2024-06-26T11:45:18-07:00 2023-12-31 990 2023-01-01 510612966 MATER ECCLESIAE FUND FOR VOCATIONS INC MATE 8775566338 9243 Old Green Mountain Road Esmont VA 22937 Dennis McGonigle Treasurer 8775566338 2024-06-26 Dennis McGonigle 999009999 1 1 11 1 AAL2 X 2023 2023-04-26 12:10:37Z Anne Folan 9243 Old Green Mountain Road Esmont VA 22937 1046354 0 X fundforvocations.org X 2006 VA The Mater Ecclesiae Fund for Vocations (the Fund) awards grants to men and women with vocations to the Catholic religious life, who are prevented from beginning or continuing their formation by their student loans. 8 7 2 11 0 0 858980 1003591 0 0 2392 11065 0 0 861372 1014656 180737 199659 0 0 227646 220530 6569 0 110380 127459 267612 542411 687801 318961 326855 1032199 1366334 17679 24959 1014520 1341375 X The mission of the Mater Ecclesiae Fund for Vocations (the Fund) is to increase the number of men and women in Catholic religious life by awarding grants to individuals who have vocations to the Catholic religious life, but who are prevented from beginning or continuing their formation by their pre-existing student loans. 1 0 253025 197701 0 The Fund operates the St. Joseph Student Debt Relief Grant Program for men and women with vocations to the Catholic religious life (including those monasteries or other communities whose members make vows of poverty, chastity and obedience, as well as those in Societies of Apostolic Life, whose members do not make such vows) but who are prevented from beginning or continuing their religious formation due to their pre-existing student loans. In 2023, the Fund awarded 27 new grants. In total, 35 men and 103 women were beneficiaries under this program in 2023. AT DECEMBER 31, 2023, THESE GRANTS ARE REFLECTED IN A CONTINGENT LIABILITY OF $1,301,074 FOR FUTURE GRANT PAYMENTS. 2507 1958 0 Until 2023, the Fund operated the St. John Vianney Student Debt Relief Grant Program for men with vocations to the Catholic priesthood, but who are prevented from beginning or continuing their priestly formation due to their pre-existing student loans. When they complete their seminary training, these men will serve in parish or other priestly ministry. In 2023, five men were beneficiaries under this program. In 2014, the St. John Vianney program was closed and combined with the St. Joseph program. The last of the St. John Vianney Grants was fully paid in 2023. Now, all awards are given through the St. Joseph program. 279424 0 0 The Fund conducts an ongoing public education and awareness campaign to inform members of the Catholic Faithful about the tremendous problem facing men and women who are prevented from pursuing their vocations to the Catholic priesthood and/or religious life by their student debts. In 2023, approximately 100,000 Catholic households were contacted through a direct-mail program (including both postal mail and email) about this problem and about the solution developed by the Fund. The Fund also operates through its website, fundforvocations.org, and on social media, including FaceBook, Instagram and YouTube. Our Facebook pages logged approximately 38,569 page reaches (166% growth over 2022) and over 5,196 visits (186% growth). Instagram reported 246,625 (over 1,300% growth over 2022) page reaches and over 2,794 new followers (up 214%). Our YouTube channel and website all experienced similar growth in 2023. 3148 0 0 Vita Consecrata Event: In July of 2023, the Fund hosted a dinner meeting to meet and to thank men and women in religious life or their lives of prayer, sacrifice and service to the Church and to the world, as well as to familiarize them with the work of the Fund. The event was held in conjunction with the Vita Consecrata Institute, a joint project of the Institute on Religious Life and the Notre Dame Graduate School of Christendom College in Front Royal, Virginia. Approximately 60 men and women in religious life, together with faculty and staff attended the event. 3148 0 0 538104 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 1 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NV OH OR PA SC TN UT VA WA WV X X X Katherine Huber 8775566338 9243 Old Green Mountain Road Esmont VA 22937 Mary Radford Executive Director 40 0 X 151588 0 10668 Anne Folan President 5 0 X X 0 0 0 Corey Huber Director 1 1 X 0 0 0 Dennis McGonigle Treasurer 2 0 X X 0 0 0 Rachel McGonigle Director 1 0 X 0 0 0 Terence O'Day Director 1 0 X 0 0 0 Susan O'Day Director 1 0 X 0 0 0 Timothy Flanigan Director 1 0 X 0 0 0 Becky Topp Secretary 1 0 X X 0 0 0 151588 0 10668 1 0 1 0 0 0 0 0 27192 0 976399 31698 1003591 0 0 0 0 0 10941 0 0 10941 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31822 0 31698 0 124 0 124 0 0 124 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1014656 0 0 11065 X 0 0 188067 188067 11592 11592 0 0 164668 115262 8258 41148 0 0 0 0 40000 40000 0 0 0 0 0 0 995 0 0 995 14867 11325 590 2952 0 0 0 0 5430 0 5430 0 9347 0 9347 0 0 0 0 0 0 0 0 0 0 0 68000 54636 0 13364 4320 0 0 4320 120457 70710 8734 41013 6734 5375 1359 4623 3024 779 820 21831 18057 1124 2650 19102 18992 0 110 1019 0 1019 0 Donor appreciation 1598 319 0 1279 Dues and subscriptions 1435 685 380 370 Miscellaneous 529 60 469 0 Licenses and Permits 3187 0 3187 0 687801 538104 39317 110380 X 58586 34287 0 24299 68284 120708 953822 1203917 20000 1887 0 0 0 0 0 0 0 0 0 6205 20727 5225 4243 2001 982 0 0 0 0 0 0 0 0 0 0 1032199 1366334 17679 24959 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17679 24959 X 921495 1286736 93025 54639 1014520 1341375 1032199 1366334 326855 0 0 0 0 0 X 0 1 X 0 0 X 335498 706731 868790 858980 1003591 3773590 0 0 0 0 0 0 0 0 0 0 0 0 335498 706731 868790 858980 1003591 3773590 1043934 2729656 534 381 912 2869 10941 15637 0 0 0 0 0 0 0 0 0 0 0 0 3789227 0 0.72037 0.67818 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 5225 4243 982 0 0 0 0 982 0 0 X 1014656 0 0 0 0 0 1014656 0 0 0 1014656 687801 0 0 0 0 0 687801 0 0 0 687801 Schedule D, Part X, Line 2 Uncertain Tax Positions -- As of December 31, 2023, the Fund had no uncertain tax positions that qualify for either recognition or disclosures in the financial statements. The tax years subject to examination by the taxing authorities are the years ended December 31, 2020 through 2022. 1 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking St. Joseph Grant Program 2910 Europe (including Iceland and Greenland) 0 0 Grantmaking St. Joseph Grant Program 4656 Sub-Saharan Africa 0 0 Grantmaking St. Joseph Grant Program 4026 East Asia and the Pacific 0 0 Grantmaking St. Joseph Grant Program 0 0 0 11592 St. Joseph Student Debt Relief Grant Program North America (including Canada and Mexico, but not the United States) 8 2910 Payment to student loan servicers 0 None None St. Joseph Student Debt Relief Program Europe (including Iceland and Greenland) 6 4656 Payments to student loan servicers 0 None None St. Joseph Student Debt Relief Grant Program Sub-Saharan Africa 2 4026 Payments to student loan servicers 0 None None St. Joseph Student Debt Relief Program East Asia and the Pacific 1 0 Payments to student loan servicers 0 None None 0 0 0 0 0 0 Schedule F, Part I, Line 2 The Fund for Vocations operates the St. Joseph and the St. John Vianney Student Debt Relief Grant Programs. Both programs provide assistance to men and women who are prevented by their pre-existing student loans from beginning or continuing their formation for the Catholic religious life. Beginning in 2014, the St. John Vianney program was merged into the St. Joseph program. The final St. John Vianney Grant was fully paid in 2023. Applications for the grant program are accepted year-round, with grants awarded four times per year. The online application includes: (1) an application form providing contact information, together with educational and financial information; (2) narrative descriptions of the applicant's progress in reducing his or her debt; (3) an essay telling about the applicant's religious vocation; (4) a letter of acceptance from the religious community the applicant wishes to enter; (5) releases for information needs in the evaluation of the application and administration of the potential grant; and, (6) documentation of all information related to the applicant's student loans. Of the 143 individuals served by the Fund's grant programs in 2023, 17 are foreign: 8 are Canadian, 6 are European or in formation in European religious communities, 2 are African, and 1 a New Zealander. 1 St. Joseph Grant Program 126 186109 0 None None St. John Vianney Grant Program 4 1958 0 None None Schedule I, Part I, Line 2 The Fund for Vocations operates the St. Joseph and the St. John Vianney Student Debt Relief Grant Programs. Both programs provide assistance to men and women who are prevented by their pre-existing student loans from beginning or continuing their formation for the Catholic religious life. Beginning in 2014, the St. John Vianney program was merged into the St. Joseph program. The final St. John Vianney Grant was fully paid in 2023. Applications for the grant program are accepted year-round, with grants awarded four times per year. The online application includes: (1) an application form providing contact information, together with educational and financial information; (2) narrative descriptions of the applicant's progress in reducing his or her debt; (3) an essay telling about the applicant's religious vocation; (4) a letter of acceptance from the religious community the applicant wishes to enter; (5) releases for information needs in the evaluation of the application and administration of the potential grant; and, (6) documentation of all information related to the applicant's student loans. X 0 0 0 0 0 0 0 0 0 Mary Radford Executive Director 151588 0 0 0 0 0 0 0 10668 0 162256 0 0 X 3 31698 Market quote 0 0 0 0 Form 990, Part III, Line 2 In 2023, the Organization re-established its annual event in appreciation of men and women in religious life, held in cooperation with the Vita Consecrata Institute, that had been discontinued for several years due to the covid pandemic. Form 990, Part VI, Section A, Line 2 The following Board members are spouses: Dennis and Rachel McGonigle; Terence and Susan O'Day. Form 990, Part VI, Section A, Line 4 The Board of Directors voted to amend its By-Laws at it's March 2024 annual meeting. Form 990, Part VI, Section A, Line 8b There are no committees with the authority to act on behalf of the Board of Directors. Form 990, Part VI, Section B, Line 11b The entire Form 990 package is distributed by email to all members of the Board of Directors prior to filing with sufficient time to allow for comments, concerns or questions. Form 990, Part VI, Section B, Line 12c All members of the Board of Directors have received a copy of the conflict of interest policy and are aware of their responsibility to disclose any actual or potential conflicts of interest to the Board. Form 990, Part VI, Section B, Line 15 Salary expenses are reviewed and approved annually by the Board of Directors as part of the annual budgeting process. Form 990, Part VI, Section C, Line 19 Copies of governing documents, all organization policies, and financial statements are available upon reasonable written request to the Fund. Copying charges may apply. Form 990, Part IX, Line 11g Communications Consultant - $61,000; Copywriting and Design - $7,000 Fraser Family Foundation Inc 9239 Old Green Mountain Road Esmont VA 22937 161584090 Grantmaking NY 501(c)(3) Private foundation N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fraser Family Foundation Inc c 27192 Cash Form 8868 was timely filed and accepted and approved by the Internal Revenue Service.