Catholic Community Foundation Ofmid Michigan
- Assets
- $38.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Saginaw, MI
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 20-4595721
Organization Overview
Catholic Community Foundation Ofmid Michigan is located in Saginaw, MI. The organization was established in 2006. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Catholic Community Foundation Ofmid Michigan employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Community Foundation Ofmid Michigan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Catholic Community Foundation Ofmid Michigan generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Catholic Community Foundation Ofmid Michigan has awarded 205 individual grants totaling $8,920,220. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER FUNDS AND TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF THE ROMAN CATHOLIC DIOCESE OF SAGINAW, MICHIGAN AND THE PEOPLE IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FINANCIALLY ASSIST THE CATHOLIC SCHOOLS IN THE DIOCESE OF SAGINAW.
TO FINANCIALLY ASSIST THOSE IN NEED.
TO FINANCIALLY ASSIST CHARITABLE ORGANIZATIONS IN THE DIOCESE OF SAGINAW.
TO FINANCIALLY ASSIST THE CATHOLIC PARISHES IN THE DIOCESE OF SAGINAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Smith Executive Di | Officer | 40 | $115,776 |
Maureen Becker President | OfficerTrustee | 1 | $0 |
Ruth Buko Trustee | Trustee | 1 | $0 |
Dennis Day Trustee | Trustee | 1 | $0 |
Joseph Day Secretary | OfficerTrustee | 1 | $0 |
Bishop Robert Gruss Ex-Officio T | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,835,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,818 |
| Total Program Service Revenue | $0 |
| Investment income | $878,556 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $776,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,491,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,405,777 |
| Grants and other assistance to domestic individuals. | $93,813 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,776 |
| Compensation of current officers, directors, key employees. | $38,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,838 |
| Pension plan accruals and contributions | $14,506 |
| Other employee benefits | $17,715 |
| Payroll taxes | $12,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,496 |
| Office expenses | $13,094 |
| Information technology | $34,472 |
| Royalties | $0 |
| Occupancy | $19,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,239 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,317 |
| All other expenses | $1,175 |
| Total functional expenses | $1,897,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,187 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,792,564 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,508,340 |
| Accounts payable and accrued expenses | $61,801 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,594 |
| Total liabilities | $85,395 |
| Net assets without donor restrictions | $527,202 |
| Net assets with donor restrictions | $37,895,743 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,508,340 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation Ofmid Michigan has awarded $1,312,369 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN AREA CATHOLIC SCHOOL PURPOSE: SCHOOL OPERATION | $34,330 |
NOUVEL CATHOLIC CENTRAL ELEMTARY PURPOSE: SCHOOL OPERATION | $70,659 |
NOUVEL CATHOLIC CENTRAL HIGH SCHOOL PURPOSE: SCHOOL OPERATION | $45,104 |
OUR LADY OF LAKE HURON SCHOOL PURPOSE: SCHOOL OPERATION | $27,705 |
SAGINAW AREA CATHOLIC SCHOOLS PURPOSE: SCHOOL OPERATION | $15,000 |
ST BRIGID SCHOOL PURPOSE: SCHOOL OPERATION | $13,656 |