providing help creating hope - Catholic Charities Annual Report

Catholic Charities Fiscal ReportCondensed Financial Statement 1The Catholic Charities of the Archdiocese of New York provides certain direct community services in addition to coordinatingand supporting a federation of affiliated agencies. This Condensed Financial Statement reflects the activity related to thesedirect community services and the coordination and support of the federation of agencies.Pledge of Good Stewardshipand AccountabilityCatholic Charities of the Archdioceseof New York is committed to thehighest standards of good stewardshipand accountability. The CatholicCharities of the Archdiocese ofNew York is separately incorporatedaccording to the not-for-profit laws ofNew York State with its own activeBoard of Trustees.An independent public accountingfirm overseen by the Audit Committeeof the Board of Trustees conducts anannual audit of Catholic Charitiesfinances. Funds received by CatholicCharities are carefully monitored toensure their use complies with donorintent. Funds are maintained in separateaccounts and do not co-mingle withthose of the Archdiocese of New York.Catholic Charities’ policies andprocedures have been reviewed andmeet the standards of the charitableaccountability of the Better BusinessBureau’s Philanthropic AdvisoryService. Catholic Charities complieswith all Federal, State, and Local lawsregarding discrimination.Fiscal Year ending august ,2012 2011Revenues ($000) ($000)Cardinal's Appeal 1,750 1,500Bequests 3,103 2,483Appeals, Contributions and Events, Net 10,323 8,803Cardinal's Committee for Charity, Net 699 510Grants from Foundations and Corporations 2,522 3,234New York Catholic Foundation, Inc 281 207Government Sources 22,493 20,575Program Revenues and Income 4,864 5,283Other Supporting Services 2,062 2,134Investment Dividends and Income 677 563Realized/Unrealized Investment Gain (Loss) 2,429 2,336,07,6ExpensesCommunity Outreach Services 11,025 11,879Behavioral Health (Beacon of Hope) 12,300 11,618Migration Services 4,968 4,795Youth/Catholic Youth Organization (CYO) 3,501 3,184Disaster Assistance 1,507 121Services for the Disabled 1,812 1,484Social and Community Development 526 602Agency Relations 4,383 3,223Fundraising 3,072 2,954Administration 6,578 5,830,67,60Operating Results 3 1,531 1,938Gain on involuntary conversion 2,591Multi-year grant from RCFC (1,295) (1,291)Increase in Net Assets 647 11,593Net Assets, end of year $51,381 $50,7341Reflects the combined audited financial statement of The Catholic Charities of the Archdiocese ofNew York and Affiliates, as follows: The Catholic Charities of the Archdiocese of New York, includingits World Trade Center Support Fund; Catholic Charities Community Services, Archdiocese of NewYork; Housing Fund of the Archdiocese of New York, Inc.; and Housing Development Institute, Inc.Expenses are overwhelmingly program-related (80.7%) with 13.1% spent on Administration and6.2% on Fundraising.2In 2010, The Roman Catholic Fund for Children and Other Purposes (RCFC) awarded a $12 millionmulti-year grant to Catholic Charities payable in equal installments of $1.5 million in each of theyears 2011 through 2018. The $1.5 million is included in revenues and the utilization is reflectedbelow Operating Results.3Included in Operating Results are the unrealized investment.www.catholiccharitiesNY.org