Civic Intelligence

Catholic Foundation for the Diocese of Tucson

EIN 86-0408580 • 501(c)3 • Tucson, AZ

Profile

The purpose of the catholic foundation is to build endowments that provide enduring resources to support the mission of the church in the diocese of tucson.

111 South Church AvenueTucson, AZ 85701-1602

www.cathfnd.org

Siviq Scores

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

Liabilities / Assets

70th percentile

0.40x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

84th percentile

1.32x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

78th percentile

26%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

24th percentile

$107,311

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Up

$19,795,031

Up $1,892,258 (+11%) from 2012

Liabilities

Up

$8,000,465

Up $884,240 (+12%) from 2012

Net Assets

Up

$11,794,566

Up $1,008,018 (+9.3%) from 2012

Revenue

$6,044,866

No earlier filing loaded for comparison.

Expenses

Up

$4,477,852

Up $276,736 (+6.6%) from 2012

Net Income

$1,567,014

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $14,919,516Liabilities 2011: $6,851,444Net Assets 2011: $8,068,0722011Assets 2012: $17,902,773Liabilities 2012: $7,116,225Net Assets 2012: $10,786,5482012Assets 2013: $19,795,031Liabilities 2013: $8,000,465Net Assets 2013: $11,794,5662013

Highlighted filing

2013

Assets$19,795,031
Liabilities$8,000,465
Net Assets$11,794,566

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $483,0092011Expenses 2012: $4,201,1162012Revenue 2013: $6,044,866Expenses 2013: $4,477,852Net Income 2013: $1,567,0142013

Highlighted filing

2013

Revenue$6,044,866
Expenses$4,477,852
Net Income$1,567,014

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 13, 2014
Return Version
2013v3.0
Gross Receipts
$7,226,672
Mission and Program Overview

Mission

The purpose of the catholic foundation is to build endowments that provide enduring resources to support the mission of the church in the diocese of tucson.

To further religious, educational, and charitable ministries in the diocese of tucson.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,366,135$13,683,514▲ $1,317,379
Cash and Non-Interest-Bearing Accounts$1,862,252$2,832,417▲ $970,165
Land, Buildings, and Equipment, Net$1,337,457$1,304,825▼ $32,632
Savings and Temporary Cash Investments$627,568$781,801▲ $154,233
Pledges and Grants Receivable$309,287$657,766▲ $348,479
Investments Other Securities$387,803$457,026▲ $69,223
Prepaid Expenses and Deferred Charges$971,275$27,963▼ $943,312
Accounts Receivable$10,966$19,085▲ $8,119
Total Assets$17,902,773$19,795,031▲ $1,892,258
Other Assets Total$30,030$30,634▲ $604
Liabilities
Escrow Account Liability$6,199,502$7,006,656▲ $807,154
Other Liabilities$810,589$827,379▲ $16,790
Grants Payable-$100,000-
Accounts Payable and Accrued Expenses$106,134$66,430▼ $39,704
Total Liabilities$7,116,225$8,000,465▲ $884,240
Net Assets / Fund Balance
Unrestricted Net Assets$5,538,930$5,014,794▼ $524,136
Permanently Rstr Net Assets$3,603,346$3,848,011▲ $244,665
Temporarily Rstr Net Assets$1,644,272$2,931,761▲ $1,287,489
Total Net Assets Fund Balance$10,786,548$11,794,566▲ $1,008,018
Total Liabilities and Net Assets / Fund Balance$17,902,773$19,795,031▲ $1,892,258

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,046,571$389,475$1,436,046
Land$245,250-$245,250
Equipment$13,004$48,585$61,589
Other Land Buildings$0$24,411$24,411

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$4,995,802$62,844▲ $828,053$151,764$5,688,751
2012$4,617,346$3,270▲ $575,147$157,762$4,995,802
2011$4,842,075$3,000▼ $190,866$186,470$4,447,347
2010$3,992,111$230,348▲ $767,742$113,383$4,842,075
2009$4,402,086$117,584▼ $625,206$82,244$3,777,698
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margie Puerta EdsonExecutive DirectorFT$94,781$12,530$107,311
Most Rev Gerald F KicanasChairperson--$14,671$14,671

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,037,095
Program Service Revenue
$126,958
Investment Income
$605,883
Other Revenue
$274,930
All Other Contributions
$4,950,915
Change in Net Assets
$1,567,014

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,044,866
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$448,813
Total Revenue per Audited Statements
$6,493,679
Total Revenue per Form 990
$6,044,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,113,314
Other Expenses$882,506
Salaries, Compensation, and Employee Benefits$482,032
Total Fundraising Expense$115,584
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,113,314--$3,113,314
Other Salaries and Wages$130,755$100,153$47,294$278,202
All Other Expenses$85,898$15,244$14,711$115,853
Current Officers, Directors, Trustees, and Key Employees$32,193$64,387$10,731$107,311
Other Expenses$101,995--$101,995
Occupancy$22,696$29,976$7,412$60,084
Other Employee Benefits$22,798$17,298$8,440$48,536
Depreciation Depletion$9,137$19,579$3,916$32,632
Fees for Service Investment Mgmnt Fees$28,039--$28,039
Payroll Taxes$13,152$9,979$4,869$28,000
Fees for Services Accounting-$25,950-$25,950
Pension Plan Contributions$9,386$7,122$3,475$19,983
Office Expenses$4,087$7,133$1,494$12,714
Advertising--$11,281$11,281
Travel$4,058$5,085$1,437$10,580
Information Technology$9,687--$9,687
Conferences and Meetings$1,178$4,940$524$6,642
Fees for Services Legal-$3,689-$3,689
Total Functional Expenses$4,051,733$310,535$115,584$4,477,852

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,485,661
Expenses per Audited Statements$4,477,852
Total Expenses per Form 990$4,477,852
Expenses Not Reported on Form 990$1,007,809
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
26-0560732-501(c)(3)Operational Funding and Vocations$2,030,000
86-0100880-501(c)(3)Social Services$490,000
86-0469722-501(c)(3)Pastor Salary Support$85,572
45-4044769-501(c)(3)Pastoral Ministry Education$40,000
86-0455556-501(c)(3)Pastor Salary Support$34,992
86-0393097-501(c)(3)Pastor Salary Support$32,436
86-0100880-501(c)(3)Furniture and Equipment for Shelter$10,780
86-0139633-501(c)(3)Roof Repair$10,000
86-0014407-501(c)(3)Upgrade Facility for Hearing Impaired$10,000
86-0134461-501(c)(3)Replace Hvac$10,000
86-1047742-501(c)(3)Technology$10,000
86-0100880-501(c)(3)Pastoral Ministry Program$10,000
86-0201759-501(c)(3)Roof Repair$10,000
86-0127607-501(c)(3)Security System$10,000
86-0106549-501(c)(3)Hvac$10,000
86-0186945-501(c)(3)Upgrade Electrical and Ac$10,000
86-0174172-501(c)(3)Roof Repair$10,000
86-0150569-501(c)(3)Building Renovations$10,000
86-0100880-501(c)(3)Wages for Vista Volunteer$8,000
86-0912874-501(c)(3)Furniture$7,500
86-0322523-501(c)(3)Sound System for Parish$7,418
68-0515084-501(c)(3)Training in Marriage Counseling$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$47,045
Fundraising Gross Income$30,450
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$116,630$30,450$47,045$-16,595
Total Events$116,630$30,450$47,045$-16,595
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Contract Obligations$827,379
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 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
Yes
Management duties delegated
No

Governance Explanations

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

The bishop of the catholic diocese of tucson is the only person with the authority to appoint board members of the foundation.

Form 990, Part VI, Section A, Line 7B

According to the foundation's articles of incorporation, the bishop shall have the following reserved powers: a) the power to approve any alterations or amendments to, or adoption of new bylaws; b) the power to appoint the board of directors, to approve officers elected by the board of directors, and to remove, with or without cause, any member of the board of directors or any officer; c) the power to approve any changes in the stated purpose for which the foundation is organized; d) the power to approve any merger or consolidation of the foundation and another entity or the dissolution of the foundation, and e)the power to approve of the disposition of the foundation's assets upon its dissolution. Article iii section 1 of the bylaws further states that "all voting directors shall have equal voting rights on all matters to come before the board".

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an independent cpa and a draft is provided to the executive director and the investment and finance committee for review.

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

The conflict of interest statement is contained in the foundation's by-laws and states that no transaction of the foundation shall be voidable by reason of fact that any director or officer of the foundation has an interest in the concern with which such transaction is entered into, provided 1) the interest of such officer or director is fully disclosed to the board of directors, 2) such transaction is duly approved by the board of directors no so interested or connected as being in the best interests of the foundation, 3) payments to the interested officer or director are reasonable and do not exceed fair market value, 4) no interest officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. The minutes of meetings at which such votes are taken record such disclosure, abstention, and rationale for approval. This policy is reviewed each year at the september board meeting.

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

The compensation hiring range of the executive director was determined by the board of directors of the catholic foundation after reviewing compensation data for similar positions in the nonprofit field based on the size of the foundation assets and the tucson market. The executive director's pay is reviewed annually by the executive committee of the board and any changes to the compensation is forwarded to the full board for approval.

Form 990, Part VI, Section C, Line 19

Financial statements are available on the organization's website. Governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

EIN
86-0408580
Phone
5208382598

Signing Officer

Name
Ernest T Nedder
Title
Interim Executive Director
Phone
5208382598
Signed
2014-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernest T Nedder
Formed
1981
Legal Domicile
Az
Voting Board Members
17
Independent Board Members
16
Employees
7
Volunteers
20

Preparer

Preparer
Corey Arvizu CPA
Phone
5207422611
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adjustment to rent receivable due to changes in lease terms -951,111.

Financial Statement Notes

PART IV, LINE 2B:

The foundation manages funds for other catholic organizations located in southern arizona since these funds can be withdrawn and are not restricted as to use, they are reported as liabilities in the statement of financial position.

PART V, LINE 4:

The endowment program was designed to develop a means by which church needs could be met on a long-range, planned basis. Earnings from the endowment funds are distributed to religious, charitable, and educational programs within the diocese of tucson.

PART X, LINE 2:

The foundation is exempt from federal income tax as an organization other than private foundation under section 501(c)(3) of the internal revenue code and from state income taxes under arizona revised statutes (a.r.s.). Income from certain activities not directly related to the foundation's tax-exempt purposes may be subject to taxation as unrelated business income. The foundation has analyzed its tax positions taken for filings with the internal revenue service and believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the foundation's financial statements. Accordingly, the foundation has not recorded any tax assets or liabilities, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2013. The foundation's form 990, return of organization exempt from income taxes, is generally subject to examination by the internal revenue service for three years after the date filed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 56,698.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 56,698. Adjutsment to rent receivable 951,111.

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IRS990/Desc01 - CATHOLIC FOUNDATION ACCOMPLISHED PROGRAMS DEDICATED TO EDUCATING, MOTIVATING, AND INVIGORATING STEWARDSHIP WITHIN THE DIOCESE OF TUCSON. THROUGH ANNUAL, MAJOR, AND PLANNED GIVING PROGRAMS, THE CATHOLIC FOUNDATION IS ABLE TO GARNER RESOURCES IN A FISCALLY TRANSPARENT AND RESPONSIBLE MANNER AND DISTRIBUTE SOLICITED GIFTS FOR THE IMMEDIATE AND LONG TERM NEEDS OF THE FAITH COMMUNITY OF THE DIOCESE. THE CATHOLIC FOUNDATION WORKS TO FOSTER A FAITH COMMUNITY WHERE ITS MEMBERS PRAYERFULLY CONSIDER THEIR STEWARDSHIP RESPONSIBILITY AND DECIDE TO COMMIT A PORTION OF THEIR TIME, TALENT, AND TREASURERS TO SERVE THE MISSION OF CHRIST.GRANTS PROGRAM - DURING THE FISCAL YEAR ENDED DECEMBER 31, 2013 THE CATHOLIC FOUNDATION DISBURSED $3,110,472 IN GRANTS TO PARISHES, SCHOOLS, AND OTHER CATHOLIC MINISTRY PROGRAMS. ANNUAL APPEAL THE CATHOLIC FOUNDATION MANAGES A ROBUST ANNUAL APPEAL EFFORT ON BEHALF OF THE DIOCESE OF TUCSON. THIS EFFORT, WHICH RAISED $3,708,177 SUPPORTS 26 DIOCESAN LEVEL CHARITIES, MINISTRIES, AND SERVICES ESSENTIAL TO THE PASTORAL NEEDS OF THE DIOCESE.ENDOWMENT PROGRAM THE CATHOLIC FOUNDATION WAS DESIGNED TO DEVELOP A MEANS BY WHICH CHURCH NEEDS COULD BE MET ON A LONG-RANGE, PLANNED BASIS THROUGH AN ENDOWMENT PROGRAM. THE FOUNDATION HAS DEVELOPED GIVING PROGRAMS THAT ALLOW PEOPLE INTERESTED IN MAKING A LASTING GIFT TO DO SO WITH THE ASSURANCE THAT THE EARNINGS FROM THEIR DONATION WILL BE DISTRIBUTED TO RELIGIOUS, CHARITABLE, AND EDUCATIONAL PROGRAMS WITHIN THE DIOCESE OF TUCSON. THE BOARD OF DIRECTORS OF THE CATHOLIC FOUNDATION IS CALLED TO EXERCISE FAITHFUL, COMPETENT, AND SOCIALLY RESPONSIBLE STEWARDSHIP IN HOW IT MANAGES ITS FINANCIAL RESOURCES. THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 79 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES.CHARITABLE GIFT ANNUITIES FOR MORE THAN 25 YEARS, THE CATHOLIC FOUNDATION HAS MAINTAINED A SUCCESSFUL CHARITABLE GIFT ANNUITIES (CGA) PROGRAM. DURING THE PAST YEAR, THE FOUNDATION RECEIVED ONE NEW CGA ACCOUNT BRINGING THE TOTAL NUMBER OF CGA ACCOUNTS TO 24.ACTS OF THE APOSTLE SOCIETY THE ACTS OF THE APOSTLE SOCIETY WAS CREATED TO RECOGNIZE THOSE SUPPORTERS WHO HAVE MADE A PROVISION FOR THE CATHOLIC FOUNDATION AND/OR A PARISH, SCHOOL, OR ANY OTHER CATHOLIC ORGANIZATION LOCATED WITHIN THE DIOCESE OF TUCSON IN THEIR WILL OR LIVING TRUST, HAVE ESTABLISHED A CHARITABLE GIFT ANNUITY, CHARITABLE REMAINDER TRUST, OR OTHER TYPE OF PLANNED GIFT OF STEWARDSHIP PROGRAM. THE CATHOLIC FOUNDATION PROVIDES EDUCATION, TRAINING, AND SUPPORT TO PARISH STEWARDSHIP EFFORTS WITHIN THE DIOCESE OF TUCSON AND WORKS CLOSELY WITH PASTORS, LAY MINISTERS, AND PARISHIONERS TO ENCOURAGE STEWARDSHIP OF TIME, TALENT, AND TREASURER AS A WAY OF LIFE. INCREASING A CULTURE OF STEWARDSHIP WITHIN THE DIOCESE OF TUCSON IS A STRATEGIC PRIORITY.
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IRS990/Form990PartVIISectionAGrp/PersonNm3MOST REV GERALD F KICANAS
IRS990/Form990PartVIISectionAGrp/PersonNm4JOE KEANEY
IRS990/Form990PartVIISectionAGrp/PersonNm5RICHARD MIRANDA
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK MISTLER
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM PATIENT
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSE RINCON
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES ROMANOSKI
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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