CATHOLIC CHARITIES OF EASTERN VIRGINIA FOUNDATION INC

EIN: 541947584 501(c)(3)

NORFOLK, VA

Total Revenue
$2,760,966
Total Expenses
$9,389
Total Assets
$4,238,621
Net Assets
$3,920,640
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
MARY FICK
Phone
7574562366
Tax Period
2024-07-01 to 2025-06-30

CATHOLIC CHARITIES OF EASTERN VIRGINIA FOUNDATION INC, founded in 2001, is a micro nonprofit that reported $15K in total revenue in fiscal year 2017. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 46% operating margin.

Mission

CATHOLIC CHARITIES OF EASTERN VIRGINIA FOUNDATION PROVIDES INVESTMENT PORTFOLIO MANAGEMENT FOR THE CONTROLLING ORGANIZATION CATHOLIC CHARITIES OF EASTERN VIRGINIA, INC. ON AN ANNUAL BASIS, THE FOUNDATION REVIEWS WITH THE CONTROLLING ORGANIZATION THE POTENTIAL NEED TO TRANSFER EARNINGS FOR USE IN PROGRAM SERVICES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,728,670
Program Service Revenue $0
Investment Income $32,150
Other Revenue $146
TOTAL REVENUE $2,760,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,389
Other Expenses $9,389
TOTAL EXPENSES $9,389

Year-over-Year Comparison

2024 2023 Change
Revenue $2,760,966 $28,432 +96.1%
Expenses $9,389 $65,345 -0.9%
Net Income $2,751,577 $-36,913 -75.5%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$122,463
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARROW MEAD TRUSTEE 0.50
Director
$0 $0 $0
FRED NAPOLITANO TRUSTEE 0.50
Director
$0 $0 $0
STEPHEN K POWELL TRUSTEE 0.50
Director
$0 $0 $0
DAVID REDA TRUSTEE 0.50
Director
$0 $0 $0
PHILIP L RUSSO JR SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
JOYCE BURNS CHAIR 0.50
Officer Director
$0 $0 $0
MARY FICK CHIEF EXECUTIVE OFFICER 0.50
Officer
$0 $0 $122,463
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 $2,760,966 $9,389 $4,238,621 $2,751,577
2024 $28,432 $65,345 $1,361,106 $-36,913
2023 $33,848 $55,055 $1,271,385 $-21,207
2022 $184,278 $44,400 $1,211,100 $139,878
2021 $20,868 $7,274 $1,142,244 $13,594
2020 $136,693 $5,512 $918,656 $131,181
2019 $126,269 $7,790 $799,128 $118,479
2018 $14,650 $7,910 $575,864 $6,740
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