2024-04-19T12:49:36-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 451740219 The Catholic Foundation for the Archdiocese of Dubuque CATH 5635562580 120 5th St NW Cedar Rapids IA 52405 Michele Brock Executive Director 5635562580 2024-04-19 1 Michele Brock 999009999 1 Kim Hunwardsen CPA P00484560 6122536500 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z The Catholic Foundation in the Archdiocese of Dubuque Michele Brock 120 5th St NW Cedar Rapids IA 52405 20567066 0 X www.ourcfad.org X 2011 IA Multiply charitable resources for maximum benefit to our Catholic community. 13 13 2 13 0 0 5482014 5401987 827436 817121 4391412 3891467 0 0 10700862 10110575 3161832 2420101 0 0 176275 215221 0 0 28956 916161 955517 4254268 3590839 6446594 6519736 127453113 146802110 26927678 33212644 100525435 113589466 X Multiply charitable resources for maximum benefit to our Catholic community. 0 0 3268464 2420101 817121 The Catholic Foundation in the Archdiocese of Dubuque (CFAD) assists donors who wish to make a meaningful and lasting impact for Catholic organizations and those served by those organizations through the Spiritual and Corporal Works of Mercy. CFAD serves those in the 30 counties in northeast Iowa that make up the Archdiocese of Dubuque in three ways: charitable planning, investing, and grantmaking services.CFAD is separate from, yet collaborative with, the Archdiocese Chancery and holds endowments for many of the Catholic parishes, schools, cemeteries, social services and other Catholic organizations. Statement continued on Schedule O...We work with donors who want their Catholic values perpetuated in a legacy gift and help them structure that in the best way for them, their family and the organization(s) they want to benefit. CFAD works with Catholic organizations, their donors and donors' advisors through its legacy planning services. In FY2023, six new organizations began the Legacy Planning Toolkit program through CFAD. More than 1,700 individuals sought information through CFAD's services regarding charitable giving.CFAD invests legacy gifts, donor advised funds and organization trust accounts in Catholic responsible choices. In FY2023, 45 new endowment funds and six new agency trust accounts were added. Additionally, one future planned fund was established.Through donor agreements, CFAD grants legacy gifts as donors intend. In FY2023, $3,870,296 in grants were given from 195 funds to 141 organizations. The amount of grants to others in Part IX, line 1 represents distributions taken. Some organizations choose to not take a distribution but rather reinvest. These organizations are not reflected in the grant total.CFAD's vision is to endow financial support for our Catholic community; in other words, CFAD aims to sustain our Catholic organizations so that they can always carry out their missions to meet both spiritual and basic human needs in a manner that reflects Catholic values. 3268464 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Michele Brock 5635520176 120 5th St NW Cedar Rapids IA 52405 Brian McConnell Chair 0.50 X X 0 0 0 Kim Berns Vice Chair 0.50 X X 0 0 0 Kathy Mersch Treasurer 0.50 X X 0 0 0 Sarah Smith Secretary 0.50 X X 0 0 0 John Fink Director 0.50 X 0 0 0 Maureen Gronstal Director 0.50 X 0 0 0 Louis Hagarty Director 0.50 X 0 0 0 Archbishop Michael Jackels Director (July-April) 0.50 X 0 0 0 Brian Kane Director 0.50 X 0 0 0 Tricia Lenz Director 0.50 X 0 0 0 Pat Leonard Director 0.50 X 0 0 0 Kirk Sadilek Director 0.50 X 0 0 0 LuAnn Scholbrock Director 0.50 X 0 0 0 Bishop Richard Pates Director starting April 0.50 X 0 0 0 Michele Brock Executive Director 40.00 X 107194 0 16963 107194 0 16963 1 0 0 0 0 5401987 5401987 Administration Fees 561000 794630 794630 Program Fees 561000 22475 22475 16 16 817121 2781651 2781651 11566307 10456491 1109816 1109816 1109816 10110575 817121 0 3891467 2420101 2420101 135769 46161 62454 27154 59224 26059 33165 2942 1295 1647 4575 2013 2562 12711 4692 6217 1802 10900 10900 134286 134286 123739 123739 27858 27858 20564 12871 7693 7200 7200 6464 6464 199 199 3321 3321 Administrative expense 620986 620986 3590839 3268464 293419 28956 188606 151784 1778866 3277920 3841 314 5569 6023 994 315 878 679 104747536 120045841 20727817 23319549 127453113 146802110 49792 113795 26877886 33098849 26927678 33212644 X 100525435 113589466 100525435 113589466 127453113 146802110 6519736 6544295 0 X 0 1 X 1 0 X 9545426 3125257 5580104 5482014 5401987 29134788 9545426 3125257 5580104 5482014 5401987 29134788 29134788 1604593 1982457 2332366 3204742 2781651 11905809 41040597 3507978 0.70990 0.85730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 96711 1 1 0 1 X 99874123 5400862 10203065 2420101 618247 112439702 111939326 6113948 -14195055 3319468 664628 99874123 0.01580 0.98300 0.00120 0 0 994 315 679 679 Annuity/Life Insurance 4000000 F Investments in Alternative Investment Grantor Trust 19319549 F 23319549 X 1057480 98681 98681 958799 134286 9017490 9151776 10110575 450872 0 450872 134286 3005681 3139967 3590839 Part IV, Line 2b: Funds Held in Trust represents funds that have been transferred to the Foundation, but ownership is retained by the Trustor. Investment income and distributions of these funds are not considered revenues or expenses of the Foundation. Agency funds ArchdioceseOne The Foundation has agreed to collect and track promises to give and cash receipts related to the ArchdioceseOne appeal. Amounts pledged, as well as amounts received and not yet remitted to the respective financial beneficiaries of the appeal, are recorded as an agency fund liability. Part V, Line 4: The Catholic Foundation in the Archdiocese of Dubuque holds permanent and board designated endowments that benefit single and multiple Catholic organizations depending on the type of fund. Its purpose is to provide income for nonprofits indefinitely to help with their stability and growth. 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 4b - Other Adjustments: Designated funds recorded in revenue as contributions on Form 990 5,186,939. Interest income on designated funds recorded as revenue on Form 990 2,734,540. Realized gain on designated funds recorded as revenue on Form 990 1,096,011. Part XII, Line 4b - Other Adjustments: Designated endowment distributions recorded in functional exps on Form 990 2,384,695. Designated endowment fees recorded in functional expense on Form 990 620,986. 1 The Archdiocese of Dubuque 1229 Mt Loretta Avenue Dubuque IA 52003 420680409 501(c)3 571122 0 Operational costs and Masses Catholic Charities 1229 Mt Loretta Avenue Dubuque IA 52003 420680319 501(c)3 330808 0 Mission support Holy Family Church New Hampton 313 W Court St New Hampton IA 50659 420746001 501(c)3 105000 0 Education related expenses of Holy Family Parish St Thomas Aquinas Church Ames 2210 Lincoln Way Ames IA 50014 420698050 501(c)3 98617 0 Operational, student support, and Works of Mercy All Saints Church Cedar Rapids 720 29th St SE Cedar Rapids IA 52403 420698056 501(c)3 88300 0 Operational use and scholarships for students attending All Saints School The Archdiocese of Dubuque Education 1229 Mt Loretta Avenue Dubuque IA 52003 421400348 501(c)3 81818 0 Scholarships and tuition for students in the Archdiocese of Dubuque Mt Calvary Cemetery Association Dubuque 1111 Davis Ave Dubuque IA 52001 420707105 501(c)3 78215 0 Perpetual care, maintenance and repair of Mt. Calvary Cemetery St Joseph Church Marion 1790 14th St Marion IA 52302 420782534 501(c)3 68545 0 Operational costs and tuition assistance of St. Joseph Parish and School Blessed Sacrament Church Waterloo 650 Stephan Avenue Waterloo IA 50701 420681065 501(c)3 54382 0 Operational and educational use for Blessed Sacrament Parish Holy Spirit Parish Dubuque 2215 Windsor Ave Dubuque IA 52001 420738963 501(c)3 52561 0 Educational related expenses for the parish and seminarian education St Joseph the Worker Church Dubuque 60 S Algona St Dubuque IA 52001 420698063 501(c)3 49690 0 Support the educational needs of St. Joseph the Worker Parish community. Cedar Valley Catholic Schools 3231 W 9th St Waterloo IA 50702 420796767 501(c)3 36241 0 Operational costs and tuition assistance to families of Cedar Valley Catholic Schools Aquin Educational System Cascade PO Box 460 Cascade IA 52033 420859383 501(c)3 34477 0 Operational costs and tuition assistance to families of Aquin Catholic Elementary School Don Bosco High School Gilbertville 405 16th Ave Gilbertville IA 50634 420788230 501(c)3 30404 0 General support to Don Bosco Catholic School Seton Catholic Schools Farley 7597 Burds Rd Peosta IA 52068 420939663 501(c)3 28581 0 Operational expenses and tuition scholarships for students attending Seton Catholic School Calvary Cemetery Association Charles City 106 Chapel Ln Charles City IA 50616 420923759 501(c)3 27245 0 Perpetual care, maintenance and repair of Calvary Cemetery Catholic Cemeteries of Waterloo 3912 W 4th Street Waterloo IA 50701 420165873 501(c)3 26540 0 Perpetual care, maintenance and repair of the Catholic Cemeteries of Waterloo St Francis Cemetery of Dyersville 104 3rd St SW Dyersville IA 52040 861091771 501(c)3 26444 0 Perpetual care, maintenance and repair of St. Francis Xavier Cemetery St Raphael Cathedral Dubuque 231 Bluff St Dubuque IA 52001 420703275 501(c)3 26057 0 Provide funds for the Program of Liturgical Music at St Raphael's Cathedral Immaculate Conception Church Gilbertville PO Box 136 Gilbertville IA 50634 420698206 501(c)3 25276 0 Support the educational programs of Immaculate Conception Church Mt Olivet Cemetery Association Dubuque 10556 Military Road Dubuque IA 52003 420426590 501(c)3 25223 0 Perpetual care, maintenance and repair of Mt. Olivet Cemetery St Patrick's Church Cedar Falls 705 Main Street Cedar Falls IA 50613 420703284 501(c)3 24478 0 General operations of the St. Patrick School Immaculate Conception Church Charles City 106 Chapel Ln Charles City IA 50616 420725300 501(c)3 24057 0 Educational programming at the parish St Joseph's Church Bellevue 405 Franklin St Bellevue IA 52031 420718463 501(c)3 21720 0 Assist with education related expenses of St. Joseph's Church St Stephen the Witness Catholic Student Center Cedar Falls 1019 West 23rd Street Cedar Falls IA 50613 421208336 501(c)3 21574 0 Assist with the operational costs of St. Stephen the Witness Student Center at the University of Northern Iowa Basilica of St Francis Xavier Dyersville 104 3rd St SW Dyersville IA 52040 420730353 501(c)3 20675 0 Operational use and scholarships for students attending St. Francis Xavier Catholic Grade School and Beckman Catholic High School Mt Calvary Cemetery Association Cedar Rapids 2310 1st Ave NE Cedar Rapids IA 52402 420698296 501(c)3 19306 0 Perpetual care, maintenance and repair of Mt. Calvary Cemetery St Aloysius Church Calmar St Teresa of Calcutta PO Box 819 Calmar IA 52132 420761054 501(c)3 18360 0 Educational needs of St. Aloysius Parish and tuition assistance to students attending St. Teresa of Calcutta School St Joseph's Church Raymond PO Box 136 Gilbertville IA 50634 420681420 501(c)3 18112 0 Support the educational programs of St. Joseph's Church St Anthony Church Dubuque 1870 Saint Ambrose Dubuque IA 52001 420680265 501(c)3 17107 0 Assist with the educational related expenses of St. Anthony Church St Francis Catholic School Marshalltown 310 Columbus Dr Marshalltown IA 50158 420918582 501(c)3 16807 0 Operational uses of St. Francis Catholic School The Sacred Heart Church Maquoketa 200 S Vermont St Maquoketa IA 52060 420725234 501(c)3 14375 0 Assist with the general operational and educational expenses of Sacred Heart Parish St Joseph's Cemetery Association Clinton Township 50 Edgewood Rd NW Cedar Rapids IA 52405 421107117 501(c)3 11833 0 Perpetual care, maintenance, and repair of St. Joseph's Cemetery St Patrick's Church Waukon 109 Second Street SW Waukon IA 52172 420698115 501(c)3 11731 0 Provide for the needs of St. Patrick's School SS Peter and Paul Church Petersburg 104 3rd St SW Dyersville IA 52040 420710266 501(c)3 11133 0 Assist with costs of Catholic education for S.S. Peter and Paul Church parishioners Sacred Heart Church Eagle Grove 608 2nd Ave SE Clarion IA 50525 420680367 501(c)3 10921 0 Operations of the Sacred Heart Church St Luke Church St Lucas PO Box 205 Protivin IA 52163 420757450 501(c)3 10826 0 Assist with the operational costs of St. Luke's Church St Matthias Parish Cascade PO Box 699 Cascade IA 52033 420725147 501(c)3 10658 0 Assist with the educational and operational costs of St. Matthias Parish St John's Cemetery Association Cedar Rapids 2107 J St SW Cedar Rapids IA 52404 420681045 501(c)3 10483 0 Perpetual care, maintenance and repair of St. John's Cemetery Sacred Heart Cemetery Association Monticello 210 E 3rd St Monticello IA 52310 450588164 501(c)3 10392 0 Perpetual care, maintenance and repair of Sacred Heart Cemetery Mt Mercy University Cedar Rapids 1330 Elmhurst Dr NE Cedar Rapids IA 52402 420681046 501(c)3 10000 0 Scholarships St Patrick's Cemetery Association Monona PO Box 1521 Monona IA 52159 743183151 501(c)3 8563 0 Perpetual care, maintenance and repair of St. Patrick's St. Wenceslaus Cemeteries St Francis Church Ossian PO Box 819 Calmar IA 52132 420680343 501(c)3 8092 0 Educational programs of the parish St Boniface Church of New Vienna 104 3rd St SW Dyersville IA 52040 420698229 501(c)3 8037 0 Fund Catholic education Beckman Endowment Corporation Dyersville 1325 9th St Dyersville IA 52040 510179386 501(c)3 7336 0 Education assistance to Beckman High School The Church of the Nativity Dubuque 1225 Alta Vista St Dubuque IA 52001 420707103 501(c)3 6944 0 Scholarships for students, grades K-8, from Nativity Parish attending Catholic schools within the city of Dubuque, IA St Joseph Cemetery Association Bellevue PO Box 6 Bellevue IA 52031 753190801 501(c)3 6767 0 Perpetual care, maintenance and repair of St. Joseph's Cemetery Resurrection Cemetery Association Inc Dubuque 4300 Asbury Rd Dubuque IA 52002 420866728 501(c)3 6332 0 Perpetual care, maintenance, and repair of Resurrection Cemetery Immaculate Cemetery Association Haverhill Iowa 107 S First St Marshalltown IA 50158 420725231 501(c)3 6289 0 Perpetual care, maintenance, and repair of Immaculate Cemetery Holy Family Cemetery Association New Hampton 313 W Court St New Hampton IA 50659 371572644 501(c)3 6000 0 Perpetual care, maintenance, and repair of Holy Family Cemetery St Joseph's Cemetery Association Farley PO Box 286 Epworth IA 52045 861091770 501(c)3 5957 0 Perpetual care, maintenance and repair of St Joseph's Cemetery Association St Mary's Cemetery Association Gilbertville PO Box 136 Gilbertville IA 50634 421395868 501(c)3 5866 0 Perpetual care, maintenance, and repair of St. Mary's Cemetery St Francis of Assisi Parish Marshalltown 107 S First St Marshalltown IA 50158 420822991 501(c)3 5796 0 Operational and educational expenses of St. Francis of Assisi Parish Trinity Catholic School Protivin PO Box 205 Protivin IA 52144 421109802 501(c)3 5767 0 Provide funds for use by Trinity Catholic school Beckman High School Dyersville 1325 9th St Dyersville IA 52040 420923753 501(c)3 5619 0 Service projects, assist with the cost of equipment for STEM related activites, and provide a scholarship Calvary Cemetery Association Cascade PO Box 699 Cascade IA 52033 420698049 501(c)3 5308 0 Perpetual care, maintenance and repair of Calvary Cemetery St Patrick's Church Dubuque 1425 Iowa St Dubuque IA 52001 420772573 501(c)3 5228 0 Provide tuition assistance to students and support education for St. Patrick Parish St Athanasius Cemetery Association Jesup Iowa PO Box 316 Jesup IA 50648 680563797 501(c)3 20032 0 Perpetual care, maintenance, and repair of St. Athanasius Cemetery; educational needs St Mary's Church Manchester 119 West Fayette St Manchester IA 52057 420730358 501(c)3 5074 0 Assist with the educational needs of St. Mary Parish and St. Mary School 59 0 Part I, Line 2: The funds distributed were set up as organization funds, therefore the organizations are the listed beneficiary in the fund agreement. They are required to use the money for a specific purpose and to report back how the funds were used. Form 990, Part VI, Section A, line 1a The Executive Committee consists of a total of four members, the current Chair, Vice Chair, Treasurer and Secretary of the Board of Directors. The current Chair of the Board of Directors shall serve as the Chair of the Executive Committee. The Executive Committee has the authority to act on behalf of the Board of Directors of the Corporation. Action by the Executive Committee requires the affirmative vote of a majority of all duly appointed members. Form 990, Part VI, Section A, line 2 Most Rev. Michael Jackels, Most Rev. Richard Pates, and Michele Brock have a business relationship. Form 990, Part VI, Section A, line 4 Section 4.3 of the Bylaws was updated regarding removal of an Elected Director. d) Removal. An Elected Director may be removed, with or without cause, by the affirmative vote of at least two-thirds of the total number of directors of the Corporation then holding office, either at any regular meeting or at any special meeting called for such purpose. Directors who are absent from two (2) consecutive meetings of the Directors without prior notification of excuse or cause or three (3) meetings in a fiscal year without prior notification of excuse or cause shall be deemed to have resigned from the Board. The Ordinary may not be removed from the Board of Directors. Form 990, Part VI, Section B, line 11b Each Board of Director is provided a copy of the Form 990 before it is filed. The Form 990 is reviewed by the President and the Finance and Audit Committee. Form 990, Part VI, Section B, line 12c The conflict of interest policy establishes the required Board process for entertaining and voting upon any proposed transaction, compensation, gift or other financial arrangement between the Organization and any "interested person" who has a duality of interest or potential conflict with respect to any such transaction, compensation, gift or other financial arrangement. On an annual basis, each interested person signs an affirmation acknowledging his or her receipt of such policy and agreement to abide by its terms. The completed policies are reviewed and discussed by the Board. Any interested person with a conflict is not allowed to vote on the matter. Form 990, Part VI, Section B, line 15a The Executive Director's compensation is approved by the Board of Directors on an annual basis. The Organization uses the Form 990 of similar exempt organizations and compensation surveys and studies for comparability data. The process and determination is documented in the personnel file. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.