Catholic Community Foundation for the Diocese of Phoenix

EIN: 860465177 501(c)(3) Religion

Tempe, AZ

Total Revenue
$8,876,470
Total Expenses
$4,934,500
Total Assets
$122,311,875
Net Assets
$78,214,911
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AZ
Principal Officer
James Carabajal
Phone
4806518800
Tax Period
2023-07-01 to 2024-06-30

Catholic Community Foundation for the Diocese of Phoenix, founded in 1983, is a community nonprofit in the Religion sector that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.9M, a strong 44% operating margin.

Mission

The Catholic Community Foundation is an independent 501c3 and a recognized Canonical entity that encourages compassionate charitable giving to provide sustainable support for those who serve our community.

Program Service Accomplishments

Program 1
Expenses: $2,069,051 Revenue: $76,619

Donor-Advised Fund Program - The Catholic Community Foundation CCF, or the Foundation offers both a traditional donor-advised fund DAF and a complimentary DAF option, allowing donors to choose their...

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Donor-Advised Fund Program - The Catholic Community Foundation CCF, or the Foundation offers both a traditional donor-advised fund DAF and a complimentary DAF option, allowing donors to choose their preferred investment strategy. The traditional DAF is invested in the market, while the complimentary DAF remains uninvested. A key feature of CCFs DAF program is that all funds are invested in Catholic-compliant portfolios that align with Catholic Social Teaching, as outlined by the United States Conference of Catholic Bishops USCCB. This program upholds Catholic values by enabling grants to all eligible organizations that adhere to these teachings, providing a diverse array of options for philanthropic support.

Program 2
Expenses: $894,019 Revenue: $670,926

Endowment Program -The Catholic Community Foundation professionally manages permanent, temporary, and quasi-endowments for nonprofits and individuals as a core service offering. All endowments are...

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Endowment Program -The Catholic Community Foundation professionally manages permanent, temporary, and quasi-endowments for nonprofits and individuals as a core service offering. All endowments are invested in a professionally managed, commingled investment pool that aligns with Catholic Social Teaching, as prescribed by the United States Conference of Catholic Bishops USCCB. This investment strategy is 99 Catholic screened, and all proxy votes are cast in accordance with Catholic values. The Foundation acts as a fiduciary to ensure the endowment lasts in perpetuity and complies with the regulations of the Uniform Prudent Management of Institutional Funds Act UPMIFA. The Foundation also offers an endowment building program for nonprofits called endowment drives, which utilize matching funds to encourage donors to learn about the purpose and uses of an endowment while contributing to the funds growth for the future. The Foundation has a 1 million matching program to support permanent endowments within the community, having matched nearly 4 million in the past five fiscal years.

Program 3
Expenses: $300,463

Scholarship Programs - The Catholic Community Foundation provides scholarship opportunities for students attending Catholic elementary and high schools within the Diocese of Phoenix, as well as for...

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Scholarship Programs - The Catholic Community Foundation provides scholarship opportunities for students attending Catholic elementary and high schools within the Diocese of Phoenix, as well as for post-secondary students. The Foundation offers a service-based scholarship, known as the Christian Service Award, alongside a needs-based tuition assistance program, known as the Catholic Community Foundation Scholarship. Additionally, the Foundation allows for named and memorial scholarships, which can be detailed and specific or generic in nature. All applications are evaluated by an independent volunteer committee. In fiscal year 2024, the Foundation awarded 300,463 in scholarship funds to 130 students across 8 Catholic elementary schools, 8 Catholic high schools, and 9 post-secondary institutions.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,744,136
Program Service Revenue $1,140,067
Investment Income $1,992,267
Other Revenue $0
TOTAL REVENUE $8,876,470

Expense Breakdown

Grants Paid $3,400,768
Salaries & Benefits $1,081,632
Fundraising Expenses $645,935
Program Expenses $3,656,100
Other Expenses $452,100
TOTAL EXPENSES $4,934,500

Year-over-Year Comparison

2023 2022 Change
Revenue $8,876,470 $7,733,823 +0.1%
Expenses $4,934,500 $3,629,634 +0.4%
Net Income $3,941,970 $4,104,189 0.0%
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
21
Independent Members
21
Employees
8
Volunteers
50

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
$440,632
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Carabajal CEO 040.00
Officer
$228,141 $17,682 $245,823
Kyle Felix COO/CFO 040.00
Officer
$177,627 $17,182 $194,809
Bishop John Dolan Bishop 001.00
Director
$0 $0 $0
Kevin Camberg Chairman 001.00
Officer Director
$0 $0 $0
Gary Naquin Vice Chairman 001.00
Officer Director
$0 $0 $0
Kevin Boudreau Treasurer 001.00
Officer Director
$0 $0 $0
Brett Johnson Secretary 001.00
Officer Director
$0 $0 $0
Fr John Muir Vicar General 001.00
Director
$0 $0 $0
Karen Abraham Immediate Past Chair 001.00
Director
$0 $0 $0
Maria Chavira Chancellor, Ex-Officio 001.00
Director
$0 $0 $0
F Michael Geddes Lifetime Board Member 001.00
Director
$0 $0 $0
Cathy Bergmann Board Member 001.00
Director
$0 $0 $0
Fr John Bonavitacola Board Member 001.00
Director
$0 $0 $0
Chris Campisano Board Member 001.00
Director
$0 $0 $0
Janine Campo Board Member 001.00
Director
$0 $0 $0
Ann Couch Board Member 001.00
Director
$0 $0 $0
Deb Frere Board Member 001.00
Director
$0 $0 $0
Sr Mary Jordan Hoover Board Member 001.00
Director
$0 $0 $0
Fr Matthew Lowry Board Member 001.00
Director
$0 $0 $0
Dr Connie Mariano Board Member 001.00
Director
$0 $0 $0
Lisa Reilly Payton Board Member 001.00
Director
$0 $0 $0
Cynthia Scheller Board Member 001.00
Director
$0 $0 $0
Tony Tanner Board Member 001.00
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
2025 No data No data No data No data
2024 $8,876,470 $4,934,500 $122,311,875 $3,941,970
2023 $7,733,823 $3,629,634 $113,455,355 $4,104,189
2022 $16,206,204 $4,233,248 $102,374,929 $11,972,956
2021 $9,364,520 $3,277,578 $101,180,197 $6,086,942
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