Manistee Catholic Central Schools Foundation
- Assets
- $1.1m
- Revenue
- $100.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Manistee, MI
- Founding
- 03/1986
- Data as of
- 09/2022
- EIN
- 38-2606921
Organization Overview
Manistee Catholic Central Schools Foundation is located in Manistee, MI. The organization was established in 1986. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Manistee Catholic Central Schools 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 09/2022, Manistee Catholic Central Schools Foundation generated $100.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $86.5k during the year ending 09/2022. 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
TO OBTAIN MONEY BY SOLICITATION AND DONATIONS AND ALL OTHER LEGAL MEANS: TO INVEST THAT MONEY IN LAWFUL INVESTMENTS AND TO UTILIZE THE INCOME TO ASSIST IN FINANCING THE EDUCATION OF STUDENTS AT MANISTEE CATHOLIC CENTRAL SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FOR THE EDUCATION OF STUDENTS OF MANISTEE CATHOLIC CENTRAL SCHOOL PER OUR BYLAWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lou Racine Vice President | OfficerTrustee | 0 | $0 |
Dale Kowalkowski President | OfficerTrustee | 0 | $0 |
Bernie A Pieczynski Treasurer | OfficerTrustee | 0 | $0 |
Kay Fortier Secretary | OfficerTrustee | 0 | $0 |
Mary Krusniak Member | Trustee | 0 | $0 |
Paul Niedzielski Member | Trustee | 0 | $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 | $6,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,711 |
| Total Program Service Revenue | $0 |
| Investment income | $51,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,588 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,600 |
| Grants and other assistance to domestic individuals. | $5,500 |
| 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 | $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 | $13,383 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34 |
| 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 | $0 |
| Total functional expenses | $86,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $168,044 |
| 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 | $61,000 |
| 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 | $0 |
| Investments—program-related | $896,900 |
| Intangible assets | $0 |
| Other assets | $2,799 |
| Total assets | $1,128,793 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $40,000 |
| 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 | $40,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,063,287 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $25,506 |
| Total liabilities and net assets/fund balances | $1,128,793 |
Grants Awarded
Over the last fiscal year, Manistee Catholic Central Schools Foundation has awarded $67,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MANISTEE CATHOLIC CENTRAL SCHOOL PURPOSE: Tuition Assistance | $35,600 |
MANISTEE CATHOLIC CENTRAL SCHOOL PURPOSE: Student Education. | $32,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Manistee Catholic Central Schools Foundation has recieved totaling $48,611.
| Awarding Organization | Amount |
|---|---|
Two Eagles Foundation Inc Tomahawk, WI PURPOSE: TUITION ASSISTANCE | $48,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $311 |
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE VOLUNTEER GRANT | $300 |
Endowment Analysis
| Beg. Balance | $439,136 |
| Earnings | $42,273 |
| Admin Expense | $5,624 |
| Grants | $41,100 |
| Ending Balance | $434,685 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irvington Community School Inc Indianapolis, IN | $11,536,265 | $10,230,749 |
Focus Learning Academy Of Northern Columbus Columbus, OH | $4,955,005 | $10,294,417 |
Grandville Calvin Christian Schools Grandville, MI | $14,193,640 | $13,469,439 |
Evansville Christian School Inc Evansville, IN | $23,040,172 | $14,170,255 |
Jewish Community High School West Bloomfield, MI | $39,503,108 | $46,093,154 |
Crown Point Christian School Association Inc St John, IN | $17,763,143 | $11,392,126 |
Oak Farm School Inc Avilla, IN | $30,325,105 | $11,726,261 |
University Lake School Inc Hartland, WI | $13,151,982 | $7,209,349 |
Marsh Foundation Van Wert, OH | $62,845,509 | $6,305,543 |
Cincinnati Christian Schools Inc Fairfield, OH | $5,903,522 | $6,827,810 |
Evansville Day School Inc Evansville, IN | $4,284,968 | $5,798,997 |
Interactive Academy Inc Zionsville, IN | $16,796,831 | $7,015,454 |