Cathedral Heritage Foundation
- Assets
- $1.9m
- Revenue
- $351.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-0275248
Organization Overview
Cathedral Heritage Foundation is located in Eden Prairie, MN. The organization was established in 2009. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Heritage Foundation 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 06/2023, Cathedral Heritage Foundation generated $351.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $218.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF THE CATHEDRAL HERITAGE FOUNDATION IS TO ENGAGE IN ACTIVITIES, INCLUDING FUND-RAISING AND GRANT-MAKING ACTIVITIES TO PRESERVE, RESTORE, MAINTAIN AND ENHANCE THE CATHEDRAL OF SAINT PAUL AS A LANDMARK ON THE NATIONAL REGISTER OF HISTORIC PLACES, AND AS A CENTER FOR EDUCATIONAL, CULTURAL, AND ARTISTIC ACTIVITIES FOR THE PEOPLE OF MINNESOTA AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2023, THE FOUNDATION MADE 5 MAJOR GRANTS DIRECTLY TO THE CATHEDRAL OF SAINT PAUL FOR GENERAL RESTORATION, FACILITY ASSESSMENT, AND THE TRANSFER OF THE SISTINE CHAPEL BOOK. THE FOUNDATION ALSO ENGAGED IN COMMUNITY-BASED PROGRAMS INTENDED TO MAKE THE CASE FOR CATHEDRAL PRESERVATION THROUGH WEBSITE UPDATES, MONTHLY NEWSLETTERS CONTAINING INFORMATION ABOUT THE HISTORY, PRESERVATION, AND SUPPORT PROVIDED BY THE FOUNDATION. THE FOUNDATION ALSO COMPLETED A PRODUCTION OF A MULTI-LANGUAGE VIRTUAL TOUR OF THE CATHEDRAL TO BE INTRODUCED TO THE PUBLIC IN EARLY 2024 FINALLY, THE FOUNDATION COMPLETED PLANNING FOR TWO PUBLIC EVENTS FOR COMPLETION IN FISCAL YEAR 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Schaffner Board Chair | OfficerTrustee | 3 | $0 |
Brian Harens Treasurer | OfficerTrustee | 2 | $0 |
Barbara H Dries Secretary | OfficerTrustee | 1 | $0 |
Scott Billeadeau Board Member | Trustee | 2 | $0 |
Dr John Dowdle Board Member | Trustee | 1 | $0 |
Dr David Dries Board Member | Trustee | 1 | $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 | $347,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,655 |
| Total Program Service Revenue | $0 |
| Investment income | $3,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,322 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,900 |
| Fees for services: Legal | $6,627 |
| Fees for services: Accounting | $8,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,614 |
| Advertising and promotion | $24,390 |
| Office expenses | $458 |
| Information technology | $6,841 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,438 |
| Insurance | $1,464 |
| All other expenses | $0 |
| Total functional expenses | $218,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,208 |
| Savings and temporary cash investments | $677,034 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $874,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,854,757 |
| Accounts payable and accrued expenses | $3,847 |
| 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 | $0 |
| Total liabilities | $3,847 |
| Net assets without donor restrictions | $1,654,265 |
| Net assets with donor restrictions | $196,645 |
| 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 | $1,854,757 |
Grants Awarded
Over the last fiscal year, Cathedral Heritage Foundation has awarded $210,876 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CATHEDRAL OF SAINT PAUL PURPOSE: SEE PART IV | $192,876 |
CAMBRIDGE IN AMERICA PURPOSE: SEE PART IV | $12,000 |
ST PAUL CHAMBER ORCHESTRA SOCIETY PURPOSE: SEE PART IV | $6,000 |