2024-11-01T17:20:03-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 1525 VALLEY CENTER PARKWAY STE 300 BETHLEHEM PA 180172285 990 2023-07-01 464060385 CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA INC CATH 6105541941 2949 W GREENLEAF STREET ALLENTOWN PA 18104 PAUL E HUCK CHAIRMAN 6105541941 2024-10-31 1 0 CARY J GIACALONE II CPA P01799465 6104335501 2024-10-31 2023 2024-10-15 13:58:12Z PAUL E HUCK 2949 W GREENLEAF STREET ALLENTOWN PA 18104 1896374 0 X WWW.CATHOLICFOUNDATIONEP.ORG X 2013 PA TO ALLOW FOR THE DONATION, RESTRICTION, ADMINISTRATION AND DISTRIBUTION OF CERTAIN GIFTS, TO BE HELD IN TRUST FOR BOTH RESTRICTED AND NON-RESTRICTED PURPOSES. 8 8 2 8 0 0 1121666 1218321 142403 221813 100331 456240 0 0 1364400 1896374 535322 388855 0 0 253457 211352 0 0 0 161600 173871 950379 774078 414021 1122296 30512216 43418920 20229076 30932624 10283140 12486296 X CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA, INC., IS A PENNSYLVANIA NONPROFIT CORPORATION, ORGANIZED AND OPERATED FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CATHOLIC FOUNDATION SUPPORTS MINISTRIES OF RELIGION, CHARITY, SERVICE AND EDUCATION WITHIN AND/OR OUTSIDE THE DIOCESE OF ALLENTOWN. 0 0 566846 388854 221813 AS AN INDEPENDENT 501(C)(3) CHARITABLE ORGANIZATION, THE CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA, INC. MANAGES ENDOWMENT ASSETS FOR CATHOLIC PARISHES, EDUCATIONAL INSTITUTIONS, AND MINISTRIES WITHIN AND/OR OUTSIDE THE DIOCESE OF ALLENTOWN, AND THE DISTRIBUTION OF GRANTS TO DESIGNATED BENEFICIARIES. 566846 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 PA X PETER V WALDRON 6105541941 PO BOX 1430 ALLENTOWN PA 18105 PETER V WALDRON PRESIDENT 40.00 X 115500 0 23786 PAUL E HUCK CHAIRMAN 5.00 X X 0 0 0 THOMAS J SCALICI VICE-CHAIRMAN 1.00 X X 0 0 0 JAMES F BOVA TREASURER 1.00 X X 0 0 0 BETH A DOBIS BEERS ESQ SECRETARY 1.00 X X 0 0 0 LINA BARBIERI BOARD MEMBER 1.00 X 0 0 0 MICHAEL D GUMAN BOARD MEMBER 1.00 X 0 0 0 W RUSTY SEYLE BOARD MEMBER 1.00 X 0 0 0 REV MSGR DANIEL J YENUSHOSKY BOARD MEMBER 1.00 X 0 0 0 STEPHANIE KOBAL BOARD MEMBER 1.00 X 0 0 0 115500 0 23786 1 0 0 0 0 1218321 1218321 ADMINISTRATION FEES 561000 221813 221813 221813 366763 366763 89477 0 89477 89477 89477 1896374 221813 0 456240 388855 388855 139712 104784 34928 49200 49200 8454 7539 915 13986 11180 2806 5491 5491 54002 54002 32798 32798 28983 28983 24775 5288 19487 8789 8789 4102 4102 7561 7561 1248 1248 6122 6122 774078 566846 207232 0 136192 57718 75000 50000 30301024 43311202 30512216 43418920 5769 7476 20223307 30925148 20229076 30932624 X 10283140 12486296 10283140 12486296 30512216 43418920 1122296 1080860 0 X 0 1 X 1 0 X 2552412 1652635 828427 1121666 1218321 7373461 2552412 1652635 828427 1121666 1218321 7373461 1652767 5720694 119288 266322 470979 282115 366763 1505467 8878928 659611 0.64430 0.87070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 147 1218321 388855 1 1 0 1 X 0 X 2944437 1080861 1080861 1863576 32798 32798 1896374 741280 0 741280 32798 32798 774078 PART IV, LINE 2B: THE ORGANIZATION ACCEPTS FUNDS TO MANAGE AND INVEST FOR CATHOLIC ORGANIZATIONS PRIMARILY IN BERKS, CARBON, LEHIGH, NORTHAMPTON, AND SCHUYLKILL COUNTIES. CONTRIBUTIONS TO THE VARIOUS FUNDS HAVE BEEN RECORDED AS LIABILITIES OR CONTRIBUTION REVENUE FOR ACCOUNTING AND REPORTING PURPOSES IN ACCORDANCE WITH FASB ASC 958-605-50 (FORMERLY SFAS NO. 136) TRANSFER OF ASSETS TO A NOT-FOR-PROFIT ORGANIZATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS. CONTRIBUTIONS MADE TO THE ORGANIZATION, WHERE THE DONOR NAMES ITSELF AS THE BENEFICIARY OF THE ASSETS, ARE RECORDED AS AGENCY ENDOWMENT LIABILITIES IN THE STATEMENT OF FINANCIAL POSITION. SUBSEQUENT CHANGES IN THE VALUE OF THESE INVESTMENTS ARE RECORDED AS INCREASES OR DECREASES IN THE AGENCY ENDOWMENT LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISION OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF JUNE 30, 2024, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 EASTERN PA SCHOLARSHIP FOUNDATION PO BOX F ALLENTOWN PA 18105 501(C)(3) -57818 0 PROVIDE SCHOLARSHIPS SACRED HEART PARISH 336 N 4TH STREET ALLENTOWN PA 18102 501(C)(3) -49059 0 PROVIDE SCHOLARSHIPS ST JOSEPH THE WORKER 1879 APPLEWOOD DRIVE OREFIELD PA 18069 501(C)(3) -38394 0 PROVIDE SCHOLARSHIPS ST ANNE PARISH 450 E WASHINGTON AVENUE BETHLEHEM PA 18017 501(C)(3) -31948 0 EDUCATIONAL PROGRAMS ST JANE FRANCES DE CHANTAL SCHOOL 1900 WASHINGTON BLVD EASTON PA 18042 501(C)(3) -30216 0 PROVIDE SCHOLARSHIPS CATHOLIC CHARITIES IN THE DIOCESE OF ALLENTOWN 402 W CHEW ST ALLENTOWN PA 18102 501(C)(3) -19000 0 SUPPORT PARISHES MERCY SCHOOL FOR SPECIAL LEARNING 830 S WOODWARD STREET ALLENTOWN PA 18103 501(C)(3) -15845 0 MAINTENANCE AND CAPITAL IMPROVEMENTS, SCHOLARSHIPS HOLY TRINITY PARISH 4456 MAIN ST WHITEHALL PA 18052 501(C)(3) -15000 0 PROVIDE SCHOLARSHIPS DIOCESE OF ALLENTOWN PO BOX F ALLENTOWN PA 18105 501(C)(3) -14763 0 SUPPORT EDUCATIONAL PROGRAMS NATIVITY HIGH SCHOOL 1 LAWTONS HILL POTTSVILLE PA 17901 501(C)(3) -12826 0 PROVIDE SCHOLARSHIPS MERCY SCHOOL FOR SPECIAL LEARNING 830 S WOODWARD STREET ALLENTOWN PA 18103 501(C)(3) -12574 0 SUPPORT EDUCATIONAL PROGRAMS MERCY SCHOOL FOR SPECIAL LEARNING 830 S WOODWARD STREET ALLENTOWN PA 18103 501(C)(3) -9907 0 PROVIDE SCHOLARSHIPS HOLY TRINITY PARISH 4456 MAIN ST WHITEHALL PA 18052 501(C)(3) -6463 0 PROVIDE SCHOLARSHIPS DIOCESE OF ALLENTOWN OFFICE OF THE DIACONATE PO BOX F ALLENTOWN PA 18105 501(C)(3) -6019 0 SUPPORT EDUCATIONAL PROGRAMS MERCY SCHOOL FOR SPECIAL LEARNING 830 S WOODWARD STREET ALLENTOWN PA 18103 501(C)(3) -5406 0 SUPPORT TEACHER EXCELLENCE PROGRAMS ST JOSEPH OF THE PANTHER VALLEY 462 W LUDLOW ST SUMMIT HILL PA 18250 501(C)(3) -5126 0 SUPPORT EDUCATIONAL AND TEACHER EXCELLENCE PROGRAMS, SCHOLARSHIPS, CAPITAL IMPROVEMENTS PART I, LINE 2: CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA, INC. MONITORS THE USE OF GRANTS BY ESTABLISHING WRITTEN AGREEMENTS FOR EACH FUND DESIGNATING THEIR INTENDED USE, AND BY ADHERING TO THE TERMS OF THE AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. IT IS THEN DISTRIBUTED AMONGST THE ENTIRE BOARD FOR COMMENT/FINAL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS ANY CONFLICTS WHICH ARISE TO ENSURE DECISIONS ARE MADE BY THOSE INDEPENDENT OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS MARKET DATA TO DETERMINE AN APPROPRIATE PAY SCALE FOR THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS ARE AVAIALBLE UPON REQUEST.