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← ST MARYS FOUNDATION OF STORM LAKE IOWA

Form 990 for tax year 2024

Filed by ST MARYS FOUNDATION OF STORM LAKE IOWA.

Totals

Total revenue
$287,759
Total expenses
$207,302
Contributions and grants received
$78,570
Grants paid
$183,159
Program service revenue
$0
Investment income
$209,189
Other revenue
$0
Total assets, end of year
$4,737,852
Total liabilities, end of year
$955,372
Net assets or fund balances, end of year
$3,782,480
Program services expenses (Part IX)
$183,159
Management and general expenses
$24,143
Fundraising expenses
$0
Program service expenses (Part III)
$183,159

Program services were 88.4% 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

    $78,570

  • 3 · Investment income

    total $128,525 · related or exempt $128,525

  • 7a · Gross sales of assets other than inventory

    securities $1,266,231 · other assets $48,165

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

    securities $1,233,732

  • 7c · Gain or loss

    securities $32,499 · other assets $48,165

  • 7d · Net gain or loss

    total $80,664 · related or exempt $80,664

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $183,159 · program services $183,159

  • 11c · Fees: accounting

    total $1,300 · management and general $1,300

  • 11f · Fees: investment management

    total $22,699 · management and general $22,699

  • 13 · Office expenses

    total $144 · management and general $144

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $822,027 · end of year $741,520

  • 11 · Investments: publicly traded securities

    beginning of year $3,625,215 · end of year $3,996,332

  • 21 · Escrow or custodial account liability

    beginning of year $857,269 · end of year $955,372

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,402,853 · end of year $2,402,853

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,187,120 · end of year $1,379,627

Mission and programs · 2024

Mission

OUR MISSION IS TO PROMOTE THE WELFARE OF ST MARY'S PARISH AND SCHOOL

  • ST MARY'S SCHOOL - THE ORGANIZATION CONTRIBUTED 50,000 AND 3,163 FOR THE GENERAL OPERATIONS OF THE SCHOOL. IN ADDITION 10,000 WAS FOR THE ST MARY'S BALL FUNDRAISING EVENT. LASTLY, 15,134, 4,182 AND 9,602 WAS FOR VAPE DETECTORS, CELL PHONE HOLDERS AND DOOR ENTRY EXCESS COSTS.

    Expenses $92,081 · Grants $92,081

  • ST MARY'S SCHOOL - THE ORGANIZATION CONTRIBUTED 42,021 FOR TUITION ASSISTANCE FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE.

    Expenses $42,021 · Grants $42,021

  • ST MARY'S CHURCH - THE ORGANIZATION CONTRIBUTED 43,746 TOWARD DOOR SYSTEM AND 5,311 TOWARD GENERAL OPERATIONS.

    Expenses $49,057 · Grants $49,057

As filed on the 2024 return.

Listed in Part VII

  • Mike Brungardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dale Feilmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jeff Foell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Most Rev John Keehner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jane Kestel

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Leigh Laven

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Rev Brent Lingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Msr Kevin McCoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Duane Miller

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5
  • John Murray

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Marilyn Nelsen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Brad Strader

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2024
Filed
14 October 2025
IRS schema version
2024v5.0
Source object
202502879349301975

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