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1 2024 Annual Financial Report July1, 2023 - June 30, 2024 “Go, therefore, and make disciples of all naons, bapzing them in the name of the Father, and of the Son, and of the Holy Spirit, teaching them to observe all that I have commanded you.” Mt 28:19-20
2 September 28-29, 2024 “It is more blessed to give than to receive.” Acts 20:35b Dear Friends, This weekend, I am happy to share with you our Fiscal Year 2023-24 Financial Report through our parish bullen. We ended the scal year (July 1st, 2024 – June 30th,2024) with a surplus. I encourage you to look at the nancial report, the message from Doug Morrissey, Chairperson of the Parish Finance Council, and Deacon Franco Fo, Operaons Director. We are blessed to have such a good and dedicated Parish Finance Council. Their witness, generosity, and counsel ll my heart with gratude. I consider your witness, generosity, and commitment to St. Cletus Parish as a blessing. As I oer you my gratude, I ask the Lord to ll your hearts with his love and peace. Fr. Elmer Romero Pastor
3 Dear Fellow St. Cletus Parishioners, The Finance Council is a consultave body whose purpose is to advise the pastor and assist him with his nancial responsibilies. The Council members are commied to understanding the state of the Parish’s nances so that we can work with Fr. Elmer Romero and the Parish sta to understand the needs of the Parish and help form long-range plans to ensure that the Parish can meet its responsibilies. Please take a look at the Balance Sheets, Statement of Revenue and Expenses, and Summary of the Parish Financial Report for the last scal year. We are pleased to note that both the Parish and the School had posive net operang incomes for the year. Just as importantly, we are pleased that the Parish has been able to do so while connuing and even expanding the important work of its ministries. Starng with our 2022 message, the Finance Council has regularly addressed the Parish’s debt to the Archdiocese stemming from the 2013 “To Teach Who Christ Is” fundraising campaign. In 2021 that debt stood at $675,000. In the past three years the Parish has made payments of nearly $160,000, including a $60,000 payment during the past year. Although the debt remains substanal, it does not accrue any interest or penales. The Finance Council connues to be cognizant of this obligaon, and is commied to assisng the Parish to fully sasfy it. 2023 saw the return of the Fall Fest, which was a great success. That success was repeated last month, thanks to the eorts of the Parish sta and the many, many volunteers. Parcular thanks go out to Sara and John Hodak, who have chaired the eort for more than two years. In addion to being a focal point for the Parish and the community, the Fall Fest raises important funds for the Parish and the school. The members of the Finance Council are grateful for the eorts of Deacon Franco Fo (Parish Operaons Director) and Jim Dion (Business Manager) for their eorts in compiling and preparing the nancial statements. We would also like to acknowledge their reless eorts to reduce Parish expenses while aending to necessary repairs and increased maintenance operaons across the Parish campus. As always, we ask for your connued support and prayers. Thank you, The St. Cletus Parish Finance Council Jonathan Andrews Doug Morrissey Tom Reisel Renee Callaghan Pay Morrissey Adriana Varela Jim Gorman Bob Persa John Vincent Please use this email nance@stcletusparish.com or call the Oce at 708-352-6209 with any quesons. Message from the Parish Finance Council
4 70870 - St. Cletus Profit and Loss report July 1, 2023 - June 30, 2024 Church, REP, Food Pantry School Combined Church and School FY 2024 Previous Yr FY 2023 year over year difference Income 3011 Sunday Collection 1,230,734.79 - 1,230,734.79 1,205,167.83 25,566.96 3015 Holy Day Collection 18,475.29 - 18,475.29 13,974.82 4,500.47 3020 Christmas Collection 180,986.26 - 180,986.26 167,243.02 13,743.24 3030 Easter Collection 84,483.00 - 84,483.00 85,048.54 (565.54) 3040 Other Collections 6,774.19 - 6,774.19 6,742.00 32.19 3101 Tuition - Current 73,395.50 1,423,235.44 1,496,630.94 1,583,302.61 (86,671.67) 3102 Tuition - Prior - 8,575.53 8,575.53 15,594.96 (7,019.43) 3103 Tuition - Before/Aftercare - 53,646.60 53,646.60 41,813.00 11,833.60 3110 Fees 1,515.00 150,638.10 152,153.10 169,247.59 (17,094.49) 3350 Lease and/or Rental Income - - - 36,000.00 (36,000.00) 3406 Grants From Other Third Parties - 10,000.00 10,000.00 - 10,000.00 3407 Other Scholarships - 18,999.00 18,999.00 10,000.00 8,999.00 3408 State Funding (IEmpower IL) - 134,085.99 134,085.99 148,305.75 (14,219.76) 3411 District 105 Title Funds - 6,032.08 6,032.08 745.51 5,286.57 3450 Fund Raising Net Income 31,730.21 192,964.02 224,694.23 185,740.56 38,953.67 3500 Interest & Investment Income 39,146.39 60,430.31 99,576.70 7,361.45 92,215.25 3602 Men's Club/Holy Name 1,437.46 - 1,437.46 5,785.07 (4,347.61) 3604 Family School Assc. Shop scrip - (1,086.56) (1,086.56) (8,207.08) 7,120.52 3604.20 Family School Assc.- Fundraisin - 1,784.55 1,784.55 21,161.17 (19,376.62) 3605 Athletic Association - (3,945.13) (3,945.13) 8,468.96 (12,414.09) 3607 Band Boosters - (792.00) (792.00) (944.22) 152.22 3608 Student Council - (341.10) (341.10) 186.97 (528.07) 3609 School Milk Fund - 1,098.31 1,098.31 1,629.60 (531.29) 3610 Father's Club School - - - - - 3612 Nocturnal Adoration 9,789.02 - 9,789.02 5,440.00 4,349.02 3613 CCW (1,537.86) - (1,537.86) 6,330.60 (7,868.46) 3701 Stole Fees 51,227.37 - 51,227.37 47,670.00 3,557.37 3702 Stipend for Masses 14,745.78 - 14,745.78 13,651.00 1,094.78 3703 Votive and Vigil Candles 32,016.91 - 32,016.91 25,156.23 6,860.68 3705 Scholarship Income - 125.00 125.00 3,000.00 (2,875.00) 3706 Donations 16,918.25 45,495.55 62,413.80 31,039.93 31,373.87 3706.02 School Security - - - 5,000.00 (5,000.00) 3706.03 School Playground - 16,245.00 16,245.00 - 16,245.00 3708 Canticle Rebate - - - 1,439.92 (1,439.92 3711 Social Concerns Activity (206.05) - (206.05) 206.05 (412.10) 3713 Social Concerns - Income 120,759.42 - 120,759.42 171,239.25 (50,479.83) 3713.01 Food Pantry - Grants 69,156.83 - 69,156.83 35,585.00 33,571.83 3713.02 Food Pantry - Giving Tree 9,414.65 - 9,414.65 - 9,414.65 3715 Miscellaneous Income 875.00 1,254.78 2,129.78 534.16 1,595.62 3716 Youth Ministry 5,937.50 - 5,937.50 6,971.97 (1,034.47) 3717 Liturgical Fees - - - 200.00 (200.00) 3731 Kairos Retreat - - - 1,000.00 (1,000.00) Total Income 1,997,774.91 2,118,445.47 4,116,220.38 4,058,832.22 57,388.16 Gross Profit 1,997,774.91 2,118,445.47 4,116,220.38 4,058,832.22 57,388.16 Expenses 4010 Salaries 781,907.95 1,285,463.19 2,067,371.14 1,981,452.42 85,918.72 4030 Health Insurance-Employer Paid 114,618.24 253,211.76 367,830.00 336,616.59 31,213.41 4040 Employer FICA 47,470.98 92,751.16 140,222.14 133,659.95 6,562.19 4050 Fringe Benefits 50,389.00 78,644.00 129,033.00 121,803.00 7,230.00 4060 Prof. Growth/Minist./Other 9,530.34 - 9,530.34 995.00 8,535.34 4061 Professional Growth - (422.70) (422.70) 7,021.05 (7,443.75)
5 70870 - St. Cletus Profit and Loss report July 1, 2023 - June 30, 2024 Church, REP, Food Pantry School Combined Church and School FY Previous Yr FY 2023 year over year difference 4062 Ministerial Expense Allowance 1,978.20 - 1,978.20 3,636.58 (1,658.38) 4063 Unemployment Compensation - (990.00) (990.00) - (990.00) 4100 Books & Supplies,Non-Liturgical 29,591.01 18,875.20 48,466.21 88,177.73 (39,711.52) 4151 Ofc Equipment-Supplies & Maint. 6,690.52 12,409.25 19,099.77 19,201.57 (101.80) 4152 Outside Printing Cost 10,692.46 1,740.79 12,433.25 11,884.64 548.61 4153 Postage/Courier Services 3,593.40 495.50 4,088.90 4,269.10 (180.20) 4154 Office Supplies 1,873.15 2,384.01 4,257.16 3,397.77 859.39 4155 Professional Service Fees 41,192.93 13,190.73 54,383.66 49,082.84 5,300.82 4156 Computer Supplies 92.98 152.74 245.72 - 245.72 4157 Criminal Background Checks 151.78 759.44 911.22 860.82 50.40 4158 Bank Fees 2.25 - 2.25 - 2.25 4161 Credit Card Fees 14,357.88 - 14,357.88 14,113.02 244.86 4200 Transportation 1,853.10 - 1,853.10 1,621.38 231.72 4250 Food Service & Meals 51,964.50 5,132.12 57,096.62 53,206.68 3,889.94 4400 Telephone 10,972.81 5,451.55 16,424.36 15,638.16 786.20 4410 Heating Fuel 20,111.50 24,448.37 44,559.87 63,376.09 (18,816.22) 4420 Electricity 29,105.46 23,125.82 52,231.28 48,443.44 3,787.84 4430 Other Utilities 13,779.98 30,871.33 44,651.31 41,418.61 3,232.70 4450 Maintenance & Building Repairs 46,507.12 41,476.38 87,983.50 95,053.05 (7,069.55) 4650 Altar & Liturgical Supplies 54,899.91 - 54,899.91 60,481.11 (5,581.20) 4700 Furnishings & Equipment 28,184.99 9,380.39 37,565.38 50,743.36 (13,177.98) 4750 Achdiocesan Assessment 157,896.00 - 157,896.00 150,684.00 7,212.00 4760 PRMAA Assessment 55,260.00 - 55,260.00 52,740.00 2,520.00 4770 OCS Assessment - 16,532.00 16,532.00 15,958.00 574.00 4780 Property/Casualty Insurance 53,999.40 80,999.16 134,998.56 130,611.60 4,386.96 4790 Auto Insur-Priest Owned Vehicle 3,284.00 - 3,284.00 2,986.00 298.00 4800.1 Miscellaneous Expenses 4,577.67 946.18 5,523.85 8,916.26 (3,392.41) 4801 Conferences & Conventions 350.00 75.00 425.00 250.00 175.00 4802 Meetings & Speakers 5,825.00 400.00 6,225.00 3,075.00 3,150.00 4803 Ministry Formation & Education 1,219.09 - 1,219.09 760.00 459.09 4804 Hospitality & Entertainment 16,269.93 1,754.47 18,024.40 14,170.88 3,853.52 4805 Public Relations & Advertising 3,288.34 3,775.57 7,063.91 7,547.82 (483.91) 4806 Gifts & Donations 28,760.09 273.38 29,033.47 6,593.19 22,440.28 4807 Dues/Subscriptions 1,679.92 1,293.00 2,972.92 1,934.90 1,038.02 4809 Special Program Expense 7,194.00 - 7,194.00 9,150.59 (1,956.59) 4811 Rental Expense - 148.99 148.99 - 148.99 4813 FSA Yearly Activity - - - 2,865.96 (2,865.96) 4815 Financial Assistance 18,144.67 - 18,144.67 6,851.95 11,292.72 4818 Field Trips - 7,787.00 7,787.00 8,936.90 (1,149.90) 4819 Social Concerns - Food Pantry 32,461.22 - 32,461.22 47,055.58 (14,594.36) 4820 Social Concerns - Outreach 1,404.95 - 1,404.95 17,289.61 (15,884.66) 4821 Social Concerns - Giving Tree 19,300.06 - 19,300.06 19,390.00 (89.94) 4830 Confirmation Retreat 750.00 - 750.00 - 750.00 Total Expenses 1,783,176.78 2,012,535.78 3,795,712.56 3,713,922.20 81,790.36 Net Operating Income 214,598.13 105,909.69 320,507.82 344,910.02 (24,402.20) Other Income 5010 Sharing Collections Oth Parish 25.00 - 25.00 - 25.00 5030 Arch Required Collections 57,221.56 - 57,221.56 51,446.27 5,775.29 5050 Estates, Bequests & Memorials 19,161.70 470.00 19,631.70 27,932.98 (8,301.28) 5060 Other Extraordinary Income 30,544.36 - 30,544.36 35,981.90 (5,437.54) 5110 Fund Collections 11,034.64 - 11,034.64 - 11,034.64
6 70870 - St. Cletus Profit and Loss report July 1, 2023 - June 30, 2024 Church, REP, Food Pantry School Combined Church and School FY Previous Yr FY 2023 year over year difference 5120 Capital Collections 1,055.00 300.00 1,355.00 5,069.00 (3,714.00) Total Other Income 119,042.26 770.00 119,812.26 120,430.15 (617.89) Other Expenses 6030 Pymt Arch Required Collections 57,370.56 - 57,370.56 51,446.27 5,924.29 6060 Other Extraordinary Expenses 835.81 - 835.81 3,414.60 (2,578.79) 6100 Capital Purchase or Construct 416.84 - 416.84 373.80 43.04 6110 Capital Improvements - - - - - 6110.01 Church - - - 1,770.00 (1,770.00) 6110.01-01 Church Electric LIght(Bequest) - - - 5,635.50 (5,635.50) 6110.01-02 Church Woodwork Refinishing 667.74 - 667.74 661.74 6.00 6110.01-04 Sewers / Drainage / Parking Lots 15,406.07 - 15,406.07 57,361.49 (41,955.42) 6110.01-05 Church Sound System 7,374.00 - 7,374.00 80,605.01 (73,231.01) 6110.01-06 Sacristy Closet Remodeling - - - 4,211.53 (4,211.53) 6110.01-07 Church Tuckpointing 27,000.00 - 27,000.00 - 27,000.00 6110.02 School - - - - - 6110.02-04 School Bldg Repairs Endow - 9,555.00 9,555.00 - 9,555.00 6110.02-07 School Security Improvements - - - 5,020.22 (5,020.22) 6110.02-08 Playground - 14,555.00 14,555.00 - 14,555.00 6110.02-09 School Tuckpointing 25,700.00 - 25,700.00 - 25,700.00 6110.02-10 School Windows 13,900.00 - 13,900.00 - 13,900.00 6110.03 Rectory - - - - - 6110.03-03 Renovations-Rectory Bldg 6,288.68 - 6,288.68 19,724.59 (13,435.91) Total Other Expenses 154,959.70 24,110.00 179,069.70 230,224.75 (51,155.05) Net Other Income (35,917.44) (23,340.00) (59,257.44) (109,794.60) 50,537.16 Net Income 178,680.69 82,569.69 261,250.38 235,115.42 26,134.96
7 Dear Brothers and Sisters in Christ, Thank you for your loyal support and commitment to St. Cletus Parish. I am pleased to share the Annual Report for the scal year 2023-2024. As the Operaons Director, I feel very fortunate to have been a part of St. Cletus Parish for the past 14 months and witnessed your generosity. Looking back on this past year, I am truly thankful for the outpouring of community support that allowed St. Cletus Parish to connue its mission. I am opmisc about this community's future, and I am very grateful for the generous support of the Parish Pastoral and Finance Councils, the dierent ministries, volunteers, sta members, and all parishioners. Thank you for supporng our mission to bring the message of our Lord Jesus Christ to everyone in this corner of the world. May you be always abundantly blessed. Sincerely in Christ, Deacon Franco Fo Balance Sheet As of June 30, 2024 Assets As of Jun 30, 2024 As of Jun 30, (PP) Parish Checking/Payroll Bank Accounts/Petty Cash 1,212,850 1,229,512 Parish Savings Accounts at Archdiocesan Bank 69,770 11,912 Parish "To Teach Who Christ Is" Account at Archdiocesan Bank 0 0 Parish Organizations-Auxiliary Groups / Food Pantry 605,332 538,798 Prepaid Deposit/Prepaid Expenses 2,578 2,482 Restricted School Endowment investments (1) 574,842 515,213 Unrestricted Parish investments at market value 432,788 394,364 Restricted Building Fund at Arch Bank (Sound System) (1) 6,997 13,097 Restricted Parish Center Building Campaign Fund Accounts (1) 13,993 13,351 Total Assets 2,919,149 2,718,730 LIABILITY AND NET ASSETS Liabilities Accounts Payable and Acrued Expenses (1) 3,142 Other Payroll Withholdings 0 0 Tuition Deposits 62,480 42,899 Archdiocesan Obligations (TTWCI) (2) 515,110 575,110 Parish and School PPP Loan Proceeds 0 0 Other Current Liabilities 16,987 292 Total Liabilities 560,601 621,432 Total Net Assets 2,358,548 2,097,298 TOTAL LIABILITIES AND NET ASSETS 2,919,149 2,718,730 (1) - Restricted funds are not available for general operations. (2) - Obligation to the Archdiocese Related to the To Teach Who Christ Is campaign.
8 Collecons. Sunday, Holy Day, and Christmas and Easter collecons totaled $1,514,679.34. While post-COVID Mass aendance is down by about 12.26% compared to pre-COVID aendance, our weekly collecons are only down about 3.15% from pre-COVID levels. Of course, this is not just an issue with our Parish; this is an issue with all parishes. Thank you for your connued generosity. “To Teach Who Christ Is” Debt. The Parish reduced this debt by $60,000, leaving a balance of $515,109.74. This debt is explained in more detail in the leer from the Finance Council included in this bullen. School Funding. In previous years the Parish has provided nancial support to the School. This past scal year, however, the School was nancially self-sucient. Due to the prot from the Fall Fest, cost savings in payroll and books and supplies, and fantasc fundraising eorts by students, parents, and supporters, the School had a net operang income of $82,569.69. Net Operang Income. The Parish nished the June 30, 2024, scal year with a net operang income of $214,598.13 (includes Food Pantry net income of $71,445.16). Investment Gains. The Parish’s investment accounts had a net unrealized gain of $38,423.40. The school’s investment account had a net unrealized gain of $59,628.30. Because investment gains and losses are not part of the Parish’s/School’s normal operaons, they are not considered in determining the parish’s/school’s operang income but rather considered Other Revenue. Parish Data: Registered families: 1,350 School Enrollment: 278 Pre-K- 8th grade Bapsms: 104 Religious Educaon: 410 Marriages: 13 Communions: 115 Funerals: 71 Conrmaons: 93 Summary of the Pasrish Financial Report Year Ended June 30, 2024