2023-05-15T17:20:44-05:00 2022-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2021-07-01 730773715 Catholic Foundation of Oklahoma Inc CATH 4057215651 PO Box 32180 Oklahoma City OK 73123 Peter de Keratry Executive Director 4057214115 2023-05-15 1 Peter de Keratry 999009999 Kim Hunwardsen CPA P00484560 6122536500 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Peter L de Keratry PO Box 32180 Oklahoma City OK 73123 25102263 0 0928 X WWW.CFOOK.ORG X 1965 OK Steward of charitable funds that provide resources to parishes and other ministries. 16 14 9 25 432448 341545 4471355 4613565 339908 155707 1723029 4642489 112899 395622 6647191 9807383 1002702 981088 0 0 216063 390635 0 0 21067 836422 754996 2055187 2126719 4592004 7680664 82819268 72656929 57184623 47063590 25634645 25593339 X To inspire generosity leading to endowments and charitable funds supporting parishes, schools, and other ministries of the Catholic Church in central and western Oklahoma. 0 0 1058210 981088 155707 The Catholic Foundation was incorporated as a nonprofit entity whose mission is to procure and build endowment funds to support the ministries and entities of the Archdiocese of Oklahoma City. With the spiritual leadership and guidance of the Archbishop of Oklahoma City, the Foundation is managed by a Board of Directors, consisting of priests, deacons and professional lay men and women representing the various geographic areas of the Archdiocese of Oklahoma City. Program service statement continued on Schedule O.In carrying out its mission, the Foundation provides gifting vehicles in which the Church and related entities are designated beneficiaries; provides estate planning and charitable giving information and assistance; and distributes earnings on endowments to further the development of the Catholic Church in central and western Oklahoma.The Foundation distributes earnings from 100 endowments and other charitable funds to parishes, schools and other ministries to further develop the Catholic church in central and western Oklahoma. Grants are awarded to Catholic organizations to advance the faith throughout the Archdiocese. Grants totaling $834,313 were distributed to parishes and schools in 2022. 59 College Scholarships were awarded totaling $146,775 in 2022.In addition to endowments and charitable funds owned by the Foundation, 125 custodial accounts are managed by the foundation for parishes, schools and other ministries. 99900 A Charitable Gift Annuity program is available to provide ongoing support for the donor's life with the residual asset going to the CFO Ministry Fund at the Catholic Foundation of Oklahoma to provide grants to parishes, schools and other ministries. 1158110 1 1 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 9 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 16 14 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 1 0 1 0 OK X David Johnson 4057215651 PO Box 32180 Oklahoma City OK 73123 X Most Reverend Paul Coakley Chairman 10.00 40.00 X X 0 37941 11700 David Johnson Secretary/Treasurer 5.00 40.00 X X 0 100377 17084 Daniel Stith President 1.00 0.00 X X 0 0 0 Joe Ray President Elect 1.00 0.00 X X 0 0 0 Whitney Hufnagel Vice-President 1.00 0.00 X X 0 0 0 Chuck Duginski Director 1.00 0.00 X 0 0 0 Gary Gatewood Director 1.00 0.00 X 0 0 0 George Browning Director 1.00 0.00 X 0 0 0 John Kelln Director 1.00 0.00 X 0 0 0 Karen Kenworthy Director 1.00 0.00 X 0 0 0 Lori Carter Director 1.00 0.00 X 0 0 0 Louis Gasbarra Director 1.00 0.00 X 0 0 0 Phil Brockhaus Director 1.00 0.00 X 0 0 0 Richard White Director 1.00 0.00 X 0 0 0 Steve Winkler Director 1.00 0.00 X 0 0 0 Thy Nguyen Director 1.00 0.00 X 0 0 0 Michael Ray Director - partial year 1.00 0.00 X 0 0 0 Rebecca David Accountant 37.50 0.00 X 66092 0 15005 Peter L de Keratry Executive Director 20.00 20.00 X 0 218830 34748 66092 357148 78537 0 0 1 0 0 449699 1900000 2263866 4613565 Fund Management Fees 541610 163686 163686 -7979 -7979 155707 663385 432448 230937 435741 435741 19152536 15173432 3979104 3979104 3979104 81329 449699 121448 -40119 -40119 9807383 155707 432448 4605663 834313 834313 146775 146775 194371 194371 152946 152946 2086 2086 19429 19429 21803 21803 6581 6581 15525 15525 362953 362953 31251 31251 21433 21433 47168 47168 36678 36678 13000 13000 3505 3505 4767 4767 224 224 1172 1172 Provision for Annuities 99900 99900 Supported Programs 77122 77122 33717 12650 21067 2126719 1158110 947542 21067 713987 1438556 40000 199455 12673 27550 83195 15262 36679 67933 66634547 57765572 14982681 12737338 398701 420525 82819268 72656929 29336 52590 89960 67060 55626403 45722854 1438924 1221086 57184623 47063590 X 10476880 8747802 15157765 16845537 25634645 25593339 82819268 72656929 X 7680664 -7729245 7275 X 0 1 X 0 0 X 1774691 527371 2646458 4471355 4613565 14033440 1774691 527371 2646458 4471355 4613565 14033440 125972 13907468 377163 609109 737946 467319 666678 2858215 172187 308 103144 386664 662303 17553958 998826 0.79230 0.76480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 115 125592 1772239 119915 4610318 849543 45722854 1 1 0 1 X 15905181 4256653 -2839204 2074009 15248621 9619855 3728080 3067262 510016 15905181 8065025 2483477 -22551 906096 9619855 7594543 467393 226130 223041 8065025 5996817 1517284 340691 260249 7594543 0.00000 0.95325 0.04675 0 0 32529 32529 50666 15262 35404 67933 Partnerships and Limited Liability Companies 5572270 F Hedge Funds 4213282 F Real Estate Partnership 2951786 F 12737338 Annuities Payable 937568 Distribution Payable 283518 1221086 X 1701393 -7729245 -13792 -7743037 9444430 362953 362953 9807383 1742699 0 1742699 362953 21067 384020 2126719 Part IV, Line 2b: Funds held for others include funds that the Foundation, as agent under management agreements, invests for certain related parties. Management fees of up to 0.25% annually calculated on the beginning of the month balance are charged to such parties for these services and are included in unrestricted revenues. In addition, funds held for others include certain revocable and irrevocable trusts and custodian funds for which the Foundation has been designated as custodian. Part V, Line 4: Endowment Funds operate with a spending policy adopted by the Board and executed with any donor restrictions to provide support for the ministries of the Catholic church in the Archdiocese of Oklahoma City and other donor designated non-profit organizations whose teaching are in alignment with the Catholic church. 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 2d - Other Adjustments: Change in Cash Value of Life Insurance 21,641. Change in Annuities Valuation -14,366. Other fundraising expenses recorded in expense on Form 990 -21,067. Part XII, Line 4b - Other Adjustments: Other fundraising expenses recorded in expense on Form 990 21,067. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 5223903 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investments 1807300 0 0 0 0 0 0 7031203 0 7031203 1 0 1 1 1 0 Part III Accounting Method: Schedule F, Part IV The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The Foundation's ownership interests in foreign corporations do not require a Form 5471 to be filed. The Foundation has transfers to foreign corporations through its investments. The Foundation was not required to file Form 926 due to transfers under the filing threshold. The Foundation invests in passive foreign investment companies. The investment partnerships have properly filed Form 8621 or the underlying investments did not generate any unrelated business income. Under these facts, the Foundation is not required to file an additional Form 8621. The Foundation has transfers to foreign partnerships through its investments in partnerships. The Foundation filed Form 8865 due to transfers under the filing threshold. Archbishop's Dinner 420652 365652 55000 30000 56132 400 5525 Saint and Scholars 102747 84047 18700 10000 14737 300 1075 523399 449699 73700 40000 70869 700 6600 118169 -44469 1 Archdiocese of Oklahoma City 7501 Northwest Expressway Oklahoma City OK 73132 730632924 501(c)(3) 19790 0 General operating expenses Blessed Stanley Rother Shrine 700 SE 89th Oklahoma City OK 73149 843965818 501(c)(3) 62585 0 General operating expenses Catholic Charities of Archdiocese of OKC 1232 N Classen Blve Oklahoma City OK 73106 730737571 501(c)(3) 11430 0 General operating expenses Cristo Rey High School 900 N Portland Oklahoma City OK 73107 475521087 501(c)(3) 9500 0 General operating expenses Gospel of Life Disicples 4113 S Eastern Ave Oklahoma City OK 731067635 471279079 501(c)(3) 14620 0 General operating expenses Holy Family Parish Lawton 1010 Northwest 82nd Lawton OK 735054103 730710425 501(c)(3) 6259 0 General operating expenses Holy Spirit Parish Mustang 1100 North Sara Road Mustang OK 73064 731194501 501(c)(3) 9000 0 General operating expenses Holy Trinity Parish Okarche 211 West Missouri Okarche OK 73762 730648448 501(c)(3) 5325 0 General operating expenses Immaculate Heart of Mary Church Calumet PO Box 99 Calumet OK 730140099 730632924 501(c)(3) 7916 0 General operating expenses Mount Saint Mary High School 2801 South Shartel Avenue Oklahoma City OK 73109 730605969 501(c)(3) 7200 0 General operating expenses Oklahoma Catholic Radio 7501 Northwest Expressway Oklahoma City OK 73132 203877145 501(c)(3) 9030 0 General operating expenses Our Lady of Victory Purcell 316 Jefferson Purcell OK 73080 731137088 501(c)(3) 12245 0 General operating expenses Sacred Heart Catholic School El Reno 208 South Evans El Reno OK 73036 730683607 501(c)(3) 16990 0 General operating expenses Sacred Heart Catholic School OKC 2700 S Shartel Oklahoma City OK 73109 730686284 501(c)(3) 6250 0 General operating expenses Saint Ann Parish Elgin PO Box 10 Elgin OK 73538 251913157 501(c)(3) 16700 0 General operating expenses Saint Charles Borromeo Catholic School 5024 North Grove Oklahoma City OK 73122 730701035 501(c)(3) 41581 0 General operating expenses Saint Charles Borromeo Parish 5024 North Grove Oklahoma City OK 73122 730701035 501(c)(3) 8280 0 General operating expenses Saint Francis Xavier Parish 110 North Madison Enid OK 73702 730608175 501(c)(3) 75555 0 General operating expenses Saint James Catholic School 1224 SW 41 Street Oklahoma City OK 73109 730685462 501(c)(3) 5570 0 General operating expenses Saint James the Greater Parish 1224 SW 41 Street Oklahoma City OK 73109 730685462 501(c)(3) 7685 0 General operating expenses Saint John Bosco Institute 8455 NW 234th St Edmond OK 73025 465727183 501(c)(3) 11625 0 General operating expenses Saint John Nepomuk School 600 South Garth Brooks Blvd Yukon OK 73099 730758650 501(c)(3) 9900 0 General operating expenses Saint John's Catholic School AR 583 W Grand Ave Hot Springs National P AR 71901 710539026 501(c)(3) 46203 0 General operating expenses Saint Joseph Church Tonkawa PO BOX 525 Tonkawa OK 746530525 208650826 501(c)(3) 11965 0 General operating expenses Saint Joseph Parish Ada 1300 East Beverly Ada OK 74821 730784390 501(c)(3) 5208 0 General operating expenses Saint Joseph Parish Norman 421 East Acres Norman OK 73070 730720787 501(c)(3) 13780 0 General operating expenses Saint Mary Parish Clinton 714 South 12th Clinton OK 73601 730713426 501(c)(3) 12323 0 General operating expenses Saint Mary Parish Guthrie 411 North Elm Guthrie OK 73044 730993333 501(c)(3) 5775 0 General operating expenses Saint Peter Parish Woodward 2020 Oklahoma Ave Woodward OK 73801 730715491 501(c)(3) 16700 0 General operating expenses Saint Philip Neri School MWC 1107 Felix Place Midwest City OK 73110 730678255 501(c)(3) 13740 0 General operating expenses Saint Philip Neri Cemetery 6008 SE 56th Court Midwest City OK 73110 730678255 501(c)(3) 8300 0 General operating expenses Saint Philip Neri Parish MWC 1107 Felix Place Midwest City OK 73110 730678255 501(c)(3) 6031 0 General operating expenses Saint Teresa of Avila Parish Harrah 1576 North Tim Holt Drive Harrah OK 73045 270307398 501(c)(3) 7728 0 General operating expenses Saints Peter and Paul Church Hobart 328 S Randlett St Hobart OK 73651 731596595 501(c)(3) 9485 0 General operating expenses SWOSU Catholic Student Center 704 Bryan St Weatherford OK 73096 731006728 501(c)(3) 5500 0 General operating expenses Saint Eugene Catholic School PO Box 20930 Oklahoma City OK 73156 730710866 501(c)(3) 7398 0 General operating expenses Willow PO Box 94533 Oklahoma City OK 73143 237350798 501(c)(3) 258943 0 General operating expenses 37 0 College Scholarships 59 146775 Part I, Line 2: Grants to Organizations includes an application from the parish or school. A committee comprised of board members evaluates the completed applications. The selection and award amounts are presented to the board for approval. Grant agreements are required back from the parish and school and grant awards are sent. Grant impact reports are due back within one year. The Catholic Foundation of Oklahoma, Inc. awards college scholarships to qualified Catholic high school seniors from within the Archdiocese of Oklahoma City. All applicants complete the same online form; the Scholarship Committee determines the scholarship to be awarded to the selected recipients. Scholarships are paid directly to the educational institutions for the benefit of the individual recipient. Guidelines for eligibility and renewals: Applicant must be a graduating high school senior or a University of Oklahoma medical student. Applicant must be a registered, active member of a Catholic parish in the Archdiocese of Oklahoma City. Applicant must show scholastic ability and financial need. Applicant must be enrolling as a full-time student (minimum of 12 enrolled hours per semester). Scholarship recipients must maintain a 3.0 cumulative grade point average. A recommendation form will be sent to the applicant's pastor. Annual distributions from endowments are made based on a spending policy approved by the Board of Directors. FY22 4% was approved. 0 0 0 0 0 0 0 0 0 Peter L de Keratry Executive Director 0 187536 0 295 0 30999 0 11552 0 23941 0 254323 0 0 Schedule J, Part II and Form 990, Part VII, Line 5: Peter de Keratry, Executive Director, is compensated by the Archdiocese of Oklahoma City, a related organization. Compensation shown on Schedule J, Part II is Peter's 2021 W-2 compenstion. Catholic Foundation of Oklahoma reimburses 50% of Peter's total compensation to the Archdiocese of Oklahoma City for services provided to Catholic Foundation of Oklahoma. Form 990, Part VI, Section A, line 1a The Executive Committee consists of the Archbishop, the President, the President Elect, the Vice President, the Secretary/Treasurer, and the Executive Director. The Executive Committee shall act upon matters requiring board action which may arise between board meetings. All actions of the Executive Committee shall require a two-thirds affirmative vote of the entire membership of the Executive Committee. Form 990, Part VI, Section A, line 2 Most Reverend Paul Coakley, David Johnson, Peter L. de Keratry have a business relationship. Form 990, Part VI, Section A, line 4 The organization updated its bylaws during FYE22. Significant changes include: 1. Designating the Archbishop as Sole Member, 2. Changing the minimum and maximum number of Board Members, 3. Removing the President role from the Executive Director, 4. Changing quorum requirements from 2/3 to 1/2, 5. Adding dissolution articles. Form 990, Part VI, Section A, line 6 The Archbishop of the Archdiocese of Oklahoma City is designated as the Sole Member of the Foundation. Form 990, Part VI, Section A, line 7a The Archbishop of the Archdiocese of Oklahoma City, Sole Member, shall elect the individuals to serve as Directors of the Corporation at the annual meeting of the Board of Directors. Form 990, Part VI, Section A, line 7b The following actions require action be taken by the Sole Member or by a majority vote of the directors present and voting at a meeting of the directors at which a quorum is present, subject to the approval of the Sole Member: (a) amendment or restatement of the Certificate of Incorporation or theBylaws of the Corporation; (b) merger, consolidation, combination, or conversion of the Corporation withor into any other entity, enterprise, agency, or body; sale of all or substantially all of the assets of the Corporation; acquisition of the Corporation by any other entity or enterprise; or converting the Corporation into any other form of entity; (c) selection of independent auditors of the Corporation; (d) dissolution, liquidation, or termination of the business of the Corporation; (e) any change in the purposes of the Corporation; (f) any decision to file a voluntary petition under any law involving theadjudication of the Corporation as bankrupt or insolvent or taking any action with respect to the reorganization of the Corporation; (g) acquisition by purchase, lease or otherwise of any real property; (h) approval of the annual budgets of the Corporation, and any material changesthereto; (i) sale, conveyance, assignment, or other transfer of any real property; (j) sale, conveyance, assignment, or other transfer of any other property with afair market value in excess of $50,000; (k) causing the Corporation to borrow money, incur or increase anyindebtedness (other than payables created in the ordinary course of the Corporation's business and in amounts not in excess of those provided for in the applicable annual budget), refinance any indebtedness, repay any indebtedness or secure any of the foregoing by mortgage, pledge or other lien on any property of the Corporation, except to the extent expressly set forth in the annual budget; (l) execution of any agreement, or of any modification, amendment orrestatement of or supplement to any agreement, or the exercise of any consent, approval or termination rights under any agreement, or the termination of any agreement, if the agreement is one which binds the Corporation for a period exceeding one year or which involves aggregate expenditures exceeding $100,000; (m) making of any capital improvements, alterations or changes in or to anyproperty of the Corporation, except for such matters as may be provided for in the applicable annual budget; (n) making any expenditures or incurring any obligations by the Corporation,the combined cost of which in any one fiscal year exceeds $50,000, except for expenditures made and obligations incurred pursuant to and specifically provided in the annual budget for such year; (o) making any expenditure or incurring any obligation which, when added toany other expenditure for the fiscal year of the Corporation, exceeds the amount allocated to the applicable budget category in the applicable annual budget by more than 25% or $25,000, whichever is less; (p) institution, prosecution, settlement, compromise and dismissal of lawsuits orother judicial or administrative proceedings brought on behalf of, or against, or involving the Corporation, other than the institution and prosecution of lawsuits in the ordinary course of business; and (q) any agreement, contract, understanding or other arrangement providing forany of the foregoing. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Secretary/Treasurer and the Executive Director before it is filed. It is available for board member review upon request or at the next scheduled board meeting. Form 990, Part VI, Section B, line 12c All board members are covered by the policy, the board determines the conflict initially but it may be escalated to the Archbishop if necessary. When a conflict has been determined the person with a conflict abstains from voting on the matter or resigns from the board if the conflict is ongoing. Form 990, Part VI, Section B, line 15b Compensation for the Executive Director is determined by the Archbishop of the Archdiocese of Oklahoma City. The Accountant's compensation is determined on an annual basis by the Board of Directors using an annual evaluation and comparability data. There is contemporaneous substantiation of the deliberation and decision. Form 990, Part VI, Section C, line 19 Documents made available upon request Form 990, Part VII: Peter de Keratry, Executive Director, is compensated by the Archdiocese of Oklahoma City, an unrelated organization, for services to Catholic Foundation of Oklahoma. The Foundation does not prepare and submit his Form W-2. Form 990, Part XI, line 9: Life Insurance Cash Value Change 21,641. Change in Annuities Valuation -14,366. Archdiocese of Oklahoma City 7501 Northwest Expressway Oklahoma City OK 73132 730632924 Church, Priest offices and schools OK 501(c)(3) Line 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0