Cardinal Newman Professorship Foundation Inc
- Assets
- $2.2m
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 12/1995
- Data as of
- 06/2021
- EIN
- 92-0152797
Organization Overview
Cardinal Newman Professorship Foundation Inc is located in Anchorage, AK. The organization was established in 1995. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Cardinal Newman Professorship Foundation 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 06/2021, Cardinal Newman Professorship Foundation Inc generated $139.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $85.1k during the year ending 06/2021. While expenses have increased by 1.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS AND ACTIVITIES IN SUPPORT OF THE CARDINAL NEWMAN PROFESSOR CHAIR AT ALASKA PACIFIC UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Wohlforth Secretary | OfficerTrustee | 0.25 | $0 |
Sister Josephine Aloralrea President | OfficerTrustee | 0.25 | $0 |
Don Keil Board Member | Trustee | 0.25 | $0 |
Father Leo Walsh Board Member | Trustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $29,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $78,593 |
| 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 | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $2,358 |
| Total functional expenses | $85,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $106,952 |
| 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 | $2,097,950 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,204,902 |
| 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 | $111,543 |
| Total liabilities | $111,543 |
| Net assets without donor restrictions | $893,359 |
| Net assets with donor restrictions | $1,200,000 |
| 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 | $2,204,902 |
Endowment Analysis
| Beg. Balance | $1,586,241 |
| Earnings | $592,169 |
| Other Expense | $6,458 |
| Grants | $78,593 |
| Ending Balance | $2,093,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Washington University Foundation Bellingham, WA | $158,845,828 | $9,863,334 |
Eastern Washington University Foundation Cheney, WA | $52,356,011 | $6,519,839 |
Great Northern University Spokane, WA | $523,944 | $787,424 |
Achievement Rewards For College Scientists Seattle Chapter Seattle, WA | $1,444,916 | $672,744 |
Northwest Indian College Foundation Bellingham, WA | $7,785,899 | $1,352,551 |
Washington Pulp & Paper Foundation Inc College Of Forest Resources Seattle, WA | $5,143,480 | $343,752 |
Cardinal Newman Professorship Foundation Inc Anchorage, AK | $2,204,902 | $139,704 |
Blue Creek Lodge And Study Center Spokane, WA | $16,714 | $0 |
Second Chance Foundation Snohomish, WA | $36,445 | $0 |
Washington State Grange Foundation Olympia, WA | $2,475,199 | $14,106 |
Appa-Association Of Higher Education Facilities Officers Pullman, WA | $299,832 | $28,034 |