Newman High School Foundation
- Assets
- $19.8m
- Revenue
- $5.1m
- Investments
- $13.4m
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 02/1978
- Data as of
- 06/2022
- 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 06/2022, Newman High School Foundation generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 28.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Lynn Ptacek Executive Director | Officer | 40 | $60,535 |
Shelly Schmit Secretary | OfficerTrustee | 1 | $0 |
Mike Castle Treasurer | OfficerTrustee | 2 | $0 |
Angela Determan Past President | OfficerTrustee | 3 | $0 |
Mike Anderegg President | OfficerTrustee | 1 | $0 |
Jeff Gribben Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,620 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,088,071 |
| Noncash contributions included in lines 1a–1f | $678,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,162,691 |
| Total Program Service Revenue | $0 |
| Investment income | $786,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,464 |
| Net Income from Fundraising Events | $120,607 |
| Net Income from Gaming Activities | $9,175 |
| Net Income from Sales of Inventory | $20,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,093,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,217,903 |
| 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. | $60,536 |
| Compensation of current officers, directors, key employees. | $6,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,486 |
| Payroll taxes | $8,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $296,009 |
| Fees for services: Investment Management | $18,680 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,097 |
| Office expenses | $34,940 |
| Information technology | $4,374 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,000 |
| All other expenses | $500 |
| Total functional expenses | $1,715,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,528,401 |
| Pledges and grants receivable | $2,118,102 |
| Accounts receivable, net | $441 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,372 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,735,001 |
| Investments—other securities | $13,403,111 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,812,428 |
| Accounts payable and accrued expenses | $103,405 |
| 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 | $103,405 |
| Net assets without donor restrictions | $11,734,038 |
| Net assets with donor restrictions | $7,974,985 |
| 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 | $19,812,428 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Newman High School Foundation has recieved totaling $1,340.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $390 |
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $250 |
Endowment Analysis
| Beg. Balance | $4,604,322 |
| Earnings | $3,419 |
| Net Contributions | $400,595 |
| Grants | $6,515 |
| Ending Balance | $5,001,821 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
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 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
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 |