CATHOLIC UNITED FINANCIAL FOUNDATION

EIN: 411893463 501(c)(3) Philanthropy & Grantmaking

ST PAUL, MN

Total Revenue
$9,073,701
Total Expenses
$10,686,636
Total Assets
$42,059,307
Net Assets
$41,839,063
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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
ROBERT HEUERMANN
Phone
6517654135
Tax Period
2023-01-01 to 2023-12-31

CATHOLIC UNITED FINANCIAL FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $10.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE FOUNDATION, INSPIRED BY THE GOSPEL OF JESUS CHRIST, SERVES THE MEMBERS, EMPLOYEES, AND FRIENDS OF CATHOLIC UNITED FINANCIAL, A NOT-FOR-PROFIT FRATERNAL BENEFIT ASSOCIATION, BY:- BEING ACCOUNTABLE TO OUR DONORS AND FAITHFUL TO OUR CHURCH'S MISSION,- SUPPORTING CATHOLIC SCHOOLS AND PARISHES WITH TECHNOLOGY AND CHASTITY EDUCATION GRANTS,- BRINGING A CATHOLIC PRESENCE TO NATURAL DISASTERS THROUGH FINANCIAL SUPPORT,- SUPPLEMENTING THE COST OF EDUCATING AND TRAINING MEN FOR THE PRIESTHOOD.

Program Service Accomplishments

Program 1
Expenses: $10,616,071

IN 2023, THE FOUNDATION GRANT PROGRAM PROVIDED 26 GRANTS TO CATHOLIC SCHOOLS AND PARISHES FOR TECHNOLOGY AND CHASTITY & ABSTINENCE PROGRAMS AMOUNTING TO $14,830. SINCE 2001, MORE THAN $1.2 MILLION...

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IN 2023, THE FOUNDATION GRANT PROGRAM PROVIDED 26 GRANTS TO CATHOLIC SCHOOLS AND PARISHES FOR TECHNOLOGY AND CHASTITY & ABSTINENCE PROGRAMS AMOUNTING TO $14,830. SINCE 2001, MORE THAN $1.2 MILLION HAS BEEN AWARDED IN THROUGH MORE THAN 2,286 GRANTS TO CATHOLIC SCHOOLS, PARISHES, AND RELIGIOUS EDUCATION PROGRAMS. THE FOUNDATION'S SCHULER SEMINARIAN FUND PROVIDED 176 SEMINARIANS WITH $71,440 IN SCHOLARSHIP SUPPORT TO AID IN THEIR CONTINUING EDUCATION TOWARDS BECOMING A PRIEST. SINCE 1998, MORE THAN $1 MILLION HAS BEEN AWARDED TO SEMINARIANS PURSUING THEIR CALLING TOWARDS ORDINATION. THE FOUNDATION'S CATHOLIC UNITED DISASTER RESPONSE ASSISTS VICTIMS FROM NATURAL DISASTERS. THE DISASTER RESPONSE PROGRAM HAS PROVIDED EDUCATION AND SUPPORT FOR VARIOUS COMMUNITY MEMBERS AND ORGANIZATIONS SO THAT THEY WILL BE ABLE TO ASSIST THEMSELVES AND OTHERS IN NEED FOLLOWING NATURAL DISASTERS. THE DISASTER RELIEF PROGRAM IS TAKING THE PLACE OF THIS RESPONSE ACTIVITIES WHERE WE WILL CONTINUE PROVIDING FINANCIAL SUPPORT TO ALL PEOPLE IN NEED DUE TO NATURAL DISASTERS REGARDLESS OF RACE, CREED AND/OR RELIGION. THE FOUNDATION ALSO PROVIDES CHARITABLE GIFT ANNUITIES, DONOR ADVISED FUNDS, CHARITABLE DEFERRED ANNUITIES, AND CHARITABLE LIFE INSURANCE TO CATHOLIC UNITED FINANCIAL MEMBERS. THE FOUNDATION MATCHES THE MEMBERS' GIVING AND THEIR FINANCES, INTEGRATING GIVING INTO THEIR OVERALL FINANCIAL STRATEGY WHILE ENSURING THEY CAN ACHIEVE THEIR CHARITABLE GOALS THROUGH SOUND, CONSERVATIVE FISCAL MANAGEMENT. THE FOUNDATION ALSO OFFERS ORGANIZATIONAL ADVISED FUNDS TO ASSIST PARISHES AND CEMETERIES WITH THEIR LONG TERM AND ENDOWMENT MANAGEMENT AND INVESTMENT NEEDS. THE PROGRAM GRANTS AND DISTRIBUTIONS FROM THESE EFFORTS PROVIDED ALMOST $10 MILLION IN SUPPORT OF CHARITABLE ORGANIZATIONS, CHURCHES AND SCHOOLS ACROSS THE UPPER MIDWEST IN 2023.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,329,296
Program Service Revenue $0
Investment Income $752,065
Other Revenue $-7,660
TOTAL REVENUE $9,073,701

Expense Breakdown

Grants Paid $9,934,155
Salaries & Benefits $0
Fundraising Expenses $19,892
Program Expenses $10,616,071
Other Expenses $752,481
TOTAL EXPENSES $10,686,636

Year-over-Year Comparison

2023 2022 Change
Revenue $9,073,701 $9,669,959 -0.1%
Expenses $10,686,636 $3,744,620 +1.9%
Net Income $-1,612,935 $5,925,339 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
165

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$148,257
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HEUERMANN EXECUTIVE DIRECTOR 37.50
Officer
$0 $34,416 $148,257
MICHAEL AHLES PRESIDENT 1.00
Officer Director
$0 $0 $0
FR THOMAS THOMPSON SPIRITUAL ADVISOR 1.00
Director
$0 $0 $0
HARALD BORRMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN HART BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM LUCAS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MCGOVERN BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN STENZEL BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WENSEL BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL ZASTROW BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ZEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $9,073,701 $10,686,636 $42,059,307 $-1,612,935
2022 $9,669,959 $3,744,620 $42,361,226 $5,925,339
2021 $6,021,022 $3,201,210 $37,486,034 $2,819,812
2020 $5,029,231 $2,129,843 $34,027,744 $2,899,388
2019 $8,989,527 $2,689,287 $30,886,289 $6,300,240
2018 $5,054,149 $1,974,048 $24,213,309 $3,080,101
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