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<\/p>\nMy dear sisters and brothers in Christ,<\/p>\n
As I approach the end of my ministry as the Archbishop of Denver, I am pleased to share this financial report with you. We continued to build according to the commission we discerned: \u201cSo that in Jesus Christ all might be rescued and have abundant life, for the glory of the Father.\u201d Through many exciting initiatives and projects, the mission has advanced throughout this past year.<\/p>\n
In the Holy Priests anchor, we held a fruitful priest convocation on spiritual fatherhood, began a formation program in pastoral supervision and prepared to welcome 27 men into our seminaries for the Archdiocese of Denver.<\/p>\n
In the Equipped Leaders for Mission anchor, we created a first-of-its-kind manual that maps out both how to equip parishioners to evangelize and how to structure the parish in a way that supports and drives the evangelizing mission. We extended the mission more fully into the apostolate through a collaborative gathering of apostolates and ministries in the spring and through the distribution of grants from the Archbishop\u2019s Catholic Appeal, which seek to support new and innovative advancements in our mission.<\/p>\n
As an expression of our Missional Curia anchor, we now have Mission Support Centers serving 17 parish locations, which include four Catholic schools! This model is making the operations of our parishes more efficient for our pastors and providing the lift they need to launch their mission.<\/p>\n
None of this is possible without the incredible generosity of the faithful from all over the archdiocese. On behalf of all those who are served by the Church, thank you!<\/p>\n
May God bless you, and may we remain in him in 2026 and bear much fruit!<\/p>\n[\/vc_column_text][vc_column_text]Sincerely yours in Christ,<\/p>\n
<\/p>\n
Most Reverend Samuel J. Aquila, S.T.L.
\nArchbishop of Denver[\/vc_column_text][vc_column_text][\/vc_column_text][\/toggle][toggle color=”Default” heading_tag=”default” heading_tag_functionality=”default” title=”A Letter from the Finance Council Chair”][vc_column_text css=”” text_direction=”default”]\n
To the faithful of Northern Colorado,<\/p>\n
I greet you in the name of Jesus Christ, the risen Son of God, with gratitude for your continuing support of his Church.<\/p>\n
As members of the Finance Council, we assist Archbishop Aquila and his staff in oversight of the financial and business matters within our archdiocese. In this report, you will find information on the financial affairs of the Archdiocese of Denver during the prior fiscal year.<\/p>\n
2025 was significant in the history of our Church. During this time, the Finance Council addressed such topics as: financial support for our retired priests, repurposing several real estate assets, the financing of our Catholic schools, establishment of several 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.<\/p>\n
We are grateful for the important work of the many parish finance councils, which serve to assist our pastors in the stewardship of the financial matters of our Church.<\/p>\n
Your continued faithfulness and generosity allow our Church to respond to Jesus\u2019 call to discipleship and to support Archbishop Aquila, our shepherd. Thank you.<\/p>\n
Sincerely, Thomas D. Heule<\/p>\n[\/vc_column_text][\/toggle][\/toggles][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f2f2f2″ scene_position=”center” top_padding=”3%” bottom_padding=”0″ text_color=”dark” text_align=”center” row_border_radius=”none” row_border_radius_applies=”bg” row_position_desktop=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” id=”report” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_color=”#0a5540″ shape_divider_position=”bottom” shape_divider_bring_to_front=”true” bg_image_animation=”none” shape_type=”waves_opacity_alt” gradient_type=”default”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” bottom_margin=”-40px” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css=”” text_direction=”default”]Council and Committee Members<\/b>[\/vc_column_text][carousel script=”carouFredSel” easing=”easeInOutQuad”][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” id=”1781805268496-5″ tab_id=”1781805268497-6″ title=”Item”][vc_text_separator title=”Archdiocesan Finance Council” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Most Rev. Samuel J. Aquila S.T.L., Archbishop
\nTom Heule, Chair
\n<\/i>Ed Blieszner, RE
\nAdam Greiner, AAC
\nRobert (Bob) Lazzeri
\nElizabeth (Tizzie) Likovich
\nSusan Murphy, IC
\nAndrew Newland
\nPaul Powers[\/vc_column_text][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” id=”1781805268535-7″ tab_id=”1781805268535-1″ title=”Item”][vc_text_separator title=”Archdiocesan Finance Council” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Kent Stemper
\nRobert Zarlengo ,PFRC
\nMost Rev. Jorge Rodriguez, Ph.D.
\nVery Rev. Randy Dollins, Vicar General
\nVery Rev. Giovanni Capucci, J.V.
\nKeith Parsons
\nDave Kolbet
\nJohn Magee[\/vc_column_text][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” id=”1781805268549-3″ tab_id=”1781805268550-4″ title=”Item”][vc_text_separator title=”Real Estate Committee (RE)” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Ed Blieszner, Chair
\n<\/i>TJ Antinora
\nWorth Carlin
\nJared Carlon
\nVery Rev. Randy Dollins, Vicar General
\nDudley Mitchell
\nErin Smith
\nChris Murdy[\/vc_column_text][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” title=”Item” id=”1781805268559-5″ tab_id=”1781805268559-7″][vc_text_separator title=”Investment Committee (IC)” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Susan Murphy, Chair
\n<\/i>Wyck J. Brown, CFA
\nRev. Jim Crisman
\nNan Hinton
\nChristopher Meyer
\nKeith Parsons[\/vc_column_text][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” id=”1781805268572-9″ tab_id=”1781805268573-6″ title=”Item”][vc_text_separator title=”Accounting & Audit Committee (AAC)” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Adam Greiner, Chair
\n<\/i>Vicki Bogenberger
\nMary Kay Perrotti
\nMelissa Larkin
\nJay Schlipman
\nTim McCormack
\nDrew Marsh
\nKeith Parsons[\/vc_column_text][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” title=”Item” id=”1781805268582-8″ tab_id=”1781805268583-1″][vc_text_separator title=”Project Finance & Review Committee (PFRC)” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Robert (Bob) Zarlengo, Chair
\n<\/i>Rev. Mr. Mark Najarian
\nTom Wanzeck
\nRev. Mr. Robert Hoffman
\nKurt Connolly
\nRev. John Hilton
\nMaggie Torres[\/vc_column_text][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” flickity_bg_image_loading=”default” flex_gap_desktop=”10px” flickity_item_link_type=”regular” title=”Item” id=”1781805268596-4″ tab_id=”1781805268597-0″][vc_text_separator title=”Compensation Committee” css=””][vc_column_text css=”” text_direction=”default” el_class=”councilmembers”]\n
Shannon Syzek, Chair
\n<\/i>Tom Heule
\nJodi Thomas
\nKeith Parsons[\/vc_column_text][\/item][\/carousel][divider line_type=”No Line” custom_height=”60px”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” bottom_padding=”0″ text_color=”dark” text_align=”center” row_border_radius=”none” row_border_radius_applies=”bg” row_position_desktop=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” id=”report” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_color=”#0a5540″ shape_divider_position=”bottom” shape_divider_bring_to_front=”true” bg_image_animation=”none” shape_type=”waves_opacity_alt”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” bottom_margin=”-40px” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][page_submenu alignment=”center” sticky=”true” bg_color=”#00556a” link_color=”#ffffff”][page_link title=”Curia” id=”1781805268640-4″ tab_id=”1781805268640-5″ link_url=”#jp2″][\/page_link][page_link title=”Seminaries” id=”1781805268650-2″ tab_id=”1781805268651-0″ link_url=”#seminaries”][\/page_link][page_link title=”Catholic Education” id=”1781805268656-1″ tab_id=”1781805268657-6″ link_url=”#education”][\/page_link][page_link title=”Cemetery & Mortuary” id=”1781805268660-7″ tab_id=”1781805268661-9″ link_url=”#cemetery-mortuary”][\/page_link][page_link title=”Retreat Centers” id=”1781805268667-1″ tab_id=”1781805268667-1″ link_url=”#retreat”][\/page_link][page_link link_url=”#trust” title=”Trust” id=”1781805268672-9″ tab_id=”1781805268672-5″][vc_column_text][\/vc_column_text][\/page_link][\/page_submenu][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_image=”3794″ bg_image_type=”default” bg_position=”center center” background_image_loading=”default” bg_repeat=”no-repeat” scene_position=”center” top_padding=”7%” bottom_padding=”7%” text_color=”light” text_align=”center” row_border_radius=”none” row_border_radius_applies=”bg” row_position_desktop=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” id=”jp2″ enable_gradient=”true” color_overlay=”#148F77″ color_overlay_2=”#00556A” overlay_strength=”0.8″ gradient_direction=”left_t_to_right_b” enable_shape_divider=”true” shape_divider_color=”#ffffff” shape_divider_position=”bottom” shape_divider_height=”100″ shape_divider_bring_to_front=”true” bg_image_animation=”none” parallax_bg=”true” parallax_bg_speed=”fixed” shape_type=”waves_opacity” gradient_type=”default”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_text_separator title=”CURIA” css=””][vc_custom_heading text=”Archdiocese of Denver, AoD Management Corp,
\nand JPII Center” font_container=”tag:h2|text_align:center|color:%23ffffff” use_theme_fonts=”yes” css=””][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”5%” bottom_padding=”5%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” row_position_desktop=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” id=”overview” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=”” gradient_type=”default”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][toggles style=”minimal” accordion=”true” accordion_starting_functionality=”default”][toggle color=”Extra-Color-1″ heading_tag=”default” heading_tag_functionality=”default” title=”FY Financial And Ministry Overview”][vc_column_text css=”” text_direction=”default”]\n
The Archdiocese of Denver (AOD), Management Corp and the Saint John Paul II Center for the New Evangelization saw significant advancements in mission in FY25. The year was characterized by considerable ministry growth, strategic investments in parish and school support (Mission Support Centers), and targeted funding to strengthen evangelization across Northern Colorado. While the combined entities closed the fiscal year with an operating loss and experienced pressure in several revenue categories, FY25 also marked substantial progress in parish vitality, ministry reach and responsible long-term planning.<\/p>\n[\/vc_column_text][\/toggle][toggle color=”Extra-Color-1″ heading_tag=”default” heading_tag_functionality=”default” title=”Revenue and Support”][vc_column_text css=”” text_direction=”default”]\n
Net revenue from the Archbishop\u2019s Catholic Appeal decreased slightly from the prior year, driven primarily by the timing of Easter. Despite the unfavorable timing effect, donor generosity held firm, and the campaigns raised amounts consistent with FY24. Parish assessment revenue also trailed prior year results due to fewer one-time assessable estate gifts.<\/p>\n
A major bright spot came through grants and contributions, which increased significantly thanks to a $5 million intercompany grant from AOD Mortuaries. These funds supported priority archdiocesan initiatives across schools, evangelization, parish support and social outreach.<\/p>\n
Program and service revenue showed a mixed picture across Curia entities. AOD Management Corp experienced favorable increases as the Mission Support Center (MSC) parish and ministry-support model expanded, resulting in higher cost-sharing reimbursements and service fees. At the same time, AOD\u2019s program revenue dipped because the Steubenville of the Rockies conference did not fall within the FY25 reporting window.<\/p>\n
Additionally, the Archdiocese recognized a $2.1 million non-cash gain in Other Income through the transfer of the Mullen Home property into the newly created Mullen Home Trust, an autonomous trust established to secure the long-term religious and charitable mission of the Mullen Residences. Also see Notes Receivable section under Statement of Financial Position highlights.<\/p>\n
Investment income remained strong year-over-year, supported by favorable market performance and realized gains on investment sales used to fund operations.<\/p>\n[\/vc_column_text][\/toggle][toggle color=”Extra-Color-1″ heading_tag=”default” heading_tag_functionality=”default” title=”Program Investments”][vc_column_text css=”” text_direction=”default”]\n
FY25 saw increased investment in several mission-critical areas.<\/p>\n
Religious education & schools Additionally, Archdiocesan schools made significant strides in fidelity to mission and academic excellence:<\/p>\n Social Development Spiritual & Pastoral Concerns The Mission Support Centers recorded major wins:<\/p>\n Religious & Ordained Ministries Evangelization Catholic Communications Additional staff and investments in communications technology were required to support the growing needs of the Archdiocese and its parishes, including a new secure parish website platform and parish social media platforms. These costs were partially offset by advertising and development activity, and supported by the $10.1 million raised through the Archbishop\u2019s Catholic Appeal.<\/p>\n[\/vc_column_text][\/toggle][toggle color=”Extra-Color-1″ heading_tag=”default” heading_tag_functionality=”default” title=”Statement of Financial Position Highlights”][vc_column_text css=”” text_direction=”default”]\n Cash decreased from the prior year as the Archdiocese funded operating losses and made significant grant payments. However, investment gains and the repayment of the Bishop Machebeuf High School line of credit partially offset these declines.<\/p>\n Notes receivable increased with the creation of the Mullen Home Trust and transfer of the related property to the new entity. The Mullen Home Trust was created to honor the century-long legacy of the Little Sisters of the Poor\u2019s care for the aged while redeveloping the property into the Mullen Residences at the Highlands senior living community. After obtaining the required Vatican approval to remove the Mullen Home from the patrimony of the Archdiocese, the Archdiocese and the Mullen Home Trust agreed to a transfer price of $18.2 million. This amount represented the estimated value of the transferred property plus related costs incurred since receipt of the in-kind property donation, net of related income. The transfer price is to be paid through an interest-free promissory note. This increase was partially offset by the repayment of the Bishop Machebeuf High School line of credit, as well as the paydown of Holy Family High School\u2019s credit facility, which retired the Archdiocese\u2019s related guarantor obligation.<\/p>\n The School Fund, held in trust for parishes and schools, distributed $6.1 million to support archdiocesan schools and educational services.<\/p>\n Additionally, the Archdiocese distributed $2.7 million raised in Special Collections throughout FY25 to various local, national and international causes.<\/p>\n Grants payable rose due to multi-year ministry commitments expected to be disbursed in future periods.<\/p>\n[\/vc_column_text][\/toggle][\/toggles][divider line_type=”No Line” custom_height=”60″][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_text_separator title=”CURIA” css=””][vc_custom_heading text=”Archdiocese of Denver” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes” css=””][vc_column_text css=”” text_direction=”default”]\n 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.<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”20″][vc_custom_heading text=”Statements of Financial Position” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes”][divider line_type=”No Line” custom_height=”20″][vc_column_text css=”” el_class=”addstyletable” text_direction=”default”]\n 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\u2019s 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.<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”20″][vc_custom_heading text=”Statements of Financial Position” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes”][divider line_type=”No Line” custom_height=”20″][vc_column_text css=”” text_direction=”default”]\n 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.<\/p>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_custom_heading text=”Statements of Financial Position” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes”][divider line_type=”No Line” custom_height=”20″][vc_column_text css=”” text_direction=”default”]\n
\n<\/strong>Expenses rose year-over-year as the Archdiocese accrued a multi-year grant payable to Holy Family High School in Broomfield and John Paul the Great High School in Denver (JPG), supporting tuition-gap assistance for Bishop Machebeuf High School transfer students. The Archdiocese will also fund bus transportation for those transfer students to JPG. Additional efforts included:<\/p>\n\n
\n
\n<\/strong>The Archdiocese provided ACA support to Catholic Charities and its charitable ministry across Northern Colorado. It also provided funding for election-related advocacy efforts, including the statewide campaign opposing a pro-abortion ballot initiative.<\/p>\n
\n<\/strong>Program expenses increased due to several large, one-time grants to parishes and ministries across the archdiocese, including support for two new parish builds and operational assistance to the Cathedral Basilica.<\/p>\n\n
\n<\/strong>Expenses increased in the Office of Vocations due to rises in both the cost of support (inflation and market conditions) and the number of seminarians in FY25. The Archdiocese counted 65 seminarians in FY25, a 16% increase from FY24. As FY25 closed, the Vocations Office prepared to welcome an additional 27 men into formation for the Archdiocese of Denver, a record level of enrollment. The Archdiocese also invested in the Called By Name vocation recruitment campaign, various discernment retreats, permanent diaconate formation and annual priest retreats. Additionally, the Archdiocese provided support for infirm or elderly clergy, especially those at the Prophet Elijah House, as well as permanent deacons in need of assistance.<\/p>\n
\n<\/strong>While program costs only increased slightly year-over-year, FY25 was a year of significant momentum in ministry:<\/p>\n\n
\n<\/strong>Communications expenses increased as the Office assumed responsibility for major fundraising and engagement campaigns, including the Archbishop\u2019s Catholic Appeal, the Seminaries\u2019 Appeal, and the Retired Priests\u2019 Appeal. This was the first full year of operations following the transition of campaign responsibilities from Mission Advancement, and the increase was offset by a reduction in Development & fundraising costs.<\/p>\n\n\n
\n <\/td>\n 2025<\/strong><\/span><\/td>\n 2024<\/td>\n<\/tr>\n \n Assets:<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Cash & cash equivalents<\/td>\n $86,623<\/td>\n \u00a0$790,393<\/td>\n<\/tr>\n \n Prepaid expenses & other assets<\/td>\n 808,509<\/td>\n 490,712<\/td>\n<\/tr>\n \n Notes, contributions & accounts receivable, net<\/td>\n 23,247,129<\/td>\n 7,457,556<\/td>\n<\/tr>\n \n Cash held in trust for others<\/td>\n 4,983,985<\/td>\n 3,726,217<\/td>\n<\/tr>\n \n Due from parishes & other related entities, net<\/td>\n 198,696<\/td>\n 123,335<\/td>\n<\/tr>\n \n Investments<\/td>\n 22,675,996<\/td>\n 23,639,790<\/td>\n<\/tr>\n \n Right of use assets under operating leases<\/td>\n 457,440<\/td>\n 722,202<\/td>\n<\/tr>\n \n Property & equipment, net<\/td>\n 37,810,536<\/td>\n 57,196,363<\/td>\n<\/tr>\n \n Total assets<\/strong><\/td>\n 90,268,914<\/strong><\/td>\n 94,146,568<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Liabilities & net assets:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Accounts payable & accrued expenses<\/td>\n $3,253,637<\/td>\n \u00a0$3,144,830<\/td>\n<\/tr>\n \n Funds held in trust for others<\/td>\n 4,983,985<\/td>\n \u00a03,726,217<\/td>\n<\/tr>\n \n Grants Payable<\/td>\n 4,936,417<\/td>\n \u00a03,710,362<\/td>\n<\/tr>\n \n Other liabilities<\/td>\n 1,656,031<\/td>\n \u00a02,264,049<\/td>\n<\/tr>\n \n Notes & bonds payable<\/td>\n 5,762,988<\/td>\n \u00a07,563,344<\/td>\n<\/tr>\n \n Total liabilities<\/strong><\/td>\n 20,593,058<\/td>\n \u00a020,408,802 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Net assets:<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Without donor restrictions<\/td>\n $54,876,860<\/td>\n 59,551,766<\/td>\n<\/tr>\n \n With donor restrictions<\/td>\n 14,798,996<\/td>\n \u00a014,186,000<\/td>\n<\/tr>\n \n Total net assets<\/strong><\/td>\n 69,675,856<\/strong><\/td>\n \u00a0<\/span>73,737,766<\/span> <\/span><\/strong><\/td>\n<\/tr>\n \n Total liabilities & net assets<\/strong><\/td>\n $90,268,914<\/strong><\/td>\n \u00a0<\/strong><\/span>$94,146,568<\/span> <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][divider line_type=”No Line” custom_height=”20″][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”20″][vc_custom_heading text=”Statements of Activities” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes”][divider line_type=”No Line” custom_height=”20″][vc_column_text css=”” text_direction=”default”]\n \n\n
\n <\/td>\n 2025<\/strong><\/span><\/td>\n 2024<\/td>\n<\/tr>\n \n Support & revenue:<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Archbishop\u2019s Catholic Appeal contributions, net<\/td>\n \u00a0$10,128,464<\/td>\n \u00a0$10,460,439<\/td>\n<\/tr>\n \n Parish assessments, net<\/td>\n 8,528,804<\/td>\n \u00a08,823,667<\/td>\n<\/tr>\n \n Grants & contributions<\/td>\n 8,511,378<\/td>\n 3,056,631<\/td>\n<\/tr>\n \n Total support<\/strong><\/td>\n 27,168,646<\/strong><\/td>\n \u00a022,340,737 <\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Revenue:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Advertising<\/td>\n 314,921<\/td>\n \u00a0331,534<\/td>\n<\/tr>\n \n Program & service, net<\/td>\n 2,910,656<\/td>\n \u00a03,822,041<\/td>\n<\/tr>\n \n Other income<\/td>\n 4,841,021<\/td>\n 2,705,430<\/td>\n<\/tr>\n \n Investment income\/(loss), net<\/td>\n 3,437,139<\/td>\n 3,014,291<\/td>\n<\/tr>\n \n Total revenue<\/strong><\/td>\n 11,503,737<\/strong><\/td>\n \u00a09,873,296 <\/strong><\/span><\/td>\n<\/tr>\n \n Total support & revenue<\/strong><\/td>\n 38,672,383<\/strong><\/td>\n \u00a032,214,033 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Expenses:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Religious education & schools<\/td>\n 7,926,037<\/td>\n 7,264,468<\/td>\n<\/tr>\n \n Social development<\/td>\n 3,297,120<\/td>\n \u00a03,877,414<\/td>\n<\/tr>\n \n Spiritual & pastoral concerns<\/td>\n 8,282,549<\/td>\n \u00a04,132,843<\/td>\n<\/tr>\n \n Religious & ordained ministries<\/td>\n 7,337,711<\/td>\n \u00a05,997,135<\/td>\n<\/tr>\n \n Evangelization<\/td>\n 3,338,708<\/td>\n \u00a03,128,805<\/td>\n<\/tr>\n \n Catholic communications<\/td>\n 4,316,850<\/td>\n \u00a03,584,740<\/td>\n<\/tr>\n \n Total program expenses<\/strong><\/td>\n 34,498,975<\/strong><\/td>\n \u00a027,985,405 <\/strong><\/span><\/td>\n<\/tr>\n \n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Support & administrative expenses<\/td>\n 3,049,667<\/td>\n \u00a02,678,933<\/td>\n<\/tr>\n \n Development & fundraising<\/td>\n 5,185,651<\/td>\n \u00a05,779,827<\/td>\n<\/tr>\n \n Total expenses<\/strong><\/td>\n 42,734,293<\/strong><\/td>\n \u00a036,444,165 <\/strong><\/span><\/td>\n<\/tr>\n \n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Change in net assets<\/strong><\/td>\n (4,061,910)<\/strong><\/td>\n \u00a0(4,230,132)<\/strong><\/span><\/td>\n<\/tr>\n \n Net assets, beginning of year<\/td>\n 73,737,766<\/td>\n \u00a077,967,898<\/td>\n<\/tr>\n \n Net assets, end of period<\/strong><\/td>\n \u00a0 $69,675,856<\/strong><\/td>\n $73,737,766<\/span> <\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][divider line_type=”No Line” custom_height=”20″][\/vc_column_inner][\/vc_row_inner][divider line_type=”No Line” custom_height=”60″][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_text_separator title=”CURIA” css=””][vc_custom_heading text=”The St. John Paul II Center for the New Evangelization” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text css=”” text_direction=”default”]\n \n\n
\n <\/td>\n 2025<\/strong><\/span><\/td>\n 2024<\/td>\n<\/tr>\n \n Assets:<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Prepaid expenses & other assets<\/td>\n $ 77,356<\/td>\n $23,482<\/td>\n<\/tr>\n \n Property & equipment, net<\/td>\n 2,324,206<\/td>\n 2,322,782<\/td>\n<\/tr>\n \n Total Assets<\/strong><\/td>\n 2,401,562<\/strong><\/td>\n \u00a02,346,264 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Liabilities & net assets:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Accounts payable & accrued expenses<\/td>\n 35,970<\/td>\n \u00a045,303<\/td>\n<\/tr>\n \n Total Liabilities<\/td>\n 35,970<\/strong><\/td>\n \u00a045,303<\/span><\/span> <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Net assets:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Without donor restrictions<\/td>\n 2,257,983<\/td>\n 2,300,961<\/td>\n<\/tr>\n \n With donor restrictions<\/td>\n 107,609<\/td>\n –<\/b><\/span><\/td>\n<\/tr>\n \n Total net assets<\/td>\n 2,365,592<\/td>\n 2,300,961<\/td>\n<\/tr>\n \n Total liabilities & net assets<\/strong><\/td>\n $2,401,562<\/strong><\/td>\n $2,346,264<\/span> <\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][divider line_type=”No Line” custom_height=”20″][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][divider line_type=”No Line” custom_height=”20″][vc_custom_heading text=”Statements of Activities” font_container=”tag:h4|text_align:center” use_theme_fonts=”yes”][divider line_type=”No Line” custom_height=”20″][vc_column_text css=”” text_direction=”default”]\n \n\n
\n <\/td>\n 2025<\/strong><\/span><\/td>\n 2024<\/td>\n<\/tr>\n \n Revenue:<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Grants & contributions<\/td>\n $ 110,310<\/td>\n $ –<\/td>\n<\/tr>\n \n Total revenue<\/strong><\/td>\n 110,310<\/strong><\/td>\n \u00a0–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Expenses:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Program expenses – depreciation<\/td>\n 45,679<\/td>\n \u00a012,575<\/td>\n<\/tr>\n \n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Change in net assets<\/strong><\/td>\n 64,631<\/strong><\/td>\n \u00a0(12,575)<\/strong><\/span><\/td>\n<\/tr>\n \n Net assets, beginning of year<\/td>\n 2,300,961<\/td>\n 2,313,536<\/td>\n<\/tr>\n \n Net assets, end of period<\/strong><\/td>\n $2,365,592<\/strong><\/td>\n \u00a0$2,300,961 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/vc_column_text][divider line_type=”No Line” custom_height=”20″][\/vc_column_inner][\/vc_row_inner][divider line_type=”No Line” custom_height=”60″][vc_row_inner column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” flex_gap_desktop=”10px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_text_separator title=”CURIA” css=””][vc_custom_heading text=”Archdiocese of Denver Management Corporation” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text css=”” text_direction=”default”]\n \n\n
\n <\/td>\n 2025<\/strong><\/span><\/td>\n 2024<\/td>\n<\/tr>\n \n Assets:<\/span><\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Cash & cash equivalents<\/td>\n $ –<\/td>\n $ –<\/td>\n<\/tr>\n \n Prepaid expenses & other assets<\/td>\n 362,171<\/td>\n 26,807<\/td>\n<\/tr>\n \n Accounts &\u2008other receivables, net<\/td>\n 171,563<\/td>\n \u00a099,793<\/td>\n<\/tr>\n \n Property & equipment, net<\/td>\n 311,744<\/td>\n \u00a045,433<\/td>\n<\/tr>\n \n Total assets<\/strong><\/td>\n 845,478<\/strong><\/td>\n \u00a0