2024-04-22T13:20:32-05:00 2023-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-07-01 043703021 THE ABBEY FOUNDATION OF OREGON ABBE 5038453052 ONE ABBEY DRIVE SAINT BENEDICT OR 97373 PHILIP WAIBEL TREASURER 5038453052 2024-04-17 1 PHILIP WAIBEL 999009999 1 WENDY CAMPOS P00448102 5032421447 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN LIMB ONE ABBEY DRIVE SAINT BENEDICT OR 97373 18700819 0 X WWW.MOUNTANGELABBEY.ORG X 2002 OR TO PROMOTE THE FINANCIAL VITALITY OF MOUNT ANGEL ABBEY. 19 19 0 19 3966 916 2547908 4312936 0 0 1238464 1613473 2917644 3067686 6704016 8994095 2517607 3769879 0 0 0 0 0 0 0 998487 1168182 3516094 4938061 3187922 4056034 41025163 45667996 2214152 1708266 38811011 43959730 THE ABBEY FOUNDATION OF OREGON PROMOTES THE FINANCIAL VITALITY OF MOUNT ANGEL ABBEY BY SEEKING OPERATING SUPPORT IN ADDITION TO SPECIAL PROJECT FUNDING AND LONG-TERM ENDOWMENTS FOR THE MONASTERY, MT. ANGEL SEMINARY, THE RETREAT AND GUEST PROGRAMS, AND THE LIBRARY. 0 0 3769879 3769879 THE ABBEY FOUNDATION OF OREGON WAS ESTABLISHED TO SUPPORT THE WORK OF MT. ANGEL ABBEY, INCLUDING THE MT. ANGEL MONASTERY, SEMINARY, LIBRARY AND GUEST HOUSE. MT. ANGEL ABBEY IS A MONASTIC COMMUNITY FORMED IN 1882 WHICH OPERATES THE SECOND LARGEST CATHOLIC SEMINARY IN THE UNITED STATES. THE FOUNDATION PROVIDES GRANTS TO MT. ANGEL ABBEY AND OPERATES PRIMARILY IN THREE AREAS: OPERATING SUPPORT: THE FOUNDATION MAKES GRANTS TO MT. ANGEL ABBEY TO HELP UNDERWRITE THE COST OF EDUCATION FOR SEMINARIANS AT THE MT. ANGEL SEMINARY. CAPITAL SUPPORT: THE FOUNDATION RAISES FUNDS FOR THE VARIOUS CAPITAL NEEDS OF MT. ANGEL ABBEY. ENDOWMENT SUPPORT: THE FOUNDATION ALSO ADMINISTERS A NUMBER OF ENDOWMENTS CREATED BY GIFTS FROM DONORS IN SUPPORT OF MT. ANGEL ABBEY AND ITS PROGRAMS. 3769879 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 OR X SPENCER RUTKOSKI 5038512814 ONE ABBEY DRIVE ST BENEDICT OR 97373 X JOHN LIMB PRESIDENT 1.00 X X 0 0 0 JAMES ZUICHES VICE PRESIDENT 1.00 X X 0 0 0 DONALD WILLIAMS SECRETARY 1.00 X X 0 0 0 JOHN MEEK PAST PRESIDENT 1.00 X X 0 0 0 REV MARTIN GRASSEL OSB TREASURER 1.00 40.00 X X 0 0 0 SISTER ADELE MARIES ALTENOFEN SSMO TRUSTEE 1.00 X 0 0 0 MARK C BECKIUS TRUSTEE 1.00 X 0 0 0 RT REV JEREMY DRISCOLL OSB TRUSTEE 1.00 X 0 0 0 JENNIFER EPPING TRUSTEE 1.00 X 0 0 0 PAULETTE FURNESS TRUSTEE 1.00 X 0 0 0 LYNN CAYANUS JONES TRUSTEE 1.00 X 0 0 0 SALLY KILLGORE TRUSTEE 1.00 X 0 0 0 PAUL KELLER TRUSTEE 1.00 X 0 0 0 JOE PSZERACKI TRUSTEE 1.00 X 0 0 0 CLAIRE SCHULTE CPA TRUSTEE 1.00 X 0 0 0 REX WARDLAW TRUSTEE 1.00 X 0 0 0 REV CHARLES WOOD TRUSTEE 1.00 X 0 0 0 ANNE YOO TRUSTEE 1.00 X 0 0 0 WILLIAM ZUELKE TRUSTEE 1.00 X 0 0 0 JOANNE DIBENEDETTO BURDICK TRUSTEE THRU 07/2022 1.00 X 0 0 0 LINDA KEIZER TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 MOUNT ANGEL ABBEY 1 ABBEY DRIVE ST BENEDICT OR 97373 MANAGEMENT SERVICES 148662 1 217462 4095474 1256196 4312936 923666 3966 919700 371410 49825 321585 321585 321585 10346706 9656899 689807 689807 689807 TIMBER INCOME 110000 2746101 2746101 2746101 8994095 0 3966 4677193 3769879 3769879 164666 164666 7133 7133 64873 64873 7907 7907 TREE FARM 887662 887662 MISCELLANEOUS EXPENSE 44146 44146 BAD DEBT EXPENSE -16310 -16310 8105 8105 4938061 3769879 1168182 0 5098870 3011123 93517 8516 161941 200000 201933 181658 410569 0 410569 410569 34031554 41078884 871801 630282 154978 146964 41025163 45667996 33850 192718 13523 10356 2166779 1505192 2214152 1708266 X 14884689 17450264 23926322 26509466 38811011 43959730 41025163 45667996 X 4056034 1106222 -13537 X 0 1 X 1 0 X X 1 MOUNT ANGEL ABBEY 930386869 1 1 3769879 0 1 3769879 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23996541 2194640 2002947 1269520 26924608 27019526 1492377 -3344572 1170790 23996541 18986788 2805470 5849660 622392 27019526 19176242 1033074 -441352 781176 18986788 22528407 24700 736611 4113476 19176242 0.20000 0.68000 0.12000 0 0 406978 406978 3591 3591 410569 PAYABLE TO MOUNT ANGEL ABBEY 1355192 FUNDS HELD ON BEHALF OF OTHERS 150000 1505192 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE AND AS A TYPE I SUPPORTING ORGANIZATION. AS A SINGLE MEMBER LLC, THE BREWERY IS A DISREGARDED ENTITY FOR TAX PURPOSES. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS, IF ANY, ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO TAX MATTERS, IF ANY, IN TAX EXPENSE. PART V, LINE 4: THE FOUNDATION ADMINISTERS A NUMBER OF ENDOWMENTS CREATED BY GIFTS FROM DONORS IN SUPPORT OF MOUNT ANGEL ABBEY AND ITS PROGRAMS. 1 MOUNT ANGEL ABBEY 1 ABBEY DRIVE ST BENEDICT OR 97373 930386869 501(C)(3) 3769879 0 TO SUPPORT THE PROGRAMS AND OPERATIONS OF MOUNT ANGEL ABBEY. 1 0 PART I, LINE 2: THE FOUNDATION MONITORS THE USE OF GRANT FUNDS BY MONITORING THE PROGRESS OF SPECIFIC PROGRAMS AND PROJECTS AS WELL AS REVIEWING THE ANNUAL REPORT OF MOUNT ANGEL ABBEY THAT DISCLOSES THE USE OF GRANT FUNDS. X 60 1256196 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH MOUNT ANGEL ABBEY THAT PROVIDES MANAGEMENT AND SUPPORT SERVICES FOR BUSINESS OFFICE SERVICES, DEVELOPMENT OF PROGRAM MANAGEMENT AND HUMAN RESOURCE MANAGEMENT. DURING THE TAX YEAR, THE ORGANIZATION PAID $164,666 TO MOUNT ANGEL ABBEY FOR THESE SERVICES. ADDITIONALLY, REV. MARTIN GRASSEL PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION WITHOUT COMPENSATION DUE TO A VOW OF POVERTY. FORM 990, PART VI, SECTION A, LINE 7A A "MEMBER" IS A PERSON ENTITLED TO (AMONG OTHER ACTIONS ENUMERATED IN ORS 65.144) ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY (HERE TRUSTEES OF THE AFO ). A "PERSON" IS AN INDIVIDUAL OR AN ENTITY. [DEFINITIONS FROM ORS 65.001] AS LEGALLY STRUCTURED, THE AFO IS NOT A MEMBER CORPORATION. ITS GOVERNING BODY CONSISTS SOLELY OF A BOARD. THE AFO DOES NOT HAVE "MEMBERS OR "STOCKHOLDERS" BUT IT DOES HAVE AN "OTHER PERSON" WITH POWER TO ELECT OR APPOINT TRUSTEES: THE OREGON CORPORATION, MOUNT ANGEL ABBEY. THE ABBOT MAY REPRESENT THE ABBEY, BUT IT IS THE ABBEY AS A LEGAL ENTITY THAT IS ENTITLED TO APPOINT TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ITEMS LISTED BELOW REQUIRE CONSENT FROM MOUNT ANGEL ABBEY A RELATED ORGANIZATION: (A) TO AMEND THE ARTICLES OF INCORPORATION; (B) TO MODIFY THE BYLAWS; (C) TO ALIENATE ASSETS OF THE FOUNDATION FOR ANY PURPOSE OTHER THAN THE SUPPORT OF MOUNT ANGEL ABBEY AND ITS ACTIVITIES; (D) TO SUPPRESS THE FOUNDATION; (E) TO CONTRACT DEBTS ON BEHALF OF THE FOUNDATION OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; (F) TO ESTABLISH SUBSIDIARY FOUNDATIONS; OR (G) TO MODIFY THE MISSION AS DESCRIBED IN ARTICLE 2 OF THESE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION PROVIDED A COPY OF THE FORM 990 TO BOARD MEMBERS FOR REVIEW AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AGREE TO THE CONFLICT OF INTEREST POLICY AT THE TIME THEY BECOME BOARD MEMBERS. BOARD MEMBERS ARE ASKED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AND MAKE THE BOARD AWARE BEFORE ENTERING INTO SUCH RELATIONSHIP. FORM 990, PART VI, SECTION C, LINE 19 PRESENTLY, THE ABBEY FOUNDATION OF OREGON DOES NOT MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: WRITE-OFF OF PRIOR YEAR PLEDGES -13,537. MOUNT ANGEL ABBEY 1 ABBEY DRIVE ST BENEDICT OR 97373 930386869 SPIRITUAL LEADERSHIP AND OUTREACH OR 501(C)(3) LINE 1 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0