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 3 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $296.1k during the year ending 06/2018. While expenses have increased by 32.6% per year over the past 3 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Michael Hoeppner President | OfficerTrustee | 1 | $0 |
Msgr Michael Foltz Vice President | OfficerTrustee | 1 | $0 |
Bonnie Sullivan Secretary | OfficerTrustee | 1 | $0 |
Jeff Reese Director | Trustee | 1 | $0 |
Sister Myra Schmieg Director | Trustee | 1 | $0 |
Father Larry Delaney Director | 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 | $43,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,351 |
| Total Program Service Revenue | $0 |
| 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 organizations and domestic governments. | $186,827 |
| 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 | $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 | $27,473 |
| 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 |
| Net Land, buildings, and equipment | $8,325 |
| 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 |
| Unrestricted restricted net Assets | -$115,652 |
| Temporarily restricted net Assets | $1,508,473 |
| Permanently restricted net Assets or current funds | $8,522,525 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or 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 |
|---|---|
CATHEDRAL OF THE IMMACULATE CONCEPTION PURPOSE: Catholic Education | $9,634 |
HOLY ROSARY CHURCH PURPOSE: Catholic Education | $5,772 |
SACRED HEART CHURCH PURPOSE: Catholic Education | $14,859 |
SACRED HEART CHURCH PURPOSE: Scholarships, Catholic Education | $13,271 |
DIOCESE OF CROOKSTON PURPOSE: Operating Expenses | $18,883 |
ST BERNARD'S CHURCH PURPOSE: Catholic Education | $8,830 |