Totals
- Total revenue
- $7,304,348
- Total expenses
- $5,381,761
- Contributions and grants received
- $3,935,126
- Grants paid
- $4,033,201
- Program service revenue
- $0
- Investment income
- $1,553,235
- Other revenue
- $1,815,987
- Total assets, end of year
- $49,208,638
- Total liabilities, end of year
- $331,478
- Net assets or fund balances, end of year
- $48,877,160
- Program services expenses (Part IX)
- $4,033,201
- Management and general expenses
- $1,348,560
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,033,201
Program services were 74.9% 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
$3,935,126
-
1g · Noncash contributions included above
$342,980
-
3 · Investment income
total $1,251,591 · unrelated business -$3,083 · excluded $1,254,674
-
6a · Gross rents
real property $342,200
-
6b · Less rental expenses
real property $56,271
-
6c · Rental income or loss
real property $285,929
-
6d · Net rental income or loss
total $285,929 · excluded $285,929
-
7a · Gross sales of assets other than inventory
securities $13,846,624
-
7b · Less cost or other basis and sales expenses
securities $13,544,980
-
7c · Gain or loss
securities $301,644
-
7d · Net gain or loss
total $301,644 · excluded $301,644
-
11a · Other revenue: TIMBER INCOME
total $1,338,565 · excluded $1,338,565
-
11b · Other revenue: MISCELLANEOUS INCOME
total $191,493 · excluded $191,493
-
11e · Other revenue, total
$1,530,058
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,033,201 · program services $4,033,201
-
11a · Fees: management
total $157,000 · management and general $157,000
-
11c · Fees: accounting
total $52,559 · management and general $52,559
-
11f · Fees: investment management
total $98,675 · management and general $98,675
-
13 · Office expenses
total $8,679 · management and general $8,679
-
23 · Insurance
total $9,372 · management and general $9,372
-
24a · Other expenses: TREE FARM
total $817,643 · management and general $817,643
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $187,700 · management and general $187,700
-
24c · Other expenses: BAD DEBT EXPENSE
total $16,932 · management and general $16,932
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,011,123 · end of year $5,259,122
-
3 · Pledges and grants receivable
beginning of year $8,516 · end of year $19,139
-
4 · Accounts receivable
beginning of year $200,000 · end of year $196,112
-
7 · Other notes and loans receivable
beginning of year $181,658 · end of year $170,571
-
10a · Land, buildings and equipment: cost or other basis
$410,569
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $410,569 · end of year $410,569
-
11 · Investments: publicly traded securities
beginning of year $41,078,884 · end of year $42,445,431
-
12 · Investments: other securities
beginning of year $630,282 · end of year $557,839
-
15 · Other assets
beginning of year $146,964 · end of year $149,855
-
17 · Accounts payable and accrued expenses
beginning of year $192,718 · end of year $170,092
-
19 · Deferred revenue
beginning of year $10,356 · end of year $10,450
-
25 · Other liabilities
beginning of year $1,505,192 · end of year $150,936
-
27 · Net assets without donor restrictions
beginning of year $17,450,264 · end of year $18,546,022
-
28 · Net assets with donor restrictions
beginning of year $26,509,466 · end of year $30,331,138
Mission and programs · 2023
Mission
THE ABBEY FOUNDATION OF OREGON PROMOTES THE FINANCIAL VITALITY OF MOUNT ANGEL ABBEY BY SEEKING OPERATING SUPPORT IN ADDITION TO SPECIAL PROJECT FUNDING AND LONG-TERM ENDOWMENTS FOR THE MONASTERY, MT. ANGEL SEMINARY, THE RETREAT AND GUEST PROGRAMS, AND THE LIBRARY.
Activities or mission (Part I)
TO PROMOTE THE FINANCIAL VITALITY OF MOUNT ANGEL ABBEY.
-
THE ABBEY FOUNDATION OF OREGON WAS ESTABLISHED TO SUPPORT THE WORK OF MT. ANGEL ABBEY, INCLUDING THE MT. ANGEL MONASTERY, SEMINARY, LIBRARY AND GUEST HOUSE. MT. ANGEL ABBEY IS A MONASTIC COMMUNITY FORMED IN 1882 WHICH OPERATES THE SECOND LARGEST CATHOLIC SEMINARY IN THE UNITED STATES. THE FOUNDATION PROVIDES GRANTS TO MT. ANGEL ABBEY AND OPERATES PRIMARILY IN THREE AREAS: OPERATING SUPPORT: THE FOUNDATION MAKES GRANTS TO MT. ANGEL ABBEY TO HELP UNDERWRITE THE COST OF EDUCATION FOR SEMINARIANS AT THE MT. ANGEL SEMINARY. CAPITAL SUPPORT: THE FOUNDATION RAISES FUNDS FOR THE VARIOUS CAPITAL NEEDS OF MT. ANGEL ABBEY. ENDOWMENT SUPPORT: THE FOUNDATION ALSO ADMINISTERS A NUMBER OF ENDOWMENTS CREATED BY GIFTS FROM DONORS IN SUPPORT OF MT. ANGEL ABBEY AND ITS PROGRAMS.
Expenses $4,033,201 · Grants $4,033,201
As filed on the 2023 return.
Listed in Part VII
-
James ZuichesJAMES ZUICHES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Donald WilliamsDONALD WILLIAMS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Rex WardlawREX WARDLAW
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
John LimbJOHN LIMB
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Fr Philip WaibelFR PHILIP WAIBEL
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Sister Adele Marie Altenhofen SsmoSISTER ADELE MARIE ALTENHOFEN SSMO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark C BeckiusMARK C BECKIUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rt Rev Jeremy Driscoll OsbRT REV JEREMY DRISCOLL OSB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer EppingJENNIFER EPPING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paulette FurnessPAULETTE FURNESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Cayanus JonesLYNN CAYANUS JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sally KillgoreSALLY KILLGORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul KellerPAUL KELLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe PszerackiJOE PSZERACKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Claire Schulte CPACLAIRE SCHULTE CPA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rev Charles WoodREV CHARLES WOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anne YooANNE YOO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William ZuelkeWILLIAM ZUELKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John CallegariJOHN CALLEGARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kimball FerrisKIMBALL FERRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Teresa TolentoTERESA TOLENTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul ZollnerPAUL ZOLLNER
TRUSTEE
- 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.
Grants on this return
-
$4,033,201
TO SUPPORT THE PROGRAMS AND OPERATIONS OF MOUNT ANGEL ABBEY.
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.
-
501(C)(3) · SPIRITUAL LEADERSHIP AND OUTREACH · OR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541329349306644
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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