Form 990 for tax year 2024
Filed by MINOT CATHOLIC SCHOOLS FOUNDATION.
Totals
- Total revenue
- $1,773,612
- Total expenses
- $382,729
- Contributions and grants received
- $453,965
- Grants paid
- $345,283
- Program service revenue
- $0
- Investment income
- $1,142,042
- Other revenue
- $177,605
- Total assets, end of year
- $10,561,512
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $10,561,512
- Program services expenses (Part IX)
- $345,283
- Management and general expenses
- $26,696
- Fundraising expenses
- $10,750
- Program service expenses (Part III)
- $345,283
Program services were 90.2% 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.
-
1f · All other contributions, gifts and grants
$453,965
-
3 · Investment income
total $1,142,042 · excluded $1,142,042
-
5 · Royalties
total $996 · excluded $996
-
8a · Fundraising events: gross income
$26,391
-
8b · Fundraising events: direct expenses
$18,418
-
8c · Net income from fundraising events
total $7,973 · excluded $7,973
-
11a · Other revenue: MISCELLEANEOUS
total $168,636 · related or exempt $168,636
-
11e · Other revenue, total
$168,636
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $345,283 · program services $345,283
-
11a · Fees: management
total $13,868 · management and general $13,868
-
11b · Fees: legal
total $20 · management and general $20
-
11c · Fees: accounting
total $2,584 · management and general $2,584
-
13 · Office expenses
total $1,944 · management and general $1,944
-
23 · Insurance
total $44 · management and general $44
-
24a · Other expenses: ANNUITY PAYMENT
total $10,000 · fundraising $10,000
-
24b · Other expenses: TRUST FEES
total $4,759 · management and general $4,759
-
24c · Other expenses: MISCELLANEOUS
total $3,477 · management and general $3,477
-
24d · Other expenses: SPONSORSHIP
total $750 · fundraising $750
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $103,444 · end of year $164,091
-
2 · Savings and temporary cash investments
beginning of year $281,843 · end of year $604,052
-
11 · Investments: publicly traded securities
beginning of year $8,621,602 · end of year $9,651,195
-
12 · Investments: other securities
beginning of year $107,755 · end of year $142,174
-
27 · Net assets without donor restrictions
beginning of year $957,504 · end of year $176,717
-
28 · Net assets with donor restrictions
beginning of year $8,157,140 · end of year $10,384,795
Mission and programs · 2024
Mission
THE FOUNDATION RAISES MONEY TO HELP SUPPORT BISHOP CATHOLIC SCHOOL THROUGH DIRECT DISBURSEMENTS AND FUNDRAISING EFFORTS.
-
DISBURSEMENTS TO BISHOP RYAN CATHOLIC SCHOOL TO SUPPORT SCHOLARSHIPS FOR FAMILIES AS WELL AS SUPPORT TEACHER COMPENSATAION AND OTHER PROGRAM AND FUNDRAISING EXPENSES.
Expenses $345,283 · Grants $345,283
As filed on the 2024 return.
Listed in Part VII
-
Adam MausADAM MAUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Danny SchallDANNY SCHALL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen RonningSTEPHEN RONNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregg MagnusonGREGG MAGNUSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
James KasperJAMES KASPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jon BackesJON BACKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathleen GaddieKATHLEEN GADDIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael ChristiansonMICHAEL CHRISTIANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim HirchenaKIM HIRCHENA
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Aften GrantAFTEN GRANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Fr KreitingerFR KREITINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Katelyn DenneKATELYN DENNE
FOUNDATION DIRECTOR
- Total calculated
- $60,323
- From this org
- $0
- From related orgs
- $57,290
- Other
- $3,033
- Hours/week
- 0.5
-
Fr Jadyn NelsonFR JADYN NELSON
BRCS PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
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
-
$345,283
FULFILL FOUNDATION'S MISSION STATEMENT
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.
-
501(C)(3) · PRIVATE SCHOOL · ND
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601279349304160
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