Showing posts with label financial disclosure. Show all posts
Showing posts with label financial disclosure. Show all posts

Thursday, January 22, 2015

Cardinal cuts ties with Priests for Life, says reforms in group needed | Catholic Globe

 

NEW YORK (CNS) — New York Cardinal Timothy M. Dolan said he wants “nothing further to do” with Priests for Life, which has its headquarters on Staten Island, which is in the New York Archdiocese.

Cardinal Dolan said he had been asked by the Vatican Congregation for the Clergy to assist its national director, Father Frank A. Pavone, with “several necessary reforms,” but he said the priest has not cooperated.

The changes have mostly to do with an audit and the need to establish an independent board “to provide oversight and accountability,” according to Religion News Service and Catholic World News.

Cardinal Dolan made the comments in a letter to his fellow U.S. bishops dated Nov. 20. The letter was not made public. But Catholic World News obtained a copy and reported on it in a story posted on CatholicCulture.org.

“Although Father Pavone initially assured me of his support, he did not cooperate,” Cardinal Dolan wrote.

In a statement sent to Catholic News Service Dec. 16, Priests for Life said it is “working with the Vatican to fully implement all the church’s expectations. The Vatican has been consistently supportive and favorable toward Priests for Life, which is an international private association of the faithful.” It also said the issue was “about control,” not financial accountability.

Priests for Life was founded in California in 1991 “to train, motivate and encourage priests to effectively advance the Gospel of life.”

 Renee Webb

Cardinal cuts ties with Priests for Life, says reforms in group needed | Catholic Globe

 

image

Priests For Life (PFL) is a Roman Catholic pro-life organization based in Staten Island, New York. It functions as a network to promote and coordinate pro-life activism with the primary strategic goal of ending abortion and euthanasia and to spread the Gospel of Life according to the encyclical of the same name written by Pope John Paul II.

Contents

 

History[edit]

Priests for Life came about in 1990 through the work Father Lee Kaylor,[1] a Roman Catholic priest serving in the Archdiocese of San Francisco; Fr Kaylor found out about a new piece of legislation being proposed in Sacramento, California which he felt went against the pro-life cause - his response was to write to all the other Roman Catholic priests in California, along with his two friends Fr. Frank Felice and Fr. Voight Emmerick, trying to galvanize further opposition to the legislation.[2] Sending the letter turned out to be an auspicious move, as Fr. Kaylor received in response a large number of positive letters and financial contributions to his cause.[2] Encouraged by this, he decided to establish a group which would serve to co-ordinate pro-life action by the clergy both nationally and more effectively[1] - this too met with highly positive feedback, so much so that Fr. Kaylor went to Archbishop John R. Quinn to seek canonical approval for the group.[2] Priests for Life was subsequently approved and granted official approbation as a Private Association of the Faithful on 30 April 1994 and listed in the Official Catholic Directory.[1][2]

In 2003, it was granted non-governmental organization status by the United Nations.

Status[edit]

While primary membership is for Catholic bishops, priests and deacons, there is also a lay auxiliary membership, as it has the canonical status of a Private Association of the Christian Faithful.[3] It has about 60 full-time paid employees. Its national director is Father Frank Pavone. Priests for Life exists primarily in order to show the clergy how to fight the culture of death.[4]

On August 1, 2012, there was a Special Order on the floor of the United States Congress headed by Representative Michele Bachmann, noting the 20th anniversary of Priests for Life and the importance of Priests for Life in the world today. There were six members of Congress who spent 35 minutes (collectively) speaking about the work of Priests for Life. These six Representatives of Congress included Rep. Chris Smith, Rep. Jeff Fortenberry, Rep. Jean Schmidt, Rep. Louie Gohmert, and Rep. Tim Walberg. C-SPAN broadcast the Special Order live. [5][6][7][8][9][10][11]

HHS Mandate Lawsuit[edit]

On February 15, 2012, Priests for Life became the fourth group in the nation to file a lawsuit against the HHS mandate and the Obama Administration because the organization (Priests For Life) feels that the HHS ruling is unconstitutional on many levels.[12][13][14] The lawsuit was filed in the U.S. District Court for the Eastern District of New York.[15]

Timeline of Events:

  • April 12, 2013 The court dismissed the lawsuit without prejudice, allowing Priests for Life to file a new lawsuit once the revised regulations are finalized. The same was being done with most of the other religious non-profit cases.[16]
  • August 19, 2013 Priests for Life filed a federal lawsuit in the U.S. District Court for the District of Columbia, challenging the HHS mandate as applied to nonprofit religious organizations.[17][18][19]
  • September 19, 2013 Priests for Life filed a motion for a preliminary injunction, seeking to halt the enforcement of the HHS mandate while the case proceeds through litigation. The district court consolidated Priests for Life’s motion for a preliminary injunction with a ruling on the merits, directing Priests for Life to also file a motion for summary judgment.[19]
  • October 1, 2013 Priests for Life filed its motion for summary judgment, requesting that the court permanently halt the enforcement of the HHS mandate.[20]
  • October 17, 2013 The government opposed Priests for Life’s motion and filed its own motion to dismiss.
  • December 9, 2013 The district court heard oral argument on the parties’ motions.[21]
  • December 19, 2013 The district court issued its decision denying Priests for Life’s motion and granting the government’s motion to dismiss.[22]
  • December 19, 2013 Priests for Life filed its notice of appeal with U.S. Court of Appeals for the District of Columbia Circuit (“D.C. Circuit”).
  • December 20, 2013 Priests for Life filed an emergency motion for an injunction, seeking to halt the enforcement of the HHS mandate while the case proceeds through the appeal process.[23]
  • December 31, 2013 The D.C. Circuit granted Priests for Life’s emergency motion, halting the enforcement of the HHS mandate pending resolution of the appeal. The D.C. Circuit also expedited the appeal.[23]
  • February 28, 2014 Priests for Life filed its opening brief in the D.C. Circuit.[24]
  • April 11, 2014 Priests for Life filed its reply brief in the D.C. Circuit, thereby completing the briefing.[24]
  • May 8, 2014 Oral argument scheduled before a three-judge panel of the D.C. Circuit.[25][26][27]

Graphic images[edit]

The Priests for Life organization provides an extensive collection of photos of live babies as well as aborted babies, via the internet.[28] Its photos have also appeared in print.[29] According to Pavone: "There is no single thing that I have seen more powerful to change people on abortion than simply showing them the pictures....When people see what abortion does to a baby, they are stung to the heart and their consciences are awakened."[30]

Wednesday, December 17, 2014

St. James Financials for FY 2014

In the past financial reporting for the parish was supplied in late September or October, this year this report was an insert to the December 14 weekend bulletin.

 

2014 financials 1 of 2

Prior years FY 2010 and FY 2012.

[parish%2520financials%25207-30-2012-2%255B3%255D.png]

2014 financials 2 of 2

Prior Year balance sheets.

[FY%25202013%2520Financals%25202%2520of%25203%255B4%255D.png]

[FY%25202013%2520Financals%25203%2520of%25203%255B4%255D.png]

image

Tuesday, December 9, 2014

Amid investigation, accounts of former Vatican Bank directors frozen

 

More than $19.6 million in the accounts of two former managers of the Institute for Religious Works, commonly known as the Vatican Bank or IOR, have been frozen by a Vatican prosecutor in the course of an investigation, it was announced Sunday.

At a Dec. 6 press conference, Holy See press officer Fr. Federico Lombardi confirmed that Gian Piero Milano, promoter of justice for Vatican City State, was investigating two former IOR directors regarding suspected embezzlement between 2001 and 2008.

The investigation is based on suspicions aroused during a 2013 internal review, part of ongoing financial reform at the Vatican aimed at transparency and tackling money laundering.

Fr. Lombardi added that the accounts of those under investigation were frozen “as a precautionary measure.”

Writing for Reuters on Saturday, Philip Pullella said Milano suspected Angelo Caloia, a former president of the IOR; Lelio Scaletti, its former director general; and Gabriele Liuzzo, a lawyer, of embezzlement of funds relating to the sale of 29 buildings which had been sold by the institution.

The IOR announced that it was pressing charges against the three in keeping with its “commitment to transparency and zero tolerance.”

According to Pullella, “in the freezing order, Milano said Caloia

Read more by clicking on the following:  Amid investigation, accounts of former Vatican Bank directors frozen

Pell takes on the Italians | National Catholic Reporter

 

He made it clear that Pope Francis was mandated by "an almost unanimous consensus among the cardinals" to carry out financial reform. He said they were "well under way and already past the point where it would be possible to return to the 'bad old days,' " even though much remained to be done. He added that the basic program for reform was drawn up by an "international body of lay experts" that the pope appointed and was based on the following three principles: first, the adoption of "contemporary international financial standards" and "accounting procedures"; second, transparency in producing annual financial balance sheets; and third, "something akin to a separation of powers" with "multiple sources of authority."

Yet Pell made it clear that his secretariat, above all others, possessed "authority over all economic and administrative activities" in the Vatican, even though its policies would be "determined by the Council for the Economy." That body is headed by Cardinal Reinhard Marx of Munich and includes eight other cardinals and seven laymen. "Having decision-making lay members at this level is an innovation in the Vatican," Pell wrote.

Click on the following for more details:  Pell takes on the Italians | National Catholic Reporter

Sunday, July 13, 2014

Cardinal George Pell takes control of the Vatican's finances and outlines sweeping reforms

Nick Miller
Europe Correspondent

 

In an exclusive interview with respected Vatican reporter John L Allen Jr, Cardinal Pell said his mission was “to be boringly successful, to get off the gossip pages”.

On Wednesday, Cardinal Pell held a press conference to announce his economic plan for the Holy See, building on a reform framework approved by the Pope earlier this year.

In February, Cardinal Pell was appointed prefect of the Secretariat for the Economy.

He revealed on Wednesday he had brought in Danny Casey, his former business manager of the archdiocese of Sydney, to head a new office to oversee some of the reform projects.

One of the biggest challenges is the restructure of the scandal-ridden Vatican Bank, which has previously acted as a conduit for money laundering.

Cardinal Pell’s plan gives the bank a new, smaller role in the church’s finances, sets up a new office to administer billions of dollars’ worth of investments, and reviews of the Vatican’s pension fund.

Cardinal Pell has also put the Vatican’s ponderous communications department under review, with a plan to expand on digital channels such as the ‘Pope App’ and the Pope’s Twitter account in order to reach more young people.

“Basically, the ambition is to be boringly successful, to get off the gossip pages,” Cardinal Pell said in the interview with the Boston Globe.

Read more: http://www.smh.com.au/world/cardinal-george-pell-takes-control-of-the-vatican8217s-finances-and-outlines-sweeping-reforms-20140710-zt1zc.html#ixzz37OBuwJv2

Thursday, October 31, 2013

Vatican's asset manager submits to outside audit | National Catholic Reporter

 

move by the Administration of the Patrimony of the Holy See (APSA), an office of the Vatican's central bureaucracy, may represent the first such outside audit of the Vatican's coffers.

The office is charged with overseeing the Vatican's property, providing cash flow to its bureaucracy, and managing the city-state's overall financial portfolio.

Announcement of the financial review came in a statement Tuesday from the office's president, Cardinal Domenico Calcagno. The statement said the review, headed by the global consulting firm Promontory Financial Group, will "allow for greater depth and detail in the verification of the financial condition and management" of the office.

Read the entire article:  Vatican's asset manager submits to outside audit | National Catholic Reporter

Thursday, January 3, 2013

Vatican Is 'Cash Only' As Bank Of Italy Blocks Electronic Payments Over Money Laundering Concerns

 

Deutsche Bank Italia, which for some 15 years had provided the Vatican with electronic payment services, said Thursday that the Bank of Italy had pulled its authorization after Dec. 31….

Italian central bank took the action because the Holy See has not yet fully complied with European Union safeguards against money laundering. That means Italian banks are not authorized to operate within the Vatican, which is in the process of improving its mechanisms to combat laundering.

Click on the following for more details:  Vatican Is 'Cash Only' As Bank Of Italy Blocks Electronic Payments Over Money Laundering Concerns

Sunday, September 30, 2012

Archdiocese of Phila. in serious financial shape - and so are its parishes

 

The archdiocese, the central organizing force for 1.46 million Catholics in Southeastern Pennsylvania, depends on money from member parishes to pay for churchwide activities and to shift money to weaker parishes.

But that formula is broken: Too many parishes have seen attendance fall and offerings shrivel, rendering them unable to support themselves

"More than two-thirds of the parishes have operating deficits,"

Read more: http://www.philly.com/philly/business/20120930_Archdiocese_of_Phila__in_serious_financial_shape_-_and_so_are_its_parishes.html#ixzz280rsEV8k
Watch sports videos you won't find anywhere else

Friday, September 14, 2012

St. James Financial Reports for FY 2012

 

Below are the most recent financials in the St/ James bulletin on September 15, 2012.

OPERATING ACTIVITY

There is a small operating loss of $36,l11 for FY 2012 compared to net income of $133,535 for FY 2011. 

Operating revenue is down $80,737 (-4'.9%) despite large increases in tuition and fees which increased $75,879 (+16.4%). Every item other than tuition and fees are considerably down.  Total collections down $64,792 (-7.6%); Donations down $50,952 (-56.9%) and Other Income down $40,872 (-17.8%).

Operating expenses increased $88,909 (+5.6%).  General expenses experienced the largest increase up $68,070 (+34.6%). Salaries and Benefits increase $48,495 (+5.0%). Other Expenses increase $14,056 (+13.3%). Building and Grounds (B&G) had a sizeable decrease in costs, $32,329 (-18.8%); these costs may be returning to the level experiences in FY 2010 when B&G  equaled $145,944, very similar to FY2012’s $139,780.  There no longer is any interest payment.

NON-OPERATING ACTIVITY

Combining FY2011 and FY2012 numbers for the New Building numbers the following facts are obtained.  As of June 30, 2012 a total of $1,224,363 ($633,306 plus $591,057) of pledges were collected. $528,905 ($165,737 plus 363,168) was expended for the new building.  Of the remaining $695,458, $497,385 is in DIAL deposits (See Statement of Assets and Liabilities 2012) and $198,073 was expended or held elsewhere.

An Attempt to reconcile Debt Retirement, New Building Collection and Dial Building Deposits—Work in Progress

By attempting to review loan repayments during the past five years some of the $198,073 may be reconciled.

See 6-30-2008 Statement of Assets and Liabilities (State A&L),total diocesan loans equaled $480,230.  Per Financial Report FY 2009, $234,722 was collected and $228,680 ( Parish Center Debt) was repaid. Leaving a balance of $6,042 not specifically accounted for as separate item on State A&L.

See State A&L 6-30-2010, an account for Dial Deposits-Building appears with $10,142. Apparently this is not recorded as non=operating activity but in one of operating income accounts , see Financial Report FY 2010.

See Financial Report FY2010 $89,058 was paid in principle payment.  See A&L 6-30-2010 a debt of $31,678 was incurred.

Debt Retirements Collections

Debt Paymen

Subtotals

 Purple appears to be combined source

Debt Retirement Collection                  Total Diocesan Loans      Dial Deposits—                                                                                                         Builidng  

$234,722             FY2009                   $480,230

-228,680              FY2009                   -228,680

6,042                                                  $ 251,550

111,133                FY  2010                    -89,058                                         $10,142

$117,175                                             $162,492

-89,058                                                 +31,678

28, 117                                                  194,170

36,988                                                -194,688                              COL     +633,306

-36,988                                                       0                                             643,448

                                                                                                                 -157,700

0                                                                                                     NB        -165,737

                                                                                                                320,011

                                                                                                        S/B     387,862

                                                                                                        NB     -363,168

                                                                                               COL + 591,057                                                                                                                      615,751                                               

615,751

   

 

                                                                                      

 

Click on the photocopy to enlarge

parish financials 7-30-2012-2

 

INCOME STATEMENTS 2009-8-7

 

parish financials 7-30-2012-1

6-30-2011 financials 2

balance sheet 6-30-2010

balance sheet 6-30-2009

 

balance sheet 6-30-2008

Thursday, June 28, 2012

Will this year’s total collections equal last year’s $850,647 in total collections?

 

Click on the photocopy to enlarge: 

6-30-2011 financials 1

The following information is a summary from the weekly bulletins during the 2011-2012 fiscal year.  The grand total is $745,150.

Date of Collection       Amount

   
7/3/2011 14605
  12914
  11891
  11319.26
  15421.98
8/6/2011 12901.87
  14168.04
  11553.1
  11806
9/4/2011 14279.75
  12694
  11578.19
  12867.79
10/2/2011 14804.28
  13620.16
  11955
  11658.41
  12749
11/6/2011 19708.31
  12788.35
  13960
  12720.53
12/4/2011 15947.18
  12841.98
  14791.52
  8824.2
   
   
   
26 weeks 344368.9
   
1/2/2012 12390
  13390
  12075
  11129
1/29/2012 13814
5-Feb 13315
12-Feb 11902
19-Feb 12722
26-Feb 14183
4-Mar 16119
11-Mar 13121
18-Mar 13603
25-Mar 14822
1-Apr 18634
8-Apr 26142
15-Apr 12984
22-Apr 12708
29-Apr 13232
6-May 17164
13-May 12200
20-May 12670
27-May 13095
4-Jun 15800
10-Jun 12098
17-Jun 12179
24-Jun 11264
   
26 weeks 362755
   
52weeks  707123.9

 

All Saints 1834.16
All Souls 1026.2
Thanksgiv 1655.85
Christmas 24494.03
Imac Con 2556.16
Ash Wedn 3215.56
Good Friday  3244
   
Holidays Totals 38025.96

 

Grand Total

745150  

Friday, June 22, 2012

Church cuts jobs amid Philadelphia child sex abuse trial - chicagotribune.com

Dave Warner--Reuters

PHILADELPHIA (Reuters) - The beleaguered Catholic Archdiocese of Philadelphia, beset by criminal and civil lawsuits related to a child sex abuse scandal, said on Thursday it is bleeding money and will lay off 45 people and close its 117-year-old newspaper.
Archbishop Charles Chaput said the 1.5 million member archdiocese faces a $17 million shortfall in the next fiscal year, which Chaput said does not take into account another $10 million in legal and investigatory expenses over the past several months.

"The extraordinary legal and professional costs of the past 16 months, while burdensome, played little role in the current budget decisions," Chaput said in a statement.

Click on the following for all of the story:  Church cuts jobs amid Philadelphia child sex abuse trial - chicagotribune.com

Wednesday, March 21, 2012

Vatican launches criminal probe into leaks

The scandal — and the rare threat to punish the perpetrators within the Vatican's own legal system of criminal and administrative sanctions — has come at an exceedingly delicate time for the Vatican, which is seeking to win European approval for its efforts to ensure its finances are transparent and that its laws to fight money laundering and terror financing meet international norms.
Leaks of memos alleging corruption in the awarding of Vatican contracts, mismanagement in the Vatican's finances, infighting and disputes over the Vatican's new anti-money laundering efforts haven't helped the bid.
Click on the following to read the story:  http://news.yahoo.com/vatican-launches-criminal-probe-leaks-180247337.html

Documents leaked to the Italian press over the last few weeks have shed light on dark power struggles between senior cardinals, alleged corruption and nepotism in the running of the Vatican administration, and a mysterious prediction that the 84-year-old pontiff would die within a year, possibly as a result of an assassination attempt.
Msgr Becciu described whistle-blowers as "cowardly" and "deeply disloyal" and warned that they would face the full force of the law from Vatican prosecutors. They had abused the trust placed in them by leaking the documents, he said.
The investigation will be conducted by a tribunal and will probe all departments in the Vatican administration.
Read more of The Telegraph's story by clicking on the following:  http://www.telegraph.co.uk/news/worldnews/europe/vaticancityandholysee/9151418/Pope-sets-up-criminal-investigation-into-Vatican-leaks.html

The Vatican has opened a rare criminal investigation into unauthorised leaks to the Italian media of confidential documents, its official paper reports.
Read more from the BBC News:  http://www.bbc.co.uk/news/world-europe-17410490

Vatican Bank Account Closed At JP Morgan, Image May Be Hurt

VATICAN CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.

The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.
Read the entire Reuters story by clicking on the following:  http://www.huffingtonpost.com/2012/03/19/vatican-bank-image-hurt-closed_n_1363432.html

Tuesday, February 21, 2012

Other Philadelphia Diocese Issues—$900,000 stolen

PUTTING OUR HOUSE IN ORDER:
ON STEWARDSHIP, ACCOUNTABILITY AND THE WORK THAT LIES AHEAD

Weekly Column by Archbishop Charles Chaput, O.F.M. Cap.
February 3, 2012

When I wrote to the people of the Archdiocese on December 8 last year, I said that we’d
face a great many legal and financial issues in 2012. Last Sunday, January 29, one of
those challenges made Philadelphia Inquirer headlines. A senior member of the
archdiocesan staff stole more than $900,000 of our people’s resources before being
discovered and fired last summer. Our normal outside auditing firm -- independent and
nationally respected -- had previously found no evidence of criminal activity.
The story is not new. In fact, news media first reported this story last July. But neither
the Church nor the District Attorney’s office knew the scope of the loss until last fall.
We’ve been silent on this matter until now for obvious reasons: to allow law enforcement
to do its work. Circumstances have now changed.
People are angry about this loss, and they’re right. So am I. There’s no excuse for it.
Non-profit organizations – like foundations, Churches, museums and many hospitals –
tend to draw mission-driven people as staff. Most of their employees are honest. A few
are not. And in a work environment based on shared beliefs and service, a dishonest
person can do massive damage. Precisely because religious organizations run on the
good will of the people they serve and the dedication of their staffs, they can easily
become too trusting in their internal safeguards. But that only makes the need for tight
financial controls and accounting procedures more urgent.
It’s important to keep a few facts in mind as this story plays out over the coming weeks:
First, the theft occurred from the general operating funds of the Archdiocese. Monies
donated to the Heritage of Faith, Vision of Hope capital campaign and the annual
Catholic Charities Appeal were not impacted in any way. The theft also had no effect on
the work of the Blue Ribbon Commission or the decision to close or regionalize any
school.
Second, based on an outside forensic financial review conducted by the firms of
ParenteBeard and BallardSpahr, the theft was confined to one senior staffer. No other
archdiocesan staff persons were involved.
Third, the Archdiocese has worked with the District Attorney’s office throughout this
investigation. And we will vigorously pursue restitution from the wrong-doer.
Fourth, as bitter as this loss is, insurance will cover much of it. This is little comfort and
absolves no one, but as an immediate concern, at least some of the damage will be made
whole. Moreover, since Catholic Social Services, Catholic Health Care Services and
similar ministries are separate entities from the Archdiocese, they suffered no loss from
the theft.
Fifth and finally, when I arrived in Philadelphia in September, I began a comprehensive
legal and financial review of archdiocesan operations conducted by experienced outside
professionals. That independent review is continuing. We’ve begun to apply its
recommendations in the way we steward the resources entrusted to the Church by our
people. The recruitment of a new chief financial officer is nearing completion. The
search for a new archdiocesan controller is also underway. New procedures are in place
in the areas where the embezzlement occurred. In the coming year, new and much more
rigorous internal controls will take effect, along with tighter budget discipline and a
demand for improved skills in everyone tasked with the management of archdiocesan
resources. To their credit, Bishop Timothy Senior, our moderator of the curia, and Marc
Fisher, the new director of our internal auditing efforts, have been a great help in this
difficult process.
The task ahead is large. But protections are already in effect to help prevent this kind of
damaging criminal activity in the future. Working with our Archdiocesan Priests’
Council, our Archdiocesan Finance Council and the Archdiocesan Pastoral Council now
in formation, I do promise that every aspect of our shared life as a Church will be subject
in the years ahead to the kind of clarity, greater accountability and careful stewardship
our people deserve.
###
The above is taken from:  http://archphila.org/archbishop-chaput/statements/weeklycolumn4.pdf

Sunday, February 12, 2012

8,000 instances of abuse alleged in Milwaukee Archdiocese bankruptcy hearing - JSOnline

By Annysa Johnson of the Journal Sentinel

Feb. 9, 2012

Sealed documents filed in the Archdiocese of Milwaukee bankruptcy identify at least 8,000 instances of child sexual abuse and 100 alleged offenders - 75 of them priests - who have not previously been named by the archdiocese, a victims' attorney said Thursday

Click on the following for more details8,000 instances of abuse alleged in Archdiocese bankruptcy hearing - JSOnline

Wednesday, February 8, 2012

St. James Contributions and Campaign Numbers for weekend of February 5-6, 2012

Weekly offerings:
image

Three additional pledges for $2,040 additional.  Still $689,841 from the $3,000,000 pledge requirement.

image

 

Thirty new pledges; $23,060 additional pledges for the week ending January 29, 2012. Still $691,880 from the $3,000,000 pledge requirement. For the four weekends since the “commitment” push there were 53 pledges totaling $47,461. As expected, pledges paid exceed the $1,000,000 mark.

image

Fourteen additional pledges; $12,003 additional pledged for week ending January22, 2012. Still $715,000 from the $3,000,000 needed. For the three weekends of the “Commitment” push there were 23 pledges totaling $24,401.

image

image

image

image

Below is the published campaign results from a July 2011 bulletin. The O’Malley Trust pledged $50,000 this fall. If that large pledge is subtracted from the January 23, 2012 pledge total ($2,308,119 minus $50,000 equals $2,258,119), there is approximately twenty thousand dollar increase since the July 2011 numbers.($2,235,599.44 as shown below)

From what I heard at the St. James’ Education Commission meeting in December, the $50,000 O’Malley Trust pledge is conditioned upon the campaign reaching the $1,000,000 and $3,000,000 goals.

Has the campaign really progressed since July 11, 2011?

image_thumb8

Tuesday, December 13, 2011

Openness and Transparency of Finances in Milwaukee Archdiocese

Below is a list of the last ten CPA audits all in their entirety are available to the public on the internet at:  http://www.archmil.org/Resources/ArchdioceseofMilwaukeeAuditedFinancialStatements.htm The diocese is in Chapter 11 Bankruptcy Protection however the 2010 audit were available prior to bankruptcy.

 

Click on the photocopy to enlarge:

image