Catalytic Development Funding Corp of
1. IMPROVE QUALITY OF LIFE AND ENVIRONMENT; 2. INCREASE ECONOMIC OPPORTUNITY FOR COMMUNITY RESIDENTS; 3. PROVIDE AFFORDABLE HOUSING CHOICES; 4. ATTRACT AMENITIES THAT ENHANCE COMMUNITY VIBRANCY; 5. GROW LOCAL TAX BASE; 6. CONTRIBUTE TO REGIONAL ECONOMIC DEVELOPMENT.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.9M
+8.9% YoY
Annual Giving
$1.5M
Grant Count
5
Avg Grant Size
$293K
About Catalytic Development Funding Corp of
Based on IRS filings
Catalytic Development Funding Corp of is a nonprofit organization focused on Community Improvement & Capacity Building, based in COVINGTON, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $29.9M in total assets. In 2024, it awarded 5 grants totaling $1.5M. Net investment income was $1.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,906,477 | $27,471,423 | $20,725,291 |
| Revenue | $5,241,748 | $2,578,550 | $2,528,032 |
| Expenses | $3,392,675 | $1,212,274 | $1,667,768 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,266,699 | $710,272 | $460,150 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Onenky Alliance ($1,002,500), Northern Kentucky Port Authority ($383,311), Fedders Construction Llc ($36,156).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE BRIDGE HOLDINGS LLC COVINGTON, KY | ECONOMIC DEVELOPMENT | $25,000 |
| COTE BRILLIANTE VENTURES LLC NEWPORT, KY | ECONOMIC DEVELOPMENT | $16,800 |
| FEDDERS CONSTRUCTION LLC NEWPORT, KY | ECONOMIC DEVELOPMENT | $36,156 |
| NORTHERN KENTUCKY PORT AUTHORITY COVINGTON, KY | ECONOMIC DEVELOPMENT | $383,311 |
| ONENKY ALLIANCE COVINGTON, KY | ECONOMIC DEVELOPMENT | $1,002,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEANNE SCHROER | PRESIDENT & CEO | 40 | $310,000 |
| CHARLES SCHEPER | CHAIRMAN | 0.5 | — |
| MARTIN BUTLER | VICE CHAIRMAN | 0.5 | — |
| MARTHA SKELTON | SECRETARY | 0.5 | — |
| MARK CAESAR | TREASURER | 0.5 | — |
| THOMAS ALLEN | DIRECTOR | 0.5 | — |
| GENE BARBER | DIRECTOR | 0.5 | — |
| MARK BICKER | DIRECTOR | 0.5 | — |
| BRIAN FINLEY | DIRECTOR | 0.5 | — |
| ROBERT LAMOTHE | DIRECTOR | 0.5 | — |
| BOB LUEBBE | DIRECTOR | 0.5 | — |
| BERNIE MCKAY | DIRECTOR | 0.5 | — |
| JASON PAYNE | DIRECTOR | 0.5 | — |
| MATTHEW RANDAZZO | DIRECTOR | 0.5 | — |
| LEE SCHEBEN | DIRECTOR | 0.5 | — |
| JIM UEBEL | DIRECTOR | 0.5 | — |
| PAM WEBER | DIRECTOR | 0.5 | — |
| RHONDA WHITAKER-HURTT | DIRECTOR | 0.5 | — |
| RICK WIRTHLIN | DIRECTOR | 0.5 | — |
| WILL WOODWARD | DIRECTOR | 0.5 | — |
| BRUNO GIACOMUZZI | DIRECTOR (THRU 1/2024) | 0.5 | — |
| SCOTT SMITH | DIRECTOR (THRU 4/2024) | 0.5 | — |
| JOSEPH KLARE | CHIEF OPERATING OFFICER | 40 | $230,000 |
| TRAVIS GYSEGEM | DIRECTOR OF RESEARCH & UNDERWRITING | 40 | $110,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Catalytic Development Funding Corp of?
Catalytic Development Funding Corp of is a nonprofit organization focused on Community Improvement & Capacity Building, based in COVINGTON, KY. It holds $29.9M in total assets as of 2024.
How large is Catalytic Development Funding Corp of?
As of 2024, Catalytic Development Funding Corp of holds $29.9M in total assets with $5.2M in annual revenue. It awarded 5 grants totaling $1.5M in 2024.
Where does Catalytic Development Funding Corp of operate?
Catalytic Development Funding Corp of has awarded grants in Kentucky.
What size grants does Catalytic Development Funding Corp of award?
In 2024, Catalytic Development Funding Corp of awarded 5 grants totaling $1.5M — an average of about $293K per grant, based on its IRS Form 990 filings.
What is Catalytic Development Funding Corp of's EIN?
Catalytic Development Funding Corp of's EIN (Employer Identification Number) is 26-3389252. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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