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Nonprofiteer
← CATHOLIC FOUNDATION FOR THE ARCHDIOCESE OF DUBUQUE

Form 990 for tax year 2024

Filed by CATHOLIC FOUNDATION FOR THE ARCHDIOCESE OF DUBUQUE.

Totals

Total revenue
$16,487,122
Total expenses
$6,267,702
Contributions and grants received
$4,759,830
Grants paid
$4,733,057
Program service revenue
$1,001,041
Investment income
$10,726,251
Other revenue
$0
Total assets, end of year
$183,187,107
Total liabilities, end of year
$36,385,361
Net assets or fund balances, end of year
$146,801,746
Program services expenses (Part IX)
$5,918,786
Management and general expenses
$316,031
Fundraising expenses
$32,885
Program service expenses (Part III)
$5,918,786

Program services were 94.4% 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

    $4,759,830

  • 2a · Program service revenue: Administration Fees

    total $980,050 · related or exempt $980,050

  • 2b · Program service revenue: Program Fees

    total $20,991 · related or exempt $20,991

  • 3 · Investment income

    total $4,025,183 · excluded $4,025,183

  • 7a · Gross sales of assets other than inventory

    securities $164,316,496

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

    securities $157,615,428

  • 7c · Gain or loss

    securities $6,701,068

  • 7d · Net gain or loss

    total $6,701,068 · excluded $6,701,068

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,733,057 · program services $4,733,057

  • 5 · Compensation of officers, directors and key employees

    total $147,708 · program services $51,698 · management and general $66,468 · fundraising $29,542

  • 7 · Other salaries and wages

    total $105,111 · program services $47,300 · management and general $57,811

  • 8 · Pension plan contributions

    total $3,791 · program services $1,706 · management and general $2,085

  • 9 · Other employee benefits

    total $12,426 · program services $5,592 · management and general $6,834

  • 10 · Payroll taxes

    total $16,714 · program services $5,850 · management and general $7,521 · fundraising $3,343

  • 11c · Fees: accounting

    total $17,640 · management and general $17,640

  • 11f · Fees: investment management

    total $218,451 · program services $218,451

  • 11g · Fees: other

    total $91,141 · management and general $91,141

  • 12 · Advertising and promotion

    total $22,598 · management and general $22,598

  • 13 · Office expenses

    total $93,978 · program services $77,544 · management and general $16,434

  • 16 · Occupancy

    total $14,400 · management and general $14,400

  • 17 · Travel

    total $7,695 · management and general $7,695

  • 22 · Depreciation, depletion and amortization

    total $1,478 · management and general $1,478

  • 23 · Insurance

    total $3,926 · management and general $3,926

  • 24a · Other expenses: Fund Administration

    total $777,588 · program services $777,588

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $195,916 · end of year $317,418

  • 3 · Pledges and grants receivable

    beginning of year $2,770,637 · end of year $1,996,950

  • 4 · Accounts receivable

    beginning of year $371 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,288 · end of year $45,850

  • 10a · Land, buildings and equipment: cost or other basis

    $37,880

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,992

  • 10c · Land, buildings and equipment, net

    beginning of year $2,600 · end of year $35,888

  • 11 · Investments: publicly traded securities

    beginning of year $135,050,411 · end of year $176,791,001

  • 12 · Investments: other securities

    beginning of year $26,070,662 · end of year $4,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,732 · end of year $108,033

  • 21 · Escrow or custodial account liability

    beginning of year $33,564,130 · end of year $36,277,328

  • 27 · Net assets without donor restrictions

    beginning of year $130,438,023 · end of year $146,801,746

Mission and programs · 2024

Mission

Multiply charitable resources for maximum benefit to our Catholic community.

  • The Catholic Foundation in the Archdiocese of Dubuque (CFAD) assists donors who wish to make a meaningful and lasting impact for Catholic organizations and those served by those organizations through the Spiritual and Corporal Works of Mercy. CFAD serves those in the 30 counties in northeast Iowa that make up the Archdiocese of Dubuque in three ways: charitable planning, investing, and grantmaking services.CFAD is separate from, yet collaborative with, the Archdiocese Corporation and holds donor advised funds and endowments for donors and Catholic parishes, schools, cemeteries, social services and other Catholic organizations. Statement continued on Schedule O.We work with donors who want their Catholic values perpetuated in a legacy gift and help them structure that in the best way for them, their family and the organization(s) they want to benefit. CFAD works with Catholic organizations, their donors and donors' advisors through its legacy planning services. In FY2025, 2 new organizations began the Legacy Planning Toolkit program through CFAD. More than 1,200 individuals sought information through CFAD's services regarding charitable giving along with 131 attending charitable planning education events.CFAD invests legacy gifts, donor advised funds and organization trust accounts in Catholic responsible choices. In FY2025, 25 new endowment funds, five new donor advised funds and 13 new agency trust accounts were added. Additionally, one future planned fund was established.Through donor agreements, CFAD grants legacy gifts as donors intend. In FY2025, $4,643,061 in grants were given from 290 funds to 193 organizations. The amount of grants to others in Part IX, line 1 represents distributions taken. Some organizations choose to not take a distribution but rather reinvest. These organizations are not reflected in the grant total.CFAD's vision is to endow financial support for our Catholic community; in other words, CFAD aims to sustain our Catholic organizations so that they can always carry out their missions to meet both spiritual and basic human needs in a manner that reflects Catholic values.

    Expenses $5,918,786 · Grants $4,733,057 · Revenue $1,001,041

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Louis Hagarty

    Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Schmitt

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5

  • John Fink

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah Smith

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Drees

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kathleen Kleiman

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Rottinghaus

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Archbishop Thomas Zinkula

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Tony Monaghan

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tricia Lenz

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Leonard

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kirk Sadilek

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • LuAnn Scholbrock

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Michele Brock

    Executive Director

    Total calculated
    $137,084
    From this org
    $120,868
    From related orgs
    $0
    Other
    $16,216
    Hours/week
    40

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2026
IRS schema version
2024v5.5
Source object
202611179349301686

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

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