Catholic Community Foundation Of Minnesota
- Assets
- $666.6m
- Revenue
- $75.5m
- Investments
- $134.7m
- Employees
- 24
- Location
- St Paul, MN
- Founding
- 04/1994
- Data as of
- 06/2024
- EIN
- 41-1744184
Organization Overview
Catholic Community Foundation Of Minnesota is located in St Paul, MN. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Catholic Community Foundation Of Minnesota employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Community Foundation Of Minnesota 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 06/2024, Catholic Community Foundation Of Minnesota generated $75.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $44.5m during the year ending 06/2024. While expenses have increased by 16.1% per year over the past 9 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 2015, Catholic Community Foundation Of Minnesota has awarded 3,494 individual grants totaling $169,666,241. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, OVER 1,160 CATHOLIC PARISHES, SCHOOLS AND OTHER ORGANIZATIONS BENEFITED FROM OVER 4,300 GRANTS FROM THE FOUNDATION, TOTALING NEARLY $38.5M.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Archbishop Bernard Hebda Chair | OfficerTrustee | 1 | $0 |
Kathy Cooney Vice Chair | OfficerTrustee | 2 | $0 |
Monique Maddox Treasurer | OfficerTrustee | 2 | $0 |
Greg Melsen Secretary | OfficerTrustee | 2 | $0 |
Margaret Murphy Director | Trustee | 2 | $0 |
Matt Kuhn JD Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nuveen Asset Management Llc Investment Manager | 6/29/24 | $176,829 |
Us Bank Institutional Trust & Custody Custodial Fees | 6/29/24 | $191,944 |
Lcg Associates Investment Advisor | 6/29/24 | $204,710 |
Artisan Partners Investment Manager | 6/29/24 | $273,103 |
Parametric Invesment Manager | 6/29/24 | $135,254 |
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 | $54,054,703 |
| Noncash contributions included in lines 1a–1f | $12,745,679 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,054,703 |
| Total Program Service Revenue | $1,664,577 |
| Investment income | $11,040,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,697,769 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,457,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,490,958 |
| 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. | $946,252 |
| Compensation of current officers, directors, key employees. | $383,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,608,935 |
| Pension plan accruals and contributions | $118,345 |
| Other employee benefits | $196,592 |
| Payroll taxes | $159,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,098 |
| Fees for services: Accounting | $61,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,909,248 |
| Fees for services: Other | $83,488 |
| Advertising and promotion | $289,532 |
| Office expenses | $93,354 |
| Information technology | $258,203 |
| Royalties | $0 |
| Occupancy | $124,277 |
| Travel | $3,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,739 |
| Insurance | $0 |
| All other expenses | $24,492 |
| Total functional expenses | $44,462,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,570,175 |
| Savings and temporary cash investments | $53,990,991 |
| Pledges and grants receivable | $1,541,241 |
| 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 | $353,135 |
| Net Land, buildings, and equipment | $92,648 |
| Investments—publicly traded securities | $468,540,786 |
| Investments—other securities | $134,651,301 |
| Investments—program-related | $925,497 |
| Intangible assets | $0 |
| Other assets | $3,977,014 |
| Total assets | $666,642,788 |
| Accounts payable and accrued expenses | $1,058,186 |
| Grants payable | $748,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $252,755,207 |
| 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 | $96,851,608 |
| Total liabilities | $351,413,001 |
| Net assets without donor restrictions | $116,422,204 |
| Net assets with donor restrictions | $198,807,583 |
| 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 | $666,642,788 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation Of Minnesota has awarded $37,389,150 in support to 463 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF THE HOLY CROSS PURPOSE: SCHOLARSHIP FUND | $20,000 |
COVENANT HOUSE PURPOSE: GENERAL OPERATING | $11,311 |
BOSTON COLLEGE PURPOSE: ENDOWMENT GIFT, GENERAL OPERATING | $6,300 |
CITY AND COUNTRY SCHOOL PURPOSE: MATCHING GIFT | $50,000 |
LUPUS RESEARCH ALLIANCE PURPOSE: GENERAL OPERATING | $40,000 |
CATHOLIC LEAGUE FOR RELIGIOUS & CIVIL RIGHTS PURPOSE: GENERAL OPERATING | $5,604 |