Foundation For The Diocese Of Helena Inc
- Assets
- $38.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Helena, MT
- Founding
- 04/2018
- Data as of
- 06/2022
- EIN
- 81-0449307
Organization Overview
Foundation For The Diocese Of Helena Inc is located in Helena, MT. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Foundation For The Diocese Of Helena Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Diocese Of Helena 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, Foundation For The Diocese Of Helena Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SERVE AND STRENGTHEN THE PEOPLE, PARISHES, MINISTRIES AND APOSTOLIC MISSION OF THE ROMAN CATHOLIC DIOCESE OF HELENA (REFERRED TO AS "THE DIOCESE" IN THIS RETURN).
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND DISTRIBUTIONS: DISTRIBUTIONS MADE BY THE FOUNDATION OF ITS DONOR-DIRECTED TEMPORARY AND PERMANENT ENDOWMENT FUNDS TOTALED NEARLY $1.26 MILLION. THE FOUNDATION ALSO MADE GRANTS FROM ITS OWN UNRESTRICTED RESOURCES IN THE AMOUNT OF $85,000 TO HELP PROVIDE FUNDING FOR PARISHES OR PROGRAMS LACKING MONEY FOR SPECIFIC MINISTRIES OR PROJECTS AND TO ASSIST PARISHES WITH UNRESTRICTED RESOURCES DURING THE COVID-19 PANDEMIC. ADDITIONALLY, THE FOUNDATION BOARD DESIGNATED ITS OWN UNRESTRICTED RESOURCES DURING THE FISCAL YEAR AS FOLLOWS: $58,461 TO VARIOUS ENDOWMENT FUNDS WITHIN THE FOUNDATION AND $25,064 TO THE DIOCESE AS AN UNRESTRICTED GRANT.
BUILDING AND MANAGING PERMANENT ENDOWMENTS: THE FOUNDATION SOLICITS AND MANAGES GIFTS TO PERMANENT ENDOWMENTS TO SUPPORT THE PARISHES AND MINISTRIES OF THE DIOCESE OF HELENA. OVER $31.7 MILLION IN ENDOWED FUNDS ARE PROFESSIONALLY MANAGED BY THE FOUNDATION, INVESTED IN ADHERENCE TO THE PRINCIPALS OF SOCIALLY RESPONSIBLE INVESTING AS OUTLINED BY THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS. ENDOWMENT BENEFICIARIES RECEIVE QUARTERLY ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY AND FUND BALANCES.
CHARITABLE PLANNING EXPERTISE: THE FOUNDATION PROVIDES ANNUAL ESTATE PLANNING AND PLANNED GIVING EDUCATION IN EVERY DEANERY ACROSS THE DIOCESE OF HELENA AND UPON REQUEST FOR AN INDIVIDUAL PARISH/SCHOOL/MINISTRY. CHARITABLE GIFT ANNUITY PROGRAM ADMINISTRATION IS PROVIDED BY THE FOUNDATION, ALLOWING DONORS WITH EASY ACCESS TO THE MONTANA ENDOWMENT TAX CREDIT. THE FOUNDATION ESTABLISHES NAMED ENDOWMENT FUNDS FOR DONORS, ALLOWING THEM TO PROVIDE A STEADY STREAM OF INCOME THAT THEIR CHOSEN PARISH/SCHOOL/MINISTRY CAN COUNT ON IN PERPETUITY. DONORS ESTABLISHING NAMED ENDOWMENT FUNDS RECEIVE ANNUAL ENDOWMENT STATEMENTS REFLECTING INVESTMENT ACTIVITY, DISTRIBUTIONS TO THEIR DESIGNATED MINISTRY, AND FUND BALANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Talia CPA President | OfficerTrustee | 1 | $0 |
Rona Davison CPA Vice President | OfficerTrustee | 1 | $0 |
Erica Matelich Secretary | OfficerTrustee | 1 | $0 |
Jim Mcdonald CPA Treasurer | OfficerTrustee | 1 | $0 |
Rod Christiaens Trustee | Trustee | 0.5 | $0 |
Deacon Doug Cordier Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,862 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $847,905 |
| Noncash contributions included in lines 1a–1f | $110,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $884,767 |
| Total Program Service Revenue | $2,000 |
| Investment income | $809,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $340 |
| Net Rental Income | $1 |
| Net Gain/Loss on Asset Sales | $143,332 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,839,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,064 |
| 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. | $106,006 |
| Compensation of current officers, directors, key employees. | $35,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,115 |
| Pension plan accruals and contributions | $1,549 |
| Other employee benefits | $8,891 |
| Payroll taxes | $12,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,810 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $400,096 |
| Fees for services: Other | $21,273 |
| Advertising and promotion | $8,000 |
| Office expenses | $15,426 |
| Information technology | $12,349 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,365 |
| Insurance | $386 |
| All other expenses | $0 |
| Total functional expenses | $1,737,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,628,549 |
| Savings and temporary cash investments | $144,109 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,627 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $500 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,292,319 |
| Investments—publicly traded securities | $26,852,225 |
| Investments—other securities | $0 |
| Investments—program-related | $4,029,138 |
| Intangible assets | $1,020 |
| Other assets | $1,002,850 |
| Total assets | $37,954,337 |
| Accounts payable and accrued expenses | $8,820 |
| Grants payable | $104,735 |
| 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 | $4,014,112 |
| Total liabilities | $4,127,667 |
| Net assets without donor restrictions | $443,528 |
| Net assets with donor restrictions | $33,383,142 |
| 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 | $37,954,337 |
Grants Awarded
Over the last fiscal year, Foundation For The Diocese Of Helena Inc has awarded $20,040 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ROMAN CATHOLIC DIOCESE OF HELENA PURPOSE: FUNDING TO ASSIST CLINICA MAXENA FOR PROVIDING MEDICAL CARE | $5,000 |
ROMAN CATHOLIC DIOCESE OF HELENA PURPOSE: UNRESTRICTED DONATION TO THE MINISTRY | $15,040 |