CATHOLIC FOUNDATION OF MAINE: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CATHOLIC FOUNDATION OF MAINE (EIN 77-0612679)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-04
IRS object ID
202201249349301595
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-04T15:19:48-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN010494526PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Baker Newman & NoyesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 507AddressLine1Txt
CityPortlandCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04112ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770612679EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Catholic Foundation of MaineBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCATHBusinessNameControlTxt
Phone2077736471PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 799AddressLine1Txt
CityPortlandCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04104ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonScott GraffPersonNm
Person TitleCFO & TreasurerPersonTitleTxt
Phone2077736471PhoneNum
Signature2022-05-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstScottPersonFirstNm
Person LastGraffPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonConnor SmartPreparerPersonNm
PTINP02285543PTIN
Phone2078792100PhoneNum
Preparation2022-04-25PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerFrancis DillonPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 799AddressLine1Txt
CityPortlandCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04104ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$28,127,328GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.catholicfoundationmaine.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateMELegalDomicileStateCd
Activity Or MissionTo provide opportunities to charitably invest through donations or gifts to endowments.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers13TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$623,103PYContributionsGrantsAmt
CY Contributions Grants$1,750,199CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$745,588PYInvestmentIncomeAmt
CY Investment Income$3,656,177CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,368,691PYTotalRevenueAmt
CY Total Revenue$5,406,376CYTotalRevenueAmt
PY Grants And Similar Paid$1,135,350PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,048,787CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$120,811PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$200,294CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$185,619CYTotalFundraisingExpenseAmt
PY Other Expenses$490,167PYOtherExpensesAmt
CY Other Expenses$415,328CYOtherExpensesAmt
PY Total Expenses$1,746,328PYTotalExpensesAmt
CY Total Expenses$1,664,409CYTotalExpensesAmt
PY Revenues Less Expenses-$377,637PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,741,967CYRevenuesLessExpensesAmt
Total Assets BOY$29,655,137TotalAssetsBOYAmt
Total Assets EOY$37,809,317TotalAssetsEOYAmt
Total Liabilities BOY$39,765TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,262TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$29,615,372NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$37,795,055NetAssetsOrFundBalancesEOYAmt
MissionThe Catholic Foundation of Maine offers opportunities to charitably invest through donations or gifts to endowments.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,048,787ExpenseAmt
Grant$1,048,787GrantAmt
Revenue$0RevenueAmt
DescThe Catholic Foundation of Maine maintains and administers endowments for the benefit of parishes, clergy, students, education, ministries, and organizations. New ministry program endowment funds during the filing period include the Erlinda A. Polvorosa and Paul H. LaMarche Memorial Endowment, J. F. Dillon Pre School Endowment Fund, All Saints Parish Endowment, Notre Dame du Mont Carmel Parish Endowment, Peter P. and Marjorie S. Clifford Endowed Fund for the benefit of Prince of Peace Parish, D.J. Caron, Jr. Youth Ministry Endowment for the Parish of the Precious Blood, and the Sekenger Council 1947 Knights of Columbus Endowment.Desc
Total Program Service Expenses$1,048,787TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Scott Graff CFO & TreasurerBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2073217823PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 799AddressLine1Txt
CityPortlandCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04104ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Bishop Robert Deeley JCD
President1.0041.00Yes (X)Yes (X)$0$44,932$38,372
Monsignor Andrew Dubois
Director (end 9/2020)1.0041.00Yes (X)$0$35,996$23,078
Monsignor Marc B Caron
Director1.0041.00Yes (X)$0$19,871$22,878
Scott Graff
Treasurer1.0041.00Yes (X)Yes (X)$0$98,336$10,817
Michael Anderson
Director1.000.00Yes (X)$0$0$0
Lori Boulay
Director1.000.00Yes (X)$0$0$0
Alicia Danielson
Director (end 9/2020)1.000.00Yes (X)$0$0$0
MaryEllen FitzGerald
Director1.000.00Yes (X)$0$0$0
Anthony Manhart
Director1.000.00Yes (X)$0$0$0
Phil Morissette
Director1.000.00Yes (X)$0$0$0
Martha Muldoon
Director1.000.00Yes (X)$0$0$0
Lila White
Director (end 9/2020)1.000.00Yes (X)$0$0$0
Francis Dillon
Chairman (end 9/2020)1.000.00Yes (X)Yes (X)$0$0$0
Joseph Powers
Chairman1.000.00Yes (X)Yes (X)$0$0$0
David Caron
Vice Chairman1.000.00Yes (X)Yes (X)$0$0$0
Denise Clavettet
Secretary (end 3/2021)1.000.00Yes (X)Yes (X)$0$0$0
Nick McCrum
Secretary1.000.00Yes (X)Yes (X)$0$0$0
Elizabeth Badger
Executive Director40.000.00Yes (X)$0$104,825$11,531
David Twomey
Former Treasurer0.000.00$0$167,770$39,306Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$471,730TotReportableCompRltdOrgAmt
Total Other Compensation$145,982TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,750,199AllOtherContributionsAmt
Noncash Contributions$5,181NoncashContributionsAmt
Total Contributions$1,750,199TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$791,937TotalRevenueColumnAmt
Exclusion$791,937ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$25,585,192SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$22,720,952SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,864,240SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,864,240TotalRevenueColumnAmt
Exclusion$2,864,240ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,406,376TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,656,177ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,048,787TotalAmt
Program Services$1,048,787ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$155,099TotalAmt
Management And General$31,018ManagementAndGeneralAmt
Fundraising$124,081FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$33,459TotalAmt
Management And General$6,692ManagementAndGeneralAmt
Fundraising$26,767FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$11,736TotalAmt
Management And General$2,347ManagementAndGeneralAmt
Fundraising$9,389FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$325,919TotalAmt
Management And General$325,919ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$58,102TotalAmt
Management And General$58,102ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$18,747TotalAmt
Fundraising$18,747FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,605TotalAmt
Management And General$2,909ManagementAndGeneralAmt
Fundraising$4,696FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,939TotalAmt
Fundraising$1,939FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,016TotalAmt
Management And General$3,016ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,664,409TotalAmt
Program Services$1,048,787ProgramServicesAmt
Management And General$430,003ManagementAndGeneralAmt
Fundraising$185,619FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$295,555BOYAmt
EOY$503,937EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,096,885BOYAmt
EOY$3,859,044EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$68,097BOYAmt
EOY$44,292EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,117EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$27,194,600BOYAmt
EOY$33,400,927EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$29,655,137BOYAmt
EOY$37,809,317EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$34,523BOYAmt
EOY$5,978EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,242BOYAmt
EOY$8,284EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,765BOYAmt
EOY$14,262EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,181,010BOYAmt
EOY$2,686,769EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$27,434,362BOYAmt
EOY$35,108,286EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$29,615,372BOYAmt
EOY$37,795,055EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$29,655,137BOYAmt
EOY$37,809,317EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,741,967ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$4,444,866NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$7,150OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$710,416CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$516,372CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$322,737CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$623,103CurrentTaxYearMinus1YearAmt
Current Tax Year$1,750,199CurrentTaxYearAmt
Total$3,922,827TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$710,416CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$516,372CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$322,737CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$623,103CurrentTaxYearMinus1YearAmt
Current Tax Year$1,750,199CurrentTaxYearAmt
Total$3,922,827TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,718,484SubstantialContributorsTotAmt
Public Support Total170$2,204,343PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$246,501CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$283,740CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$874,935CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$860,343CurrentTaxYearMinus1YearAmt
Current Tax Year$791,937CurrentTaxYearAmt
Total$3,057,456TotalAmt
FieldValueIRS element (for citing)
Total Support$6,980,283TotalSupportAmt
Public Support CY1700.31580PublicSupportCY170Pct
Public Support PY1700.34770PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests PY170Yes (X)ThirtyThrPctSuprtTestsPY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part VI, List of Unusual Grants:FormAndLineReferenceDesc
ExplanationDescription: Bequest from Estate Amount: 0.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held7DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$38,700DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$26,000DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$1,165,999DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg CtrlYes (1)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (1)DisclosedForCharitablePrpsInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$29,171,124BeginningYearBalanceAmt
Contributions$1,749,926ContributionsAmt
Investment Earnings Or Losses$7,775,124InvestmentEarningsOrLossesAmt
Other Expenditures$1,162,351OtherExpendituresAmt
Administrative Expenses$325,919AdministrativeExpensesAmt
End Year Balance$37,207,904EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$28,719,949BeginningYearBalanceAmt
Contributions$742,036ContributionsAmt
Investment Earnings Or Losses$1,230,622InvestmentEarningsOrLossesAmt
Other Expenditures$1,250,354OtherExpendituresAmt
Administrative Expenses$271,129AdministrativeExpensesAmt
End Year Balance$29,171,124EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$28,239,813BeginningYearBalanceAmt
Contributions$240,076ContributionsAmt
Investment Earnings Or Losses$1,439,433InvestmentEarningsOrLossesAmt
Other Expenditures$931,173OtherExpendituresAmt
Administrative Expenses$268,200AdministrativeExpensesAmt
End Year Balance$28,719,949EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$26,950,354BeginningYearBalanceAmt
Contributions$510,158ContributionsAmt
Investment Earnings Or Losses$1,933,244InvestmentEarningsOrLossesAmt
Other Expenditures$1,153,943OtherExpendituresAmt
End Year Balance$28,239,813EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$24,590,138BeginningYearBalanceAmt
Contributions$439,478ContributionsAmt
Investment Earnings Or Losses$2,879,683InvestmentEarningsOrLossesAmt
Other Expenditures$958,945OtherExpendituresAmt
End Year Balance$26,950,354EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.05640BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.67630PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.26730TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDue to affiliatesDesc
Amt$8,284Amt
FieldValueIRS element (for citing)
Total Liability$8,284TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$9,525,323TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$4,444,866NetUnrealizedGainsInvstAmt
Revenue Not Reported$4,444,866RevenueNotReportedAmt
Revenue Subtotal$5,080,457RevenueSubtotalAmt
Investment Expenses Not Incld$325,919InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$325,919RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,406,376TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,345,640TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$7,150OtherExpensesIncludedAmt
Expenses Not Reported$7,150ExpensesNotReportedAmt
Expenses Subtotal$1,338,490ExpensesSubtotalAmt
Investment Expenses Not Incld2$325,919InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$325,919ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,664,409TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:Endowment funds are primarily used for the benefit of parishes, clergy, students, education, ministries, and organizations.
Part X, Line 2:The Foundation is exempt from federal income tax under provision of Section 501(c)(3) of the IRC. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. Management has evaluated the Foundation's tax positions taken on its filed tax returns and concluded that the Foundation has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the financial statements.
Part XII, Line 2d - Other Adjustments:Loss on uncollectible pledges 7,150.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Roman Catholic Bishop of Portland
PO Box 11559PortlandME04104010212546501(c)(3)$957,387General Assistance
Catholic Charities of Maine
PO Box 10660PortlandME04104010280225501(c)(3)$65,000General Assistance
Cheverus High School
267 Ocean AvenuePortlandME04103010211785501(c)(3)$16,700General Assistance
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationThe Organization only awards grants to qualifying 501(c)(3) public charities; additional monitoring is not deemed necessary.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDavid TwomeyPersonNm
TitleFormer TreasurerTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$167,770CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$18,455DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$20,851NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$207,076TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6The Corporation is established by Corporators who together constitute the Board of Corporators. The Corporators shall consist of the individuals who from time to time hold the following positions: the Roman Catholic Bishop of Portland, the Vicar General of the Roman Catholic Bishop of Portland, the Chancellor of the Diocese, the Chair of the Council of Priests of the Diocese, the Chair of the Finance Council of the Diocese, and the Chair of the Pastoral Council of the Diocese. The Bishop shall always serve as the President of the Board of Corporators. No member of the Board of Corporators, except the Roman Catholic Bishop of Portland and any Coadjutor or Auxiliary Bishop, may serve as a trustee of the Foundation.
Form 990, Part VI, Section A, line 7aThe powers and duties of the Board of Corporators shall include the power to elect and remove members of the Board of Trustees of the Foundation.
Form 990, Part VI, Section A, line 7bThe following actions by the Board of Trustees are subject to the approval of the Board of Corporators: the appointment or termination of the executive director; recommendations of the Board of Trustees for distribution of unrestricted funds that vary from approved policy; and recommendations of the Board of Trustees for any amendments to the Foundation's bylaws. Additionally, in the event of dissolution or liquidation of the Foundation's assets, the Catholic organization selected as beneficiary to the liquidation is subject to the approval of the Board of Corporators.
Form 990, Part VI, Section B, line 11bThe Form 990 is reviewed by the Treasurer of the Board before being submitted to the IRS.
Form 990, Part VI, Section B, line 12cThe Executive Director of the Organization annually collects from all trustees a questionnaire that gathers information on potential conflicts of interest. The conflict of interest policy prohibits any conflicts of interest that are not disclosed. Potential conflicts of interest that are discovered will be referred to the governance committee of the trustees for a decision on the appropriateness of the relevant activity(s) and the relevant trustee's continued tenure on the Board. As of the time of this filing, no conflicts of interest have been discovered.
Form 990, Part VI, Section B, line 15aReview and establishment of the compensation and benefits for the organization's executive director is conducted annually by the Catholic Foundation of Maine's board of trustees. Compensation and benefits for all individuals who perform services for the organization is paid by the Catholic Foundation of Maine.
Form 990, Part VI, Section C, line 19Documents that are required to be open for public inspection are made available upon request within the timeframe required by law.
Form 990, Part XI, line 9:Loss on uncollectible pledges -7,150.
Form 990, Part XII, Line 2C:The audit process has not changed from the prior year. The Foundation has a finance/investment committee that reviews the audits and communicates with the independent auditors.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
Roman Catholic Bishop of Portland
510 Ocean AvenuePortlandME04103010212546Religious OrganizationME501(c)(3)Line 1N/A0
Roman Catholic Diocese of Portalnd Diocesan Priests' Medical Benefits Trust
510 Ocean AvenuePortlandME04103844223462Employee benefit trustME501(c)(9)N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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