2024-05-15T14:52:52-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 730773715 Catholic Foundation of Oklahoma Inc CATH 4057215651 PO Box 32180 Oklahoma City OK 73123 Peter de Keratry Executive Director 4057214115 2024-05-15 1 Peter de Keratry 999009999 1 Kim Hunwardsen CPA P00484560 6122536500 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Peter L de Keratry PO Box 32180 Oklahoma City OK 73123 6259513 0 0928 X WWW.CFOOK.ORG X 1965 OK Steward of charitable funds that provide resources to parishes and other ministries. 16 14 9 26 239385 202126 4613565 4197799 155707 842987 4642489 -27822 395622 400126 9807383 5413090 981088 1998359 0 0 390635 536987 0 0 31586 754996 859044 2126719 3394390 7680664 2018700 72656929 76758680 47063590 46753060 25593339 30005620 X To inspire generosity leading to endowments and charitable funds supporting parishes, schools, and other ministries of the Catholic Church in central and western Oklahoma. 0 0 2059107 1998359 842987 The Catholic Foundation was incorporated as a nonprofit entity whose mission is to procure and build endowment funds to support the ministries and entities of the Archdiocese of Oklahoma City. With the spiritual leadership and guidance of the Archbishop of Oklahoma City, the Foundation is managed by a Board of Directors, consisting of priests, deacons and professional lay men and women representing the various geographic areas of the Archdiocese of Oklahoma City. Program service statement continued on Schedule O.In carrying out its mission, the Foundation provides gifting vehicles in which the Church and related entities are designated beneficiaries; provides estate planning and charitable giving information and assistance; and distributes earnings on endowments to further the development of the Catholic Church in central and western Oklahoma.The Foundation distributes earnings from 100 endowments and other charitable funds to parishes, schools and other ministries to further develop the Catholic church in central and western Oklahoma. Grants are awarded to Catholic organizations to advance the faith throughout the Archdiocese. Grants totaling $1,857,121 were distributed to parishes and schools in 2023. 46 College Scholarships were awarded totaling $141,238 in 2023.In addition to endowments and charitable funds owned by the Foundation, 125 custodial accounts are managed by the foundation for parishes, schools, and other ministries. 99961 0 0 A Charitable Gift Annuity program is available to provide ongoing support for the donor's life with the residual asset going to the CFO Ministry Fund at the Catholic Foundation of Oklahoma to provide grants to parishes, schools and other ministries. 2159068 1 1 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 9 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 16 14 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 OK X David Johnson 4057215651 PO Box 32180 Oklahoma City OK 73123 X Most Reverend Paul Coakley Chairman 10.00 40.00 X X 0 43612 23418 David Johnson Secretary/Treasurer 5.00 40.00 X X 0 103718 24139 George Browning President 1.00 0.00 X X 0 0 0 Whitney Hufnagel Vice-President 1.00 0.00 X X 0 0 0 Daniel Stith Past President 1.00 0.00 X X 0 0 0 Chuck Duginski Director 1.00 0.00 X 0 0 0 Gary Gatewood Director 1.00 0.00 X 0 0 0 Father Aaron Foshee Director 1.00 0.00 X 0 0 0 John Kelln Director 1.00 0.00 X 0 0 0 Karen Kenworthy Director 1.00 0.00 X 0 0 0 Lori Carter Director 1.00 0.00 X 0 0 0 Louis Gasbarra Director 1.00 0.00 X 0 0 0 Joe Ray Director 1.00 0.00 X 0 0 0 Richard White Director 1.00 0.00 X 0 0 0 Steve Winkler Director 1.00 0.00 X 0 0 0 Thy Nguyen Director 1.00 0.00 X 0 0 0 Rebecca David Accountant 37.50 0.00 X 66092 0 15204 Peter L de Keratry Executive Director 20.00 20.00 X 0 232086 45884 66092 379416 108645 0 0 1 0 0 354808 3842991 4197799 Fund Management Fees 541610 649189 649189 193798 193798 842987 698328 239385 458943 400126 400126 719293 6857 -719293 -6857 -726150 -726150 120273 354808 120273 0 5413090 842987 239385 132919 1857121 1857121 141238 141238 86692 86692 363510 363510 14450 14450 41915 41915 30420 30420 4713 4713 32846 32846 398148 398148 27002 27002 7836 7836 34673 34673 23946 23946 18000 18000 3832 3832 11375 11375 1347 1347 951 951 Provision for Annuities 99961 99961 Supported Programs 60748 60748 133666 102080 31586 3394390 2159068 1203736 31586 1438556 343104 199455 245536 27550 70651 14610 53267 15038 67933 38229 57765572 64215161 12737338 11388765 420525 442624 72656929 76758680 52590 69748 67060 187227 45722854 45371575 1221086 1124510 47063590 46753060 X 8747802 9309770 16845537 20695850 25593339 30005620 72656929 76758680 X 2018700 2253288 140293 X 0 1 X 0 0 X 527371 2646458 4471355 4613565 4197799 16456548 527371 2646458 4471355 4613565 4197799 16456548 736054 15720494 609109 737946 467319 666678 859069 3340121 308 103144 386664 203166 693282 20489951 1703359 0.76720 0.79230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 95 1249853 333466 94048 3583463 2098602 45371575 1 1 0 1 X 17303936 3997272 1370062 412263 22259007 15905181 4256653 -783889 2074009 17303936 9619855 3728080 3067262 510016 15905181 8065025 2483477 -22551 906096 9619855 7594543 467393 226130 223041 8065025 0.08490 0.68903 0.22607 0 0 32529 32529 20738 15038 5700 38229 Partnerships and Limited Liability Companies 5567942 F Hedge Funds 3017215 F Real Estate Partnership 2803608 F 11388765 Annuities Payable 819374 Distribution Payable 305136 1124510 X 7376937 2253288 108707 2361995 5014942 398148 398148 5413090 2964656 0 2964656 398148 31586 429734 3394390 Part IV, Line 2b: Funds held for others include funds that the Foundation, as agent under management agreements, invests for certain related parties. Management fees of up to 0.25% annually calculated on the beginning of the month balance are charged to such parties for these services and are included in unrestricted revenues. In addition, funds held for others include certain revocable and irrevocable trusts and custodian funds for which the Foundation has been designated as custodian. Part V, Line 4: Endowment Funds operate with a spending policy adopted by the Board and executed with any donor restrictions to provide support for the ministries of the Catholic church in the Archdiocese of Oklahoma City and other donor designated non-profit organizations whose teaching are in alignment with the Catholic church. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in Cash Value of Life Insurance 22,099. Change in Annuities Valuation 118,194. Other fundraising expenses recorded in expense on Form 990 -31,586. Part XII, Line 4b - Other Adjustments: Other fundraising expenses recorded in expense on Form 990 31,586. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 4027836 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investments 2027589 0 0 0 0 0 0 6055425 0 6055425 1 0 1 1 1 0 Part III Accounting Method: Schedule F, Part IV The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The Foundation's ownership interests in foreign corporations do not require a Form 5471 to be filed. The Foundation has transfers to foreign corporations through its investments. The Foundation filed Form 926 due to a partnership investment. The Foundation invests in passive foreign investment companies. The investment partnerships have properly filed Form 8621 or the underlying investments did not generate any unrelated business income. Under these facts, the Foundation is not required to file an additional Form 8621. The Foundation had transfers to foreign partnerships through its investments in partnerships. The Foundation did not file Form 8865 due to transfers under the filing threshold. Archbishop's Dinner 401710 309653 92057 86132 400 5525 Saint and Scholars 62871 36759 26112 500 24237 300 1075 464581 346412 118169 500 110369 700 6600 118169 0 1 All Saints Catholic School 4001 36th Ave NW Norman OK 730721802 731548847 501(c)(3) 11119 0 General operating expenses Archdiocese of Oklahoma City PO Box 32180 Oklahoma City OK 73123 730632924 501(c)(3) 155357 0 General operating expenses Bishop John Carroll School 1100 N W 32nd Street Oklahoma City OK 73118 731324898 501(c)(3) 11198 0 General operating expenses Bishop McGuinness Catholic High School 801 NW 50th St Oklahoma City OK 731186001 730642613 501(c)(3) 36737 0 General operating expenses Blessed Sacrament Parish - Lawton PO Box 2546 Lawton OK 73502 730654573 501(c)(3) 20410 0 General operating expenses Catholic Charities of the Archdiocese of Oklahoma City 1232 N Classen Blvd Oklahoma City OK 731066810 730636561 501(c)(3) 14521 0 General operating expenses Center of Family Love PO Box 245 Okarche OK 73762 731130455 501(c)(3) 10400 0 General operating expenses Christ the King School 1905 Elmhurst Ave Oklahoma City OK 731204719 730717670 501(c)(3) 30495 0 General operating expenses Church of the Good Shepherd-Boise City C/O PO BOX 731 Guymon OK 739420731 730632924 501(c)(3) 15400 0 General operating expenses Cristo Rey High School - OKC 4200 Leonhardt Dr Oklahoma City OK 73135 475521087 501(c)(3) 6500 0 General operating expenses Gospel of Life Disciples 4113 S Eastern Ave Oklahoma City OK 731607635 471279079 501(c)(3) 9500 0 General operating expenses Holy Name of Jesus Parish - Chickasha PO Box 748 Chickasha OK 73023 730659487 501(c)(3) 7690 0 General operating expenses Holy Spirit Parish - Mustang PO Box 246 Mustang OK 730640246 731194501 501(c)(3) 13097 0 General operating expenses Holy Trinity Catholic School PO Box 185 Okarche OK 73762 730648448 501(c)(3) 12014 0 General operating expenses Holy Trinity Parish - Okarche PO Box 185 Okarche OK 73762 730648448 501(c)(3) 6700 0 General operating expenses Institute for Priestly Formation Foundation 11626 Nicholas St Omaha NE 68154 521907182 501(c)(3) 114637 0 General operating expenses Mount Saint Mary High School 2801 S Shartel Ave Oklahoma City OK 731092238 730605969 501(c)(3) 24744 0 General operating expenses Our Lady of Guadalupe Church - Hollis 523 E Chestnut Street Hollis OK 73550 823235937 501(c)(3) 7081 0 General operating expenses Our Lady of Victory Parish - Purcell PO Box 1280 Purcell OK 730801280 731137088 501(c)(3) 13870 0 General operating expenses Prince of Peace Parish - Altus 1500 Falcon Rd Altus OK 73521 731201385 501(c)(3) 5330 0 General operating expenses Project Gabriel 613 W Benedict St Shawnee OK 74801 730701519 501(c)(3) 6835 0 General operating expenses Sacred Heart Catholic School - El Reno 210 South Evans Avenue El Reno OK 730363636 730632924 501(c)(3) 18665 0 General operating expenses Sacred Heart Parish - El Reno 208 S Evans Ave El Reno OK 730363636 730683607 501(c)(3) 12795 0 General operating expenses Sacred Heart School - OKC 2700 S Shartel Avenue Oklahoma City OK 731092234 730686284 501(c)(3) 17310 0 General operating expenses Saint Andrew Dung-Lac Parish - OKC PO Box 891584 Oklahoma City OK 731891584 731466451 501(c)(3) 10000 0 General operating expenses Saint Anthony of Padua Parish - Okeene PO Box 767 Okeene OK 73763 730757721 501(c)(3) 46095 0 General operating expenses Saint Catherine of Siena Parish - Pauls Valley 205 West Bert Street Pauls Valley OK 73075 731382244 501(c)(3) 7500 0 General operating expenses Saint Charles Borromeo Catholic School 5000 N Grove Ave Oklahoma City OK 731225119 730701035 501(c)(3) 31140 0 General operating expenses Saint Elizabeth Ann Seton School PO Box 510 Edmond OK 730830510 736095725 501(c)(3) 12043 0 General operating expenses Saint Francis of Assisi Church - Newkirk PO Box 11 Newkirk OK 746470011 730632924 501(c)(3) 5200 0 General operating expenses Saint Francis of Assisi Parish - OKC PO Box 60569 Oklahoma City OK 731460569 730722461 501(c)(3) 127020 0 General operating expenses Saint Francis Xavier Parish - Enid 408 South 8th Street Enid OK 737023527 730608175 501(c)(3) 9790 0 General operating expenses Saint Gregory the Great - Enid 1924 West Willow Rd Enid OK 73703 730952624 501(c)(3) 5500 0 General operating expenses Saint James Catholic School 1224 SW 41st St Oklahoma City OK 73109 730685462 501(c)(3) 5583 0 General operating expenses Saint James the Greater Parish - OKC 4201 S McKinley Ave Oklahoma City OK 731093120 730685462 501(c)(3) 6600 0 General operating expenses Saint John Nepomuk School - Yukon 600 S Garth Brooks Blvd Yukon OK 730993504 730758650 501(c)(3) 27704 0 General operating expenses Saint John's Catholic School 583 W Grand Ave Ste B Hot Springs AR 71901 710539026 501(c)(3) 45901 0 General operating expenses Saint Joseph Parish - Norman PO Box 1227 Norman OK 73070 730720787 501(c)(3) 19743 0 General operating expenses Saint Joseph Catholic Church - Tonkawa PO Box 525 Tonkawa OK 74653 208650826 501(c)(3) 17070 0 General operating expenses Saint Joseph School - Enid PO Box 3527 Enid OK 73702 730608175 501(c)(3) 77330 0 General operating expenses Saint Mary Catholic Parish - Clinton PO Box 1295 Clinton OK 736011295 730713426 501(c)(3) 34000 0 General operating expenses Saint Mary Catholic School - Ponca City 415 South 7th Street Ponca City OK 746015544 730638646 501(c)(3) 25990 0 General operating expenses Saint Mary Parish - Guthrie PO Box 1556 Guthrie OK 730441556 730993333 501(c)(3) 7395 0 General operating expenses Saint Mary Parish - Ponca City 408 South 8th Street Ponca City OK 746015551 730638646 501(c)(3) 9750 0 General operating expenses Saint Patrick Parish - OKC 2121 N Portland Ave Oklahoma City OK 73107 730642606 501(c)(3) 12000 0 General operating expenses Saint Paul the Apostle Parish - Del City 3901 S Sunnylane Rd Del City OK 731153635 730750946 501(c)(3) 12825 0 General operating expenses Saint Philip Neri Catholic School 1121 Felix Place Midwest City OK 73110 730678255 501(c)(3) 8450 0 General operating expenses Saint Thomas More University Parish - Norman 100 Stinson St Norman OK 730726517 730715590 501(c)(3) 9400 0 General operating expenses The Catholic School of Saint Eugene 2400 W Hefner Rd Oklahoma City OK 731560930 730710866 501(c)(3) 6500 0 General operating expenses Willow PO Box 94533 Oklahoma City OK 73143 237350798 501(c)(3) 9690 0 General operating expenses 50 0 College Scholarships 46 141238 Part I, Line 2: Grants to Organizations includes an application from the parish or school. A committee comprised of board members evaluates the completed applications. The selection and award amounts are presented to the board for approval. Grant agreements are required back from the parish and school and grant awards are sent. Grant impact reports are due back within one year. The Catholic Foundation of Oklahoma, Inc. awards college scholarships to qualified Catholic high school seniors from within the Archdiocese of Oklahoma City. All applicants complete the same online form; the Scholarship Committee determines the scholarship to be awarded to the selected recipients. Scholarships are paid directly to the educational institutions for the benefit of the individual recipient. Guidelines for eligibility and renewals: Applicant must be a graduating high school senior or a University of Oklahoma medical student. Applicant must be a registered, active member of a Catholic parish in the Archdiocese of Oklahoma City. Applicant must show scholastic ability and financial need. Applicant must be enrolling as a full-time student (minimum of 12 enrolled hours per semester). Scholarship recipients must maintain a 3.0 cumulative grade point average. A recommendation form will be sent to the applicant's pastor. Annual distributions from endowments are made based on a spending policy approved by the Board of Directors. FY23 4% was approved. 0 0 0 0 0 0 0 0 0 Peter L de Keratry Executive Director 0 192861 0 250 0 38975 0 22009 0 24622 0 278717 0 0 Schedule J, Part II and Form 990, Part VII, Line 5: Peter de Keratry, Executive Director, is compensated by the Archdiocese of Oklahoma City, a related organization. Compensation shown on Schedule J, Part II is Peter's 2022 W-2 compenstion. Catholic Foundation of Oklahoma reimburses 50% of Peter's total compensation to the Archdiocese of Oklahoma City for services provided to Catholic Foundation of Oklahoma. Form 990, Part VI, Section A, line 1a The Executive Committee consists of five directors, all of whom must be members of the Roman Catholic Church, and consists of the Immediate Past President, President, and Vice President (provided such persons are also directors) plus two additional directors appointed by a majority vote of all of the directors with the approval of the Sole Member. The Executive Committee may meet at stated times or on notice to all of its members. During intervals between meetings of the Board of Directors, the Executive Committee may generally perform the duties and exercise the authority of the Board of Directors, except that the Executive Committee may not (a) adopt, amend, or repeal any provision of the Certificate of Incorporation or Bylaws, (b) fill Board vacancies, (c) change the membership of, or fill vacancies in, the Executive Committee, or (d) amend or repeal any resolution of the Board. The Executive Committee reports on its actions at the next meeting of the Board of Directors. Form 990, Part VI, Section A, line 2 Most Reverend Paul Coakley, David Johnson, Peter L. de Keratry have a business relationship. Form 990, Part VI, Section A, line 4 The Bylaws were amended in May 2023. Article III 3.1 If the Archbishop if impeded (as determined by the Code of Canon Law) or if the office of Archbishop is vacant, then the person who, under the Code of Canon Law, stands in his place shall exercise all authority given to the Sole Member under these Bylaws until the Archbishop is no longer impeded or a successor archbishop is appointed and takes possession of the Archdiocese. Membership in the Corporation is not transferable or assignable, except by succession to the religious office of the Archbishop. 3.2 The following actions require written approval/ratification by the Sole Member of actions taken by the Board of Directors. (a) amendment or restatement of the Certificate of Incorporation or the Bylaws of the Corporation; (b) merger, consolidation, combination, or conversion of the Corporation with or into any other entity, enterprise, agency, or body; sale of all or substantially all of the assets of the Corporation; acquisition of the Corporation by any other entity or enterprise; or converting the Corporation into any other form of entity; (c) selection of independent auditors of the Corporation; (d) the appointment of new members of the Board of Directors of the Corporation; (e) the appointment of the Executive Director; (f) dissolution, liquidation, or termination of the business of the Corporation; (g) any change in the purposes of the Corporation; (h) any decision to file a voluntary petition under any law involving the adjudication of the Corporation as bankrupt or insolvent or taking any action with respect to the reorganization of the Corporation; (i) acquisition by purchase, lease or otherwise of any real property; (j) sale, conveyance, assignment, or other transfer of any real property; (k) transactions involving an amount, which in the sole determination of the Corporate Member exceeds canonical limits according to the norms of the Congregation for Clergy; (l) mortgaging, pledging or causing any other lien to be placed on any real property of the Corporation; (m) making of any capital improvements, alterations or changes in or to any property of the Corporation, except for such matters as may be provided for in the applicable annual budget; (n) institution, prosecution, settlement, compromise and dismissal of lawsuits or other judicial or administrative proceedings brought on behalf of, or against, or involving the Corporation, other than the institution and prosecution of lawsuits in the ordinary course of business; (o) any agreement, contract, understanding or other arrangement providing for any of the foregoing; and (p) additionally, the Sole Member, on his own initiative, with or without prior action by the Board of Directors, may remove any member of the Board of Directors of the Corporation for statements or actions inconsistent the "Board of Directors Commitment or for extraordinary reasons explained in writing to the Board member, such writing to constitute an irrebuttable presumption that the reason is extraordinary. Article IV 4.2 The number of directors shall always include the Sole Member. The number of directors shall also include the Chancellor of the Archdiocese and one additional member appointed by the Sole Member, each of whom shall serve as ex-officio directors. 4.3 Other than the Sole Member and the ex officio directors, the directors shall be elected or designated to serve for terms of three years and until their successors are elected and have qualified. The successors to the class of directors whose term are expiring shall be elected to hold office for a term expiring at the third succeeding annual meeting and until his or her successor has been duly elected and has qualified, except in case of a decrease in the number of directors. Article V 5.1 The Sole Member shall be the Board Chair. At each annual meeting, the Board of Directors shall elect such officers of the Corporation (other than the Board Chair) as may be necessary to enable the Corporation to sign instruments that comply with the Oklahoma General Corporation Act. Officers shall include a Board Chair, an Immediate Past President, a President, a Vice President, a Secretary-Treasurer, an Executive Director, and other officers with other titles, including Assistant Secretaries and Assistant Treasurers. 5.2 The Board of Directors may remove any officer (other than the Board Chair) at any time whenever in its judgment removal would serve the best interests of the Corporation. The Board of Directors may fill a vacancy in any office. 5.4 Removed the language, "The Board Chair shall regularly report to the Board of Directors on the business and affairs of the Corporation and the performance of Corporation functions." 5.6 Changed the title of President-Elect to Vice President. The Vice President shall perform the duties and discharge the responsibilities of the President. 5.8 The Executive Director shall be a member of the Roman Catholic Church and shall perform such duties as the Board of Directors, the Board Chair, or the President may assign. The Executive Director shall (a) supervise the business of the Corporation and direct the affairs and policies of the Corporation, subject to any directions that may be given by the Board of Directors. The Executive Director will report to, and the Executive Director's performance will be evaluated by, the Board Chair or his designee in consultation with the Governance Committee of the Board of Directors. Form 990, Part VI, Section A, line 6 The Archbishop of the Archdiocese of Oklahoma City is designated as the Sole Member of the Foundation. If the Archbishop is impeded (as determined by the Code of Canon Law) or if the office of Archbishop is vacant, then the person who, under the Code of Canon Law, stands in his place shall exercise all authority given to the Sole Member under these Bylaws until the Archbishop is no longer impeded or a successor Archbishop is appointed and takes possession of the Archdiocese. Membership in the Corporation is not transferable or assignable, except by succession to the religious office of the Archbishop. Form 990, Part VI, Section A, line 7a The Archbishop of the Archdiocese of Oklahoma City, Sole Member of the Corporation, shall elect the individuals to serve as Directors of the Corporation at the annual meeting of the Board of Directors. Form 990, Part VI, Section A, line 7b The following actions require written approval/ratification by the Sole Member of actions taken by the Board of Directors. (a) amendment or restatement of the Certificate of Incorporation or the Bylaws of the Corporation; (b) merger, consolidation, combination, or conversion of the Corporation with or into any other entity, enterprise, agency, or body; sale of all or substantially all of the assets of the Corporation; acquisition of the Corporation by any other entity or enterprise; or converting the Corporation into any other form of entity; (c) selection of independent auditors of the Corporation; (d) the appointment of new members of the Board of Directors of the Corporation; (e) the appointment of the Executive Director; (f) dissolution, liquidation, or termination of the business of the Corporation; (g) any change in the purposes of the Corporation; (h) any decision to file a voluntary petition under any law involving the adjudication of the Corporation as bankrupt or insolvent or taking any action with respect to the reorganization of the Corporation; (i) acquisition by purchase, lease or otherwise of any real property; (j) sale, conveyance, assignment, or other transfer of any real property; (k) transactions involving an amount, which in the sole determination of the Corporate Member exceeds canonical limits according to the norms of the Congregation for Clergy; (l) mortgaging, pledging or causing any other lien to be placed on any real property of the Corporation; (m) making of any capital improvements, alterations or changes in or to any property of the Corporation, except for such matters as may be provided for in the applicable annual budget; (n) institution, prosecution, settlement, compromise and dismissal of lawsuits or other judicial or administrative proceedings brought on behalf of, or against, or involving the Corporation, other than the institution and prosecution of lawsuits in the ordinary course of business; (o) any agreement, contract, understanding or other arrangement providing for any of the foregoing; and (p) additionally, the Sole Member, on his own initiative, with or without prior action by the Board of Directors, may remove any member of the Board of Directors of the Corporation for statements or actions inconsistent the "Board of Directors Commitment or for extraordinary reasons explained in writing to the Board member, such writing to constitute an irrebuttable presumption that the reason is extraordinary. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Secretary/Treasurer and the Executive Director before it is filed. It is available for board member review upon request or at the next scheduled board meeting. Form 990, Part VI, Section B, line 12c All board members are covered by the policy, the board determines the conflict initially but it may be escalated to the Archbishop if necessary. When a conflict has been determined the person with a conflict abstains from voting on the matter or resigns from the board if the conflict is ongoing. Form 990, Part VI, Section B, line 15b Compensation for the Executive Director is determined by the Archbishop of the Archdiocese of Oklahoma City. The Accountant's compensation is determined on an annual basis by the Board of Directors using an annual evaluation and comparability data. There is contemporaneous substantiation of the deliberation and decision. Form 990, Part VI, Section C, line 19 Documents made available upon request Form 990, Part VII: Peter de Keratry, Executive Director, is compensated by the Archdiocese of Oklahoma City, an unrelated organization, for services to Catholic Foundation of Oklahoma. The Foundation does not prepare and submit his Form W-2. Form 990, Part XI, line 9: Life Insurance Cash Value Change 22,099. Change in Annuities Valuation 118,194. Archdiocese of Oklahoma City 7501 Northwest Expressway Oklahoma City OK 73132 730632924 Church, Priest offices and schools OK 501(c)(3) Line 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 1