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← PORTIUNCULA FOUNDATION OF THE SISTERS OF ST FRANCIS OF THE NEUMA

Form 990 for tax year 2023

Filed by PORTIUNCULA FOUNDATION OF THE SISTERS OF ST FRANCIS OF THE NEUMA.

Totals

Total revenue
$81,580
Total expenses
$188,442
Contributions and grants received
$54,069
Grants paid
$133,000
Program service revenue
$0
Investment income
$27,511
Other revenue
$0
Total assets, end of year
$5,852,270
Total liabilities, end of year
$3,403
Net assets or fund balances, end of year
$5,848,867
Program services expenses (Part IX)
$185,815
Management and general expenses
$2,627
Fundraising expenses
$0
Program service expenses (Part III)
$185,815

Program services were 98.6% 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

    $54,069

  • 3 · Investment income

    total $118,727 · excluded $118,727

  • 7a · Gross sales of assets other than inventory

    securities $538,257

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

    securities $629,473

  • 7c · Gain or loss

    securities -$91,216

  • 7d · Net gain or loss

    total -$91,216 · excluded -$91,216

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,000 · program services $133,000

  • 11a · Fees: management

    total $1,610 · program services $1,208 · management and general $402

  • 11c · Fees: accounting

    total $6,400 · program services $4,800 · management and general $1,600

  • 11f · Fees: investment management

    total $44,933 · program services $44,933

  • 13 · Office expenses

    total $1,196 · program services $897 · management and general $299

  • 23 · Insurance

    total $1,000 · program services $750 · management and general $250

  • 24a · Other expenses: Bank Fees

    total $303 · program services $227 · management and general $76

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,845 · end of year $1,896

  • 2 · Savings and temporary cash investments

    beginning of year $13,270 · end of year $7,788

  • 11 · Investments: publicly traded securities

    beginning of year $5,213,113 · end of year $5,842,586

  • 17 · Accounts payable and accrued expenses

    end of year $3,403

  • 27 · Net assets without donor restrictions

    beginning of year $4,241,603 · end of year $4,978,257

  • 28 · Net assets with donor restrictions

    beginning of year $987,625 · end of year $870,610

Mission and programs · 2023

Mission

To support efforts to advance the health and well-being of society in communities where The Sisters of St. Francis of the Neumann Communities Minister.

  • Funds are granted by the foundation in furtherance of public health care ministries, to promote health care related education and to advance the health and well-being of society in communities where the sisters minister.

    Expenses $185,815 · Grants $133,000

As filed on the 2023 return.

Listed in Part VII

  • Peter Valotta

    Chair

    Total calculated
    $0
    Hours/week
    0.2

  • Yvonne Dursh

    SecretaryTreasurer

    Total calculated
    $0
    Hours/week
    0.2

  • Jason Staley

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 September 2024
IRS schema version
2023v5.1
Source object
202413309349301401

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