Civic Intelligence

Hennessy Charitable Trust

990 • Fiscal year 2021 • EIN 42-6547826

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 23, 2022

Organization ProfileN/A
2360 Carter RoadDubuque, IA 52001-2997

(563) 588-2008

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

51st percentile

12%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$87,675,680

Up $9,299,421 (+12%) from 2020

Net Assets

Up

$87,675,680

Up $9,299,421 (+12%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2020

Expenses

Down

$2,020,843

Down $1,371,038 (-40%) from 2020

Net Income

Up

-$2,020,843

Up $1,371,038 (+40%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $46,703,046Liabilities 2010: $0Net Assets 2010: $46,703,0462010Assets 2011: $45,732,735Liabilities 2011: $0Net Assets 2011: $45,732,7352011Assets 2012: $48,477,968Liabilities 2012: $0Net Assets 2012: $48,477,9682012Assets 2013: $54,577,618Liabilities 2013: $0Net Assets 2013: $54,577,6182013Assets 2014: $56,985,665Liabilities 2014: $0Net Assets 2014: $56,985,6652014Assets 2015: $56,297,588Liabilities 2015: $0Net Assets 2015: $56,297,5882015Assets 2016: $58,545,236Liabilities 2016: $0Net Assets 2016: $58,545,2362016Assets 2017: $65,314,542Liabilities 2017: $0Net Assets 2017: $65,314,5422017Assets 2018: $60,453,923Liabilities 2018: $0Net Assets 2018: $60,453,9232018Assets 2019: $70,952,353Liabilities 2019: $0Net Assets 2019: $70,952,3532019Assets 2020: $78,376,259Liabilities 2020: $0Net Assets 2020: $78,376,2592020Assets 2021: $87,675,680Liabilities 2021: $0Net Assets 2021: $87,675,6802021Assets 2022: $69,986,391Liabilities 2022: $0Net Assets 2022: $69,986,3912022Assets 2023: $77,938,165Liabilities 2023: $0Net Assets 2023: $77,938,1652023Assets 2024: $82,239,630Liabilities 2024: $0Net Assets 2024: $82,239,6302024

Highlighted filing

2021

Assets$87,675,680
Liabilities$0
Net Assets$87,675,680
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $43,6452010Expenses 2011: $1,046,8332011Expenses 2012: $2,775,8052012Revenue 2013: $14,957,634Expenses 2013: $2,398,503Net Income 2013: $12,559,1312013Revenue 2014: $596,404Expenses 2014: $916,661Net Income 2014: -$320,2572014Revenue 2015: $607,186Expenses 2015: $901,523Net Income 2015: -$294,3372015Revenue 2016: $652,823Expenses 2016: $2,110,546Net Income 2016: -$1,457,7232016Revenue 2017: $701,035Expenses 2017: $2,150,126Net Income 2017: -$1,449,0912017Revenue 2018: $819,722Expenses 2018: $2,115,770Net Income 2018: -$1,296,0482018Revenue 2019: $730,399Expenses 2019: $1,568,952Net Income 2019: -$838,5532019Revenue 2020: $0Expenses 2020: $3,391,881Net Income 2020: -$3,391,8812020Revenue 2021: $0Expenses 2021: $2,020,843Net Income 2021: -$2,020,8432021Revenue 2022: $0Expenses 2022: $3,935,935Net Income 2022: -$3,935,9352022Revenue 2023: $1,666,692Expenses 2023: $3,832,492Net Income 2023: -$2,165,8002023Revenue 2024: $2,796,554Expenses 2024: $4,012,933Net Income 2024: -$1,216,3792024

Highlighted filing

2021

Revenue$0
Expenses$2,020,843
Net Income-$2,020,843
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 23, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

Hennessy Charitable Trust was established by the Sisters of the Presentation to provide financial support and care for the retired and infirm members of the religious congregation of the Sisters of the Presentation.

Care for retired and infirm Sisters of the Presentation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$78,376,259$87,675,680▲ $9,299,421
Rtn Earn Endowment Incm Other Fnds$78,376,259$87,675,680▲ $9,299,421
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$78,376,259$87,675,680▲ $9,299,421
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$78,376,259$87,675,680▲ $9,299,421
Total Liabilities and Net Assets / Fund Balance$78,376,259$87,675,680▲ $9,299,421
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Virginia FolettaPresident
Ann JacksonTrustee
Elaine HoyeTrustee
Marjorie HealyTrustee
Laura ReicksTrustee as of May 2021
Patricia Ann LickteigTrustee until May 2021
Joetta VennemanSecretary
Faye Ann FangmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,020,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,600,000
Other Expenses$420,843
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,600,000--$1,600,000
Fees for Service Investment Mgmnt Fees-$420,843-$420,843
Total Functional Expenses$1,600,000$420,843$0$2,020,843
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sisters of the PresentationDubuque, IA501(c)(3)To care for the retired and infirm members of the Sisters of the Presentation$1,600,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“Sisters of the Presentation has authority to appoint and remove all members of the governing body.”

Form 990, Part VI, Section A, line 8B

“The Organization does not have committees with authority to act on behalf of the governing body.”

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

“All Trustees receive a copy of the Form 990 before it is filed. The 990 is reviewed by the Treasurer of the Board.”

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

“Conflict of interest policies are signed annually by any Director or principal Officer of the Board of Trustees, or any member of a Committee with Board-delegated powers, who has a direct or indirect financial interest. The Chairperson of the Board reviews the signed policies. If a conflict of interest exists, the interested person must disclose the financial interest and all material facts. After disclosure, the interested person must leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon.”

Form 990, Part VI, Section C, line 19

“The governing documents and financial statements are available upon written request.”

Part VII, Related Organization Compensation

“The Sisters are not compensated by Sisters of the Presentation therefore no compensation is shown on Part VII, column E.”

Filing and Contact Details

Filer

Filer Name
Hennessy Charitable Trust
EIN
42-6547826
Phone
5635882008
Address
2360 Carter Road, Dubuque, IA 52001-2997

Signing Officer

Name
Faye Ann Fangman
Title
Treasurer
Phone
5635882008
Signed
2022-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Evelina Foletta
Formed
1996
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Kim Hunwardsen CPA
Phone
6122536500
Raw XML Appendix387 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Sisters of the Presentation is included within the United States Conference Group Ruling and is listed in the Official Catholic Directory for the Archdiocese of Dubuque. The organization is exempt from federal income tax pursuant to Internal Revenue Code Section 501(c)(3).
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Hennessy Charitable Trust is the supporting organization of Sisters of the Presentation. The Trust supports the retired and infirm members of the religious congregation of the Sisters of the Presentation. Because this is the only organization they support, they do not require substantiation for the gifts. The Board Members of Hennessy Charitable Trust are aware of the use of the funds and make sure the funds are used appropriately.
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Sisters of the Presentation has authority to appoint and remove all members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization does not have committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Trustees receive a copy of the Form 990 before it is filed. The 990 is reviewed by the Treasurer of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conflict of interest policies are signed annually by any Director or principal Officer of the Board of Trustees, or any member of a Committee with Board-delegated powers, who has a direct or indirect financial interest. The Chairperson of the Board reviews the signed policies. If a conflict of interest exists, the interested person must disclose the financial interest and all material facts. After disclosure, the interested person must leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents and financial statements are available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Sisters are not compensated by Sisters of the Presentation therefore no compensation is shown on Part VII, column E.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VII, Related Organization Compensation
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Sisters of the Presentation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420681050
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Religious service and education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02360 Carter Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Dubuque
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0520012997
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt078376259
IRS990/TotalAssetsEOYAmt087675680
IRS990/TotalAssetsGrp/BOYAmt078376259
IRS990/TotalAssetsGrp/EOYAmt087675680
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0420843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01600000
IRS990/TotalFunctionalExpensesGrp/TotalAmt02020843
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt078376259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt087675680
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01600000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt078376259
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087675680
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02360 Carter Road
IRS990/USAddress/CityNm0Dubuque
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd0520012997
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Faye Ann Fangman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05635882008
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hennessy Charitable Trust
ReturnHeader/Filer/BusinessNameControlTxt0HENN
ReturnHeader/Filer/EIN0426547826
ReturnHeader/Filer/PhoneNum05635882008
ReturnHeader/Filer/USAddress/AddressLine1Txt02360 Carter Road
ReturnHeader/Filer/USAddress/CityNm0Dubuque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd0520012997
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Eide Bailly LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 Nicollet Mall Ste 1300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554027033
ReturnHeader/PreparerPersonGrp/PhoneNum06122536500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kim Hunwardsen CPA
ReturnHeader/ReturnTs02022-04-05T11:26:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Faye
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Ann Fangman
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,675,680
Liabilities
$0
Net assets
$87,675,680
Revenue
$0
Expenses
$2,020,843
Net income
-$2,020,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$82.2$0.00$82.2$2.80$4.01$1.22
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.9$0.00$77.9$1.67$3.83$2.17
2022Detailed filing. Detailed filing data is available for this year.$70.0$0.00$70.0$0.00$3.94$3.94
2021Detailed filing. Detailed filing data is available for this year.$87.7$0.00$87.7$0.00$2.02$2.02
2020Detailed filing. Detailed filing data is available for this year.$78.4$0.00$78.4$0.00$3.39$3.39
2019Detailed filing. Detailed filing data is available for this year.$71.0$0.00$71.0$0.73$1.57$0.84
2018Detailed filing. Detailed filing data is available for this year.$60.5$0.00$60.5$0.82$2.12$1.30
2017Detailed filing. Detailed filing data is available for this year.$65.3$0.00$65.3$0.70$2.15$1.45
2016Detailed filing. Detailed filing data is available for this year.$58.5$0.00$58.5$0.65$2.11$1.46
2015Detailed filing. Detailed filing data is available for this year.$56.3$0.00$56.3$0.61$0.90$0.29
2014Detailed filing. Detailed filing data is available for this year.$57.0$0.00$57.0$0.60$0.92$0.32
2013Detailed filing. Detailed filing data is available for this year.$54.6$0.00$54.6$15.0$2.40$12.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.5$0.00$48.5$2.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$0.00$45.7$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$0.00$46.7$0.04