Civic Intelligence

Northern Michigan Catholic Foundation

EIN 30-0210866 • 501(c)3 • Gaylord, MI

Profile

The foundation is organized to support financially the spiritual, educational, and social needs of the local roman catholic community within the diocese of gaylord and to provide responsible and effective fundraising, financial management, stewardship, and use of resources with due regard to the teachings of the roman catholic faith.

308 West Main StreetGaylord, MI 49735

nmcatholicfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

43rd percentile

3.6%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

140%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$30,264,807

Up $1,059,851 (+3.6%) from 2021

Liabilities

Down

$49,493

Down $2,405 (-4.6%) from 2021

Net Assets

Up

$30,215,314

Up $1,062,256 (+3.6%) from 2021

Revenue

Up

$6,801,988

Up $3,970,151 (+140%) from 2021

Expenses

Down

$816,606

Down $5,816 (-0.7%) from 2021

Net Income

Up

$5,985,382

Up $3,975,967 (+198%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2018: $19,090,340Liabilities 2018: $70,498Net Assets 2018: $19,019,8422018Assets 2019: $22,819,541Liabilities 2019: $69,176Net Assets 2019: $22,750,3652019Assets 2020: $25,526,060Liabilities 2020: $54,189Net Assets 2020: $25,471,8712020Assets 2021: $29,204,956Liabilities 2021: $51,898Net Assets 2021: $29,153,0582021Assets 2022: $30,264,807Liabilities 2022: $49,493Net Assets 2022: $30,215,3142022

Highlighted filing

2022

Assets$30,264,807
Liabilities$49,493
Net Assets$30,215,314

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2018: $2,077,860Expenses 2018: $361,814Net Income 2018: $1,716,0462018Revenue 2019: $1,924,290Expenses 2019: $808,878Net Income 2019: $1,115,4122019Revenue 2020: $1,792,383Expenses 2020: $850,803Net Income 2020: $941,5802020Revenue 2021: $2,831,837Expenses 2021: $822,422Net Income 2021: $2,009,4152021Revenue 2022: $6,801,988Expenses 2022: $816,606Net Income 2022: $5,985,3822022

Highlighted filing

2022

Revenue$6,801,988
Expenses$816,606
Net Income$5,985,382

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 12, 2023
Return Version
2022v5.0
Gross Receipts
$6,801,988
Mission and Program Overview

Mission

The foundation is organized to support financially the spiritual, educational, and social needs of the local roman catholic community within the diocese of gaylord and to provide responsible and effective fundraising, financial management, stewardship, and use of resources with due regard to the teachings of the roman catholic faith.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,695,991$29,756,819▲ $1,060,828
Cash and Non-Interest-Bearing Accounts$508,965$402,161▼ $106,804
Accounts Receivable-$105,827-
Total Assets$29,204,956$30,264,807▲ $1,059,851
Liabilities
Other Liabilities$51,898$49,493▼ $2,405
Total Liabilities$51,898$49,493▼ $2,405
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,942,067$29,171,883▲ $1,229,816
Net Assets Without Donor Restrictions$1,210,991$1,043,431▼ $167,560
Total Net Assets Fund Balance$29,153,058$30,215,314▲ $1,062,256
Total Liabilities and Net Assets / Fund Balance$29,204,956$30,264,807▲ $1,059,851

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$25,531,112$5,759,596▼ $4,537,554-$26,637,419
2021$23,100,813$990,217▲ $1,551,617-$25,531,112
2020$20,334,803$419,416▲ $2,405,429-$23,100,813
2019$16,822,841$743,859▲ $2,834,843-$20,334,803
2018$16,467,427$1,361,443▼ $931,525-$16,822,841
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joel R MylerChairman
Timothy J CluloVice Chairman
Rev James HaydenVice President
Cliff RobertsDirector
Eric MulvanyDirector
Ron G HarrisDirector
Stefan SchollDirector
Wayne MuellerDirector
Most Rev Jeffery J WalshDirector (non-voting)
John PuetzTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cp ConsultingContracted Executive Director308 W MAIN STREET, Gaylord, MI 49735$115,560
Revenue and Support

Revenue Composition

Contributions and Grants
$5,759,596
Program Service Revenue
$0
Investment Income
$1,042,392
Other Revenue
$0
All Other Contributions
$5,759,596
Change in Net Assets
$5,985,382

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,741,567
Revenue Not Reported on Financial Statements
$60,421
Revenue Not Reported on Form 990
$-4,923,126
Total Revenue per Audited Statements
$1,818,441
Total Revenue per Form 990
$6,801,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$613,120
Other Expenses$203,486
Total Fundraising Expense$57,225
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$613,120--$613,120
Fees for Services Management-$69,441$46,294$115,735
Fees for Service Investment Mgmnt Fees$60,421--$60,421
Fees for Services Accounting-$7,452$4,968$12,420
Information Technology-$5,757$3,838$9,595
Insurance-$2,287$1,524$3,811
Other Expenses-$92$61$153
Conferences and Meetings-$70$47$117
Advertising-$25$17$42
Office Expenses-$17$11$28
Total Functional Expenses$673,541$85,840$57,225$816,606

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$816,606
Expenses per Audited Statements$756,185
Total Expenses per Audited Statements$756,185
Expenses Not Reported on Financial Statements$60,421
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Diocese of GaylordGaylord, MI-Grants for General Support$180,104
St Mary Cathedral SchoolGaylord, MI-Grants for General Support$83,658
Holy Family Catholic ChurchEast Tawas, MI-Grants for General Support$82,689
Grand Traverse Catholic SchoolsTraverse City, MI-Grants for General Support$70,000
Immaculate Conception ParishTraverse City, MI-Grants for General Support$27,220
St Mary SchoolCharlevoix, MI-Grants for General Support$27,132
St Joseph Catholic ChurchTraverse City, MI-Grants for General Support$16,423
Bishop Baraga Educational FoundationCheboygan, MI-Grants for General Support$10,191
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity$49,493
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Certain board members have business relationships with other board members. The relationships are not reportable because the transactions are conducted in the ordinary course of business on terms generally offered to the public.

Form 990, Part VI, Section A, Line 3

The foundation contracts with cp consulting for executive director services. Cp consulting is owned by christie perdue who serves as president of the foundation at the pleasure of the board of directors.

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to board members prior to the board meeting. The form 990 is reviewed at this meeting; questions are addressed, if any, and the form 990 is approved by the board prior to submission to the department of treasury.

Form 990, Part VI, Section B, Line 12C

In order to assure persons who have a conflict of interest will not have influence over northern michigan catholic foundation regarding business deals with themselves, the board periodically reviews conflicts and recuses those persons when such conflicts exist.

Form 990, Part VI, Section B, Line 15A

The board has contracted for executive director services. A board committee obtains information regarding compensation for similarly-sized not-for-profit organizations. The contract for executive director services is negotiated with this in mind. Once the contract is agreed upon, the contract goes before the full board for approval.

Form 990, Part VI, Section C, Line 18

A copy of the foundation's form 1023 and form 990 is available upon request at the foundation's office.

Form 990, Part VI, Section C, Line 19

The organization provides its governing documents, conflict of interest policy and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Northern Michigan Catholic Foundation
EIN
30-0210866
Phone
2319229070
Address
308 WEST MAIN STREET, GAYLORD, MI 49735

Signing Officer

Name
Christie Perdue
Title
President
Phone
2319329575
Signed
2023-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christie Perdue
Formed
1998
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Dgn LLC
Address
PO BOX 947, TRAVERSE CITY, MI 49685-0947
Preparer
Aaron J Mansfield CPA
Phone
2319461722
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

In july 2018, the internal revenue service determined the foundation is exmept from federal income taxes under section 501(c)(3) of the internal revenue code. The foundation is subject to income tax only on the business income not related to its exempt purpose. Such taxes are generally insignificant. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. The foundation files information returns in the u.s. Federal jurisdiction. With few exceptions, the foundation is no longer subject to u.s. Federal tax examinations by tax authorities for years before december 31, 2019.

Raw XML AppendixShowing 400 of 526 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/FundraisingAmt261
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt292
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IRS990/OtherExpensesGrp/TotalAmt2153
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IRS990/OtherLiabilitiesGrp/EOYAmt049493
IRS990/OtherWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHRISTIE PERDUE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0990217
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05985382
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05759596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0990217
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0465769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0743859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01491798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09451239
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01042392
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01841620
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0585761
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IRS990ScheduleA/PublicSupportPY170Pct00.46190
IRS990ScheduleA/PublicSupportTotal170Amt04811976
IRS990ScheduleA/SubstantialContributorsTotAmt04639263
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01491798
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IRS990ScheduleA/TotalSupportAmt018036853
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt058835
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt020334803
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0419416
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt023100813
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02405429
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt066740
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0743859
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt020334803
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt074504
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt016467427
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01361443
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt016822841
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-931525
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt060421
IRS990ScheduleD/ExpensesSubtotalAmt0756185
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt060421
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4923126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.89520
IRS990ScheduleD/RevenueNotReportedAmt0-4923126
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt060421
IRS990ScheduleD/RevenueSubtotalAmt06741567
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN JULY 2018, THE INTERNAL REVENUE SERVICE DETERMINED THE FOUNDATION IS EXMEPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS SUBJECT TO INCOME TAX ONLY ON THE BUSINESS INCOME NOT RELATED TO ITS EXEMPT PURPOSE. SUCH TAXES ARE GENERALLY INSIGNIFICANT. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt06801988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01818441
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0756185
IRS990ScheduleI/GrantRecordsMaintainedInd00
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IRS990ScheduleI/RecipientTable/CashGrantAmt270000
IRS990ScheduleI/RecipientTable/CashGrantAmt382689
IRS990ScheduleI/RecipientTable/CashGrantAmt427220
IRS990ScheduleI/RecipientTable/CashGrantAmt516423
IRS990ScheduleI/RecipientTable/CashGrantAmt683658
IRS990ScheduleI/RecipientTable/CashGrantAmt727132
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GRANTS FOR GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BISHOP BARAGA EDUCATIONAL FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DIOCESE OF GAYLORD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2GRAND TRAVERSE CATHOLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HOLY FAMILY CATHOLIC CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4IMMACULATE CONCEPTION PARISH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5ST JOSEPH CATHOLIC CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6ST MARY CATHEDRAL SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7ST MARY SCHOOL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 5036
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1611 W NORTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2123 EAST 11TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3516 W LINCOLN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4720 SECOND ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt512675 CENTER ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6606 N OHIO AVE

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