Ludington Area Catholic Education Foundation

Organization Overview

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.

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


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Financial Statements

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

Grants Awarded

Over the last fiscal year, Ludington Area Catholic Education Foundation has awarded $118,800 in support to 3 organizations.

Grant RecipientAmount

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
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ludington Area Catholic Education Foundation has recieved totaling $109,340.

Awarding OrganizationAmount
Muskegon County Community Foundation

Muskegon, MI

PURPOSE: GENERAL OPERATING SUPPORT; SCHOOL OPERATING EXPENSES ENDOWMENT

$109,340
View Grant Recipient Profile

Endowment Analysis

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