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ANNUAL REPORT of the DIOCESE OF METUCHEN Fiscal year July 1, 2012 to June 30, 2013

ANNUAL REPORT of the DIOCESE OF METUCHEN

Dear Sisters and Brothers,

Each year, I ask all clergy, religious and laypersons of the Diocese of Metuchen to support the Bishop’s Annual Appeal, which funds many programs, services and ministries of our local Church. As your shepherd, I am pleased to share with you that during the 2012-2013 Fiscal Year your gifts combined with diocesan invest-ments, assessments and other revenues truly made a positive difference in the lives of many and sustained the work of our diocesan departments and offices.

Ongoing efforts of our Office for Vocations resulted in my acceptance of four men for priestly studies beginning in the Fall of 2012 and the priesthood ordination of three men in May 2013. In September 2012, 19 men from 17 parishes throughout the diocese became candidates for the permanent diaconate. Members of the diaconate Class of 2015 are the first in the diocese who began to pursue a Master of Arts degree in Theology at the Im-maculate Conception Seminary at Seton Hall University, South Orange. They continue to receive ministerial, spiritual and academic formation under the Office of the Diaconate, which is supported by your generosity.

In addition to our popular weekly senior Bible study sessions, the Office of Family Life’s ministry to maturing Catholics continues to flourish as it offers a number of enrichment programs for adults age 55 and older, including senior study and spirituality days and an annual Celebrate Life Day. In ad-dition to Marriage Preparation programs, the office offers formation courses in Natural Family Planning and Theology of the Body – in both English and Spanish – as well as several healing programs for those who are widowed, separated and divorced.

With a focus on the New Evangelization, the Department of Formation and Leadership continued to provide education and formation oppor-tunities for catechists and lay leaders leading up to and throughout the Year of Faith, which began Oct. 11, 2012. The department launched a comprehensive Year of Faith website filled with resources and hosted a Faith Formation Convocation on the topic of the New Evangelization, with talks presented by Ralph Martin. In partnership with the College of St. Elizabeth, the Office of Lay Ministry and Leadership launched a formation program for Spanish-speaking parish leaders. The Office for Catechesis ran an eight-part adult faith-formation series on the teachings of the Catechism of the Catholic Church and the Office for Evangelization hosted an apologetics seminar, presented by Patrick Madrid, which focused on inviting lapsed Catholics back to the Church. Also, hundreds of people from all around our diocese journeyed through Rite of Christian Initiation of Adults programs in their parishes, whose ministry leaders are trained, guided and supported by the Office of RCIA.

Seeking to promote a “culture of life” at all times and in all places, the Office of Respect for Life continued its ongoing efforts to share the Catholic perspective on critical life issues and to honor those who are active in pro-life ministry. Defending the rights of the unborn, 40 years after the Roe v. Wade decision, diocesan representatives participated in the annual March for Life in Washington D.C., as well as the Mass and Rally for Life in Trenton, N.J. The Respect for Life office continues its work to defeat the proposed doctor-assisted suicide bill in our state and to defend and preserve religious liberty in our nation; it seeks to educate the public on these policy issues and activate a grassroots response.

Continuing its efforts to engage, enlighten and learn from younger Catholics, the diocesan Office of Youth and Young Adult Ministry sponsored its sixth an-nual youth ambassador trip to Guatemala as part of the diocese’s Global Solidarity partnership with the Diocese of Santa Rosa de Lima; hosted the diocese’s second annual Young Adult Summit; and launched ‘Jesus and Java,’ a monthly faith and fellowship gathering for young adults in their 20s and 30s. The office also recognized high school students for outstanding service to their families, communities, schools and parishes during the annual Diocesan Youth Awards ceremony, and hosted both the Diocesan Youth Day and the NJ Catholic Youth Rally.

These are just some examples of the important programs, services and ministries that are funded through the annual appeal. There are many other good works that take place each and every day here in our diocese. I invite you to learn more about them through our diocesan newspaper, The Catholic Spirit, available both in print and online, and our diocesan website http://diometuchen.org.

Each day, as we work together to bring people closer to the heart of Christ, I offer praise and thanksgiving to God, Our Heavenly Father for the many blessings He bestows upon our diocese and for the generosity of all the people who make His work possible.

Sincerely in the Lord,

Most Reverend Paul G. Bootkoski Bishop of Metuchen

This fund includes all resources available for current support of diocesan operations. Exclusive of the Office of the Bishop, the Office of the Vicar General, the Office of the Chancellor, the Office of Child and Youth Protection, The Tribunal, the Office of Human Resources, and the Office of Internal Audit. All other diocesan service agencies have been organized for the purpose of administrative effectiveness and efficiency under a system of eight departments for the apostolate.

Each department is a network of offices, commissions and organizations whose major purposes and functions foster the development of a particular ministry or apostolate on the diocesan level. The eight departments for the apostolate are the Department of Administrative Services, the Department of Catholic Social Service, the Department of Education, the Department of Clergy and Religious Personnel, the Department of Pastoral Life, the Department of Formation and Leadership, the Department of Stewardship and Development and the Department of Diocesan Planning.

Total Department Office ExpensesNon-School Parish SubsidySchool SubsidiesProvision for Doubtful Accounts and Miscellaneous ExpensesCatholic Charities SubsidyAssessments, Catholic Conferences and Vatican

Total

Actual2012-2013

$13,622,092960,800

1,350,000

472,2601,900,000

249,010

$18,544,162

%_

73.4%5.2%7.3%

2.5%10.2%

1.3%

100.0%

ORDINARY EXPENDITURES

ORDINARY REVENUE

Ordinary Revenue

AssessmentsBishops’s AppealDepartment Program RevenueOther Income

Total

Actual2011-2012

$ 7,850,8916,985,127

2,476,811380,907

_________$17,693,736

%

44.4%39.5%

14.0%2.2%

______100.0%

FINANCIAL DISCLOSURES

ANNUAL REPORTof the DIOCESE OF METUCHEN

The exhibited financial statements in this publication represent the assets, liabilities, net assets and financial activities of the central operations of the Diocese of Metuchen. It comprises all departments, offices, and units that provide services at the diocesan level of administration and are fiscally responsible to the bishop of the Diocese. These activities are maintained in accordance with the principals of fund accounting to ensure observance of limitations and restrictions placed on the use of resources made available to the diocese. In this regard, resources are classified for accounting and reporting purposes into self-balancing fund groups in compliance with the nature and purpose of such resources.

The financial statements presented herein are excerpted from the Annual Report for the fiscal year ended June 30, 2013 as prepared by the accounting firm of Donohue, Gironda and Doria, CPAs. The referenced Annual Report is on file at the St. John Neumann Pastoral Center, Piscataway, and is made available upon request.

Thomas G. ToolanDirector of Finance

OPERATING FUND

Assessments

Interest on Operating Fund Investments and Other Income

Bishop’s Appeal

Department Program Revenue

Total Department/Office

Expenses

Provision for Doubtful Accounts

& Miscellaneous Expense

Non-School Parish Subsidy

Assessments, Catholic Conferences

& Vatican

Catholic Charities Subsidy

School Subsidies

DEPARTMENT/OFFICE

BISHOPRICVICAR GENERAL AND MODERATOR OF THE CURIAOFFICE OF THE CHANCELLORTHE TRIBUNALOFFICE OF CHILD AND YOUTH PROTECTIONOFFICE OF INTERNAL AUDITOFFICE OF HUMAN RESOURCES

DEPARTMENTSADMINISTRATIVE SERVICES Office of Finance Office of Information Systems Office of Insurance Office of Property and Facilities Management Diocesan Center Operations Catering Services TOTAL

STEWARDSHIP AND DEVELOPMENT Office of the Executive Director Bishop’s Appeal Major Gifts/Planned Giving Office of Stewardship TOTAL

SOCIAL SERVICES Catholic Charities, Diocese of Metuchen TOTAL

EDUCATION Office of the Executive Director Office of Schools School Subsidies New Jersey Network of Catholic School Families Catholic Scouting Apostolate TOTAL

EXPENSE

628,950

156,770598,910375,317

162,189315,721314,517

809,807536,506

78,936

244,5301,490,800 56,0273,216,606

663,461770,502

23,685 116,304

1,573,952

1,900,0001,900,000

67,256

626,8922,310,800

31,222 8,603

3,044,773

% of TOTAL

3.5%

0.9%3.4%2.1%

0.9%1.8%1.8%

4.6%3.0%0.4%

1.4%8.4%

0.3%18.1%

3.7%4.3%0.1%

0.7%8.9%

10.7%10.7%

0.4%3.5%

13.0%

0.2% 0.0% 17.1%

ORDINARY EXPENDITURES

Continued on next page


In the wake of Hurricane Sandy, Catholic Charities, Diocese of Metuchen, responded immediately to the need for relief. Above, Maria Hunter, director, Office of Parish Social Ministry, Catholic Charities, and Father Thomas F. Ryan, pastor of Our Lady of Victories Parish, Sayreville, aided those hard hit. In the aftermath aid came in the form of temporary shelter, basic supplies and counseling. —Joanne Ward photo

The Diocese of Metuchen launched a “Year of Faith” to help parishioners deepen their spirituality and to better under-stand their roles as evangelizers. Masses were celebrat-ed throughout the diocese, including St. James Church, Basking Ridge (above). To further support the effort, a website was designed and launched by the Department of Formation and Leadership. — Joanne Ward, photo

ORDINARY EXPENDITURES cont’d

DEPARTMENT/OFFICE

CLERGY AND RELIGIOUS PERSONNEL Office of the Executive Director Office of the Permanent Diaconate Office for Religious Office of Vocations Office of Ministry to Priests Office of Hospital Ministry The Maria Regina Residence Priest Advanced Study St. John Vianney House of Discernment Office of Prison Ministry Bethany Ridge Spirituality Center TOTAL

PASTORAL LIFE Office of the Executive Director Office of Family Life Ministry Office for Hispanic Ministry Office for Multi-Cultural Ministries Office of Respect for Life TOTAL

FORMATION AND LEADERSHIP Office of the Executive Director Office of Parish Leadership Formation Office of RCIA Office of Evangalization Office of Youth and Young Adult Ministry Office for Catechesis Office of Worship and Liturgical Formation Campus Ministry Emmaus House TOTAL

DIOCESAN PLANNING AND COMMUNICATIONS Office of Strategic Planning Office of Communications TOTAL

GRAND TOTAL

EXPENSE

396,386123,041

25,047517,903

21,190572,656366,852

12,050138,884

57,483 78,9732,310,465

70,641256,439204,026

75,494 175,331

781,931

90,390119,114

90,717256,641291,096243,681199,730622,210

13,2891,926,858

345,065 106,929

451,994

17,758,953

% of TOTAL

2.2%0.7%0.1%2.9%0.1%3.2%2.1%0.1%0.8%0.3%

0.4% 13.0%

0.4%1.4%1.1%0.4%

1.0% 4.4%

0.5%0.7%0.5%1.4%1.6%1.4%1.1%3.5%

0.1% 10.9%

1.9% 0.6%

2.5%

100.0%


The first Mass in the newly-formed Most Holy Name of Jesus Parish, Perth Amboy, was held July 14, 2012. As part of the diocese’s Renewing the Church process, three new parish-es were formed in Perth Amboy by merging eight existing parishes. Now serving nearly 5,000 faithful are Blessed John Paul II; Good Shepherd, and Most Holy Name of Jesus parishes. — Mike Ehrmann, photo

A bi-lingual Mass, celebrated at Immaculate Conception Church, Somerville, was held for the intentions of immigrants. The litur-gy was also a show of solidarity with the United States Catholic Conference of Bishops’ endorsement for comprehensive immigration reform. — John Batkowski photo

ANNUAL REPORT of the DIOCESE OF METUCHEN — CENTRAL OPERATIONS for FISCAL YEAR JULY 1, 2012 to JUNE 30, 2013

Cemetery Funds

support and revenue

plant Funds

endowment & similar

Funds

operating

Fund

insuranCe & pension

Fund

2012 total

all Funds

2013 total

all Funds

$ 500

3,276,61835,222

305,785

55,455

7,767

$ 3,681,347

Assessment RevenueEndowments, Donations and BequestsPledge ContributionsTemporary Restricted RevenueChange in Value of Charitable Remainder TrustCemetery Burials and Perpetual CareInvestment IncomeIncome from FinancingProgram Revenues from DepartmentsGain/(Loss) on Sale of Land, Building and EquipmentNet Unrealized and Realized Gain/(Loss) on Long Term InvestmentsGain/(Loss) on Interest Rate Swap ObligationRental IncomeCatering IncomeMiscellaneous Income

total revenue

$

27,682

82,074

1,000

$ 110,756

Custodian

Funds

$

$ 0

$ 550,097

333,040

17,875

432,421

3,817,984

$ 5,151,417

parish assistanCe

Fund

$

392,401

2,116,548

$ 2,508,949

CatholiC spirit

Fund

$ 60,450

327,942

12,348

$ 400,740

$ 7,850,891268,533

6,985,127854,355

86

1,622,456

(75)

16,50040,594

55,270

$ 17,693,737

$ 273,042

242,339

9,624,506

2,209,060

15,303

$ 12,364,250

$ 7,850,8911,152,6226,985,1271,187,395

17,8753,276,6181,130,151

991,18511,574,904

82,074

8,550,446

1,894,21371,95540,594

91,688

$ 44,897,738

$ 7,466,5891,554,5436,564,364

96,560

(12,748)4,399,3771,035,6191,210,6077,441,683

(97)

(1,242,004)

(2,369,772) 76,800

23,24419,329

$ 26,264,094

eda Bond Fund

$

991,185

101,144

1,894,213

$ 2,986,542

$

2,075,088

388,706

36,376

$ 2,500,170

expensesOffice of the BishopVicar General and Moderator of the Curia Office of the ChancellorThe Tribunal Office of Child and Youth ProtectionOffice of Human ResourcesOffice of Internal AuditDepartments: Charities and Social Ministry Education Personnel in Ministry Pastoral Life Administration Formation and Leadership Stewardship and Development Diocesan Planning & CommunicGenerous DioceseFundraising Expense - GolfCost of Crypt SalesInterest ExpenseSubsidies - Diocesan/Parochial High SchoolsDepreciationAmortization ExpenseProvision for Doubtful Accounts Assessments by Catholic Conferences (NJCC, USCC)Assessment by VaticanNet Periodic Pension CostNet Periodic Postretirement Benefit CostMiscellaneous Expense

total expenses

$

175,166

1,246,448

$ 1,421,614

$

$ 0

$

16,853792,247

15,1672,919

384,474

$ 1,211,660

$

99,327

1,328,037

268,368

$ 1,695,732

$

599,198

385

$ 599,583

$ 628,950 156,770598,910375,317162,189314,517315,721

1,900,000733,974

2,310,465781,931

3,216,6091,926,8601,559,639

451,99347,20941,037

2,310,800

472,260

184,01065,000

1

$ 18,554,162

$

569,687

337,809

2,249,846

736,689

$ 3,894,031

$ 628,950156,770598,910375,317162,189314,517315,721

1,916,8531,526,2212,325,632

784,8507,154,8251,926,8601,559,639

451,99347,20941,037

388,7062,594,588

2,310,8001,282,824

21,4141,178,822

184,01065,000

2,249,846

736,6891

$ 31,300,193

$ 459,683158,157698,111344,678177,041

0242,797

1,878,1551,662,2412,196,495

753,71712,302,425

1,960,5551,382,384

383,73082,31614,313

807,0352,328,455

2,447,4331,187,298

21,414885,815

201,69665,000

4,390,269

1,899,520632

$ 38,931,366

$

35,276

1,266,551

21,414100,000

$ 1,423,242

$ 1,181,177

(54,994)

1,126,18313,849,806

$ 14,975,989

Excess (Deficiency) of Support and Revenue Over Expenses Transfers: Cash and Other Transfers Excess (Deficiency) of Support and Revenue Over Expenses After TransfersNet Assets, Beginning of Year

net assets end oF year

$(1,310,858)

211,709

(1,099,149) 24,516,926

$23,417,777

$ 0

0

0 0

$ 0

$ 3,939,757

(1,114,918)

2,824,839 31,679,682

$ 34,504,521

$ 813,217

813,217 (369,619)

$ 443,598

$ (198,843)

203,000

4,157 (1,052,646)

$(1,048,489)

$ (860,425)

1,755,203

894,778 (1,264,887)

$ (370,109)

$ 8,470,219

( 1,000,000)

7,470,219 343,788

$ 7,814,007

$ 13,597,545

13,597,545 61,515,404

$ 75,112,949

$ (12,967,558)

(12,967,558) 74,182,676

$ 61,215,118

$ 1,563,301

1,563,301(6,187,646)

$ (4,624,345)

liaBilities and Fund BalanCes

Accounts Payable and Accrued ExpensesDeferred Support and RevenueNotes PayableDue to Other FundsSwap Obligation PayableEDA Bond PayableLiability Under Unitrust AgreementFunds Held for OthersAccrued Pension PayableAccrued Postretirement Benefits Payable Net Assets

total liaBilities and Fund BalanCe

2012 total

all Funds

2012 total

all Funds

$ 394,4293,507,097

24,836,3751,107,6116,252,589

25,600,000

133,062401,091

18,145,538

10,284,324 61,515,404

$ 152,177,520

insuranCe & pension Fund

insuranCe & pension

Fund

$ 52,8673,174,493

292,78913,582,146

8,652,6847,814,007

$ 33,568,986

$ 6,998,400

21,021,974

5,220,898

593,738

(266,024)

$ 33,568,986

Cash and Cash EquivalentsAssets Held in Split Interest Agreements InvestmentsAccounts ReceivablePledges Receivable - BAAPledges ReceivableAssessments Receivable, Less Allowance for Doubtful Accounts of $1,767,737 and $2,035,195Insurance and Pension Receivable, Less Allowance for Doubtful Accounts of $1,413,224 and $2,100,664Accrued Interest ReceivableNotes and Loans Receivable, Less Allowance for Doubtful Accounts of $200,000 and $100,000Notes and Loans Receivable Less Allowance for Doubtful Accounts of $606,458 and $488,090Cash Surrender Value - Clergy Life InsuranceDue from Other FundsPrepaid Expenses and Other AssetsInventory of CryptsDeferred Costs of Issuance - EDA Bond Land, Buildings and Equipment, Less Accumulated Depreciation of $20,158,221 and $18,951,665

total assets

assetsoperating

Fund

$(3,934,458)

225,708757,520

1,165,500

971,305

610,676

$ (203,749)

operating

Fund

$ 161,9794,261

120

(370,109)

$ (203,749)

2013total

all Funds

$ 8,041,055

445,53480,790,633

920,952757,520243,054

1,165,500

5,220,898408,285

19,063,038

8,119,986

593,7381,107,731

352,9687,888,821

369,392

24,951,941

$ 160,441,046

2013 total

all Funds

$ 249,6863,876,152

27,755,3321,107,7314,358,376

24,670,000

135,416940,574

13,582,146

8,652,684 75,112,949

$ 160,441,046

$ 6,853,570

425,30666,876,811

762,58113,798

293,175

1,092,824

5,249,596292,158

23,972,023

6,999,066

3,476,2361,107,611

363,9778,108,913

390,806

25,899,069

$ 152,177,520

eda Bond Fund

$ 967,460

3,840,371

163,770

19,063,038

369,392

$ 24,404,031

eda Bond Fund

$

4,358,37624,670,000

(4,624,345)

$ 24,404,031

Cemetery Funds

$ 2,675,959

3,110,456

671,449

7,888,821

1,327,745

$15,674,430

Cemetery

Funds

$ 31,495666,946

14,975,989

$15,674,430

endowment & similar

Funds

$ 1,082,610

445,53432,791,433

243,054

136,306

$ 34,698,937

endowment & similar

Funds

$ 9,000

50,000

135,416

34,504,521

$ 34,698,937

Custodian

Fund

$ 647,665

120

$ 647,785

Custodian

Fund

$

647,785

$ 647,785

plant Funds

$ (712,277)

505,858

23,624,196

$ 23,417,777

plant Funds

$

23,417,777

$ 23,417,777

parish assistanCe

Fund

$ 313,888

20,026,399

244,515

7,614,128

$28,198,930

parish assistanCe

Fund

$

27,755,332

443,598

$28,198,930

CatholiC spirit

Fund

$ 1,808

23,795

8,316

$ 33,919

CatholiC spirit

Fund

$ 3,34521,452

1,057,611

(1,048,489)

$ 33,919

StatementS of financial PoSition — June 30, 2013 and 2012 StatementS of SuPPort and revenue, exPenSeS, tranSferS and changeS in fund Balance


Priestly Education Endowment • Grants are issued to help support the diocesan operational budget for seminarian education. • In fiscal year 2012-2013 the total amount of grantsissuedwas$50,000eventhoughthetotalcostfor seminarian education was $350,525. The costof seminarian education does not include priest-advanced study, priest continuing education, priestSpanishorEnglishstudies,ordiaconateeducation.

Foundation for Catholic Education • Grants are issued each year to provide tuition assistancetoneedyfamilieswithinourdiocesewhosechildrenattenddiocesanschoolsandtohelpdefraythecostof tuitionbyonethirdforeducatorsof religiouseducation. • Infiscal year 2012-2013, the grants issued funded27.4%of afamily’scalculatedneed.Theminimumgrantwas$300forafamily’sfirstchildinelementaryschooland$600forafamily’schild inhighschool.Themaximumgrantwas$1,100fora family’sfirstchild inelementaryschooland$2,300forafamily’schildinhighschool. •The total issued in tuitionassistancegrants forfiscalyear2012-2013was$754,900.

Fund for the Future Endowment •Grantsareissuedeachyeartohelpreimburseorfund parishes or the Plant Fund for the purchases of future parish sites. • In fiscal year 2012-2013 a grant was issued for$200,000tohelpsupportthecurrentfundbudget.

Perth Amboy Catholic School Endowment •GrantsareissuedeachyeardirectlytoPerthAm-boyCatholicSchoolforoperationalsubsidy. •Infiscalyear2012-2013thetotalamountof thegrantissuedtoPACSwas$100,000.TheamounttheDiocesehadtosubsidizePACSinthefiscalyear2012-2013ontopof thisgrantwas$600,000.

Maria Regina Residence Endowment •Grantsareissuedeachyeartohelpsupportthediocesan operational budget for the operations of the MariaReginaResidence,thepriestretirementhome. • In fiscal year 2012-2013 the total amount of grantsissuedwas$100,000,andthetotalcostforop-eratingtheMariaReginaResidencewas$366,852.

ENDOWMENTS AND SIMILAR FUNDSEndowmentandSimilarFundsrepresentsendowmentsestablishedbytheDioceseof Metuchenandresourcesobtainedfromendow-ments,gifts,andbequests.Thisfundisutilizedtorecordandmaintainthefinancialactivitiesof theseendowments.Thesefundsareinvestedanddesignatedforspecificpurposes.TheCorpusof eachendowmentisincreasedeachyearby10%of theinterest/dividendsandnetgainsoninvestmentsgeneratedinthatfiscalyearforthatparticularendowmentplus100%of alldonationsmadedirectlytotheendowmentitself.Thedifference,90%of theyearlyinterest/dividendsandnetgainsoninvestmentsgeneratedinthatfiscalyearareusedtoissuegrants.Thereare10endowments:

Flame of Charity Foundation •GrantsareissuedeachyeartoCatholicCharitiesforoperationsfromtheprofitsgeneratedfromtheFlameof CharityDinner. •Infiscalyear2012-2013thegrantissuedwasintheamountof $177,429.

Reserve Endowment•Grantsare issuedeachyeartohelpsupportthe

operatingbudgetandtohelppayfortheloantakentoconstructImmaculateConceptionSchool,Clinton.Infiscalyear2012-2013,thetotalamountof grantsissuedamountedto$830,286representing$280,286inpartialpaymentsfortheconstructionof ImmaculateConcep-tionSchool,Clinton,and$550,000tohelpsupportthediocesan budget.

The Catholic Center at Rutgers •ThisendowmentwassetupfromtheInServiceto theKingdomCampaign.Thepurposewas topayfortheconstructionandrenovationof anewCampusMinistryCenterinNewBrunswick. • In fiscal year 2012-2013, this endowment wasusedtorecordtheactivityforthecapitalcampaignatRutgers.

Respect for Life Endowment •Grantsareissuedeachyeartohelpsupportthedioc-esanoperationalbudgetfortheoperationsof theOfficeof Respect for Life. •Infiscalyear2012-2013,thetotalamountof grantsissuedwas$25,000andthetotalcosttoruntheofficewas$175,331.

Catholic Charities Endowment •Grantsare issuedeachyear tohelp support thediocesan operational budget for the subsidy paid toCatholicCharities,Dioceseof Metuchen. • In fiscal year 2012-2013, the total amount of grants issued was $125,000. The amount the dio-cesehad to subsidizeCatholicCharities in thefiscalyear 2012-2013 on top of this grant ($125,000) andadditional Catholic Charities fundraising events of $302,589was$1,472,411.


Insurance and Pension FundThis fund is utilized to record, maintain, and report the financial position of the varied diocesan insurance programs and certain pension plan assets administered by the diocese. These insurance programs include the clergy health, and life insurance plans, the lay health and life insurance plans, and the property, liability, and auto insurance plan.

Revenue to this fund is primarily derived from interest income on investments and the excess of premiums received from billings to parishes over premiums paid to insurance carriers for that coverage. Expenses of this fund are related to the maintenance and payment of claims, the office staff, and the professional services rendered to administer the plans.

The Catholic Spirit FundThis fund is utilized to record, maintain, and report the financial activities and position of the diocesan newspaper. Revenue to this fund is primarily derived from advertising sales, subscriptions, local use funds from the Summer Col-lection, parish collections for the newspaper, and diocesan subsidy. Expenses of this fund are related to the running, printing, and delivery of the newspaper.

Parish Assistance FundThis fund consists of resources derived from an ongoing cooperative investment and loan program established for the mutual benefit of parishes and the diocese. Funds are borrowed from parishes at an annual interest rate of 5% paid quarterly, and lent to parishes at an annual interest rate of 6% billed quarterly.

The Plant FundThe plant fund includes all expendable resources desig-nated for construction, replacement or acquisition of land, buildings and equipment to be used for diocesan purposes. This fund maintains the fixed assets of the diocese in the composition of land and buildings, land held for future disposition, future parish sites, building and road improve-ments, furniture, equipment, automobiles, and trucks. These assets are depreciated over the determined life of the asset on a straight-line basis. Revenue to this fund is primarily derived from sale of assets, rental income, and interest income on investments. Expenses of this fund are related to taxes on property, depreciation, and the replacement or purchase of property.

Custodian FundThis fund is used to receive and accumulate national, dioc-esan, and special collections forwarded by the 102 parishes in the diocese. Upon receipt of amounts from all parishes, the diocese, acting as fiscal agent, remits the total funds col-lected to the United States Catholic Conference (USCC) and the National Conference of Catholic Bishops (NCCB).

Special collectionS

Summer Collection: Catholic University of America . . . . . . . . . . . . . . . $ 28,464 Catholic Communications Campaign . . . . . . . . . . 56,927

Fall Collection: Peter’s Pence-The Holy Father’s Collection . . . . . . 188,762

Winter Collection: Church in Latin America . . . . . . . . . . . . . . . . . . . . . . 25,017 Campaign for Human Development . . . . . . . . . . . 25,017 Collection for the Retirement Fund for Religious . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243,785

Spring Collection: American Bishops Overseas Appeal . . . . . . . . . . . 105,148 Native and Black Americans . . . . . . . . . . . . . . . . . 70,099

Good Friday Collection for Preservation of the Holy Land . . . . . . . . . . . . . . . . . . . . . . . . . . . 164,090Operation Rice Bowl . . . . . . . . . . . . . . . . . . . . . . . . . . 91,250Aid for the Church in Eastern Europe . . . . . . . . . . . . 100,069Catholic Home Missions . . . . . . . . . . . . . . . . . . . . . . . 25,017The Propagation of the Faith Collection . . . . . . . . . 213,223Together in Charity . . . . . . . . . . . . . . . . . . . . . . . . . . .184,706

Through the Mission Cooperative Plan, the Office of Pon-tifical Mission Societies and the Diocese of Metuchen, fa-cilitate aid to foreign missions. Above, Msgr. Richard A. Behl, (left) diocesan director of the Pontifical Mission Societ-ies, presents Father Anton Sriyan, professor of liturgy at the National Seminary of Our Lady of Sri Lanka with a chalice and vest-ments for Sri Lankan seminarians who are often from families who cannot afford them. — Joanne Ward, photo

The EDA Bond Issue FundThis fund is used to record and

maintain all transactions resulting from a $28.6 million Economic Development Authority bond issued to the Diocese of Metuchen. The bond was issued on the strength of the diocesan balance sheet to fund the construction and/or renovation of five schools in the diocese. The bond had a three-year spend down period for the projects that were approved by the EDA. The bond is a 25-year term to the diocese where the first five years was for interest only, the remaining 20 years is for the full principal pay down. The diocese administered the requisitions of each of the projects, the adherence to the man-dated pay down policy, as well as the bill-ing of principal and interest to each of the schools represented in the bond issue for their share of the debt.

The Cemetery FundThis fund represents the financial

operations of the Holy Cross Burial Park in East Brunswick and the Res-urrection Burial Park in Piscataway. Surplus funds are separated for op-erational and perpetual care purposes. Revenue to this fund is primarily derived from crypt and in ground burial sales, interments, sales of foundations and let-tering, perpetual care income, and interest income on investments. Expenses of this fund are related to the operations of the cemeteries mostly salaries, utilities, main-tenance, and construction.

ENDOWMENTPriestly EducationFoundation for Catholic EducationFund for the FuturePerth Amboy Catholic SchoolWills and BequestsMaria Regina ResidenceReserve FundRespect Life EndowmentCatholic Charities EndowmentRutgers Campus Ministry EndowmentTOTAL

RESTRICTED PRINCIPAL

$1,972,942

5,813,9726,895,658

1,361,523169,152952,383

9,693,458565,562

3,250,712

0 $30,675,362

%

6.2%

18.4%24.3%

4.4%0.6%3.0%

37.6% 1.8%

10.3%

1.3%107.9%

UNRESTRICTED CORPUS

$ 0

0810,414

37,78519,984

0 2,224,845

0

0

403,091$3,496,119

TOTAL CORPUS$1,972,942

5,813,9727,706,072

1,399,308189,136952,383

11,918,303565,562

3,250,712

403,091$34,171,481

Endowment and Similar Funds cont’d


Top Photo: Priests from the diocese bless three newly ordained priests during the Rite of Ordination Mass. The May 25 ceremony in the Cathedral of St. Francis of Assisi marked several milestones — the resignation of Pope Benedict XVI followed by the election of Pope Francis; the Year of Faith and the 50th anniver-sary of Vatican II. — Mike Ehrmann photo

Bottom Photo: Deacons from the diocese renewed their vows during the Deacon Recommitment Mass April 21. — Ed Koskey Jr, photo

The following unaudited financial results of the 94 parishes, 28 elementary schools and three high schools are offered as supplemental information to this report.

FINANCIAL SUMMARY OF SCHOOL OPERATIONSRevenue and Expenditures

as of June 30, 2013 (unaudited)

HIGH SCHOOLS (3)

REVENUE Tuition and Fees Parish/Diocesan Subsidies Home School Assn. Efforts Bingo and Fundraising Other Income TOTAL REVENUE

TOTAL EXPENDITURES

EXCESS OF REVENUE OVER(UNDER) EXPENDITURES

$ 17,259753

873 102

$ 18,987

$ 19,081

$ - 94

(000 ommitted)ELEMENTARY SCHOOLS (28)

REVENUE Tuition and Fees Parish/Diocesan Subsidies Home School Assn. Efforts Bingo, Fundraising and Development Other Income TOTAL REVENUE

TOTAL EXPENDITURES


$ 34,2404,378

5,377 3,057

$ 47,052

$ 47,051

$ 1

FINANCIAL SUMMARY OF 94 PARISHESRevenue and Expenditures

as of June 30, 2013 (unaudited)

REVENUE Parish Collections National Appeals & Collections Other Ordinary Receipts Extraordinary Receipts TOTAL REVENUE

EXPENDITURES Salary & Benefits Administration, Maintenance, Utilities Parochial School Subsidies Parish Ministries Extraordinary Expense

TOTAL EXPENSE


ASSETS-CASH, INVESTMENTS, LAND, AND BUILDINGSLIABILITIES-LOANS, NOTES, PAYABLESFUND BALANCE (NET WORTH)

$ 55,2362,9218,919

16,017

$ 83,093

$ 34,74817,283

2,8577,153

21,013

$ 83,054

$ 39

$ 249,300

27,793$ 221,507

(000 ommitted)


Deacons - 5 -9 -13

When visiting Immaculate Conception School, Somerville, during Catholic Schools Week, Bishop Paul G. Bootkoski was greeted by students dressed in historical costumes. The mission of Catholic edu-cation includes inviting young people to deepen their relationships with Jesus; inserting them into the life of the Church, and assisting them to see and understand the role of faith in their daily lives. — Michele Blandino photo

Members of the Catholic Filipino community carry banners celebrating San Lorenzo Luiz, the first Filipino saint, during a Mass attended by more than 700 Catholics of Filipino descent. The diocesan Department of Pastoral Life presently numbers 10 active aposolates, each with its own coordinator, functioning under the Office of Multicultural Ministries. More than forty parishes maintain regular ethnic language liturgies. — Mike Ehrmann photo

Catholic Charities, Diocese of Metuchen

Financial Summary – FY13Total Revenue

THE FINANCIAL INFORMATION REPORTED ABOVE WAS DERIVED FROM THE AGENCY’S AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDING JUNE 30, 2013.


Total Expenses

1 CATHOLIC CHARITIES, DIOCESE OF METUCHEN

Total Revenue | FY 201340% State Funding Contracts $14,923,821

21% Medicaid/Medicare $8,031,783

16% Client Generated Revenue $6,156,843

8% Local/County Funding Contracts $2,901,894

6% Diocese of Metuchen $2,401,081

2% Foundations $916,636

2% Donations - Cash & In-Kind $878,976

2% United Way $690,478

2% Federal Funding Contracts $636,445

1% Interest & Other Income $215,596

100% TOTAL $37,753,553

Total Expenses | FY 201341% Behavioral Health & Youth Services $15,334,201

16% Out of Home Placement $5,820,857

15% Childcare Services $5,578,672

10% Housing & Homeless Prevention $3,647,025

9% General & Administration $3,200,137

5% Social Justice & Disaster Relief $2,051,635

3% Health Services $1,164,698

1% Fundraising $60,295

100% TOTAL $36,857,520

Financial Summary | FY13

41+16+15+10+9+5+3+1+aChildcare Services

Housing & Homeless Prevention

General & Administration

Social Justice & Disaster Relief

Health Services

Fundraising

Out of Home Placement

Behavioral Health & Youth Services

40+21+16+8+6+2+2+2+2+1+aState Funding Contracts

Medicaid/Medicare

Client Generated Revenue

Local/County Funding Contracts

Diocese of MetuchenFoundations

Donations - Cash & In-Kind

United Way

Federal Funding Contracts

Interest & Other Income

THE FINANCIAL INFORMATION REPORTED WAS DERIVED FROM THE AGENCY’S AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDING JUNE 2013












100% TOTAL $37,753,553









100% TOTAL $36,857,520






Health Services

Fundraising




Medicaid/Medicare





United Way















100% TOTAL $37,753,553









100% TOTAL $36,857,520






Health Services

Fundraising




Medicaid/Medicare





United Way















100% TOTAL $37,753,553









100% TOTAL $36,857,520






Health Services

Fundraising




Medicaid/Medicare





United Way




Dear Friends of Catholic Charities,

I am pleased to present the 2013 Annual Report of Catholic Charities, Diocese of Metuchen. The agency’s mission is exem-plified through its work – providing quality services with both compassion and professional expertise, while upholding the dignity of every person we serve.

This year has proved to be another challenging year for the agency. The ongoing recession has affected the agency and thousands of people living in our diocese. As the grip of economic uncertainty continues to grow, we rely more and more on the charitable donations and the work of every Catholic to fill the gaps left by underfunding. Unfortunately, situations we once categorized as urgent and immediate are becoming sustained and long term. In addition to the poor and disenfranchised we’ve always known in our parishes, we are now called to serve people who never before imagined needing our help.

Last year, Super Storm Sandy came knocking at our door, leaving so many more people in dire need of help. People who had already been under tremendous stress from the recession were left homeless, hurt and unsure about the future. Catholic Charities responded to this disaster and mobilized quickly. We are known for rolling up our sleeves, testing lessons learned and buckling down for the hard work of helping people rebuild their lives…whether it be a natural disaster or a life emergency – we are here for the long haul.

Catholic Charities is able to fulfill its commitment to the better-ment of the human spirit because of the outstanding leader-ship of the Board of Trustees and the dedication and commit-ment of staff, volunteers and benefactors.

People from all walks of life come through our doors; those affected by economic weakness, natural disaster and per-sonal crises. Your dedication to Catholic Charities, Diocese of Metuchen makes it possible for us to be there for them. On behalf of each person whose life we are able to impact because of your continued support, I thank you.

Marianne Majewski, Executive Director

Documents

ANNUAL REPORT of the - Home » Diocese of Metuchen · ANNUAL REPORT of the DIOCESE OF ... Class of 2015 are the first in the diocese who began to pursue a Master of Arts degree in