Twin City Area Catholic School Fund Inc
- Assets
- $6.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- St Joseph, MI
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 23-7129409
Organization Overview
Twin City Area Catholic School Fund Inc is located in St Joseph, MI. The organization was established in 1972. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin City Area Catholic School Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Twin City Area Catholic School Fund Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $794.7k during the year ending 06/2022. While expenses have increased by 16.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF AREA CATHOLIC SCHOOLS AND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF AREA CATHOLIC SCHOOLS AND STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Marzke Treasurer | OfficerTrustee | 2 | $0 |
Sarah Jollay Vice President | OfficerTrustee | 2 | $0 |
Elaine Theisen Secretary | OfficerTrustee | 2 | $0 |
John Proos President | OfficerTrustee | 2 | $0 |
John Curtis Past President | OfficerTrustee | 2 | $0 |
Paul Landeck Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,313,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,313,364 |
| Total Program Service Revenue | $0 |
| Investment income | $112,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,610,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $657,809 |
| Grants and other assistance to domestic individuals. | $12,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,056 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,781 |
| Advertising and promotion | $0 |
| Office expenses | $1,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $862 |
| Insurance | $1,864 |
| All other expenses | $0 |
| Total functional expenses | $794,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $275,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $924 |
| Investments—publicly traded securities | $5,125,601 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,459 |
| Total assets | $6,663,740 |
| Accounts payable and accrued expenses | $1,595 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,595 |
| Net assets without donor restrictions | $1,479,913 |
| Net assets with donor restrictions | $5,182,232 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,663,740 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Twin City Area Catholic School Fund Inc has recieved totaling $79,634.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT, SCHOLARSHIP SUPPORT, FACILITY & CAPITAL IMPROVEMENTS | $58,634 |
Timothy And Sheila Patton Family Charitable Trust Ann Arbor, MI PURPOSE: CHARITABLE - GENERAL OPERATING | $11,000 |
Marzke Family Foundation St Joseph, MI PURPOSE: SCHOOL FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $5,354,385 |
| Earnings | -$502,623 |
| Net Contributions | $8,640 |
| Grants | $467,440 |
| Ending Balance | $4,392,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
Indianapolis Public Schools Education Foundation Inc Indianapolis, IN | $8,991,095 | $5,839,882 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sme Education Foundation Southfield, MI | $34,257,056 | $11,054,523 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Activities Beyond The Classroom Cincinnati, OH | $2,008,297 | $4,001,675 |