Catholic Community Foundation Of Minnesota
- Assets
- $510.0m
- Revenue
- $72.1m
- Investments
- $120.0m
- Employees
- 20
- Location
- St Paul, MN
- Founding
- 04/1994
- Data as of
- 06/2021
- 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 06/2022, Catholic Community Foundation Of Minnesota employed 20 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 06/2021, Catholic Community Foundation Of Minnesota generated $72.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $21.8m during the year ending 06/2021. While expenses have increased by 9.4% 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 2015, Catholic Community Foundation Of Minnesota has awarded 2,629 individual grants totaling $109,341,725. 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
2021
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, ALMOST 1,100 CATHOLIC PARISHES, SCHOOLS AND OTHER ORGANIZATIONS BENEFITED FROM NEARLY 3,700 GRANTS FROM THE FOUNDATION, TOTALING $18.6M.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Cullen Miller President | Officer | 40 | $306,936 |
Christopher Nelson VP Of Development & Donor | Officer | 40 | $183,008 |
Casey J Scott VP Of Finance And Administration | Officer | 40 | $173,121 |
Mike Ricci Director - Professional Outreach | 40 | $149,492 | |
Meg Payne Nelson VP Of Impact | Officer | 40 | $127,534 |
Thomas Mccarr Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Institutional Trust & Custody Custodial Fees | 6/29/22 | $242,062 |
Artisan Partners Investment Manager | 6/29/22 | $262,935 |
Rothschild Asset Management Investment Manager | 6/29/22 | $171,946 |
Lcg Associates Investment Advisor | 6/29/22 | $186,370 |
Nuveen Asset Management Llc Investment Manager | 6/29/22 | $152,402 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,273,096 |
| Investment income | $4,621,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,904,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,097,381 |
| Statement of Expenses | |
|---|---|
| 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. | $875,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $980,546 |
| Pension plan accruals and contributions | $67,491 |
| Other employee benefits | $99,266 |
| Payroll taxes | $106,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,660 |
| Fees for services: Accounting | $48,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,703,161 |
| Fees for services: Other | $56,384 |
| Advertising and promotion | $165,132 |
| Office expenses | $70,834 |
| Information technology | $113,571 |
| Royalties | $0 |
| Occupancy | $119,982 |
| Travel | $1,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,580 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,175 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,812,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,317,127 |
| Savings and temporary cash investments | $13,046,954 |
| Pledges and grants receivable | $6,775,507 |
| 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 | $276,955 |
| Investments—publicly traded securities | $363,974,103 |
| Investments—other securities | $119,963,736 |
| Investments—program-related | $960,299 |
| Intangible assets | $0 |
| Other assets | $3,613,816 |
| Total assets | $510,001,439 |
| Accounts payable and accrued expenses | $1,255,637 |
| Grants payable | $637,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $196,212,402 |
| 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 | $71,597,332 |
| Total liabilities | $269,702,371 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $240,299,068 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation Of Minnesota has awarded $17,530,618 in support to 380 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: SOCIAL JUSTICE ADVOCACY AND ENGAGEMENT TEAM/CRJC COORDINATOR, FOOD/CLOTHING, GENERAL OPERATING, MATCHING GIFT, PROGRAM SUPPORT | $585,843 |
Baltimore, MD PURPOSE: COVID RESPONSE, DISASTER RELIEF, GENERAL OPERATING, PROGRAM SUPPORT | $571,011 |
CHURCH OF THE HOLY CROSS PURPOSE: GENERAL OPERATING | $559,400 |
Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $500,000 |
Saint Paul, MN PURPOSE: CAPITAL IMPROVEMENT, EDUCATION PROGRAMS, PROGRAM SUPPORT | $466,392 |
VISITATION MONASTERY PURPOSE: CAPITAL IMPROVEMENT | $451,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Community Foundation Of Minnesota has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Mcgough Foundation St Paul, MN PURPOSE: GENERAL | $125,000 |
Endowment Analysis
| Beg. Balance | $172,939,195 |
| Earnings | -$17,995,575 |
| Net Contributions | $10,774,878 |
| Grants | $4,551,505 |
| Ending Balance | $161,166,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
Catholic Community Foundation Of Minnesota St Paul, MN | $510,001,439 | $72,097,381 |
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
3m Open Fund Blaine, MN | $2,792,523 | $13,492,516 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND | $123,601,833 | $30,025,035 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Dubuque Dubuque, IA | $145,486,240 | $37,640,315 |