2024-07-14T19:24:40-05:00 2023-08-31 BDO USA 100 SE 2ND STREET SUITE 1700 MIAMI FL 33131 990 2022-09-01 113798061 Roman Catholic Archdiocese Of Nassau FOUNDATION INC (RCAN FOUNDATION) % MS SHANTA COLEBROOKE ROMA 2423564114 110 Merrick Way Coral Gables FL 33131 MS SHANTA COLEBROOK CFO 2423564114 2024-07-12 true MS SHANTA COLEBROOK 999009999 Leif Novie CFA P00548257 3053818000 2 2022 2023-04-26 12:10:37Z MS SHANTA COLEBROOK 110 Merrick Way Coral Gables FL 33131 9174126 false X N/A X 2006 FL SEE SCHEDULE O 4 4 0 4 0 0 724724 898386 0 0 297437 508545 0 0 1022161 1406931 1512136 1435971 0 0 0 0 0 0 0 451628 532004 1963764 1967975 -941603 -561044 9698453 9607434 16939 30198 9681514 9577236 X SEE SCHEDULE O false false 1810791 1435971 0 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU, BAHAMAS THROUGH FUNDRAISING AND HOLDING FUNDS TO SUPPORT THE CHURCH'S MISSION. THE ORGANIZATION MAINTAINS THREE FUNDS TO ACHIEVE ITS AIM: 1. BUILDING FUND - SUPPORT BUILDING PROJECTS, 2. ENDOWMENT FUND - PROVIDE INCOME FOR ARCHDIOCESAN OPERATIONS, 3. INSURANCE FUND - PROVIDE PARTIAL INSURANCE COVERAGE FOR ALL PARISHES, SCHOOLS, INSTITUTIONS, AND AGENCIES COMPRISING THE ARCHDIOCESE OF NASSAU. 1810791 true true false false false false false false false true false false false false false false false false false true false true false false false false false false true false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 4 4 false false false false true true true true true false false true true true true true true false false false X MS SHANTA COLEBROOKE 2423228919 PO BOX N-8187 NASSAU BF X MOST REV PATRICK C PINDER PRESIDENT 1.0 40.0 X X 0 12925 109770 Ms Shanta Colebrooke CHIEF FINANCIAL OFFICER 1.0 40.0 X 0 72838 13746 KENNETH SCHWANGER VICE PRESIDENT 1.0 0.0 X X 0 0 0 ANDREW ANDERSON TREASURER 1.0 0.0 X X 0 0 0 J PATRICK FITZGERALD ESQ SECRETARY 1.0 0.0 X X 0 0 0 0 85763 123516 0 false false false 0 898386 898386 0 462642 0 462642 0 0 0 0 0 7813098 7767195 45903 45903 45903 0 0 0 0 0 0 0 0 0 0 1406931 0 508545 0 0 46813 46813 1389158 1389158 0 0 0 0 0 0 0 0 14017 14017 22351 22351 0 0 116747 116747 0 0 0 0 0 0 0 0 0 0 0 0 0 EXPENSES PAID TO ARCHDIOCESE 374820 374820 BANK FEES 4069 4069 1967975 1810791 157184 0 314670 0 613463 731786 0 0 4464 9066 0 0 0 0 0 0 0 0 0 0 0 0 8765856 8866582 0 0 0 0 0 0 0 0 9698453 9607434 16939 30198 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16939 30198 X 9237200 9069952 444314 507284 9681514 9577236 9698453 9607434 -561044 456766 X X false false false X X 1 ROMAN CATHOLIC ARCHDIOCESE OF NASSAU 000000000 1 false 1810792 0 1 1810792 0 true true false true true false false false false false false false false false false false false true false SCHEDULE A, PART IV, SECTION A, LINE 2: THE ORGANIZATION DETERMINED THAT THE SUPPORTED ORGANIZATION, THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU BAHAMAS, IS AN ASSOCIATON OF CHURCHES, AN ORGANIZATION DESCRIBED UNDER SECTION 170(B)(1)(A)(I), AS AN ORGANIZATION DESCRIBED UNDER 509(A)(1). SCHEDULE A, PART IV, SECTION A, LINE 4B: THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU FOUNDATION, INC. HAS HISTORICALLY CONTROLLED ITS GRANT MAKING THROUGH OVERSIGHT BY ITS BOARD OF DIRECTORS AND DIRECTED ALL OF ITS GRANTS TO MINISTRIES OF THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU. THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU IS A RELIGIOUS ORGANIZATION UNDER WHICH ALL ROMAN CATHOLIC ORGANIZATIONS IN THE ARCHDIOCESE OF NASSAU OPERATE UNDER THE CONTROL OF ARCHBISHOP PATRICK C. PINDER. CONTROLS ARE IN PLACE BY THE ARCHDIOCESE OF NASSAU AUDIT SUB-COMMITTEE TO ENSURE THAT THE LOCAL REQUIREMENTS IN THE BAHAMAS AND THE UNITED STATES ARE MET AS IT RELATES TO FUNDS RECIEVED BY THE ARCHDIOCESE OF NASSAU. THERE IS ALSO A FINANCE COMMITTEE THAT REVIEWS THE FINANCES OF BOTH THE FOUNDATION AND THE ARCHDIOCESE TO ENSURE PROPER ACCOUNTING AND CONTROLS ARE FOLLOWED. IN ORDER TO ESTABLISH AN ADDITIONAL LEVEL OF CONTROL, THE FOUNDATION HAS AMENDED ITS BYLAWS, AS OF FEBRUARY 2016, TO SPECIFICALLY PROVIDE ABSOLUTE DISCRETION TO THE BOARD OF DIRECTORS TO: A. APPROVE OR REFUSE ALL GRANTS AND PERIODIC ACCOUNTINGS FROM RECIPIENTS TO SHOW HOW ALL FUNDS WERE EXPENDED; B. THE BOARD OF DIRECTORS SHALL REVIEW ALL REQUESTS FOR FUNDS FROM OTHER ORGANIZATIONS, SHALL REQUIRE THAT SUCH REQUESTS SPECIFY THE USE TO WHICH THE FUNDS WILL BE PUT, AND, IF THE BOARD APPROVES THE REQUEST, SHALL AUTHORIZE PAYMENTS OF THE FUNDS TO THE APPROVED GRANTEE; C. THE BOARD SHALL REQUIRE THAT THE GRANTEE FURNISHES A PERIODIC ACCOUNTING TO SHOW THAT THE FUNDS WERE EXPENDED FOR THE PURPOSES APPROVED BY THE BOARD; D. THE BOARD MAY, IN ITS ABSOLUTE DISCRETION, REFUSE TO MAKE ANY GRANTS OR CONTRIBUTIONS OR OTHERWISE RENDER FINANCIAL ASSISTANCE FOR ANY OR ALL PURPOSES FOR WHICH FUNDS WERE REQUESTED; AND E. AFTER THE BOARD HAS APPROVED A GRANT TO AN ORGANIZATION FOR A SPECIFIC PROJECT OR PURPOSE, THE CORPORATION MAY SOLICIT FUNDS FOR THE GRANT TO THE SPECIFICALLY APPROVED PROJECT OR PURPOSE OF THE OTHER ORGANIZATION; AT ALL TIMES, HOWEVER, THE BOARD HAS THE RIGHT TO WITHDRAW APPROVAL OF THE GRANT AND TO USE THE FUNDS FOR OTHER CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES. SCHEDULE A, PART IV, SECTION A, LINE 4C: THE COMPLETION OF THE REQUIREMENT FOR THE FORM 990 AND PREPARATION OF ANNUAL FINANCIAL STATEMENTS IN ACCORDANCE WITH US GAAP STANDARDS ARE PREPARED TO ENSURE THAT WE MEET ALL REGULATORY REQUIREMENTS INCLUDING THOSE OF THE IRS. THE BOARD OF DIRECTORS ALSO REVIEWS DONORS AND RECIPIENTS IN ORDER TO ENSURE THAT THE FUNDS GRANTED ARE USED EXCLUSIVELY FOR CHARITABLE PURPOSES DESCRIBED IN SECTION 170(C)(2)(B). THERE ARE ALSO CONFLICT OF INTEREST REQUIREMENTS FOR THE BOARD OF DIRECTORS AND THE FINANCIAL OFFICER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4695886 79589 442143 333758 56923 4826937 5582600 40000 -605242 259479 61993 4695886 4698371 350000 947454 350000 63225 5582600 4536696 57693 194670 29533 61156 4698370 4711300 28004 64398 199274 68272 4536156 1.00000 false false Central America and the Caribbean SEE PART IV 1350451 Europe (Including Iceland and Greenland) SEE PART IV 33208 Central America and the Caribbean 5500 3 0 SCHEDULE F, PART II, PURPOSE OF GRANTS: 1. NAME: Roman Catholic Archdiocese of Nassau PURPOSE OF GRANT: Operating Expenses For Programs and Services of the Archdiocese of Nassau 2 . NAME: JTB EUROPE LIMITED PURPOSE OF GRANT : Expenses for World Scholars Trip 2023 Aquinas College 15. NAME: APOSTOLIC NUNICIATURE PURPOSE OF GRANT : Antilles Episcopal - Conference true Pension Payment - Retired Priest 3 46813 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION, GUIDED BY GOSPEL VALUES, RAISES FUNDS, MAKES GRANTS, AND MANAGES TO FOSTER PHILANTHROPY AND ADVANCE THE PRIORITIES IN THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE PRIMARY OBJECTIVE OF THE ORGANIZATION IS TO FOSTER RELIGIOUS AND SPIRITUAL SERVICES AND ACT AS A FOREIGN MISSION SOCIETY FOR THE ARCHDIOCESE OF NASSAU, BAHAMAS INCLUDING BUT NOT LIMITED TO PROVIDING SPIRITUAL, PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE PEOPLE OF THE BAHAMAS, AND TO MANAGE, OPERATE, AND GENERALLY DO EVERYTHING AND ANYTHING NECESSARY, EXPEDIENT OR INCIDENTAL TO THE MAINTAINING OF CATHOLIC RELIGIOUS ACTIVITIES IN THE BAHAMAS. FORM 990, PART VI, SECTION A, LINE 6: THE SOLE MEMBER OF THE ORGANIZATION IS THE MOST REVEREND PATRICK C. PINDER, STD, ARCHBISHOP OF THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU. FORM 990, PART VI, SECTION A, LINE 7A: THE SOLE MEMBER HAS THE POWER TO ELECT OR APPOINT ANY AND ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B: THE SOLE MEMBER HAS THE FOLLOWING RIGHTS: 1. THE RIGHT TO APPOINT LEGAL COUNSEL; 2. THE RIGHT TO APPOINT THE EXTERNAL AUDITOR; 3. THE RIGHT TO APPROVE THE CAPITAL AND OPERATING BUDGETS; 4. THE RIGHT OF PRIOR APPROVAL OF THE OPERATING PHILOSOPHY OF THE CORPORATION AND ANY PROPOSED CHANGES THERETO; 5. THE RIGHT TO REQUIRE PRIOR EXPRESS WRITTEN APPROVAL OF ANY LEASE, SALE, OR ENCUMBRANCE OF CORPORATE PROPERTY; 6. THE RIGHT TO APPROVE ANY PROPOSED MERGER OR DISSOLUTION OF THE CORPORATION; AND 7. THE RIGHT TO ELECT OR APPOINT ANY AND ALL OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: THE FOUNDATION'S FORM 990 IS REVIEWED BY THE PRESIDENT, VICE PRESIDENT, AND TREASURER OF THE FOUNDATION, AS WELL AS BY EXECUTIVE PERSONNEL OF ITS PARENT AND SUPPORTED ORGANIZATION, ROMAN CATHOLIC ARCHDIOCESE OF NASSAU. EACH MEMBER OF THE BOARD OF DIRECTORS WAS PROVIDED WITH A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: EACH OFFICER, DIRECTOR, TRUSTEE, AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT AND POSITION WITH THE ARCHDIOCESE, WHICH IS THE PARENT OF THE FOUNDATION. THE ARCHDIOCESE MONITORS COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE SUBMITTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. THE QUESTIONNAIRE IS THEN REVIEWED BY THE LEGAL DEPARTMENT TO ENSURE COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY. SHOULD A CONFLICT ARISE, THE BOARD WILL VOTE ON POSSIBLE ALTERNATIVES THAT WOULD BE ADVANTAGEOUS TO THE ARCHDIOCESE AND NOT GIVE RISE TO CONFLICTS. IF A CONFLICT IS NOT DISCLOSED, THE INTERESTED PERSON WILL BE SUBJECT TO DISCIPLINARY AND CORRECTIVE ACTIONS. ALL CONFLICTS WILL BE RECORDED IN THE BOARD MEETING MINUTES IN WHICH THEY ARE DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15: THE SALARIES PAID TO ANY OF THE FOUNDATION'S OFFICERS, DIRECTORS, OR KEY EMPLOYEES ARE PAID BY THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU. THESE GUIDELINES ARE IN PLACE FOR THE EMPLOYEES OF THE ARCHDIOCESE, BUT ARE ALSO APPLIED TO ANY EMPLOYEES OF THE FOUNDATION. THE PROCESS USED FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS IS CONDUCTED UNDER THE GUIDELINES SET FORTH BY THE ROMAN CATHOLIC ARCHDIOCESE OF NASSAU. A SALARY SUB-COMMITTEE, AS PART OF THE ARCHDIOCESAN FINANCE COMMITTEE, RECOMMENDS SALARY INCREASES. THESE INCREASES ARE USED AS MINIMUM AND MAXIMUM THRESHOLDS. THE EXACT PERCENTAGE IS THEN DECIDED BY THAT EMPLOYEE'S WORK GROUP AND APPROVED BY THE FOUNDATION'S PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. COPIES ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII: MOST REV. PATRICK C. PINDER AND MS. SHANTA COLEBROOKE, CFO, WERE PAID BY A RELATED ENTITY OUTSIDE THE UNITED STATES AND DID NOT MEET THE FORM W-2 REPORTING REQUIREMENTS IN THE U.S. AS SUCH, AMOUNTS PAID TO THE ARCHBISHOP AND MS. SHANTA COLEBROOKE ARE REPORTED IN PART VII, SECTION A, COLUMN (F). FORM 990, PART XII, LINE 2B: THE ORGANIZATION'S FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31, 2023 ARE IN THE PROCESS OF BEING AUDITED BY AN INDEPENDENT ACCOUNTANT AND THE AUDIT IS EXPECTED TO BE COMPLETED BY AUGUST 31, 2024. 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