fundraising Expenses $316,940
Program Expenses $11,384,786
Other Expenses $677,768
TOTAL EXPENSES $12,062,554

Year-over-Year Comparison

2022 2021 Change
Revenue $12,932,475 $13,233,064 0.0%
Expenses $12,062,554 $21,826,476 -0.4%
Net Income $869,921 $-8,593,412 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAVAN MOONEY PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN E STRAUB TREASURER 1.00
Officer Director
$0 $0 $0
FRANCIS O'CONNOR ESQ SECRETARY 1.00
Officer Director
$0 $0 $0
CARDINAL SEAN P O'MALLEY OFMC CHAIRMAN 1.00
Officer Director
$0 $0 $0
LYNNE E SULLIVAN EXECUTIVE DIRECTOR 1.00
Director
$0 $0 $0
VERY REV WILLIAM P JOY TRUSTEE 1.00
Director
$0 $0 $0
KEVIN P MARTIN JR CPA MST TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA M DINNEEN PHD TRUSTEE 1.00
Director
$0 $0 $0
DANIEL L FITZGERALD TRUSTEE 1.00
Director
$0 $0 $0
JAMES P HEALEY TRUSTEE 1.00
Director
$0 $0 $0
JEROME MEIER MBA TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE MONAGHAN O'BRIEN JD TRUSTEE 1.00
Director
$0 $0 $0
ADELENE PERKINS MBA TRUSTEE 1.00
Director
$0 $0 $0
MARY L RYAN TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $12,932,475 $12,062,554 $98,205,738 $869,921
2022 $13,233,064 $21,826,476 $92,571,104 $-8,593,412
2021 $12,241,413 $13,461,007 $123,922,758 $-1,219,594
2020 $24,508,990 $19,654,565 $107,895,032 $4,854,425
2019 $32,675,717 $24,921,913 $102,777,464 $7,753,804
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