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← NATIVITY SCHOOL FOUNDATION

Form 990 for tax year 2023

Filed by NATIVITY SCHOOL FOUNDATION.

Totals

Total revenue
$237,886
Total expenses
$91,202
Contributions and grants received
$61,133
Grants paid
$68,800
Program service revenue
$0
Investment income
$7,270
Other revenue
$169,483
Total assets, end of year
$1,723,742
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,723,742
Program services expenses (Part IX)
$69,623
Management and general expenses
$21,579
Fundraising expenses
$0
Program service expenses (Part III)
$69,623

Program services were 76.3% 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

    $61,133

  • 3 · Investment income

    total $33,812 · excluded $33,812

  • 7a · Gross sales of assets other than inventory

    securities $687,318

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

    securities $713,860

  • 7c · Gain or loss

    securities -$26,542

  • 7d · Net gain or loss

    total -$26,542 · excluded -$26,542

  • 11a · Other revenue: NET CHANGE IN FAIR MAR

    total $169,483 · excluded $169,483

  • 11e · Other revenue, total

    $169,483

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $68,800 · program services $68,800

  • 11f · Fees: investment management

    total $20,933 · management and general $20,933

  • 11g · Fees: other

    total $1,469 · program services $823 · management and general $646

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,268 · end of year $131,744

  • 11 · Investments: publicly traded securities

    beginning of year $1,448,790 · end of year $1,591,998

  • 27 · Net assets without donor restrictions

    beginning of year $1,577,058 · end of year $1,723,742

Mission and programs · 2023

Mission

THE PURPOSE OF THE NATIVITY SCHOOL FOUNDATION IS TO PRESERVE ONE OF BILOXI'S VITAL EDUCATIONAL INSTITUTIONS AND CITY TREASURES NATIVITY BVM ELEMENTARY SCHOOL, WHICH HAS CONTINUOUSLY PRODUCED COMMUNITY LEADERS FOR GENERATIONS. NATIVITY BVM ACCEPTS STUDENTS OF ALL FAITHS AND PROVIDES SUPERIOR EDUCATIONAL OPPORTUNITIES IN A CHRISTIAN FRAMEWORK. ITS SUCCESS IN STUDENT DEVELOPMENT IS UNDERSCORED BY SUPERIOR PERFORMANCE ON STATEWIDE STANDARDIZED TESTS.

  • THE FOUNDATION HAS REACHED ITS GOAL OF $1,050,000 NET ASSETS, AND AS PER BYLAWS, IS ABLE TO MAKE ANNUAL SUPPORT PAYMENTS TO THE NATIVITY BVM ELEMENTARY SCHOOL. IN 2023 THE AMOUNT OF $68,800 WAS PAID. PER THE BYLAWS THE AMOUNT IS LIMITED TO 4% OF THE CORPUS.

    Expenses $68,800 · Grants $68,800

  • ANNUAL MEETING OF DONORS AND COMMUNITY: CONTINUED TO DEVELOP BOARD ACTIVITIES TO SOLICIT DONATIONS AND GRANTS TO ACHIEVE THE PRIMARY GOAL OF MAINTAINING THE FOUNDATIONS NET ASSETS AT $1,050,000 OR MORE SO THAT SUPPORTING PAYMENTS MAY CONTINUE TO BE MADE TO NATIVITY BVM ELEMENTARY SCHOOL.

    Expenses $823

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Bruffey

    PRESIDENT - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Peter Abide

    VICE PRESIDENT- BOARD MEMB

    Total calculated
    $0
    Hours/week
    2

  • Stephen P Theobald

    TREASURER - BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Roland Creel

    SECRETARY - BORAD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth C Joachim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reverend Godfrey Andoh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dewey B Mason

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Claire Mavar Porter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Victor Mavar Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • NATIVITY BVM ELEMENTARY SCHOOL

    $68,800

    SCHOOL SUPPORT TO REDUCE OVERALL TUITION REQUIRED. $405 AWARDED PER EACH ENROLLED FULLTIME STUDENT AND $203 FOR EACH ENROLLED PART-TIME STUDENT. FUNDS DISBURSED DIRECTLY TO THE SCHOOL.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.1
Source object
202442289349301749

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