2023-04-17T16:25:11-05:00 2022-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2021-07-01 451740219 The Catholic Foundation for the Archdiocese of Dubuque CATH 5635562580 120 5th St NW Cedar Rapids IA 52405 Michele Brock Executive Director 5635562580 2023-04-17 1 Michele Brock 999009999 Kim Hunwardsen CPA P00484560 6122536500 2023-04-17 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z The Catholic Foundation in the Archdiocese of Dubuque Michele Brock 120 5th St NW Cedar Rapids IA 52405 28242921 0 X www.ourcfad.org X 2011 IA Multiply charitable resources for maximum benefit to our Catholic community. 13 13 2 13 0 0 5580104 5482014 743819 827436 5455659 4391412 0 0 11779582 10700862 2816397 3161832 0 0 133942 176275 0 0 14102 845848 916161 3796187 4254268 7983395 6446594 141044047 127453113 28080366 26927678 112963681 100525435 X Multiply charitable resources for maximum benefit to our Catholic community. 0 0 3976248 3161832 827436 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 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 FY2022, two new organizations began the Legacy Planning Toolkit program through CFAD. More than 1,600 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 FY2022, 19 new endowment funds, one donor advised fund and 13 new agency trust accounts were added. Additionally, one future planned fund was established.Through donor agreements, CFAD grants legacy gifts as donors intend. In FY2022, $3,327,225 in grants were given from 167 funds to 132 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. 3976248 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 Pat Leonard Vice Chair 0.50 X X 0 0 0 Kim Berns 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 Most Rev Michael Jackels Director 0.50 X 0 0 0 Tricia Lenz Director 0.50 X 0 0 0 Brian Kane Director 0.50 X 0 0 0 Kathy Mersch 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 Sarah Smith Director 0.50 X 0 0 0 Michele Brock Executive Director 40.00 X 103077 0 16468 Richard Runde Treasurer (non-voting) 0.50 X 0 0 0 103077 0 16468 0 0 0 1 0 5482014 5482014 Administration Fees 561000 806104 806104 Program Fees 561000 21327 21327 5 5 827436 3204742 3204742 18728729 17542059 1186670 1186670 1186670 10700862 827436 0 4391412 3161832 3161832 129659 49270 70016 10373 32287 12269 17435 2583 1391 529 751 111 2587 983 1397 207 10351 3933 5590 828 7700 7700 91490 91490 118640 118640 24712 24712 10543 6332 4211 4600 4600 6205 6205 116 116 2545 2545 Administrative expense 649610 649610 4254268 3976248 263918 14102 140686 188606 1645023 1778866 3841 2461 5569 3930 3052 0 878 120274955 104747536 18980922 20727817 141044047 127453113 42153 49792 26393190 25070793 1645023 1807093 28080366 26927678 X 112963681 100525435 112963681 100525435 141044047 127453113 6446594 -18884840 0 X 0 1 X 1 0 X 37906997 9545426 3125257 5580104 5482014 61639798 37906997 9545426 3125257 5580104 5482014 61639798 61639798 1136708 1604593 1982457 2332366 3204742 10260866 71900664 3113515 0.85730 0.89340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 100000 0 89772 1 1 0 1 X 111939326 6113948 -14195055 3319468 664628 99874123 0.00490 0.99510 0.00000 0 0 3930 3052 878 878 Annuity/Life Insurance 4000000 F Investments in Alternative Investment Grantor Trust 16727817 F 20727817 Agency funds - ArchdioceseOne 1807093 1807093 X 834950 -226924 -226924 1061874 91490 9547498 9638988 10700862 359892 0 359892 91490 3802886 3894376 4254268 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. Part V, Line 4: The Catholic Foundation in the Archdiocese of Dubuque holds permanent and board designated endowments that benefit single and multiple Catholic organizaitons depending on the type of fund and its purpose 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 5,200,867. Interest income on designated funds recorded as revenue on Form 990 3,169,427. Realized gain on designated funds recorded as revenue on Form 990 1,177,204. Part XII, Line 4b - Other Adjustments: Designated endowment distributions recorded in functional exps on Form 990 3,153,276. Designated endowment fees recorded in functional expense on Form 990 649,610. 1 The Archdiocese of Dubuque Education Fund 1229 Mt Loretta Avenue Dubuque IA 52003 421400348 501(c)3 954107 0 Scholarships and tuition for students in the Archdiocese of Dubuque Archdiocese of Dubuque 1229 Mt Loretta Avenue Dubuque IA 52003 420680409 501(c)3 526551 0 Assistance with operational costs. Masses for the Wellik and Falada families Archdiocese of Dubuque Seminarian Education Fund 1229 Mt Loretta Avenue Dubuque IA 52003 421400343 501(c)3 232428 0 Assist the Archdiocese of Dubuque with the costs of seminarian education Catholic Charities Foundation 1229 Mt Loretta Avenue Dubuque IA 52003 420680319 501(c)3 197313 0 Assist the Catholic Charities Foundation in carrying out its mission Holy Family Church New Hampton 313 W Court St New Hampton IA 50659 420746001 501(c)3 50000 0 Assist with education related expenses of Holy Family Parish in New Hampton, Iowa St Thomas Aquinas Church Ames Iowa 2210 Lincoln Way Ames IA 50014 420698050 501(c)3 95920 0 Operational, student support, and Works of Mercy All Saints Church Cedar Rapids Iowa 720 29th St SE Cedar Rapids IA 52403 420698056 501(c)3 77880 0 Operational use and scholarships for students attending All Saints School Mt Calvary Cemetery Association Dubuque 1111 Davis Ave Dubuque IA 52001 420707105 501(c)3 69689 0 Perpetual care, maintenance and repair of Mt. Calvary Cemetery, Dubuque, Iowa St Joseph Church Marion Iowa 1790 14th St Marion IA 52302 420782534 501(c)3 58383 0 Operational costs of St. Joseph Parish and School and for tuition assistance to students Blessed Sacrament Church Waterloo 650 Stephan Avenue Waterloo IA 50701 420681065 501(c)3 50443 0 Operational and educational use for Blessed Sacrament Parish Holy Spirit Parish Dubuque 2215 Windsor Ave Dubuque IA 52001 420738963 501(c)3 47972 0 Assist educational related expenses for the parish and seminarian education St Joseph the Worker Church Dubuque Iowa 60 S Algona St Dubuque IA 52001 420698063 501(c)3 46054 0 Support the educational needs of the St. Joseph the Worker Parish community Aquin Educational System Cascade PO Box 460 Cascade IA 52033 420859383 501(c)3 30000 0 Operational costs and tuition assistance of Aquin Catholic Elementary School Cedar Valley Catholic Schools 3231 W 9th St Waterloo IA 50702 420796767 501(c)3 29360 0 Operational costs and tuition assistance of Cedar Valley Catholic Schools Don Bosco High School Gilbertville Iowa 405 16th Ave Gilbertville IA 50634 420788230 501(c)3 28133 0 Provide general support to Don Bosco Catholic School, Gilbertville, Iowa Calvary Cemetery Association Charles City Iowa 106 Chapel Ln Charles City IA 50616 420923759 501(c)3 24876 0 Perpetual care, maintenance and repair of Calvary Cemetery, Charles City, Iowa Catholic Cemeteries of Waterloo 3912 W 4th Street Waterloo IA 50701 420165873 501(c)3 24616 0 Perpetual care, maintenance and repair of the Catholic Cemeteries of Waterloo, Iowa St Raphael Cathedral Dubuque 231 Bluff St Dubuque IA 52001 420703275 501(c)3 24165 0 Provide funds for the Program of Liturgical Music at St Raphael's Cathedral, Dubuque, Iowa Seton Catholic Schools Farley Iowa 7597 Burds Rd Peosta IA 52068 420939663 501(c)3 23677 0 Operational expenses and tuition scholarships for students attending Seton Catholic School St Francis Cemetery of Dyersville Dyersville Iowa 104 3rd St SW Dyersville IA 52040 861091771 501(c)3 23588 0 Perpetual care, maintenance and repair of St. Francis Xavier Cemetery St Cecilia Church Ames Iowa 2900 Hoover Ave Ames IA 50010 420788215 501(c)3 23583 0 Fund church ministries at St. Cecilia Church, Ames, Iowa Immaculate Conception Church Gilbertville Iowa PO Box 136 Gilbertville IA 50634 420698206 501(c)3 23347 0 Support the educational programs of Immaculate Conception Church, Gilbertville, IA Basilica of St Francis Xavier Dyersville Iowa 104 3rd St SW Dyersville IA 52040 420730353 501(c)3 22869 0 Operational use and scholarships for St. Francis Xavier & Beckman Catholic High School St Patrick's Church Cedar Falls 705 Main Street Cedar Falls IA 50613 420703284 501(c)3 22700 0 General operations of the St. Patrick, Cedar Falls, School Mt Olivet Cemetery Association Dubuque Iowa 10556 Military Road Dubuque IA 52003 420426590 501(c)3 22680 0 Perpetual care, maintenance and repair of Mt. Olivet Cemetery, Dubuque, Iowa Immaculate Conception Church Charles City Iowa 106 Chapel Ln Charles City IA 50616 420725300 501(c)3 21369 0 Provide funds for educational programming at the parish St Stephen the Witness Catholic Student Center Cedar Falls 1019 West 23rd Street Cedar Falls IA 50613 421208336 501(c)3 19658 0 Assist with the operational costs of St. Stephen the Witness Student Center Mt Calvary Cemetery Association Cedar Rapids 2310 1st Ave NE Cedar Rapids IA 52402 420698296 501(c)3 17265 0 Perpetual care, maintenance and repair of Mt. Calvary Cemetery, Cedar Rapids, Iowa St Joseph's Church Raymond Iowa PO Box 136 Gilbertville IA 50634 420681420 501(c)3 16524 0 Provide funds solely to support the educational programs of St. Joseph's Church St Anthony Church Dubuque 1870 Saint Ambrose Dubuque IA 52001 420680265 501(c)3 15592 0 Assist with the educational related expenses of St. Anthony Church in Dubuque, Iowa St Joseph's Church Bellevue 405 Franklin St Bellevue IA 52031 420718463 501(c)3 15453 0 Assist with education related expenses of St. Joseph's Church, Bellevue, IA St Francis Catholic School Marshalltown Iowa 310 Columbus Dr Marshalltown IA 50158 420918582 501(c)3 15164 0 Operational uses of St. Francis Catholic School, Marshalltown, IA St Aloysius Church (Calmar Iowa) PO Box 819 Calmar IA 52132 420761054 501(c)3 14753 0 Education of St. Aloysius Parish and tuition assistance for St. Teresa of Calcutta School The Sacred Heart Church Maquoketa 200 S Vermont St Maquoketa IA 52060 420725234 501(c)3 13330 0 Assist with operational and educational expenses of Sacred Heart Parish St Patrick's Church Waukon 109 Second Street SW Waukon IA 52172 420698115 501(c)3 10867 0 Provide for the needs of St. Patrick's School in Waukon, Iowa Sacred Heart Church Eagle Grove 608 2nd Ave SE Clarion IA 50525 420680367 501(c)3 10127 0 Operations of the Sacred Heart Church, Eagle Grove, IA St Matthias Parish Cascade PO Box 699 Cascade IA 52033 420725147 501(c)3 9882 0 Assist with the educational and operational costs of St. Matthias Parish Sacred Heart Cemetery Association Monticello Iowa 210 E 3rd St Monticello IA 52310 450588164 501(c)3 9501 0 Perpetual care, maintenance and repair of Sacred Heart Cemetery, Monticello, Iowa St John's Cemetery Association Cedar Rapids IA 2107 J St SW Cedar Rapids IA 52404 420681045 501(c)3 9363 0 Perpetual care, maintenance and repair of St. John's Cemetery, Cedar Rapids, Iowa St Francis Church Ossian Iowa PO Box 819 Calmar IA 52132 420680343 501(c)3 9304 0 Educational programs of the Parish St Luke Church St Lucas PO Box 205 Protivin IA 52163 420757450 501(c)3 8768 0 Assist with the operational costs of St. Luke's Church, St. Lucas, Iowa Holy Family Cemetery Association New Hampton 313 W Court St New Hampton IA 50659 371572644 501(c)3 8553 0 Perpetual care, maintenance, and repair of Holy Family Cemetery, New Hampton, Iowa Mount Mercy 1330 Elmhurst Dr NE Cedar Rapids IA 52402 420681046 501(c)3 8125 0 Scholarships SS Peter and Paul Church Petersburg 104 3rd St SW Dyersville IA 52040 420710266 501(c)3 7688 0 Assist with costs of Catholic education for S.S. Peter and Paul Church parishioners St Patrick's Cemetery Association Monona Iowa PO Box 1521 Monona IA 52159 743183151 501(c)3 7118 0 Perpetual care, maintenance and repair of St. Patrick's St. Wenceslaus Cemeteries Beckman Endowment Corporation Dyersville Iowa 1325 9th St Dyersville IA 52040 510179386 501(c)3 6863 0 Assist Beckman High School, Dyersville, Iowa, in educating students St Boniface Church of New Vienna IA 104 3rd St SW Dyersville IA 52040 420698229 501(c)3 6432 0 Education St Joseph Cemetery Association Bellevue Iowa PO Box 6 Bellevue IA 52031 753190801 501(c)3 6120 0 Perpetual care, maintenance and repair of St. Joseph's Cemetery, Bellevue, Iowa St Francis of Assisi Parish Marshalltown Iowa 107 S First St Marshalltown IA 50158 420725231 501(c)3 5925 0 Perpetual care, maintenance and repair of Immaculate Conception Cemetery, Haverhill, IA Resurrection Cemetery Association Inc Dubuque 4300 Asbury Rd Dubuque IA 52002 420866728 501(c)3 5642 0 Perpetual care, maintenance, and repair of Resurrection Cemetery, Dubuque, IA St Joseph's Cemetery Association Clinton Township Iowa 50 Edgewood Rd NW Cedar Rapids IA 52405 421107117 501(c)3 5608 0 Perpetual care, maintenance, and repair of St. Joseph's Cemetery St Mary's Cemetery Association Gilbertville IA PO Box 136 Gilbertville IA 50634 421395868 501(c)3 5493 0 Perpetual care, maintenance, and repair of St. Mary's Cemetery, Gilbertville, IA The Church of the Nativity Dubuque 1225 Alta Vista St Dubuque IA 52001 420707103 501(c)3 5471 0 K-8 scholarships for students from Nativity Parish St Francis of Assisi Parish Marshalltown Iowa 107 S First St Marshalltown IA 50158 420822991 501(c)3 5468 0 Provide funding for the maintenance of the Immaculate Conception Oratory in Haverhill Trinity Catholic School Protivin Iowa 116 Main St Protivin IA 52163 421109802 501(c)3 5343 0 Provide funds for use by Trinity Catholic school as determined its school board St Joseph's Cemetery Association Farley PO Box 286 Epworth IA 52045 861091770 501(c)3 5205 0 Perpetual care, maintenance and repair of St Joseph's Cemetery Association, Farley, IA 56 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. X X X 0 0 0 0 0 0 0 0 0 Michele Brock Executive Director 103077 0 0 0 0 0 5509 0 11625 0 120211 0 0 0 Form 990 Part VII Section A line 5: Michele Brock, Executive Director, was compensated by the Archdiocese of Dubuque, an unrelated organization, for services to The Catholic Foundation for the Archdiocese of Dubuque for a portion of calendar year 2021. The filing organization reimbursed the Archdiocese of Dubuque for the compensation it paid under its payroll. Beginning in March 2021 Michele was compensated by the filing organization. Michele provides financial and management oversight to the organization. Compensation and benefits reported on Part VII of the Form 990 includes compensation from the W-2s of both the Archdiocese of Dubuque and The Catholic Foundation in the Archdiocese of Dubuque, the filing organization. Archdiocese of Dubuque Salary $23,299 Deferred compensation 1,254 Nontaxable benefits 2,904 The Catholic Foundation in the Archdiocese of Dubuque Salary $79,778 Deferred compensation 4,255 Nontaxable benefits 8,721 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, Rick Runde, and Michele Brock have a business relationship. Form 990, Part VI, Section A, line 4 Section 5.5 of the Bylaws was added to formalize the existing Finance and Audit Committee. The Finance & Audit Committee shall consist of a minimum of five members, consisting of at least three Elected Directors of the Board of Directors. No employee of the Organization or its contractors shall be a member of the Audit Committee. 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.