CATHOLIC FINANCIAL LIFE FOUNDATION INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- CATHOLIC FINANCIAL LIFE FOUNDATION INC (EIN 41-0182070)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-06-22
- IRS object ID
- 201501739349300910
- Schema version
- 2014v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-06-22T15:47:33-07:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410182070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CATHOLIC UNITED FINANCIAL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CATH | BusinessNameControlTxt |
| Phone | 6514900170 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3499 Lexington Ave N | AddressLine1Txt |
| City | Arden Hills | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55126 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael Ahles | PersonNm |
| Person Title | Sr. VP and Secretary/Treasurer | PersonTitleTxt |
| Phone | 6517654124 | PhoneNum |
| Signature | 2015-06-22 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Michael Ahles Sr VP Secretary Treas | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3499 Lexington Ave N | AddressLine1Txt |
| City | Arden Hills | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $88,247,274 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 0263 | GroupExemptionNum |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.catholicunited.org | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1878 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | To provide our members with life insurance, annuities and other products that contribute to the financial well-being and support the Roman Catholic Church in extending the faith. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 122 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $47,036,610 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $48,575,780 | CYProgramServiceRevenueAmt |
| PY Investment Income | $37,407,568 | PYInvestmentIncomeAmt |
| CY Investment Income | $38,310,124 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,373,741 | PYOtherRevenueAmt |
| CY Other Revenue | $1,361,370 | CYOtherRevenueAmt |
| PY Total Revenue | $85,817,919 | PYTotalRevenueAmt |
| CY Total Revenue | $88,247,274 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $897,837 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $944,524 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $68,714,665 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $70,947,944 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,810,522 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,163,240 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,013,002 | PYOtherExpensesAmt |
| CY Other Expenses | $8,443,372 | CYOtherExpensesAmt |
| PY Total Expenses | $85,436,026 | PYTotalExpensesAmt |
| CY Total Expenses | $87,499,080 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $381,893 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $748,194 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $806,197,188 | TotalAssetsBOYAmt |
| Total Assets EOY | $833,736,867 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $777,809,290 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $807,347,480 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $28,387,898 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $26,389,387 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Catholic United Financial exists as a not-for-profit fraternal benefit society to: Promote fraternalism and charity among its members through a Local Council system and a representative form of goverment. Provide its members with life insurance, annuities and other products, services and benefits that will contribute to the financial well-being of our members and their families. Support the Roman Catholic Church in extending the faith, especially by commending and encouraging Catholic schools and religious education. Strive to be a good employer and contributing member of our community. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $71,132,809 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Benefits totaling $71,132,809 were paid to or for members in accordance with our mission to provide life insurance, annuities and other products, services and benefits that contribute to the financial well-being of our members and their families. $8,004,204 was paid in death benefits, $62,949,740 was paid for annuity, supplementary contract and other policy benefits, and $178,865 was paid for post-high school tuition scholarships to members. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $565,817 | ExpenseAmt |
| Desc | In accordance with our mission to promote fraternalism and charity among our members through a local council system and representative governance, $565,817 was provided to our Councils and communities. Of this amount, $74,719 was spent to conduct our annual Delegate Convention and $58,898 was spent conducting Gather4Good events. Gather4Good is a volunteer, family oriented service project started in 2010 to assemble personal care kits for people in the local community experiencing homelessness. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $544,021 | ExpenseAmt |
| Desc | In accordance with our mission to support the Roman Catholic Church in extending the faith, commending and encouraging Catholic schools and religious education, Fraternal benefits totaling $502,439 were spent during the year. Of this total, $118,934 was provided to Catholic Dioceses and parishes, $80,212 was granted to organizations supportive of extending Catholic teachings, $158,595 was spent as operating support for our Foundation, and $144,698 was spent supporting Catholic education, including the Annual Catholic Schools Raffle. This Raffle has raised over $4 million for over 100 Catholic schools since its inception six years ago. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $0 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $72,242,647 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 62 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 122 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic United Financial | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6514900170 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3499 Lexington Ave N | AddressLine1Txt |
| City | Arden Hills | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 551268017 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Institutional TrusteeInstitutionalTrusteeInd | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| Harald Borrmann | ||||||||||
| President/Chairman | 37.5 | 0 | Yes (X) | Yes (X) | Yes (X) | Yes (X) | Yes (X) | $345,805 | $0 | $58,083 |
| Michael Ahles | ||||||||||
| Senior VP and Secretary/Treasurer | 37.5 | 0 | Yes (X) | Yes (X) | Yes (X) | Yes (X) | Yes (X) | $300,972 | $0 | $33,713 |
| Joseph Kueppers | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $19,700 | $0 | $0 | ||||
| Robert F Krattenmaker | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $18,100 | $0 | $0 | ||||
| George Gmach | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $17,600 | $0 | $0 | ||||
| John Maile | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $16,700 | $0 | $0 | ||||
| Michael J Schmitz | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $16,000 | $0 | $0 | ||||
| Renee Brod | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $16,000 | $0 | $0 | ||||
| Patricia Kasella | ||||||||||
| Board Member | 3 | 0 | Yes (X) | $15,300 | $0 | $0 | ||||
| Patrick Brown | ||||||||||
| Regional Sales Manager | 37.5 | 0 | Yes (X) | $217,390 | $0 | $57,947 | ||||
| John Tetzloff | ||||||||||
| Advanced Case Specialist/Trainer | 37.5 | 0 | Yes (X) | $168,598 | $0 | $41,588 | ||||
| Susan Stenzel | ||||||||||
| Sales Rep | 37.5 | 0 | Yes (X) | $143,708 | $0 | $41,199 | ||||
| Gregory Gall | ||||||||||
| Sales Rep | 37.5 | 3 | Yes (X) | $143,597 | $17,141 | $30,904 | ||||
| Peter Ryan | ||||||||||
| Sales Rep | 37.5 | 0 | Yes (X) | $143,510 | $0 | $37,387 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,582,980 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $17,141 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $300,821 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Stinson Leonard Street | ||||||
| 150 South Fifth Street | Suite 2300 | Minneapolis | MN | 55402 | Legal Services | $375,643 |
| Heidorn Consulting | ||||||
| 4825 N Scott Street 116 | OHare Aerospace Center | Schiller Park | IL | 60176 | Actuarial and Consulting Services | $204,248 |
| United Business Mail | ||||||
| 405 35th Ave NE | Minneapolis | MN | 55418 | Mail Service | $129,436 | |
| Sovran | ||||||
| 2915 Commers Drive | Suite 100 | Eagan | MN | 55121 | Computer Maintenance Assitance | $119,671 |
| Forum Communications Printing | ||||||
| 4601 16th Ave No | Fargo | ND | 58102 | Printing | $109,753 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| Premium Income | 900099 | $48,094,454 | $48,094,454 | $0 | $0 |
| Program Related Expenses | 524113 | $481,326 | $481,326 | $0 | $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $48,575,780 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,594,635 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $37,594,635 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $43,906 | RealAmt |
| Personal | $0 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $43,906 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $43,906 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $43,906 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $715,489 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $715,489 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $715,489 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $715,489 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other Investment Income | Desc |
| Business | 900001 | BusinessCd |
| Total Revenue Column | $1,317,464 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,317,464 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,317,464 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $88,247,274 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $48,575,780 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $39,671,494 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $707,859 | TotalAmt |
| Program Services | $707,859 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,665 | TotalAmt |
| Program Services | $236,665 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,947,944 | TotalAmt |
| Program Services | $70,947,944 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $857,972 | TotalAmt |
| Management And General | $857,972 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,871,354 | TotalAmt |
| Program Services | $100,156 | ProgramServicesAmt |
| Management And General | $3,771,198 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $899,106 | TotalAmt |
| Program Services | $5,056 | ProgramServicesAmt |
| Management And General | $894,050 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $974,030 | TotalAmt |
| Program Services | $14,671 | ProgramServicesAmt |
| Management And General | $959,359 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $560,778 | TotalAmt |
| Program Services | $6,157 | ProgramServicesAmt |
| Management And General | $554,621 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,790 | TotalAmt |
| Management And General | $452,790 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,984 | TotalAmt |
| Program Services | $9,800 | ProgramServicesAmt |
| Management And General | $268,184 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,457 | TotalAmt |
| Program Services | $5,967 | ProgramServicesAmt |
| Management And General | $190,490 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $569,611 | TotalAmt |
| Program Services | $5,483 | ProgramServicesAmt |
| Management And General | $564,128 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $332,034 | TotalAmt |
| Program Services | $1,894 | ProgramServicesAmt |
| Management And General | $330,140 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,763 | TotalAmt |
| Program Services | $3,784 | ProgramServicesAmt |
| Management And General | $200,979 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,087 | TotalAmt |
| Management And General | $328,087 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,903 | TotalAmt |
| Program Services | $3,468 | ProgramServicesAmt |
| Management And General | $138,435 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $192,939 | TotalAmt |
| Program Services | $75,778 | ProgramServicesAmt |
| Management And General | $117,161 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $621,028 | TotalAmt |
| Management And General | $621,028 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,146 | TotalAmt |
| Management And General | $95,146 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Sales Expenses | $4,227,306 | $116,865 | $4,110,441 | $0 |
| Operational Expenses | $697,308 | $1,100 | $696,208 | $0 |
| All Other Expenses | $106,016 | $0 | $106,016 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,499,080 | TotalAmt |
| Program Services | $72,242,647 | ProgramServicesAmt |
| Management And General | $15,256,433 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,181,684 | BOYAmt |
| EOY | $2,173,566 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,096,887 | BOYAmt |
| EOY | $6,890,481 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,814 | BOYAmt |
| EOY | $5,832 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,957,934 | BOYAmt |
| EOY | $6,605,907 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $239,051 | BOYAmt |
| EOY | $1,295,713 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,174,994 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,401,660 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,226,666 | BOYAmt |
| EOY | $2,773,334 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $754,606,953 | BOYAmt |
| EOY | $769,973,698 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,321,052 | BOYAmt |
| EOY | $35,260,543 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,562,147 | BOYAmt |
| EOY | $8,757,793 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $806,197,188 | BOYAmt |
| EOY | $833,736,867 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,968,192 | BOYAmt |
| EOY | $1,539,913 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $773,841,098 | BOYAmt |
| EOY | $805,807,567 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,809,290 | BOYAmt |
| EOY | $807,347,480 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,387,898 | BOYAmt |
| EOY | $26,389,387 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,387,898 | BOYAmt |
| EOY | $26,389,387 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $806,197,188 | BOYAmt |
| EOY | $833,736,867 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $748,194 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$2,746,705 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (1) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,593,221 | BeginningYearBalanceAmt |
| Contributions | $1,577,430 | ContributionsAmt |
| Investment Earnings Or Losses | $328,319 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $152,285 | GrantsOrScholarshipsAmt |
| Other Expenditures | $178,415 | OtherExpendituresAmt |
| Administrative Expenses | $16 | AdministrativeExpensesAmt |
| End Year Balance | $5,168,254 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,020,491 | BeginningYearBalanceAmt |
| Contributions | $733,315 | ContributionsAmt |
| Investment Earnings Or Losses | $193,511 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $175,693 | GrantsOrScholarshipsAmt |
| Other Expenditures | $178,403 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $3,593,221 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,157,027 | BeginningYearBalanceAmt |
| Contributions | $916,452 | ContributionsAmt |
| Investment Earnings Or Losses | $106,923 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $159,911 | OtherExpendituresAmt |
| Administrative Expenses | $0 | AdministrativeExpensesAmt |
| End Year Balance | $3,020,491 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $982,546 | BeginningYearBalanceAmt |
| Contributions | $1,223,754 | ContributionsAmt |
| Investment Earnings Or Losses | $160,743 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $0 | GrantsOrScholarshipsAmt |
| Other Expenditures | $206,699 | OtherExpendituresAmt |
| Administrative Expenses | $3,317 | AdministrativeExpensesAmt |
| End Year Balance | $2,157,027 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $880,580 | BeginningYearBalanceAmt |
| Contributions | $116,776 | ContributionsAmt |
| Investment Earnings Or Losses | $54,462 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $40,491 | GrantsOrScholarshipsAmt |
| Other Expenditures | $25,394 | OtherExpendituresAmt |
| Administrative Expenses | $3,387 | AdministrativeExpensesAmt |
| End Year Balance | $982,546 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.21 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.79 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Book Value | $0 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $6,692,805 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $2,816 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,089,968 | DepreciationAmt |
| Book Value | $2,605,653 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,447,994 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $31,379 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,311,692 | DepreciationAmt |
| Book Value | $167,681 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,773,334 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Life and Annuity Reserves | Desc |
| Amt | $805,807,567 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $805,807,567 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $86,050,889 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $0 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $0 | DonatedServicesAndUseFcltsAmt |
| Recoveries Prior Year Grants | $0 | RecoveriesPriorYearGrantsAmt |
| Other Revenue | -$1,444,488 | OtherRevenueAmt |
| Revenue Not Reported | -$1,444,488 | RevenueNotReportedAmt |
| Revenue Subtotal | $87,495,377 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $0 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $751,897 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $751,897 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $88,247,274 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $85,642,080 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $0 | DonatedServicesUseFcltsAmt |
| Prior Year Adjustments | $0 | PriorYearAdjustmentsAmt |
| Losses Reported | $0 | LossesReportedAmt |
| Other Expenses Included | -$1,073,026 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$1,073,026 | ExpensesNotReportedAmt |
| Expenses Subtotal | $86,715,106 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $0 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $783,974 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $783,974 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $87,499,080 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 | To support financially the spiritual, educational, and social needs of the Catholic community where Catholic United Financial has a presence. |
| Schedule D, Part XI, Line 2d | $1,444,488 Investment Expenses |
| Schedule D, Part XI, Line 4b | Statutory Accounting Rules are different from the Form 990 Rules. $362,620 RE Depreciation, ($408,112) Rent Expense, $304,096 Profit on Sale of Ledger Assets, $181,138 Profit on Sale of Bonds, $79,970 Gain on Surplus Notes, $150,285 Gain on Sale of Mutual Funds, and $80,900 LLC Income. |
| Schedule D, Part XII, Line 2d | $1,329,606 General Expense to Investment Expense, $114,882 Insurance, License and Taxes Expense and ($407,112) Rent Expense,Pre-paid expense 35,653 and $3 Rounding. |
| Schedule D, Part XII, Line 4b | $340,243 Refund to Members, $81,111 LLC Expenses, and $362,620 RE Depreciation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|---|
| Our Lady of the Prairie Catholic Church and School | ||||||||
| 215 Chestnut Street | Belle Plaine | MN | 56011 | 416027712 | 170(f)(8) | $7,500 | Building project/Capital campaign | |
| Rochester Catholic Schools | ||||||||
| 1710 Industrial Drive NW | Rochester | MN | 55901 | 410740119 | 501(c)(3) | $8,333 | Building Project | Lourdes Building Our Future |
| Catholic United Financial Foundation | ||||||||
| 3499 Lexington Ave N | St Paul | MN | 55126 | 411893463 | 501(c)(3) | $50,000 | Match donations made to the Msgr Schuler Fund | |
| Catholic United Financial Foundation | ||||||||
| 3499 Lexington Ave N | St Paul | MN | 55126 | 411893463 | 501(c)(3) | $9,574 | Disaster relief equipment and administrative expenses. | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|
| Post High School Scholorships | 529 | $178,865 | $0 |
| Local Council Fraternal Secretary Allowances (stipends) | 134 | $51,800 | $0 |
| Member Assistance Grants | 6 | $6,000 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 | FormAndLineReferenceDesc |
| Explanation | All grants are approved by the Board of Directors. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Harald Borrmann | ||||||||||||||
| President/Chairman | $339,900 | $0 | $0 | $0 | $11,501 | $0 | $0 | $0 | $58,083 | $0 | $409,484 | $0 | $0 | $0 |
| Michael Ahles | ||||||||||||||
| Senior VP and Secretary/Treasurer | $297,975 | $0 | $0 | $0 | $9,433 | $0 | $0 | $0 | $33,713 | $0 | $341,121 | $0 | $0 | $0 |
| Patrick Brown | ||||||||||||||
| Regional Sales Manager | $203,590 | $0 | $10,925 | $0 | $6,811 | $0 | $0 | $0 | $57,947 | $0 | $279,273 | $0 | $0 | $0 |
| John Tetzloff | ||||||||||||||
| Advanced Case Specialist/Trainer | $148,235 | $0 | $5,000 | $0 | $6,083 | $0 | $0 | $0 | $41,588 | $0 | $200,906 | $0 | $0 | $0 |
| Susan Stenzel | ||||||||||||||
| Sales Rep | $130,920 | $0 | $10,368 | $0 | $6,356 | $0 | $0 | $0 | $41,199 | $0 | $188,843 | $0 | $0 | $0 |
| Peter Ryan | ||||||||||||||
| Sales Rep | $133,325 | $0 | $7,107 | $0 | $7,014 | $0 | $0 | $0 | $37,387 | $0 | $184,833 | $0 | $0 | $0 |
| Gregory Gall | ||||||||||||||
| Sales Rep | $132,446 | $17,141 | $8,283 | $0 | $6,804 | $0 | $0 | $0 | $30,904 | $0 | $178,437 | $17,141 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a | Spouses of officers are allowed to travel as part of Catholic United's expense to a limited number of conferences. |
| Schedule J, Part I, Line 3 | Our officer's salaries are reviewed annually by the Board of Directors Compensation Committee...and we use industry salary comparisons supplied by the Employers Association. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, Line 4 | Amendments to the Constitution and Bylaws of Catholic United Financial At the regular Annual Convention of Catholic United Financial held at the River's Edge Convention Center, St. Cloud, Minnesota on August 2, 2014, a majority of delegates being present, the following changes were made to the Constitution and Bylaws: Article IX - Location of Principal Office, changing the city from "St. Paul" to "Arden Hills." The principal office of the Association shall be located at 3499 Lexington Avenue North, Arden Hills, Minnesota, 55126. Addition of Article X and XI Article X Any action required or permitted to be taken by the Board of Directors may be taken by written action signed by two-thirds of the members of the Board of Directors, except as to those matters that require Member approval, in which case the written action must be signed by all Directors. In undertaking any written action, reasonable efforts must be taken to notify all Directors of its text and effective date prior to the time required for its completion. Article XI A Director of the corporation shall not be personally liable to the Association, Members or delegates for monetary damages for breach of fiduciary duty as a Director. The foregoing shall not be deemed to eliminate the liability of a Director (1) for any breach of the Director's duty of loyalty to the Association, its Members or delegates; (2) for acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of law; (3) for any transaction from which the Director derived an improper personal benefit; or (4) for any act or omission occurring prior to the date when the provision eliminating or limiting liability becomes effective. Any repeal or modification of this section shall not adversely affect any right or protection of a Director existing at the time of such repeal or modification. Bylaw 11 - Increasing the Delegate stipend from $50.00 to $75.00 in the first line Delegates shall receive a stipend of $75.00 for attending all sessions of the Delegate Convention. Bylaw 30 - Change to the first sentence The Association shall completely indemnify to the full extent now or hereafter permitted by law, any person who was or is a party or is threatened to be made a party to any contemplated, pending, or completed action, suit or proceeding, wherever the same may be brought, and whether civil, criminal, administrative, or investigative, by reason of fact that such person is or was a Director, Officer, or employee of the Association, not a local council, or of any firm, corporation, or organization which the person served in any capacity at the request of the Association, against all expenses, attorney's fees, judgments, costs, fines, and amounts paid in settlement actually and reasonably incurred by such person in connection with the investigation, defense, handling, negotiation and settlement of any such action, suit or proceeding. Bylaw 38(b)(1) - Add "breach of fiduciary duty" to the fourth sentence. The claims to which that sentence refers include all claims, actions, disputes, and grievances of any kind or nature whatsoever, including, but not limited to, claims based on breach of contract, fraud, misrepresentation, violation of statute, breach of fiduciary duty, discrimination, denial of civil rights, conspiracy, defamation, and infliction of distress, against the Association or its Directors, Officers, sales representatives or other employees. The following changes were also approved: Capitalize all references to "member," when referring to a policyholder throughout the Constitution and Bylaws. Change all references from "he/she" and "his/hers" to "they" and "their" as appropriate in the Constitution and Bylaws. The changes listed above are effective 1/1/2015. |
| Form 990, Part VI, Section A, Line 6 | Catholic United Financial is a not-for-profit fraternal life insurance company that is owned by its members under IRC Section 501(c)(8), Fraternal Benefit Society. |
| Form 990, Part VI, Section A, Line 7a | Delegates of the membership vote for officers and board members. |
| Form 990, Part VI, Section A, Line 7b | Per our Constitution, certain fundamental decisions must be approved by the membership. These would include organizational changes, name changes, etc. |
| Form 990, Part VI, Section B, Line 11b | Catholic United Financial has a process it follows for reviewing the Form 990. It starts with a review of the Governance Checklist. Followed by an analysis of the 990 draft by the President and Sr. VP Secretary/Treasurer. Once the draft is approved by management, it is posted to the Board of Directors secure website for their review. The Board reviews the Form 990 and members are required to sign off on the form prior to filing. |
| Form 990, Part VI, Section B, Line 12c | The Conflict of Interest Policy is reviewed annually or as needed throughout the year. |
| Form 990, Part VI, Section B, Line 15 | President and Secretary Treasurer position salaries are reviewed annually by the Board of Directors Compensation Committee. |
| Form 990, Part VI, Section C, Line 19 | The organization makes our governing documents available via printed Constitution and Bylaws. The financial statement is filed with the State of Minnesota and made available to the public. The Conflict of Interest Policy is available by request only. |
| Form 990, Part XI, Line 9 | Change in Non-Admitted Assets $916,101, Change in Asset Valuation Reserve ($718,451), Change in Net Unrealized Capital Gains $377,230, and Change in Surplus ($3,357,237), and Pre-Paid Expense - Non Admitted $35,653 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic United Financial General Agency LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3499 Lexington Ave N | AddressLine1Txt |
| City | Saint Paul | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411906554 | EIN |
| Primary Activities | Established to sell nonproprietary long term care products to our members. | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Total Income | $80,900 | TotalIncomeAmt |
| End Of Year Assets | $25,432 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic United Financial | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Catholic United Financial Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3499 Lexington Ave N | AddressLine1Txt |
| City | Saint Paul | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55126 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411893463 | EIN |
| Primary Activities | Charitable foundation assisting members with their charitable giving. | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Public Charity | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Catholic United Financial Foundation | ||
| b | $50,000 | Cash |
| Catholic United Financial Foundation | ||
| o | $100,077 | Actual expenses incurred. |
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