Catholic Community Foundation Of Minnesota
- Assets
- $386.7m
- Revenue
- $35.9m
- Investments
- $89.1m
- Employees
- 19
- Location
- St Paul, MN
- Founding
- 04/1994
- Data as of
- 06/2020
- EIN
- 41-1744184
Organization Overview
Catholic Community Foundation Of Minnesota is located in St Paul, MN. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2020, Catholic Community Foundation Of Minnesota employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Catholic Community Foundation Of Minnesota generated $35.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $22.2m during the year ending 06/2020. While expenses have increased by 11.4% per year over the past 6 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 2015, Catholic Community Foundation Of Minnesota has awarded 1,888 individual grants totaling $75,461,806. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FINANCIALLY THE SPIRITUAL, EDUCATIONAL AND SOCIAL NEEDS OF OUR CATHOLIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INSPIRES CATHOLIC PHILANTHROPY AND INVESTS, MANAGES, AND DISTRIBUTES CHARITABLE ASSETS AS GUIDED BY OUR DONORS AND OUR CATHOLIC IDENTITY.THE FOUNDATION FACILITATES PLANNED AND CURRENT GIFTS TO ENDOWMENTS AND DONOR ADVISED FUNDS WHICH FINANCIALLY SUPPORT NEEDS IN OUR CATHOLIC COMMUNITY. IN THE PAST YEAR, OVER 900 CATHOLIC PARISHES, SCHOOLS AND OTHER ORGANIZATIONS BENEFITED FROM NEARLY 3,200 GRANTS FROM THE FOUNDATION, TOTALING $18.0M.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Cullen Miller President | Officer | 40 | $294,980 |
Christopher Nelson VP Of Development & Donor | Officer | 40 | $167,187 |
Casey J Scott VP Of Finance And Administration | Officer | 40 | $146,127 |
Mike Ricci Director - Professional Outreach | 40 | $144,965 | |
Bill Marsella Director Of Parter Relations | 40 | $101,526 | |
Julie K Hurley Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Institutional Trust & Custody Custodial Fees | 6/29/20 | $219,924 |
Lcg Associates Investment Advisor | 6/29/20 | $168,058 |
Nuveen Asset Management Llc Investment Manager | 6/29/20 | $120,228 |
Artisan Partners Investment Manager | 6/29/20 | $222,794 |
Rothschild Asset Management Investment Manager | 6/29/20 | $137,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,282,648 |
| Investment income | $5,406,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,001,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,853,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $916,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $851,521 |
| Pension plan accruals and contributions | $107,289 |
| Other employee benefits | $98,905 |
| Payroll taxes | $102,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,651 |
| Fees for services: Accounting | $47,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,469,976 |
| Fees for services: Other | $60,978 |
| Advertising and promotion | $191,805 |
| Office expenses | $64,801 |
| Information technology | $106,774 |
| Royalties | $0 |
| Occupancy | $117,342 |
| Travel | $4,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,481 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,239,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,039,262 |
| Savings and temporary cash investments | $11,705,937 |
| Pledges and grants receivable | $1,580,849 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,947 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $402,044 |
| Investments—publicly traded securities | $276,877,906 |
| Investments—other securities | $89,126,593 |
| Investments—program-related | $950,891 |
| Intangible assets | $0 |
| Other assets | $3,877,186 |
| Total assets | $386,711,687 |
| Accounts payable and accrued expenses | $868,330 |
| Grants payable | $657,500 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $148,338,852 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $269,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,025,606 |
| Total liabilities | $207,160,188 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $179,551,499 |
Grants Awarded
Over the last fiscal year, Catholic Community Foundation Of Minnesota has awarded $17,098,525 in support to 358 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: CAPITAL IMPROVEMENTS, GENERAL SUPPORT, SCHOLARSHIP FUND, TUITION ASSISTANCE | $1,000,103 |
THE SAINT PAUL SEMINARY PURPOSE: ARCHBISHOP FLYNN CATECHETICAL INSTITUTE, CAMPAIGN GIFT, ENDOWMENT GIFT, GENERAL SUPPORT, MSGR. JEROME QUINN INSTITUTE, ON-GOING CLERGY FORMATION, SCHOLARSHIP FUND, TUITION ASSISTANCE | $937,698 |
Minneapolis, MN PURPOSE: CAMPAIGN GIFT, CORONAVIRUS RESPONSE, GENERAL SUPPORT, MISSION IMPACT GRANT, PROGRAM SUPPORT | $740,388 |
St Paul, MN PURPOSE: CAMPAIGN GIFT, SCHOLARSHIP FUND | $701,240 |
CHURCH OF THE HOLY CROSS PURPOSE: GENERAL SUPPORT, NE CATHOLIC COLLECTIVE'S CATHOLIC SOCIAL TEACHING COURSE, PROFESSIONAL DEVELOPMENT | $554,485 |
Minneapolis, MN PURPOSE: GENERAL SUPPORT | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Catholic Community Foundation Of Minnesota has recieved totaling $236,000.
| Awarding Organization | Amount |
|---|---|
Mcgough Foundation St Paul, MN PURPOSE: GENERAL | $125,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $111,000 |
Endowment Analysis
| Beg. Balance | $121,083,737 |
| Earnings | -$872,410 |
| Net Contributions | $8,497,596 |
| Grants | $3,836,430 |
| Ending Balance | $124,872,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thrivent Charitable Impact & Investing Minneapolis, MN | $523,936,676 | $81,831,339 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $146,536,732 | $45,114,463 |
Catholic Community Foundation Of Minnesota St Paul, MN | $386,711,687 | $35,853,848 |
Madison Community Foundation Madison, WI | $233,128,228 | $43,800,625 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $199,124,298 | $49,695,361 |
Communitygiving St Cloud, MN | $151,351,396 | $17,181,618 |
3m Open Fund Blaine, MN | $4,682,267 | $10,455,827 |
Quad Cities Community Foundation Bettendorf, IA | $156,922,829 | $26,931,536 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $187,433,007 | $18,024,689 |
Community Foundation Of Greater Muscatine Muscatine, IA | $53,351,967 | $30,803,804 |
Community Foundation Of Greater Dubuque Dubuque, IA | $101,435,719 | $25,916,968 |