2024-10-23T10:34:01-07:00 2023-12-31 990 2023-01-01 364390471 BROTHERS COMMUNITIES AND MINISTRIES INVESTMENT TRUST BROT 8472648700 600 ALEXIAN WAY ELK GROVE VILLAGE IL 60007 STEVE FOGT TREASURER 8472846187 2024-08-30 1 2023 2024-10-15 13:58:12Z BROTHER STEVE FOGT 600 ALEXIAN WAY ELK GROVE VILLAGE IL 60007 15861884 0 X WWW.ALEXIANBROTHERS.ORG X 2000 IL BROTHERS COMMUNITIES AND MINISTRIES INVESTMENT TRUST (THE "TRUST") CARRIES OUT ITS EXEMPT PURPOSES BY ADMINISTERING THE POOLED INVESTMENTS MAINTAINED ON BEHALF OF THE PARTICIPANTS OF THE TRUST. 3 3 0 0 0 0 0 0 0 0 -16817290 15861884 16899536 0 82246 15861884 0 0 0 0 0 0 0 0 0 82246 15861884 82246 15861884 0 0 120972404 135253776 0 0 120972404 135253776 BROTHERS COMMUNITIES AND MINISTRIES INVESTMENT TRUST (THE "TRUST") CARRIES OUT ITS EXEMPT PURPOSES BY ADMINISTERING THE POOLED INVESTMENTS MAINTAINED ON BEHALF OF THE PARTICIPANTS IN THE TRUST. 0 0 15861884 0 15861884 FOR MORE THAN SEVEN CENTURIES, THE ALEXIAN BROTHERS HAVE CARED FOR THE SICK, THE AGED, THE POOR AND THE DYING. THE BASIC JUDEO-CHRISTIAN BELIEFS THAT INSPIRED THE FOUNDERS OF THIS WORLDWIDE CATHOLIC RELIGOUS CONGREGATION SUSTAIN ITS MINISTRY TODAY: TO PROMOTE THE PHYSICAL, MENTAL, SPIRITUAL, AND SOCIAL WELL-BEING OF INDIVIDUALS OF ALL CREEDS, RACES, NATIONALITIES AND SOCIOECONOMIC LEVELS SERVED THOUGH HEALTH CARE MINISTRY. STRENGTHENED BY COMMUNITY, PRAYER, COMMITMENT TO THE POOR AND THE LEGACY OF ITS FOUNDERS, AND IN PARTNERSHIP WITH OTHERS, THE ALEXIAN BROTHERS WITNESS THE HEALTH CHRIST BY A HOLISTIC APPROACH TO PROMOTING HEALTH AND CARING FOR THE SICK, DYING, AGED AND UNWANTED OF ALL SOCIOECONOMIC LEVELS. THE TRUST'S PURPOSE IS ADMINISTERING THE POOLED INVESTMENTS MAINTAINED ON BEHALF OF PARTICIPANTS OF THE TRUST. PARTICIPATION IN THE TRUST IS LIMITED TO ALEXIAN BROTHERS COMMUNITIES AND MINISTRIES ("ABCM") AND ABCM AFFILIATES WHICH ARE NOT-FOR-PROFIT CORPORATIONS EXEMPT FROM FEDERAL INCOME TAXES. THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE CODE. ABCM IS THE ADMINSTRATOR OF THE TRUST AND IS RESPONSIBLE FOR CONTROLLING, MANAGING AND INVESTING THE POOLED ASSETS OF THE TRUST. PARTICIPANTS ACCRUED INTEREST ON THE ASSETS INVESTED WITH THE TRUST BASED ON THE TRUST'S ACTUAL EARNINGS. 0 0 0 15861884 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X ADELINE DZIEROZYNSKI 8472648704 600 ALEXIAN WAY ELK GROVE VILLAGE IL 60007 X ALEXIAN BROTHERS COMMUNITIES AND MINISTRIES TRUSTEE 0 0 X 0 0 0 BROTHERS OF ST ALEXIUS HEALTH AND WELFARE FUND INC TRUSTEE 0 0 X 0 0 0 CONGREGATION OF ALEXIAN BROTHERS IMMACULATE CONCEPTION PROVINCE TRUSTEE 0 0 X 0 0 0 BROTHER DANIEL MCCORMICK CFA PRESIDENT AND PROVINCIAL 1 0 X 0 0 0 BROTHER STEVE FOGT CFA TREASURER 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 15861884 15861884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15861884 15861884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80513 80513 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 INVESTMENT INCOME DISTRIBUTED TO MEMBERS 15781371 15781371 0 0 0 0 0 0 15861884 15861884 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120972404 135253776 0 0 0 0 120972404 135253776 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 120972404 135253776 120972404 135253776 120972404 135253776 X 0 0 0 0 0 14281372 X 0 0 0 X X X 3 ALEXIAN BROTHERS COMMUNITIES AND MINISTRIES 362606768 1 1 14680528 0 BROTHERS OF ST ALEXIUS HEALTH AND WELFARE FUND INC 362976617 1 1 1100722 0 CONGREGATION OF ALEXIAN BROTHERS IMMACULATE CONCEPTION PROVINCE 362976619 1 1 122 0 3 15781372 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 Schedule A, Part IV, Section D, Line 3 SUPPORTED ORG SIGNIFICANT VOICE IN INVESTMENT POLICIES: THE PROVINCIAL AND GOVERNING BODY OF ALEXIAN BROTHERS COMMUNITIES AND MINSTRIES IS PART OF THE COMMITTEE THAT OVERSEES THE INVESTMENTS MANAGED BY THE FILING ORGANIZATION. THE PROVINCIAL AND GOVERNING BODY ALSO IS THE HEAD OF EACH OF THE SUPPORTED ORGANIZATIONS. AS SUCH, BOTH THE PROVINCIAL AND GOVERNING BODY HAS A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FILING ORGANIZATIONS INCOME AND ASSETS AT ALL TIMES DURING THE TAX YEAR. DECISIONS CANNOT BE MADE WITHOUT THEIR APPROVAL. Schedule A, Part IV, Section E, Line 2a ORG ACTIVITIES DIRECTLY FURTHER THE EXEMPT PURPOSES: THE SUPPORTED ORGANIZATIONS INCLUDES THOSE LISTED IN SCHEDULE A PART I LINE G. THE INCOME EARNED FROM INVESTMENTS DIRECTLY ALLOWS THE ORGANIZATION TO FUFILL THE RELIGIOUS PURPOSES OF THE SUPPORTED ORGANIZATIONS, WHICH INCLUDES THE MANAGMENT AND MAINTENANCE OF THE ASSETS AND MINISTRIES OF THE CONGREGATION OF ALEXIAN BROTHERS. THE FILING ORGANIZATION IS OVERSEEN BY THE PROVINCIAL AND GOVERNING BODY OF THE ALEXIAN BROTHERS, WHO ALSO OVERSEES ALL SUPPORTED ORGANIZATIONS. THE ONLY ACTIVITY OF THE FILING ORGANIZATION ARE THE INVESTMENT AND MANAGEMENT OF THE POOLED INVESTMENTS MAINTAINED ON BEHALF OF THE SUPPORTED ORGANIZATIONS. Schedule A, Part IV, Section E, Line 2b ACTIVITES THAT ONE OR MORE SUPPORTED ORG ENGAGED IN: THE INVESTMENTS OF THE SUPPORTED ORGANIZATIONS WOULD HAVE TO BE MANAGED BY EACH ORGANIZATION INDIVIDUALLY WERE IT NOT FOR THE ACTIVITIES OF THE FILING ORGANIZATION. Form 990, Part VI, Section A, Line 6 CLASSES OF MEMBERS OR STOCKHOLDERS: THE BROTHERS COMMUNITIES AND MINISTRIES INVESTMENT TRUST HAS THREE MEMBERS: 1. ALEXIAN BROTHERS COMMUNITIES & MINISTRIES ("ABCM") 2. CONGREGATION OF ALEXIAN BROTHERS IMMACULATE CONCEPTION PROVINCE, INC. ("ABICP") 3. BROTHERS OF ST. ALEXIUS HEALTH AND WELFARE FUND ("ABHW") Form 990, Part VI, Section B, Line 11b REVIEW OF FORM 990 BY THE GOVERNING BODY: THE TRUST IS AN AFFILIATE OF ALEXIAN BROTHERS COMMUNITIES AND MINISTRIES ("ABCM") THE CORPORATE ARM OF THE CONGREGATION OF ALEXIAN BROTHERS IMMACULATE CONCEPTION PROVINCE, INC. A RELIGIOUS ORDER OF ROMAN CATHOLIC MEN. ABCM HAS OVERSIGHT RESPONSIBILITY FOR THE TRUST. DURING THE RETURN PREPARATION PROCESS THE BUSINESS OFFICE WORKS WITH OTHER AREAS OF THE CORPORATION IN ORDER TO PREPARE A COMPLETE AND ACCURATE RETURN. PRIOR TO FILING THE RETURN, THE FORM 990 IS REVIEWED BY PARTIES DESIGNATED BY THE PROVINCIAL AND THE PROVINCIAL REPORTS TO THE PROVINCIAL COUNCIL, THE GOVERNING BODY OF ABCM, ON ANY ISSUES AS NEEDED. Form 990, Part VI, Section B, Line 12c CONFLICT OF INTEREST POLICY: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IN THAT ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE REMAINING INDIVIDUALS ON THE GOVERNING BOARD OR COMMITTEE WILL DECIDE IF CONFLICTS OF INTEREST EXIST. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMPT PURPOSE. Form 990, Part VI, Section C, Line 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC: THE TRUST'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE ILLINOIS ATTORNEY GENERAL'S OFFICE AS PART OF THE AG990-IL FILING. CONFLICTS OF INTEREST AND THE ORGANIZATION'S GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: INVESTMENT REDEMPTIONS ($1,500,000) INCOME FROM INVESTMENTS ALLOCATED TO MEMBERS $15,781,372 ALEXIAN BROTHERS COMMUNITIES AND MINISTRIES 600 ALEXIAN WAY ELK GROVE VILLAGE IL 60007 362606768 RELIGIOUS ORDER OF CATHOLIC MEN TX 501C3 N/A 0 BROTHERS OF ST ALEXIUS HEALTH AND WELFARE FUND INC 600 ALEXIAN WAY ELK GROVE VILLAGE IL 60007 362976617 PROVIDES FOR HEALTH & WELFARE PAYMENTS FOR RELIGIOUS SPONSOR TX 501C3 ALEXIAN BROTHERS COMMUNITIES AND MINISTRIES 0 CONGREGATION OF ALEXIAN BROTHERS IMMACULATE CONCEPTION PROVINCE 600 ALEXIAN WAY ELK GROVE VILLAGE IL 60007 362976619 SUPPORTIVE SERVICES FOR THE RELIGIOUS ORDER TX 501C3 ALEXIAN BROTHERS COMMUNTIES AND MINISTRIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0