Subiaco Foundation
- Assets
- $7.9m
- Revenue
- -$273.1k
- Investments
- $5.2m
- Employees
- 0
- Location
- Subiaco, AR
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 26-4589008
Organization Overview
Subiaco Foundation is located in Subiaco, AR. The organization was established in 2009. 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. Subiaco Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTION AND DISTRIBUTION OF FUNDS USED EXCLUSIVELY FOR THE RELIGIOUS, EDUCATIONAL, AND CHARITABLE MINISTRIES OF SUBIACO ABBEY AND SUBIACO ACADEMY (SUPPORTED ORGANIZATIONS), CONSISTENT WITH ITS STATUS AND WITH THE MISSION OF THESE ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS TO SUBIACO ACADEMY FOR CLASSROOM REMODELING, TUITION ASSISTANCE, MARKETING, HVAC, ROOF REPLACEMENT, POOL, PERFORMING ARTS CENTER, MATTRESSES FOR CAMP AND TECHNOLOGY IMPROVEMENTS
TO PROVIDE FUNDS FOR THE RELIGIOUS MINISTRY OF SUBIACO ABBEY INCLUDING MONK CARE AND UPKEEP OF PROPERTY, PLANT AND EQUIPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Schmitz President | OfficerTrustee | 1 | $0 |
J Clay Gilliland Vice-President | OfficerTrustee | 1 | $0 |
Charles Anderson Secretary | OfficerTrustee | 1 | $0 |
Vincent E Tate Treasurer | OfficerTrustee | 1 | $0 |
Dawn Epping Director | Trustee | 0 | $0 |
Leo Anhalt Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $483,830 |
| Noncash contributions included in lines 1a–1f | $67,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,830 |
| Total Program Service Revenue | $0 |
| Investment income | $107,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$964,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$273,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $135,000 |
| Fees for services: Investment Management | $2,063 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,880 |
| Payments to affiliates | $1,924,051 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,087,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,684 |
| Savings and temporary cash investments | $1,136,403 |
| Pledges and grants receivable | $1,412,751 |
| Accounts receivable, net | $229,801 |
| 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 | $0 |
| Investments—other securities | $5,155,331 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,945,970 |
| Accounts payable and accrued expenses | $80,401 |
| 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 | $1,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,330,401 |
| Net assets without donor restrictions | $1,252,018 |
| Net assets with donor restrictions | $5,363,551 |
| 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 | $7,945,970 |