Newman High School Foundation
- Assets
- $21.9m
- Revenue
- $2.7m
- Investments
- $4.1m
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 02/1978
- Data as of
- 06/2023
- EIN
- 42-1078829
Organization Overview
Newman High School Foundation is located in Mason City, IA. The organization was established in 1978. 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. Newman High School 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 06/2023, Newman High School Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 24.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE NEWMAN CATHOLIC SCHOOLS MISSION OF EDUCATING STUDENTS IN THE CATHOLIC TRADITION TO LIVE AS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID TO NEWMAN CATHOLIC SCHOOL SYSTEM FOR SCHOLARSHIPS, TEACHER INCENTIVE PAY, CAPITAL EXPENDITURES, AND GENERAL OPERATING EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Gribben Director | Trustee | 1 | $0 |
Jason Geving Secretary | OfficerTrustee | 1 | $0 |
Andy Meyer President | OfficerTrustee | 1 | $0 |
Archbishop Michael Jackels Director | Trustee | 1 | $0 |
Rev Msgr Thomas Toale Director | Trustee | 1 | $0 |
Shelly Schmit Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $119,714 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,785,697 |
| Noncash contributions included in lines 1a–1f | $187,235 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,905,411 |
| Total Program Service Revenue | $0 |
| Investment income | $605,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,567 |
| Net Income from Fundraising Events | $109,067 |
| Net Income from Gaming Activities | $15,336 |
| Net Income from Sales of Inventory | $11,806 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,658,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,392,147 |
| 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. | $63,107 |
| Compensation of current officers, directors, key employees. | $6,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,687 |
| Payroll taxes | $8,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $70,416 |
| Fees for services: Investment Management | $23,661 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,276 |
| Office expenses | $31,427 |
| Information technology | $6,386 |
| 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 | $4,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,150 |
| All other expenses | $0 |
| Total functional expenses | $1,682,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,715,140 |
| Pledges and grants receivable | $2,513,470 |
| Accounts receivable, net | $1,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,069 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,568,933 |
| Investments—other securities | $4,056,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,895,362 |
| Accounts payable and accrued expenses | $65,667 |
| 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 | $65,667 |
| Net assets without donor restrictions | $12,956,273 |
| Net assets with donor restrictions | $8,873,422 |
| 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 | $21,895,362 |