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Nonprofit · EIN 30-0232325

CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP

Tax-exempt · KENSINGTON, MD 20895

Financials

$197K$119K2023$164K$124K2024
Revenue Expenses · by fiscal year end
Financials of CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$164,374$124,423$39,951$100,190$0$100,190
December 31, 2023990$196,708$118,893$77,815$62,739$2,500$60,239
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$240,169
Membership dues
$71,425
Program service revenue
$0
Investment income
$0
Net income from fundraising events
-$75,795
Other revenue
-$75,795

Expenses

Grants and similar amounts paid
$77,250
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$77,250
Management and general (functional)
$47,173

Balance sheet and other

Total assets, start of year
$62,739
Total assets, end of year
$100,190
Total liabilities, end of year
$0
Net assets, end of year
$100,190
Net assets without donor restrictions
$89,867
Net assets with donor restrictions
$10,323
Gross receipts
$240,169
Employees
0
Volunteers
0
Year formed
2003
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOE BARTONIMMEDIATE PAST PRESIDENT
Trustee or director
1$0
GEOFF GONELLADIRECTOR
Trustee or director
1$0
COURTNEY LODICODIRECTOR
Trustee or director
1$0
ANA MORALESDIRECTOR
Trustee or director
1$0
ANABEL QUINTERODIRECTOR
Trustee or director
1$0
ALICE KELLEY SCANLONDIRECTOR
Trustee or director
1$0
TIM SCHOFIELDDIRECTOR
Trustee or director
1$0
JOE MARVINDIRECTOR
Trustee or director
1$0
TOMMY MCCLOSKEYDIRECTOR
Trustee or director
1$0
GRETA VENTOPRESIDENT
Trustee or director, Officer
2$0
PATRICK RAFFERTYVICE-PRESIDENT
Trustee or director, Officer
1$0
SUSAN APGOODTREASURER
Trustee or director, Officer
1$0
JEANNE DONATELLIDIRECTOR
Trustee or director
1$0
GUSTAVO MATHEUSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
JOE BARTONPRESIDENT
Trustee or director, Officer
2$0
ANNE GEMUNDERDIRECTOR
Trustee or director
1$0
GEOFF GONELLADIRECTOR
Trustee or director
1$0
COURTNEY LODICODIRECTOR
Trustee or director
1$0
CHRISTOPHER MALONEYDIRECTOR
Trustee or director
1$0
ANA MORALESDIRECTOR
Trustee or director
1$0
ANABEL QUINTERODIRECTOR
Trustee or director
1$0
MEAGAN SEXTONIMMEDIATE PAST PRESIDENT
Trustee or director
1$0
ALICE KELLEY SCANLONDIRECTOR
Trustee or director
1$0
TIM SCHOFIELDDIRECTOR
Trustee or director
1$0
JOE MARVINDIRECTOR
Trustee or director
1$0
TOMMY MCCLOSKEYDIRECTOR
Trustee or director
1$0
GRETA VENTOVICE-PRESIDENT
Trustee or director, Officer
1$0
DAVID KUSMATREASURER
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
10405 MONTGOMERY AVE, KENSINGTON, MD 20895-3357
In care of
% JOHN J MATTEO
Principal officer (990 for 2024)
PATRICK RAFFERTY, 7501 WISCONSIN AVE, BETHESDA, MD 20814
Signed the 990
PATRICK RAFFERTY, PRESIDENT
Phone
(301) 949-2490
Return prepared by
LIVELY WORCH & COMPANY PC

Mission

TO PROVIDE GRANTS AND SCHOLARSHIPS FOR STUDENTS IN MONTGOMERY COUNTY, MD CATHOLIC SCHOOLS.

990 for the year ended December 31, 2024

Program accomplishments

  • SUPPLEMENT TUITION PAYMENTS FOR CATHOLIC HIGH SCHOOL AND GRADE SCHOOL STUDENTS REQUIRING FINANCIAL ASSISTANCE AND PROVIDE GRANTS TO CATHOLIC SCHOOLS.
    Expenses $77,250 · grants $77,250

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
30-0232325
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$100,190
Income (IRS master file)
$240,169

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$164,374$124,423$100,190IRS
990December 2023$196,708$118,893$62,739XML
990December 2022$153,775$212,358$97,495IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0232325).

Questions about CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP

What is the EIN of CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP?
The employer identification number (EIN) of CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP is 30-0232325.
Is CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP?
The 990 for the year ended December 31, 2024 names PATRICK RAFFERTY.
Who are the officers and directors of CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does CATHOLIC BUSINESS NETWORK OF MONTGOMERY COUNTY SCHOLARSHIP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $164,374, expenses of $124,423 and total assets of $100,190 at year end.

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