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← THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER

Form 990 for tax year 2024

Filed by THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER.

Totals

Total revenue
$1,629,835
Total expenses
$993,314
Contributions and grants received
$611,758
Grants paid
$975,361
Program service revenue
$0
Investment income
$990,929
Other revenue
$27,148
Total assets, end of year
$29,654,012
Total liabilities, end of year
$861,072
Net assets or fund balances, end of year
$28,792,940
Program services expenses (Part IX)
$975,361
Management and general expenses
$17,953
Fundraising expenses
$0
Program service expenses (Part III)
$975,361

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $920

  • 1f · All other contributions, gifts and grants

    $610,838

  • 1g · Noncash contributions included above

    $10,327

  • 3 · Investment income

    total $990,929 · excluded $990,929

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $920

  • 8b · Fundraising events: direct expenses

    $687

  • 8c · Net income from fundraising events

    total -$687 · excluded -$687

  • 11a · Other revenue: INCREASE IN CSV OF LIFE INSURANCE

    total $27,835 · excluded $27,835

  • 11e · Other revenue, total

    $27,835

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $975,361 · program services $975,361

  • 11c · Fees: accounting

    total $13,400 · management and general $13,400

  • 13 · Office expenses

    total $1,482 · management and general $1,482

  • 24a · Other expenses: LIFE INSURANCE PREMIUMS

    total $3,071 · management and general $3,071

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,123 · end of year $84,495

  • 3 · Pledges and grants receivable

    beginning of year $1,210,421 · end of year $1,293,505

  • 15 · Other assets

    beginning of year $26,101,999 · end of year $28,276,012

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,120 · end of year $51,111

  • 18 · Grants payable

    beginning of year $730,846 · end of year $809,961

  • 27 · Net assets without donor restrictions

    beginning of year $24,059 · end of year $22,408

  • 28 · Net assets with donor restrictions

    beginning of year $26,618,518 · end of year $28,770,532

Mission and programs · 2024

Mission

THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION EXISTS TO FINANCIALLY SUPPORT EDUCATION PROGRAMS OF CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH THROUGH TUITION ASSISTANCE, FACULTY ENHANCEMENT AND PROGRAM/FACILITIES

Activities or mission (Part I)

TO RECEIVE AND ADMINISTER FUNDS IN ORDER TO PROMOTE AND SUPPORT CATHOLIC SECONDARY SCHOOLS

  • THE FOUNDATION SUPPORTS ALL EDUCATIONAL PROGRAMS AT CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM THE PUBLIC AND PROVIDES GRANTS TO CATHOLIC CENTRAL HIGH SCHOOL AND WEST CATHOLIC HIGH.

    Expenses $975,361 · Grants $975,361

As filed on the 2024 return.

Listed in Part VII

  • Most Reverend David J Walkowiak

    PRESIDENT

    Total calculated
    $44,908
    From this org
    $0
    From related orgs
    $44,357
    Other
    $551
    Hours/week
    1 + 39 related

  • Monsignor William H Duncan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Michael A Lown

    SECRETARY/TREASURER

    Total calculated
    $177,057
    From this org
    $0
    From related orgs
    $154,989
    Other
    $22,068
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,989 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,068 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $177,057 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CATHOLIC CENTRAL HIGH SCHOOL

    $500,081

    PROMOTE AND SUPPORT CATHOLIC CENTRAL HIGH SCHOOL

  • WEST CATHOLIC HIGH

    $475,280

    PROMOTE AND SUPPORT WEST CATHOLIC HIGH

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CATHOLIC CENTRAL HIGH SCHOOL

    501(C)(3) · OPERATES A PAROCHIAL HIGH SCHOOL · MI

  • WEST CATHOLIC HIGH

    501(C)(3) · OPERATES A PAROCHIAL HIGH SCHOOL · MI

  • DIOCESE OF GRAND RAPIDS AND RELATED ENTITIES

    501(C)(3) · SERVES AS DIOCESE OVER THE WEST MICHIGAN REGION · MI

  • CATHOLIC FOUNDATION OF WEST MICHIGAN

    501(C)(3) · ACCEPTS GIFTS AND ADMINISTERS EARNINGS ON ENDOWMENT INVESTMENTS · MI

Provenance

Return type
form_990
Tax year
2024
Filed
16 January 2026
IRS schema version
2024v5.5
Source object
202640559349301709

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