Ludington Area Catholic Education Foundation is located in Ludington, MI. The organization was established in 1990. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Ludington Area Catholic Education 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, Ludington Area Catholic Education Foundation generated $142.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $166.7k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO ST. SIMON CATHOLIC CHURCH'S SCHOOL LUDINGTON AREA CATHOLIC SCHOOL WHICH OFFERS EDUCATION FOR STUDENTS IN GRADES K THROUGH 8TH.
Describe the Organization's Program Activity:
Part 3
GRANTS PAID TO LUDINGTON AREA CATHOLIC SCHOOL FOR GENERAL SCHOOL OPERATIONS.
GRANTS PAID TO LUDINGTON AREA CATHOLIC SCHOOL FOR TUITION WAIVERS GRANTED BY THE SCHOOL'S BOARD OF EDUCATION.
GRANTS PAID TO THE PARISH FAITH FORMATION PROGRAM FOR GENERAL OPERATIONS
COLLEGE SCHOLARSHIPS OF $1,000 EACH AWARDED TO THREE GRADUATES OF LUDINGTON AREA CATHOLIC SCHOOLS
GRANTS PAID TO LUDINGTON AREA CATHOLIC SCHOOL FOR GENERAL SCHOOL OPERATIONS.
GRANTS PAID TO LUDINGTON AREA CATHOLIC SCHOOL FOR TUITION WAIVERS GRANTED BY THE SCHOOL'S BOARD OF EDUCATION.
GRANTS PAID TO THE PARISH FAITH FORMATION PROGRAM FOR GENERAL OPERATIONS
COLLEGE SCHOLARSHIPS OF $1,000 EACH AWARDED TO THREE GRADUATES OF LUDINGTON AREA CATHOLIC SCHOOLS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bulger John R Secretary | 0 | $0 | |
Keller Charles President | 5 | $0 | |
Deering Rick Vice President | 0 | $0 | |
Knizacky Fabian Treasurer | 5 | $0 | |
Claire Geralyn Director | 0 | $0 | |
Fellows John Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $110,340 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $31,864 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $142,204 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $264 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $434 |
Other expenses | $0 |
Total expenses | $166,698 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $377,702 |
Other assets | $0 |
Total assets | $377,702 |
Total liabilities | $1,000 |
Net assets or fund balances | $376,702 |
Over the last fiscal year, Ludington Area Catholic Education Foundation has awarded $118,800 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
LUDINGTON AREA CATHOLIC SCHOOLST SIMON'S CATHOLIC CHURCH PURPOSE: SCHOOL OPERATIONS | $96,000 |
LUDINGTON AREA CATHOLIC SCHOOLST SIMON'S CATHOLIC CHURCH PURPOSE: TUITION WAIVERS | $14,000 |
ST SIMON'S CHURCHFAITH FORMATION PROGRAM PURPOSE: GENERAL OPERATIONS | $8,800 |
Over the last fiscal year, we have identified 1 grants that Ludington Area Catholic Education Foundation has recieved totaling $109,340.
Awarding Organization | Amount |
---|---|
Muskegon County Community Foundation Muskegon, MI PURPOSE: GENERAL OPERATING SUPPORT; SCHOOL OPERATING EXPENSES ENDOWMENT | $109,340 |
Organization Name | Assets | Revenue |
---|---|---|
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |