Financial and Board Information
Franciscan Outreach is an independent corporation that is controlled by a board of directors with 21 members. We conduct an independent audit of our financial statements every year. We file IRS Form 990 every year. We attach our audited financial statements prepared by an independent accountant to our 990 form when we file it.
For our audited Financial Statements for 2011, click here. We are always happy to send you our financials if you would like a copy.
Another easy way to view our financial information is through our listing on Guidestar at http://www2.guidestar.org/organizations/36-2928835/franciscan-outreach-association.aspx There you will find our Audited Financial Statements and Form 990 IRS filings dating back to 1998.
A summary of our 2010 audited financials is as follows:
Revenues, Gains and Reclassifications:
Donations from Franciscan Sources 66,558
Wills & Bequests 418,992
Grants Corporate 32,000
Grants Foundation 218,220
Grants Religious 98,268
Grants Government 232,258
Special Event Revenue 70,377
Donated Services, good, and land 53,133
Investment Income 1,315
Recovery of Bond under default 6,812
Total Revenues and Gains $1,799,309
Franciscan House $672,042
Marquard Center 243,120
Case Management program 329,716
Total Program Expenses $1,244,878
Administration Expenses 138,944
Fund Raising Expenses 210,778
Total Expenses $1,595,600
Loss on Vehicle, investments 2,806
Total Expenses and Losses $1,597,406
Increase in Net Assets 201,903
Net Assets - Beginning of Year $837,926
Net Assets - End of Year $1,039,829
Note that we are blessed with the services of up to 12 Full-Time Volunteers at a time. These are persons from around the US and the world who come to live with us for year or so and work in our programs in direct ministry to the homeless. In 2011, we received 2,371 service hours from an internal accountant and a shelter staff person who were members of the Holy Spirit Missionary Sisters. Using a valuation of $21.79 per hour, which is a valuation announced by Independent Sector for 2011, it is estimated that $49,486 in additional program expenses and $2,179 in additional administrative program expenses would have been incurred if not for these services being donated by these volunteers.
We also received 23,400 service hours from full-time volunteers. Using the valuation of $21.79 per hour, it is estimated that $481,915 in additional program expenses would have been incurred if not for the services of these full time volunteers.
We are governed by a 21 person Board of Directors. Their names and offices they hold are as follows:
Philip Doran, Board Chair
Catherine Shriver, First Vice President
John Potter Second Vice President
Robert Kuchler, Treasurer
Margaret Scanlan Brown, Secretary
Fr. Vaughn Fayle, OFM
Fr. Ed Shea, OFM
Your support helps us pay for this valuable program that helps change lives. To donate now, click here.