Walsh Jesuit High School Foundation
- Assets
- $22.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Cuyahoga Falls, OH
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 47-4892958
Organization Overview
Walsh Jesuit High School Foundation is located in Cuyahoga Falls, OH. The organization was established in 1946. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Walsh Jesuit 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 06/2021, Walsh Jesuit High School Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $889.2k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT WALSH JESUIT HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO WALSH JESUIT HIGH SCHOOL FOR TUITION ASSISTANCE AND CERTAIN OPERATIONAL PROGRAMS AS DIRECTED BY DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Abraham Chairman | OfficerTrustee | 2 | $0 |
Colleen Joyce Secretary | OfficerTrustee | 2 | $0 |
Richard P Bedell Treasurer | OfficerTrustee | 2 | $0 |
Christopher Scala Director | Trustee | 2 | $0 |
Carol Klinger Director | Trustee | 2 | $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 | $330,588 |
| Noncash contributions included in lines 1a–1f | $33,613 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,588 |
| Total Program Service Revenue | $0 |
| Investment income | $742,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $760,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,834,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $830,000 |
| 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. | $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 | $1,020 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,606 |
| Fees for services: Other | $19,845 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $889,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,925 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $44,285 |
| 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 | $0 |
| Investments—publicly traded securities | $21,956,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $801 |
| Total assets | $22,018,417 |
| Accounts payable and accrued expenses | $19,136 |
| 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 | $19,136 |
| Net assets without donor restrictions | $250,095 |
| Net assets with donor restrictions | $21,749,186 |
| 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 | $22,018,417 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Walsh Jesuit High School Foundation has recieved totaling $219,446.
| Awarding Organization | Amount |
|---|---|
Third Federal Foundation Cleveland, OH PURPOSE: CHARITABLE PURPOSE | $60,000 |
Alberty Family Foundation Strongsville, OH PURPOSE: CONTINUED GENERAL OPERATING SUPPORT | $49,538 |
Sutowski Foundation Valley View, OH PURPOSE: GENERAL PROGRAM SUPPORT | $30,000 |
Brubaker Family Foundation Uniontown, OH PURPOSE: WARRIOR FUND & SPORTS SUPPORT | $15,000 |
Lauretta K Peters And Richard R Peters Charitable Foundation Cleveland, OH PURPOSE: IGNATIAN FUND -TUITION ASSISTANCE | $10,000 |
Harrington Family Foundation Key Largo, FL PURPOSE: CHARITABLE | $10,000 |
Endowment Analysis
| Beg. Balance | $17,913,934 |
| Earnings | $4,643,930 |
| Admin Expense | $60,171 |
| Net Contributions | $331,588 |
| Grants | $830,000 |
| Ending Balance | $21,999,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |