- Franciscan Outreach Association
- 1645 W. LeMoyne Street, Chicago, IL 60622
- Telephone (773)278-6724 Fax (773)278-7120
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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 2010, 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 $669,518
Donations from Franciscan Sources 71,563
Wills & Bequests 246,518
Grants General 320,380
Grants Government 158,029
Special Event Revenue 73,898
Donated Services 12,871
Realized & Unrealized gains on investments 23
Investment Income 67
Total Revenues and Gains $1,552,867
Expenses:
Program Expenses
Franciscan House $673,555
Marquard Center 238,001
Case Management program 301,168
Total Program Expenses $1,212,724
Administration Expenses 119,287
Fund Raising Expenses 207,103
Total Expenses $1,539,114
Loss on Sale of Vehicle 823
Total Expenses and Losses $1,539,937
Increase in Net Assets 12,930
Net Assets - Beginning of Year $824,996
Net Assets - End of Year $837,926
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 2010, we received 1,148 service hours from an internal accountant and a shelter staff person who were members of the Holy Spirit Missionary Sisters. Using a valuation of $21.36 per hour, which is a valuation announced by Independent Sector for 2010, it is estimated that $22,214 in additional administrative expenses and $8,074 in additional shelter program expenses would have been incurred if not for these services being donated by these volunteers.
We also received 23,040 service hours from full-time volunteers. Using the valuation of $21.36 per hour, it is estimated that $492,135 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
Brett Galley
Katherine Galley
Jerry Hossli
Russell Iacono
Geneva Kennedy
Patrick O'Connor
Robert Proctor, SFO
Chris Seth
Fr. Ed Shea, OFM
Robert Summers
Thomas Needham
Arthur Safer
James LoBianco
Dominic Sergi
Tracy Thirion
Your support helps us pay for this valuable program that helps change lives. To donate now, click here.