The Diocese Of Crookston Catholic Community Foundation
- Assets
- $17.6m
- Revenue
- $264.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Crookston, MN
- Founding
- 01/1995
- Data as of
- 06/2018
- EIN
- 41-1766138
Organization Overview
The Diocese Of Crookston Catholic Community Foundation is located in Crookston, MN. The organization was established in 1995. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diocese Of Crookston Catholic Community 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 06/2018, Diocese Of Crookston Catholic Community Foundation generated $264.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $296.1k during the year ending 06/2018. While expenses have increased by 23.5% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CATHOLIC RELIGIOUS ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED TO RECEIVE & MANAGE DONATIONS OF REAL & PERSONAL PROPERTY. IT IS OPERATED FOR RELIGIOUS, CHARITABLE & EDUCATIONAL PURPOSES TO ADVANCE THE MINISTRIES OF THE CATHOLIC COMMUNITY WITHIN THE DIOCESE OF CROOKSTON.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Msgr Michael Foltz Vice President | OfficerTrustee | 1 | $0 |
Bonnie Sullivan Secretary | OfficerTrustee | 1 | $0 |
Bishop Michael Hoeppner President | OfficerTrustee | 1 | $0 |
Joseph Noel Executive Director | Officer | 20 | $0 |
Chad Ryan Finance Officer | Officer | 5 | $0 |
Jeff Reese Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,351 |
| Investment income | $220,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,676 |
| 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. | $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 | $60,000 |
| 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 | $18,896 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $296,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $289,633 |
| 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 | $2,063,474 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $14,988,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,422 |
| Total assets | $17,624,513 |
| Accounts payable and accrued expenses | $8,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,437,523 |
| 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 | $263,644 |
| Total liabilities | $7,709,167 |
| Net assets without donor restrictions | -$115,652 |
| Net assets with donor restrictions | $1,508,473 |
| Capital stock or trust principal, or current funds | $8,522,525 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $9,915,346 |
Grants Awarded
Over the last fiscal year, The Diocese Of Crookston Catholic Community Foundation has awarded $121,909 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Crookston, MN PURPOSE: Operating Expenses | $18,883 |
Moorhead, MN PURPOSE: Catholic Education | $17,187 |
E Grand Forks, MN PURPOSE: Catholic Education | $14,859 |
SACRED HEART CHURCH PURPOSE: Scholarships, Catholic Education | $13,271 |
Moorhead, MN PURPOSE: Catholic Education | $12,500 |
Crookston, MN PURPOSE: Catholic Education | $9,634 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Diocese Of Crookston Catholic Community Foundation has recieved totaling $57,712.
| Awarding Organization | Amount |
|---|---|
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: CAMPAIGN GIFT, CAPITAL IMPROVEMENT, GENERAL OPERATING, RETIRED RELIGIOUS | $34,530 |
North Country Food Bank Inc East Grand Forks, MN PURPOSE: TO PROVIDE FOOD DISTRIBUTION AT REDUCED COST TO QUALIFIED NON PROFIT PROGRAMS | $13,182 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $10,000 |
Endowment Analysis
| Beg. Balance | $9,513,003 |
| Earnings | $551,538 |
| Net Contributions | $43,351 |
| Other Expense | $186,827 |
| Ending Balance | $9,921,065 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agate Housing And Services Inc Minneapolis, MN | $17,135,849 | $18,145,205 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Temple Israel Foundation Minneapolis, MN | $14,124,521 | $641,745 |
Minnesota Catholic Conference Saint Paul, MN | $392,885 | $767,491 |
St Pauls United Methodist Church Of Cedar Rapids Foundation Cedar Rapids, IA | $7,255,081 | $1,159,292 |
Brahmananda Saraswati Jyotish Foundation Fairfield, IA | $78,051 | $657,695 |
Ong First Friends Church Trust 1695800 Milwaukee, WI | $5,413,078 | $1,006,602 |