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Nonprofiteer
← ST MARYS CATHOLIC FOUNDATION

Form 990 for tax year 2024

Filed by ST MARYS CATHOLIC FOUNDATION.

Totals

Total revenue
$748,439
Total expenses
$365,021
Contributions and grants received
$0
Grants paid
$300,000
Program service revenue
$0
Investment income
$748,382
Other revenue
$57
Total assets, end of year
$9,662,624
Total liabilities, end of year
$150,000
Net assets or fund balances, end of year
$9,512,624
Program services expenses (Part IX)
$300,000
Management and general expenses
$65,021
Fundraising expenses
$0
Program service expenses (Part III)
$300,000

Program services were 82.2% 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.

  • 3 · Investment income

    total $209,794 · related or exempt $209,794

  • 7a · Gross sales of assets other than inventory

    securities $3,212,384

  • 7b · Less cost or other basis and sales expenses

    securities $2,673,796

  • 7c · Gain or loss

    securities $538,588

  • 7d · Net gain or loss

    total $538,588 · related or exempt $538,588

  • 11a · Other revenue: OTHER

    total $57 · related or exempt $57

  • 11e · Other revenue, total

    $57

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

  • 11c · Fees: accounting

    total $7,600 · management and general $7,600

  • 11g · Fees: other

    total $1 · management and general $1

  • 24a · Other expenses: INVESTMENT FEES

    total $57,199 · management and general $57,199

  • 24b · Other expenses: VARIOUS TAX & FILING FE

    total $221 · management and general $221

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,258 · end of year $1,839

  • 11 · Investments: publicly traded securities

    beginning of year $8,724,324 · end of year $9,641,243

  • 15 · Other assets

    beginning of year $15,380 · end of year $19,542

  • 18 · Grants payable

    beginning of year $150,000 · end of year $150,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,593,962 · end of year $9,512,624

Mission and programs · 2024

Mission

THE FOUNDATION'S PRIMARY MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONAL EXPENSES OF LOCAL CATHOLIC SCHOOLS IN THE ROMAN CATHOLIC DIOCESE OF ERIE PA.

Activities or mission (Part I)

TO PROVIDE FINANICAL SUPPORT FOR THE LOCAL CATHOLIC SCHOOLS IN THE ROMAN CATHOLIC DIOCESE OF ERIE PA.

  • FINANCIAL SUPPORT FOR THE ELK COUNTY CATHOLIC SCHOOL SYSTEM

    Expenses $300,000 · Grants $300,000

As filed on the 2024 return.

Listed in Part VII

  • Most Rev Lawrence Persico Jcl

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2

  • Catherine Molnar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Mary Catherine Reuscher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Conrad J Kogovsek

    SEC/TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Edward F Crowe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • William Hoffman

    VICE- PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • John Reuscher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202611249349302706

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