Form 990 for tax year 2022
Filed by CATHOLIC UNITED FINANCIAL FOUNDATION.
Totals
- Total revenue
- $9,669,959
- Total expenses
- $3,744,620
- Contributions and grants received
- $8,956,849
- Grants paid
- $3,270,662
- Program service revenue
- $0
- Investment income
- $684,703
- Other revenue
- $28,407
- Total assets, end of year
- $42,361,226
- Total liabilities, end of year
- $172,845
- Net assets or fund balances, end of year
- $42,188,381
- Program services expenses (Part IX)
- $3,686,033
- Management and general expenses
- $51,710
- Fundraising expenses
- $6,877
- Program service expenses (Part III)
- $3,686,033
Program services were 98.4% 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
$38,564
-
1f · All other contributions, gifts and grants
$8,918,285
-
1g · Noncash contributions included above
$264,658
-
3 · Investment income
total $534,576 · excluded $534,576
-
7a · Gross sales of assets other than inventory
securities $150,127
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $150,127
-
7d · Net gain or loss
total $150,127 · excluded $150,127
-
8a · Fundraising events: gross income
$50,356
-
8a · Fundraising events: contributions included on line 1c
$38,564
-
8b · Fundraising events: direct expenses
$21,949
-
8c · Net income from fundraising events
total $28,407 · excluded $28,407
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,201,762 · program services $3,201,762
-
2 · Grants to domestic individuals
total $68,900 · program services $68,900
-
11c · Fees: accounting
total $15,800 · program services $11,400 · management and general $3,160 · fundraising $1,240
-
11g · Fees: other
total $550 · program services $397 · management and general $110 · fundraising $43
-
12 · Advertising and promotion
total $19,861 · program services $14,330 · management and general $3,972 · fundraising $1,559
-
13 · Office expenses
total $1,814 · program services $1,332 · management and general $346 · fundraising $136
-
17 · Travel
total $4,654 · program services $3,358 · management and general $931 · fundraising $365
-
19 · Conferences, conventions and meetings
total $951 · program services $686 · management and general $190 · fundraising $75
-
24a · Other expenses: PREMIUMS PAID ON LIFE I
total $227,757 · program services $227,757
-
24b · Other expenses: ADMINISTRATIVE OVERHEAD
total $191,454 · program services $148,341 · management and general $41,121 · fundraising $1,992
-
24c · Other expenses: EQUIPMENT RENTAL & MAIN
total $6,259 · program services $4,514 · management and general $1,253 · fundraising $492
-
24d · Other expenses: MISCELLANEOUS
total $3,145 · program services $2,271 · management and general $627 · fundraising $247
-
24e · All other expenses
total $1,713 · program services $985 · fundraising $728
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $370,392 · end of year $4,803,732
-
2 · Savings and temporary cash investments
beginning of year $67,663 · end of year $122,828
-
3 · Pledges and grants receivable
beginning of year $369,000 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $7,597,869 · end of year $7,571,521
-
15 · Other assets
beginning of year $29,081,110 · end of year $29,863,145
-
25 · Other liabilities
beginning of year $165,848 · end of year $172,845
-
27 · Net assets without donor restrictions
beginning of year $1,725,891 · end of year $2,289,696
-
28 · Net assets with donor restrictions
beginning of year $35,594,295 · end of year $39,898,685
Mission and programs · 2022
Mission
THE FOUNDATION, INSPIRED BY THE GOSPEL OF JESUS CHRIST, SERVES THE MEMBERS, EMPLOYEES, AND FRIENDS OF CATHOLIC UNITED FINANCIAL, A NOT-FOR-PROFIT FRATERNAL BENEFIT ASSOCIATION, BY:- BEING ACCOUNTABLE TO OUR DONORS AND FAITHFUL TO OUR CHURCH'S MISSION,- SUPPORTING CATHOLIC SCHOOLS AND PARISHES WITH TECHNOLOGY AND CHASTITY EDUCATION GRANTS,- BRINGING A CATHOLIC PRESENCE TO NATURAL DISASTERS THROUGH FINANCIAL SUPPORT,- SUPPLEMENTING THE COST OF EDUCATING AND TRAINING MEN FOR THE PRIESTHOOD.
Activities or mission (Part I)
TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF THE CATHOLIC COMMUNITY WHERE CATHOLIC UNITED FINANCIAL HAS A MAJOR PRESENCE.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $3,686,033 · Grants $3,270,662
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Robert HeuermannROBERT HEUERMANN
EXECUTIVE DIRECTOR
- Total calculated
- $139,077
- From this org
- $0
- From related orgs
- $109,343
- Other
- $29,734
- Hours/week
- 37.5
-
Michael AhlesMICHAEL AHLES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Paul ZastrowPAUL ZASTROW
SR. VP/SEC/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Harald E BorrmannHARALD E BORRMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jean HartJEAN HART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William LucasWILLIAM LUCAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael F McGovernMICHAEL F MCGOVERN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan StenzelSUSAN STENZEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James WenselJAMES WENSEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark ZemanMARK ZEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frances M BartenFRANCES M BARTEN
EX-OFFICIO EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Joseph F KueppersJOSEPH F KUEPPERS
EX-OFFICIO EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Deborah M PaulyDEBORAH M PAULY
EX-OFFICIO EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Fr Thomas ThompsonFR THOMAS THOMPSON
SPIRITUAL ADVISOR
- Total calculated
- $0
- Hours/week
- 1
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
-
ST JOSEPH CATHOLIC CHURCH - CROSBY
$714,076
ORGANIZATIONAL SUPPORT
-
CATHEDRAL OF OUR LADY OF PERPETUAL HELP
$325,000
ORGANIZATIONAL SUPPORT
-
CATHOLIC FOUNDATION OF SOUTHERN MINNESOTA
$224,521
ORGANIZATIONAL SUPPORT
-
CHURCH OF ST HENRY
$131,625
MAINTENANCE
-
SACRED HEART CHURCH - MURDOCK
$130,216
PARISH SUPPORT
-
CATHOLIC UNITED FINANCIAL FOUNDATION
$130,039
ORGANIZATIONAL SUPPORT
-
CHARLES SCHWAB
$120,000
ORGANIZATIONAL SUPPORT
-
ST PHILLIP CHURCH
$102,377
PARISH SUPPORT
-
FORETHOUGHT LIFE INSURANCE COMPANY
$100,000
ORGANIZATIONAL SUPPORT
-
PAX CHRISTI CATHOLIC CHURCH
$100,000
PARISH SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
501(C)(8) & (C)(10) · INSURANCE · MN
Directly controlled by CATHOLIC UNITED FINANCIAL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343069349301549
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