MATER ECCLESIAE FUND FOR VOCATIONS INC

EIN: 510612966 501(c)(3) Religion

WEST CHESTER, PA

Total Revenue
$1,319,614
Total Expenses
$817,426
Total Assets
$1,888,891
Net Assets
$1,843,563
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
VA
Phone
8775566338
Tax Period
2024-01-01 to 2024-12-31

MATER ECCLESIAE FUND FOR VOCATIONS INC, founded in 2006, is a community nonprofit in the Religion sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $502K, a strong 38% operating margin.

Mission

THE MISSION OF THE MATER ECCLESIAE FUND FOR VOCATIONS(THE FUND) IS TO INCREASE THE NUMBER OF MEN AND WOMEN IN CATHOLIC RELIGIOUS LIFE BY AWARDING GRANTS TO INDIVIDUALS WHO HAVE VOCATIONS TO THE CATHOLIC RELIGIOUS LIFE, BUT WHO ARE PREVENTED FROM BEGINNING OR CONTINUING THEIR FORMATION BY THEIR PRE-EXISTING STUDENT LOANS.

Program Service Accomplishments

Program 1
Expenses: $376,317

THE FUND OPERATES THE ST.JOSEPH STUDENT DEBT RELIEF GRANT PROGRAM FOR MEN AND WOMEN WITH VOCATIONS TO THE CATHOLIC RELIGIOUS LIFE(INCLUDING THOSE MONASTERIES OR OTHER COMMUNITIES WHOSE MEMBERS MAKE...

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THE FUND OPERATES THE ST.JOSEPH STUDENT DEBT RELIEF GRANT PROGRAM FOR MEN AND WOMEN WITH VOCATIONS TO THE CATHOLIC RELIGIOUS LIFE(INCLUDING THOSE MONASTERIES OR OTHER COMMUNITIES WHOSE MEMBERS MAKE VOWS OF POVERTY, CHASTITY AND OBEDIENCE AS WELL AS THOSE IN SOCIETIES OF APOSTOLIC LIFE, WHOSE MEMBERS DO NOT MAKE SUCH VOWS)BUT WHO ARE PREVENTED FROM BEGINNING OR CONTINUING THEIR RELIGIOUS FORMATION DUE TO THEIR PRE-EXISTING STUDENT LOANS. IN 2024, THE FUND AWARDED 35 NEW GRANTS. IN TOTAL, 53 MEN AND 115 WOMEN WERE BENEFICIARIES UNDER THIS PROGRAM IN 2024. AT DECEMBER 31,2024, THESE GRANTS ARE REFLECTED IN A CONTINGENT LIABILITY OF $1,878,698 FOR FUTURE GRANT PAYMENTS.

Program 2
Expenses: $248,293

THE FUND CONDUCTS AN ONGOING PUBLIC EDUCATION AND AWARENESS CAMPAIGN TO INFORM MEMBERS OF THE CATHOLIC FAITHFUL ABOUT THE TREMENDOUS PROBLEM FACING MEN AND WOMEN WHO ARE PREVENTED FROM PURSUIBG THEIR...

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THE FUND CONDUCTS AN ONGOING PUBLIC EDUCATION AND AWARENESS CAMPAIGN TO INFORM MEMBERS OF THE CATHOLIC FAITHFUL ABOUT THE TREMENDOUS PROBLEM FACING MEN AND WOMEN WHO ARE PREVENTED FROM PURSUIBG THEIR VOCATIONS TO THE CATHOLIC PRIESTHOOD AND/OR THE FUND CONDUCTS AN ONGOING PUBLIC EDUCATION AND AWARENESS CAMPAIGN TO INFORM MEMBERS OF THE CATHOLIC FAITHFUL ABOUT THE TREMENDOUS PROBLEM FACING MEN AND WOMEN WHO ARE PREVENTED FROM PURSUING THEIR VOCATIONS TO THE CATHOLIC PRIESTHOOD AND/OR RELIGIOUS LIFE BY THEIR STUDENT DEBTS. IN 2024, APPROXIMATELY 120,000 CATHOLIC HOUSEHOLDS WERE CONTACTED THROUGH A DIRECT MAIL PROGRAM (INCLUDING BOTH POSTAL MAIL AND EMAIL) ABOUT THIS PROBLEM AND ABOUT THE SOLUTION DEVELOPED BY THE FUND. THE FUND ALSO OPERATES THROUGH ITS WEBSITE, FUNDFORVOCATIONS.ORG, AND ON SOCIAL MEDIA, INCLUDING FACEBOOK, INSTAGRAM, LINKEDIN AND YOUTUBE. FACEBOOK PAGES LOGGED APPROXIMATELY 45,200 PAGE REACHES AND OVER 4,900 VISITS. INSTAGRAM REPORTED APPROXIMATELY 241,000 PAGE REACHES AND OVER 10,900 VISITS. LINKED IN, THE YOUTUBE CHANNEL AND THE WEBSITE ALL EXPERIENCED POSITIVE ACTIVITY IN 2024.

Program 3
Expenses: $256

VITA CONSECRATA EVENT : IN JULY 2024, THE FUND HOSTED A DINNER MEETING TO MEET AND TO THANK MEN AND WOMEN IN RELIGIOUS LIFE OR THEIR LIVES OF PRAYER, SACRIFICE AND SERVICE TO THE CHURCH AND TO THE...

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VITA CONSECRATA EVENT : IN JULY 2024, THE FUND HOSTED A DINNER MEETING TO MEET AND TO THANK MEN AND WOMEN IN RELIGIOUS LIFE OR THEIR LIVES OF PRAYER, SACRIFICE AND SERVICE TO THE CHURCH AND TO THE WORLD, AS WELL AS TO FAMILIARIZE THEM WITH THE WORK OF THE FUND. THE EVENT WAS HELD IN CONJUCTION WITH THE VITA CONSECRATA INSTITUTE , A JOINT PROJECT OF THE INSTITUTE ON RELIGIOUS LIFE AND THE NOTRE DAME GRADUATE SCHOOL OF CHRISTENDOM COLLEGE IN FRONT ROYAL, VIRGINIA.APPROXIMATELY 60 MEN AND WOMEN IN RELIGIOUS LIFE, TOGETHER WITH FACULTY AND STAFF ATTENDED THE EVENT.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,283,036
Program Service Revenue $0
Investment Income $36,578
Other Revenue $0
TOTAL REVENUE $1,319,614

Expense Breakdown

Grants Paid $253,375
Salaries & Benefits $298,973
Fundraising Expenses $138,794
Program Expenses $624,866
Other Expenses $265,078
TOTAL EXPENSES $817,426

Year-over-Year Comparison

2024 2023 Change
Revenue $1,319,614 $1,014,656 +0.3%
Expenses $817,426 $687,801 +0.2%
Net Income $502,188 $326,855 +0.5%
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
8
Independent Members
8
Employees
3
Volunteers
8

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
$162,385
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY RADFORD Executive Dir. 40.00
Officer
$154,000 $8,385 $162,385
ANNE FOLAN President 5.00
Officer Director
$0 $0 $0
SR ANN DOMINIC MAHOWALD Director 1.00
Director
$0 $0 $0
DENNIS MCGONIGLE Treasurer 2.00
Officer Director
$0 $0 $0
RACHEL MCGONIGLE Director 1.00
Director
$0 $0 $0
TERENCE O'DAY Director 1.00
Director
$0 $0 $0
SUSAN O'DAY Director 1.00
Director
$0 $0 $0
TIMOTHY FLANIGAN Director 1.00
Director
$0 $0 $0
BECKY TOPP Secretary 1.00
Officer 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
2025 No data No data No data No data
2024 $1,319,614 $817,426 $1,888,891 $502,188
2023 $1,014,656 $687,801 $1,366,334 $326,855
2022 $861,372 $542,411 $1,032,199 $318,961
2021 $872,191 $590,367 $723,410 $281,824
2020 $707,102 $550,636 $427,724 $156,466
2019 $335,895 $336,054 $264,392 $-159
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