Catholic Eldercare Community Foundation INC

Tax-deductible

Minneapolis, MN501(c)(3)Since 1992EIN 41-1756772

Provides support for the programs of catholic eldercare, catholic eldercare community services corp., catholic eldercare at st hedwig's and catholic eldercare community services corporation II.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $415K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: -20.7 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.3M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+39% vs prior year
Spent
$2.8M
To programs
49%
Net assets
$15.4M
By yearFY2020–FY2024
Revenue
$3.4M
FY2024▲ +39%
Revenue by fiscal year
FY2020$2.6M
FY2021$3.0M
FY2022$2.6M
FY2023$2.6M
FY2024$2.5M
FY2024$3.4M
Expenses
$2.8M
FY2024▲ +15%
Expenses by fiscal year
FY2020$2.4M
FY2021$2.1M
FY2022$2.1M
FY2023$2.3M
FY2024$2.4M
FY2024$2.8M
Net assets
$15.4M
FY2024▲ +6%
Net assets by fiscal year
FY2020$11.3M
FY2021$13.4M
FY2022$11.6M
FY2023$12.7M
FY2024$14.5M
FY2024$15.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $1.3M Management & general 43% · $1.2M Fundraising 9% · $236K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Catholic Eldercare Community Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports programs for Catholic eldercare services.

Provided by the organization

This section is blank until Catholic Eldercare Community Foundation INC claims this page.

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

The purpose of the organization is to support four other non-profit organizations by providing services and financial support. 1. Catholic eldercare on main is a 174 bed skilled nursing facility (24 beds are used for transitional care) providing long term health care to seniors. 2.

$1.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$1.2M
Gifts and grantsLn 1h$378K
Money outPt IX
$2.8M
Ln 25
Programscol B$1.3M
Managementcol C$1.2M
Fundraisingcol D$236K
Owns and owesPt X
$15.4M
net assets · Ln 32
Cash and savingsLn 1–2−$4.7M
Total assetsLn 16$27.6M
LiabilitiesLn 26$12.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$378K
Government grantsLn 1e$74K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$3K
Gains on assetsLn 7$430K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1−$5.1M
SavingsLn 2$364K
Cash and savings togetherLn 1–2−$4.7M
InvestmentsLn 11–13$16.0M
Land, buildings, equipmentLn 10c$350K
Other assetsLn 15$16.0M
Total assetsLn 16$27.6M
LiabilitiesLn 26$12.3M
Net assetsLn 32$15.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$140K−$4.7M
InvestmentsLn 11–13$13.4M$16.0M
Land, buildings, equipmentLn 10c$371K$350K
Total assetsLn 16$24.3M$27.6M
LiabilitiesLn 26$9.8M$12.3M
Net assetsLn 32$14.5M$15.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$83K$53K$30K
Investment management feesLn 11f$99K$99K
Other fees for servicesLn 11g$1.0M$424K$579K$25K
Advertising and promotionLn 12$46K$33K$13K
Office expensesLn 13$69K$27K$27K$14K
OccupancyLn 16$15K$15K
TravelLn 17$2K$2K$334
InterestLn 20$49$49
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$293K$293K
Other expenses (24a–d)Ln 24$1.1M$370K$528K$197K
Total functional expensesLn 25$2.8M$1.3M$1.2M$236K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.5M$2.4M$90K$14.5M 990 PDF
FY2023 $2.6M$2.3M$308K$12.7M 990 PDF
FY2022 $2.6M$2.1M$428K$11.6M 990 PDF
FY2021 $3.0M$2.1M$993K$13.4M 990 PDF
FY2020 $2.6M$2.4M$256K$11.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,439,673 across 7 lines filed
Lines not itemized here account for $3,420 of total revenue; see the IRS return.
VIII-1e Government grants$74,102
VIII-1f All other contributions, gifts and grants$303,896
VIII-1h Total contributions, gifts and grants$377,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,846,689$1,846,689
VIII-3 Investment incomeExcluded from tax $781,871$781,871
VIII-7 Net gain or loss on sales of assetsExcluded from tax $429,695$429,695
VIII-12 Total revenueRelated to mission $1,850,109 · Unrelated business $0 · Excluded from tax $1,211,566$3,439,673
Part IX · Statement of functional expenses $2,751,040 across 11 lines filed
IX-11b Legal feesPrograms $52,816 · Management $30,398$83,214
IX-11f Investment management feesPrograms $98,933$98,933
IX-11g Other fees for servicesPrograms $424,279 · Management $579,410 · Fundraising $25,072$1,028,761
IX-12 Advertising and promotionPrograms $33,451 · Management $12,808$46,259
IX-13 Office expensesPrograms $26,703 · Management $27,395 · Fundraising $14,486$68,584
IX-16 OccupancyPrograms $15,042$15,042
IX-17 TravelPrograms $1,770 · Management $334$2,104
IX-20 InterestManagement $49$49
IX-22 Depreciation, depletion and amortizationPrograms $20,617$20,617
IX-23 InsurancePrograms $293,386$293,386
IX-24 Other expenses (24a–d)Programs $369,752 · Management $527,653 · Fundraising $196,686$1,094,091
IX-25 Total functional expensesPrograms $1,336,749 · Management $1,178,047 · Fundraising $236,244$2,751,040
Part X · Balance sheet $27,637,951 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year −$653,162−$5,098,698
X-2 Savings and temporary cash investmentsStart of year $793,561$364,335
X-9 Prepaid expenses and deferred chargesStart of year $50,009$13,675
X-10c Land, buildings and equipment, netStart of year $371,290$350,494
X-11 Publicly traded securitiesStart of year $13,389,770$16,036,293
X-15 Other assetsStart of year $10,156,428$15,971,852
X-16 Total assetsStart of year $24,278,253$27,637,951
X-17 Accounts payable and accrued expensesStart of year $370,848$386,460
X-25 Other liabilitiesStart of year $9,414,010$11,872,566
X-26 Total liabilitiesStart of year $9,784,858$12,259,026
X-27 Net assets without donor restrictionsStart of year $14,334,095$15,219,625
X-28 Net assets with donor restrictionsStart of year $159,300$159,300
X-32 Total net assets or fund balancesStart of year $14,493,395$15,378,925
X-33 Total liabilities and net assetsStart of year $24,278,253$27,637,951
Part XI · Reconciliation of net assets $15,378,925 net assets at year end
XI-1 Total revenue$3,439,673
XI-2 Total expenses$2,751,040
XI-3 Revenue less expenses$688,633
XI-4 Net assets at start of year$14,493,395
XI-5 Net unrealized gains (losses) on investments$196,897
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,378,925

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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