My dear brothers and sisters in Christ,
It is with gratitude and hope that I share this year’s financial report. As an archdiocese, we have pressed deeper into Jesus’ invitation to abide in him (Jn 15:4), and we are excited to see the fruits of his work in this apostolic time. We are committed to making our budget a mirror and compass of our mission, and I am proud of the investments we are making in the Church of Northern Colorado.
In 2024, we made advancements in all three of our Mission Anchors: Holy Priests, Equipped Leaders for Mission, and Missional Curia.
In the Holy Priests anchor, we offered several opportunities for priests to both receive and grow in healing ministry. We have also improved our internal process for gathering feedback and information to better discern future priest assignments that promote their flourishing.
In the Equipped Leaders for Mission anchor, we put over 1,000 people through our evangelization workshops, which aimed to inspire and equip the faithful to share their testimonies and proclaim the Gospel. We also sponsored eight pastors and their leadership teams to complete the Institute of Apostolic Leadership, which is already transforming parishes in our archdiocese.
In the Missional Curia anchor, we have successfully launched a new operational model for parish support called Mission Support Centers. We have piloted this model with three parishes so far, and pastors report that they spend significantly more time in mission and ministry as opposed to administration than before. This model will improve the operations of our parishes for less money and allow more resources to be at the disposal of the mission!
None of this is possible without the admirable generosity of many people from every part of the archdiocese. On behalf of all those who are served by the Church, thank you!
As we move forward, may we continue to surrender ourselves to God’s plan and abide in him fully!
Sincerely yours in Christ,
Most Reverend Samuel J. Aquila, S.T.L.
Archbishop of Denver
To the faithful of Northern Colorado,
I greet you in the name of Jesus Christ, the risen Son of God, and thank you for your continuing support of his Church.
As members of the Archdiocesan Finance Council, we assist Archbishop Aquila and his staff in overseeing the financial and business matters within our archdiocese. This report provides information on the financial affairs of the Archdiocese of Denver during the prior fiscal year.
2024 was significant in the history of our Church. During this time, the Finance Council addressed such topics as: the Priest Pension Fund, which supports our retired priests; repurposing several real estate assets; the financing of our Catholic schools; the establishment of new parishes; the future missional use of the Mullen Home property; the growth and support of our seminaries; and the financial audits of our Church and related ecclesiastical entities.
We are grateful for the important work of the many parish finance councils, which assist our pastors in the stewardship of our church’s financial matters.
Your continued faithfulness and generosity allow our Church to respond to Jesus’ call to discipleship and to support Archbishop Aquila, our shepherd. Thank you for your continued support.
Sincerely,
Thomas D. Heule
Most Rev. Samuel J. Aquila S.T.L., Archbishop
Tom Heule, Chair
Ed Blieszner, RE
Adam Greiner, AAC
Robert (Bob) Lazzeri
Elizabeth (Tizzie) Likovich
Susan Murphy, IC
Andrew Newland
Paul Powers
Kent Stemper
Robert Zarlengo
Most Rev. Jorge Rodriguez, Ph.D.
Very Rev. Randy Dollins, Vicar General
Very Rev. Giovanni Capucci, J.V.
Keith Parsons
Brenda Cannella
David Uebbing
Adam Greiner, AAC, Chair
Vicki Bogenberger
Dave Kolbet
Melissa Larkin
Drew Marsh
Keith Parsons
Susan Murphy, Chair
Wyck J. Brown, CFA
Rev. Jim Crisman
Nan Hinton
Christopher Meyer
Keith Parsons
Ed Blieszner, Chair
TJ Antinora
Worth Carlin
Jared Carlon
Very Rev. Randy Dollins, V.G.
Jennifer Luce
Dudley Mitchell
Erin Smith
Kent Stemper, Chair
Mark Najarian
Tom Wanzeck
Dn. Robert Hoffman
Kurt Connolly
Rev. John Hilton
Maggie Torres
Keith Parsons, Chair
Tom Heule
Jodi Thomas
Shannon Syzek
The Archdiocese of Denver is a Colorado nonprofit corporation, located on the campus of the St. John Paul II Center for the New Evangelization in south Denver. Referred to as the Pastoral Center, this entity is composed of the offices of the archbishop, vicars, directors, and others who collaborate in the administration and oversight of more than 30 archdiocesan offices and ministry programs.
Here is some more noteworthy work carried out by the Pastoral Center in FY 2024.
Mission Support Centers
The Mission Support Centers are regional teams of specialists who provide augmented support and essential services, building stronger relationships across parishes and between the Curia and the parishes, to ensure the productive use of resources, strengthen relationships among parishes and between the Archdiocese and the parishes, and empower parishes to focus on the Archbishop’s mission to rescue souls in Jesus Christ. Mission Support Centers launched as a pilot initiative within the Archdiocese of Denver in January of 2024, working with three parishes over the course of the year (the Cathedral Basilica of the Immaculate Conception, Christ the King Church and School, and St. Ignatius of Loyola, all in Denver). This new structural initiative has borne much fruit in just the first year, encouraging us to continue investing in the initiative.
Office of Real Estate
The Office of Real Estate witnesses the continued vitality of the Archdiocese of Denver through management of our real estate and through oversight of multiple design and construction projects at parishes, schools, and cemeteries with their repairs, remodels, and new construction.
The office assisted various parishes and ecclesiastical organizations in completing several major construction projects, including a parish hall expansion at Ascension Catholic Parish in Denver, a new rectory at St. Francis of Assisi in Longmont, and a sanctuary renovation at St. Peter in Greeley.
Moreover, there are several major construction projects that began in the past year which the office is actively involved in around the archdiocese, including a sanctuary remodel at Risen Christ in Denver and a sanctuary remodel at St. Frances Cabrini in Littleton. In the coming year, major projects at St. John Vianney Theological Seminary, St. Gianna Beretta Molla Parish, St. John Paul II Parish, St. Vincent de Paul in Denver, and All Souls are set to commence with construction.
To date, more than 160 projects are being managed with a total estimated project value of $338 million. The office continues to advise the parishes, schools and cemeteries in being good stewards of their resources by providing tools and practical expertise in best-value project management practices.
Human Resources: Strengthening Our Mission Together
At the Archdiocese of Denver, the Office of Human Resources plays a vital role in fostering a workplace environment where our employees and clergy can thrive, enabling them to faithfully serve our parishes, schools and communities. Guided by a commitment to stewardship, the team continues to make strides in enhancing resources and supporting the wellbeing of those who carry out our shared mission.
Below are highlights of key accomplishments from 2024:
Looking Ahead
These accomplishments reflect our unwavering commitment to the Mission of the Archdiocese of Denver. As we move forward into the coming year, we remain dedicated to prudent stewardship, innovation and care of the employees of the Archdiocese.
Office of Catholic Schools
The Office of Catholic Schools and the Archdiocese of Denver were pleased to announce that Dr. Kemmery Hill would be our new Superintendent, effective July 1, 2024. Kemmery comes with a rich background in Catholic education, specifically in the Archdiocese of Denver. She attended Sacred Heart Catholic School in Boulder for K-8. After graduating from college, she came back to teach at St. John the Baptist in Longmont, serving seven years in that role. She then was named principal and served in that role for 10 years. “I’m excited to continue working on our path of academic renewal and bringing all of our students into a daily encounter with JesusChrist,” she said.
The Office of Catholic Schools continues to make great progress working with our schools to support students with exceptionalities. The mission of the Department of Student Support Services is to teach whole Truth, to the whole person, for the whole of their Catholic educational experience so that our students will know, understand, and serve in the unique mission for which they were created. According to NCEA data, approximately 7-8% of students in U.S. Catholic schools have a diagnosed disability. Yet, of the 9,000+ students in our Catholic schools in the Archdiocese of Denver, 11% have a diagnosed disability and over 15.6% are receiving specialized instruction. According to the Urban Education Journal, the percentage of students with disabilities fully included in public general education classrooms with support 60-65% whereas, in the Archdiocese of Denver, we are at 85% fully included. With 100% of our schools serving students with disabilities and over 40% serving the most significant needs, we are truly creating places of welcome to serve all students and whole families.
Evangelization and Family Life Ministries
The Office of Evangelization and Family Life Ministries exists to provide pastoral equipping to leaders for the work of ministry. This pastoral equipping is provided to leaders in both English/Spanish, to both clergy and lay leaders, and for both paid and volunteer leaders in our parishes and movements. In this apostolic-like time, the Office of Evangelization and Family Life Ministries is working diligently to pioneer a renewed vision for parochial ministry that will be effective and fruitful. Below are a few highlights from the variety of retreats, workshops and initiatives that were carried out last fiscal year:
Office of Marketing and Communications & Office of Mission Advancement
The Office of Marketing and Communications (MarComm) and Office of Mission Advancement experienced one of their most significant transformations in years, when the fundraising campaigns team was merged from the Office of Mission Advancement into the MarComm team.
Due to historical precedent, the MarComm team and philanthropic fundraising campaigns team worked independently of each other, despite the work being similar in recent years. This merger and increased intra-departmental collaboration has increased efficiencies and improved messaging and brand alignment, essential for effective communications and donor-focused philanthropy.
Now, the MarComm team, together with the Office of Mission Advancement and their philanthropic efforts, develop and execute campaigns as one for the Archbishop’s Catholic Appeal, Seminaries’ Appeal, and Retired Priests’ Appeal as well as with Annunciations Heights, Centro San Juan Diego and a host of the other ministries including parishes and select Catholic Schools. Combined, these Appeals are responsible for over $16 million in annual revenue and critical for funding the work of the Pastoral Center, seminaries, supporting our retired priests, and our ministries.
While this was a big change, the work of mass communications as well as targeted, niche audiences, was not new to the Office of Marketing and Communications. They continue to be responsible for: the Denver Catholic and El Pueblo Católico magazines and digital channels; media and public relations; over 100 diocesan, ministry, and parish websites; digital marketing support for diocesan ministries and events; and providing scalable communications channels leveraged by the diocese and parishes like Flocknote and Catholic Social Media.
The St. John Paul II Center for the New Evangelization
The St. John Paul II Center, a Colorado nonprofit corporation, is located at 1300 S. Steele St. and was established in 1996. The center provides Catholics with a gathering place for meetings, education, marriage preparation classes, liturgies and classroom instruction in Scripture and Church doctrine. In addition, the St. John Paul II Center houses the Archdiocese of Denver’s Pastoral Center, the St. John Vianney Theological Seminary, the Redemptoris Mater House of Formation, the Carmelite Sisters of the Holy Trinity, the Holy Trinity Center, the Prophet Elijah House and the Cardinal Stafford Theological Library.
Archdiocese of Denver Management Corporation
Formed in March 1999, The Archdiocese of Denver Management Corporation is a Colorado nonprofit corporation that provides payroll, accounting, legal, real estate, construction, human resources and other management services to the archdiocese, the parishes in northern Colorado and various ecclesiastical entities, pursuant to service agreements.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $6,143,008 | $790,393 |
| Total cash | 6,143,008 | 790,393 |
| Prepaid expenses & other assets | 402,877 | 490,712 |
| Notes, contributions & accounts receivable, net | 6,659,760 | 7,457,556 |
| Cash held in trust for others | 3,929,070 | 3,726,217 |
| Due from parishes & other related entities, net | 116,905 | 123,335 |
| Investments | 25,254,758 | 23,639,790 |
| Right of use assets under operating leases | 586,200 | 722,202 |
| Property & equipment, net | 48,092,642 | 57,196,363 |
| Total assets | 91,185,220 | 94,146,568 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | $3,675,028 | $3,144,830 |
| Funds held in trust for others | 3,929,070 | 3,726,217 |
| Grants Payable | 2,878,025 | 3,710,362 |
| Other liabilities | 778,137 | 2,264,049 |
| Notes & bonds payable | 1,957,062 | 7,563,344 |
| Total liabilities | 13,217,322 | 20,408,802 |
| Net assets: | ||
| Without donor restrictions | 63,841,695 | 59,551,766 |
| With donor restrictions | 14,126,203 | 14,186,000 |
| Total net assets | 77,967,898 | 73,737,766 |
| Total liabilities & net assets | $91,185,220 | $94,146,568 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Archbishop’s Catholic Appeal contributions, net | $10,657,227 | $10,460,439 |
| Parish assessments, net | 8,005,921 | 8,823,667 |
| Grants & contributions | 2,929,355 | 3,056,631 |
| In-kind contribution | 16,000,000 | – |
| Total support | 37,592,503 | 22,340,737 |
| Revenue: | ||
| Advertising | 359,234 | 331,534 |
| Program & service, net | 3,763,827 | 3,822,041 |
| Other income | 1,537,286 | 2,733,740 |
| Investment income/(loss), net | 3,438,068 | 2,985,981 |
| Total revenue | 9,098,415 | 9,873,296 |
| Total support & revenue | 46,690,918 | 32,214,033 |
| Expenses: | ||
| Program expenses: | ||
| Religious education & schools | 6,152,336 | 7,264,468 |
| Social development | 6,011,354 | 3,877,414 |
| Spiritual & pastoral concerns | 4,515,940 | 4,132,843 |
| Religious & ordained ministries | 5,443,881 | 5,997,135 |
| Evangelization | 3,125,447 | 3,128,805 |
| Catholic communications | 3,434,777 | 3,584,740 |
| Total program expenses | 28,683,735 | 27,985,405 |
| Support & administrative expenses | 2,126,618 | 2,678,933 |
| Development & fundraising | 6,173,364 | 5,779,827 |
| Total expenses | 36,983,717 | 36,444,165 |
| Change in net assets | 9,707,201 | (4,230,132) |
| Net assets, beginning of year | 68,260,697 | 77,967,898 |
| Net assets, end of period | $77,967,898 | $73,737,766 |
The St. John Paul II Center, a Colorado nonprofit corporation, is located at 1300 S. Steele St. and was established in 1996. The center provides Catholics with a gathering place for meetings, education, marriage preparation classes, liturgies and classroom instruction in Scripture and Church doctrine. In addition, the St. John Paul II Center houses the Archdiocese of Denver’s Pastoral Center, the St. John Vianney Theological Seminary, the Redemptoris Mater House of Formation, the Carmelite Sisters of the Holy Trinity, the Holy Trinity Center, the Prophet Elijah House and the Cardinal Stafford Theological Library.
| 2023 | 2024 | |
| Assets: | ||
| Prepaid expenses & other assets | $ – | $23,482 |
| Property & equipment, net | 2,313,536 | 2,322,782 |
| Total Assets | 2,313,536 | 2,346,264 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | – | 45,303 |
| Total Liabilities | – | 45,303 |
| Unrestricted net assets | 2,313,536 | 2,300,961 |
| Total liabilities & net assets | $2,313,536 | $2,346,264 |
| 2023 | 2024 | |
| Revenue: | ||
| Grants & contributions | $ – | $ – |
| Total revenue | – | – |
| Expenses: | ||
| Program expenses – depreciation | 13,010 | 12,575 |
| Change in net assets | (13,010) | (12,575) |
| Net assets, beginning of year | 2,326,546 | 2,313,536 |
| Net assets, end of period | $2,313,536 | $2,300,961 |
Formed in March 1999, The Archdiocese of Denver Management Corporation is a Colorado nonprofit corporation that provides payroll, accounting, legal, real estate, construction, human resources and other management services to the archdiocese, the parishes in northern Colorado and various ecclesiastical entities, pursuant to service agreements.
| 2023 | 2024 | |
| Assets: | ||
| Prepaid expenses & other assets | $27,900 | $26,807 |
| Accounts & other receivables, net | 222,013 | 99,793 |
| Property & equipment, net | 57,550 | 45,433 |
| Total assets | 307,463 | 172,033 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 1,049,294 | 1,338,202 |
| Due to other related entities | 972,395 | 710,917 |
| Notes Payable | – | – |
| Total liabilities | 2,021,689 | 2,049,119 |
| Net assets | (1,714,226) | (1,877,086) |
| Total liabilities & net assets | $307,463 | $172,033 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Management & service fees | $8,385,854 | $9,670,955 |
| Grants | – | – |
| Other Income | 11,788 | 56,686 |
| Total support & revenue | 8,397,642 | 9,727,641 |
| Expenses: | ||
| Support & administrative expenses | 8,755,306 | 9,890,501 |
| Total expenses | 8,755,306 | 9,890,501 |
| Change in net assets | (357,664) | (162,860) |
| Net assets, beginning of year | (1,356,562) | (1,714,226) |
| Net assets, end of period | ($1,714,226) | ($1,877,086) |
| 2023 | 2024 | |
| Special collections, net of fees: | ||
| International / national combined collections | $1,859,230 | $1,491,193 |
| Catholic Campaign for Human Development | 57,346 | 59,099 |
| Retirement Fund for Religious | 145,766 | 144,411 |
| Combined mission collections | 945,201 | 875,043 |
| Total | $3,007,543 | $2,569,746 |
St. John Vianney Theological Seminary (SJV) is a Colorado nonprofit corporation that was established in 1999 to provide seminary formation and other programs for the education of seminarians, permanent deacons and members of the laity. In addition to the seminary, SJV operates the Cardinal Stafford Theological Library, the St. Francis School of Theology for Deacons and the Division of Lay Formation, including the Catholic Biblical and Catechetical Schools for the education of the laity.
The Archdiocese of Denver is blessed to have a world-renowned seminary, St. John Vianney Theological Seminary, which forms the future priests for 11 dioceses. Young men come from around the world to study for the priesthood here in Denver.
In February 2024, three men were ordained to the transitional diaconate for the Archdiocese of Denver. Additionally, the St. Francis School of Theology for Deacons, a St. John Vianney Theological Seminary division, ordained 21 men to the permanent diaconate in the summer of 2023. Last but certainly not least, in May 2024, six men were ordained as priests to serve the faithful of the archdiocese.
129 men are currently being educated and formed for the priesthood, 59 of whom are discerning to serve as future priests for the Archdiocese of Denver. They will be joined by another 31 men who will be ordained to the permanent diaconate.
It takes an average of seven years of study before a man is ordained. Once ordained to the priesthood, these men will serve the faithful for an average of nearly 50 years. St. John Vianney Seminary is committed to forming the future generation of priests through robust spiritual and academic formation. They are formed to lead the faithful they serve to encounter Jesus Christ.
St. John Vianney Theological Lay Division
The St. John Vianney Theological Seminary Lay Division comprises both the flagship Biblical and Catechetical School programs, in addition to Enrichment Courses on different topics of the faith, Short Courses, Lecture Series, Workshops/ Conferences, and free talks. Last year saw 5,000 registrations for all of the different courses throughout the year.
Last year also saw further growth and diversification of course offerings, with brand new classes on Catholic literature, Church architecture, the Liturgy of the Hours, the theological virtues, evangelization and the Four Last Things. The year also featured a lecture on one of Denver’s own – Julia Greeley, Colorado’s “Secret Angel of Charity,” whose cause for canonization is open.
The Spanish track of the Biblical School also continued to grow last year, with another 75+ students registering for the new first-year classes.
Another highlight was the Lay Division’s first-ever ad campaign with Our Sunday Visitor, which marked the start of a move towards national marketing as the Division continues to expand its online offerings out of state.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $10,879,365 | $16,405,440 |
| Prepaid expenses & other assets | 79,400 | 100,640 |
| Contribution & accounts receivable, net | 22,185 | 785,352 |
| Investments | 1,097,373 | 1,618,169 |
| Beneficial interest in charitable trust | 3,722,481 | 4,664,898 |
| Right of use assets under operating leases | 1,051,618 | 747,151 |
| Property & equipment, net | 9,192,735 | 9,845,620 |
| Total assets | 26,045,157 | 34,167,270 |
| Liabilities & net assets: | ||
| Accounts payable & accruals | 345,539 | 619,961 |
| Funds held in trust for others | 144,187 | – |
| Deferred revenue and other liabilities | 1,248,709 | 967,640 |
| Total Liabilities | 1,738,435 | 1,587,601 |
| Net assets: | ||
| Without donor restrictions | 16,655,524 | 20,330,891 |
| With donor restrictions | 7,651,198 | 12,248,778 |
| Total net assets | 24,306,722 | 32,579,669 |
| Total liabilities & net assets | $26,045,157 | $34,167,270 |
| 2023 | 2024 | |
| Support: | ||
| Grants & contributions | $6,844,558 | $8,371,654 |
| Fundraising & special events | 1,895,222 | 1,924,724 |
| Total support | 8,739,780 | 10,296,378 |
| Revenue: | ||
| Program & service | 75,831 | 85,466 |
| Tuition income | 4,534,160 | 4,492,346 |
| Investment & other income, net | 339,391 | 2,011,161 |
| Total revenue | 4,949,382 | 6,588,973 |
| Total revenue & support | 13,689,162 | 16,885,351 |
| Expenses: | ||
| Religious education & schools | 1,984,960 | 2,110,808 |
| Religious & ordained ministries | 6,042,385 | 5,680,284 |
| Support & administrative expenses | 24,184 | 267,146 |
| Development & fundraising | 422,644 | 554,166 |
| Total expenses | 8,474,173 | 8,612,404 |
| Change in net assets | 5,214,989 | 8,272,947 |
| Net assets, beginning of year | 19,091,733 | 24,306,722 |
| Net assets, end of period | $24,306,722 | $32,579,669 |
Redemptoris Mater House of Formation (RM), a Colorado nonprofit corporation, was established in 1996 by the archdiocese as an archdiocesan missionary seminary. RM prepares men for the priesthood who come from all over the world ready to serve the Catholic Church, according to the direction of Presbyterorum Ordinis, No. 10.
The Redemptoris Mater Archdiocesan Missionary Seminary (RM) was opened in 1996 to form Archdiocesan and missionary priests to serve the universal Church and the local one in Denver, where they are needed. RM welcomes seminarians from 12 different countries of origin to the Archdiocese of Denver. Moreover, while RM seminarians share the same academics with men studying at St. John Vianney Seminary (SJV), the Neocatechumenal Way offers them an itinerary of formation into an adult faith in a concrete Christian community inserted in a particular local parish.
Both seminary formation and this itinerary of faith in a particular community aim to foster their human, spiritual, intellectual and pastoral formation, which is fundamental in their growth as Christians, especially when facing this increasingly secularized society. Upon ordination, the Archbishop of Denver may send the new priests to local parishes or a missionary assignment.
This past year brought many spiritual fruits for Redemptoris Mater. This past September, seven new men were welcomed to the seminary to begin formation for the priesthood. A few months prior, in April, two seminarians took an important step toward ordination as Archbishop Aquila admitted them for candidacy to receive Holy Orders. Two other seminarians were also instituted as Lectors in April, and another was instituted as an acolyte in the Fall.
The Seminary also seeks to reach out to the local community through events and other activities. In May, the traditional Friends of the Seminary Gala dinner drew more than 560 guests and honored both Father Molina and the Stefanicks. In September, the seminary hosted its third family fair, where many families and youth came to the seminary grounds to spend a day together, play sports, tour the seminary and enjoy games and snacks in fellowship with one another.
Another special moment of this past year was the summer pilgrimage to attend the celebration of the 50th anniversary of the Neocatechumenal Way in the USA, which was celebrated in NY. As a preparation for this event, the seminarians participated in a vocational pilgrimage with many young people from different parishes and dioceses of different parts of the country. Finally, the last seminary event of the year will be our traditional Christmas concerts, during which the seminarians will both sing and welcome guests on two different dates.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $41,969 | $15,676 |
| Accounts & other receivables, net | 200 | 665 |
| Property & equipment, net | 46,450 | 71,168 |
| Total assets | 88,619 | 87,509 |
| Liabilities & net assets: | ||
| Accounts payable & accruals | 3,591 | 2,481 |
| Due to Archdiocese of Denver | – | – |
| Total Liabilities | 3,591 | 2,481 |
| Net assets: | ||
| Without donor restrictions | 85,028 | 85,028 |
| With donor restrictions | – | – |
| Total net assets | 85,028 | 85,028 |
| Total liabilities & net assets | $88,619 | $87,509 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Grants & contributions | $1,714,960 | $1,733,188 |
| Fundraising & other | 559,314 | 596,713 |
| Total revenue & support | 2,274,274 | 2,329,901 |
| Expenses: | ||
| Program expenses | 2,023,727 | 2,063,802 |
| Support & administrative expenses | 159,389 | 176,328 |
| Development & fundraising | 91,158 | 89,771 |
| Total expenses | 2,274,274 | 2,329,901 |
| Change in net assets | – | – |
| Net assets, beginning of year | 85,028 | 85,028 |
| Net assets, end of period | $85,028 | $85,028 |
Family of Nazareth (FN) is a Colorado nonprofit corporation established in 1998. FN primarily assists the Redemptoris Mater Seminary and supports the work of the New Evangelization and all persons connected with the mission of the Neocatechumenal Way. FN procures real and personal properties as deemed necessary to carry out the missionary work of the New Evangelization.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $612,782 | $578,289 |
| Prepaid expenses and other | – | 11,371 |
| Property & equipment, net | 182,143 | 171,899 |
| Total assets | 794,925 | 761,559 |
| Net assets: | ||
| Accounts payable & accruals | – | 342 |
| Total Liabilities | – | 342 |
| Without donor restrictions | 592,335 | 558,627 |
| With donor restrictions | 202,590 | 202,590 |
| Total net assets | 794,925 | 761,217 |
| Total liabilities & net assets | $794,925 | $761,559 |
| 2023 | 2024 | |
| Support: | ||
| Grants & contributions | $28,039 | $3,937 |
| Fundraising | 66,605 | 240,362 |
| Revenue: | ||
| Program revenues | – | – |
| Investment & other income | 52,562 | 29,647 |
| Total revenue | 52,562 | 29,647 |
| Total revenue & support | 147,206 | 273,946 |
| Expenses: | ||
| Program expenses | – | 123,877 |
| Support & administrative expenses | 90,798 | 142,619 |
| Development & fundraising | 103,788 | 41,158 |
| Total expenses | 194,586 | 307,654 |
| Change in net assets | (47,380) | (33,708) |
| Net assets, beginning of year | 842,305 | 794,925 |
| Net assets, end of period | $794,925 | $761,217 |
Frassati Catholic Academy, Inc., is a K-8 school located in Thornton, Colorado. Founded in 2017, it seeks to equip its students to be the leaders of tomorrow by utilizing the classical model of education, which places an emphasis on the three pillars of grammar, logic, and rhetoric. It also fosters strong faith formation through a steadfast commitment to the teachings of Jesus Christ and his Church.
Frassati Catholic Academy is in its eighth year as a Catholic classical school. The school offers a beautiful education in truth, goodness and beauty through a Catholic, classical methodology. The Catholic faith is truly at the center of all they do! Students attend mass multiple times a week and have weekly opportunities for Confession and Adoration. The school’s enrollment grew to 385 students in grades preschool through 8th grade, up from 368 students last year. An additional sixth-grade class has been added for the 2024-2025 school year, and additional seventh and eighth-grade classes will be added over the next two years. The theme for the year is, “Do the next right thing in faith, with excellence, and for the glory of God!”
Last year also brought several new blessings, including the completion of our new HVAC system, the replacement of the center section of our roof, and the resealing and painting of our parking lot. Thanks to a grant, FCA also purchased new equipment for the physical education program. Through additional grants, the school hopes and prays to be able to continue the beautification of the chapel as they work on converting it from a cafeteria space to a beautiful chapel. Finally, FCA has instituted a brand-new Department of Student Supports that is allowing the school to better serve students who have different needs in order to help Frassati be inclusive for all who desire an authentic Catholic education.
The faculty and staff have worked hard to clearly define classical education at Frassati Catholic Academy and develop a plan for living in community that will bring them together through a shared Christian mission. FCA has also been planning many community events this year, such as the Fox Trot Fun Run and our All Saints Day Eucharistic Procession. Frassati looks forward to continuing its growth as a community of faith!
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $227,252 | $281,444 |
| Debt service fund | 365,349 | 376,453 |
| Tuition receivable, net | 3,354 | 1,236 |
| Prepaid expenses & other assets | 6,998 | 3,006 |
| Property & equipment, net | 10,012,286 | 10,437,619 |
| Total assets | 10,615,239 | 11,099,758 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 151,527 | 238,409 |
| Tuition & fees paid in advance | 85,605 | 93,373 |
| Line of Credit | 2,511,974 | 2,511,974 |
| Bond payable, less issuance costs | 10,195,650 | 10,913,195 |
| Total liabilities | 12,944,756 | 13,756,951 |
| Net assets: | ||
| Without donor restrictions | (2,345,117) | (2,657,193) |
| With donor restrictions | 15,600 | – |
| Total net assets | (2,329,517) | (2,657,193) |
| Total liabilities & net assets | $10,615,239 | $11,099,758 |
| 2023 | 2024 | |
| Operating revenues: | ||
| Tuition income, net | $1,964,426 | $2,191,410 |
| Schools’ fund grants | 205,500 | 205,500 |
| Student fees and other operating revenues | 203,362 | 226,531 |
| Total operating revenue | 2,373,288 | 2,623,441 |
| Operating expenses: | ||
| Educational activities | 2,697,925 | 3,099,549 |
| Support & administration | 490,842 | 574,068 |
| Total operating expenses | 3,188,767 | 3,673,617 |
| Loss from operations | (815,479) | (1,050,176) |
| Non-operating support and expenses: | ||
| Grants & other contributions | 485,567 | 553,387 |
| In-kind donations | 116,824 | 54,644 |
| Special events, net of expenses | 65,686 | 95,393 |
| Investment & other income | 6,205 | 11,135 |
| Rental income | 39,659 | 7,941 |
| Gain on sale of equipment | 3,198 | – |
| Net non-operating support | 717,139 | 722,500 |
| Change in net assets | (98,340) | (327,676) |
| Net assets, beginning of year | (2,231,177) | (2,329,517) |
| Net assets, end of period | ($2,329,517) | ($2,657,193) |
Based on the teachings of Jesus Christ, Holy Family High School, Inc. (HFHS) seeks to provide a Catholic learning environment that stresses academic excellence, fosters mutual respect, demands responsibility and encourages self-growth. Although HFHS was established as a Colorado nonprofit corporation in Broomfield as recently as 1999, HFHS has a 100-year-long tradition of excellence in education and continues that tradition as a family of faith.
Holy Family High School is a faith-centered institution that uses academics, arts, athletics and extracurriculars to guide students toward a relationship with Christ and eternal life in heaven. Everything we do serves this ultimate goal.
43 students enrolled in a new Dogmatics class for those seeking Baptism, Confirmation or First Holy Communion during the 2024-2025 academic year. The Ut Fidem (“Keep the Faith”) program, which helps students defend their Catholic faith and grow in their relationship with Christ, enters its second year and now includes 105 students in 17 small groups. Monthly Encounter events featuring guest speakers and Adoration have become a favorite among students and parents. Additionally, Holy Family will host Denver Catholic Biblical School classes in Fall 2025.
Holy Family welcomed six new educators this year, joining a faculty with over 900 combined years in Catholic education. Over 85% of our teachers hold advanced degrees.
The Class of 2024’s 180 graduates earned $16.5 million in scholarships and awards, with 33% graduating with honors. Of the class, 97% enrolled in college, and 24% are attending Catholic universities.
Our students excelled in athletics. With 321 students participating in fall sports, 75% of Holy Family students play at least one sport. The arts are also thriving, with 346 students enrolled in Arts Department classes.
Student Services supported 102 students with learning differences, and Holy Family became a FIRE Foundation partner school, enabling us to hire our first Special Education teacher.
Fundraising efforts were exceptional this year, with the Week of Giving raising over $267,000 and the Tiger Gala bringing in over $648,000.
Holy Family continues to provide a vibrant community for students to grow in faith and academics.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $4,685,748 | $5,663,961 |
| Cash & short-term investments held in trust or restricted | 770,196 | 371,890 |
| Prepaid expenses and other assets | 31,418 | 6,299 |
| Tuition receivable and other assets, net | 48,442 | 43,426 |
| Contributions receivable, net | 1,929 | 3,346 |
| Investments | 4,776,269 | 5,112,199 |
| Right of use assets under operating leases | 151,098 | 93,481 |
| Property & equipment, net | 24,398,245 | 23,792,863 |
| Total assets | 34,863,345 | 35,087,465 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 763,714 | 843,679 |
| Funds held in trust for others | 343,611 | 371,890 |
| Tuition & fees paid in advance | 644,607 | 567,107 |
| Operating lease liabilities | 151,098 | 93,481 |
| Bonds & Notes Payable | 10,255,925 | 9,830,538 |
| Total liabilities | 12,158,955 | 11,706,695 |
| Net assets: | ||
| Without donor restrictions | 17,572,893 | 18,357,757 |
| With donor restrictions | 5,131,497 | 5,023,013 |
| Total net assets | 22,704,390 | 23,380,770 |
| Total liabilities & net assets | $34,863,345 | $35,087,465 |
| 2023 | 2024 | |
| Operating revenues: | ||
| Tuition income, net | $9,586,490 | $10,095,664 |
| Schools’ fund grants | 433,600 | 433,599 |
| Student fees & other operating revenues | 1,745,754 | 1,913,255 |
| Total operating revenues | 11,765,844 | 12,442,518 |
| Operating expenses: | ||
| Educational activities | 11,780,322 | 12,105,392 |
| Support & administration | 721,826 | 1,144,163 |
| Total operating expenses | 12,502,148 | 13,249,555 |
| Loss from operations | (736,304) | (807,037) |
| Non-operating support & expenses: | ||
| Contributions | 1,357,004 | 1,104,670 |
| Special events, net of expenses | 460,119 | 554,959 |
| Investment income/(loss), net | 547,055 | 668,010 |
| Development, fundraising & other expenses, net | (830,983) | (786,342) |
| Gain/(Loss) on sale of fixed assets | (11,158) | (57,880) |
| Net non-operating support | 1,522,037 | 1,483,417 |
| Change in net assets | 785,733 | 676,380 |
| Net assets, beginning of year | 21,918,657 | 22,704,390 |
| Net assets, end of period | $22,704,390 | $23,380,770 |
Bishop Machebeuf High School, Inc. (BMHS) is a Catholic college-preparatory high school that is committed to integrating faith formation and supporting a diverse, college-bound community. BMHS is a Colorado nonprofit corporation, located in the Lowry neighborhood of east Denver. BMHS was founded in 1958 as a coeducational Catholic school for students in grades nine through twelve. Due to the inability to continue to fund sustained losses from operations, BMHS will close in the spring of 2025.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $1,315,158 | $39,627 |
| Cash & short-term investments held in trust or restricted | 31,891 | 4,500 |
| Tuition receivable, net | 2,940 | 3,997 |
| Prepaid expenses & other assets | 56,562 | 109,686 |
| Property & equipment, net | 4,954,794 | 4,796,942 |
| Total assets | 6,361,345 | 4,954,752 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 210,303 | 267,489 |
| Unearned escrow deposit | – | – |
| Tuition & fees paid in advance | 70,704 | 71,663 |
| Funds held in trust for others | 31,425 | 4,500 |
| Note payable to Archdiocese of Denver | 180,107 | 1,275,292 |
| Total liabilities | 492,539 | 1,618,944 |
| Net assets: | ||
| Without donor restrictions | 5,836,865 | 3,297,354 |
| With donor restrictions | 31,941 | 38,454 |
| Total net assets | 5,868,806 | 3,335,808 |
| Total liabilities & net assets | $6,361,345 | $4,954,752 |
| 2023 | 2024 | |
| Operating revenues: | ||
| Tuition income, net | $1,628,999 | $1,669,084 |
| Schools’ fund grants | 450,000 | 450,000 |
| Student fees and other operating revenues | 235,039 | 110,786 |
| Total operating revenue | 2,314,038 | 2,229,870 |
| Operating expenses: | ||
| Educational activities | 3,839,645 | 3,719,479 |
| Support & administration | 1,272,633 | 1,127,506 |
| Total operating expenses | 5,112,278 | 4,846,985 |
| Loss from operations | (2,798,240) | (2,617,115) |
| Non-operating support and expenses: | ||
| Contributions | 295,189 | 236,728 |
| Royalty Income | 200,252 | 25,258 |
| Forgiveness of debt | 45,292 | 76,322 |
| Investment and other income/(loss) | 5,771 | 26,420 |
| Gain on sale of baseball field | 4,377,492 | – |
| Development, fundraising & other expenses, net | (301,053) | (280,611) |
| Net non-operating support | 4,622,943 | 84,117 |
| Change in net assets | 1,824,703 | (2,532,998) |
| Net assets, beginning of year | 4,044,103 | 5,868,806 |
| Net assets, end of period | $5,868,806 | $3,335,808 |
Blessed Miguel Pro Catholic Academy is a K-8 school located in Westminster, CO. Founded in 2020 and named for Blessed Father Miguel Pro, a Jesuit priest who courageously spread the Catholic faith in Mexico, Bl. Miguel Pro Catholic Academy seeks to form and educate students through the lens of a Catholic worldview. They achieve this by instilling in their students the “Pro Habits” of being Humble, Authentic, Joyful, Christ-like and Courageous.
Blessed Miguel Pro Catholic Academy (BMP) opened its doors for the first time in August of 2020.
A merger between Holy Trinity and St. Catherine of Sienna Catholic Schools, BMP uses a liberal arts curriculum steeped in the Catholic intellectual tradition to carry out its mission of forming joyfully fearless disciples. BMP also considers itself an inclusion school and aims to serve all students whether they have severe needs, are typically developing, or are somewhere in between.
With new leadership in place for the 2024-2025 school year, BMP is positioning itself to grow in a strategic and sustainable way while reflecting the unapproachable light of Jesus Christ to the entire Westminster and Adams County community with renewed strength.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $452,909 | $187,308 |
| Tuition receivable, net | 3,702 | 7,997 |
| Prepaid expenses & other assets | 25,199 | 27,182 |
| Property & equipment, net | 173,837 | 217,479 |
| Total assets | 655,647 | 439,966 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 124,921 | 132,023 |
| Tuition & fees paid in advance | 47,013 | 41,025 |
| Due to Archdiocese of Denver | 102,023 | 35,294 |
| Funds held in trust for others | – | 1,919 |
| Total liabilities | 273,957 | 210,261 |
| Net assets: | ||
| Without donor restrictions | 381,690 | 229,705 |
| With donor restrictions | – | – |
| Total net assets | 381,690 | 229,705 |
| Total liabilities & net assets | $655,647 | $439,966 |
| 2023 | 2024 | |
| Operating revenues: | ||
| Tuition income, net | $693,501 | $844,950 |
| Schools’ fund grants | 386,164 | 374,165 |
| Student fees and other operating revenues | 31,865 | 34,395 |
| Other Income | 19,021 | 29,704 |
| Total operating revenue | 1,130,551 | 1,283,214 |
| Operating expenses: | ||
| Educational activities | 1,485,816 | 1,673,979 |
| Support & administration | 330,184 | 345,192 |
| Total operating expenses | 1,816,000 | 2,019,171 |
| Loss from operations | (685,449) | (735,957) |
| Non-operating support and expenses: | ||
| Grants & other contributions | 158,988 | 115,065 |
| In-kind donations | 281,277 | 296,384 |
| Parish Assessments | 103,663 | 108,716 |
| Special events, net of expenses | 69,793 | 61,906 |
| Other income | 2,617 | 1,901 |
| Net non-operating support | 616,338 | 583,972 |
| Change in net assets | (69,111) | (151,985) |
| Net assets, beginning of year | 450,801 | 381,690 |
| Net assets, end of period | $381,690 | $229,705 |
The mission of Seeds of Hope is to cultivate minds and hearts for Christ by striving to make a transformative Catholic education financially accessible to any family who seeks it. It is our belief that students and families who desire the benefits of Catholic education should not be turned away because of finances anywhere in the Archdiocese of Denver.
Since its founding in 1996, the mission of Seeds of Hope has been to cultivate minds and hearts for Christ by striving to make a transformative Catholic education financially accessible to any family who seeks it. Since its inception, Seeds of Hope has provided over 26,500+ scholarships totaling over $50 million.
By providing scholarships, Seeds of Hope gives families the choice to send their children to a Catholic K-8 school where spiritual, mental, academic and physical formation is provided. Seeds of Hope also strives to assist and sustain these Catholic communities which support families in all aspects of life as these grants allow for parent choice in education. The good performed by Catholic schools is undeniable, a mission to joyfully educate the whole person and form witnesses who will transform the world. Seeds of Hope continues to serve low-income, high minority populations, and the gift of a Catholic education is a blessing to these families.
Seeds of Hope offers “Hope Scholarships” ranging from $500 to $3,500 per student, depending on need. Any K-8 student at any Archdiocese of Denver K-8 Catholic school who meets Seeds of Hope’s household income eligibility guidelines is eligible to apply for tuition assistance. All families contribute to their children’s tuition which helps create a sense of pride and accountability.
As a continued service for Archdiocese of Denver K-8 Catholic Schools, Seeds of Hope also continues to maintain the online Variable Tuition Program for schools, which gathers important data and information from families to help schools calculate affordable tuition.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $5,813,112 | $3,309,554 |
| Short-term investments | – | 846,350 |
| Parish assessments receivable, net | 321,123 | 193,359 |
| Contributions receivable | 218,516 | 223,012 |
| Investments | 8,576,318 | 10,853,532 |
| Other assets, net | 27,021 | 52,432 |
| Total assets | 14,956,090 | 15,478,239 |
| Liabilities & net assets: | ||
| Accounts payable & accruals | 46,715 | 63,775 |
| Total liabilities | 46,715 | 63,775 |
| Net assets: | ||
| Without donor restrictions | 5,664,870 | 5,682,829 |
| With donor restrictions | 9,244,505 | 9,731,635 |
| Total net assets | 14,909,375 | 15,414,464 |
| Total liabilities & net assets | $14,956,090 | $15,478,239 |
| 2023 | 2024 | |
| Support and revenue: | ||
| Gifts and grants, net | $3,218,214 | $1,609,231 |
| Special events, net | 1,228,522 | 855,374 |
| Parish assessments | 601,919 | 673,485 |
| Investment income/(loss), net | 762,163 | 1,110,405 |
| Total support & revenue | 5,810,818 | 4,248,495 |
| Expenses: | ||
| Grants to schools and students | 2,380,164 | 2,826,305 |
| Grant making expenses | 364,050 | 435,137 |
| Total program expenses | 2,744,214 | 3,261,442 |
| Supporting services: | ||
| Management and general | 145,580 | 173,659 |
| Development and fundraising | 350,343 | 308,305 |
| Total supporting services | 495,923 | 481,964 |
| Total expenses | 3,240,137 | 3,743,406 |
| Change in net assets | 2,570,681 | 505,089 |
| Net assets, beginning of year | 12,338,694 | 14,909,375 |
| Net assets, end of period | $14,909,375 | $15,414,464 |
Cabrini Teaching Fellows is a three-year postgraduate fellowship that exists to contribute to Catholic school renewal in the Archdiocese of Denver. Fellows will be part of a supportive, spirit-driven community that will assist in individual formation, equip them with tools for success, and provide a life in community. Cabrini Teaching Fellows is dedicated to nurturing long-term growth and providing support to Faith-driven individuals as they embark on a lasting career in education within the Archdiocese of Denver.
| 2024 | |
| Assets: | |
| Cash & cash equivalents | $144,420 |
| Total assets | 144,420 |
| Liabilities & net assets: | |
| Accounts payable & accruals | 7,156 |
| Total liabilities | 7,156 |
| Net assets: | |
| Without donor restrictions | (12,736) |
| With donor restrictions | 150,000 |
| Total net assets | 137,264 |
| Total liabilities & net assets | $144,420 |
| 2024 | |
| Support and revenue: | |
| Grants & Contributions | $205,000 |
| Total support & revenue | 205,000 |
| Expenses: | |
| Program Expenses | 49,330 |
| Support & Admin Expenses | 17,750 |
| Development & Fundraising | 656 |
| Total expenses | 67,736 |
| Change in net assets | 137,264 |
| Net assets, beginning of year | – |
| Net assets, end of period | $137,264 |
Catholic Funeral & Cemetery Services of Colorado works with families during one of the most difficult times they will experience to “Fill the Void of Loss with Faith.” In addition to their regular funeral services that are open and offered to anyone, CFCS ministers to the wider community through their indigent burial program and further carries out its mission as a Catholic organization by serving families with resources such as the Crypt of All Souls for cremated remains, and Precious Lives Burials for pre-born children. Below are a few highlights from the 2023-2024 Fiscal Year:
The Archdiocese of Denver Mortuary, located on the grounds of Mount Olivet Cemetery, is a Colorado nonprofit corporation committed to serving the Church as a symbol of the community of faith unbroken by death. The mortuary was established in 1981 to ensure that proper dignity would be provided to the beloved dead and their grieving families, and to offer funeral services at affordable costs to the Catholic community, especially the poor.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $ – | $304,043 |
| Accounts receivable, net | 3,227,497 | 3,840,875 |
| Prepaid expenses & other | 78,762 | 32,148 |
| Restricted investments | 34,205,164 | 37,524,283 |
| Property & equipment, net | 2,888,313 | 2,861,615 |
| Total assets | 40,399,736 | 44,562,964 |
| Liabilities & net assets: | ||
| Accounts payable & accrued liabilities | 1,329,387 | 818,075 |
| Pre-need trust | 23,787,998 | 26,229,827 |
| Notes Payable | – | – |
| Total liabilities | 25,117,385 | 27,047,902 |
| Net assets: | ||
| Without donor restrictions | 15,282,351 | 17,509,062 |
| With donor restrictions | – | 6,000 |
| Total Net Assets | 15,282,351 | 17,515,062 |
| Total liabilities & net assets | $40,399,736 | $44,562,964 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Mortuary sales | $5,236,174 | $5,259,298 |
| Grants & contributions | 2,520 | 43,050 |
| Other Income | 48,468 | 48,894 |
| Investment income/(loss), net | 3,299,156 | 4,084,986 |
| Total support & revenue | 8,586,318 | 9,436,228 |
| Expenses: | ||
| Mortuary operating expenses | 5,224,005 | 5,383,758 |
| Gifts & grants | – | – |
| Support & administrative expenses | 1,537,727 | 1,819,759 |
| Total expenses | 6,761,732 | 7,203,517 |
| Change in net assets | 1,824,586 | 2,232,711 |
| Net assets, beginning of the year | 13,457,765 | 15,282,351 |
| Net assets, end of period | $15,282,351 | $17,515,062 |
St. Simeon Cemetery, located in Aurora, is a Colorado nonprofit corporation that was established in 2000.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $605,774 | $ 1,835,550 |
| Accounts receivable, net of allowances | 826,704 | 1,081,870 |
| Inventories & prepaid assets | 1,284,672 | 1,212,435 |
| Investments | 863,286 | 1,068,745 |
| Property & equipment, net | 4,856,493 | 4,808,745 |
| Total assets | 8,436,929 | 10,007,345 |
| Liabilities & net assets: | ||
| Accounts payable | 169,781 | 870,465 |
| Note payable to Mt. Olivet | 641,780 | 641,780 |
| Deferred revenue | 1,286,378 | 1,530,572 |
| Total liabilities | 2,097,939 | 3,042,817 |
| Net assets: | ||
| Without donor restrictions | 6,338,990 | 6,964,528 |
| With donor restrictions | – | – |
| Total net assets | 6,338,990 | 6,964,528 |
| Total liabilities & net assets | $8,436,929 | $10,007,345 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Cemetery sales | $1,400,070 | $1,820,929 |
| Grants & contributions | 500 | – |
| Investment income/(loss), net | 79,146 | 107,936 |
| Other income | 2,175 | 203,965 |
| Total support & revenue | 1,481,891 | 2,132,830 |
| Expenses: | ||
| Cemetery operating costs | 841,189 | 993,737 |
| Support & administrative expenses | 471,819 | 513,555 |
| Total expenses | 1,313,008 | 1,507,292 |
| Change in net assets | 168,883 | 625,538 |
| Net assets, beginning of the year | 6,170,107 | 6,338,990 |
| Net assets, end of period | $6,338,990 | $6,964,528 |
Mount Olivet Cemetery Association (MTO) is a Colorado nonprofit corporation and is located in Wheat Ridge. It was consecrated in 1891. By burying the dead and comforting the bereaved, the staff of MTO teaches the faithful to look beyond earthly existence and thereby deepen faith in eternal salvation and life everlasting in the Lord.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $ – | $ – |
| Inventories | 3,889,120 | 4,271,790 |
| Accounts receivable, net | 8,318,376 | 9,162,304 |
| Investments, net | 18,434,491 | 19,828,200 |
| Property & equipment, net | 12,679,701 | 12,204,391 |
| Total assets | 43,321,688 |
45,466,685 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 929,591 | 1,922,351 |
| Deferred revenue | 19,179,272 | 20,446,362 |
| Total liabilities | 20,108,863 | 22,368,713 |
| Net assets: | ||
| Without donor restrictions | 23,212,825 | 23,097,972 |
| Total net assets | 23,212,825 | 23,097,972 |
| Total liabilities & net assets | $43,321,688 |
$45,466,685 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Cemetery sales | $9,796,167 | $10,484,108 |
| Grants & contributions | 1,602 | 11,450 |
| Rental & miscellaneous income | 209,526 | 200,016 |
| Investment income/(loss), net | 1,760,449 | 2,090,712 |
| Total support & revenue | 11,767,744 | 12,786,286 |
| Expenses: | ||
| Cemetery operating costs | 8,263,834 | 7,041,420 |
| Support & administrative expenses | 4,836,864 | 5,859,719 |
| Total expenses | 13,100,698 | 12,901,139 |
| Change in net assets | (1,332,954) | (114,853) |
| Net assets, beginning of the year | 24,545,779 | 23,212,825 |
| Net assets, end of period | $23,212,825 | $23,097,972 |
The Perpetual Care Trust funds are dedicated in perpetuity for the ongoing maintenance of the beautiful pastoral setting that characterizes both Mount Olivet and St. Simeon cemeteries.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $897,122 | $1,120,692 |
| Restricted investments | 13,331,071 | 15,010,015 |
| Total assets | 14,228,193 | 16,130,707 |
| Liabilities & net assets: | ||
| Due to other AOD entities | – | – |
| Total liabilities | – | – |
| Net assets: | ||
| Without donor restrictions | 14,228,193 | 16,130,707 |
| Total liabilities & net assets | $14,228,193 | $16,130,707 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Investment income/(loss), net | $1,394,818 | $1,678,944 |
| Grants & contributions | 405,961 | 395,462 |
| Total Support & revenue | 1,800,779 | 2,074,406 |
| Expenses: | ||
| Support & administrative expenses | 165,488 | 171,892 |
| Total expenses | 165,488 | 171,892 |
| Change in net assets | 1,635,291 | 1,902,514 |
| Net assets, beginning of year | 12,592,902 | 14,228,193 |
| Net assets, end of period | $14,228,193 | $16,130,707 |
Camp St. Malo’s (Malo) mission is to provide retreat facilities in an inspirational setting for religious and spiritual gatherings for both youth and adults. Malo preserves the heritage of the original Camp St. Malo, its conference center, the papal visit, and the Chapel on the Rock. Malo also pursues ways to support Catholic summer camps and Catholic outdoor/ecology education and is currently securing a location that would be suitable for the construction of an adult retreat and conference center.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $256,986 | $36,508 |
| Notes Receivable – Other AOD Entities | 5,088,211 | 5,095,113 |
| Inventories & other assets | 47,081 | 61,698 |
| Investments, net | 341,025 | 363,618 |
| Property & equipment, net | 6,599,244 | 6,376,402 |
| Total assets | 12,332,547 | 11,933,339 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 53,578 | 58,835 |
| Due to AOD Organizations | – | – |
| Deferred Revenue | 73,050 | 69,700 |
| Total Liabilities | 126,628 | 128,535 |
| Net assets: | ||
| Without donor restrictions | 12,205,919 | 11,804,804 |
| Total net assets | 12,205,919 | 11,804,804 |
| Total liabilities & net assets | $12,332,547 | $11,933,339 |
| 2023 | 2024 | |
| Revenue: | ||
| Grants & contributions | $713,509 | $183,934 |
| Investment income (loss) | 9,438 | 22,406 |
| Other income | 204,928 | 287,779 |
| Total revenue, net | 927,875 | 494,119 |
| Expenses: | ||
| Administrative & other | 829,212 | 895,234 |
| Total expenses | 829,212 | 895,234 |
| Change in net assets | 98,663 | (401,115) |
| Net assets, beginning of year | 12,107,256 | 12,205,919 |
| Net assets, end of period | $12,205,919 | $11,804,804 |
The mission of Annunciation Heights is to serve, support and evangelize youth and families through its three key ministries: summer youth camp, family camps, and John Paul II Outdoor Lab Faith and Science Program. Annunciation Heights displays the beauty of God’s creation and therefore disposes visitors to encounter the Creator who longs to break through in their lives in a new and transformative way.
Annunciation Heights exists to be a place of transformative encounter with Jesus Christ, so that those they serve may live life fully for the glory of the Father. They do this by fostering experiences of authentic connection immersed in the beauty of God’s creation.
Nathan Glassman assumed full leadership of the camp at the outset of 2024. Building on the solid foundation laid by the previous director and staff, Nathan has sought to take Annunciation Heights to the next level of awareness throughout the archdiocese and beyond. Nathan and his wife Heather moved to the camp in the spring of 2024.
Summer 2024 marked the fifth summer of youth camp, serving 500 campers in six week-long sessions. Additionally, they served 93 families at family camp over five sessions–the most in one season yet. Furthermore, the camp hosted 44 retreats and conferences with over 2700 attendees on site last year.
The Altum Institute Missionary program welcomed its seventh and largest mission class of 13 missionaries to serve at camp. Additionally, the program is pioneering a new international pilgrimage to Rome and Assisi, where the missionaries will be spending multiple days walking into each of these holy cities as a part of their yearlong formation.
This past year has also shown incredible growth in the “Keepers of the Heights” volunteer program and the Camp Ambassador Program to help serve camp’s needs and spread the word about all the camp has to offer. With the weekly, monthly, and seasonal opportunities to serve, there have been thousands of volunteer hours served this year both here at camp and in the local communities of the archdiocese!
Finally, Camp St. Malo welcomed over 60,000 visitors this year. Additional growth includes the addition of a Sunday Mass at St. Catherine’s Chapel for the months between Memorial Day and Labor Day. To top it off, Tahosa Coffee House saw its biggest year yet, serving more drinks and encountering more souls than any year previous.
| 2023 | 2024 | |
| Assets: | ||
| Inventory | $87,770 | $68,599 |
| Due from other AOD | 280 | 9,360 |
| Prepaid expenses & other assets | – | 27,496 |
| Property & equipment, net | 4,150,575 | 5,900,835 |
| Total assets | 4,238,625 | 6,006,290 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 216,714 | 152,478 |
| Due to other related entities | 4,852,309 | 792,740 |
| Deferred Revenue | 234,581 | 247,018 |
| Notes payable | 5,083,837 | 12,487,272 |
| Total liabilities | 10,387,441 | 13,679,508 |
| Net assets: | ||
| Without donor restrictions | (6,266,690) | (7,743,765) |
| With donor restrictions | 117,874 | 70,547 |
| Total net assets | (6,148,816) | (7,673,218) |
| Total liabilities & net assets | $4,238,625 | $6,006,290 |
| 2023 | 2024 | |
| Support: | ||
| Grants & contributions | $352,857 | $230,151 |
| Revenue: | ||
| Program income | 986,873 | 1,163,747 |
| Other Income | 1,545 | 4,078 |
| Total Revenue | 988,418 | 1,167,825 |
| Total Revene & Support | 1,341,275 | 1,397,976 |
| Operating expenses: | ||
| Total Program Expenses | 1,938,799 | 1,667,098 |
| Support & administration | 770,997 | 1,255,280 |
| Total operating expenses | 2,709,796 | 2,922,378 |
| Change in net assets | (1,368,521) | (1,524,402) |
| Net assets, beginning of year | (4,780,295) | (6,148,816) |
| Net assets, end of period | ($6,148,816) | ($7,673,218) |
The Archdiocese of Denver Irrevocable Revolving Fund Trust is a religious and charitable trust organized to build up the Kingdom of God within the territory of the archdiocese. While the trust holds legal title to its assets, the equitable and beneficial owners of its assets belong to, and are owned by each parish and other related ecclesiastical entities participating in the trust. The trust allows parishes and other related entities within the territory of the archdiocese to obtain competitive terms for depositing, withdrawing and borrowing money.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | $29,015,137 | $20,851,960 |
| Prepaid expenses & other | 497 | 494 |
| Loans receivable | 18,639,674 | 24,360,652 |
| Investments, net | 78,935,514 | 91,305,115 |
| Total assets | 126,590,822 | 136,518,221 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 129,756 | 108,386 |
| Saving deposits | 118,161,247 | 126,716,775 |
| Total liabilities | 118,291,003 | 126,825,161 |
| Net assets: | ||
| Without donor restrictions | 8,299,819 | 9,693,060 |
| Total liabilities & net assets | $126,590,822 | $136,518,221 |
| 2023 | 2024 | |
| Interest income: | ||
| Loans, net | $1,149,821 | $1,501,301 |
| Investments, net | 3,397,469 | 5,409,923 |
| Total interest income | 4,547,290 | 6,911,224 |
| Interest expense | 4,008,191 | 6,523,131 |
| Net interest income | 539,099 | 388,093 |
| Realized and unrealized gains (losses) from investments, net | (710,272) | 1,273,300 |
| Other expenses, net: | ||
| Support & administrative expenses | 290,697 | 268,152 |
| Total other expenses | 290,697 | 268,152 |
| Change in net assets | (461,870) | 1,393,241 |
| Net assets, beginning of year | 8,761,689 | 8,299,819 |
| Net assets, end of period | $8,299,819 | $9,693,060 |
The Archdiocese of Denver Risk Management and Property/Casualty Insurance Trust strives to protect parishes and other participating ecclesiastical entities within the territory of the archdiocese from catastrophic financial loss. Prevention and other cost-containment measures are stressed to minimize risk and control plan costs.
| 2023 | 2024 | |
| Assets: | ||
| Cash & cash equivalents | ($1,631,221) | $438,267 |
| Prepaid expenses & other assets | 146,892 | 188,940 |
| Accounts receivable | 2,465,491 | 1,223,315 |
| Due from parishes & other related entities, net | 436,296 | 243,952 |
| Investments | 153,814 | 179,300 |
| Total assets | 1,571,272 | 2,273,774 |
| Liabilities & net assets: | ||
| Accounts payable & accrued expenses | 173,197 | 124,646 |
| Claims payable | 5,186,236 | 4,822,198 |
| Total liabilities | 5,359,433 | 4,946,844 |
| Net assets: | ||
| Without donor restrictions | (3,788,161) | (2,673,070) |
| Total liabilities & net assets | $1,571,272 | $2,273,774 |
| 2023 | 2024 | |
| Support & revenue: | ||
| Self-insurance premiums & insurance billings | $9,176,437 | $11,502,014 |
| Investment income | (14,260) | 25,462 |
| Other income | (83,059) | – |
| Total support & revenue | 9,079,118 | 11,527,476 |
| Expenses: | ||
| Self-insurance claims, premiums, settlements & other costs | 9,529,880 | 9,447,263 |
| Support & administrative expenses | 1,657,970 | 965,122 |
| Total expenses | 11,187,850 | 10,412,385 |
| Change in net assets | (2,108,732) | 1,115,091 |
| Net assets, beginning of year | (1,679,429) | (3,788,161) |
| Net assets, end of period | ($3,788,161) | ($2,673,070) |
The Archdiocese of Denver Welfare Benefits Trust provides access to quality health care to more than 2,000 employee participants, including: (1) archdiocesan, parish and related ecclesiastical entities’ employees, (2) the Diocese of Colorado Springs and the employees of its parishes and related ecclesiastical entities, and (3) Catholic Charities and Community Services of the Archdiocese of Denver, Inc.
| 2023 | 2024 | |
| Assets: | ||
| Cash & short term investments | $719,924 | $3,000,178 |
| Accounts receivable – other | 2,653,694 | 990,504 |
| Investments | 6,595,177 | 7,439,569 |
| Due from parishes & other related entities, net | 444,855 | 1,068,745 |
| Total assets | 10,413,650 | 12,498,996 |
| Liabilities & net assets: | ||
| Accounts payable | 237,289 | 215,000 |
| Deferred revenue | 9,055 | – |
| Claims payable | 4,853,399 | 4,075,400 |
| Total liabilities | 5,099,743 | 4,290,400 |
| Net assets: | ||
| Without donor restrictions | 5,313,907 | 8,208,596 |
| Total liabilities & net assets | $10,413,650 | $12,498,996 |
| 2023 | 2024 | |
| Revenue: | ||
| Self-insurance premiums & insurance | $31,576,316 | $36,483,447 |
| Investment and other income/(loss) | 604,714 | 840,780 |
| Total revenue | 32,181,030 | 37,324,227 |
| Expenses: | ||
| Self-insurance claims, premiums, costs | 33,558,378 | 33,757,130 |
| Support & administrative expenses | 1,002,850 | 672,408 |
| Total expenses | 34,561,228 | 34,429,538 |
| Change in net assets | (2,380,198) | 2,894,689 |
| Net assets, beginning of year | 7,694,105 | 5,313,907 |
| Net assets, end of year | $5,313,907 | $8,208,596 |
