Divine Child Alumni Association Foundation
- Assets
- $1.8m
- Revenue
- $208.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dearborn, MI
- Founding
- 04/1986
- Data as of
- 12/2021
- 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 12/2021, Divine Child Alumni Association Foundation generated $208.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $109.4k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 6 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
2021
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.
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.
PROVIDING FINANCIAL SUPPORT TO THE DIVINE CHILD ALUMNI ASSOCIATION, A CODE SECTION 501(C)(4) ORGANIZATION, IN ORDER TO DEFRAY EXPENSES OF THE COST OF THE ALUMNI NEWSLETTER, FUNDS TO BE DISTRIBUTED TO DIVINE CHILD HIGH SCHOOL FOR CERTAIN OF ITS SCHOLARSHIP PROGRAMS, AND OTHER EXPENSES THAT ARE INCURRED TO SUPPORT DIVINE CHILD HIGH SCHOOL.
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 | 1 | $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 | $50,753 |
| 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 | $50,753 |
| Total Program Service Revenue | $0 |
| Investment income | $125,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,445 |
| 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 | $13,647 |
| 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 | $348 |
| Total functional expenses | $109,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,866 |
| 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 | $1,769,527 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,842,393 |
| 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 | $1,842,393 |
| Total liabilities and net assets/fund balances | $1,842,393 |
Grants Awarded
Over the last fiscal year, Divine Child Alumni Association Foundation has awarded $95,445 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
CHURCH OF THE DIVINE CHILD-DIVINE CHILD HIGH SCHOOL PURPOSE: Support of Divine Child High School by paying the tuition of students the high school has awarded assistance to. | $25,300 |
Dearborn, MI PURPOSE: Provide financial support for expenses incurred in carrying on programs and activities for the benefit of Divine Child High School, including payment for publishing newsletters to inform alumni of activities of the school and subsidizing some scholarships for partial payment of tuition at the school. | $20,145 |
Endowment Analysis
| Beg. Balance | $1,449,957 |
| Earnings | $156,968 |
| Admin Expense | $13,647 |
| Net Contributions | $50,753 |
| Grants | $95,445 |
| Ending Balance | $1,548,586 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alumni Association Of The University Of Michigan Ann Arbor, MI | $176,574,081 | $18,254,145 |
Ohio State University Alumni Association Inc Columbus, OH | $38,232,745 | $14,093,968 |
Indiana University Alumni Association Inc Bloomington, IN | $31,479,674 | $10,109,353 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
Purdue Alumni Association Inc Memorial Union Building West Lafayette, IN | $28,454,716 | $5,513,832 |
Case Alumni Associationincorporated Cleveland, OH | $4,548,848 | $4,106,693 |
University School Alumni Assoc Shaker Heights, OH | $141,981 | $3,476,186 |
University Of The Philippines Medical Alumni Society In America Lafayette, IN | $12,245,411 | $1,758,364 |
Forest Hills Pto & Boosters Council Grand Rapids, MI | $1,625,695 | $1,126,806 |
Classic For Columbus Columbus, OH | $299,061 | $1,056,060 |
Phi Alumnae Of Delta Gamma Inc Columbus, OH | $2,783,328 | $1,124,914 |