Catholic Charities Foundation

“Catholic charities foundation pays bookkeeping fees to the archdiocese of st. Louis. The organization also pays investment management fees to st. Louis archdiocesan fund (slaf).”

“The organization has one member - catholic charities of st. Louis (catholic charities). Additionally, the archbishop of st. Louis is a member with reserved powers over catholic charities, by which the archbishop also has reserved powers over the organization.”

“As a member with reserved powers over catholic charities of st. Louis, by which the archbishop of st. Louis also has reserved powers over the organization, the archbishop of st. Louis has the authority to appoint up to 50% of the board of directors and to approve all candidates of the board of directors of catholic charities foundation.”

“As they are members with reserved powers, various decisions of the organization are subject to approval by catholic charities of st. Louis and the archbishop of st. Louis. Additionally, the audit committee of the archdiocese of st. Louis is responsible for the selection of the independent auditor for all archdiocesan entities, including the organization.”

“The organization has provided a copy of the form 990 to the members of the board prior to filing of the tax return. Once all questions and comments are reviewed/cleared by the chief financial officer and/or the president of catholic charities, the form 990 is accepted for filing and a representation letter is signed by the president of catholic charities. At this point, the form 990 is filed with the irs.”

“Upon election to the board, new directors are required to review and sign a conflict of interest policy. Additionally, all other officers, directors, and key employees are required to review and sign the conflict of interest policy on an annual basis. The policy prohibits these persons from using their position to further their own personal gain and requires prompt disclosure of potential conflicts. The bylaws also require directors from abstaining from voting on matters involving potential conflicts of interest.”

“The organization reviews national and local inflation rates, internal funding abilities, and planned salary budgets for the archdiocese of st. Louis. Additionally, the organization consults independent salary surveys conducted by the united way of st. Louis and catholic charities usa when determining budgeted salary ranges. The compensation of the president of catholic charities of st. Louis is determined by the archbishop of st. Louis. Additionally, the board of directors approves the overall salary adjustment.”

“The governing documents and conflict of interest policy may be reviewed by interested parties upon written request to the organization. The financial statements are available on the website of catholic charities of st. Louis (ccstl.org)”

“Effective on the end of business on june 30, 2016, language access multicultural people, llc was formed as a disregarded entity that is 100% owned by catholic charities foundation. This entity took over language interpretation and translation services formerly provided by catholic family services.”

“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.”