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'A Love So Strong'

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'A Love So Strong' The Criterion Friday, April 17, 2015 Page 15 Summary of Financial Status This summary of the financial status of the Archdiocese W. Tobin, Archbishop of the Archdiocese of Indianapolis. significant transactions among entities detailed in this summary of Indianapolis (“Archdiocese”) reflects activities of the The information presented has been derived from the audited have been eliminated. The complete audited financial statements chancery of the Archdiocese and certain affiliated agencies financial statements and does not include the activities of are available for public inspection at www.archindy.org/finance/ with direct accountability to the Most Reverend Joseph parishes, missions and schools of the Archdiocese. All archdiocese.html. Chancery and Certain Entities of the Archdiocese of Indianapolis Chancery and Certain Entities of the Archdiocese of Indianapolis Combined Statements of Financial Position as of June 30, 2014 and 2013 Combined Statements of Activities for the years ended June 30, 2014 and 2013 ASSETS 2014 2013 SUPPORT AND REVENUES 2014 2013 Cash and cash equivalents $ 63,176,741 $ 53,883,925 Assessments $ 10,593,348 $ 10,387,806 Investments 156,728,106 142,985,945 Service fees 25,288,118 23,425,777 Capital campaigns and contributions 11,487,228 10,394,658 State of the Receivables: Christ Our Hope Appeal 5,214,070 4,957,975 Contributions, net 5,175,831 6,756,225 Sales of goods and services 4,910,700 4,684,260 Deposit and loan fund, net 37,173,461 36,707,207 Program service fees and other 7,186,827 6,565,901 Am ounts due from parishes Other public support 5,632,213 5,362,517 and other archdiocesan entities, net 3,307,972 3,307,972 Interest income and investment return 26,040,499 18,600,898 Other, net 3,479,504 3,853,201 Total support and revenues $ 96,353,003 $ 84,379,792 Total receivables, net $ 49,848,152 $ 50,624,605 EXPENSES Other assets 2,514,174 707,432 Salaries and wages $ 13,998,877 $ 13,789,328 Burial spaces and other inventories 3,685,783 3,779,934 Employee benefits and taxes 5,326,533 6,810,494 Land, buildings and equipment, net 22,589,039 22,212,496 Health care costs 15,618,664 15,909,925 Retirement plan contributions 4,058,545 3,890,741 TOTAL ASSETS $ 298,541,995 $ 274,194,337 Cost of equipment and supplies sold 1,996,563 2,406,430 Administrative and supplies 2,211,459 2,394,113 LIABILITIES AND NET ASSETS Property insurance 2,318,006 4,643,057 Depreciation 1,589,076 1,495,680 archdiocese Liablilities: Repairs and maintenance 1,065,973 965,765 Accounts payable and accrued expenses $ 5,577,522 $ 6,753,571 Occupancy costs 1,520,920 1,461,948 Capital campaign due to parishes 2,690,098 3,942,335 Interest 2,523,847 2,474,976 Bonds payable, net 40,358,123 43,689,743 Bad debts 238,347 4,093,482 Reserves for self-insurance 1,900,000 2,234,000 Professional services 5,870,019 5,705,129 Other liabilities 4,827,987 8,138,643 Specific assistance 1,738,294 1,753,829 Deposit and loan fund payable 38,053,425 35,344,293 Contributions 4,801,101 4,860,060 Ca pital campaign funds donated Total liablilities $ 93,407,155 $ 100,102,585 to parishes and others 1,000 69,510 Other 432,691 4,644,387 Net assets: Unrestricted $ 174,608,634 $ 133,862,926 Total expenses $ 65,309,915 $ 77,368,854 Temporarily restricted 8,069,600 18,349,865 Permanently restricted 22,456,606 21,878,961 CHANGE IN NET ASSETS 31,043,088 7,010,938 Read the 2013-14 Total net assets $ 205,134,840 $ 174,091,752 NET ASSETS: Beginning of year 174,091,752 167,080,814 TOTAL LIABILITIES AND NET ASSETS $ 298,541,995 $ 274,194,337 NET ASSETS: End of year $ 205,134,840 $ 174,091,752 Accountability Report, Catholic Community Foundation, Inc. The Catholic Community Foundation is a separate, not-for-profit corporation established Cash and Investments in Millions of Dollars by the Archdiocese of Indianapolis to professionally invest and administer numerous individual endowment funds for the benefit of parishes, schools, agencies and other institutions affiliated with the Archdiocese. As of June 30, 2014, the Catholic Community $180 Foundation comprised 435 separate endowment accounts and 106 charitable gift annuities worth $169 million. pages 15-17. $160 Asset Allocations as of June 30, 2014 Cash and Investments = $168,970,702 $140 Real Estate Private Equity Cash Commodies Internaonal Equity Securies Small Cap Equity Mid Cap Equity Securies Large Cap Equity Securies Fixed Income $120 Emerging Markets and other 1.4% $100 9.8% 4.8% 8.4% 4.8% Dollars (Millions) $80 29.0% 17.7% $60 $40 6.2% 10.5% 7.4% $20 FY 2014 Fund Performance Composite 15.40% $0 Equity 24.30% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Fixed 5.00% Serving the Church in Central and Southern Indiana Since 1960 CriterionOnline.com April 17, 2015 Vol. LV, No. 27 75¢ Pope says Year of Mercy will be time ‘A Love So Strong’ to heal, to help, to forgive VATICAN CITY (CNS)—Mercy is what makes God perfect and all-powerful, Pope Francis said in his document officially proclaiming the 2015-16 extraordinary Holy Year of Mercy. “If God limited himself to only justice, he would cease to be God, and would instead be like human beings who Pope Francis ask merely that the law be respected,” the pope wrote in “Misericordiae Vultus,” (“The Face of Mercy”), which is the “bull of indiction” calling a Holy Year to begin on Dec. 8. Standing in front of the Holy Door of St. Peter’s Basilica on April 11, Pope Francis Jennifer Trapuzzano snuggles with her daughter Cecilia in the bedroom where Cecilia sleeps in a crib beneath a crucifix and a photo of her parents. handed copies of the document to the Cecilia was born on April 25, 2014—24 days after her father Nathan Trapuzzano was shot and killed during a robbery as he took a walk through their archpriests of the major basilicas of Rome Indianapolis neighborhood. (Photo by John Shaughnessy) and to Vatican officials representing Catholics around the world. Portions of the 9,300-word proclamation A year after her husband’s tragic death, Jennifer were read aloud before Pope Francis and his aides processed into St. Peter’s Trapuzzano leans on faith and unexpected friendship Basilica to celebrate the first vespers of By John Shaughnessy emotions for Jennifer—thoughts and Shortly after those words appeared Divine Mercy Sunday. emotions she has occasionally shared in online, Jennifer received a text message In his homily at vespers, the pope said he For a long time, she had dreaded the her blog called, “A Love So Strong.” On of support from a woman who knows proclaimed the Year of Mercy because “it first anniversary of the death of the love March 31, 2015, those emotions poured that same pain, a woman who has is the favorable time to heal wounds, a time of her life. from her again as she wrote another entry become one of her closest friends. not to be weary of meeting all those who are On the day before that anniversary, that included this thought: “I sent Jennifer a text telling her waiting to see and touch with their hands all the heartbreak overwhelmed I can still feel him. I can see him when I I was praying for her and offering the signs of the closeness of God, a time to Jennifer Trapuzzano once again as she close my eyes, feel his love and warmth. It up my heartache for her,” says offer everyone the way of forgiveness and thought of her husband Nathan. doesn’t feel possible that he has been gone Cristina Buerkle, who is also a young reconciliation.” Just a year before—on for one year. That in less than 24 hours Catholic widow. “I wanted to let her The boundless nature of God’s mercy—his March 31, 2014—the couple had been I will no longer be able to say “last year know that she wasn’t in that pain alone, willingness always to forgive anything—has looking forward to their first wedding Nate and I were doing this together…” that we are in this together.” been a constant subject of Pope Francis’ anniversary, the birth of their first child, I have a voicemail from him on preaching, and is explained in detail in and Nathan’s 25th birthday. March 31st last year. I have listened to Touches of hope and humanity the document, which outlines some of Then, a day later, Nathan was shot it over and over and over again. His As Jennifer’s recent blog entry the specific projects the pope has in mind and killed during a robbery as he took a voice sounds so familiar still, like it was shows, the loss of Nathan still haunts for the year. morning walk through their Indianapolis yesterday. I miss him. I miss everything her heart and her soul. The Old Testament stories of how God neighborhood. about him. In so many ways, it feels like At the same time, the past year for repeatedly offered mercy to his unfaithful So much of the past year has been a he has only been gone for 10 seconds. And her has been marked by touches of help, people and the New Testament stories of heart-wrenching blur of thoughts and yet it feels like 100 years.
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