Form 990 for tax year 2023
Filed by FOUNDATION OF THE ROMAN CATHOLIC DIOCESE OF OGDENSBURG INC.
Totals
- Total revenue
- $353,596
- Total expenses
- $379,944
- Contributions and grants received
- $93,174
- Grants paid
- $250,000
- Program service revenue
- $0
- Investment income
- $260,422
- Other revenue
- $0
- Total assets, end of year
- $7,934,771
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,934,771
- Program services expenses (Part IX)
- $250,000
- Management and general expenses
- $129,944
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $250,000
Program services were 65.8% 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
$93,174
-
3 · Investment income
total $213,370 · related or exempt $213,370
-
7a · Gross sales of assets other than inventory
securities $5,401,516
-
7b · Less cost or other basis and sales expenses
securities $5,354,464
-
7c · Gain or loss
securities $47,052
-
7d · Net gain or loss
total $47,052 · related or exempt $47,052
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $250,000 · program services $250,000
-
11a · Fees: management
total $79,222 · management and general $79,222
-
11c · Fees: accounting
total $4,800 · management and general $4,800
-
11f · Fees: investment management
total $43,783 · management and general $43,783
-
12 · Advertising and promotion
total $1,720 · management and general $1,720
-
13 · Office expenses
total $419 · management and general $419
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $153,700 · end of year $18,186
-
2 · Savings and temporary cash investments
beginning of year $185,347 · end of year $258,843
-
4 · Accounts receivable
beginning of year $11,310 · end of year $11,454
-
11 · Investments: publicly traded securities
beginning of year $7,312,007 · end of year $7,644,436
-
15 · Other assets
beginning of year $1,852 · end of year $1,852
-
27 · Net assets without donor restrictions
beginning of year -$119,361 · end of year -$129,944
-
28 · Net assets with donor restrictions
beginning of year $7,783,577 · end of year $8,064,715
Mission and programs · 2023
Mission
The Foundation is committed to promoting the well-being of the Roman Catholic Diocese of Ogdensburg and its affiliates and related parishes, schools, corporations, departments, institutions, organizations, entities and programs through dividend distributions at the discretion of its Board.
Activities or mission (Part I)
The Foundation is committed to promoting the well-being of the Roman Catholic Diocese of Ogdensburg and all its affiliates and related parishes, schools, corporations, departments, institutions, organizatons,entities and programs through dividend distributions at the discretion of its Board.
-
Dividends were issued to the Diocese of Ogdensburg, parishes, and other catholic entities in support of various ministries as donor-directed in the agreement between the Foundation and the donor.
Expenses $250,000 · Grants $250,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bishop Terry R LaValley
President
- Total calculated
- $0
- Hours/week
- 1
-
Reverend Joseph A Morgan
Vice-President
- Total calculated
- $0
- Hours/week
- 1
-
Mark T Mashaw
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Sister Mary Eamon Lyng SSJ
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Reverend Kevin McEwan
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas A Hannan
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Deacon Mark Webster
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
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
-
Roman Catholic Diocese of Ogdensburg
$122,832
To support programs as identified in the donor agreement.
-
To support ministries of the parish as identified in the donor agreement.
-
St Patrick's Church
$12,973
To support ministries of the parish as identified in the donor agreement.
-
$10,460
To support programs of the school as identified in the donor agreement.
-
St Henry's Church
$9,906
To support ministries of the parish as identified in the donor agreement.
-
RC Community of Alexandria
$6,657
To support ministries of the parish as identified in the donor agreement.
-
To support ministries of the parish as identified in the donor agreement.
-
$5,405
To support ministries of the parish as identified in the donor agreement.
-
$5,226
To support ministries of the parish as identified in the donor agreement.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531339349305413
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