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← CATHOLIC CHARITIES FOUNDATION OF THE ARCHDIOCESE OF MILWAUKEE INC

Form 990 for tax year 2022

Filed by CATHOLIC CHARITIES FOUNDATION OF THE ARCHDIOCESE OF MILWAUKEE INC.

Totals

Total revenue
-$625,844
Total expenses
$285,937
Contributions and grants received
$69,113
Grants paid
$212,000
Program service revenue
$0
Investment income
-$701,858
Other revenue
$6,901
Total assets, end of year
$5,589,728
Total liabilities, end of year
$303,345
Net assets or fund balances, end of year
$5,286,383
Program services expenses (Part IX)
$212,000
Management and general expenses
$73,937
Fundraising expenses
$0
Program service expenses (Part III)
$212,000

Program services were 74.1% 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

    $69,113

  • 3 · Investment income

    total $51,469 · excluded $51,469

  • 6a · Gross rents

    real property $78,650

  • 6b · Less rental expenses

    real property $71,749

  • 6c · Rental income or loss

    real property $6,901

  • 6d · Net rental income or loss

    total $6,901 · related or exempt $6,901

  • 7a · Gross sales of assets other than inventory

    securities $993,442

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

    securities $1,746,769

  • 7c · Gain or loss

    securities -$753,327

  • 7d · Net gain or loss

    total -$753,327 · excluded -$753,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $212,000 · program services $212,000

  • 11c · Fees: accounting

    total $10,672 · management and general $10,672

  • 11f · Fees: investment management

    total $27,689 · management and general $27,689

  • 13 · Office expenses

    total $16,853 · management and general $16,853

  • 20 · Interest

    total $12,851 · management and general $12,851

  • 24a · Other expenses: OTHER

    total $3,009 · management and general $3,009

  • 24b · Other expenses: BANK CHARGES

    total $2,863 · management and general $2,863

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,115 · end of year $123,634

  • 2 · Savings and temporary cash investments

    beginning of year $9,007 · end of year $5,769

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

    $1,628,614

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

    $729,258

  • 10c · Land, buildings and equipment, net

    beginning of year $846,028 · end of year $899,356

  • 11 · Investments: publicly traded securities

    beginning of year $5,185,582 · end of year $4,508,969

  • 15 · Other assets

    beginning of year $52,000 · end of year $52,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $6 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $301,832 · end of year $262,315

  • 25 · Other liabilities

    beginning of year $31,730 · end of year $41,030

  • 27 · Net assets without donor restrictions

    beginning of year $915,543 · end of year $3,007,711

  • 28 · Net assets with donor restrictions

    beginning of year $5,282,621 · end of year $2,278,672

Mission and programs · 2022

Mission

PROVIDE SUPPORT TO THE CATHOLIC CHARITIES OF THE ARCHDIOCESE OF MILWAUKEE, INC.

  • PROVIDE SUPPORT TO THE CATHOLIC CHARITIES OF THE ARCHDIOCESE OF MILWAUKEE, INC.

    Expenses $212,000 · Grants $212,000 · Revenue $6,901

As filed on the 2022 return.

Listed in Part VII

  • Diane Knight

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jackie Rekowski

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 36 related

  • John Marek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Bloedorn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sally Gramling

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sharon Deguzman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ricardo Cisneros

    CHIEF OPERATING OFFICER

    Total calculated
    $143,406
    From this org
    $11,681
    From related orgs
    $105,133
    Other
    $26,592
    Hours/week
    4 + 36 related

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202303189349313825

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