2024-11-07T14:05:31-06:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2023-01-01 411893463 CATHOLIC UNITED FINANCIAL FOUNDATION CATH 6517654135 3499 LEXINGTON AVENUE NORTH ST PAUL MN 55126 ROBERT HEUERMANN EXECUTIVE DIRECTOR 6517654135 2024-10-30 1 1 RYAN VETTRUS CPA P01243596 6514834521 2023 2024-10-15 13:58:12Z ROBERT HEUERMANN 3499 LEXINGTON AVENUE NORTH ST PAUL MN 55126 9096912 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 0 165 0 0 8956849 8329296 0 0 684703 752065 28407 -7660 9669959 9073701 3270662 9934155 0 0 0 0 0 0 19892 473958 752481 3744620 10686636 5925339 -1612935 42361226 42059307 172845 220244 42188381 41839063 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 10616071 9934155 IN 2023, THE FOUNDATION GRANT PROGRAM PROVIDED 26 GRANTS TO CATHOLIC SCHOOLS AND PARISHES FOR TECHNOLOGY AND CHASTITY & ABSTINENCE PROGRAMS AMOUNTING TO $14,830. SINCE 2001, MORE THAN $1.2 MILLION HAS BEEN AWARDED IN THROUGH MORE THAN 2,286 GRANTS TO CATHOLIC SCHOOLS, PARISHES, AND RELIGIOUS EDUCATION PROGRAMS. THE FOUNDATION'S SCHULER SEMINARIAN FUND PROVIDED 176 SEMINARIANS WITH $71,440 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 $10 MILLION IN SUPPORT OF CHARITABLE ORGANIZATIONS, CHURCHES AND SCHOOLS ACROSS THE UPPER MIDWEST IN 2023. 10616071 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 27 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 113841 34416 MICHAEL AHLES PRESIDENT 1.00 X X 0 0 0 FR THOMAS THOMPSON SPIRITUAL ADVISOR 1.00 X 0 0 0 HARALD 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 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 PAUL ZASTROW BOARD MEMBER 1.00 X 0 0 0 MARK ZEMAN BOARD MEMBER 1.00 X 0 0 0 0 113841 34416 0 0 0 0 0 32800 8296496 212758 8329296 673597 673597 78468 0 78468 78468 78468 15551 32800 23211 -7660 -7660 9073701 0 0 744405 9862715 9862715 71440 71440 17400 12554 3480 1366 1210 873 242 95 1727 1246 345 136 5117 3692 1023 402 237 171 47 19 PREMIUMS PAID ON LIFE I 499113 499113 ADMINISTRATIVE OVERHEAD 177970 128404 35594 13972 MISCELLANEOUS 39657 28612 7932 3113 EQUIPMENT RENTAL & MAIN 5423 3912 1085 426 4627 3339 925 363 10686636 10616071 50673 19892 4803732 1555899 122828 4205749 7571521 9015274 29863145 27282385 42361226 42059307 172845 220244 172845 220244 X 2289696 2556787 39898685 39282276 42188381 41839063 42361226 42059307 -1612935 1263617 0 X X 0 1 X 1 0 X 8147319 4231544 5258639 8956849 8329296 34923647 8147319 4231544 5258639 8956849 8329296 34923647 832324 34091323 688747 657829 463509 534576 673597 3018258 37941905 120911 0.89850 0.90620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 624 8049264 9934155 36523647 1 1 3010989 239970 226153 123723 3353389 3035205 180805 -85737 119283 3010990 2773171 229307 173149 140422 3035205 2426924 260461 124039 38253 2773171 2084145 201841 161567 20629 2426924 0.00000 0.70348 0.29652 0 0 0 LIFE INSURANCE CONTRACTS 4154065 IMMEDIATE ANNUITIES 529288 DEFERRED ANNUITIES 19683517 FIXED INDEX ANNUITIES 2915515 27282385 GIFT ANNUITIES PAYABLE 220244 220244 X 10360529 1263617 1263617 9096912 -23211 -23211 9073701 10709847 23211 23211 10686636 0 10686636 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 48351 32800 15551 23211 48351 32800 15551 23211 23211 -7660 1 ALL SAINTS CATHOLIC CHURCH 19795 HOLYOKE AVENUE LAKEVILLE MN 55044 501(C)(3) 10000 0 PARISH SUPPORT BOYS TOWN 14100 CRAWFORD STREET BOYS TOWN NE 68010 470376606 501(C)(3) 10000 0 ORGANIZATIONAL SUPPORT CATHOLIC RELIEF SERVICES INC PO BOX 5200 HARLAN IA 51593 135563422 501(C)(3) 6200 0 ORGANIZATIONAL SUPPORT CATHOLIC SERVICES APPEAL 12805 HWY 55 STE 210 PLYMOUTH MN 55441 501(C)(3) 6700 0 ORGANIZATIONAL SUPPORT CATHOLIC UNITED FINANCIAL FOUNDATION 3499 LEXINGTON AVE N ST PAUL MN 55126 501(C)(3) 735431 0 ORGANIZATIONAL SUPPORT CHRIST OUR LIGHT CATHOLIC CHURCH 804 7TH AVE S PRINCETON MN 55371 501(C)(3) 103348 0 PARISH SUPPORT CHURCH OF ST ANN 2747 29TH STREET SLAYTON MN 56172 501(C)(3) 156572 0 PARISH SUPPORT CHURCH OF OUR LADY 821 E 5TH STREET LITCHFIELD MN 55355 501(C)(3) 41556 0 PARISH SUPPORT CHURCH OF SAINT HENRY 1001 E 7TH ST MONTICELLO MN 55362 501(C)(3) 188926 0 MAINTENANCE CHURCH OF ST PAUL PO BOX 248 NICOLLET MN 56074 501(C)(3) 51342 0 PARISH SUPPORT CHURCH OF ST PIUS V 410 COLVILL ST W CANNON FALLS MN 55009 501(C)(3) 149706 0 PARISH SUPPORT DOMINICAN SISTERS OF MARY 4597 WARREN ROAD ANN ARBOR MI 48105 501(C)(3) 5150 0 PARISH SUPPORT DUNROVIN CHRISTIAN BROTHERS RETREAT CENTER 15525 ST CROIX TRAIL MARINE ON ST CROIX MN 55047 410876905 501(C)(3) 174052 0 ORGANIZATIONAL SUPPORT FORETHOUGHT LIFE INSURANCE COMPANY 123 TOWN SQUARE PLACE JERSEY CITY NJ 07310 25000 0 ORGANIZATIONAL SUPPORT HOLY SPIRIT CATHOLIC CHURCH 1420 7TH ST N FARGO ND 58102 501(C)(3) 11900 0 PARISH SUPPORT HOLY SPIRIT CATHOLIC CHURCH 306 SOUTH 2ND STREET VIRGINIA MN 55792 501(C)(3) 10000 0 PARISH SUPPORT HOLY TRINITY 506 COMMON ST WATERVILLE MN 56096 501(C)(3) 6300 0 PARISH SUPPORT IMMACULATE CONCEPTION CHURCH 535 8TH STREET SW PINE CITY MN 55063 501(C)(3) 37592 0 PARISH SUPPORT LITTLE SISTERS OF THE POOR 330 EXCHANGE ST S ST PAUL MN 55102 410764112 501(C)(3) 7120 0 ORGANIZATIONAL SUPPORT OUR LADY OF GRACE 5071 EDEN AVE EDINA MN 55436 501(C)(3) 7700 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) 125000 0 PARISH SUPPORT QUEEN OF ANGELS CHURCH - CALVARY CEMETERY ASSOCIATION 1001 E OAKLAND AVE AUSTIN MN 55912 501(C)(3) 30000 0 PARISH SUPPORT SACRED HEART CATHOLIC CHURCH 201 ORLEANS PO BOX 9 MURDOCK MN 56271 501(C)(3) 31025 0 PARISH SUPPORT SACRED HEART CHURCH CCW 410 POINT ROAD BACKUS MN 56435 501(C)(3) 5554 0 PARISH SUPPORT SAINT ANN CATHOLIC CHURCH 313 WEST 2ND ST JANESVILLE MN 56048 501(C)(3) 116556 0 PARISH SUPPORT ST AGNES CHURCH 535 THOMAS AVE W ST PAUL MN 55103 501(C)(3) 6000 0 PARISH SUPPORT ST ANNE CHURCH PO BOX 239 WABASSO MN 56293 501(C)(3) 1612840 0 PARISH SUPPORT ST AUGUSTINE'S CHURCH 405 4TH STREET NW AUSTIN MN 55912 501(C)(3) 305566 0 PARISH SUPPORT ST BERNARD'S 105 KNIGHT AVENUE N THIEF RIVER FALLS MN 56701 501(C)(3) 1729089 0 PARISH SUPPORT ST EDWARD'S CHURCH 405 4TH STREET NW AUSTIN MN 55912 501(C)(3) 203711 0 PARISH SUPPORT ST FINBARR'S CATHOLIC CHURCH 504 1ST ST SW GRAND MEADOW MN 55936 501(C)(3) 367940 0 PARISH SUPPORT ST HENRY'S CHURCH 165 N WATERVILLE AVE LE CENTER MN 56057 501(C)(3) 361471 0 PARISH SUPPORT ST IGNATIUS CHURCH 213 WEST FRANKLIN ST SPRING VALLEY MN 55975 501(C)(3) 384646 0 PARISH SUPPORT ST JAMES PARISH 501 MAIN STREET COLD SPRING MN 56320 501(C)(3) 20212 0 PARISH SUPPORT ST JOHN ABBEY PO BOX 2015 COLLEGEVILLE MN 56321 501(C)(3) 10000 0 ORGANIZATIONAL SUPPORT ST JOHN NEUMANN CHURCH 4030 PILOT KNOB RD EAGAN MN 55122 501(C)(3) 13000 0 PARISH SUPPORT ST JOHN THE BAPTIST DE LA SALLE PO BOX 310 DODGE CENTER MN 55927 501(C)(3) 30000 0 PARISH SUPPORT ST JOHN'S CATHOLIC CHURCH 331 WEST 3RD ST MORTON MN 56270 501(C)(3) 110243 0 PARISH SUPPOT ST JOSEPH CEMETERY 25232 MIDWAY AVE CLEMENTS MN 53224 501(C)(3) 84268 0 PARISH SUPPORT ST MARGARET MARY CHURCH 2323 ZENITH AVE N GOLDEN VALLEY MN 55422 501(C)(3) 30000 0 PARISH SUPPORT ST MARTIN CATHOLIC CEMETERY 1720 STATE HIGHWAY 30 WOODSTOCK MN 56186 501(C)(3) 84581 0 PARISH SUPPORT ST MARY CHURCH - COOK PO BOX 217 COOK MN 55723 501(C)(3) 11700 0 PARISH SUPPORT ST MARY OF THE PRESENTATION 221 4TH ST N BRECKENRIDGE MN 56520 501(C)(3) 900000 0 PARISH SUPPOT ST MARY'S - FOSSTON 725 6TH ST NE FOSSTON MN 56542 501(C)(3) 52000 0 PARISH SUPPORT ST MARY'S ACADEMY 1025 N 2ND STREET BISMARCK ND 58501 501(C)(3) 6000 0 PARISH SUPPORT ST MARY'S CHURCH 83 MAIN STREET ROLLINGSTONE MN 55969 501(C)(3) 43827 0 PARISH SUPPORT ST MATHIAS CHURCH 1108 WILLOW STREET BRAINERD MN 56401 501(C)(3) 173064 0 PARISH SUPPORT ST MICHAEL'S CEMETERY ASSOCIATION 218 ADAMS STREET MORGAN MN 56266 501(C)(3) 39933 0 PARISH SUPPORT ST PATRICK CATHOLIC CHURCH 436 W MAIN ST LE ROY MN 55951 501(C)(3) 655872 0 PARISH SUPPORT ST ROSE OF LIMA CEMETERY 2747 29TH ST SLAYTON MN 56172 501(C)(3) 34996 0 PARISH SUPPORT ST VINCENT DE PAUL CATHOLIC CHURCH 1320 18TH ST S WISCONSIN RAPIDS WI 54494 501(C)(3) 41000 0 PARISH SUPPORT ST VINCENT DEPAUL CEMETERY 9100 93RD AVENUE NORTH BROOKLYN PARK MN 55445 501(C)(3) 281434 0 PARISH SUPPORT STELLA MARIS ACADEMY 4321 ALLENDALE AVE DULUTH MN 55803 501(C)(3) 52945 0 SCHOOL SUPPORT TRANSFIGURATION CATHOLIC CHURCH 6133 15TH STREET N OAKDALE MN 55128 501(C)(3) 13269 0 PARISH SUPPORT TRANSFIGURATION CATHOLIC SCHOOL 6133 15TH STREET N OAKDALE MN 55128 501(C)(3) 13271 0 SCHOOL SUPPORT VISITATION MONESTARY OF MINNEAPOLIS 1615 FREEMONT AVE N MINNEAPOLIS MN 55411 501(C)(3) 20500 0 ORGANIZATIONAL SUPPORT WORKING CAPITAL FOR COMMUNITY NEEDS INC 211 S PATERSON ST STE 260 MADISON WI 53703 391521683 501(C)(3) 15000 0 ORGANIZATIONAL SUPPORT 56 1 SCHULER SEMINARIAN SCHOLARSHIP FUND 178 71440 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 179415 EST. FMV, ACTUAL COS X OTHER OPERATING COSTS 1 33343 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: THE 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