Allegany Franciscan Ministries Inc
- Assets
- $111.7m
- Revenue
- $7.7m
- Investments
- $44.7m
- Employees
- 0
- Location
- Palm Harbor, FL
- Founding
- 04/1986
- Data as of
- 06/2022
- 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 06/2022, Allegany Franciscan Ministries Inc generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $9.7m during the year ending 06/2022. While expenses have increased by 2.1% per year over the past 7 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 1,081 individual grants totaling $53,112,119. 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
2022
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 $114 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 2021-2022 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 |
Upendo Shabazz Regional Vice President | 40 | $0 | |
Daniel Gibson Regional Vice President | 40 | $0 | |
Mary Ann Dillon Rsm Director; Trinity Evp Mission | Trustee | 1 | $0 |
Katrina Wright Dir; V Chr Thr 12/21; Chair At 1/22 | OfficerTrustee | 1 | $0 |
Emery Ivery Director; Chair Through 12/21 | OfficerTrustee | 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 | $4,389,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,281,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,670,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,927,737 |
| 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. | $285,243 |
| Compensation of current officers, directors, key employees. | $142,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $635,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,374 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $418,660 |
| Fees for services: Other | $39,385 |
| Advertising and promotion | $70 |
| Office expenses | $18,194 |
| Information technology | $34,562 |
| Royalties | $0 |
| Occupancy | $70,996 |
| Travel | $12,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,326 |
| Insurance | $4,990 |
| All other expenses | $120 |
| Total functional expenses | $9,690,186 |
| 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 | $8,194 |
| Net Land, buildings, and equipment | $37,187 |
| Investments—publicly traded securities | $66,976,033 |
| Investments—other securities | $44,650,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,915 |
| Total assets | $111,678,318 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,220,257 |
| 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 | $136,593 |
| Total liabilities | $3,356,850 |
| Net assets without donor restrictions | $108,341,468 |
| 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 | $111,678,318 |
Grants Awarded
Over the last fiscal year, Allegany Franciscan Ministries Inc has awarded $7,614,470 in support to 121 organizations.
| Grant Recipient | Amount |
|---|---|
GUATEMALAN MAYA CENTER PURPOSE: EXPANSION OF OUTREACH | $10,000 |
JAVAMO ART FOR AUTISM DBA AUTISM SHIFTS PURPOSE: THE GREEN ZONE LIFES FUNDRAISING PROGRAM | $10,000 |
MUJERES UNIDAS EN JUSTICIA EDUCACION Y REFORMA INC PURPOSE: ONE STOP DOMESTIC VIOLENCE AND SEXUAL ASSAULT PROGRAM | $10,000 |
A CHANCE FOR THERAPY INC PURPOSE: WEBSITE REDESIGN AND LAUNCH FOR CHILDREN'S THERAPY PROGRAM | $10,000 |
ADOM HEALTH FOUNDATION INC DBA SSJ HEALTH FOUNDATION PURPOSE: CONSULTATION AND REBRANDING | $10,000 |
AIRE VENTURES INC PURPOSE: OVERTOWN CONNECT: ENTREPRENEURSHIP-LED ECONOMIC SUPPORT | $695,000 |