St Patrick Center

“Two directors, james cunnane jr. And cori stebelman, are siblings.”

“St. Patrick center pays a management fee to the archdiocese of st. Louis. Also, a management fee is paid to the st. Louis archdiocesan fund (slaf) for the management of the organization's investments. Additionally, the chief executive officer of st. Patrick center is an employee of catholic charities of st. Louis.”

“Catholic charities of st. Louis is a member with reserved powers. In addition, the archbishop of st. Louis is a member with reserved powers over catholic charities of st. Louis, through which he also has reserved powers over the organization.”

“Through his reserved powers over catholic charities of st. Louis, the archbishop of st. Louis has the authority to appoint up to 50% of the board of directors of the organization and to approve all candidates to the board of directors of the organization.”

“Various decisions of the organization are subject to approval by catholic charities of st. Louis and the archbishop of st. Louis, as members with reserved powers. Additionally, the audit committee of the archdiocese of st. Louis is responsible for selecting the independent auditor of the organization.”

“A draft copy of the 990 is provided to members of the governing board prior to filing the return. Once all questions and comments are cleared by the coo, a final copy is provided to the governing board and the 990 is accepted for filing. A representation letter is then signed by the ceo, and the 990 is filed with the irs.”

“Upon membership to the board of directors, members of the board of directors are required to review and sign a conflict of interest policy. Additionally, all other officers and key employees are required to review and sign the conflict of interest policy on an annual basis. Potential conflict of interests reported by board members and key staff are followed up to ensure that no conflict actually exists, or that steps are taken to eliminate the conflict. No board member is allowed to continue his/her service if a conflict is unresolved.”

“The executive committee of the governing board, which is independent of the employees, reviews and approves compensation of top management and other officers and key employees. The committee examines comparable positions in the local market for annual salary ranges. Additionally, the committee reviews the organization's budget to determine the ability to fund the compensation amounts.”

“Anyone interested in reviewing the organization's governing documents, conflict of interest policy, and/or financial statements must contact the chief operations officer, as this information is available to the public upon written request.”

“In july 2017, the organization unwound the new market tax credit financing structure for improvements to its building, resulting in the discharge of a liability and the recording of income from recoveries in the amount of $10,726,000.”

“St patrick center made the decision to close mcmurphy's grill in march 2017 to re-develop the training program over the following year. Some trainees continued through 2018. In june 2018 made the decision to discontinue the program effective june 30, 2018.”

“In july 2017, the organization unwound the new market tax credit financing structure for improvements to its building, resulting in the write-off of a note receivable and the recording of bad debts expense in the amount of $10,270,000.”

“The audit committee of the archdiocese of st. Louis assumes responsibility for oversight of the audit of the financial statements and selection of an independent auditor.”