Civic Intelligence

Catholic Foundation for Diocese of Salina

990 • Fiscal year 2022 • EIN 48-1104490

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

103 N 9th StSalina, KS 67401

(785) 827-8746

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

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

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

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

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

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

Top Officer Pay

10th percentile

$36,647

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$32,699,661

No earlier filing loaded for comparison.

Net Assets

$32,661,524

No earlier filing loaded for comparison.

Liabilities

$38,137

No earlier filing loaded for comparison.

Revenue

$19,002,303

No earlier filing loaded for comparison.

Expenses

$1,715,136

No earlier filing loaded for comparison.

Net Income

$17,287,167

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2022: $32,699,661Liabilities 2022: $38,137Net Assets 2022: $32,661,5242022Assets 2023: $37,097,693Liabilities 2023: $22,556Net Assets 2023: $37,075,1372023Assets 2024: $44,084,024Liabilities 2024: $33,302Net Assets 2024: $44,050,7222024

Highlighted filing

2022

Assets$32,699,661
Liabilities$38,137
Net Assets$32,661,524

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2022: $19,002,303Expenses 2022: $1,715,136Net Income 2022: $17,287,1672022Revenue 2023: $5,544,488Expenses 2023: $4,292,135Net Income 2023: $1,252,3532023Revenue 2024: $9,268,162Expenses 2024: $5,496,140Net Income 2024: $3,772,0222024

Highlighted filing

2022

Revenue$19,002,303
Expenses$1,715,136
Net Income$17,287,167
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$19,002,303
Mission and Program Overview

Mission

To support all aspects of the Catholic faith in the Roman Catholic Diocese of Salina by developing, managing, growing, and granting funds using Catholic values, honoring the donor's intent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$31,517,848-
Cash and Non-Interest-Bearing Accounts-$1,181,813-
Total Assets$0$32,699,661▲ $32,699,661
Liabilities
Accounts Payable and Accrued Expenses-$38,137-
Total Liabilities$0$38,137▲ $38,137
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$32,561,460-
Net Assets Without Donor Restrictions-$100,064-
Total Net Assets Fund Balance$0$32,661,524▲ $32,661,524
Total Liabilities and Net Assets / Fund Balance$0$32,699,661▲ $32,699,661

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022-$32,213,643▼ $6,188,344-$25,463,462
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Bishop Gerald VinckeBoard Member-$36,647$36,647
Katherine M PLattenCEOFT$24,495$24,495

Board Members and Trustees

NameTitle
Betty Johnson CFREPresident
Douglas Hinkin MDVice President
Father Gale HammerschmidtBoard Member
Francine HestermannBoard Member
Jeff ThompsonBoard Member
Jerry PattersonBoard Member
Ron GfellerBoard Member
Donald BoosSecretary
Mike MenseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,051,794
Program Service Revenue
$529,467
Investment Income
$421,042
Other Revenue
$0
All Other Contributions
$18,051,794
Change in Net Assets
$17,287,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,090,049
Salaries, Compensation, and Employee Benefits$355,220
Other Expenses$269,867
Total Fundraising Expense$25,236
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,090,049--$1,090,049
Other Salaries and Wages-$274,166-$274,166
Fees for Services Other-$85,671-$85,671
Fees for Services Accounting-$53,000-$53,000
Occupancy-$44,579-$44,579
Information Technology-$42,168-$42,168
Other Employee Benefits-$33,711-$33,711
Current Officers, Directors, Trustees, and Key Employees$2,450$11,022$11,023$24,495
Payroll Taxes-$22,848-$22,848
Conferences and Meetings-$2,797$13,188$15,985
Travel-$10,821-$10,821
Office Expenses-$9,043-$9,043
Other Expenses-$4,910-$4,910
Fees for Services Legal-$2,665-$2,665
Advertising--$1,025$1,025
Total Functional Expenses$1,092,499$597,401$25,236$1,715,136
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Roman Catholic Diocese of SalinaSalina, KS501(c)(3)Operating support$489,336
Sacred Heart JrSr High School - SalinaSalina, KS501(c)(3)Operating support$409,169
Sacred Heart Cathedral Parish - SalinaSalina, KS501(c)(3)Operating support$57,517
St Mary Queen of the Universe Parish - SalinaSalina, KS501(c)(3)Operating support$24,213
St Francis Xavier HighGrade SchoolJunction City, KS501(c)(3)Operating support$15,749
St Mary Grade School - SalinaSalina, KS501(c)(3)Operating support$13,341
St Francis Xavier Parish - Junction CityJunction City, KS501(c)(3)Operating support$12,786
Sacred Heart Parish - ColbyColby, KS501(c)(3)Operating support$9,219
Sacred Heart Parish - PlainvillePlainville, KS501(c)(3)Operating support$6,899
Holy Family Grade School - HaysHays, KS501(c)(3)Operating support$5,828
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 4

During the year, the Foundation reorganized as the Catholic Foundation for Diocese of Salina. The Foundation was previously organized as Salina Catholic Diocese Education Endowment, Inc. and was not subject to an IRS Form 990 filing requirement since it was operated as an integrated auxilliary of the Roman Catholic Diocese of Salina (the Diocese). As part of the reorganization, the Foundation was established as a distinct operating activity, separate from the Diocese and became subject to a filing requirement which became first effective for the year ended June 30, 2022.

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

IRS Form 990 was not able to be reviewed in full detail by the governing body since it was prepared in draft form near the due date of May 15, 2023 and there was not enough time to schedule a meeting for board discussion. For that reason, the governing body will review the return at the next available meeting date.

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

Board members annually disclose their interests and notify the Foundation if there are any new conflicts during the year.

Form 990, Part VI, Section B, line 15

Annually, determination of the executive director's compensation is reviewed by the governing body.

Form 990, Part VI, Section C, line 19

The Foundation's governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Catholic Foundation
EIN
48-1104490
Phone
7858278746
Address
103 N 9th St, Salina, KS 67401

Signing Officer

Name
Katherine M Platten
Title
Chief Executive Officer
Phone
7858278746
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine M Platten
Formed
1991
Legal Domicile
Ks
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
20

Preparer

Firm
Kientz & Penick CPAs LLC
Address
PO BOX 754, Manhattan, KS 66502
Preparer
Eric Kientz CPA
Phone
7854779053
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Equity transfer from other publicly supported organizations 22,861,151.

Financial Statement Notes

Part V, Line 4:

The Foundation's endowments (the Endowments) consists of approximately 77 individual funds established by Catholic donors and organizations to provide annual funding in support of Catholic organizations and individuals within the service region of the Roman Catholic Diocese of Salina.

Part X, Line 2:

The Foundation has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(c)(3) as part of group exemption 0928 which is issued by the IRS to the United States Conference of Catholic Bishops. Further, the Foundation qualifies for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii) and is not a private foundation since it meets the criteria under IRC Section 509(a)(3). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. For the year ended June 30, 2022, the Foundation has determined that it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. Returns filed by the Foundation are subject to IRS examination, generally for three years after each return is filed. No taxing authorities have commenced income tax examinations for open tax years.

Part V, Line 2 Contributions

The total contribution amount of $32,213,643 includes $15,386,085 of contributions and $16,827,558 of equity transferred from other publicly supported organizations.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Foundation provides support to the Roman Catholic Diocese of Salina (Diocese) by administering and accounting for fundraising efforts within the service region of the Diocese.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The fundraising efforts of the Roman Catholic Diocese of Salina (the Diocese) were performed up through June 30, 2021. The Diocese then established the Foundation in order to adminster and account for these fundraising efforts.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 2a:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2b:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0884687
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Roman Catholic Diocese of Salina
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0138696
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt032213643
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt025463462
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0423141
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6188344
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation's endowments (the Endowments) consists of approximately 77 individual funds established by Catholic donors and organizations to provide annual funding in support of Catholic organizations and individuals within the service region of the Roman Catholic Diocese of Salina.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(c)(3) as part of group exemption 0928 which is issued by the IRS to the United States Conference of Catholic Bishops. Further, the Foundation qualifies for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii) and is not a private foundation since it meets the criteria under IRC Section 509(a)(3). The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. For the year ended June 30, 2022, the Foundation has determined that it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. Returns filed by the Foundation are subject to IRS examination, generally for three years after each return is filed. No taxing authorities have commenced income tax examinations for open tax years.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2The total contribution amount of $32,213,643 includes $15,386,085 of contributions and $16,827,558 of equity transferred from other publicly supported organizations.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part V, Line 2 Contributions
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0489336
IRS990ScheduleI/RecipientTable/CashGrantAmt15828
IRS990ScheduleI/RecipientTable/CashGrantAmt257517
IRS990ScheduleI/RecipientTable/CashGrantAmt3409169
IRS990ScheduleI/RecipientTable/CashGrantAmt49219
IRS990ScheduleI/RecipientTable/CashGrantAmt56899
IRS990ScheduleI/RecipientTable/CashGrantAmt612786
IRS990ScheduleI/RecipientTable/CashGrantAmt715749
IRS990ScheduleI/RecipientTable/CashGrantAmt813341
IRS990ScheduleI/RecipientTable/CashGrantAmt924213
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(c)(3)
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/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Operating support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Operating support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Roman Catholic Diocese of Salina
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Holy Family Grade School - Hays
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Sacred Heart Cathedral Parish - Salina
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Sacred Heart JrSr High School - Salina
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Sacred Heart Parish - Colby
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Sacred Heart Parish - Plainville
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6St Francis Xavier Parish - Junction City
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7St Francis Xavier HighGrade School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8St Mary Grade School - Salina
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9St Mary Queen of the Universe Parish - Salina
IRS990ScheduleI/RecipientTable/RecipientEIN0480637111
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0103 North 9th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11800 Milner St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2118 N 9th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3234 E Cloud St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4585 N French Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6200 N Washington St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7200 N Washington St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8304 E Cloud St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9230 E Cloud St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Salina
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Hays
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Salina
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Salina
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Colby
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Plainville
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Junction City
IRS990ScheduleI/RecipientTable/USAddress/CityNm7Junction City
IRS990ScheduleI/RecipientTable/USAddress/CityNm8Salina
IRS990ScheduleI/RecipientTable/USAddress/CityNm9Salina
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1KS
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3KS
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8KS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9KS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd067401
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd267401
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd766441
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd867401

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