Skip to content
Nonprofiteer
← NORTHERN MICHIGAN CATHOLIC FOUNDATION

Form 990 for tax year 2024

Filed by NORTHERN MICHIGAN CATHOLIC FOUNDATION.

Totals

Total revenue
$6,737,020
Total expenses
$772,277
Contributions and grants received
$4,662,658
Grants paid
$523,399
Program service revenue
$0
Investment income
$2,074,362
Other revenue
$0
Total assets, end of year
$44,671,854
Total liabilities, end of year
$47,699
Net assets or fund balances, end of year
$44,624,155
Program services expenses (Part IX)
$584,155
Management and general expenses
$112,873
Fundraising expenses
$75,249
Program service expenses (Part III)
$584,155

Program services were 75.6% 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

    $4,662,658

  • 3 · Investment income

    total $941,954 · excluded $941,954

  • 7a · Gross sales of assets other than inventory

    securities $1,132,408

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

    securities $0

  • 7c · Gain or loss

    securities $1,132,408

  • 7d · Net gain or loss

    total $1,132,408 · related or exempt $1,132,408

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $523,399 · program services $523,399

  • 5 · Compensation of officers, directors and key employees

    total $120,000 · management and general $72,000 · fundraising $48,000

  • 9 · Other employee benefits

    total $17,366 · management and general $10,420 · fundraising $6,946

  • 10 · Payroll taxes

    total $9,180 · management and general $5,508 · fundraising $3,672

  • 11a · Fees: management

    total $1,000 · management and general $600 · fundraising $400

  • 11c · Fees: accounting

    total $16,610 · management and general $9,966 · fundraising $6,644

  • 11f · Fees: investment management

    total $60,756 · program services $60,756

  • 12 · Advertising and promotion

    total $2,400 · management and general $1,440 · fundraising $960

  • 13 · Office expenses

    total $7,025 · management and general $4,215 · fundraising $2,810

  • 14 · Information technology

    total $9,610 · management and general $5,766 · fundraising $3,844

  • 23 · Insurance

    total $3,369 · management and general $2,021 · fundraising $1,348

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $1,190 · management and general $714 · fundraising $476

  • 24b · Other expenses: MISCELLANEOUS

    total $160 · management and general $96 · fundraising $64

  • 24c · Other expenses: TECHNOLOGY WEBSITE

    total $135 · management and general $81 · fundraising $54

  • 24d · Other expenses: CREDIT CARD PROCESSING

    total $77 · management and general $46 · fundraising $31

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $188,536 · end of year $216,511

  • 11 · Investments: publicly traded securities

    beginning of year $36,023,535 · end of year $44,455,343

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,600 · end of year $3,383

  • 25 · Other liabilities

    beginning of year $46,968 · end of year $44,316

  • 27 · Net assets without donor restrictions

    beginning of year $1,109,482 · end of year $1,225,904

  • 28 · Net assets with donor restrictions

    beginning of year $35,054,021 · end of year $43,398,251

Mission and programs · 2024

Mission

THE FOUNDATION IS ORGANIZED TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF THE LOCAL ROMAN CATHOLIC COMMUNITY WITHIN THE DIOCESE OF GAYLORD AND TO PROVIDE RESPONSIBLE AND EFFECTIVE FUNDRAISING, FINANCIAL MANAGEMENT, STEWARDSHIP, AND USE OF RESOURCES WITH DUE REGARD TO THE TEACHINGS OF THE ROMAN CATHOLIC FAITH.

  • GRANTS PROVIDED TO CATHOLIC CHURCHES, SCHOOLS AND OTHER CATHOLIC ORGANIZATIONS IN CONNECTION WITH THE MISSION OF THE FOUNDATION TO PROVIDE CHARITABLE ASSISTANCE TO THE CATHOLIC COMMUNITY IN NORTHERN MICHIGAN

    Expenses $584,155 · Grants $523,399

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev James Hayden

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Puetz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joel R Myler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Timothy J Clulo

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Stefan Scholl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cliff Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Most Rev Jeffery J Walsh

    DIRECTOR (NON-VOTING)

    Total calculated
    $0
    Hours/week
    1

  • Ron G Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Hardy

    PRESIDENT

    Total calculated
    $127,366
    From this org
    $110,000
    From related orgs
    $0
    Other
    $17,366
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
28 April 2025
IRS schema version
2024v5.1
Source object
202521199349302157

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.