Totals
- Total revenue
- -$78,780
- Total expenses
- $352,919
- Contributions and grants received
- $0
- Grants paid
- $300,000
- Program service revenue
- $0
- Investment income
- -$78,975
- Other revenue
- $195
- Total assets, end of year
- $7,377,215
- Total liabilities, end of year
- $150,000
- Net assets or fund balances, end of year
- $7,227,215
- Program services expenses (Part IX)
- $300,000
- Management and general expenses
- $52,919
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $300,000
Program services were 85.0% 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.
-
3 · Investment income
total $164,012 · related or exempt $164,012
-
7a · Gross sales of assets other than inventory
securities $3,345,061
-
7b · Less cost or other basis and sales expenses
securities $3,588,048
-
7c · Gain or loss
securities -$242,987
-
7d · Net gain or loss
total -$242,987 · related or exempt -$242,987
-
11a · Other revenue: OTHER
total $195 · related or exempt $195
-
11e · Other revenue, total
$195
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $300,000 · program services $300,000
-
11c · Fees: accounting
total $7,400 · management and general $7,400
-
24a · Other expenses: INVESTMENT FEES
total $44,939 · management and general $44,939
-
24b · Other expenses: VARIOUS TAX & FILING FE
total $580 · management and general $580
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,657 · end of year $4,271
-
11 · Investments: publicly traded securities
beginning of year $7,137,036 · end of year $7,355,177
-
15 · Other assets
beginning of year $17,677 · end of year $17,767
-
18 · Grants payable
beginning of year $150,000 · end of year $150,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $7,009,370 · end of year $7,227,215
Mission and programs · 2022
Mission
THE FOUNDATION'S PRIMARY MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONAL EXPENSES OF LOCAL CATHOLIC SCHOOLS IN THE ROMAN CATHOLIC DIOCESE OF ERIE PA.
Activities or mission (Part I)
TO PROVIDE FINANICAL SUPPORT FOR THE LOCAL CATHOLIC SCHOOLS IN THE ROMAN CATHOLIC DIOCESE OF ERIE PA.
-
FINANCIAL SUPPORT FOR THE ELK COUNTY CATHOLIC SCHOOL SYSTEM
Expenses $300,000 · Grants $300,000
As filed on the 2022 return.
Listed in Part VII
-
Most Rev Lawrence Persico JclMOST REV LAWRENCE PERSICO JCL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.2
-
Catherine MolnarCATHERINE MOLNAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Mary Catherine ReuscherMARY CATHERINE REUSCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Conrad J KogovsekCONRAD J KOGOVSEK
SEC/TREASURER
- Total calculated
- $0
- Hours/week
- 0.2
-
Edward F CroweEDWARD F CROWE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
William HoffmanWILLIAM HOFFMAN
VICE- PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
John ReuscherJOHN REUSCHER
DIRECTOR
- 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
-
ELK COUNTY CATHOLIC SCHOOL SYSTEM
$300,000
OPER SUPPORT
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.
-
ROMAN CATHOLIC DIOCESE OF ERIE PA
509(a)(1) · COORDINATING CATHOLIC LIFE AND WORSHIP THROUGHOUT THE 13 COUNTIES IN NW PA. · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431169349300333
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