Lourdes Foundation Inc
- Assets
- $4.0m
- Revenue
- $477.3k
- Investments
- $3.0m
- Employees
- 0
- Location
- Oshkosh, WI
- Founding
- 12/1980
- Data as of
- 06/2022
- EIN
- 39-1358583
Organization Overview
Lourdes Foundation Inc is located in Oshkosh, WI. The organization was established in 1980. According to its NTEE Classification (B25) the organization is classified as: Secondary & High 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. Lourdes Foundation Inc 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 06/2022, Lourdes Foundation Inc generated $477.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
PROVIDE SUPPORT FOR LOURDES ACADEMY OF OSHKOSH WISCONSIN, INC. GENERAL OPERATIONS AND TUITION ASSISTANCE FOR NEEDY FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO LOURDES ACADEMY OF OSHKOSH WISCONSIN INC. FOR GENERAL OPERATIONS AND EXPENSES OF OPERATING A PAROCHIAL GRADE SCHOOL AND HIGH SCHOOL AND TUITION ASSISTANCE FOR NEEDY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Buttke President | OfficerTrustee | 1 | $0 |
Dr Ben Heinzen Secretary | OfficerTrustee | 1 | $0 |
Gary Griedl Treasurer | OfficerTrustee | 1 | $0 |
Joe Kaufmann Vice President | OfficerTrustee | 1 | $0 |
John Dinegan Ex-Officio, Lao President | Trustee | 4 | $0 |
Tony Wilhm Ex-Officio, Lao School Liason | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,075 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,655 |
| Total Program Service Revenue | $0 |
| Investment income | $70,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,774 |
| Net Gain/Loss on Asset Sales | $71,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $872,370 |
| Grants and other assistance to domestic individuals. | $133,433 |
| 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 | $8,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,967 |
| 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 | $30,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,801 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,115,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,588 |
| 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 | $963,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,042,383 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,036,226 |
| Accounts payable and accrued expenses | $1,299 |
| 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 | $850,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $851,299 |
| Net assets without donor restrictions | $207,795 |
| Net assets with donor restrictions | $2,977,132 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,036,226 |
Endowment Analysis
| Beg. Balance | $4,394,817 |
| Earnings | -$365,708 |
| Admin Expense | $34,057 |
| Net Contributions | $273,632 |
| Other Expense | $574,707 |
| Grants | $801,072 |
| Ending Balance | $2,892,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Michigan High School Athletic Assn Inc East Lansing, MI | $9,673,954 | $13,683,517 |
Cotter Schools Winona, MN | $89,286,042 | $67,304,233 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |
Yeshivas Kesser Yonah Chicago, IL | $9,411,885 | $10,390,976 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |