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THE CATALYTIC FUND'S MISSION IS TO ATTRACT QUALITY PLACE-BASED INVESTMENTS TO NORTHERN KENTUCKY'S 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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$5.2M
Program Spending
94%
of total expenses go to program services
Total Contributions
$3.8M
Total Expenses
▼$3.4M
Total Assets
$29.9M
Total Liabilities
▼$24.5M
Net Assets
$5.4M
Officer Compensation
→$564K
Other Salaries
$183K
Investment Income
$1.3M
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
4
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.4M | Yes | 2026-04-28 |
| 2024 | Clean | Unmodified (Clean) | $1.2M | Yes | 2025-04-08 |
| 2023 | Clean | Unmodified (Clean) | $755K | No | 2024-05-07 |
| 2022 | Clean | Unmodified (Clean) | $1.3M | No | 2023-06-18 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$755K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $5.2M | $3.8M | $3.4M | $29.9M | $5.4M |
| 2023 | $2.6M | $1.6M | $1.2M | $27.5M | $3.5M |
| 2022 | $2.5M | $2M | $1.7M | $20.7M | $2.2M |
| 2021 | $2M | $1.6M | $1.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jeanne Schroer | President & CEO | 40 | $310K | $0 | $9,656 | $319.7K |
| Martha Skelton | Secretary | 0.5 | $0 | $0 | $0 | $0 |
| Mark Caesar | Treasurer | 0.5 | $0 | $0 | $0 | $0 |
| Martin Butler | Vice Chairman | 0.5 | $0 | $0 | $0 | $0 |
| Charles Scheper | Chairman | 0.5 | $0 | $0 | $0 | $0 |
Jeanne Schroer
President & CEO
$319.7K
Hrs/Wk
40
Compensation
$310K
Related Orgs
$0
Other
$9,656
Martha Skelton
Secretary
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mark Caesar
Treasurer
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Martin Butler
Vice Chairman
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Charles Scheper
Chairman
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Joseph Klare | Chief Operating Officer | 40 | $230K | $0 | $14.4K | $244.4K |
| Travis Gysegem | Director Of Research & Underwriting | 40 | $110K | $0 | $10.8K | $120.8K |
Joseph Klare
Chief Operating Officer
$244.4K
Hrs/Wk
40
Compensation
$230K
Related Orgs
$0
Other
$14.4K
Travis Gysegem
Director Of Research & Underwriting
$120.8K
Hrs/Wk
40
Compensation
$110K
Related Orgs
$0
Other
$10.8K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bernie Mckay | Director | 0.5 | $0 | $0 | $0 | $0 |
| Bob Luebbe | Director | 0.5 | $0 | $0 | $0 | $0 |
| Brian Finley | Director | 0.5 | $0 | $0 | $0 | $0 |
| Bruno Giacomuzzi | Director (thru 1/2024) | 0.5 | $0 | $0 | $0 | $0 |
| Gene Barber | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jason Payne | Director | 0.5 |
Bernie Mckay
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Bob Luebbe
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Brian Finley
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $17.1M |
| $1.3M |
| 2020 | $867.6K | $772.4K | $1.4M | $12.8M | $747.9K |
| 2019 | $1.5M | $1.1M | $1.1M | $9M | $1.2M |
| 2018 | $1.5M | $1.3M | $1.2M | $7.8M | $906.7K |
| 2017 | $865.6K | $573.2K | $971.5K | $4.7M | $564.6K |
| 2016 | $1.3M | $1.1M | $723.3K | $4.5M | $680.2K |
| 2015 | $274.1K | $155K | $753.7K | $4M | $147.8K |
| 2014 | $626.9K | $565.4K | $634.9K | $3.1M | $627.4K |
| 2013 | $630.1K | $565K | $531.3K | $2.2M | $635.4K |
| 2012 | $763.9K | $739.1K | $212.8K | $1M | $536.6K |
| 2011 | $212.4K | $212.3K | $148.8K | $92.1K | -$14.5K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990-EZ | — |
| 2009 | 990-EZ | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Jim Uebel | Director | 0.5 | $0 | $0 | $0 | $0 |
| Lee Scheben | Director | 0.5 | $0 | $0 | $0 | $0 |
| Mark Bicker | Director | 0.5 | $0 | $0 | $0 | $0 |
| Matthew Randazzo | Director | 0.5 | $0 | $0 | $0 | $0 |
| Pam Weber | Director | 0.5 | $0 | $0 | $0 | $0 |
| Rhonda Whitaker-Hurtt | Director | 0.5 | $0 | $0 | $0 | $0 |
| Rick Wirthlin | Director | 0.5 | $0 | $0 | $0 | $0 |
| Robert Lamothe | Director | 0.5 | $0 | $0 | $0 | $0 |
| Scott Smith | Director (thru 4/2024) | 0.5 | $0 | $0 | $0 | $0 |
| Thomas Allen | Director | 0.5 | $0 | $0 | $0 | $0 |
| Will Woodward | Director | 0.5 | $0 | $0 | $0 | $0 |
Bruno Giacomuzzi
Director (thru 1/2024)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Gene Barber
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jason Payne
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jim Uebel
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lee Scheben
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mark Bicker
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Matthew Randazzo
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Pam Weber
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Rhonda Whitaker-Hurtt
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Rick Wirthlin
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Robert Lamothe
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Scott Smith
Director (thru 4/2024)
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Allen
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Will Woodward
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0