Allegany Franciscan Ministries Inc
- Assets
- $132.1m
- Revenue
- $12.6m
- Investments
- $46.2m
- Employees
- 0
- Location
- Palm Harbor, FL
- Founding
- 04/1986
- Data as of
- 06/2021
- EIN
- 58-1492325
Organization Overview
Allegany Franciscan Ministries Inc is located in Palm Harbor, FL. The organization was established in 1986. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Allegany Franciscan Ministries Inc 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, Allegany Franciscan Ministries Inc generated $12.6m in total revenue. All expenses for the organization totaled $9.2m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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, Allegany Franciscan Ministries Inc has awarded 1,095 individual grants totaling $50,804,629. 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 ADVANCE, PROMOTE, AND SUPPORT THE HEALTH CARE MINISTRIES AND CATHOLIC HEALTH CARE MISSION OF THE FRANCISCAN SISTERS OF ALLEGANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLEGANY FRANCISCAN MINISTRIES IS A NON-PROFIT CATHOLIC ORGANIZATION ROOTED IN THE TRADITION AND VISION OF THE FRANCISCAN SISTERS OF ALLEGANY. WE PROVIDE GRANTS AND WORK WITH COMMUNITY PARTNERS IN THREE REGIONS OF FLORIDA FORMERLY SERVED BY THE SISTERS' HOSPITALS: MIAMI-DADE COUNTY, PALM BEACH, MARTIN AND ST.LUCIE COUNTIES, AND THE TAMPA BAY AREA OF HILLSBOROUGH AND PINELLAS COUNTIES. SINCE AWARDING ITS FIRST GRANT IN 1998, ALLEGANY FRANCISCAN MINISTRIES HAS INVESTED OVER $100 MILLION WITH ALMOST 1,700 ORGANIZATIONS SERVING THOSE MOST IN NEED IN THESE COMMUNITIES. ALLEGANY FRANCISCAN MINISTRIES INVESTS DIRECTLY IN COMMUNITIES AND WORKS COLLABORATIVELY WITH COMMUNITY PARTNERS TO CREATE HEALTHIER, SAFER, AND MORE PROSPEROUS PLACES IN WHICH OUR MOST VULNERABLE RESIDENTS CAN LIVE, LEARN, WORK AND PLAY.PLEASE SEE SCHEDULE I AND VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION AND TO LEARN ABOUT MAJOR GRANTS AWARDED IN 2020-2021 BY REGION: HTTP://WWW.AFMFL.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Coogan Director;treasurer; President & CEO | OfficerTrustee | 50 | $0 |
Emery Ivery Director; Chair | OfficerTrustee | 1 | $0 |
Arlease Hall Director; Vice Chair Through 12/20 | OfficerTrustee | 1 | $0 |
Laura Plotner Director; Secretary As Of 1/21 | OfficerTrustee | 1 | $0 |
Katrina Wright Dir; Secy Thr 12/20; V. Chr At 1/21 | OfficerTrustee | 1 | $0 |
Mary Ann Dillon Rsm Director; Trinity Evp Mission | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,243,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,366,883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,610,220 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,309,134 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $105,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $247,887 |
| Compensation of current officers, directors, key employees. | $123,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $652,666 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,358 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $454,222 |
| Fees for services: Other | $18,645 |
| Advertising and promotion | $0 |
| Office expenses | $16,893 |
| Information technology | $36,679 |
| Royalties | $0 |
| Occupancy | $82,426 |
| Travel | $17,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,997 |
| Insurance | $10,409 |
| All other expenses | $531 |
| Total functional expenses | $9,157,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| 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 | $13,779 |
| Net Land, buildings, and equipment | $35,376 |
| Investments—publicly traded securities | $85,799,030 |
| Investments—other securities | $46,199,477 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,915 |
| Total assets | $132,053,877 |
| Accounts payable and accrued expenses | $2,200 |
| Grants payable | $3,316,710 |
| 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 | $81,519 |
| Total liabilities | $3,400,429 |
| Net assets without donor restrictions | $128,673,448 |
| Net assets with donor restrictions | -$20,000 |
| 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 | $132,053,877 |
Grants Awarded
Over the last fiscal year, Allegany Franciscan Ministries Inc has awarded $6,835,084 in support to 137 organizations.
| Grant Recipient | Amount |
|---|---|
St Bonas, NY PURPOSE: GENERAL FUND | $1,000,000 |
Livonia, MI PURPOSE: GENERAL FUND | $1,000,000 |
ENTERPRISING LATINAS INC PURPOSE: GENERAL FUND | $600,000 |
Stuart, FL PURPOSE: LEGACY FUND | $400,000 |
LINCOLN PARK YOUNG PROFESSIONALS PURPOSE: R.O.O.T (RECOGNIZING OURSELVES AND OTHERS TOGETHER) | $358,000 |
Miami, FL PURPOSE: UNITING COMMUNITY VOICES | $306,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allegany Franciscan Ministries Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Trinity Health Corporation Livonia, MI PURPOSE: COMMUNITY WELFARE - CALL TO CARE GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Phil Waldrep Evangelistic Association Decatur, AL | $5,783,944 | $9,174,147 |