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← CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA

Form 990 for tax year 2022

Filed by CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA.

Totals

Total revenue
$58,337,820
Total expenses
$29,115,347
Contributions and grants received
$41,028,171
Grants paid
$24,017,511
Program service revenue
$1,507,551
Investment income
$15,973,305
Other revenue
-$171,207
Total assets, end of year
$595,109,092
Total liabilities, end of year
$317,860,924
Net assets or fund balances, end of year
$277,248,168
Program services expenses (Part IX)
$24,487,259
Management and general expenses
$2,697,258
Fundraising expenses
$1,930,830
Program service expenses (Part III)
$24,487,259

Program services were 84.1% 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.

  • 1c · Fundraising events

    $287,882

  • 1f · All other contributions, gifts and grants

    $40,740,289

  • 1g · Noncash contributions included above

    $13,547,361

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,507,551 · related or exempt $1,507,551

  • 3 · Investment income

    total $8,341,689 · unrelated business $716,863 · excluded $7,624,826

  • 7a · Gross sales of assets other than inventory

    securities $110,990,297

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

    securities $103,358,681

  • 7c · Gain or loss

    securities $7,631,616

  • 7d · Net gain or loss

    total $7,631,616 · excluded $7,631,616

  • 8a · Fundraising events: gross income

    $154,250

  • 8a · Fundraising events: contributions included on line 1c

    $287,882

  • 8b · Fundraising events: direct expenses

    $325,457

  • 8c · Net income from fundraising events

    total -$171,207 · excluded -$171,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,017,511 · program services $24,017,511

  • 5 · Compensation of officers, directors and key employees

    total $1,034,371 · program services $221,287 · management and general $363,922 · fundraising $449,162

  • 7 · Other salaries and wages

    total $1,351,072 · program services $126,177 · management and general $463,219 · fundraising $761,676

  • 8 · Pension plan contributions

    total $96,060 · program services $10,591 · management and general $32,496 · fundraising $52,973

  • 9 · Other employee benefits

    total $146,073 · program services $10,586 · management and general $50,087 · fundraising $85,400

  • 10 · Payroll taxes

    total $138,315 · program services $19,639 · management and general $46,799 · fundraising $71,877

  • 11b · Fees: legal

    total $6,669 · management and general $367 · fundraising $6,302

  • 11c · Fees: accounting

    total $57,653 · management and general $57,653

  • 11f · Fees: investment management

    total $1,485,359 · management and general $1,485,359

  • 11g · Fees: other

    total $55,178 · program services $7,835 · management and general $18,670 · fundraising $28,673

  • 12 · Advertising and promotion

    total $202,606 · fundraising $202,606

  • 13 · Office expenses

    total $83,534 · program services $11,861 · management and general $28,264 · fundraising $43,409

  • 14 · Information technology

    total $205,964 · program services $29,244 · management and general $69,688 · fundraising $107,032

  • 16 · Occupancy

    total $121,033 · program services $17,185 · management and general $40,952 · fundraising $62,896

  • 17 · Travel

    total $5,876 · program services $834 · management and general $1,988 · fundraising $3,054

  • 19 · Conferences, conventions and meetings

    total $6,189 · program services $879 · management and general $2,094 · fundraising $3,216

  • 22 · Depreciation, depletion and amortization

    total $38,685 · program services $5,493 · management and general $13,089 · fundraising $20,103

  • 24a · Other expenses: DUES & MEMBERSHIPS

    total $38,090 · program services $5,408 · management and general $12,888 · fundraising $19,794

  • 24e · All other expenses

    total $25,109 · program services $2,729 · management and general $9,723 · fundraising $12,657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,746,665 · end of year $1,587,607

  • 2 · Savings and temporary cash investments

    beginning of year $44,996,265 · end of year $63,212,640

  • 3 · Pledges and grants receivable

    beginning of year $3,982,185 · end of year $2,283,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $261,898 · end of year $310,946

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

    $254,866

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

    $176,302

  • 10c · Land, buildings and equipment, net

    beginning of year $70,942 · end of year $78,564

  • 11 · Investments: publicly traded securities

    beginning of year $305,736,983 · end of year $380,683,185

  • 12 · Investments: other securities

    beginning of year $146,243,021 · end of year $142,367,726

  • 13 · Investments: program-related

    beginning of year $967,481 · end of year $977,916

  • 15 · Other assets

    beginning of year $3,385,150 · end of year $3,606,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $908,203 · end of year $984,480

  • 18 · Grants payable

    beginning of year $665,500 · end of year $728,500

  • 21 · Escrow or custodial account liability

    beginning of year $186,646,997 · end of year $231,182,309

  • 25 · Other liabilities

    beginning of year $74,986,162 · end of year $84,965,635

  • 27 · Net assets without donor restrictions

    beginning of year $75,975,320 · end of year $93,809,975

  • 28 · Net assets with donor restrictions

    beginning of year $168,208,408 · end of year $183,438,193

Mission and programs · 2022

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, ALMOST 1,100 CATHOLIC PARISHES, SCHOOLS AND OTHER ORGANIZATIONS BENEFITED FROM NEARLY 3,700 GRANTS FROM THE FOUNDATION, TOTALING $24M.

    Expenses $24,487,259 · Grants $24,017,511 · Revenue $1,507,551

As filed on the 2022 return.

Listed in Part VII

  • THOMAS MCCARR

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KATHY COONEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GREG MELSEN

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MARIE PILLAI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • REVEREND CHARLES LACHOWITZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MONIQUE MADDOX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIE GEREND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVE LENTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JJ KIRBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARGARET MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JACKIE GIBNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATE WENGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM FAULKNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • THOMAS MERTENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JASON MORRISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA BAILEY MANNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • FRANK FORSBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHEILA BERUBE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH KEYES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NANCY UTOFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIKE FELMLEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUG MILROY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID HEINSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARJORIE MATHISON-HANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANE WYATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFF HAWKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIE CRAVEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNE CULLEN MILLER

    PRESIDENT

    Total calculated
    $354,498
    From this org
    $336,139
    From related orgs
    $0
    Other
    $18,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,019
    Bonus
    $53,040
    Other
    $1,080
    Deferred
    $15,250
    Nontaxable benefits
    $3,109
    Filer's total
    $354,498

  • CASEY J SCOTT

    VP OF FINANCE AND ADMIN

    Total calculated
    $200,688
    From this org
    $181,600
    From related orgs
    $0
    Other
    $19,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,600
    Bonus
    $20,000
    Other
    $0
    Deferred
    $5,858
    Nontaxable benefits
    $13,230
    Filer's total
    $200,688

  • ARCHBISHOP BERNARD HEBDA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER NELSON

    VP OF DEVELOPMENT & DONOR

    Total calculated
    $213,657
    From this org
    $196,168
    From related orgs
    $0
    Other
    $17,489
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,168
    Bonus
    $20,000
    Other
    $0
    Deferred
    $10,300
    Nontaxable benefits
    $7,189
    Filer's total
    $213,657

  • MIKE RICCI

    DIRECTOR - OUTREACH & INVEST

    Total calculated
    $183,725
    From this org
    $153,130
    From related orgs
    $0
    Other
    $30,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,130
    Bonus
    $4,000
    Other
    $0
    Deferred
    $7,998
    Nontaxable benefits
    $22,597
    Filer's total
    $183,725

  • MEG PAYNE NELSON

    VP OF IMPACT

    Total calculated
    $166,375
    From this org
    $141,009
    From related orgs
    $0
    Other
    $25,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,009
    Bonus
    $15,000
    Other
    $0
    Deferred
    $7,594
    Nontaxable benefits
    $17,772
    Filer's total
    $166,375

  • JEANNE SCHAAF

    DIRECTOR OF INSTITUTIONAL STEWARDSHIP

    Total calculated
    $123,454
    From this org
    $105,013
    From related orgs
    $0
    Other
    $18,441
    Hours/week
    40

  • BETHEL RUEST

    SENIOR PHILANTHROPIC ADVISOR

    Total calculated
    $129,033
    From this org
    $104,259
    From related orgs
    $0
    Other
    $24,774
    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

The filer's explanations (Part III)

PART I, LINE 3
FOR THE PRESIDENT OF THE ORGANIZATION, THE EXECUTIVE COMMITTEE DETERMINES COMPENSATION UTILIZING COMPARABILITY DATA. THIS PROCESS IS UNDERTAKEN ANNUALLY. THIS PROCESS WAS LAST UNDERTAKEN DURING FISCAL YEAR 2023 FOR THE CURRENT PRESIDENT, ANNE CULLEN MILLER.

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

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 (11)

    T · INVESTMENTS · MN · share of assets $3,958,319 · controlled entity

    Directly controlled by CATHOLIC COMMUNITY FOUNDATION OF MINNESOTA

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303479349301100

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