In early November 2016, the Archdiocese of Philadelphia published audited financial statements for The Office for Financial Services, its Pastoral Center entity, for the fiscal year ended June 30, 2016. Concurrently, it also published audited financial statements for the World Meeting of Families—Philadelphia 2015 for the fiscal year ended June 30, 2016.
At that time, the Archdiocese indicated it would publish similar statements for additional separate entities.
Audited financial statements for the fiscal year ended June 30, 2016 for the nine entities listed below were published on www.CatholicPhilly.com today.
- Catholic Human Services: Nutritional Development Services
- Office of Catholic Education: Administration Account
- Office of Catholic Education: High Schools
- Office of Catholic Education: Schools of Special Education
- Saint John Vianney Center
- The Philadelphia Theological Seminary of Saint Charles Borromeo
The Archdiocese of Philadelphia publicly announced an outsourced management agreement and long-term lease regarding 13 Catholic cemeteries with StoneMor, L.P. in September 2013. The financial statements for the following cemeteries entities are being published today.
- Office of Catholic Cemeteries
- Archdiocese of Philadelphia Cemetery Permanent Lot Care Fund Irrevocable Trust[i]
- Philadelphia Catholic Cemeteries, LLC (PCC)[ii]
Additional Financial Statements for the Fiscal Year Ended June 30, 2016
The audited financial statements published today do not include results for the Catholic Health Care Services, Catholic Social Services, the Catholic Charities Appeal or the Heritage of Faith—Vision of Hope Capital Campaign. Audited financial statements for these entities will be published in the coming weeks.
Additionally, none of the reports released by the Archdiocese include financial statements for individual parishes. All parishes are independent and autonomous entities.
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Editor’s Note: Complete copies of the audited financial statements for the Office for Financial Services and the World Meeting of Families—Philadelphia 2015 for the fiscal years ended June 30, 2016 and June 30, 2015 can be found at www.CatholicPhilly.com.
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[i] The Permanent Care Fund is an irrevocable trust which has been organized to hold certain funds which will be used to address the perpetual care obligations upon conclusion of the lease agreement with StoneMor, upon which the Archdiocese will resume responsibility for ongoing and future perpetual care obligations of the cemeteries.
[ii] PCC is a “sole purpose entity” – the sole purpose being to hold title to the eight cemeteries subject to a lease agreement with StoneMor. Five other cemetery properties, which are managed by StoneMor, are not subject to the lease agreement.
Archdiocese of Philadelphia
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Contact: Kenneth A. Gavin
Chief Communications Officer
215-587-3747 (office)