2012-05-15T15:12:25-05:00 2011-06-30 BAKER NEWMAN & NOYES PO BOX 507 PORTLAND ME 04112 990 2010-07-01 770612679 The Catholic Foundation of Maine CATH 2077736471 PO Box 799 Portland ME 04104 Christopher Reilly 2073217820 2012-05-15 1 Nicholas E Porto 2078792100 2012-05-15 2010 2016-02-24 21:20:13Z Bishop Richard J Malone PO Box 799 Portland ME 04104 2880099 0 X www.catholicfoundationmaine.org X 2003 ME To provide support to the Catholic organizations in the State of Maine. 21 21 0 0 0 0 23878051 2557976 0 0 142766 322123 0 0 24020817 2880099 2580657 3092681 0 0 0 0 0 0 247730 480026 2825145 3060683 5917826 20960134 -3037727 32138887 29649775 1283517 1104428 30855370 28545347 To provide Catholics with the opportunity to financially support the vitality of parishes and other Catholic organizations, institutions, and ministries within the State of Maine now and in the future. 0 0 5500681 3092681 0 Grants made to nonprofit organizations, including the Roman Catholic Diocese of Portland, parishes, schools, and other organizations. 5500681 1 1 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 ME X David Twomey 2073217820 PO Box 799 Portland ME 04104 Bishop Richard J Malone 1.00 X X 0 0 0 Scott Johnson 1.00 X X 0 0 0 Frank Toole 1.00 X X 0 0 0 David Twomey 1.00 X X 0 0 0 Cynthia Murray-Beliveau 1.00 X X 0 0 0 Robert Danielson 1.00 X 0 0 0 Msgr Andrew Dubois 1.00 X 0 0 0 Walter Elish 1.00 X 0 0 0 Dolores Foster 1.00 X 0 0 0 Michael Girardin 1.00 X 0 0 0 Ralph Good 1.00 X 0 0 0 Thomas Gruber 1.00 X 0 0 0 Richard LeBlanc 1.00 X 0 0 0 Dr Joseph Lee 1.00 X 0 0 0 Anna Lyons 1.00 X 0 0 0 Martha Muldoon 1.00 X 0 0 0 David Putnam 1.00 X 0 0 0 Rev John Skehan 1.00 X 0 0 0 Harold Smith III 1.00 X 0 0 0 Daniel Wellehan 1.00 X 0 0 0 Mariellen Whelan 1.00 X 0 0 0 Christopher Reilly 40.00 X 73798 0 13736 73798 0 13736 0 0 0 0 Roman Catholic Diocese of Portland 510 Ocean Avenue Portland ME 04104 Administrative Services 260109 1 2557976 225727 2557976 322123 322123 2880099 0 0 322123 3092681 3092681 80452 80452 13814 13814 1000 1000 38961 15172 23789 846 846 3605 3605 17071 17071 Prov. for Pledge Losses 2408000 2408000 Expenses to Diocese 260109 38305 221804 1287 150 1137 5917826 5500681 169415 247730 133345 59221 3707444 1454585 23354903 17028277 4943195 11082285 0 25407 32138887 29649775 69124 47157 471143 551433 743250 481889 0 23949 1283517 1104428 X -869948 -509286 7705774 5874596 24019544 23180037 30855370 28545347 32138887 29649775 X -3037727 727704 X X 0 1 1 X 0 X 1208578 879360 7835170 23878051 2557976 36359135 1208578 879360 7835170 23878051 2557976 36359135 519806 35839329 40124 84514 56185 142766 322123 645712 37004847 0.96850 0.98130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 22587132 250595 826053 157286 23506494 7556965 14686768 405100 61701 22587132 4089043 4096528 -584087 44519 7556965 0.00000 0.98320 0.01680 0 0 0 Charitable Gift Annuities 23949 23949 2880099 5917826 -3037727 727704 727704 -2310023 3527351 727704 727704 2799647 80452 80452 2880099 5837374 0 5837374 80452 80452 5917826 Part IV, Line 2b: The Organization holds, invests, and reports on funds owned by Catholic Charities of Maine. 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 2007. 1 All Saints 132 McKeen Street Brunswick ME 04011 010212546 501(c)3 50089 General purposes of Parish, as directed by donors to recent capital campaign Blessed Kateri Tekakwitha-Calais PO Box 898 Calais ME 04619 010212546 501(c)3 20808 General purposes of Parish, as directed by donors to recent capital campaign Blessed Teresa of Calcutta 32 Parish Street Norway ME 04268 010212546 501(c)3 160895 General purposes of Parish, as directed by donors to recent capital campaign Cathedral of the Immaculate Conception-Portland 307 Congress Street Portland ME 04101 010212546 501(c)3 90050 General purposes of Parish, as directed by donors to recent capital campaign Christ the Divine Mercy-East Millinocket PO Box 400 East Millinocket ME 04430 010212546 501(c)3 21445 General purposes of Parish, as directed by donors to recent capital campaign Christ the King-Skowhegan PO Box 369 Skowhegan ME 04976 010212546 501(c)3 17559 General purposes of Parish, as directed by donors to recent capital campaign Corpus Christi-Waterville 70 Pleasant Street Waterville ME 04901 010212546 501(c)3 126634 General purposes of Parish, as directed by donors to recent capital campaign Good Shepherd-Biddeford-Saco 271 Main Street Saco ME 04072 010212546 501(c)3 103254 General purposes of Parish, as directed by donors to recent capital campaign Holy Cross-South Portland 29 Aspen Road South Portland ME 04106 010212546 501(c)3 17945 General purposes of Parish, as directed by donors to recent capital campaign Holy Family-Greenville PO Box 457 Greenville ME 04441 010212546 501(c)3 5727 General purposes of parish, as directed by donors to recent capital campaign Holy Martyrs-Falmouth 266 Foreside Road Falmouth ME 04105 010212546 501(c)3 45246 General purposes of Parish, as directed by donors to recent capital campaign Holy Redeemer-Bar Harbor 21 Ledgelawn Avenue Bar Harbor ME 04609 010212546 501(c)3 10688 General purposes of Parish, as directed by donors to recent capital campaign Holy Savior-Rumford 126 Maine Avenue Rumford ME 04276 010212546 501(c)3 16191 General purposes of Parish, as directed by donors to recent capital campaign Holy Spirit-Wells 236 Eldridge Road Wells ME 04090 010212546 501(c)3 31326 General purposes of Parish, as directed by donors to recent capital campaign Holy Trinity-Lisbon Falls 67 Frost Hill Road Lisbon Falls ME 04252 010212546 501(c)3 9515 General purposes of Parish, as directed by donors to recent capital campaign Immaculate Heart of Mary-Auburn 24 Sacred Heart Place Auburn ME 04212 010212546 501(c)3 20938 General purposes of Parish, as directed by donors to recent capital campaign Notre Dame du Mont Carmel-Madawaska PO Box 128 Madawaska ME 04756 010212546 501(c)3 31573 Grant to fund capital campaign expenses Our Lady of Perpetual Help-Windham 919 Roosevelt Trail Windham ME 04062 010212546 501(c)3 23364 General purposes of Parish, as directed by donors to recent capital campaign Our Lady of the Lakes-Oquossoc PO Box 333 Oquossoc ME 04964 010212546 501(c)3 12316 General purposes of Parish, as directed by donors to recent capital campaign Our Lady of the Snows-Dover-Foxcroft PO Box 193 Dexter ME 04930 010212546 501(c)3 7401 General purposes of Parish, as directed by donors to recent capital campaign Our Lady of the Valley-StAgatha PO Box 128 Madawaska ME 14756 010212546 501(c)3 13794 General purposes of Parish, as directed by donors to recent capital campaign Precious Blood-Caribou PO Box 625 Caribou ME 04736 010212546 501(c)3 58943 General purposes of Parish, as directed by donors to recent capital campaign Prince of Peace-Lewiston PO Box 1540 Lewiston ME 04241 010212546 501(c)3 182106 General purposes of Parish, as directed by donors to recent capital campaign Resurrection-Old Town 429 Main Street Old Town ME 04468 010212546 501(c)3 26468 General purposes of Parish, as directed by donors to recent capital campaign Sacred HeartSt Dominic-Portland 307 Congress Street Portland ME 04101 010212546 501(c)3 9044 General purposes of Parish, as directed by donors to recent capital campaign Sacred Heart-Hallowell 12 Summer Street Hallowell ME 04347 010212546 501(c)3 7481 General purposes of Parish, as directed by donors to recent capital campaign Sacred Heart-Yarmouth 266 Foreside Road Falmouth ME 04105 010212546 501(c)3 18145 General purposes of Parish, as directed by donors to recent capital campaign St Anne-Gorham 299 Maine Street Gorham ME 04038 010212546 501(c)3 33666 General purposes of Parish, as directed by donors to recent capital campaign St Anthony of Padua-Westbrook 63 Dana Court Westbrook ME 04092 010212546 501(c)3 17000 General purposes of Parish, as directed by donors to recent capital campaign St Anthony-Jackman PO Box 457 Greenville ME 04441 010212546 501(c)3 36860 General purposes of Parish, as directed by donors to recent capital campaign St Bartholomew-Cape Elizabeth 8 Two Lights Road Cape Elizabeth ME 04107 010212546 501(c)3 16601 General purposes of Parish, as directed by donors to recent capital campaign St Brendan the Navigator-Camden 7 Union Street Camden ME 04843 010212546 501(c)3 30832 General purposes of Parish, as directed by donors to recent capital campaign St Christopher-Peaks Island 307 Congress Street Portland ME 04101 010212546 501(c)3 9938 General purposes of Parish, as directed by donors to recent capital campaign St Christopher-York 6 Whipple Road Kittery ME 03904 010212546 501(c)3 25021 General purposes of Parish, as directed by donors to recent capital campaign St Gregory-Gray PO Box 345 Gray ME 04039 010212546 501(c)3 6140 General purposes of Parish, as directed by donors to recent capital campaign St John the Evangelist-South Portland 29 Aspen Road South Portland ME 04106 010212546 501(c)3 5216 General purposes of Parish, as directed by donors to recent capital campaign St John Vianney-Fort Kent 26 East Main Street Fort Kent ME 04743 010212546 501(c)3 24202 General purposes of Parish, as directed by donors to recent capital campaign St Joseph-Bridgton 225 High Street Bridgton ME 04009 010212546 501(c)3 15388 General purposes of Parish, as directed by donors to recent capital campaign St Joseph-Ellsworth 231 Main Street Ellsworth ME 04605 010212546 501(c)3 12775 General purposes of Parish, as directed by donors to recent capital campaign St Joseph-Farmington 133 Middle Street Farmington ME 04938 010212546 501(c)3 19277 General purposes of Parish, as directed by donors to recent capital campaign St Joseph-Portland 673 Stevens Avenue Portland ME 04103 010212546 501(c)3 26294 General purposes of Parish, as directed by donors to recent capital campaign St Mary-Houlton 110 Military Street Houlton ME 04730 010212546 501(c)3 8090 General purposes of Parish, as directed by donors to recent capital campaign St Mary-Lincoln PO Box 310 Lincoln ME 04457 010212546 501(c)3 7972 General purposes of Parish, as directed by donors to recent capital campaign St Matthew-Limerick 19 Dora Lane Limerick ME 04048 010212546 501(c)3 7856 General purposes of Parish, as directed by donors to recent capital campaign St Maximillian Kolbe-Scarborough PO Box 57 Scarborough ME 04070 010212546 501(c)3 26175 General purposes of Parish, as directed by donors to recent capital campaign St Michael-Augusta 24 Washington Street Augusta ME 04330 010212546 501(c)3 158685 General purposes of Parish, as directed by donors to recent capital campaign St Patrick-Portland 673 Stevens Avenue Portland ME 04103 010212546 501(c)3 22439 General purposes of Parish, as directed by donors to recent capital campaign St Paul the Apostle-Bangor 207 York Street Bangor ME 04401 010212546 501(c)3 160329 General purposes of Parish, as directed by donors to recent capital campaign St Peter Chanel-Van Buren 174 Main Street Van Buren ME 04785 010212546 501(c)3 10315 General purposes of Parish, as directed by donors to recent capital campaign St Peter the Fisherman-Machias PO Box 2248 Machias ME 04654 010212546 501(c)3 5717 General purposes of Parish, as directed by donors to recent capital campaign St Peter-Portland 307 Congress Street Portland ME 04101 010212546 501(c)3 14180 General purposes of Parish, as directed by donors to recent capital campaign St Philip-Lyman 271 Main Street Lyman ME 04072 010212546 501(c)3 6754 General purposes of Parish, as directed by donors to recent capital campaign St Pius-Portland 492 Ocean Avenue Portland ME 04103 010212546 501(c)3 18347 General purposes of Parish, as directed by donors to recent capital campaign St Raphael-Kittery 6 Whipple Road Kittery ME 03904 010212546 501(c)3 6693 General purposes of Parish, as directed by donors to recent capital campaign St Rose of Lima-Jay 1 Church St Jay ME 04239 010212546 501(c)3 43263 General purposes of Parish, as directed by donors to recent capital campaign St Therese of Liseux-Sanford 66 North Avenue Sanford ME 04073 010212546 501(c)3 28425 General purposes of Parish, as directed by donors to recent capital campaign Stella Maris-Bucksport PO Box S Bucksport ME 04416 010212546 501(c)3 18628 General purposes of Parish, as directed by donors to recent capital campaign Roman Catholic Diocese of Portland PO Box 799 Portland ME 04104 010212546 501(c)3 166748 Grant to fund capital campaign expenses Presence Radio PO Box 10660 Portland ME 04104 010212546 501(c)3 84191 To provide program support Catholic Charities of Maine 307 Congress Street Portland ME 04101 010212546 501(c)3 789713 To provide program support St James Catholic School 25 Gorham Street Biddeford ME 04005 010212546 501(c)3 19780 To provide financial aid to qualified students St Dominic Academy 121 Gracelawn Road Auburn ME 04212 010212546 501(c)3 11177 To provide financial aid to qualified students Immaculate Heart of Mary Parish 24 Sacred Heart Place Auburn ME 04212 010212546 501(c)3 14760 Support Parish ministry Corpus Christi Parish 70 Pleasant Street Waterville ME 04901 010212546 501(c)3 5000 Support Parish ministry St Dominic Academy 121 Gracelawn Road Auburn ME 04212 010212546 501(c)3 10879 To provide financial aid to qualified students St John School-Winslow 18 South Garand Street Winslow ME 04901 010212546 501(c)3 6812 To provide financial aid to qualified students 66 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Organization only awards grants to qualifying 501(C)3 public charities, additional monitoring is not deemed necessary. X 15 225727 Stock Exchange Price 0 1 1 Third Party Use: Part I, Line 32b: The Organization sells contributions of securities through its investment broker. All gifts of securities are sold as soon as administratively possible. 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 executive director and 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 727,704. Financial Statements and Reporting 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. Reimbursed Expenses to the Diocese 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.