Divine Child Alumni Association Foundation
- Assets
- $1.4m
- Revenue
- $211.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 04/1986
- Data as of
- 12/2022
- EIN
- 38-2620133
Organization Overview
Divine Child Alumni Association Foundation is located in Dearborn, MI. The organization was established in 1986. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Divine Child Alumni Association 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 12/2022, Divine Child Alumni Association Foundation generated $211.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $115.3k during the year ending 12/2022. While expenses have increased by 17.9% per year over the past 4 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
PROVIDING FINANCIAL SUPPORT TO ALL FACETS OF SECULAR AND CATHOLIC EDUCATION, PRIMARILY FULL-TIME ACADEMIC AND RELIGIOUS TRAINING IN THE DIVINE CHILD HIGH SCHOOL CURRICULUM, SCHOOL MAINTENANCE, COSTS OF SPECIAL PROGRAMS, AND ANY OTHER PRESENT OR FUTURE EDUCATIONAL OR RELIGIOUS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO THE CHURCH OF THE DIVINE CHILD FOR THE BENEFIT OF ITS SCHOOL, DIVINE CHILD HIGH SCHOOL FOR THE PURPOSE OF RENOVATING THE SCHOOL'S WEIGHT ROOM AND LOCKERS.
PAYING THE COST OF THE DIVINE CHILD ALUMNI ASSOCIATION NEWSLETTER, WHICH IS SPONSORED BY DIVINE CHILD HIGH SCHOOL AND THE DIVINE CHILD ALUMNI ASSOCIATION, A CODE SECTION 501(C)(4) ORGANIZATION. THIS IS PUBLISHED TO KEEP ALUMNI AND FRIENDS OF THE HIGH SCHOOL INFORMED ABOUT ITS PROGRAMS, LEARN ABOUT THE SUCCESSES OF ALUMNI AND SHARING OTHER IMPORTANT AND INFORMATIVE INFORMATION. THESE ARE COSTS THE HIGH SCHOOL WOULD OTHERWISE HAVE TO BEAR ON ITS OWN.
FINANCIAL SUPPORT PROVIDED TO THE CHURCH OF THE DIVINE CHILD FOR THE PURPOSE OF FUNDING FINANCIAL AID SCHOLARSHIPS TO STUDENTS ATTENDING ITS HIGH SCHOOL, DIVINE CHILD HIGH SCHOOL, UNDER ITS LEGACY SCHOLARSHIP PROGRAM.
FUNDING PROVIDED FOR THE BENEFIT OF STUDENTS WHO ARE OR HAVE ATTENDED DIVINE CHILD HIGH SCHOOL AS SELECTED BY THE ADMINISTRATION OF DIVINE CHILD HIGH SCHOOL. THESE FUNDS WERE SUBMITTED TO THE DIVINE CHILD ALUMNI ASSOCIATION, WHICH ADMINISTERS THE DISTRIBUTION OF THE FUNDS AT THE REQUEST OF THE HIGH SCHOOL ADMINISTRATION OR THE CHURCH OF THE DIVINE CHILD TO STUDENTS IT SELECTS FOR THE AWARDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Bernocco President | OfficerTrustee | 1 | $0 |
James Demmer Secretary | OfficerTrustee | 1 | $0 |
Michael Vecchioni Treasurer | OfficerTrustee | 2 | $0 |
Father Robert Mccabe Director | Trustee | 1 | $0 |
Anthony Trudel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,150 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,384 |
| Total Program Service Revenue | $0 |
| Investment income | $57,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,884 |
| 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 | $12,096 |
| 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 | $0 |
| Total functional expenses | $115,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,685 |
| Savings and temporary cash investments | $0 |
| 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 | $1,421,143 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,429,828 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,429,828 |
| Total liabilities and net assets/fund balances | $1,429,828 |
Grants Awarded
Over the last fiscal year, Divine Child Alumni Association Foundation has awarded $102,884 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE DIVINE CHILD- DIVINE CHILD HIGH SCHOOL PURPOSE: Monies provided to the Church of the Divine Child, the parish-owner of the supported organization, Divine Child High School, for the purpose of funding tuition-related scholarships for students the high school has awarded financial assistance to. | $22,250 |
DIVINE CHILD ALUMNI ASSOCIATION PURPOSE: Indirect contribution made for the benefit of Divine Child High School incurred by the filing organization paying the expense for publishing and mailing the alumni newsletter to inform alumni, family and supporters about the activities of the school. This is a program that supports the high school and is an expense the high school or the Divine Child Alumni Association would otherwise have to bear in order to keep the alumni informed. | $13,884 |
DIVINE CHILD ALUMNI ASSOCIATION PURPOSE: These are funds provided for the benefit of students attending or who have graduated from Divine Child High School to be used for tuition related expenses for education. The funds were submitted to the Divine Child Alumni Association, which in conjunction with the filing organization, will administer distribution of these monies for the benefit of students or their families for tuition. The Divine Child High School administration or by the Church of the Divine Child selects the students who are awarded the funds as well as the dollar amount to be granted and paid by the filing organization. | $16,750 |
CHURCH OF THE DIVINE CHILD- DIVINE CHILD HIGH SCHOOL PURPOSE: Provide funding as part of a gift program to renovate the weight room and lockers of the parish's high school (Divine Child High School), which is the supported organization of the filing organization. | $50,000 |