2021-03-15T17:34:44-05:00 2020-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2019-07-01 451740219 Catholic Foundation for the Archdiocese of Dubuque CATH 5635520176 120 5th St NW Cedar Rapids IA 52405 Michele Brock Executive Director 5635520176 2021-03-15 1 Kim Hunwardsen CPA P00484560 6122536500 2021-03-15 2019 2022-09-23 18:48:47Z X The Catholic Foundation in the Archdiocese of Dubuque Michele Brock 120 5th St NW Cedar Rapids IA 52405 16404288 0 X www.ourcfad.org X 2011 IA To help donors sustain Catholic organizations in the Archdiocese of Dubuque. 11 11 0 12 0 0 9545426 3125257 535617 583985 12799229 3173941 0 0 22880272 6883183 1712001 2653253 0 0 0 129400 0 0 0 662258 604261 2374259 3386914 20506013 3496269 101185338 105423795 18777660 20393737 82407678 85030058 X To sustain a vibrant Catholic faith in the Archdiocese of Dubuque through professional financial planning. 0 0 3115762 2653253 583985 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 two primary ways: investment and granting of charitable funds and legacy giving services.CFAD receives and manages assets via Catholic responsible investing to provide perpetual funding for Catholic parishes, schools and ministries. In FY2020, 15 new funds were added for such purposes and $2,653,253 in grants were given to 109 organizations.CFAD works with Catholic organizations and their donors through its legacy giving program. In FY20, three new organizations began the program through CFAD. Thousands of individuals in the area sought information through CFAD's services regarding charitable giving. 3115762 1 1 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 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 as of July 2019 40.00 X 46959 0 7850 Maureen Gronstal Chair 0.50 X X 0 0 0 Brian Kane Vice Chair 0.50 X X 0 0 0 Ken Keune Secretary 0.50 X X 0 0 0 Most Rev Michael Jackels Director Ex-Officio 0.50 X 0 0 0 Brian McConnell Director 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 Richard Runde Treasurer (non-voting) 0.50 X 0 0 0 46959 0 7850 0 0 0 1 0 3125257 3125257 Administration Fees 561000 579430 579430 Management Fees 561000 4550 4550 5 5 583985 1982457 1982457 10712589 9521105 1191484 1191484 1191484 6883183 583985 0 3173941 X 2653253 2653253 121850 121850 7550 7550 8250 8250 462509 462509 100096 100096 17640 17640 2548 2548 6600 6600 4640 4640 754 754 1224 1224 3386914 3115762 271152 0 159472 352829 832992 214 4383 458 1433 2936 2936 0 0 85911160 89343278 15114034 14888880 101185338 105423795 33619 96205 18744041 19460469 0 837063 18777660 20393737 X 82087631 84712077 320047 317981 82407678 85030058 101185338 105423795 3496269 -873889 0 X 0 1 X 1 0 X 5180783 7143693 37906997 9545426 3125257 62902156 5180783 7143693 37906997 9545426 3125257 62902156 62902156 481345 497467 1136708 1604593 1982457 5702570 68604726 1939968 0.91690 0.93970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2936 2936 0 0 Annuity/life insurance 4000000 F Investments in Alternative Investment Grantor Trust 10888880 F 14888880 ArchdioceseOne Payable 837063 837063 X 526428 8422 8422 518006 71984 6293193 6365177 6883183 280484 0 280484 71984 3034446 3106430 3386914 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 3,124,532. Interest income on designated funds recorded as revenue on Form 990 1,977,177. Realized gain on designated funds recorded as revenue on Form 990 1,191,484. Part XII, Line 4b - Other Adjustments: Designated endowment distributions recorded in functional exps on Form 990 2,643,921. Designated endowment fees recorded in functional expense on Form 990 390,525. 1 All Saints Church 720 29th St SE Cedar Rapids IA 52403 420698056 501(c)(3) 68395 Provide funds to the beneficiary in four categories: All Saints Church, All Saints School, Scholarships and Unrestricted Aquin Educational System PO Box 460 Cascade IA 520330460 420859383 501(c)(3) 30000 Provide tuition assistance to families attending Aquin Catholic Elementary School, Cascade, Iowa. Basilica of St Francis Xavier 104 Third St SW Dyersville IA 52040 420730353 501(c)(3) 21154 Assist the parish in paying for education subsidies Blessed Sacrament Church 650 Stephan Avenue Waterloo IA 507012036 420681065 501(c)(3) 44135 Provide for the needs of Blessed Sacrament Parish in Waterloo, Iowa Calvary Cemetery Association 106 Chapel Ln Charles City IA 50616 420923759 501(c)(3) 22838 For the perpetual care, maintenance and repair of Calvary Cemetery, Charles City, Iowa Catholic Cemeteries of Waterloo 320 Mulberry St Waterloo IA 50703 420165873 501(c)(3) 53684 For the perpetual care, maintenance and repair of the Catholic Cemeteries of Waterloo, Waterloo, Iowa Cedar Valley Catholic Schools 3231 W 9th St Waterloo IA 50702 420796767 501(c)(3) 24276 For general operations of the Cedar Valley Catholic Schools Don Bosco High School 405 16th Ave Gilbertville IA 50634 420788230 501(c)(3) 26689 Provide general support to Don Bosco Catholic School, Gilbertville, Iowa Holy Family Cemetery Association 313 W Court St New Hampton IA 506591118 371572644 501(c)(3) 7820 For the perpetual care, maintenance, and repair of Holy Family Cemetery, New Hamption, Iowa Holy Spirit Parish 2215 Windsor Ave Dubuque IA 52001 420738963 501(c)(3) 39287 Assist with the education related expenses of Holy Spirit Parish, Dubuque, Iowa Immaculate Conception Church Charles City 106 Chapel Ln Charles City IA 50616 420725300 501(c)(3) 17923 Provide funds for educational programming at the parish Immaculate Conception Church Gilbertville PO Box 136 Gilbertville IA 50634 420698206 501(c)(3) 22244 Provide funds solely to support the educational programs of Immacualte Conception Church, Gilbertville, IA Mt Calvary Cemetery Association Cedar Rapids 2310 1st Ave NE Cedar Rapids IA 52402 420698296 501(c)(3) 14882 For the perpetual care, maintenance, and repair of Mt. Calvary Cemetery Association, Cedar Rapids, Iowa Mt Calvary Cemetery Association Dubuque 1111 Davis Ave Dubuque IA 52001 420707105 501(c)(3) 61944 For the perpetual care, maintenance, and repair of Mt. Calvary Cemetery Association, Dubuque, Iowa Mt Olivet Cemetery Association 10556 Military Road Dubuque IA 52003 420426590 501(c)(3) 20395 For the perpetual care, maintenance and repair of Mt. Olivet Cemetery, Dubuque, Iowa Notre Dame Church 116 3rd St E Cresco IA 52136 421489681 501(c)(3) 5361 Educational programs SS Peter and Paul Church 1625 300th Ave Dyersville IA 52040 420710266 501(c)(3) 6571 Assist with costs of Catholic education for S.S. Peter and Paul parishioners Sacred Heart Cemetery Association 210 E 3rd St Monticello IA 52310 450588164 501(c)(3) 8842 For the perpetual care, maintenance and repair of Sacred Heart Cemetery, Monticello, Iowa Sacred Heart Church 608 2nd Ave SE Clarion IA 50525 420680367 501(c)(3) 9599 For the operations of the Sacred Heart Church, Eagle Grove, IA Seton Catholic Schools 104 First St SE PO Box 286 Epworth IA 52045 420939663 501(c)(3) 15286 Assist with the operational expenses of Seton Catholic Schools, Farley, Iowa St Anthony Church 1870 Saint Ambrose Dubuque IA 52001 420680265 501(c)(3) 14365 Assist with the educational related expenses of St. Anthony Church in Dubuque, Iowa. St Athanasius Church PO Box 316 Jesup IA 50648 680563797 501(c)(3) 8319 Provide additonal financial support for the parish's educational needs St Cecilia Church 2900 Hoover Ave Ames IA 50010 420788215 501(c)(3) 20795 Fund church ministries at St. Cecilia Church, Ames, Iowa St Francis Catholic School 310 Columbus Dr Marshalltown IA 50158 420918582 501(c)(3) 11874 Operations St Francis Cemetery of Dyersville 104 3rd St SW Dyersville IA 52040 861091771 501(c)(3) 20451 For the perpetual care, maintenance and repair of St. Francis Xavier Cemetery, Dyersville, Iowa St Francis Church PO Box 819 Calmar IA 52132 420680343 501(c)(3) 5779 Educational programs St John's Cemetery Association 2107 J St SW Cedar Rapids IA 52404 420681045 501(c)(3) 8750 Perpetual maintenance and repair St Joseph Cemetery Association PO Box 6 Bellevue IA 52031 753190801 501(c)(3) 5780 For the perpetual care, maintenance and repair of St. Joseph Cemetery, Bellevue, Iowa St Joseph Church Marion 1790 14th St Marion IA 52302 420782534 501(c)(3) 53187 To be used for the needs of St. Joseph Parish, Marion, Iowa, at the discretion of the finance council as advisory to the pastor St Joseph the Worker Church 60 S Algona St Dubuque IA 52001 420698063 501(c)(3) 44756 Educational programs St Joseph's Church 405 Franklin St Bellevue IA 52031 420718463 501(c)(3) 12315 Assist with education related expenses of St. Joseph's Church in Bellevue, IA St Matthias Parish PO Box 699 Cascade IA 520330699 420725147 501(c)(3) 9329 Assist with the educational costs of St. Matthias Parish, Cascade, Iowa St Patrick's Cemetery Association PO Box 1521 Monona IA 52159 743183151 501(c)(3) 6524 Perpetual maintenance and repair St Patrick's Church Cedar Falls 705 Main Street Cedar Falls IA 50613 420703284 501(c)(3) 21567 To be used for the general operations of the St. Patrick, Cedar Falls, School St Patrick's Church Waukon PO Box 146 Waukon IA 521720146 420698115 501(c)(3) 10200 Provide for the needs of St. Patrick's School in Waukon, Iowa St Raphael Cathadral 231 Bluff St Dubuque IA 52001 420703275 501(c)(3) 23027 Provide funds for the Program of Liturgical Music at St. Raphael's Cathedral, Dubuque St Stephen the Witness Catholic Student Center 1019 West 23rd Street Cedar Falls IA 506133550 421208336 501(c)(3) 19076 Assist with the operational costs of St. Stephen the Witness Student Center at the University of Northern Iowa ("UNI") St Teresa of Calcutta School PO Box 819 Calmar IA 52132 420761054 501(c)(3) 9802 Tuition assistance St Thomas Aquinas Church 2210 Lincoln Way Ames IA 50014 420698050 501(c)(3) 84893 Assist St. Thomas Aquinas Church with expenses for staff training, professional development and sabbaticals The Archdiocese of Dubuque 1229 Mt Loretta Avenue Dubuque IA 52003 420680409 501(c)(3) 536087 Assist with the operational costs of the Archdiocese of Dubuque The Archdiocese of Dubuque Education Fund PO Box 479 Dubuque IA 52004 421400348 501(c)(3) 860126 Tuition for pupils at St. John's Catholic School, Independence, IA; St. Athanasius Catholic School, Jesup, IA; and Don Bosco Catholic School, Gilbertville, IA The Archdiocese of Dubuque Seminarian Education Endowment Fund 1229 Mt Loretta Avenue Dubuque IA 52004 421400343 501(c)(3) 205176 Scholarships The Church of the Nativity 1225 Alta Vista St Dubuque IA 52001 420707103 501(c)(3) 5004 Scholarships The Sacred Heart Church 200 S Vermont St Maquoketa IA 52060 420725234 501(c)(3) 12664 Assist with the education related expenses of Sacred Heart Parish Trinity Catholic School 116 Main St Protivin IA 52163 421109802 501(c)(3) 5163 Educational programs 45 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 as of July 2019 46959 0 0 0 0 0 2524 0 5497 0 54980 0 0 0 Form 990 Schedule J, Compensation Paid by Unrelated Organization Michele Brock, Executive Director, is compensated by the Archdiocese of Dubuque, an unrelated organization, for services to The Catholic Foundation in the Archdiocese of Dubuque. The Archdiocese serves as payroll administrator through a technical services agreement with The Catholic Foundation in the Archdiocese of Dubuque. Michele provides financial and management oversight to the organization. Compensation and benefits are reported on Schedule J, Part II and 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 President of the organization is compensated through payroll services by the Archdiocese of Dubuque, an unrelated, tax exempt organization. The Catholic Foundation in the Archdiocese of Dubuque uses the Form 990 of similar exempt organizations, compensation surveys and studies, and approval by the board to determine compensation on an annual basis. The Catholic Foundation in the Archdiocese of Dubuque reimburses the Archdiocese for the compensation. 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, Line 1: 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.