Public Charity

LC Fund for Priestly Formation

LC Fund for Priestly Formation is a Public Charity headquartered in Houston, TX. Financial data from the 2024 filing: $6.0M revenue, $3.9M expenses, $13.9M total assets. 5 publicly reported grants to this organization, totaling roughly $1.8M, appear in IRS filings.

EIN: 473786139 Houston, TX Latest filing: 2024
Total Revenue$6.0M
Total Expenses$3.9M
Total Assets$13.9M
Grant Records5
Funding Total$1.8M
Filing Years2020–2024

Mission

TO DEVELOP, IMPROVE AND SUPPORT NONPROFIT, PAROCHIAL SCHOOLS LOCATED IN THE UNITED STATES, MEXICO, BRAZIL, AUSTRIA AND ITALY. THE ORGANIZATION WILL TRANSFER FUNDS DIRECTLY TO THE LEGION SCHOOLS WHICH ARE CONSTRUCTING NEW FACILITIES OR ESTABLISHING NEW PROGRAMS IN FURTHERANCE OF THEIR EDUCATIONAL PURPOSES.

Sample Grants Received

2024
RELIGIOUS /EDUCATION
$876,044
2024
For grant recipient's exempt purposes
$20,000
$716,116
2023
For grant recipient's exempt purposes
$190,000
2023
FOR RECIPIENT'S EXEMPT PURPOSE
$10,000

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

ASSISTANT SECRETARY Frank Formolo
VICE-PRESIDENT & DIRECTOR Hernan Jimenez
PRESIDENT & DIRECTOR John Connor
TREASURER & DIRECTOR Jose Gerardo Cardenas
SECRETARY & DIRECTOR Luis Alberto Henao
DIRECTOR Rafael Ducci

Officer compensation and complete director data available with membership.

Top Grant Purposes

RELIGIOUS /EDUCATION
$876,044 1 grant
SEE PART IV
$716,116 1 grant
For grant recipient's exempt purposes
$210,000 2 grants
FOR RECIPIENT'S EXEMPT PURPOSE
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.0M $3.9M $13.9M
2023 $9.0M $10.9M $10.2M
2022 $6.4M $3.0M $11.4M
2021 $5.7M $1.8M $8.7M
2020 $4.8M $571K $4.8M

Between 2020 and 2024, reported annual revenue grew from $4.8M to $6.0M (+26%), with total assets most recently reported at $13.9M.

Interactive year-over-year charts and full filing details available with membership.

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