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← SCANLAN FOUNDATION

Form 990 for tax year 2023

Filed by SCANLAN FOUNDATION.

Totals

Total revenue
$13,953,882
Total expenses
$6,968,481
Contributions and grants received
$26,265
Grants paid
$5,539,715
Program service revenue
$0
Investment income
$12,513,519
Other revenue
$1,414,098
Total assets, end of year
$237,809,800
Total liabilities, end of year
$5,742
Net assets or fund balances, end of year
$237,804,058
Program services expenses (Part IX)
$5,890,704
Management and general expenses
$1,077,777
Fundraising expenses
$0
Program service expenses (Part III)
$5,890,704

Program services were 84.5% 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.

  • 1e · Government grants (contributions)

    $26,265

  • 3 · Investment income

    total $5,823,808 · unrelated business -$175,474 · excluded $5,999,282

  • 5 · Royalties

    total $1,207,681 · unrelated business $8,365 · excluded $1,199,316

  • 6a · Gross rents

    real property $206,417

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $206,417

  • 6d · Net rental income or loss

    total $206,417 · excluded $206,417

  • 7a · Gross sales of assets other than inventory

    securities $16,654,637

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

    securities $9,964,926

  • 7c · Gain or loss

    securities $6,689,711

  • 7d · Net gain or loss

    total $6,689,711 · excluded $6,689,711

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,539,715 · program services $5,539,715

  • 5 · Compensation of officers, directors and key employees

    total $180,000 · program services $144,000 · management and general $36,000

  • 7 · Other salaries and wages

    total $73,175 · program services $14,635 · management and general $58,540

  • 9 · Other employee benefits

    total $5,731 · program services $1,146 · management and general $4,585

  • 10 · Payroll taxes

    total $24,183 · program services $15,477 · management and general $8,706

  • 11b · Fees: legal

    total $19,171 · management and general $19,171

  • 11c · Fees: accounting

    total $33,774 · management and general $33,774

  • 11f · Fees: investment management

    total $576,689 · management and general $576,689

  • 11g · Fees: other

    total $124,400 · management and general $124,400

  • 12 · Advertising and promotion

    total $5,058 · program services $3,035 · management and general $2,023

  • 13 · Office expenses

    total $38,599 · program services $23,159 · management and general $15,440

  • 14 · Information technology

    total $9,219 · program services $5,531 · management and general $3,688

  • 16 · Occupancy

    total $42,490 · program services $25,494 · management and general $16,996

  • 17 · Travel

    total $7,315 · program services $4,389 · management and general $2,926

  • 19 · Conferences, conventions and meetings

    total $27,901 · program services $23,995 · management and general $3,906

  • 22 · Depreciation, depletion and amortization

    total $3,139 · program services $3,139

  • 23 · Insurance

    total $126,866 · program services $74,851 · management and general $52,015

  • 24a · Other expenses: TAXES - PROP/SEV/FOREIG

    total $109,258 · management and general $109,258

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $11,000 · program services $6,600 · management and general $4,400

  • 24c · Other expenses: NON-GRANT SPONSORSHIPS

    total $3,773 · program services $3,773

  • 24d · Other expenses: BOOKS & REFERENCE MATER

    total $2,942 · program services $1,765 · management and general $1,177

  • 24e · All other expenses

    total $4,083 · management and general $4,083

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,555 · end of year $297,998

  • 2 · Savings and temporary cash investments

    beginning of year $3,734,150 · end of year $2,896,401

  • 10a · Land, buildings and equipment: cost or other basis

    $39,799

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,393

  • 10c · Land, buildings and equipment, net

    beginning of year $7,859 · end of year $12,406

  • 11 · Investments: publicly traded securities

    beginning of year $189,950,638 · end of year $215,510,981

  • 12 · Investments: other securities

    beginning of year $15,830,100 · end of year $15,107,940

  • 15 · Other assets

    beginning of year $3,984,074 · end of year $3,984,074

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,180 · end of year $5,742

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,368,698 · end of year $2,368,698

  • 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 $211,417,498 · end of year $235,435,360

Mission and programs · 2023

Mission

TO PROMOTE THE CATHOLIC FAITH AND PRACTICES IN TEXAS BY SUPPORTING CATHOLIC RELIGIOUS, EDUCATIONAL & CHARITABLE ACTIVITIES IN TEXAS.

Activities or mission (Part I)

TO SUPPORT CATHOLIC RELIGIOUS, EDUCATIONAL & CHARITABLE ACTIVITIES AND ORGANIZATIONS IN TEXAS.

  • THE FOUNDATION PROVIDED GRANTS TO SUPPORT VARIOUS CATHOLIC RELIGIOUS, EDUCATIONAL AND CHARITABLE ORGANIZATIONS AND ACTIVITIES IN TEXAS TO PROMOTE THE CATHOLIC FAITH AND PRACTICES INCLUDING SPIRITUAL AND CORPORAL WORKS OF MERCY.

    Expenses $5,890,704 · Grants $5,539,715

As filed on the 2023 return.

Listed in Part VII

  • Kirk M Pfeffer

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Larry W Massey Jr

    PRESIDENT/DIRECTOR

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Paul H Layne

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Cardinal Dinardo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • William H Cravens

    EXECUTIVE VICE PRESIDENT/D

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SF MANAGEMENT HOLDINGS LLC

    HOLDING COMPANY · TX · income $0 · assets $17,940

    Directly controlled by SCANLAN FOUNDATION

  • SFFS REALTY LLC

    INVESTMENT · TX · income $99,315 · assets $5,849,591

    Directly controlled by SF MANAGEMENT HOLDINGS LLC

  • SCANLAN 1881 FARM AND RANCH CO LLC

    FARM & RENTAL · TX · income $282,977 · assets $3,117,573

    Directly controlled by SF MANAGEMENT HOLDINGS LLC

  • AQUINAS HOUSE

    RENTAL · TX · income $31,500 · assets $927,351

    Directly controlled by SF MANAGEMENT HOLDINGS LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RB ENERGY HOLDINGS LLC

    C · INVESTMENT · TX · 100% owned · share of income $450,000 · share of assets $4,930,000

    Directly controlled by SF MANAGEMENT HOLDINGS LLC

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202403109349303085

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