CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY Charity Report

Public IRS 990 nonprofit record

CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY

EIN 26-3389252 · Urban & Community Economic Development (S31)

What they do

THE CATALYTIC FUNDS MISSION is to ATTRACT QUALITY PLACE-BASED INVESTMENTS to NORTHERN KENTUCKYS RIVER CITIES THAT RESULT IN REGIONAL ECONOMIC DEVELOPMENT (JOB and TALENT ATTRACTION) and LOCAL COMMUNITY DEVELOPMENT (IMPROVING QUALITY of LIFE and PLACE for LMI RESIDENTS). OUR INNOVATIVE FINANCING PRODUCTS, DEVELOPMENT SERVICES, and VIBRANCY INITIATIVES CONVERT COMMUNITY REVITALIZATION PLANS INTO COMPLETED PROJECTS THAT HAVE LASTING and MEASURABLE IMPACT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

60.54%of revenue went to mission work93.5% of expenses · Program services

0.96%of revenue went to fundraising1.5% of expenses

$64.72spent for every $100 of revenueRevenue covered expenses this year.

3.22%of revenue went to management and office costs5.0% of expenses

$8.82in assets for every $1 spent this yearSome assets cannot be spent right away.

72.0%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $319,656 for JEANNE SCHROER (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,241,748

Mission workProgram services$3,173,35360.54% of revenue93.5% of expenses

ManagementOffice and general costs$168,9503.22% of revenue5.0% of expenses

FundraisingAsking for donations$50,3720.96% of revenue1.5% of expenses

Revenue left after expensesReported annual surplus$1,849,07335.28% of revenueShown in gray on the chart

Total expenses$3,392,67564.72% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 93.5% mission · 5.0% management · 1.5% fundraisingTotal expenses: 64.72% of revenue

2023Expense mix: 84.2% mission · 12.2% management · 3.6% fundraisingTotal expenses: 47.01% of revenue

2022Expense mix: 88.9% mission · 8.6% management · 2.6% fundraisingTotal expenses: 65.97% of revenue

2021Expense mix: 87.7% mission · 9.5% management · 2.8% fundraisingTotal expenses: 73.37% of revenue

2020Expense mix: 87.0% mission · 10.0% management · 3.0% fundraisingTotal expenses: 156.41% of revenue

2019Expense mix: 86.5% mission · 10.4% management · 3.1% fundraisingTotal expenses: 77.82% of revenue

2018Expense mix: 83.5% mission · 13.6% management · 2.9% fundraisingTotal expenses: 77.28% of revenue

2017Expense mix: 81.4% mission · 13.2% management · 5.4% fundraisingTotal expenses: 112.24% of revenue

Money in and money out

Revenue$5,241,748

Expenses$3,392,675

Annual surplus $1,849,073 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,173,353 · 93.5% of expenses

Management and office costs$168,950 · 5.0% of expenses

Fundraising$50,372 · 1.5% of expenses

See all reported dollar amounts

Revenue$5,241,748

Expenses$3,392,675

Assets$29,906,477

Income$5,255,958

Contributions$3,772,950

Mission work (program services)$3,173,353

Fundraising$50,372

Grants given$3,075,943

Average grant$109,855

Management and general$168,950

Executive compensation (total)$376,630

Accounting fees$104,814

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JEANNE SCHROERPRESIDENT & CEO · 40 hrs/week $319,656Base $310,000 · Other $9,656

JOSEPH KLARECHIEF OPERATING OFFICER · 40 hrs/week $244,364Base $230,000 · Other $14,364

TRAVIS GYSEGEMDIRECTOR OF RESEARCH & UNDERWRITING · 40 hrs/week $120,764Base $110,000 · Other $10,764

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

JEANNE SCHROERPRESIDENT & CEO

JOSEPH KLARECHIEF OPERATING OFFICER

TRAVIS GYSEGEMDIRECTOR OF RESEARCH & UNDERWRITING

MARK CAESARTREASURER

WILL WOODWARDDIRECTOR

THOMAS ALLENDIRECTOR

SCOTT SMITHDIRECTOR (THRU 4/2024)

ROBERT LAMOTHEDIRECTOR

RICK WIRTHLINDIRECTOR

RHONDA WHITAKER-HURTTDIRECTOR

PAM WEBERDIRECTOR

MATTHEW RANDAZZODIRECTOR

MARTIN BUTLERVICE CHAIRMAN

MARTHA SKELTONSECRETARY

BERNIE MCKAYDIRECTOR

MARK BICKERDIRECTOR

LEE SCHEBENDIRECTOR

JIM UEBELDIRECTOR

JASON PAYNEDIRECTOR

GENE BARBERDIRECTOR

CHARLES SCHEPERCHAIRMAN

BRUNO GIACOMUZZIDIRECTOR (THRU 1/2024)

BRIAN FINLEYDIRECTOR

BOB LUEBBEDIRECTOR

About this charity

Recognized since: January 2009
Location: 209 GREEN UP ST 260, COVINGTON, KY 41011-1757
County: Kenton
In care of: % JEANNE SCHROER
Primary officer: JEANNE SCHROER, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Emailcrcomplaints@treasury.gov Phone(859) 757-0519

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CHERRY BEKAERT ADVISORY LLC
NTEE classification: Urban & Community Economic Development (S31)
IRS tax category: Urban & Community Economic Development
Grant-giving organization: Yes