CATHOLIC FOUNDATION OF MAINE: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CATHOLIC FOUNDATION OF MAINE (EIN 77-0612679)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201311349349300331
- Schema version
- 2011v1.5
- 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) |
|---|---|---|
| Timestamp | 2013-05-14T07:37:27-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010494526 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER NEWMAN & NOYES | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 507 | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 04112 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 770612679 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Catholic Foundation of Maine | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CATH | NameControl |
| Phone | 2073217894 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 799 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 04104 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David Twomey | Name |
| Title | Treasurer | Title |
| Phone | 2073217894 | Phone |
| Date Signed | 2013-05-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Nicholas E Porto | Name |
| PTIN | P01310283 | PTIN |
| Phone | 2078792100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Bishop Richard J Malone | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 799 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 04104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1978480 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.catholicfoundationmaine.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2003 | YearFormation |
| State Legal Domicile | ME | StateLegalDomicile |
| Activity Or Mission Description | To provide opportunities for people to charitably invest in Catholic entities in Maine. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 20 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2557976 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1402089 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 322123 | InvestmentIncomePriorYear |
| Investment Income Current Year | 576391 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2880099 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1978480 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3092681 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2089933 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 279765 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2825145 | OtherExpensePriorYear |
| Other Expenses Current Year | 3690606 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5917826 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5780539 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3037727 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3802059 | RevenuesLessExpensesCY |
| Total Assets BOY | 29649775 | TotalAssetsBOY |
| Total Assets EOY | 24758451 | TotalAssetsEOY |
| Total Liabilities BOY | 1104428 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 362555 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 28545347 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 24395896 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide opportunities for people to charitable invest in Catholic entities in Maine-for the long term. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5294089 | Expense |
| Grants | 2089933 | Grants |
| Description | Grants made to nonprofit organizations, including the Roman Catholic Diocese of Portland, parishes, schools, and other organizations. | Description |
| Total Program Service Expense | 5294089 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | David Twomey Treasurer | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2073217820 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 799 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 04104 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Claude Carbonneau | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Msgr Andrew Dubois | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Walter Elish | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Dolores Foster | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Ralph Good | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Thomas Gruber | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| James Hanley | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Dr Joseph Lee part year | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Anna Lyon | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Martha Muldoon | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| William S Richards | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Father Bruce Siket | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Rev John Skehan part year | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Harold Smith III | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Marielle Whelan | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Eric Wycoff | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Bishop Richard J Malone | ||||||
| President | 1.00 | X | 0 | 0 | 0 | X |
| Scott Johnson | ||||||
| Chairman | 1.00 | X | 0 | 0 | 0 | X |
| Frank Toole | ||||||
| Vice Chair | 1.00 | X | 0 | 0 | 0 | X |
| David Twomey | ||||||
| Treasurer | 1.00 | X | 0 | 0 | 0 | X |
| Christopher Reilly part year | ||||||
| Executive Director | 40.00 | 77086 | 0 | 15322 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 77086 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 15322 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Roman Catholic Diocese of Portland | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 510 Ocean Avenue | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 04104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | Administrative services | DescriptionOfServices |
| Compensation | 288567 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 1402089 | AllOtherContributions |
| Noncash Contributions | 150113 | NoncashContributions |
| Total Contributions | 1402089 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 576391 | TotalRevenueColumn |
| Exclusion | $576,391 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1978480 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $576,391 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2089933 | Total |
| Program Services | 2089933 | ProgramServices |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124560 | Total |
| Management And General | 124560 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26486 | Total |
| Program Services | 16156 | ProgramServices |
| Management And General | 10330 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13595 | Total |
| Fundraising | 13595 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29323 | Total |
| Management And General | 6534 | ManagementAndGeneral |
| Fundraising | 22789 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57 | Total |
| Management And General | 57 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1018 | Total |
| Management And General | 1018 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15530 | Total |
| Management And General | 15530 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Prov. for Pledge Losses | 3188000 | 3188000 | ||
| Expenses to Diocese | 288567 | 45203 | 243364 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3470 | Total |
| Management And General | 3453 | ManagementAndGeneral |
| Fundraising | 17 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5780539 | Total |
| Program Services | 5294089 | ProgramServices |
| Management And General | 206685 | ManagementAndGeneral |
| Fundraising | 279765 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59221 | BOY |
| EOY | 927187 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1454585 | BOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17028277 | BOY |
| EOY | 9902799 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11082285 | BOY |
| EOY | 13928465 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25407 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29649775 | BOY |
| EOY | 24758451 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47157 | BOY |
| EOY | 6151 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 551433 | BOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 481889 | BOY |
| EOY | 314207 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23949 | BOY |
| EOY | 42197 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1104428 | BOY |
| EOY | 362555 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -509286 | BOY |
| EOY | -708294 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5874596 | BOY |
| EOY | 2947263 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23180037 | BOY |
| EOY | 22156927 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28545347 | BOY |
| EOY | 24395896 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29649775 | BOY |
| EOY | 24758451 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3802059 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -347392 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 879360 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7835170 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 23878051 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2557976 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1402089 | CurrentTaxYear |
| Total | 36552646 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 879360 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7835170 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 23878051 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2557976 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1402089 | CurrentTaxYear |
| Total | 36552646 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 890614 | AmountsSubstContributorsTotal |
| Public Support Total170 | 35662032 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 84514 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 56185 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 142766 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 322123 | CurrentTaxYearMinus1Year |
| Current Tax Year | 576391 | CurrentTaxYear |
| Total | 1181979 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 37734625 | TotalSupport |
| Public Support Pertcentage170 | 0.94510 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.96850 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 0 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23506494 | BeginningOfYearBalance |
| Contributions | 900810 | Contributions |
| Investment Earnings Or Losses | -23115 | InvestmentEarningsOrLosses |
| Other Expenditures | 2054871 | OtherExpenditures |
| End Of Year Balance | 22329318 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 22587132 | BeginningOfYearBalance |
| Contributions | 250595 | Contributions |
| Investment Earnings Or Losses | 826053 | InvestmentEarningsOrLosses |
| Other Expenditures | 157286 | OtherExpenditures |
| End Of Year Balance | 23506494 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7556965 | BeginningOfYearBalance |
| Contributions | 14686768 | Contributions |
| Investment Earnings Or Losses | 405100 | InvestmentEarningsOrLosses |
| Other Expenditures | 61701 | OtherExpenditures |
| End Of Year Balance | 22587132 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4089043 | BeginningOfYearBalance |
| Contributions | 4096528 | Contributions |
| Investment Earnings Or Losses | -584087 | InvestmentEarningsOrLosses |
| Other Expenditures | 44519 | OtherExpenditures |
| End Of Year Balance | 7556965 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.98440 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.01560 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Charitable Gift Annuities | Description |
| Amount | $42,197 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 42197 | TotalOfAmounts |
| Total Revenue | 1978480 | TotalRevenue |
| Total Expenses | 5780539 | TotalExpenses |
| Excess Or Deficit For Year | -3802059 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -347392 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -347392 | TotalAdjustments |
| Excess Or Deficit Per FS | -4149451 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1506528 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -347392 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -347392 | RevenueNotRptdF990 |
| Revenue Subtotal | 1853920 | RevenueSubtotal |
| Investment Expenses Not Included | 124560 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 124560 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1978480 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5655979 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5655979 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 124560 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 124560 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5780539 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | Endowment funds are part of the Organization's capital campaign. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | 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, 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. The Foundation is no longer subject to income tax examinations by the U.S. Federal or State tax authorities for years before 2008. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| Roman Catholic Bishop of Portland | |||||||
| PO Box 11559 | Portland | ME | 04104 | 010212546 | 501(c)3 | 1551670 | Capital Campaign |
| Catholic Charities | |||||||
| PO Box 10660 | Portland | ME | 04104 | 010280225 | 501(c)3 | 536102 | Capital Campaign |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Organization only awards grants to qualifying 501(C)3 public charities; additional monitoring is not deemed necessary. | Explanation |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 19 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 150113 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Stock Exchange Price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | The Organization sells contributions of securities through its investment broker. All gifts of securities are sold as soon as administratively possible. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | The 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 Diocese 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 7a | The 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 7b | The following actions by the Board of Trustees is 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 11 | The Form 990 is reviewed by the treasurer of the board before being submitted to the IRS. | |
| Form 990, Part VI, Section B, line 12c | The 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 C, line 19 | The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. | |
| Form 990, Part XI, line 5: | Net unrealized losses on investments: -347,392. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XI, 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. | Financial Statements and Reporting |
| Form 990, Part IX, Line 24C | All employees of the Foundation are hired and paid through the Roman Catholic Diocese of Portland, an unrelated organization. The Foundation reimburses the Diocese for salaries, benefits and payroll taxes paid to individuals who work for the Foundation. As a result, no salaries or benefits are being expensed on Part IX, lines 5-10. | Reimbursed Expenses to the Diocese |
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