2024-07-22T09:01:34-07:00 2023-12-31 141649482 Walquist & Renodin PC 284 State St Albany NY 12210 990 2023-01-01 112859284 FRANCISCAN SISTERS OF THE POOR FOUNDATION INC FRAN 7186431945 505 EIGHTH AVENUE 900 NEW YORK NY 10018 SISTER WILMA MOLINARI President 2024-07-22 true SISTER WILMA MOLINARI 999009999 true James Alund CPA P02239774 5184341269 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z SISTER WILMA MOLINARI 505 EIGHTH AVENUE 900 NEW YORK NY 10018 606200 false 0928 X FRANCISCANFOUNDATION.ORG X 1988 DE SUPPORT THE APOSTOLATE AND CHARITABLE WORKS UNDERTAKEN BY THE FRANCISCAN SISTERS OF THE POOR 21 21 1 23 0 206445 281731 0 296091 307663 6069 11563 508605 600957 497492 956134 0 85775 91467 0 14504 139949 102207 723216 1149808 -214611 -548851 12869618 14071721 1497307 1566447 11372311 12505274 SUPPORT THE APOSTOLATE AND CHARITABLE WORKS UNDERTAKEN BY THE FRANCISCAN SISTERS OF THE POOR false false 956134 956134 ORGANIZING AND ADMINISTERING ACTIVITIES TO RAISE FUNDS TO HELP SUPPORTTHE MISSION OF THE FRANCISCAN SISTERS OF THE POOR AND ITS SUPPORTEDORGANIZATIONS . SUPPORT & TREATMENT FOR TRAFFICKED WOMEN . WAGES, BENEFITS AND SCHOOL SUPPLIES . SCHOLARSHIP PROGRAMS FOR POOR HIGH SCHOOL STUDENTS . FOOD, CLOTHING, SHOES & PERSONAL ITEMS FOR INDIVIDUALS . PROVIDE TREATMENTS FOR LOW INCOME PATRONS . PROVIDE HAIRCUTS TO LOW INCOME PATRONS 956134 true true false false false false false false false true true false false false true true true false false false false false false false false true false true false false false false false false false false false false false false false false false true false false false true 2 0 true 1 true false false false false false false false 0 false false false false false false false X 21 21 false false false false true true true true true false false true true true true true true false false false X EVETTE PEREZ 7186431945 505 EIGHTH AVENUE SUITE 900 NEW YORK NY 10018 X SISTER WILMA MOLINARI President 0.50 40.00 X X 0 0 0 SISTER MICHELA REFATTO Secretary 0.50 40.00 X X 0 0 0 SISTER MARA BELLUTTA Treasurer 0.50 40.00 X X 0 0 0 MR JOHN GORMALLY Board Member 0.50 0.00 X 0 0 0 DR JEFFREY NICHOLS MD Chairman 0.50 0.00 X X 0 0 0 MR JAMES W LEE Board Member 0.50 0.00 X 0 0 0 NICHOLAS FISCINA Board Member 0.50 0.00 X 0 0 0 MS MICHELE A MASUCCI Board Member 0.50 0.00 X 0 0 0 MR JIM MAHON BOARD MEMBER 0.50 0.00 X 0 0 0 FR LAWRENCE P FORD OFM Board Member 0.50 0.00 X 0 0 0 MS THOMASINA NOLAN Board Member 0.50 0.00 X 0 0 0 PATRICIA FAGAN Board Member 0.50 0.00 X 0 0 0 MR GEORGE J RAAB III Board Member 0.50 0.00 X 0 0 0 MS DANA DOKMANOVICH Board Member 0.50 0.00 X 0 0 0 MRS INES RODRIGUES Board Member 0.50 0.00 X 0 0 0 Mr THOMAS MCARDLE BOARD MEMBER 0.50 0.00 X 0 0 0 MS ELENA LEAL Board Member 0.50 0.00 X 0 0 0 MARY MACCHIAROLA Board Member 0.50 0.00 X 0 0 0 VICTOR DIONE Board Member 0.50 0.00 X 0 0 0 MS BELKIS J KNUDSVIG BOARD MEMBER 0.50 0.00 X 0 0 0 KELLY DIONE Board Member 0.50 0.00 X 0 0 0 0 false false false 0 281731 281731 0 307663 307663 0 0 0 0 0 16806 5243 11563 11563 0 0 600957 319226 956134 956134 0 0 0 0 0 70683 70683 3534 3534 11780 11780 5470 5470 0 0 14750 14750 0 0 20655 20655 0 0 3169 3169 0 0 30402 30402 109 109 0 483 483 0 0 0 385 385 FUND RAISING 14504 14504 BANK FEES & CHARGES 5872 5872 LEASED EQUIPMENT 2886 2886 COMMUNICATION/website IT 2568 2568 6424 6424 1149808 956134 179170 14504 353314 409860 0 9450 15805 0 0 0 0 0 1080 64213 64213 0 11776146 13004210 0 0 0 730708 640766 12869618 14071721 652430 794152 844877 772295 1497307 1566447 X 10268338 11138479 1103973 1366795 11372311 12505274 12869618 14071721 X -548851 1698414 -16600 X false true X true false X X 1 FRANCISCAN SISTERS OF THE POOR INC 112251527 7 true 956134 0 1 956134 0 true false false false false false false false false false false false false false false true true true X true true Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played COUNCILORS (MEMBERS OF THE FRANCISCAN SISTERS OF THE POOR) OF THE SUPPORTED ORGANIZATION HAVE EXECUTIVE POSITIONS ON THE BOARD OF THE SUPPORTING ORGANIZATION AND HAVE A SIGNIFICANT VOICE ON THE DIRECTION OF INVESTMENTS AND OTHER ASSETS. Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu Provide funding through grants to The Franciscan Sisters of the Poor Inc. for their 501-c-3 charitable activities in the United States, Brazil, Senegal and Philippines. These activities primarily consist of assistance to the poor and marginalized in society. Part IV, Section E, Line 2b: Reasons For The Organization's Position ACTIVITIES DESCRIBED IN LINE 2A ARE CONDUCTED BY THE SUPPORTED ORGANIZATION REGARDLESS OF THE ACTIVITY OF THE SUPPORTING ORGANIZATION, WHICH EXISTS MERELY TO SUPPORT THESE ACTIVITIES AND MAKE THEM MORE MEANINGFUL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 946009 946009 946009 946009 946009 946009 946009 946009 946009 946009 1.00000 false false false 64213 64213 ANNUITY OBLIGATIONS 159803 DUE TO RELATED PARTIES 24521 OPERATING LEASE LIABILITIES 587971 772295 X 2363526 1698414 43500 1741914 621612 -20655 -20655 600957 1193308 43500 43500 1149808 1149808 Part V, Line 4: Intended uses of the endowment fund. ENDOWMENT FUNDENDOWMENT FUNDS ARE MAINTAINED FOR THE PURPOSE OF PROVIDING LONG TERM SUPPORT TO THE FOUNDATION CHARITABLE PROGRAMS Part X : FIN48 Footnote THE FOUNDATION RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. X false false false 16806 5243 true 0.90000 16806 5243 5243 11563 NY true false true false 1.00000 EVETTE PEREZ 505 EIGHTH AVE STE 900 NEW YORK NY 10018 false ARLEEN KEARNS 2500 COORDINATION OF RAFFLE FUNCTION X false true FRANCISCAN SISTERS OF THE POO 505 EIGHTH AVE STE 900 NEW YORK NY 10018 112251527 501 C 3 956134 0 0 1 Grantmaker's Description of How Grants are Used ACCOUNTABILITY FORMS ARE REVIEWED TO ENSURE FUNDS ARE SPENT IN ACCORDANCE WITH GRANT REQUESTS. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PREPARED BY OUR OUTSIDE ACCOUNTING FIRM AND REVIEWED BY OUR INDEPENDENT AUDITORS. THE COMPLETED FORM IS FORWARDED TO THE ADMINISTRATOR WHO PRESENTS THE COMPLETED FORM TO THE AUDIT COMMITTEE AND THEN TO THE BOARD OF GOVERNORS FOR THEIR REVIEW AND APPROVAL. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 CHANGE IN VALUE SPLIT INT. AGREEMENT = -$16600 FORM 990 PART VI, LINE 2 BOARD MEMBERS VICTOR AND KELLY DIONE ARE RELATED AS HUSBAND AND WIFE. FORM 990 PART VI, SECTION A LINE 6 THE MEMBERS OF THE CORPORATION ARE EX-OFFICIO AND ARE THE CONGREGATIONAL MINISTER AND MEMBERS OF THE CONGREGATIONAL COUNCIL OF THE RELIGIOUS CONGREGATION OF THE FRANCISCAN SISTERS OF THE POOR. FORM 990 PART VI, SECTION B LINE 12a,b,c ANNUALLY AT BOARD OF GOVERNORS MEETING ALL MEMBERS, KEY EMPLOYEES AND OFFICERS OF THE CORPORATION MUST COMPLETE A CONFLICT OF INTEREST FORM. THE EXECUTIVE COMMITTEE REVIEWS TO MAKE SURE ALL ARE IN COMPLIANCE. IF A CONFLICT OF INTEREST ARISES, THE EXECUTIVE COMMITTEE WILL REVIEW AND MAY PROHIBIT THE PERSON FROM PARTICIPATING IN DECISIONS OF THE BOARD OF GOVERNORS WITH RESPECT TO THE CONFLICT. FORM 990, PART VI SECTION A LINE 7a, 7b THE FOUNDATION IS A MEMBER CORPORATION. THE MEMBERS HAVE CERTAIN RESERVE POWERS INCLUDING APPOINTMENT OF THE CHAIRPERSON, VICE CHAIRPERSON AND EXECUTIVE DIRECTOR FORM 990, PART VI SECTION A, LINE 7B The reserved powers of the Members shall be as follows:a. To determine, amend and maintain the religious identity, philosophy, mission and purposes of the Corporation;b. To adopt, amend, repeal or alter the Articles of Incorporation and Bylaws of the Corporation;c. To appoint, re-appoint and remove the Chairperson of the Board of Governors and to remove any or all of the appointed members of the Board of Governors without assigning any cause therefore;d. To approve of any sale, purchase, mortgage or encumbrance of any real or personal property of the Corporation;e. To approve of any merger, consolidation, division, dissolution, liquidation or other fundamental corporate reorganization of the Corporation, and to determine the distribution of assets upon dissolution or liquidation;f. To appoint, re-appoint and remove the Executive Director of the Corporation;g. To request and receive from the Board of Governors and/or the Executive Director at any time a certified audit of corporate funds, which sets forth the annual distributions of the corporation;h. To determine the number of persons who shall serve on the Board of Governors;i. To receive an annual report from the Executive Director.j. To approve the strategic plan for the Foundation.k. To present the strategic plan for the Foundation to the Board of Governors.l. To present the ministries of the Congregation to the Board of Governors. 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