2023-11-02T14:13:16-05:00 2022-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2022-01-01 411893463 CATHOLIC UNITED FINANCIAL FOUNDATION CATH 6517654135 3499 LEXINGTON AVENUE NORTH ST PAUL MN 55126 ROBERT HEUERMANN EXECUTIVE DIRECTOR 6517654135 2023-10-26 1 ROBERT HEUERMANN 999009999 1 RYAN VETTRUS CPA P01243596 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT HEUERMANN 3499 LEXINGTON AVENUE NORTH ST PAUL MN 55126 9691908 0 X WWW.CATHOLICUNITED.ORG X 1997 MN TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF THE CATHOLIC COMMUNITY WHERE CATHOLIC UNITED FINANCIAL HAS A MAJOR PRESENCE. 10 10 0 178 0 0 5258639 8956849 0 0 741679 684703 20704 28407 6021022 9669959 2761927 3270662 0 0 0 0 0 0 6877 439283 473958 3201210 3744620 2819812 5925339 37486034 42361226 165848 172845 37320186 42188381 X THE FOUNDATION, INSPIRED BY THE GOSPEL OF JESUS CHRIST, SERVES THE MEMBERS, EMPLOYEES, AND FRIENDS OF CATHOLIC UNITED FINANCIAL, A NOT-FOR-PROFIT FRATERNAL BENEFIT ASSOCIATION, BY:- BEING ACCOUNTABLE TO OUR DONORS AND FAITHFUL TO OUR CHURCH'S MISSION,- SUPPORTING CATHOLIC SCHOOLS AND PARISHES WITH TECHNOLOGY AND CHASTITY EDUCATION GRANTS,- BRINGING A CATHOLIC PRESENCE TO NATURAL DISASTERS THROUGH FINANCIAL SUPPORT,- SUPPLEMENTING THE COST OF EDUCATING AND TRAINING MEN FOR THE PRIESTHOOD. 0 0 3686033 3270662 IN 2022, THE FOUNDATION GRANT PROGRAM PROVIDED 138 GRANTS TO CATHOLIC SCHOOLS AND PARISHES FOR TECHNOLOGY AND CHASTITY & ABSTINENCE PROGRAMS AMOUNTING TO $79,353. SINCE 2001, MORE THAN $1.2 MILLION HAS BEEN AWARDED IN THROUGH MORE THAN 2,260 GRANTS TO CATHOLIC SCHOOLS, PARISHES, AND RELIGIOUS EDUCATION PROGRAMS. THE FOUNDATION'S SCHULER SEMINARIAN FUND PROVIDED 171 SEMINARIANS WITH $68,900 IN SCHOLARSHIP SUPPORT TO AID IN THEIR CONTINUING EDUCATION TOWARDS BECOMING A PRIEST. SINCE 1998, MORE THAN $1 MILLION HAS BEEN AWARDED TO SEMINARIANS PURSUING THEIR CALLING TOWARDS ORDINATION. THE FOUNDATION'S CATHOLIC UNITED DISASTER RESPONSE ASSISTS VICTIMS FROM NATURAL DISASTERS. THE DISASTER RESPONSE PROGRAM HAS PROVIDED EDUCATION AND SUPPORT FOR VARIOUS COMMUNITY MEMBERS AND ORGANIZATIONS SO THAT THEY WILL BE ABLE TO ASSIST THEMSELVES AND OTHERS IN NEED FOLLOWING NATURAL DISASTERS. THE DISASTER RELIEF PROGRAM IS TAKING THE PLACE OF THIS RESPONSE ACTIVITIES WHERE WE WILL CONTINUE PROVIDING FINANCIAL SUPPORT TO ALL PEOPLE IN NEED DUE TO NATURAL DISASTERS REGARDLESS OF RACE, CREED AND/OR RELIGION. THE FOUNDATION ALSO PROVIDES CHARITABLE GIFT ANNUITIES, DONOR ADVISED FUNDS, CHARITABLE DEFERRED ANNUITIES, AND CHARITABLE LIFE INSURANCE TO CATHOLIC UNITED FINANCIAL MEMBERS. THE FOUNDATION MATCHES THE MEMBERS' GIVING AND THEIR FINANCES, INTEGRATING GIVING INTO THEIR OVERALL FINANCIAL STRATEGY WHILE ENSURING THEY CAN ACHIEVE THEIR CHARITABLE GOALS THROUGH SOUND, CONSERVATIVE FISCAL MANAGEMENT. THE FOUNDATION ALSO OFFERS ORGANIZATIONAL ADVISED FUNDS TO ASSIST PARISHES AND CEMETERIES WITH THEIR LONG TERM AND ENDOWMENT MANAGEMENT AND INVESTMENT NEEDS. THE PROGRAM GRANTS AND DISTRIBUTIONS FROM THESE EFFORTS PROVIDED ALMOST $3.4 MILLION IN SUPPORT OF CHARITABLE ORGANIZATIONS, CHURCHES AND SCHOOLS ACROSS THE UPPER MIDWEST IN 2022. 3686033 1 1 0 0 0 1 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 16 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X CATHOLIC UNITED FINANCIAL FOUNDATION 6517654135 3499 LEXINGTON AVENUE NORTH ST PAUL MN 55126 ROBERT HEUERMANN EXECUTIVE DIRECTOR 37.50 X 0 109343 29734 MICHAEL AHLES PRESIDENT 1.00 X X 0 0 0 PAUL ZASTROW SR. VP/SEC/TREASURER 1.00 X X 0 0 0 HARALD E BORRMANN BOARD MEMBER 1.00 X 0 0 0 JEAN HART BOARD MEMBER 1.00 X 0 0 0 WILLIAM LUCAS BOARD MEMBER 1.00 X 0 0 0 MICHAEL F MCGOVERN BOARD MEMBER 1.00 X 0 0 0 SUSAN STENZEL BOARD MEMBER 1.00 X 0 0 0 JAMES WENSEL BOARD MEMBER 1.00 X 0 0 0 MARK ZEMAN BOARD MEMBER 1.00 X 0 0 0 FRANCES M BARTEN EX-OFFICIO EMERITUS 1.00 X 0 0 0 JOSEPH F KUEPPERS EX-OFFICIO EMERITUS 1.00 X 0 0 0 DEBORAH M PAULY EX-OFFICIO EMERITUS 1.00 X 0 0 0 FR THOMAS THOMPSON SPIRITUAL ADVISOR 1.00 X 0 0 0 0 109343 29734 0 0 0 0 0 38564 8918285 264658 8956849 534576 534576 150127 0 150127 150127 150127 50356 38564 21949 28407 28407 9669959 0 0 713110 3201762 3201762 68900 68900 15800 11400 3160 1240 550 397 110 43 19861 14330 3972 1559 1814 1332 346 136 4654 3358 931 365 951 686 190 75 PREMIUMS PAID ON LIFE I 227757 227757 ADMINISTRATIVE OVERHEAD 191454 148341 41121 1992 EQUIPMENT RENTAL & MAIN 6259 4514 1253 492 MISCELLANEOUS 3145 2271 627 247 1713 985 728 3744620 3686033 51710 6877 370392 4803732 67663 122828 369000 0 7597869 7571521 29081110 29863145 37486034 42361226 165848 172845 165848 172845 X 1725891 2289696 35594295 39898685 37320186 42188381 37486034 42361226 5925339 -1057144 0 X X 0 1 X 1 0 X 4330968 8147319 4231544 5258639 8956849 30925319 4330968 8147319 4231544 5258639 8956849 30925319 324663 30600656 496850 688747 657829 463509 534576 2841511 33766830 127832 0.90620 0.89560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 602 8690535 3270662 37531237 1 1 3035205 180805 -85737 119283 3010990 2773171 229307 173149 140422 3035205 2426924 260461 124039 38253 2773171 2084145 201841 161567 20629 2426924 2002615 130735 20156 69361 2084145 0.00000 0.70378 0.29623 0 0 0 LIFE INSURANCE CONTRACTS 3840432 IMMEDIATE ANNUITIES 478677 DEFERRED ANNUITIES 25419036 FIXED INDEX ANNUITIES 125000 29863145 GIFT ANNUITIES PAYABLE 172845 172845 X 8626964 -1057144 -1057144 9684108 -14149 -14149 9669959 3758769 14149 14149 3744620 0 3744620 PART V, LINE 4: THE INTENDED USE OF THE FOUNDATION'S ENDOWMENT FUNDS IS TO ENSURE FINANCIAL STABILITY BY PROVIDING A STEADY STREAM OF INVESTMENT INCOME WHICH IS AVAILABLE FOR RESTRICTED AND UNRESTRICTED PURPOSES. PART X, LINE 2: ASC 740 DISCLOSURE THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE FOUNDATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE FOUNDATION HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE FOUNDATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES GOLF TOURNAMENT 88920 38564 50356 7800 10687 3462 88920 38564 50356 7800 10687 3462 21949 28407 1 ST JOSEPH CATHOLIC CHURCH - CROSBY 617 CROSBY ST CROSBY MN 56441 501(C)(3) 714076 0 ORGANIZATIONAL SUPPORT CATHEDRAL OF OUR LADY OF PERPETUAL HELP 501(C)(3) 325000 0 ORGANIZATIONAL SUPPORT CATHOLIC FOUNDATION OF SOUTHERN MINNESOTA 750 TERRACE HEIGHTS WINONA MN 55987 501(C)(3) 224521 0 ORGANIZATIONAL SUPPORT CHURCH OF ST HENRY 1001 E 7TH ST MONTICELLO MN 55362 501(C)(3) 131625 0 MAINTENANCE CATHOLIC UNITED FINANCIAL FOUNDATION 3499 LEXINGTON AVE N ST PAUL MN 55126 501(C)(3) 130039 0 ORGANIZATIONAL SUPPORT SACRED HEART CHURCH - MURDOCK 201 ORLEANS ST S MURDOCK MN 56271 501(C)(3) 130216 0 PARISH SUPPORT CHARLES SCHWAB 701 XENIA AVE S SUITE 250 GOLDEN VALLEY MN 55416 501(C)(3) 120000 0 ORGANIZATIONAL SUPPORT ST PHILLIP CHURCH 821 E 5TH STREET LITCHFIELD MN 55355 501(C)(3) 102377 0 PARISH SUPPORT FORETHOUGHT LIFE INSURANCE COMPANY PO BOX 758502 TOPEKA KS 66675 100000 0 ORGANIZATIONAL SUPPORT PAX CHRISTI CATHOLIC CHURCH 12100 PIONEER TRAIL EDEN PRAIRIE MN 55347 501(C)(3) 100000 0 PARISH SUPPORT PRIEST RETIREMENT FUND OF THE DIOCESE OF WINONA PO BOX 588 WINONA MN 55987 501(C)(3) 82023 0 ORGANIZATIONAL SUPPORT CHURCH OF OUR LADY 821 E 5TH STREET LITCHFIELD MN 55355 501(C)(3) 81817 0 PARISH SUPPORT CHURCH OF ST MARY BISMARK 825 E BROADWAY AVE BISMARCK ND 58501 501(C)(3) 74201 0 PARISH SUPPORT CATHOLIC MEDICAL MISSION BOARD 1212 AVENUE OF THE AMERICAS 11TH FL NEW YORK NY 10036 501(C)(3) 71892 0 ORGANIZATIONAL SUPPORT IMMACULATE CONCEPTION CHURCH OF PINE CITY 535 8TH STREET SW PINE CITY MN 55063 501(C)(3) 55597 0 PARISH SUPPORT ST FRANCIS CABRINI CHURCH 1500 FRANKLIN AVE SE MINNEAPOLIS MN 55414 501(C)(3) 53042 0 PARISH SUPPORT IMMACULATE HEART OF MARY SEMINARY 750 TERRACE HEIGHTS WINONA MN 55987 501(C)(3) 49214 0 SCHOOL SUPPORT AID TO THE CHURCH IN NEED 725 LEONARD ST BROOKLYN NY 11222 501(C)(3) 49214 0 ORGANIZATIONAL SUPPORT CATHOLIC RELIEF SERVICES 228 W LEXINGTON ST BALTIMORE MD 21201 135563422 501(C)(3) 49214 0 ORGANIZATIONAL SUPPORT ST GREGORY THE GREAT CATHOLIC CHURCH 38725 FOREST BLVD PO BOX 609 NORTH BRANCH MN 55056 501(C)(3) 43811 0 CEMETERY SUPPORT ST RAPHAEL SCHOOL 7301 BASS LAKE ROAD CRYSTAL MN 55428 501(C)(3) 39207 0 PARISH SUPPORT CATHOLIC NEAR EAST WELFARE ASSOCIATION 1011 FIRST AVE NEW YORK NY 10022 131623929 501(C)(3) 32809 0 ORGANIZATIONAL SUPPORT ETERNAL WORD TELEVISION NETWORK 5817 OLD LEEDS RD IRONDALE AL 35210 630801391 501(C)(3) 32809 0 ORGANIZATIONAL SUPPORT DIOCESAN COUNCIL OF CATHOLIC WOMEN 706 BULLIS ST KENYON MN 55946 501(C)(3) 31468 0 ORGANIZATIONAL SUPPORT ST BERNARD CEMETERY PO BOX 758502 TOPEKA KS 66675 501(C)(3) 25000 0 ORGANIZATIONAL SUPPORT ST MARY'S MISSION SCHOOL PO BOX 189 RED LAKE MN 56671 501(C)(3) 21930 0 PARISH SUPPORT ST MARY'S - FOSSTON 725 6TH ST NE FOSSTON MN 56542 501(C)(3) 18000 0 PARISH SUPPORT ST JAMES PARISH 25042 CO RD 2 COLD SPRING MN 56320 501(C)(3) 16706 0 PARISH SUPPORT ALL SAINTS CATHOLIC SCHOOL LAKEVILLE 19795 HOLYOKE AVENUE LAKEVILLE MN 55044 501(C)(3) 15587 0 TUITION ASSISTANCE SUPPORT ST VINCENT DE PAUL CATHOLIC CHURCH 820 13TH ST S WISCONSIN RAPIDS WI 54494 501(C)(3) 14500 0 PARISH SUPPORT ST JAMES CEMETERY 25042 CO RD 2 COLD SPRING MN 56320 501(C)(3) 14408 0 CEMETERY SUPPORT LITTLE SISTERS OF THE POOR 330 EXCHANGE ST S ST PAUL MN 55102 410764112 501(C)(3) 13899 0 ORGANIZATIONAL SUPPORT ST JOSEPH - NEW HOPE 8701 36TH AVE N NEW HOPE MN 55427 501(C)(3) 13069 0 PARISH SUPPORT ST AGNES CHURCH - ST PAUL 535 THOMAS AVE W ST PAUL MN 55103 501(C)(3) 12000 0 PARISH SUPPORT ST JOHN NEUMANN CHURCH -EAGAN 4030 PILOT KNOB RD EAGAN MN 55122 501(C)(3) 12000 0 PARISH SUPPORT OUR LADY OF FATIMA 299 RED OAK DRIVE AITKIN MN 56431 501(C)(3) 10598 0 PARISH SUPPORT OUR LADY OF PERPETUAL HELP & THE SACRED HEART OF JESUS HAITIAN MISSION 10760 57TH ST CLEAR LAKE MN 55319 461564779 501(C)(3) 10000 0 PARISH SUPPORT ST AGNES SCHOOL - ST PAUL 535 THOMAS AVE W ST PAUL MN 55103 501(C)(3) 10000 0 OPERATIONAL SUPPORT HOLY SPIRIT CATHOLIC CHURCH 142 S WOODCREST DRIVE N FARGO ND 58102 501(C)(3) 10000 0 PARISH SUPPORT HOLY CROSS CHURCH 2711 7TH ST E WEST FARGO ND 58078 501(C)(3) 10000 0 PARISH SUPPORT ST PAUL'S NEWMAN CENTER 1141 N UNIVERSITY DR FARGO ND 58102 501(C)(3) 10000 0 ORGANIZATIONAL SUPPORT REAL PRESENCE RADIO NETWORK 503 7TH ST N FARGO MN 58102 501(C)(3) 10000 0 ORGANIZATIONAL SUPPORT ST JOHN ABBEY PO BOX 2015 COLLEGEVILLE MN 56321 501(C)(3) 10000 0 TUITION ASSISTANCE SUPPORT KNIGHTS OF COLUMBUS CHARITIES PO BOX 382154 PITTSBURGH PA 15251 501(C)(3) 10000 0 ORGANIZATIONAL SUPPORT WOMEN'S CARE CENTER 103 EAST FIRST STREET DULUTH MN 55802 501(C)(3) 10000 0 ORGANIZATIONAL SUPPORT ST MARY'S BIRD ISLAND 140 S 10TH STREET BIRD ISLAND MN 55310 501(C)(3) 8609 0 PARISH SUPPORT HOME AND COMMUNITY OPTIONS INC 66 EAST THIRD STREET WINONA MN 55987 411278194 501(C)(3) 7369 0 ORGANIZATIONAL SUPPORT ST MARY CHURCH - COOK 124 FIFTH STREET S COOK MN 55723 501(C)(3) 6850 0 PARISH SUPPORT OUR LADY OF GRACE 5071 EDEN AVENUE EDINA MN 55436 501(C)(3) 5400 0 PARISH SUPPORT 48 1 SCHULER SEMINARIAN SCHOLARSHIP FUND 171 68900 PART I, LINE 2: THE FOUNDATION MAKES SCHOLARSHIP GRANTS THROUGH THE MSGR. SCHULER SEMINARIAN FUND. THE APPLICANTS ARE REQUIRED TO SUBMIT AN APPLICATION SUPPORTING THEIR ELIGIBILITY TO RECEIVE AN AWARD. THE FOUNDATION STAFF RESEARCHES THE PROPOSED SEMINARIAN FOR ELIGIBILITY OBTAINING A LETTER OF GOOD STANDING FROM THE SEMINARY IN WHICH EACH SEMINARIAN IS ATTENDING. THE EXECUTIVE DIRECTOR RECOMMENDS THE SEMINARIANS TO RECEIVE GRANTS TO THE ADVISORY BOARD, WHO MAKES A RECOMMENDATION OF AWARDS TO THE FOUNDATION'S BOARD OF DIRECTORS. APPROVAL IS BY THE FULL BOARD. APPLICATIONS ARE SOLICITED FROM SEMINARIANS BY MAIL AND ONLINE. ALL APPLICANTS ARE RESEARCHED TO DETERMINE ELIGIBILITY TO RECEIVE AN AWARD BOTH LEGALLY AND USING THE FOUNDATIONS'S ESTABLISHED CRITERIA. X ADMINISTRATIVE COSTS 1 207704 EST. FMV, ACTUAL COS X OTHER OPERATING COSTS 1 56958 ACTUAL COST INCURRED 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A CATHOLIC UNITED FINANCIAL (CUF), A RELATED ORGANIZATION, HAS THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B CATHOLIC UNITED FINANCIAL (CUF), A RELATED ORGANIZATION, HAS THE POWER TO RATIFY GOVERNANCE DECISIONS MADE BY THE ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND DISTRIBUTED TO THE BOARD FOR ITS REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND SIGNED BY EACH MEMBER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS LEGALLY AN EMPLOYEE OF AND PAID BY CATHOLIC UNITED FINANCIAL ASSOCIATION, A RELATED PARTY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE FOUNDATION PUBLISHES ITS FINANCIAL STATEMENTS IN ITS ANNUAL REPORT, WHICH IS MAILED TO THE PUBLIC AND IS AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED IN THE PREVIOUS YEAR CATHOLIC UNITED FINANCIAL 3499 LEXINGTON AVE N ST PAUL MN 55126 410182070 INSURANCE MN 501(C)(8) & (C)(10) CATHOLIC UNITED FINANCIAL 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0