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Nonprofiteer
← CATHOLIC SCHOOLS FOUNDATION OF WINONA MN INC

Form 990 for tax year 2022

Filed by CATHOLIC SCHOOLS FOUNDATION OF WINONA MN INC.

Totals

Total revenue
-$131,692
Total expenses
$7,026,030
Contributions and grants received
$178,354
Grants paid
$7,005,658
Program service revenue
$0
Investment income
-$310,046
Other revenue
$0
Total assets, end of year
$6,830,658
Total liabilities, end of year
$6,830,658
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$7,005,658
Management and general expenses
$20,372
Fundraising expenses
$0
Program service expenses (Part III)
$7,005,658

Program services were 99.7% 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.

  • 1f · All other contributions, gifts and grants

    $178,354

  • 3 · Investment income

    total $173,495 · excluded $173,495

  • 7a · Gross sales of assets other than inventory

    securities $3,159,317

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

    securities $3,642,858

  • 7c · Gain or loss

    securities -$483,541

  • 7d · Net gain or loss

    total -$483,541 · excluded -$483,541

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,005,658 · program services $7,005,658

  • 11c · Fees: accounting

    total $6,040 · management and general $6,040

  • 11g · Fees: other

    total $12,000 · management and general $12,000

  • 13 · Office expenses

    total $2,307 · management and general $2,307

  • 24a · Other expenses: MN FILING FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134 · end of year $781

  • 2 · Savings and temporary cash investments

    beginning of year $177,739 · end of year $186,398

  • 11 · Investments: publicly traded securities

    beginning of year $5,962,564 · end of year $6,580,546

  • 15 · Other assets

    beginning of year $56,801 · end of year $62,933

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,120

  • 18 · Grants payable

    beginning of year $64,915 · end of year $6,830,658

  • 27 · Net assets without donor restrictions

    beginning of year $15 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $6,120,188 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND TUITION AID, AND TO PROMOTE CATHOLIC ELEMENTARY AND SECONDARY EDUCATION IN THE WINONA, MN AREA

Activities or mission (Part I)

TO PROVIDE FINANCIAL ASSISTANCE TO AND PROMOTE CATHOLIC EDUCATION ELEMENTARY AND SECONDARY EDUCATION IN THE WINONA MINNESOTA AREA

  • THE FOUNDATION INVESTS CONTRIBUTIONS RECEIVED FROM THE GENERAL PUBLIC AND DISTRIBUTES THE EARNINGS TO WINONA AREA CATHOLIC SCHOOLS AND COTTER SCHOOLS

    Expenses $7,005,658 · Grants $7,005,658

As filed on the 2022 return.

Listed in Part VII

  • Mike Hansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Paul Morgan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sue Savat

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Maureen Speltz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Don Evanson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Rev Michael Cronin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • Mary Eileen Fitch

    TRUSTEE

    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

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202420609349300907

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