Catholic Community Foundation Ofmid Michigan
- Assets
- $40.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Saginaw, MI
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4595721
Organization Overview
Catholic Community Foundation Ofmid Michigan is located in Saginaw, MI. The organization was established in 2006. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Catholic Community Foundation Ofmid Michigan employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Community Foundation Ofmid Michigan 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 12/2021, Catholic Community Foundation Ofmid Michigan generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Catholic Community Foundation Ofmid Michigan has awarded 144 individual grants totaling $6,354,540. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE AND ADMINISTER FUNDS AND TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF THE ROMAN CATHOLIC DIOCESE OF SAGINAW, MICHIGAN AND THE PEOPLE IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FINANCIALLY ASSIST THE CATHOLIC SCHOOLS IN THE DIOCESE OF SAGINAW.
TO FINANCIALLY ASSIST CHARITABLE ORGANIZATIONS IN THE DIOCESE OF SAGINAW.
TO FINANCIALLY ASSIST THE CATHOLIC PARISHES IN THE DIOCESE OF SAGINAW.
TO FINANCIALLY ASSIST THOSE IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Smith Executive Di | OfficerTrustee | 40 | $93,790 |
Robert Sasiela Treasurer | OfficerTrustee | 1 | $0 |
Michael Shabluk President | OfficerTrustee | 1 | $0 |
Michael Wolohan Vice Preside | OfficerTrustee | 1 | $0 |
Mark Bassett Trustee | Trustee | 1 | $0 |
Rev William Rutkowski Bishop Liais | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $791,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $791,050 |
| Total Program Service Revenue | $0 |
| Investment income | $599,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,645,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,035,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,911,306 |
| Grants and other assistance to domestic individuals. | $110,642 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,541 |
| Compensation of current officers, directors, key employees. | $25,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,416 |
| Pension plan accruals and contributions | $6,567 |
| Other employee benefits | $18,066 |
| Payroll taxes | $10,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,472 |
| Fees for services: Accounting | $53,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,557 |
| Fees for services: Other | $5,325 |
| Advertising and promotion | $29,803 |
| Office expenses | $5,419 |
| Information technology | $22,199 |
| Royalties | $0 |
| Occupancy | $21,883 |
| Travel | $1,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,207 |
| All other expenses | $0 |
| Total functional expenses | $2,526,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $248,312 |
| Pledges and grants receivable | $847,382 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,220 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,830,663 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,952,577 |
| Accounts payable and accrued expenses | $32,579 |
| Grants payable | $0 |
| 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 | $41,794 |
| Total liabilities | $74,373 |
| Net assets without donor restrictions | $237,547 |
| Net assets with donor restrictions | $39,640,657 |
| 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 | $39,952,577 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation Ofmid Michigan has awarded $1,836,811 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Saginaw, MI PURPOSE: SCHOLARSHIP | $917,400 |
CATHOLIC DIOCESE OF SAGINAW PURPOSE: DIOCESAN PROGRAMS | $250,250 |
Saginaw, MI PURPOSE: SCHOOL OPERATION | $81,657 |
Bay City, MI PURPOSE: SCHOOL OPERATION | $71,844 |
Saginaw, MI PURPOSE: RELIGIOUS EDUCATION | $49,831 |
Bay City, MI PURPOSE: SCHOOL OPERATION | $43,820 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Catholic Community Foundation Ofmid Michigan has recieved totaling $34,207.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $14,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Endowment Analysis
| Beg. Balance | $36,177,217 |
| Earnings | $5,294,054 |
| Net Contributions | $779,637 |
| Grants | $2,610,251 |
| Ending Balance | $39,640,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown Area Jewish Foundation Youngstown, OH | $57,003,895 | $4,586,174 |
Sisters Of Charity Foundation Of Cleveland Cleveland, OH | $104,281,419 | $3,700,315 |
Catholic Foundation Of Michigan Bloomfield Hills, MI | $29,975,322 | $12,618,743 |
Stone Table Inc Plainfield, IN | $3,350,339 | $2,332,694 |
Catholic Community Foundation Ofmid Michigan Saginaw, MI | $39,952,577 | $3,035,436 |
Cpps Heritage Mission Fund Dayton, OH | $17,862,945 | $6,205,362 |
Amish Mutual Mortgage Fund Nappanee, IN | $84,844,116 | $2,126,511 |
Brightmoor Christian Church Endowment Fund Novi, MI | $509,422 | $1,829,016 |
Cabc Usa Inc Waukesha, WI | $822,280 | $1,932,888 |
Our Daily Bread Ministries Foundation Grand Rapids, MI | $34,200,268 | $7,896,868 |
West Michigan Christian Foundation Ada, MI | $4,282,532 | $1,262,702 |
Jewish Senior Services Supporting Organization Sylvania, OH | $15,705,046 | $822,493 |