Catholic Community Foundation of Long Island Inc

EIN: 812709862 501(c)(3) Religion

Hicksville, NY

Total Revenue
$678,830
Total Expenses
$1,840,612
Total Assets
$2,746,014
Net Assets
$-13,650
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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
2016
Legal Domicile
NY
Principal Officer
Mark Ackerman
Phone
5169340113
Tax Period
2020-01-01 to 2020-12-31

Catholic Community Foundation of Long Island Inc, founded in 2016, is a small nonprofit in the Religion sector that reported $679K in total revenue in fiscal year 2020. Revenue surged 287% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 171% operating deficit.

Mission

THE CATHOLIC COMMUNITY FOUNDATION OF LONG ISLAND IS COMMITTED TO GENERATING SIGNIFICANT PHILANTHROPIC RESOURCES TO SUPPORT THE MANY DYNAMIC MINISTRIES OF THE CATHOLIC CHURCH ON LONG ISLAND AND BEYOND. THIS INDEPENDNET FOUNDATION IS GOVERNED BY MEMBERS OF THE LAITY AND IS DEDICATED TO ASSURING THAT THE MINISTRIES OF THE CHURCH ON LONG ISLAND HAVE THE RESOURCES NEEDED TO ASSURE THAT THEIR WORK CONTINUES AND FLOURISHES. THE FOUNDATION WILL SEEK TO SUPPORT THE MINISTRIES SO THAT THEY MAY CONTINUE TO SERVE THE PEOPLE OF LONG ISLAND AND SUSTAIN THEIR POSITIVE IMPACT ON THE LONG ISLAND COMMUNITY AND BEYOND.

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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 (2020)

Revenue Breakdown

Contributions & Grants $699,113
Program Service Revenue $0
Investment Income $-20,283
Other Revenue $0
TOTAL REVENUE $678,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,056,692
Fundraising Expenses $998,771
Other Expenses $783,920
TOTAL EXPENSES $1,840,612

Year-over-Year Comparison

2020 2019 Change
Revenue $678,830 $175,495 +2.9%
Expenses $1,840,612 $843,860 +1.2%
Net Income $-1,161,782 $-668,365 +0.7%
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
8
Independent Members
8
Employees
2
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
6
$1,073,807
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Ackerman President & CEO 40.00
Officer
$642,000 $55,067 $697,067
Elise Pallotta Development Dir 40.00
Officer
$365,000 $11,740 $376,740
Michael Maturo Chairman 1.00
Officer Director
$0 $0 $0
Brian T Shea Vice Chairman 1.00
Officer Director
$0 $0 $0
Alfonso Martinez-Fontz Treasurer 1.00
Officer Director
$0 $0 $0
Claudio Del Vecchio Secretary 1.00
Officer Director
$0 $0 $0
Robert Alexander Director 1.00
Director
$0 $0 $0
Most Reverend John O Barres Director 1.00
Director
$0 $0 $0
Richard Conniff Director 1.00
Director
$0 $0 $0
Joseph Tantillo Director 0.00
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
2020 $678,830 $1,840,612 $2,746,014 $-1,161,782
2019 $262,538 $1,386,590 $2,857,678 $-1,124,052
2018 $3,028,002 $87,453 $2,955,555 $2,940,549
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