2024-10-28T15:58:19-07:00 2023-12-31 472810714 Seattle CFO Services 509 Olive Way Suite 1133 Seattle WA 98101 990 2023-01-01 911699344 Cathedral Foundation of the Diocese of Olympia CATH 2063254200 1245 10th Ave E Seattle WA 98102 Julia Logan Chair 2063254200 2024-10-03 true true Philip Lloyd P01598099 2063825552 2024-10-28 2023 2024-10-15 13:58:12Z Julia Logan 1551 10th Ave E Seattle WA 98102 44684 false X N/A X 1995 WA The Cathedral Foundation of the Diocese of Olympia raises and manages capital and endowment funds for the benefit of St. Marks Episcopal Cathedral for the preservation and enhancement of the Cathedrals buildings and grounds; exercising fiduciary responsibility to provide oversight of these assets. 8 8 0 25 0 0 13266 9728 0 32087 34956 0 45353 44684 74502 76285 0 0 0 0 5049 4696 79551 80981 -34198 -36297 1677854 1800771 0 1677854 1800771 The Cathedral Foundation of the Diocese of Olympia raises and manages capital and endowment funds for the benefit of St. Marks Episcopal Cathedral for the preservation and enhancement of the Cathedrals buildings and grounds; exercising fiduciary responsibility to provide oversight of these assets. false false 76285 76285 0 Grants to St. Marks Episcopal Cathedral for maintenance of buildings and grounds. 76285 true false false false false false false false false true false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false X 8 8 false false false false false true false true true false false true true true true false true false false false WA X Marc Aubertin 6176948554 1245 10th Ave E Seattle WA 98102 X Julia Logan Chair 5.00 X X 0 0 0 J Scott Kovacs Vice Chair 5.00 X X 0 0 0 Deborah Person Secretary 5.00 X X 0 0 0 Marc Aubertin Treasurer 5.00 X X 0 0 0 Lynn Knutson Director 1.00 X 0 0 0 The Rev Elise Jonstone Director 1.00 X 0 0 0 The Very Rev Steven Thomason Board Member Ex Offico 1.00 X 0 0 0 Thr Right Rev Philip Labelle Board Member Ex Offico 1.00 X 0 0 0 false false false 9728 1538 9728 34956 0 34956 44684 0 0 34956 76285 76285 1537 0 1537 0 67 0 67 0 1535 0 1535 0 Board Expenses 1557 0 1557 0 80981 76285 4696 0 12467 12582 111268 104354 1554119 1683835 1677854 1800771 0 0 X 123735 116936 1554119 1683835 1677854 1800771 1677854 1800771 X -36297 136332 22882 X true false true false X 0 8822 10402 7526 7304 8191 42245 0 0 8822 10402 7526 7304 8191 42245 9334 32911 32862 29863 29816 32087 34956 159584 0 0 201829 0.16310 0.18760 X 0 0 0 Pt II Ln 17a The Organization meets the 10% Facts and Circumstances test for for 2023 for the following reasons: a) The organization has a history of consistently meeting the 33 1/3% test spanning over 28 years since its formation in 1995. b) the board continuously and actively promotes fund raising awareness and activity from the public. c) The organization receives significant investment revenue in the form of dividends on endowments. d) The ongoing impact of Covid-19 in the years 2022, 2021 and 2020 has had an adverse impact on the Organizations ability to realize any significant increases in public fundraising. e)The economic climate that has persisted since 2021 and worsened in 2022, with inflation and economic uncertainty prevalent, has dampened the general publics ability to donate money more freely to the Organization. f) The organization has maintained its public support in 2021 and 2022 at nearly 19% and 2023 over 16%. 1554119 194002 64285 1683836 1834601 -217980 62502 1554119 1640294 251316 57009 1834601 1472888 65310 156453 54357 1640294 1273255 257330 57697 1472888 0.00000 0.68000 0.32000 false false true St Mark's Episcopal Cathedral 1245 10th Ave E Seattle WA 98102 910579230 76285 Buldings and Grounds Pt VI, Line 11b The form 990 is initially prepared by the organizations contract bookkeeper and the Treasurer. Periodically the organization asks its CPA firm to read its form 990 and related schedules for the purpose of verifying that we have completed it correctly. The Finance Committee is also given a copy of the form 990 for their review and an electronic version is posted on the file-sharing website for the Board of Directors to access. Pt VI, Line 12c At the beginning of each year, at the organizations Annual Meeting, all members of the Board of Directors sign a Conflict of Interest Certification statement where they attest to having read the organizations Conflict of Interest policy,that they are not aware of any such conflicts or they have disclosed any that may exist, and that they will take appropriate action in accordance with the Policy if conflicts of interest arise in the future. Pt VI, Line 19 The organizations governing documents, Conflict of Interest policy and financial statements are available to the public upon request. Electronic copies are posted on a file-sharing website that any board member or officer can access and provide to the public. Pt XI Other changes in net assets for 2023 represent Realized Gains of $22,882 on the sale of publicly traded securities. Pt VI, Line 7a The bylaws of the organization allow for certain board members representing both St. Marks Cathedral parish and the Episcopal Diocese of Olympia to be appointed by the governing bodies of these organzations.