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← THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER

Form 990 for tax year 2023

Filed by THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION OF GREATER.

Totals

Total revenue
$2,133,673
Total expenses
$910,754
Contributions and grants received
$1,211,582
Grants paid
$893,770
Program service revenue
$0
Investment income
$910,327
Other revenue
$11,764
Total assets, end of year
$27,417,543
Total liabilities, end of year
$774,966
Net assets or fund balances, end of year
$26,642,577
Program services expenses (Part IX)
$893,770
Management and general expenses
$16,984
Fundraising expenses
$0
Program service expenses (Part III)
$893,770

Program services were 98.1% 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

    $6,405

  • 1f · All other contributions, gifts and grants

    $1,205,177

  • 1g · Noncash contributions included above

    $73,527

  • 3 · Investment income

    total $910,327 · excluded $910,327

  • 8a · Fundraising events: gross income

    $0

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

    $6,405

  • 8b · Fundraising events: direct expenses

    $5,974

  • 8c · Net income from fundraising events

    total -$5,974 · excluded -$5,974

  • 11a · Other revenue: INCREASE IN CSV OF LIF

    total $17,738 · excluded $17,738

  • 11e · Other revenue, total

    $17,738

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $893,770 · program services $893,770

  • 11c · Fees: accounting

    total $12,600 · management and general $12,600

  • 13 · Office expenses

    total $1,312 · management and general $1,312

  • 24a · Other expenses: LIFE INSURANCE PREMIUMS

    total $3,072 · management and general $3,072

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,899 · end of year $105,123

  • 3 · Pledges and grants receivable

    beginning of year $773,284 · end of year $1,210,421

  • 15 · Other assets

    beginning of year $22,839,535 · end of year $26,101,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,827 · end of year $44,120

  • 18 · Grants payable

    beginning of year $671,003 · end of year $730,846

  • 27 · Net assets without donor restrictions

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

  • 28 · Net assets with donor restrictions

    beginning of year $22,984,829 · end of year $26,618,518

Mission and programs · 2023

Mission

THE FOUNDATION FOR CATHOLIC SECONDARY EDUCATION EXISTS TO FINANCIALLY SUPPORT EDUCATION PROGRAMS OF THE GRAND RAPIDS CATHOLIC SECONDARY SCHOOLS 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 GRAND RAPIDS CATHOLIC SECONDARY SCHOOLS. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM THE PUBLIC AND PROVIDES GRANTS TO THE GRAND RAPIDS CATHOLIC SECONDARY SCHOOLS.

    Expenses $893,770 · Grants $893,770

As filed on the 2023 return.

Listed in Part VII

  • MOST REVEREND DAVID J WALKOWIAK

    PRESIDENT

    Total calculated
    $43,098
    From this org
    $0
    From related orgs
    $42,558
    Other
    $540
    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
    $164,177
    From this org
    $0
    From related orgs
    $151,247
    Other
    $12,930
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,247 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,930 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $164,177 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

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
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202511339349302296

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