Catholic Foundation Of Southwestern Michigan
- Assets
- $10.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 45-2755858
Organization Overview
Catholic Foundation Of Southwestern Michigan is located in Kalamazoo, MI. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Foundation Of Southwestern Michigan 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 06/2022, Catholic Foundation Of Southwestern Michigan generated $5.9m in total revenue. All expenses for the organization totaled $47.0k during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLD FUNDS FOR FURTHERING THE CHARITABLE, EDUCATIONAL, AND SOCIAL SERVICES OF THE CATHOLIC CHURCH OF THE DIOCESE OF KALAMAZOO, MI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELD, MANAGED AND DISTRIBUTED FUNDS FOR FURTHERING THE CHARITABLE, EDUCATIONAL, AND SOCIAL SERVICES OF THE CATHOLIC CHURCH OF THE DIOCESE OF KALAMAZOO, MI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Paul J Bradley President | OfficerTrustee | 0.5 | $0 |
Timothy F Meeker CFO | OfficerTrustee | 0.5 | $0 |
Ian Kennedy Secretary | OfficerTrustee | 0.5 | $0 |
Msgr Michael Osborn Trustee | 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 | $5,831,933 |
| Noncash contributions included in lines 1a–1f | $44,258 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,831,933 |
| Total Program Service Revenue | $0 |
| Investment income | $41,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,891,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,000 |
| Fees for services: Investment Management | $748 |
| Fees for services: Other | $1,296 |
| Advertising and promotion | $0 |
| Office expenses | $23,946 |
| 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 | $46,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,127,797 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,204,508 |
| Investments—publicly traded securities | $3,744,310 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,076,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $3,483,555 |
| Total liabilities | $3,483,555 |
| Net assets without donor restrictions | $6,593,060 |
| 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 | $10,076,615 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Foundation Of Southwestern Michigan has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legatus Inc Ann Arbor, MI | $6,863,625 | $5,856,045 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Cise Cincinnati, OH | $26,854,331 | $7,324,023 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
Holy Love Ministries North Ridgeville, OH | $21,288,130 | $2,402,696 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
Society Of St Vincent De Paul Racine County Council Inc Racine, WI | $1,705,699 | $2,276,481 |
Christ Medicus Foundation Troy, MI | $272,713 | $1,485,980 |