Form 990 for tax year 2023
Filed by CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA.
Totals
- Total revenue
- $75,457,779
- Total expenses
- $44,462,284
- Contributions and grants received
- $54,054,703
- Grants paid
- $38,490,958
- Program service revenue
- $1,664,577
- Investment income
- $19,738,499
- Other revenue
- $0
- Total assets, end of year
- $666,642,788
- Total liabilities, end of year
- $351,413,001
- Net assets or fund balances, end of year
- $315,229,787
- Program services expenses (Part IX)
- $39,014,577
- Management and general expenses
- $3,273,130
- Fundraising expenses
- $2,174,577
- Program service expenses (Part III)
- $39,014,577
Program services were 87.7% 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
$54,054,703
-
1g · Noncash contributions included above
$12,745,679
-
2a · Program service revenue: MANAGEMENT FEES
total $1,664,577 · related or exempt $1,664,577
-
3 · Investment income
total $11,040,730 · unrelated business $2,764,023 · excluded $8,276,707
-
7a · Gross sales of assets other than inventory
securities $96,113,354
-
7b · Less cost or other basis and sales expenses
securities $87,415,585
-
7c · Gain or loss
securities $8,697,769
-
7d · Net gain or loss
total $8,697,769 · excluded $8,697,769
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $38,490,958 · program services $38,490,958
-
5 · Compensation of officers, directors and key employees
total $946,252 · program services $105,271 · management and general $383,129 · fundraising $457,852
-
7 · Other salaries and wages
total $1,608,935 · program services $252,943 · management and general $527,284 · fundraising $828,708
-
8 · Pension plan contributions
total $118,345 · program services $18,161 · management and general $38,504 · fundraising $61,680
-
9 · Other employee benefits
total $196,592 · program services $28,314 · management and general $65,276 · fundraising $103,002
-
10 · Payroll taxes
total $159,295 · program services $22,736 · management and general $55,028 · fundraising $81,531
-
11b · Fees: legal
total $9,098 · program services $1,018 · fundraising $8,080
-
11c · Fees: accounting
total $61,080 · management and general $61,080
-
11f · Fees: investment management
total $1,909,248 · management and general $1,909,248
-
11g · Fees: other
total $83,488 · program services $11,916 · management and general $28,841 · fundraising $42,731
-
12 · Advertising and promotion
total $289,532 · fundraising $289,532
-
13 · Office expenses
total $93,354 · program services $13,324 · management and general $32,249 · fundraising $47,781
-
14 · Information technology
total $258,203 · program services $36,852 · management and general $89,196 · fundraising $132,155
-
16 · Occupancy
total $124,277 · program services $17,738 · management and general $42,931 · fundraising $63,608
-
17 · Travel
total $3,580 · program services $511 · management and general $1,237 · fundraising $1,832
-
19 · Conferences, conventions and meetings
total $6,175 · program services $881 · management and general $2,133 · fundraising $3,161
-
22 · Depreciation, depletion and amortization
total $39,739 · program services $5,672 · management and general $13,728 · fundraising $20,339
-
24a · Other expenses: DUES & MEMBERSHIPS
total $39,641 · program services $5,658 · management and general $13,694 · fundraising $20,289
-
24e · All other expenses
total $24,492 · program services $2,624 · management and general $9,572 · fundraising $12,296
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,587,607 · end of year $2,570,175
-
2 · Savings and temporary cash investments
beginning of year $63,212,640 · end of year $53,990,991
-
3 · Pledges and grants receivable
beginning of year $2,283,769 · end of year $1,541,241
-
9 · Prepaid expenses and deferred charges
beginning of year $310,946 · end of year $353,135
-
10a · Land, buildings and equipment: cost or other basis
$308,689
-
10b · Land, buildings and equipment: accumulated depreciation
$216,041
-
10c · Land, buildings and equipment, net
beginning of year $78,564 · end of year $92,648
-
11 · Investments: publicly traded securities
beginning of year $380,683,185 · end of year $468,540,786
-
12 · Investments: other securities
beginning of year $142,367,726 · end of year $134,651,301
-
13 · Investments: program-related
beginning of year $977,916 · end of year $925,497
-
15 · Other assets
beginning of year $3,606,739 · end of year $3,977,014
-
17 · Accounts payable and accrued expenses
beginning of year $984,480 · end of year $1,058,186
-
18 · Grants payable
beginning of year $728,500 · end of year $748,000
-
21 · Escrow or custodial account liability
beginning of year $231,182,309 · end of year $252,755,207
-
25 · Other liabilities
beginning of year $84,965,635 · end of year $96,851,608
-
27 · Net assets without donor restrictions
beginning of year $93,809,975 · end of year $116,422,204
-
28 · Net assets with donor restrictions
beginning of year $183,438,193 · end of year $198,807,583
Mission and programs · 2023
Mission
THE MISSION OF THE CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA IS TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.
Activities or mission (Part I)
TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.
-
THE FOUNDATION INSPIRES CATHOLIC PHILANTHROPY AND INVESTS, MANAGES, AND DISTRIBUTES CHARITABLE ASSETS AS GUIDED BY OUR DONORS AND OUR CATHOLIC IDENTITY.THE FOUNDATION FACILITATES PLANNED AND CURRENT GIFTS TO ENDOWMENTS AND DONOR ADVISED FUNDS WHICH FINANCIALLY SUPPORT NEEDS IN OUR CATHOLIC COMMUNITY. IN THE PAST YEAR, OVER 1,160 CATHOLIC PARISHES, SCHOOLS AND OTHER ORGANIZATIONS BENEFITED FROM OVER 4,300 GRANTS FROM THE FOUNDATION, TOTALING NEARLY $38.5M.
Expenses $39,014,577 · Grants $38,490,958 · Revenue $1,664,577
As filed on the 2023 return.
Listed in Part VII
-
Archbishop Bernard HebdaARCHBISHOP BERNARD HEBDA
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy CooneyKATHY COONEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Monique MaddoxMONIQUE MADDOX
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Greg MelsenGREG MELSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Margaret MurphyMARGARET MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt Kuhn JDMATT KUHN JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike FelmleeMIKE FELMLEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rachael SchererRACHAEL SCHERER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nancy UtoftNANCY UTOFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul Dwyer CFAPAUL DWYER CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas MertensTHOMAS MERTENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Reverend Charles LachowitzerREVEREND CHARLES LACHOWITZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sheila BerubeSHEILA BERUBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kate WengerKATE WENGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason MorrisonJASON MORRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jj KirbyJJ KIRBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Julie CravenJULIE CRAVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William FaulknerWILLIAM FAULKNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jackie GibneyJACKIE GIBNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Frank ForsbergFRANK FORSBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth KeyesELIZABETH KEYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff HawkinsJEFF HAWKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia Bailey MannsCYNTHIA BAILEY MANNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ann HilgerANN HILGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anne Cullen MillerANNE CULLEN MILLER
PRESIDENT
- Total calculated
- $407,860
- From this org
- $388,132
- From related orgs
- $0
- Other
- $19,728
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $322,377
- Bonus
- $64,675
- Other
- $1,080
- Deferred
- $16,500
- Nontaxable benefits
- $3,228
- Filer's total
- $407,860
-
Casey J ScottCASEY J SCOTT
VP OF FINANCE AND ADMIN
- Total calculated
- $237,218
- From this org
- $212,278
- From related orgs
- $0
- Other
- $24,940
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,928
- Bonus
- $40,350
- Other
- $0
- Deferred
- $10,888
- Nontaxable benefits
- $14,052
- Filer's total
- $237,218
-
Christopher NelsonCHRISTOPHER NELSON
VP OF DEVELOPMENT & DONOR
- Total calculated
- $251,131
- From this org
- $231,270
- From related orgs
- $0
- Other
- $19,861
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,920
- Bonus
- $25,350
- Other
- $0
- Deferred
- $12,072
- Nontaxable benefits
- $7,789
- Filer's total
- $251,131
-
Mike RicciMIKE RICCI
DIRECTOR OF OUTREACH & INV
- Total calculated
- $189,643
- From this org
- $159,148
- From related orgs
- $0
- Other
- $30,495
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,148
- Bonus
- $5,000
- Other
- $0
- Deferred
- $8,281
- Nontaxable benefits
- $22,214
- Filer's total
- $189,643
-
Meg Payne NelsonMEG PAYNE NELSON
VP OF IMPACT
- Total calculated
- $197,184
- From this org
- $169,192
- From related orgs
- $0
- Other
- $27,992
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,192
- Bonus
- $30,000
- Other
- $0
- Deferred
- $9,017
- Nontaxable benefits
- $18,975
- Filer's total
- $197,184
-
Jeanne SchaafJEANNE SCHAAF
DIRECTOR OF INSTITUTIONAL STEWARDSHIP
- Total calculated
- $131,614
- From this org
- $112,289
- From related orgs
- $0
- Other
- $19,325
- Hours/week
- 40
-
Bethel RuestBETHEL RUEST
SENIOR PHILANTHROPIC ADVISOR
- Total calculated
- $134,995
- From this org
- $108,480
- From related orgs
- $0
- Other
- $26,515
- Hours/week
- 40
-
Rebecca AbbottREBECCA ABBOTT
FUND ACCOUNTING MANAGER
- Total calculated
- $129,600
- From this org
- $103,632
- From related orgs
- $0
- Other
- $25,968
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
ARCHDIOCESE OF SAINT PAUL & MINNEAPOLIS
$5,591,668
CAMPAIGN GIFT, CAPITAL IMPROVEMENTS, GENERAL OPERATING, PROGRAM SUPPORT, RESPECT LIFE OFFICE, RETIRED RELIGIOUS, ROADMAP EXPENSES
-
TRINITY WOODS CATHOLIC RETREAT CENTER
$2,503,750
CAPITAL IMPROVEMENTS, GENERAL OPERATING, MISSIONARY SUPPORT, PROGRAM SUPPORT
-
$2,185,932
FOOD/CLOTHING, GENERAL OPERATING, PROGRAM SUPPORT, TUITION ASSISTANCE
-
$2,000,000
CAMPAIGN GIFT
-
$1,246,925
CAPITAL CAMPAIGN, CAPITAL IMPROVEMENTS, GENERAL OPERATING, PROGRAM SUPPORT, SUMMER OF MORE, VACATION BIBLE SCHOOL
-
$1,093,150
CAPITAL CAMPAIGN, GENERAL OPERATING, SCHOLARSHIP FUND, TUITION ASSISTANCE
-
$1,026,500
CAMPAIGN GIFT, GENERAL OPERATING
-
PLYMOUTH CHRISTIAN YOUTH CENTER
$1,000,300
DEBT REDUCTION, GENERAL OPERATING
-
JESUIT RETREAT HOUSE - DEMONTREVILLE
$742,087
CAMPAIGN GIFT, CAPITAL CAMPAIGN, GENERAL OPERATING, MATCHING GIFT
-
$594,743
GENERAL OPERATING, HOPE STREET, PASTORAL MINISTRY, PROGRAM SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (10)
T · INVESTMENTS · MN · share of assets $3,731,570 · controlled entity
Directly controlled by CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433519349301383
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