Parkersburg Catholic Schools Fndn Inc
- Assets
- $1.5m
- Revenue
- $158.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Parkersburg, WV
- Founding
- 02/1981
- Data as of
- 06/2022
- EIN
- 55-0602479
Organization Overview
Parkersburg Catholic Schools Fndn Inc is located in Parkersburg, WV. The organization was established in 1981. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary 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. Parkersburg Catholic Schools Fndn 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, Parkersburg Catholic Schools Fndn Inc generated $158.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $182.0k during the year ending 06/2022. While expenses have increased by 3.0% 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.
Since 2016, Parkersburg Catholic Schools Fndn Inc has awarded 20 individual grants totaling $993,910. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO FINANCIALLY SUPPORT THE PARKERSBURG CATHOLIC SCHOOL SYSTEM BY PROVIDING DIRECT MONETARY SUPPORT IN THE FORM OF TUITION ASSISTANCE, CAPITAL NEEDS, AND OPERATING EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PARKERSBURG CATHOLIC HIGH SCHOOL AND PARKERSBURG CATHOLIC ELEMENTARY SCHOOL FOR PAYROLL AND ADMINISTRATIVE SUPPORT.
DONATIONS FROM PARKERSBURG CATHOLIC SCHOOLS FOUNDATION FOR CHARITABLE PURPOSES. THE FOUNDATION DONATED THE WOUX CATHOLIC RADIO TOWER TO ST. PAUL RADIO CO. (A 510(C)(3) ORGANIZAITION) ON 2/4/22. THEY ALSO DONATED THE CHECKING ACCOUNT ASSOCIATED WITH THE ASSET, WHICH HAD A BALANCE OF 578 AT THE DATE OF TRANSFER. AS PART OF THE AGREEMENT ST. PAUL RADIO CONTRIBUTED 10,000 TO THE FOUNDATION TO EXTINGUISH THE DEBT ASSOCIATED WITH THE RADIO TOWER. THIS CONTRIBUTION IS RECORDED IN CONTRIBUTIONS RECEIVED IN THE RETURN
GRANTS TO PARKERSBURG CATHOLIC HIGH SCHOOL AND PARKERSBURG CATHOLIC ELEMENTARY SCHOOL FOR TUITION ASSISTANCE.
SCHOLARSHIPS AND AWARDS TO INDIVIDUAL STUDENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Smith Secretary/tr | OfficerTrustee | $0 | |
Rev Stephen Vallelonga Director | Trustee | $0 | |
Todd Wiseman President | OfficerTrustee | $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 | $103,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,325 |
| Total Program Service Revenue | $0 |
| Investment income | $15,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $157,811 |
| Grants and other assistance to domestic individuals. | $5,300 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,645 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,204 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,761 |
| 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 | $2,274 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $181,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,487 |
| 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 | $0 |
| Investments—publicly traded securities | $1,150,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $391,143 |
| Total assets | $1,548,484 |
| Accounts payable and accrued expenses | $0 |
| 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 | $174,488 |
| Total liabilities | $174,488 |
| Net assets without donor restrictions | $1,373,996 |
| Net assets with donor restrictions | $0 |
| 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 | $1,548,484 |
Grants Awarded
Over the last fiscal year, Parkersburg Catholic Schools Fndn Inc has awarded $157,811 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PARKERSBURG CATHOLIC SCHOOLS PURPOSE: ADMIN SUPPORT | $85,695 |
PARKERSBURG CATHOLIC SCHOOLS PURPOSE: TUITION ASSISTANCE | $35,147 |
STPAUL RADIO CO PURPOSE: CATHOLIC RADIO | $36,969 |