Ursuline Academy Foundation
- Assets
- $705.5k
- Revenue
- $42.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 26-0219130
Organization Overview
Ursuline Academy Foundation is located in Springfield, IL. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ursuline Academy Foundation 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 12/2023, Ursuline Academy Foundation generated $42.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.6%) each year. All expenses for the organization totaled $266.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE URSULINE ACADEMY ALUMNI FOUNDATION IN SPRINGFIELD, ILLINOIS WAS FOUNDED IN 2007 TO CELEBRATE AND HONOR THE ACADEMY'S 150 YEAR HISTORY OF EDUCATION AND SERVICE. IN REMEMBRANCE OF THE ACADEMY AS AN EDUCATIONAL INSTITUTION, THE URSULINE ACADEMY ALUMNI FOUNDATION SEEKS TO CONTINUE THE WORK OF THE URSULINE SISTERS, FOUNDRESSES OF URSULINE ACADEMY, AND IS DEDICATED TO PRESERVING THE HISTORICAL HERITAGE OF URSULINE ACADEMY; HONORING THE ACADEMY'S CORE TENANT OF SERVIAM ("I WILL SERVE") BY PROMOTING COMMUNITY SERVICE AND OUTREACH; BUILDING THE BONDS OF FRIENDSHIP AMONG THE ACADEMY'S ALUMNI FAMILY; AND FURTHERING THE ADVANCEMENT OF CATHOLIC EDUCATION IN THE CITY OF SPRINGFIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE URSULINE ACADEMY ALUMNI FOUNDATION OFFERS SCHOLARSHIPS TO LOCAL CATHOLIC GRADE SCHOOLS.
THE URSULINE ACADEMY ALUMNI FOUNDATION SUPPORTS OTHER LOCAL CHARITIES WITH SIMILAR MISSIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Mayfield President | OfficerTrustee | 1 | $0 |
Susan Gerding Vice President Of Alumni Affairs | OfficerTrustee | 1 | $0 |
Andy Jones Treasurer | OfficerTrustee | 1 | $0 |
Joan Bestudik Director | Trustee | 1 | $0 |
Barb Burris Director | Trustee | 1 | $0 |
Julia Chrisman Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $42,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $261,000 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,387 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $1,159 |
| Total functional expenses | $266,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,651 |
| Savings and temporary cash investments | $20,059 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $683,803 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $705,513 |
| 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 | $705,513 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $705,513 |