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Nonprofiteer
← CATHOLIC UNITED FINANCIAL FOUNDATION

Form 990 for tax year 2023

Filed by CATHOLIC UNITED FINANCIAL FOUNDATION.

Totals

Total revenue
$9,073,701
Total expenses
$10,686,636
Contributions and grants received
$8,329,296
Grants paid
$9,934,155
Program service revenue
$0
Investment income
$752,065
Other revenue
-$7,660
Total assets, end of year
$42,059,307
Total liabilities, end of year
$220,244
Net assets or fund balances, end of year
$41,839,063
Program services expenses (Part IX)
$10,616,071
Management and general expenses
$50,673
Fundraising expenses
$19,892
Program service expenses (Part III)
$10,616,071

Program services were 99.3% 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.

  • 1c · Fundraising events

    $32,800

  • 1f · All other contributions, gifts and grants

    $8,296,496

  • 1g · Noncash contributions included above

    $212,758

  • 3 · Investment income

    total $673,597 · excluded $673,597

  • 7a · Gross sales of assets other than inventory

    securities $78,468

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $78,468

  • 7d · Net gain or loss

    total $78,468 · excluded $78,468

  • 8a · Fundraising events: gross income

    $15,551

  • 8a · Fundraising events: contributions included on line 1c

    $32,800

  • 8b · Fundraising events: direct expenses

    $23,211

  • 8c · Net income from fundraising events

    total -$7,660 · excluded -$7,660

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,862,715 · program services $9,862,715

  • 2 · Grants to domestic individuals

    total $71,440 · program services $71,440

  • 11c · Fees: accounting

    total $17,400 · program services $12,554 · management and general $3,480 · fundraising $1,366

  • 11g · Fees: other

    total $1,210 · program services $873 · management and general $242 · fundraising $95

  • 13 · Office expenses

    total $1,727 · program services $1,246 · management and general $345 · fundraising $136

  • 17 · Travel

    total $5,117 · program services $3,692 · management and general $1,023 · fundraising $402

  • 19 · Conferences, conventions and meetings

    total $237 · program services $171 · management and general $47 · fundraising $19

  • 24a · Other expenses: PREMIUMS PAID ON LIFE I

    total $499,113 · program services $499,113

  • 24b · Other expenses: ADMINISTRATIVE OVERHEAD

    total $177,970 · program services $128,404 · management and general $35,594 · fundraising $13,972

  • 24c · Other expenses: MISCELLANEOUS

    total $39,657 · program services $28,612 · management and general $7,932 · fundraising $3,113

  • 24d · Other expenses: EQUIPMENT RENTAL & MAIN

    total $5,423 · program services $3,912 · management and general $1,085 · fundraising $426

  • 24e · All other expenses

    total $4,627 · program services $3,339 · management and general $925 · fundraising $363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,803,732 · end of year $1,555,899

  • 2 · Savings and temporary cash investments

    beginning of year $122,828 · end of year $4,205,749

  • 11 · Investments: publicly traded securities

    beginning of year $7,571,521 · end of year $9,015,274

  • 15 · Other assets

    beginning of year $29,863,145 · end of year $27,282,385

  • 25 · Other liabilities

    beginning of year $172,845 · end of year $220,244

  • 27 · Net assets without donor restrictions

    beginning of year $2,289,696 · end of year $2,556,787

  • 28 · Net assets with donor restrictions

    beginning of year $39,898,685 · end of year $39,282,276

Mission and programs · 2023

Mission

THE FOUNDATION, INSPIRED BY THE GOSPEL OF JESUS CHRIST, SERVES THE MEMBERS, EMPLOYEES, AND FRIENDS OF CATHOLIC UNITED FINANCIAL, A NOT-FOR-PROFIT FRATERNAL BENEFIT ASSOCIATION, BY:- BEING ACCOUNTABLE TO OUR DONORS AND FAITHFUL TO OUR CHURCH'S MISSION,- SUPPORTING CATHOLIC SCHOOLS AND PARISHES WITH TECHNOLOGY AND CHASTITY EDUCATION GRANTS,- BRINGING A CATHOLIC PRESENCE TO NATURAL DISASTERS THROUGH FINANCIAL SUPPORT,- SUPPLEMENTING THE COST OF EDUCATING AND TRAINING MEN FOR THE PRIESTHOOD.

Activities or mission (Part I)

TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF THE CATHOLIC COMMUNITY WHERE CATHOLIC UNITED FINANCIAL HAS A MAJOR PRESENCE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $10,616,071 · Grants $9,934,155

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Robert Heuermann

    EXECUTIVE DIRECTOR

    Total calculated
    $148,257
    From this org
    $0
    From related orgs
    $113,841
    Other
    $34,416
    Hours/week
    37.5

  • Michael Ahles

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Fr Thomas Thompson

    SPIRITUAL ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • Harald Borrmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jean Hart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Lucas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael McGovern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Stenzel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Wensel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Zastrow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Zeman

    BOARD MEMBER

    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

  • ST BERNARD'S

    $1,729,089

    PARISH SUPPORT

  • ST ANNE CHURCH

    $1,612,840

    PARISH SUPPORT

  • ST MARY OF THE PRESENTATION

    $900,000

    PARISH SUPPOT

  • CATHOLIC UNITED FINANCIAL FOUNDATION

    $735,431

    ORGANIZATIONAL SUPPORT

  • ST PATRICK CATHOLIC CHURCH

    $655,872

    PARISH SUPPORT

  • ST IGNATIUS CHURCH

    $384,646

    PARISH SUPPORT

  • ST FINBARR'S CATHOLIC CHURCH

    $367,940

    PARISH SUPPORT

  • ST HENRY'S CHURCH

    $361,471

    PARISH SUPPORT

  • ST AUGUSTINE'S CHURCH

    $305,566

    PARISH SUPPORT

  • ST VINCENT DEPAUL CEMETERY

    $281,434

    PARISH SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202433129349303768

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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