Minot Catholic Schools Foundation

Organization Overview

Minot Catholic Schools Foundation is located in Minot, ND. The organization was established in 1977. 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. Minot Catholic Schools 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 06/2021, Minot Catholic Schools Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $599.6k during the year ending 06/2021. While expenses have increased by 9.6% per year over the past 6 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION RAISES MONEY TO HELP SUPPORT BISHOP RYAN HIGH SCHOOL THROUGH DIRECT DISBURSEMENTS AS WELL AS WORK STUDY DISBURSEMENTS TO STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISBURSEMENTS TO BISHOP RYAN HIGH SCHOOL FOR WORK STUDY TO PAY TUITION FOR STUDENTS ATTENDING BISHOP RYAN HIGH SCHOOL AS WELL AS MATH BOOKS AND OTHER PROGRAM RELATED EXPENSE


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Board, Officers & Key Employees

Name (title)Compensation
Lindsey Wald
Executive Director
$4,000
Dean Rubbleke
President
$0
Danny Schall
Secretary/treasurer
$0
Gregg Magnuson
Vice President
$0
Jon Backes
Director
$0
Mary Prough
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,167,092
Noncash contributions included in lines 1a–1f $15,181
Total Revenue from Contributions, Gifts, Grants & Similar$1,167,092
Total Program Service Revenue$0
Investment income $149,530
Tax Exempt Bond Proceeds $0
Royalties $63
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $3,906
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,517,568

Grants Awarded

Over the last fiscal year, Minot Catholic Schools Foundation has awarded $360,174 in support to 2 organizations.

Grant RecipientAmount

MINOT CATHOLIC SCHOOLS

Org PageRecipient Profile

Minot, ND

PURPOSE: FULFILL FOUNDATION'S MISSION STATEMENT

$258,800

MINOT STATE UNIVERSITY

Org PageRecipient Profile

Minot, ND

PURPOSE: PASSTHROUGH GRANT TO HELP FULFILL THE MINOT CATHOLIC SCHOOLS FOUDATION MISSION

$101,374
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Minot Catholic Schools Foundation has recieved totaling $39,675.

Awarding OrganizationAmount
Minot Community Foundation

Minot, ND

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$32,500
Minot Community Foundation

Minot, ND

PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION.

$7,175
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,693,298
Earnings$1,240,460
Net Contributions$889,601
Other Expense$254,173
Ending Balance$8,569,186

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