2022-04-19T14:02:29-05:00 2021-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2020-07-01 451740219 The Catholic Foundation in the Archdioce CATH 5635562580 120 5th St NW Cedar Rapids IA 52405 Michele Brock Executive Director 5635562580 2022-04-19 1 Michele Brock 999009999 Kim Hunwardsen CPA P00484560 6122536500 2022-04-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z The Catholic Foundation in the Archdiocese of Dubuque Michele Brock 120 5th St NW Cedar Rapids IA 52405 33755759 0 X www.ourcfad.org X 2011 IA Multiply charitable resources for maximum benefit to our Catholic community. 13 13 0 15 0 0 3125257 5580104 583985 743819 3173941 5455659 0 0 6883183 11779582 2653253 2816397 0 0 129400 133942 0 0 0 604261 845848 3386914 3796187 3496269 7983395 105423795 141044047 20393737 28080366 85030058 112963681 X Multiply charitable resources for maximum benefit to our Catholic community. 0 0 3497426 2816397 743819 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 FY2021, 11 new organizations began the Legacy Planning Toolkit program through CFAD. More than 1,500 individuals sought information through CFAD's services regarding charitable giving.CFAD invests legacy gifts as well as organization trust accounts in Catholic responsible choices. In FY2021, 19 new endowment funds and seven new agency trust accounts were added.Through donor agreements, CFAD grants legacy gifts as donors intend. In FY2021, $2,957,657 in grants were given from 156 funds to 122 organizations. The amount of grants to others 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. 3497426 1 1 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Michele Brock 5635520176 120 5th St NW Cedar Rapids IA 52405 Michele Brock Executive Director 40.00 X 100060 0 15803 Maureen Gronstal Chair 0.50 X X 0 0 0 Brian Kane Vice Chair 0.50 X X 0 0 0 Brian McConnell Secretary 0.50 X X 0 0 0 Most Rev Michael Jackels Director Ex-Officio 0.50 X 0 0 0 Richard Nelson Director 0.50 X 0 0 0 Sarah Smith Director 0.50 X 0 0 0 LuAnn Scholbrock Director 0.50 X 0 0 0 Kirk Sadilek Director 0.50 X 0 0 0 Pat Leonard Director 0.50 X 0 0 0 John Fink Director 0.50 X 0 0 0 Ken Keune Director 0.50 X 0 0 0 Kathy Mersch Director 0.50 X 0 0 0 Kim Berns Director 0.50 X 0 0 0 Richard Runde Treasurer (non-voting) 0.50 X 0 0 0 100060 0 15803 0 0 0 1 0 5580104 5580104 Administration Fees 561000 723797 723797 Management Fees 561000 20003 20003 19 19 743819 2332366 2332366 25099470 21976177 3123293 3123293 3123293 11779582 743819 0 5455659 X 2816397 2816397 126116 126116 7826 7826 8940 8940 675563 675563 117833 117833 23429 23429 8166 5466 2700 6600 6600 3764 3764 1553 1553 3796187 3497426 298761 0 352829 140686 832992 1645023 4383 0 1433 2461 0 0 89343278 120274955 14888880 18980922 105423795 141044047 96205 42153 19460469 26393190 837063 1645023 20393737 28080366 X 84712077 112370866 317981 592815 85030058 112963681 105423795 141044047 7983395 19950228 0 X 0 1 X 1 0 X 7143693 37906997 9545426 3125257 5580104 63301477 7143693 37906997 9545426 3125257 5580104 63301477 63301477 497467 1136708 1604593 1982457 2332366 7553591 70855068 2519148 0.89340 0.91690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 Annuity/Life Insurance 4000000 F Investments in Alternative Investment Grantor Trust 14980922 F 18980922 Agency funds - ArchdioceseOne 1645023 1645023 X 966316 0 966316 85341 10727925 10813266 11779582 313853 0 313853 85341 3396993 3482334 3796187 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 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 5,379,121. Interest income on designated funds recorded as revenue on Form 990 2,225,840. Realized gain on designated funds recorded as revenue on Form 990 3,122,964. Part XII, Line 4b - Other Adjustments: Designated endowment distributions recorded in functional exps on Form 990 2,806,771. Designated endowment fees recorded in functional expense on Form 990 590,222. 1 St Thomas Aquinas Church Ames 2210 Lincoln Way Ames IA 50014 420698050 501c3 86641 Catholic education, programs, operations, scholarships St Joseph's Church Bellevue 405 Franklin St Bellevue IA 52031 420718463 501c3 12581 Educational programs/needs St Matthias Parish Cascade PO Box 699 Cascade IA 52033 420725147 501c3 22542 Educational programs/needs, Operations St Patrick's Church Cedar Falls 705 Main Street Cedar Falls IA 50613 420703284 501c3 22051 Operations All Saints Church Cedar Rapids Iowa 720 29th St SE Cedar Rapids IA 52403 420698056 501c3 67667 Scholarships Immaculate Conception Church Charles City Iowa 106 Chapel Ln Charles City IA 50616 420725300 501c3 19421 Educational programs/needs St Raphael Cathedral Dubuque 231 Bluff St Dubuque IA 52001 420703275 501c3 23408 Liturgy programs/needs The Church of the Nativity Dubuque 1225 Alta Vista St Dubuque IA 52001 420707103 501c3 5235 Scholarships Holy Spirit Parish Dubuque 2215 Windsor Ave Dubuque IA 52001 420738963 501c3 44835 Educational programs/needs, Scholarships St Joseph the Worker Church Dubuque Iowa 60 S Algona St Dubuque IA 52001 420698063 501c3 44631 Educational programs/needs Basilica of St Francis Xavier Dyersville 104 Third St SW Dyersville IA 52040 420730353 501c3 16473 Educational programs/needs, Operations, Subsidies Sacred Heart Church Eagle Grove 608 2nd Ave SE Clarion IA 50525 420680367 501c3 9807 Operations Immaculate Conception Church Gilbertville Iowa PO Box 136 Gilbertville IA 50634 420698206 501c3 22372 Educational programs/needs The Sacred Heart Church Maquoketa 200 S Vermont St Maquoketa IA 52060 420725234 501c3 12934 Educational programs/needs St Joseph Church Marion Iowa 1790 14th St Marion IA 52302 420782534 501c3 54887 Educational programs/needs, Operations, Subsidies St Francis of Assisi Parish Marshalltown Iowa 107 S First St Marshalltown IA 50158 420822991 501c3 5153 Perpetual maintenance/repair Holy Family Church New Hampton 313 W Court St New Hampton IA 50659 420746001 501c3 35000 Educational programs/needs St Francis Church Ossian Iowa PO Box 819 Calmar IA 52132 420680343 501c3 9950 Educational programs/needs SS Peter and Paul Church Petersburg 1625 300th Ave Dyersville IA 52040 420710266 501c3 8064 Educational programs/needs, Operations St Joseph's Church Raymond Iowa PO Box 136 Gilbertville IA 50634 420681420 501c3 15533 Educational programs/needs Blessed Sacrament Church Waterloo 650 Stephan Avenue Waterloo IA 50701 420681065 501c3 48536 Educational programs/needs, Operations St Patrick's Church Waukon 109 Second Street SW Waukon IA 52172 420698115 501c3 10479 Operations St Teresa of Calcutta Catholic School Calmar Iowa 414 East Main St Ossian IA 52161 420761054 501c3 7901 Tuition assistance Aquin Educational System Cascade PO Box 460 Cascade IA 52033 420859383 501c3 30853 Tuition assistance Notre Dame Elementary School Cresco Iowa 116 3rd St E Cresco IA 52136 421489681 501c3 5683 Operations Seton Catholic Schools Farley 7597 Burds Rd Peosta IA 52068 420939663 501c3 20155 Educational programs/needs, Operations, Tuition assistance St Francis Catholic School Marshalltown Iowa 310 Columbus Dr Marshalltown IA 50158 420918582 501c3 13068 Operations Trinity Catholic School Protivin Iowa 116 Main St Protivin IA 52163 421109802 501c3 5164 Operations Cedar Valley Catholic Schools 3231 W 9th St Waterloo IA 50702 420796767 501c3 25579 Operations St Joseph Cemetery Association Bellevue Iowa PO Box 6 Bellevue IA 52031 753190801 501c3 5890 Perpetual maintenance/repair St John's Cemetery Association Cedar Rapids IA 2107 J St SW Cedar Rapids IA 52404 420681045 501c3 8873 Perpetual maintenance/repair Mt Calvary Cemetery Association Cedar Rapids 2310 1st Ave NE Cedar Rapids IA 52402 420698296 501c3 15958 Perpetual maintenance/repair Calvary Cemetery Association Charles City Iowa 106 Chapel Ln Charles City IA 50616 420923759 501c3 23749 Perpetual maintenance/repair Resurrection Cemetery Association Inc Dubuque 4300 Asbury Rd Dubuque IA 52002 420866728 501c3 5232 Perpetual maintenance/repair Mt Calvary Cemetery Association Dubuque 1111 Davis Ave Dubuque IA 52001 420707105 501c3 64974 Perpetual maintenance/repair Mt Olivet Cemetery Association Dubuque Iowa 10556 Military Road Dubuque IA 52003 420426590 501c3 21312 Perpetual maintenance/repair St Francis Cemetery of Dyersville Dyersville Iowa 104 3rd St SW Dyersville IA 52040 861091771 501c3 21647 Perpetual maintenance/repair Immaculate Cemetery Association Haverhill Iowa 310 Columbus Dr Marshalltown IA 50158 420725231 501c3 5571 Perpetual maintenance/repair Sacred Heart Cemetery Association Monticello Iowa 210 E 3rd St Monticello IA 52310 450588164 501c3 8966 Perpetual maintenance/repair Holy Family Cemetery Association New Hampton 313 W Court St New Hampton IA 50659 371572644 501c3 8113 Perpetual maintenance/repair Catholic Cemeteries of Waterloo 3912 W 4th Street Waterloo IA 50701 420165873 501c3 24112 Perpetual maintenance/repair The Archdiocese of Dubuque 1229 Mt Loretta Avenue Dubuque IA 52003 420680409 501c3 508020 Operations Catholic Charities Foundation 1229 Mt Loretta Avenue Dubuque IA 52003 420680319 501c3 92035 Operations The Archdiocese of Dubuque Seminarian Education Endowment Fund 1229 Mt Loretta Avenue Dubuque IA 52004 421400343 501c3 212618 Educational programs/needs The Archdiocese of Dubuque Education Endowment Fund 1229 Mt Loretta Avenue Dubuque IA 52004 421400348 501c3 886290 Educational programs/needs, Tuition assistance St Stephen the Witness Catholic Student Center Cedar Falls 1019 West 23rd Street Cedar Falls IA 50613 421208336 501c3 19231 Operations Don Bosco High School Gilbertville Iowa 405 16th Ave Gilbertville IA 50634 420788230 501c3 26882 Operations 47 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 100060 0 0 0 0 0 5342 0 11106 0 116508 0 0 0 Form 990 Schedule J, Compensation Paid by Unrelated Organization: Michele Brock, Executive Director, was compensated by the Archdiocese of Dubuque, an unrelated organization, for services to The Catholic Foundation in the Archdiocese of Dubuque for the time period of July 2020 thru February 2021. Beginning in March 2021 Michele was compensated by the filing organization. Michele provides financial and management oversight to the organization. Compensation and benefits are reported on Part VII of the Form 990. Form 990, Part VI, Section A, line 1 The Executive Committee consists of a total of three members, the current Chair of the Board of Directors and two additional members. 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 two-thirds 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 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 Treasurer. 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 was compensated through payroll services by the Archdiocese of Dubuque, an unrelated, tax exempt organization for the time period of July 2020 thru February 2021. Beginning in March 2021 the Executive Director was compensated by the filing organization. The unrelated organization and filing organization used the Form 990 of similar exempt organizations, compensation surveys and studies, and approval by the board to determine compensation on an annual basis. The two organizations have a technical service agreement for such administrative services. 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. Form 990, Part IX, Compensation: The Organization reports compensation but does not file any W-2 forms. Compensation was paid by the Archdiocese of Dubuque, an unrelated organization, for services to The Catholic Foundation in the Archdiocese of Dubuque. The Archdiocese of Dubuque submits the W-2 forms.