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The Catholic Foundation of Greater Philadelphia

At the Heart of Charity is Love

Philadelphia, PA   |  TheCFGP.org
GuideStar Charity Check

The Catholic Foundation of Greater Philadelphia

EIN: 46-1566557


Mission

The Catholic Foundation of Greater Philadelphia (CFGP) is an independent, nonprofit community foundation committed to growing philanthropy according to the teachings of Jesus Christ. Grounded in the principles of faith and service, CFGP meets the diverse needs of donors and Catholic institutions through charitable fund management and development consulting. Our services ensure an investment in the future of our faith.

Ruling year info

2014

President and Chief Executive Officer

Mrs. Sarah O. Hanley

Main address

2133 Arch Street Suite 400

Philadelphia, PA 19103 USA

Show more contact info

EIN

46-1566557

Subject area info

Philanthropy

Foundations

Religion

Catholicism

Population served info

Children and youth

Adults

Catholics

Immigrants and migrants

Economically disadvantaged people

Show more populations served

NTEE code info

Community Foundations (T31)

Fund Raising and/or Fund Distribution (X12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Charitable Giving

We strive to bring simplicity, accountability, and transparency to our donors. And we do this through trusted partnerships along with a multitude of charitable program offerings and planned giving options in a highly-effective and user-friendly way.

We certainly understand that donors have specific charitable goals and interests. That's why we personally (and confidentially) devise a giving plan that best achieves the charitable objectives of our donors’ hearts – with matched interests and affinities supporting causes throughout the greater Philadelphia region – as well as many ways to donate from planned giving to endowments to trusts and much more.

Population(s) Served
Children and youth
Catholics
People with disabilities
People with diseases and illnesses
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of endowments

This metric is no longer tracked.
Totals By Year
Population(s) Served

Catholics, At-risk youth, Economically disadvantaged people, People with disabilities, Pregnant people

Related Program

Charitable Giving

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Increase philanthropy to Catholic causes in the greater Philadelphia area so that the Church can continue carrying out its broader mission.

CFGP actively solicits for contributions to various Catholic causes as well as helping Catholic organizations further their fundraising efforts through our development consulting services.

We are fundraising and development experts and we have an established Investment Committee to steward our invested charitable funds.

The Catholic Foundation of Greater Philadelphia has raised over $175M for Catholic causes and has granted over $18M to Catholic organizations.

Financials

The Catholic Foundation of Greater Philadelphia
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 Audited Financial Statement
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

3.38

Average of 5.59 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

7.2

Average of 5.5 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

24%

Average of 25% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

The Catholic Foundation of Greater Philadelphia

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

The Catholic Foundation of Greater Philadelphia

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

The Catholic Foundation of Greater Philadelphia

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of The Catholic Foundation of Greater Philadelphia’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $1,938,759 $975,532 $5,063,048 $13,441,346 $1,707,748
As % of expenses 35.9% 16.6% 86.8% 181.6% 9.6%
Unrestricted surplus (deficit) after depreciation $1,929,935 $967,560 $5,053,891 $13,430,409 $1,690,650
As % of expenses 35.7% 16.4% 86.5% 181.2% 9.5%
Revenue composition info
Total revenue (unrestricted & restricted) $6,948,996 $6,722,792 $9,911,506 $23,307,616 $18,133,710
Total revenue, % change over prior year -4.9% -3.3% 47.4% 135.2% -22.2%
Program services revenue 47.9% 50.7% 38.8% 16.5% 21.3%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 5.0% 4.9% 2.9% 1.8% 4.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 46.7% 42.7% 54.8% 81.3% 74.2%
Other revenue 0.4% 1.7% 3.5% 0.3% 0.5%
Expense composition info
Total expenses before depreciation $5,394,808 $5,881,322 $5,835,375 $7,401,518 $17,697,672
Total expenses, % change over prior year 9.5% 9.0% -0.8% 26.8% 139.1%
Personnel 30.2% 29.7% 35.8% 30.6% 13.1%
Professional fees 3.5% 5.2% 4.5% 2.9% 1.8%
Occupancy 3.5% 3.2% 3.5% 4.3% 1.7%
Interest 0.0% 0.0% 0.1% 0.0% 0.0%
Pass-through 30.6% 32.4% 28.6% 39.7% 73.5%
All other expenses 32.1% 29.5% 27.6% 22.4% 9.9%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $5,403,632 $5,889,294 $5,844,532 $7,412,455 $17,714,770
One month of savings $449,567 $490,110 $486,281 $616,793 $1,474,806
Debt principal payment $0 $0 $284,529 $0 $0
Fixed asset additions $0 $0 $24,440 $47,236 $0
Total full costs (estimated) $5,853,199 $6,379,404 $6,639,782 $8,076,484 $19,189,576

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 5.1 6.7 6.6 7.3 7.2
Months of cash and investments 44.5 46.3 57.8 51.6 25.4
Months of estimated liquid unrestricted net assets 27.7 27.4 38.0 51.6 22.8
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $2,278,636 $3,286,535 $3,227,348 $4,510,842 $10,647,139
Investments $17,745,444 $19,408,767 $24,863,055 $27,322,811 $26,870,935
Receivables $17,208 $43,029 $2,954,460 $12,837,900 $10,216,558
Gross land, buildings, equipment (LBE) $64,067 $69,530 $93,970 $141,186 $148,198
Accumulated depreciation (as a % of LBE) 70.5% 76.4% 66.3% 51.8% 60.9%
Liabilities (as a % of assets) 21.5% 25.2% 22.4% 17.4% 22.2%
Unrestricted net assets $12,471,632 $13,439,192 $18,493,083 $31,923,492 $33,614,142
Temporarily restricted net assets $158,222 N/A N/A N/A N/A
Permanently restricted net assets $3,287,299 N/A N/A N/A N/A
Total restricted net assets $3,445,521 $3,776,563 $5,761,091 $5,198,643 $5,468,830
Total net assets $15,917,153 $17,215,755 $24,254,174 $37,122,135 $39,082,972

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President and Chief Executive Officer

Mrs. Sarah O. Hanley

As the President and Chief Executive Officer, Sarah O. Hanley brings her broad-based experience and innovative ideas to The Catholic Foundation of Greater Philadelphia. With more than 25 years of business development and leadership experience, Sarah is responsible for the growth and strategic oversight of CFGP and leading a team of dedicated staff who support the Foundation’s development. Sarah has been with CFGP since its founding in 2013. In her previous roles with CFGP, Sarah was responsible for the annual Catholic Charities Appeal and St. Charles Borromeo Seminary Appeal that collectively raise nearly $20M annually. She also led CFGP’s Development Consulting Services team, which continues to help grow the fundraising and development efforts of many Catholic institutions across Southeastern Pennsylvania.

Number of employees

Source: IRS Form 990

The Catholic Foundation of Greater Philadelphia

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

The Catholic Foundation of Greater Philadelphia

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

The Catholic Foundation of Greater Philadelphia

Board of directors
as of 06/21/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Richard Clark

Merck & Co. Inc.

Term: 2013 -

Bernard J. Kelley

Merck Manufacturing Division

Most Rev. Nelson J. Perez

Archbishop of Philadelphia, Archdiocese of Philadelphia

Sean Aloysius Bergin

Ironview Partners LLC

Cynthia Brown

Retired

William P. Curtis, Jr.

Porter & Curtis LLC

Ken Ewell

The Graham Company

Joseph H. Jacovini

Dilworth Paxson LLP

Susan Y. Kim

The James and Agnes Kim Foundation

Paul Klauder

SEI Investments Company

Rev. Nicholas S. Rashford, S.J.

President Emeritus of Saint Joseph's University

Tammy Tenaglia, Ph.D.

Malvern Institute and the Progressions Companies

Alexander R. Vaccaro, M.D., Ph.D.

Rothman Institute

Reverend Eric. J. Banecker

St. Mary Magdalen Parish

Joseph L. Rose

Turnberry Solutions

Joseph Chott

Brown Brothers Harriman

Dr. James W. Fox IV

Retired

Joseph Mangini

Goldman Sachs

Carlos F. Moreira

Price Waterhouse Coopers

Dan Kervick

Flagship Management, LLC

Michael A. Valucci

Retired

Dr. Max E. Mercado

Mercado Medical Practice, LLC

Organizational demographics

SOURCE: Self-reported; last updated 6/21/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.