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Nonprofiteer
← CATHOLIC FOUNDATION OF MICHIGAN

Form 990 for tax year 2022

Filed by CATHOLIC FOUNDATION OF MICHIGAN.

Totals

Total revenue
$20,315,357
Total expenses
$7,342,550
Contributions and grants received
$19,154,371
Grants paid
$6,449,741
Program service revenue
$0
Investment income
$1,044,078
Other revenue
$116,908
Total assets, end of year
$38,406,383
Total liabilities, end of year
$23,628,727
Net assets or fund balances, end of year
$14,777,656
Program services expenses (Part IX)
$6,783,508
Management and general expenses
$548,813
Fundraising expenses
$10,229
Program service expenses (Part III)
$6,783,508

Program services were 92.4% 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.

  • 1e · Government grants (contributions)

    $114,111

  • 1f · All other contributions, gifts and grants

    $19,040,260

  • 1g · Noncash contributions included above

    $1,208,360

  • 3 · Investment income

    total $847,520 · excluded $847,520

  • 7a · Gross sales of assets other than inventory

    securities $17,369,793

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

    securities $17,173,235

  • 7c · Gain or loss

    securities $196,558

  • 7d · Net gain or loss

    total $196,558 · excluded $196,558

  • 11a · Other revenue: ADMIN FEES

    total $116,908 · related or exempt $116,908

  • 11e · Other revenue, total

    $116,908

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,449,741 · program services $6,449,741

  • 5 · Compensation of officers, directors and key employees

    total $171,797 · program services $85,899 · management and general $77,308 · fundraising $8,590

  • 7 · Other salaries and wages

    total $184,586 · program services $123,764 · management and general $60,822

  • 8 · Pension plan contributions

    total $30,164 · program services $18,184 · management and general $11,980

  • 9 · Other employee benefits

    total $53,096 · program services $32,271 · management and general $20,825

  • 10 · Payroll taxes

    total $26,318 · program services $15,571 · management and general $10,259 · fundraising $488

  • 11a · Fees: management

    total $12,061 · program services $7,136 · management and general $4,701 · fundraising $224

  • 11b · Fees: legal

    total $5,091 · program services $4,073 · management and general $1,018

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11f · Fees: investment management

    total $181,973 · management and general $181,973

  • 12 · Advertising and promotion

    total $9,203 · management and general $9,203

  • 14 · Information technology

    total $14,693 · program services $8,693 · management and general $5,727 · fundraising $273

  • 17 · Travel

    total $8,220 · program services $4,863 · management and general $3,205 · fundraising $152

  • 19 · Conferences, conventions and meetings

    total $1,174 · management and general $1,174

  • 23 · Insurance

    total $18,738 · program services $11,085 · management and general $7,305 · fundraising $348

  • 24a · Other expenses: ADMINISTRATIVE FEES ASS

    total $116,908 · management and general $116,908

  • 24b · Other expenses: BANK SERVICE FEES

    total $17,331 · program services $17,331

  • 24c · Other expenses: DUES

    total $7,115 · management and general $7,115

  • 24d · Other expenses: SUPPLIES

    total $4,573 · program services $2,706 · management and general $1,782 · fundraising $85

  • 24e · All other expenses

    total $4,768 · program services $2,191 · management and general $2,508 · fundraising $69

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,303 · end of year $234,510

  • 4 · Accounts receivable

    beginning of year $0 · end of year $795,270

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,960 · end of year $22,576

  • 11 · Investments: publicly traded securities

    beginning of year $29,816,059 · end of year $37,354,027

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,742 · end of year $30,162

  • 25 · Other liabilities

    beginning of year $14,585,914 · end of year $23,598,565

  • 27 · Net assets without donor restrictions

    beginning of year $15,349,666 · end of year $14,777,656

Mission and programs · 2022

Mission

THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES CHARITABLE GIVING AND ASSISTS DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE CATHOLIC PARISHES, SCHOOLS, MINISTRIES, AND NONPROFIT ORGANIZATIONS OF SOUTHEAST MICHIGAN

Activities or mission (Part I)

THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES AND UNITES CATHOLICS IN GIVING TO THEIR FAITH COMMUNITY. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE CATHOLIC MINISTRIES OF SOUTHEAST MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS AND NONPROFITS. WE WORK WITH PARISHES, SCHOOLS, AND NONPROFITS TO BUILD A SUSTAINABLE PHILANTHROPIC PLAN IN LINE WITH CATHOLIC TEACHINGS.

  • THE CATHOLIC FOUNDATION OF MICHIGAN INSPIRES AND UNITES CATHOLICS IN CHARITABLE GIVING IN LINE WITH THEIR FAITH. WE ASSIST DONORS IN PROVIDING FOR THE LONG-TERM NEEDS OF THE MINISTRIES OF MICHIGAN BY PROVIDING SOCIALLY/MORALLY RESPONSIBLE CHARITABLE TOOLS SUCH AS DONOR ADVISED FUNDS, SCHOLARSHIPS, AND ENDOWMENTS TO BENEFIT PARISHES, SCHOOLS, AND NONPROFITS TO BUILD A SUSTAINABLE PHILANTHROPIC PLAN IN LINE WITH CATHOLIC TEACHINGS. IN 2022 28 NEW FUNDS WERE ESTABLISHED TO PROVIDE BENEFIT TO THE COMMUNITY. AT THE CLOSE OF YEAR, 254 NON PROFITS BENEFITED FROM COMPETITIVE AND DONOR DIRECTED GRANTS IN ADDITION TO ENDOWMENT DISTRIBUTIONS TOTALING $6,449,741.

    Expenses $6,783,508 · Grants $6,449,741

As filed on the 2022 return.

Listed in Part VII

  • ANGELA MOLONEY

    PRESIDENT & CEO

    Total calculated
    $171,797
    From this org
    $130,464
    From related orgs
    $0
    Other
    $41,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,464
    Bonus
    $0
    Other
    $0
    Deferred
    $11,329
    Nontaxable benefits
    $30,004
    Filer's total
    $171,797

  • DONALD KUNZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • PATRICK FEHRING

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • HARRY CENDROWSKI

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • CHRIS ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BEVERLY BELTRAMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROSEANNE BRUGNONI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GREGORY DEMARS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROBERT DIEHL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • THOMAS FABBRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MATTHEW FARRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • GREGORY FISHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • CHRISTOPHER DINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • EUGENE LOVASCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL MADISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • KATHLEEN MCCANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • FRANK MIGLIAZZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DOUG NOBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • FRANK RONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANTHONY SCHENA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • THOMAS SCHOLLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARIA SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ANDREW SHMINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL VLASIC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • STEFAN WANCZYK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DANIEL WEINGARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • REV JEFFREY DAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • BRIAN DEMKOWICZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DONALD ENGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JOHN HALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MOST REV ALLEN VIGNERON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • AARON WILKERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • NICOLE FRANZEN KUKLEWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SCOTT BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349308869

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

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