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← DAUGHTERS OF CHARITY FOUNDATION

Form 990 for tax year 2022

Filed by DAUGHTERS OF CHARITY FOUNDATION.

Totals

Total revenue
$14,219,119
Total expenses
$31,959,785
Contributions and grants received
$998,330
Grants paid
$23,935,487
Program service revenue
$0
Investment income
$7,669,005
Other revenue
$5,551,784
Total assets, end of year
$378,934,423
Total liabilities, end of year
$29,061,657
Net assets or fund balances, end of year
$349,872,766
Program services expenses (Part IX)
$31,380,001
Management and general expenses
$579,784
Fundraising expenses
$0
Program service expenses (Part III)
$31,380,001

Program services were 98.2% 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

    $998,330

  • 3 · Investment income

    total $7,669,005 · excluded $7,669,005

  • 6a · Gross rents

    real property $611,487

  • 6b · Less rental expenses

    real property $482,707

  • 6c · Rental income or loss

    real property $128,780

  • 6d · Net rental income or loss

    total $128,780 · excluded $128,780

  • 11a · Other revenue: Interest income - programmatic loans

    total $5,369,083 · related or exempt $5,369,083

  • 11b · Other revenue: Miscellaneous income

    total $53,921 · related or exempt $53,921

  • 11e · Other revenue, total

    $5,423,004

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,935,487 · program services $23,935,487

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $171,929 · program services $120,350 · management and general $51,579

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,127,925 · program services $789,548 · management and general $338,377

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $87,779 · program services $61,445 · management and general $26,334

  • 11c · Fees: accounting

    total $48,890 · program services $34,223 · management and general $14,667

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,200 · program services $840 · management and general $360

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $269,708 · program services $188,796 · management and general $80,912

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $118,902 · program services $83,231 · management and general $35,671

  • 17 · Travel

    total $49,887 · program services $44,898 · management and general $4,989

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $359,054 · program services $351,873 · management and general $7,181

  • 23 · Insurance

    total $55,350 · program services $38,745 · management and general $16,605

  • 24a · Other expenses: Charitable contributions - Ministry programs

    total $4,709,156 · program services $4,709,156

  • 24b · Other expenses: Property taxes

    total $317,593 · program services $317,593

  • 24c · Other expenses: Donations

    total $683,999 · program services $683,999

  • 24e · All other expenses

    total $22,926 · program services $19,817 · management and general $3,109

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,782,177 · end of year $2,797,775

  • 2 · Savings and temporary cash investments

    beginning of year $2,084,862 · end of year $3,842,223

  • 4 · Accounts receivable

    beginning of year $2,811 · end of year $2,811

  • 7 · Other notes and loans receivable

    beginning of year $61,885,602 · end of year $60,911,044

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,695 · end of year $9,787

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

    $45,048,481

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

    $2,420,078

  • 10c · Land, buildings and equipment, net

    beginning of year $41,274,977 · end of year $42,628,403

  • 11 · Investments: publicly traded securities

    beginning of year $285,074,615 · end of year $268,489,117

  • 15 · Other assets

    end of year $253,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,201 · end of year $81,942

  • 18 · Grants payable

    beginning of year $21,524,824 · end of year $23,464,290

  • 25 · Other liabilities

    beginning of year $5,764,983 · end of year $5,515,425

  • 27 · Net assets without donor restrictions

    beginning of year $365,235,086 · end of year $348,128,204

  • 28 · Net assets with donor restrictions

    beginning of year $1,633,645 · end of year $1,744,562

Mission and programs · 2022

Mission

The Foundations purpose is to engage in the solicitation, receipt and administration of contributions and their disbursements to and for the benefit of the Daughters of Charity of St. Vincent de Paul, Province of the West. The activities listed below delineate the major functions.

Activities or mission (Part I)

Daughters of Charity Foundation the Foundation, funds various health, welfare, educational, and religious activities of the ministries of the Daughters of Charity, Province of the West, and internationally.

  • The Foundation funds the various health, welfare, educational and religious activities of the ministries of the Daughters of Charity, Province of the West and internationally.

    Expenses $21,422,100

  • Educational Enrichment and High School Tuition Assistance Program HSTAP provide schools in the western province with funds that enhance libraries, arts and sports programs, annual field trips as well as high school tuition for graduates of Daughters of Charity schools.

    Expenses $723,675

  • De Marillac graduates Provides tuition for graduates of De Marillac Academy to continue their education at a Catholic high school.

    Expenses $1,789,712

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Liz Sandoval

    CFO

    Total calculated
    $213,229
    From this org
    $171,929
    From related orgs
    $0
    Other
    $41,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,929
    Bonus
    not reported
    Other
    $41,300
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $213,229

  • Kevin Cavanaugh

    Director, Graduate Support

    Total calculated
    $185,291
    From this org
    $143,131
    From related orgs
    $0
    Other
    $42,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Patricia Toscano

    Director, Finance

    Total calculated
    $180,404
    From this org
    $138,637
    From related orgs
    $0
    Other
    $41,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Sean Hernandez

    Manager, IT

    Total calculated
    $128,370
    From this org
    $113,599
    From related orgs
    $0
    Other
    $14,771
    Hours/week
    40

  • Sister Joyce Weller DC

    Executive Director

    Total calculated
    $0
    Hours/week
    40

  • Janet W Abbott

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Marcia Caden

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Sister Julie Kubasak

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alma Arredondo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Trish Baesemann

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Balbona

    Director

    Total calculated
    $0
    Hours/week
    1

  • Barbara Barrett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elena Caruso

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Gallo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Elizabeth Gallo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Kozai

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lucy Mchale

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margaret Chambers McMonigle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nancy Myers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sister Michelle Randall DC

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sister Marjory Ann Baez DC

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sister Chris Maggi DC

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sister Arthur Gordon DC

    Director

    Total calculated
    $0
    Hours/week
    1

  • Beth O'Brien

    Director

    Total calculated
    $0
    Hours/week
    1

  • Janet Ruggiero

    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. 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

None.

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 May 2024
IRS schema version
2022v5.0
Source object
202421349349308187

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

The source document this was parsed from is served over the API, which is where bulk and document access live.