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← FOUNDATION FOR THE DIOCESE OF HELENA INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR THE DIOCESE OF HELENA INC.

Totals

Total revenue
$24,306,432
Total expenses
$18,782,284
Contributions and grants received
$21,100,971
Grants paid
$96,666
Program service revenue
$2,000
Investment income
$1,393,446
Other revenue
$1,810,015
Total assets, end of year
$61,595,573
Total liabilities, end of year
$13,731,455
Net assets or fund balances, end of year
$47,864,118
Program services expenses (Part IX)
$16,810,114
Management and general expenses
$135,014
Fundraising expenses
$1,837,156
Program service expenses (Part III)
$16,810,114

Program services were 89.5% 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

    $21,100,971

  • 1g · Noncash contributions included above

    $317,930

  • 2a · Program service revenue: MGT FEES - ANNUITY

    total $2,000 · related or exempt $2,000

  • 3 · Investment income

    total $1,056,189 · excluded $1,056,189

  • 6a · Gross rents

    real property $1

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1

  • 6d · Net rental income or loss

    total $1 · related or exempt $1

  • 7a · Gross sales of assets other than inventory

    securities $1,366,153

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

    securities $1,028,896

  • 7c · Gain or loss

    securities $337,257

  • 7d · Net gain or loss

    total $337,257 · excluded $337,257

  • 11a · Other revenue: REIMBURSEMENT FOR CAMPAIGN EXPENS

    total $1,810,014 · excluded $1,810,014

  • 11e · Other revenue, total

    $1,810,014

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,666 · program services $96,666

  • 5 · Compensation of officers, directors and key employees

    total $113,412 · program services $69,941 · management and general $37,801 · fundraising $5,670

  • 7 · Other salaries and wages

    total $107,926 · program services $66,557 · management and general $35,972 · fundraising $5,397

  • 8 · Pension plan contributions

    total $3,558 · program services $2,194 · management and general $1,186 · fundraising $178

  • 9 · Other employee benefits

    total $18,074 · program services $11,146 · management and general $6,024 · fundraising $904

  • 10 · Payroll taxes

    total $18,710 · program services $11,538 · management and general $6,236 · fundraising $936

  • 11b · Fees: legal

    total $3,420 · management and general $3,420

  • 11e · Fees: professional fundraising services

    total $1,723,359 · fundraising $1,723,359

  • 11f · Fees: investment management

    total $486,334 · program services $486,334

  • 11g · Fees: other

    total $42,590 · fundraising $42,590

  • 12 · Advertising and promotion

    total $2,600 · program services $1,300 · fundraising $1,300

  • 13 · Office expenses

    total $57,223 · program services $19,936 · management and general $17,460 · fundraising $19,827

  • 14 · Information technology

    total $11,798 · program services $6,836 · management and general $2,674 · fundraising $2,288

  • 16 · Occupancy

    total $10,700 · program services $6,599 · management and general $3,566 · fundraising $535

  • 17 · Travel

    total $5,720 · program services $1,836 · management and general $1,834 · fundraising $2,050

  • 19 · Conferences, conventions and meetings

    total $1,742 · management and general $1,742

  • 22 · Depreciation, depletion and amortization

    total $41,928 · program services $25,857 · management and general $13,975 · fundraising $2,096

  • 23 · Insurance

    total $494 · management and general $494

  • 24a · Other expenses: CAPITAL CAMPAIGN DISTRI

    total $14,823,326 · program services $14,823,326

  • 24b · Other expenses: ENDOWMENT DISTRIBUTIONS

    total $1,179,326 · program services $1,179,326

  • 24c · Other expenses: DONOR DEVELOPMENT

    total $29,304 · fundraising $29,304

  • 24d · Other expenses: REGISTRATION

    total $2,889 · program services $722 · management and general $1,445 · fundraising $722

  • 24e · All other expenses

    total $1,185 · management and general $1,185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $337,544 · end of year $9,013

  • 2 · Savings and temporary cash investments

    beginning of year $598,367 · end of year $4,453,051

  • 3 · Pledges and grants receivable

    beginning of year $1,969,372 · end of year $13,144,782

  • 4 · Accounts receivable

    beginning of year $8,348 · end of year $67,733

  • 6 · Loans and receivables from disqualified persons

    beginning of year $500 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $183,726

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

    $3,624,138

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

    $417,073

  • 10c · Land, buildings and equipment, net

    beginning of year $3,250,133 · end of year $3,207,065

  • 11 · Investments: publicly traded securities

    beginning of year $31,931,246 · end of year $35,469,163

  • 13 · Investments: program-related

    beginning of year $4,019,468 · end of year $4,037,671

  • 14 · Intangible assets

    beginning of year $1,020 · end of year $1,020

  • 15 · Other assets

    beginning of year $971,946 · end of year $1,022,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,112 · end of year $47,110

  • 18 · Grants payable

    beginning of year $142,442 · end of year $148,931

  • 25 · Other liabilities

    beginning of year $4,059,893 · end of year $13,535,414

  • 27 · Net assets without donor restrictions

    beginning of year $1,055,822 · end of year $1,085,122

  • 28 · Net assets with donor restrictions

    beginning of year $37,731,675 · end of year $46,778,996

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO SERVE AND STRENGTHEN THE PEOPLE, PARISHES, MINISTRIES AND APOSTOLIC MISSION OF THE ROMAN CATHOLIC DIOCESE OF HELENA (REFERRED TO AS "THE DIOCESE" IN THIS RETURN).

  • GRANTS AND DISTRIBUTIONS: DISTRIBUTIONS MADE BY THE FOUNDATION OF ITS DONOR-DIRECTED TEMPORARY AND PERMANENT ENDOWMENT FUNDS TOTALED NEARLY $1.17 MILLION. THE FOUNDATION ALSO MADE GRANTS FROM ITS OWN UNRESTRICTED RESOURCES IN THE AMOUNT OF $96,666 TO HELP PROVIDE FUNDING FOR PARISHES OR PROGRAMS LACKING MONEY FOR SPECIFIC MINISTRIES OR PROJECTS AND TO ASSIST PARISHES WITH UNRESTRICTED RESOURCES. ADDITIONALLY, THE FOUNDATION BOARD DESIGNATED ITS OWN UNRESTRICTED RESOURCES DURING THE FISCAL YEAR AS FOLLOWS: $2,611 TO VARIOUS ENDOWMENT FUNDS WITHIN THE FOUNDATION.THE FOUNDATION CONTINUED TO MANAGE A FIVE YEAR $30 MILLION CAPITAL CAMPAIGN TO RAISE FUNDS FOR THE PARISHES AND DIOCESE OF HELENA.

    Expenses $16,810,114 · Grants $96,666

  • BUILDING AND MANAGING PERMANENT ENDOWMENTS: THE FOUNDATION SOLICITS AND MANAGES GIFTS TO PERMANENT ENDOWMENTS TO SUPPORT THE PARISHES AND MINISTRIES OF THE DIOCESE OF HELENA. OVER $37 MILLION IN ENDOWED FUNDS ARE PROFESSIONALLY MANAGED BY THE FOUNDATION, INVESTED IN ADHERENCE TO THE PRINCIPALS OF SOCIALLY RESPONSIBLE INVESTING AS OUTLINED BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS. ENDOWMENT BENEFICIARIES RECEIVE QUARTERLY ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY AND FUND BALANCES.

    Revenue $2,001

  • CHARITABLE PLANNING EXPERTISE: THE FOUNDATION PROVIDES ANNUAL ESTATE PLANNING AND PLANNED GIVING EDUCATION IN EVERY DEANERY ACROSS THE DIOCESE OF HELENA AND UPON REQUEST FOR AN INDIVIDUAL PARISH/SCHOOL/MINISTRY. CHARITABLE GIFT ANNUITY PROGRAM ADMINISTRATION IS PROVIDED BY THE FOUNDATION, ALLOWING DONORS WITH EASY ACCESS TO THE MONTANA ENDOWMENT TAX CREDIT. THE FOUNDATION ESTABLISHES NAMED ENDOWMENT FUNDS FOR DONORS, ALLOWING THEM TO PROVIDE A STEADY STREAM OF INCOME THAT THEIR CHOSEN PARISH/SCHOOL/MINISTRY CAN COUNT ON IN PERPETUITY. DONORS ESTABLISHING NAMED ENDOWMENT FUNDS RECEIVE ANNUAL ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY, DISTRIBUTIONS TO THEIR DESIGNATED MINISTRY, AND FUND BALANCES.

As filed on the 2023 return.

Listed in Part VII

  • Rona Davison CPA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erica Matelich

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Fr Joe Fleming

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Carl Rummel Cgma CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Deacon Doug Cordier

    IMMEDIATE PAST PRESIDENT(THRU OCT '23)

    Total calculated
    $0
    Hours/week
    1

  • John Talia CPA

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rod Christiaens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lorraine Debruycker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Fox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Fr Tom Haffey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Deacon Charlie Harball

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Humberger CPA Pmp MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Helen McCarthy Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jim McDonald CPA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Schmitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Thies

    EXECUTIVE DIRECTOR

    Total calculated
    $111,095
    From this org
    $100,170
    From related orgs
    $0
    Other
    $10,925
    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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LEGENDARY HOLDINGS LLC

    REAL ESTATE HOLDING OF LEGENDARY LODGE · MT · income $1 · assets $3,206,042

    Directly controlled by THE FOUNDATION FOR THE DIOCESE OF HELENA INC

  • FDOH MISSION ADVANCEMENT LLC

    FUNDRAISING · MT · income $19,738,256 · assets $16,247,082

    Directly controlled by THE FOUNDATION FOR THE DIOCESE OF HELENA INC

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202501219349300605

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