2025-12-08T16:02:11-06:00 2025-06-30 042536173 LIVINGSTON & HAYNES PC 40 GROVE STREET WELLESLEY MA 024827711 990 2024-07-01 825093066 THE CATHOLIC FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC CATH 5089856705 450 HIGHLAND AVENUE FALL RIVER MA 02720 MIRIAM FINN SHERMAN CHIEF EXECUTIVE OFFICER 5089856705 2025-12-04 1 0 MARIA BUNKER P00652618 7812373339 2025-11-25 2024 2025-03-06 01:10:19Z NICHOLAS M CHRIST 450 HIGHLAND AVENUE FALL RIVER MA 02720 6476715 0 X WWW.CATHOLICFOUNDATIONSEMA.ORG X 2018 MA TO SUPPORT THE WORK OF THE CATHOLIC RELIGIOUS, CHARITABLE, AND EDUCATIONAL INSTITUTIONS AND THEIR MINISTERIES WITHIN THE DIOCESE OF FALL RIVER. 8 8 0 25 0 0 2595913 4353574 932006 991547 101211 165512 91704 244075 3720834 5754708 1769948 3743683 0 0 0 0 0 0 90435 1541114 1594817 3311062 5338500 409772 416208 3732483 4723108 57140 500693 3675343 4222415 X TO SUPPORT THE WORK OF THE CATHOLIC RELIGIOUS, CHARITABLE, AND EDUCATIONAL INSTITUTIONS AND THEIR MINISTERIES WITHIN THE DIOCESE OF FALL RIVER. ALSO TO PROVIDE PROPER MANAGEMENT OF THE ASSETS AND RESOURCES OF THE FOUNDATION AND THE DIOCESAN INSTITUTIONS AND TO PROVIDE FOR THE CURRENT AND FUTURE NEEDS OF THE DIOCESE AND DIOCESAN INSTITUTIONS WITHIN THE GEOGRAPHIC BOUNDARIES OF THE DIOCESE OF FALL RIVER. 0 0 4875223 3743683 991547 ADVANCE THE MISSION OF THE DIOCESE OF FALL RIVER AND TO STRENGTHEN THE COMMUNITY AND PARISHES, ASSIST IN SECURING THE FINANCIAL RESOURCES NEEDED FOR REBUILDING FAITH AND HOPE 4875223 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 12 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X MIRIAM FINN SHERMAN 5089856705 450 HIGHLAND AVENUE FALL RIVER MA 02720 X PATRICK CARNEY PRESIDENT 10.00 0.00 X X 0 0 0 NICHOLAS M CHRIST TREASURER 5.00 0.00 X X 0 0 0 ROBERT LONG DIRECTOR 2.00 0.00 X 0 0 0 MOST REVEREND EDGAR M DA CUNHA DIRECTOR 2.00 0.00 X 0 0 0 CHRISTINE LONG DIRECTOR 2.00 0.00 X 0 0 0 RICHARD LAFRANCE DIRECTOR 2.00 0.00 X 0 0 0 REV MARCEL H BOUCHARD CLERK 2.00 0.00 X X 0 0 0 MARYELLEN SULLIVAN HUGHES DIRECTOR 2.00 0.00 X 0 0 0 GEORGE L AGOSTINI UNTIL 6925 CLERK 2.00 0.00 X X 0 0 0 MIRIAM FINN SHERMAN CHIEF EXECUTIVE OFFICER 40.00 0.00 X 0 0 0 0 0 0 0 0 0 0 ROMAN CATHOLIC BISHOP OF FALL RIVER 450 HIGHLAND AVENUE FALL RIVER MA 02720 PROFESSIONAL SERVICES 1243617 CATHEDRAL LETTER CONCEPTS PO BOX 436 KENSINGTON CT 06037 PRINTING 260860 2 308990 4044584 834525 4353574 PROFESSIONAL SERVICES 541900 991547 991547 991547 106071 106071 730545 671104 59441 59441 59441 76500 308990 50903 25597 25597 OTHER INCOME 900099 218478 218478 218478 5754708 991547 0 409587 X 3743683 3743683 17000 17000 7518 7518 1439168 1041422 307311 90435 990 990 62621 58282 4339 5622 5622 928 928 MISCELLANEOUS 58269 30846 27423 MEALS & ENTERTAINMENT 2701 2701 5338500 4875223 372842 90435 1117278 2090033 9296 5345 4879 3951 2377352 2590575 232974 38549 3732483 4723108 55861 30730 1279 469963 57140 500693 X 1490704 1612441 2184639 2609974 3675343 4222415 3732483 4723108 416208 130864 0 X X 0 1 X 1 0 X 1687481 2080788 1887976 2595913 4353574 12605732 1687481 2080788 1887976 2595913 4353574 12605732 3396576 9209156 21420 40194 50870 80422 106071 298977 107037 16030 110669 117179 218478 569393 13474102 3863768 0.68350 0.59100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 107,037. 2021 AMOUNT: $ 16,030. 2022 AMOUNT: $ 110,669. 2023 AMOUNT: $ 117,179. 2024 AMOUNT: $ 218,478. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 749387 77153 26901 799639 651115 113772 15500 749387 580238 475 74402 4000 651115 715765 60000 -96450 99077 580238 542082 50045 148463 24825 715765 0.00000 1.00000 0.00000 0 0 9296 5345 3951 3951 DUE TO RELATED PARTIES 469963 469963 X 5928957 130864 50903 181767 5747190 7518 7518 5754708 5381885 50903 50903 5330982 7518 7518 5338500 PART V, LINE 4: THE ENDOWMENT FUNDS ARE TO BE USED TO SUPPORT GOOD SHEPHERD PARISH, ST. VINCENT DE PAUL SOCIETY OF OUR LADY OF MOUNT CARMEL PARISH, ST. MARY'S, OUR LADY OF THE ISLE PARISH FOR PHYSICAL PLANT IMPROVEMENTS, AND SEMINARIAN EDUCATION. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM ANY UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE TAX POSITION. ANY TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE RESOLUTION. MANAGEMENT HAS ANALYZED THE ORGANIZATION'S TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN YEARS (FOR YEARS ENDED JUNE 30, 2022 THROUGH JUNE 30,2024) OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS FOR THE YEAR ENDED JUNE 30, 2025. THE ORGANIZATION IDENTIFIES ITS MAJOR TAX JURISDICTIONS AS U.S. FEDERAL AND THE COMMONWEALTH OF MASSACHUSETTS; HOWEVER, THE ORGANIZATION IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS. THE ORGANIZATION ALSO FOLLOWS THE POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS (IF ANY) IN INCOME TAX EXPENSE. NO SUCH INTEREST AND PENALTIES HAVE BEEN RECORDED AS OF JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDAISING EXP APPLIED TO GROSS RECEIPTS PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXP APPLIED TO GROSS RECEIPTS ST. MARY'S CATHEDRAL GALA DINNER 385490 308990 76500 28850 6695 15358 0 385490 308990 76500 28850 6695 15358 50903 25597 1 FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC 450 HIGHLAND AVENUE FALL RIVER MA 02722 042104895 501(C)(3) 206491 0 BOOK GENERAL OPERATIONS ROMAN CATHOLIC BISHOP OF FALL RIVER 450 HIGHLAND AVENUE FALL RIVER MA 02722 043000709 501(C)(3) 3466036 0 BOOK CAPITAL IMPROVEMENTS AND GENERAL OPERATIONS CATHOLIC CHARITIES OF THE DIOCESE OF FALL RIVER MA INC 1600 BAY STREET FALL RIVER MA 02724 042106394 501(C)(3) 71156 0 BOOK GENERAL OPERATIONS 3 0 PART I, LINE 2: ALL GRANTS ARE REVIEWED BY MANAGEMENT AND MANAGEMENT REQUESTS INFORMATION FROM THE GRANTEES THAT THE FUNDS WERE USED FOR THE APPROPRIATE PURPOSES. RICHARD LAFRANCE BOARD MEMBER OF ORGANIZATION 28850 THE ORGANIZATION'S FUNDRAISING EVENT WAS HELD AT THE ESTABLISHMENT OWNED BY RICHARD LAFRANCE. 0 NICHOLAS CHRIST BOARD MEMBER OF ORGANIZATION 4688126 THE ORGANIZATION HELD FUNDS IN THREE ACCOUNTS WITH A BANK FOR WHICH NICHOLAS CHRIST IS THE PRESIDENT OF THE BANK ($2,090,033). IN ADDITION, THE ORGANIZATION ALSO OWNS FIVE INVESTMENT PORTFOLIOS WITH AN INVESTMENT MANAGEMENT COMPANY THAT IS 80% OWNED BY THE SAME BANK ($2,590,575). THE ORGANIZATION PAID INVESTMENT MANAGEMENT FEES OF $7,518. TO THIS COMPANY DURING THE YEAR ENDED JUNE 30, 2025. 0 X 42 834525 SALE PROCEEDS 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISSEMINATED TO THE BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DOES NOT HAVE A FORMAL POLICY TO MONITOR AND ENFORCE COMPLIANCE BUT IS IN THE PROCESS OF DEVELOPING ONE. FORM 990, PART VI, SECTION C, LINE 18 THE RETURNS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST, THROUGH THE GUIDESTAR WEBSITE AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART IX, LINE 11G RELATED PARTY SERVICES: PROGRAM SERVICE EXPENSES 633,045. MANAGEMENT AND GENERAL EXPENSES 180,870. FUNDRAISING EXPENSES 90,435. TOTAL EXPENSES 904,350. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 408,377. MANAGEMENT AND GENERAL EXPENSES 126,441. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 534,818. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. ROMAN CATHOLIC BISHOP OF FALL RIVER 450 HIGHLAND AVENUE FALL RIVER MA 02722 043000709 RELIGIOUS ORGANIZATION MA 501(C)(3) 1 N/A 0 FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC 450 HIGHLAND AVENUE FALL RIVER MA 02722 042104895 PROVIDE SCHOLARSHIPS MA 501(C)(3) 10 N/A 0 CATHOLIC CHARITIES OF THE DIOCESE OF FALL RIVER MA INC 1600 BAY STREET FALL RIVER MA 02720 042106394 SOCIAL SERVICES MA 501(C)(3) 7 N/A 0 COMMUNITY ACTION FOR BETTER HOUSING 72 EIGHTH STREET NEW BEDFORD MA 02740 043330633 HOUSING MA 501(C)(3) 10 N/A 0 SAINT VINCENT'S SERVICES INC 2425 HIGHLAND AVENUE FALL RIVER MA 02720 042106681 BEHAVIORAL HEALTH SERVICES FOR CHILDREN MA 501(C)(3) 7 N/A 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 ROMAN CATHOLIC BISHOP OF FALL RIVER B 3466036 GRANT GIVEN FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC B 206491 GRANT GIVEN ROMAN CATHOLIC BISHOP OF FALL RIVER E 419118 AMOUNT OWED FOR VARIOUS ITEMS ROMAN CATHOLIC BISHOP OF FALL RIVER M 979350 SERVICES PROVIDED ROMAN CATHOLIC BISHOP OF FALL RIVER L 968825 SERVICES PROVIDED FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC L 175000 SERVICES PROVIDED CATHOLIC CHARITIES OF THE DIOCESE OF FALL RIVER MA INC B 71156 GRANT GIVEN CATHOLIC CHARITIES OF THE DIOCESE OF FALL RIVER MA INC E 50000 AMOUNT OWED FOR GRANT GIVEN ROMAN CATHOLIC BISHOP OF FALL RIVER D 83958 AMOUNT OWED FOR SERVICES PROVIDED COMMUNITY ACTION FOR BETTER HOUSING L 50000 SERVICES PROVIDED SAINT VINCENT'S SERVICES INC R 1279 PAID BACK AMT OWED FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC E 50000 AMOUNT OWED FOR GRANT GIVEN SAINT VINCENT'S SERVICES INC E 845 AMOUNT OWED