CATHOLIC EDUCATION SCHOLARSHIP TRUST

EIN: 367632823 501(c)(3)

CHICAGO, IL

Total Revenue
$2,255,452
Total Expenses
$2,693,207
Total Assets
$67,713,822
Net Assets
$67,315,396
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IL
Principal Officer
BETSY BOHLEN
Phone
3126306948
Tax Period
2023-07-01 to 2024-06-30

CATHOLIC EDUCATION SCHOLARSHIP TRUST, founded in 2013, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO CHILDREN IN CATHOLIC SCHOOLS LISTED IN THE OFFICIAL CATHOLIC DIRECTORY FOR THE ARCHDIOCESE OF CHICAGO.

Program Service Accomplishments

Program 1
Expenses: $2,100,000

CEST WAS ESTABLISHED IN 2013, IN CONJUNCTION WITH THE ARCHDIOCESE OF CHICAGO'S TO TEACH WHO CHRIST IS CAPITAL CAMPAIGN. PHOENIX SCHOLARSHIPS ARE AWARDED BASED ON THE RECOMMENDATIONS OF THE...

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CEST WAS ESTABLISHED IN 2013, IN CONJUNCTION WITH THE ARCHDIOCESE OF CHICAGO'S TO TEACH WHO CHRIST IS CAPITAL CAMPAIGN. PHOENIX SCHOLARSHIPS ARE AWARDED BASED ON THE RECOMMENDATIONS OF THE SCHOLARSHIP DELEGATION COMMITTEE TO FAMILIES WHO DEMONSTRATE FINANCIAL NEED AMONG OTHER CRITERIA DEFINED BY THE BOARD. THE SCHOLARSHIPS ARE PROVIDED TO ELIGIBLE STUDENTS IN GRADES K-12 IN CATHOLIC SCHOOLS THROUGHOUT COOK COUNTY AND LAKE COUNTY. QUALIFIED STUDENTS CAN APPLY FOR THESE RENEWABLE AWARDS THAT FOLLOW THE CHILD SHOULD THEY TRANSFER TO ANOTHER CATHOLIC SCHOOL WITHIN THE ARCHDIOCESE.PHOENIX SCHOLARSHIPS INCLUDE THOSE FUNDED AND DESIGNATED BY SIX SPECIFIC ENDOWMENTS. EACH OF THESE SIX ENDOWMENTS, ESTABLISHED IN PARTNERSHIP WITH CATHOLIC EDUCATION SCHOLARSHIP TRUST DONORS, FUNDS PHOENIX SCHOLARSHIPS WITHIN CRITERIA DICTATED BY DONOR REQUIREMENTS. PHOENIX SCHOLARSHIPS ARE AWARDED EACH YEAR TO ELIGIBLE STUDENTS MEETING THE SPECIFIC CRITERIA OF EACH ENDOWMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $254,805
Program Service Revenue $0
Investment Income $2,000,647
Other Revenue $0
TOTAL REVENUE $2,255,452

Expense Breakdown

Grants Paid $2,100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,100,000
Other Expenses $593,207
TOTAL EXPENSES $2,693,207

Year-over-Year Comparison

2023 2022 Change
Revenue $2,255,452 $1,725,968 +0.3%
Expenses $2,693,207 $2,810,821 0.0%
Net Income $-437,755 $-1,084,853 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOST REVEREND CARDINAL CUPICH BOARD MEMBER 1.00
Director
$0 $0 $0
MARY PATRICIA BURNS BOARD MEMBER 1.00
Director
$0 $0 $0
MR KEVIN SPEICHER BOARD MEMBER 1.00
Director
$0 $0 $0
BISHOP ROBERT CASEY BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD L HOCTER BOARD MEMBER 1.00
Director
$0 $0 $0
GREG RICHMOND BOARD MEMBER 1.00
Director
$0 $0 $0
N/A TRUSTEE 1.00
$37,733 $0 $37,733
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
2025 No data No data No data No data
2024 $2,255,452 $2,693,207 $67,713,822 $-437,755
2023 $1,725,968 $2,810,821 $61,063,105 $-1,084,853
2022 $2,168,569 $2,824,728 $57,250,397 $-656,159
2021 $6,023,106 $2,435,034 $69,768,102 $3,588,072
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