Catholic Foundation For The Archdiocese Of Dubuque
- Assets
- $146.8m
- Revenue
- $10.1m
- Investments
- $23.3m
- Employees
- 2
- Location
- Cedar Rapids, IA
- Founding
- 09/2012
- Data as of
- 06/2023
- EIN
- 45-1740219
Organization Overview
Catholic Foundation For The Archdiocese Of Dubuque, operating under the name The Catholic Foundation in the Archdiocese of Dubuque, is located in Cedar Rapids, IA. The organization was established in 2012. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Catholic Foundation in the Archdiocese of Dubuque employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Foundation in the Archdiocese of Dubuque 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, Catholic Foundation in the Archdiocese of Dubuque generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catholic Foundation in the Archdiocese of Dubuque has awarded 309 individual grants totaling $14,060,950. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLY CHARITABLE RESOURCES FOR MAXIMUM BENEFIT TO OUR CATHOLIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CATHOLIC FOUNDATION IN THE ARCHDIOCESE OF DUBUQUE (CFAD) ASSISTS DONORS WHO WISH TO MAKE A MEANINGFUL AND LASTING IMPACT FOR CATHOLIC ORGANIZATIONS AND THOSE SERVED BY THOSE ORGANIZATIONS THROUGH THE SPIRITUAL AND CORPORAL WORKS OF MERCY. CFAD SERVES THOSE IN THE 30 COUNTIES IN NORTHEAST IOWA THAT MAKE UP THE ARCHDIOCESE OF DUBUQUE IN THREE WAYS: CHARITABLE PLANNING, INVESTING, AND GRANTMAKING SERVICES.CFAD IS SEPARATE FROM, YET COLLABORATIVE WITH, THE ARCHDIOCESE CHANCERY AND HOLDS ENDOWMENTS FOR MANY OF THE CATHOLIC PARISHES, SCHOOLS, CEMETERIES, SOCIAL SERVICES AND OTHER CATHOLIC ORGANIZATIONS. STATEMENT CONTINUED ON SCHEDULE O...WE WORK WITH DONORS WHO WANT THEIR CATHOLIC VALUES PERPETUATED IN A LEGACY GIFT AND HELP THEM STRUCTURE THAT IN THE BEST WAY FOR THEM, THEIR FAMILY AND THE ORGANIZATION(S) THEY WANT TO BENEFIT. CFAD WORKS WITH CATHOLIC ORGANIZATIONS, THEIR DONORS AND DONORS' ADVISORS THROUGH ITS LEGACY PLANNING SERVICES. IN FY2023, SIX NEW ORGANIZATIONS BEGAN THE LEGACY PLANNING TOOLKIT PROGRAM THROUGH CFAD. MORE THAN 1,700 INDIVIDUALS SOUGHT INFORMATION THROUGH CFAD'S SERVICES REGARDING CHARITABLE GIVING.CFAD INVESTS LEGACY GIFTS, DONOR ADVISED FUNDS AND ORGANIZATION TRUST ACCOUNTS IN CATHOLIC RESPONSIBLE CHOICES. IN FY2023, 45 NEW ENDOWMENT FUNDS AND SIX NEW AGENCY TRUST ACCOUNTS WERE ADDED. ADDITIONALLY, ONE FUTURE PLANNED FUND WAS ESTABLISHED.THROUGH DONOR AGREEMENTS, CFAD GRANTS LEGACY GIFTS AS DONORS INTEND. IN FY2023, $3,870,296 IN GRANTS WERE GIVEN FROM 195 FUNDS TO 141 ORGANIZATIONS. THE AMOUNT OF GRANTS TO OTHERS IN PART IX, LINE 1 REPRESENTS DISTRIBUTIONS TAKEN. SOME ORGANIZATIONS CHOOSE TO NOT TAKE A DISTRIBUTION BUT RATHER REINVEST. THESE ORGANIZATIONS ARE NOT REFLECTED IN THE GRANT TOTAL.CFAD'S VISION IS TO ENDOW FINANCIAL SUPPORT FOR OUR CATHOLIC COMMUNITY; IN OTHER WORDS, CFAD AIMS TO SUSTAIN OUR CATHOLIC ORGANIZATIONS SO THAT THEY CAN ALWAYS CARRY OUT THEIR MISSIONS TO MEET BOTH SPIRITUAL AND BASIC HUMAN NEEDS IN A MANNER THAT REFLECTS CATHOLIC VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Mcconnell Chair | OfficerTrustee | 0.5 | $0 |
Kim Berns Vice Chair | OfficerTrustee | 0.5 | $0 |
Kathy Mersch Treasurer | OfficerTrustee | 0.5 | $0 |
Sarah Smith Secretary | OfficerTrustee | 0.5 | $0 |
John Fink Director | Trustee | 0.5 | $0 |
Maureen Gronstal Director | Trustee | 0.5 | $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 | $5,401,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,401,987 |
| Total Program Service Revenue | $817,121 |
| Investment income | $2,781,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,109,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,110,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,420,101 |
| 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. | $135,769 |
| Compensation of current officers, directors, key employees. | $62,454 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,224 |
| Pension plan accruals and contributions | $2,942 |
| Other employee benefits | $4,575 |
| Payroll taxes | $12,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $134,286 |
| Fees for services: Other | $123,739 |
| Advertising and promotion | $27,858 |
| Office expenses | $20,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $6,464 |
| 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 | $199 |
| Insurance | $3,321 |
| All other expenses | $620,986 |
| Total functional expenses | $3,590,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,784 |
| Pledges and grants receivable | $3,277,920 |
| Accounts receivable, net | $314 |
| 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 | $6,023 |
| Net Land, buildings, and equipment | $679 |
| Investments—publicly traded securities | $120,045,841 |
| Investments—other securities | $23,319,549 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,802,110 |
| Accounts payable and accrued expenses | $113,795 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,098,849 |
| 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 | $33,212,644 |
| Net assets without donor restrictions | $113,589,466 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $146,802,110 |
Grants Awarded
Over the last fiscal year, Catholic Foundation For The Archdiocese Of Dubuque has awarded $2,309,101 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
THE ARCHDIOCESE OF DUBUQUE PURPOSE: Operational costs and Masses | $571,122 |
HOLY FAMILY CHURCH NEW HAMPTON PURPOSE: Education related expenses of Holy Family Parish | $105,000 |
ST THOMAS AQUINAS CHURCH AMES PURPOSE: Operational, student support, and Works of Mercy | $98,617 |
CATHOLIC CHARITIES PURPOSE: Mission support | $330,808 |
THE ARCHDIOCESE OF DUBUQUE EDUCATION PURPOSE: Scholarships and tuition for students in the Archdiocese of Dubuque | $81,818 |
MT CALVARY CEMETERY ASSOCIATION DUBUQUE PURPOSE: Perpetual care, maintenance and repair of Mt. Calvary Cemetery | $78,215 |