Form 990 for tax year 2022
Filed by NORTHERN MICHIGAN CATHOLIC FOUNDATION.
Totals
- Total revenue
- $6,801,988
- Total expenses
- $816,606
- Contributions and grants received
- $5,759,596
- Grants paid
- $613,120
- Program service revenue
- $0
- Investment income
- $1,042,392
- Other revenue
- $0
- Total assets, end of year
- $30,264,807
- Total liabilities, end of year
- $49,493
- Net assets or fund balances, end of year
- $30,215,314
- Program services expenses (Part IX)
- $673,541
- Management and general expenses
- $85,840
- Fundraising expenses
- $57,225
- Program service expenses (Part III)
- $673,541
Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$5,759,596
-
3 · Investment income
total $683,887 · excluded $683,887
-
7a · Gross sales of assets other than inventory
securities $358,505
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $358,505
-
7d · Net gain or loss
total $358,505 · related or exempt $358,505
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $613,120 · program services $613,120
-
11a · Fees: management
total $115,735 · management and general $69,441 · fundraising $46,294
-
11c · Fees: accounting
total $12,420 · management and general $7,452 · fundraising $4,968
-
11f · Fees: investment management
total $60,421 · program services $60,421
-
12 · Advertising and promotion
total $42 · management and general $25 · fundraising $17
-
13 · Office expenses
total $28 · management and general $17 · fundraising $11
-
14 · Information technology
total $9,595 · management and general $5,757 · fundraising $3,838
-
19 · Conferences, conventions and meetings
total $117 · management and general $70 · fundraising $47
-
23 · Insurance
total $3,811 · management and general $2,287 · fundraising $1,524
-
24a · Other expenses: BANK SERVICE CHARGES AN
total $848 · management and general $509 · fundraising $339
-
24b · Other expenses: PRINTING AND REPRODUCTI
total $316 · management and general $190 · fundraising $126
-
24c · Other expenses: POSTAGE
total $153 · management and general $92 · fundraising $61
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $508,965 · end of year $402,161
-
4 · Accounts receivable
end of year $105,827
-
11 · Investments: publicly traded securities
beginning of year $28,695,991 · end of year $29,756,819
-
25 · Other liabilities
beginning of year $51,898 · end of year $49,493
-
27 · Net assets without donor restrictions
beginning of year $1,210,991 · end of year $1,043,431
-
28 · Net assets with donor restrictions
beginning of year $27,942,067 · end of year $29,171,883
Mission and programs · 2022
Mission
THE FOUNDATION IS ORGANIZED TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF THE LOCAL ROMAN CATHOLIC COMMUNITY WITHIN THE DIOCESE OF GAYLORD AND TO PROVIDE RESPONSIBLE AND EFFECTIVE FUNDRAISING, FINANCIAL MANAGEMENT, STEWARDSHIP, AND USE OF RESOURCES WITH DUE REGARD TO THE TEACHINGS OF THE ROMAN CATHOLIC FAITH.
-
GRANTS PROVIDED TO CATHOLIC CHURCHES, SCHOOLS AND OTHER CATHOLIC ORGANIZATIONS IN CONNECTION WITH THE MISSION OF THE FOUNDATION TO PROVIDE CHARITABLE ASSISTANCE TO THE CATHOLIC COMMUNITY IN NORTHERN MICHIGAN
Expenses $673,541 · Grants $613,120
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rev James HaydenREV JAMES HAYDEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
John PuetzJOHN PUETZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joel R MylerJOEL R MYLER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Timothy J CluloTIMOTHY J CLULO
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Stefan SchollSTEFAN SCHOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wayne MuellerWAYNE MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cliff RobertsCLIFF ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric MulvanyERIC MULVANY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Most Rev Jeffery J WalshMOST REV JEFFERY J WALSH
DIRECTOR (NON-VOTING)
- Total calculated
- $0
- Hours/week
- 1
-
Ron G HarrisRON G HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
DIOCESE OF GAYLORD
$180,104
GRANTS FOR GENERAL SUPPORT
-
ST MARY CATHEDRAL SCHOOL
$83,658
GRANTS FOR GENERAL SUPPORT
-
HOLY FAMILY CATHOLIC CHURCH
$82,689
GRANTS FOR GENERAL SUPPORT
-
GRAND TRAVERSE CATHOLIC SCHOOLS
$70,000
GRANTS FOR GENERAL SUPPORT
-
IMMACULATE CONCEPTION PARISH
$27,220
GRANTS FOR GENERAL SUPPORT
-
ST MARY SCHOOL
$27,132
GRANTS FOR GENERAL SUPPORT
-
ST JOSEPH CATHOLIC CHURCH
$16,423
GRANTS FOR GENERAL SUPPORT
-
BISHOP BARAGA EDUCATIONAL FOUNDATION
$10,191
GRANTS FOR GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341639349300234
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