Assumption Foundation For K-12 Schools
- Assets
- $6.0m
- Revenue
- $572.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/1973
- Data as of
- 12/2019
- EIN
- 23-7311256
Organization Overview
Assumption Foundation For K-12 Schools is located in Milwaukee, WI. The organization was established in 1973. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assumption Foundation For K-12 Schools 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 12/2019, Assumption Foundation For K-12 Schools generated $572.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $619.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR AND ADVANCE THE EXCELLENCE OF CATHOLIC EDUCATION AT ASSUMPTION HIGH SCHOOL, AND IN THE CATHOLIC ELEMENTARY SCHOOLS OF SCOTT COUNTY, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF PRIVATE SECONDARY EDUCATION AT ASSUMPTION HIGH SCHOOL, DAVENPORT, IOWA; AND SUPPORT OF KINDERGARTEN THROUGH 12TH GRADE CATHOLIC SCHOOLS LOCATED IN SCOTT COUNTY IOWA WITH TUITION ASSISTANCE/ SCHOLARSHIPS, BENEFIT SUPPORT, & MARKETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Institutional Trustee | $35,568 | ||
William D Barrett Secretary | Officer | $0 | |
Edmund Carroll Jr President | Officer | $0 | |
Thomas J Daniel Treasurer | Officer | $0 | |
Barbara B Johnson Vice President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,923 |
| Investment income | $175,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,296 |
| Net Income from Fundraising Events | $14,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $44,908 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,459 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $902 |
| Advertising and promotion | $0 |
| Office expenses | $527 |
| 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 | $3,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $173 |
| Total functional expenses | $619,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,539 |
| Savings and temporary cash investments | $197,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $5,589,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,741 |
| Total assets | $5,952,272 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,952,272 |
| Total liabilities and net assets/fund balances | $5,952,272 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Assumption Foundation For K-12 Schools has recieved totaling $22,907.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: TO PROVIDE CATHOLIC EDUCATION IN EASTERN IOWA, IN HONOR OF SARAH K. MOON, CLASS OF 2012 | $15,057 |
Quad Cities Community Foundation Bettendorf, IA PURPOSE: TUITION ASSISTANCE, SCHOLARSHIPS | $7,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Van Andel Institute Grand Rapids, MI | $1,815,971,878 | $111,524,637 |
William Davidson Foundation Birmingham, MI | $1,107,938,800 | $127,279,050 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI | $63,637,902 | $79,561,320 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Gilbert Family Foundation Detroit, MI | $122,833,560 | $20,538,766 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |