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← CATHOLIC FOUNDATION OF SOUTHWESTERN MICHIGAN

Form 990 for tax year 2023

Filed by CATHOLIC FOUNDATION OF SOUTHWESTERN MICHIGAN.

Totals

Total revenue
$3,274,321
Total expenses
$107,080
Contributions and grants received
$3,094,901
Grants paid
$0
Program service revenue
$0
Investment income
$179,420
Other revenue
$0
Total assets, end of year
$18,620,378
Total liabilities, end of year
$6,623,964
Net assets or fund balances, end of year
$11,996,414
Program services expenses (Part IX)
$4,181
Management and general expenses
$102,899
Fundraising expenses
$0
Program service expenses (Part III)
$4,181

Program services were 3.9% 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

    $3,094,901

  • 3 · Investment income

    total $179,420 · excluded $179,420

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $101,397 · management and general $101,397

  • 23 · Insurance

    total $4,181 · program services $4,181

  • 24a · Other expenses: BANK FEES

    total $1,502 · management and general $1,502

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,660,537 · end of year $5,795,196

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,263

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

    $10,034,245

  • 10c · Land, buildings and equipment, net

    beginning of year $6,758,773 · end of year $10,034,245

  • 11 · Investments: publicly traded securities

    beginning of year $3,105,937 · end of year $2,790,937

  • 25 · Other liabilities

    beginning of year $5,030,251 · end of year $6,623,964

  • 27 · Net assets without donor restrictions

    beginning of year $8,642,259 · end of year $11,996,414

Mission and programs · 2023

Mission

HOLD FUNDS FOR FURTHERING THE CHARITABLE, EDUCATIONAL, AND SOCIAL SERVICES OF THE CATHOLIC CHURCH OF THE DIOCESE OF KALAMAZOO, MI.

  • HELD, MANAGED AND DISTRIBUTED FUNDS FOR FURTHERING THE CHARITABLE, EDUCATIONAL, AND SOCIAL SERVICES OF THE CATHOLIC CHURCH OF THE DIOCESE OF KALAMAZOO, MI.

    Expenses $4,181

As filed on the 2023 return.

Listed in Part VII

  • Bishop Edward M Lohse

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Rev Fabio Garzon

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Tammi Wachterhauser

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Keith Tharp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Theresa Cypher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Sherry Gesmundo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Harding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jack Joswick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Kavanaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ian Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Msgr Tom Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Willis

    DIRECTOR

    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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202511329349306006

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