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Nonprofiteer
← JUSTIN-SIENA HIGH SCHOOL FOUNDATION INC

Form 990 for tax year 2023

Filed by JUSTIN-SIENA HIGH SCHOOL FOUNDATION INC.

Totals

Total revenue
$258,443
Total expenses
$431,777
Contributions and grants received
$4,694
Grants paid
$428,842
Program service revenue
$0
Investment income
$253,749
Other revenue
$0
Total assets, end of year
$4,312,721
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,312,721
Program services expenses (Part IX)
$428,842
Management and general expenses
$2,935
Fundraising expenses
$0
Program service expenses (Part III)
$428,842

Program services were 99.3% 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

    $4,694

  • 1g · Noncash contributions included above

    $4,694

  • 3 · Investment income

    total $106,474 · excluded $106,474

  • 7a · Gross sales of assets other than inventory

    securities $337,165

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

    securities $189,890

  • 7c · Gain or loss

    securities $147,275

  • 7d · Net gain or loss

    total $147,275 · excluded $147,275

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $428,842 · program services $428,842

  • 11c · Fees: accounting

    total $2,760 · management and general $2,760

  • 11f · Fees: investment management

    total $100 · management and general $100

  • 13 · Office expenses

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,144 · end of year $118,669

  • 2 · Savings and temporary cash investments

    beginning of year $265,615 · end of year $381

  • 12 · Investments: other securities

    beginning of year $4,200,296 · end of year $4,193,671

  • 27 · Net assets without donor restrictions

    beginning of year $2,431,619 · end of year $1,887,876

  • 28 · Net assets with donor restrictions

    beginning of year $2,054,436 · end of year $2,424,845

Mission and programs · 2023

Mission

TO BUILD AND MANAGE AN ENDOWMENT THAT WILL ENSURE THE LONG-TERM FINANCIAL VIABILITY OF JUSTIN-SIENA HIGH SCHOOL.

Activities or mission (Part I)

TO GENERATE FUNDS FOR THE CURRENT AND FUTURE SUPPORT OF JUSTIN-SIENA HIGH SCHOOL.

  • THE JUSTIN-SIENA HIGH SCHOOL FOUNDATION WAS FORMED IN 1972 TO ESTABLISH AND ADMINISTER A PERPETUAL ENDOWMENT FUND FOR THE BENEFIT OF JUSTIN-SIENA HIGH SCHOOL. THE FOUNDATION MANAGES LIFETIME CONTRIBUTIONS AND ESTATE GIFTS WITH THE GOAL OF PRESERVING, PROTECTING, AND GROWING THE DONORS' GIFT BY MAKING IT PART OF A PERMANENT ENDOWMENT. THE ENDOWMENT FUND IS MANAGED BY PROFESSIONAL INVESTMENT ADVISORS AND INVESTMENT PERFORMANCE IS MONITORED BY THE FOUNDATION'S BOARD OF DIRECTORS. THE FOUNDATION MAKES AN ANNUAL GRANT TO THE SCHOOL TO ASSIST WITH NEED-BASED SCHOLARSHIP SUPPORT, CURRICULUM ENRICHMENT, AND THE PROFESSIONAL DEVELOPMENT OF FACULTY. ONE OF THE GOALS OF THE ENDOWMENT IS TO PROVIDE A PRESENT AND GROWING STREAM OF INCOME SO THAT THE BURDEN OF SUPPORTING THE SCHOOL DOES NOT FALL ON TUITION ALONE. THERE ARE THREE MAIN GIVING AREAS THAT COMPRISE THE ENDOWMENT: PLANNED GIFTS BY NAMING THE FOUNDATION IN A WILL OR ESTATE PLAN, OR AS A BENEFICIARY DESIGNATION OF A RETIREMENT PLAN OR LIFE INSURANCE POLICY; MEMORIAL AND COMMEMORATIVE GIFTS IN RECOGNITION OF PAST OR PRESENT FRIENDS AND FAMILY; AND, DONOR DESIGNATED PROGRAMS, SUCH AS ENDOWED SCHOLARSHIPS AND PROGRAM ENDOWMENTS, WHICH ARE CONSISTENT WITH THE SCHOOL'S MISSION AND THE FOUNDATION'S POLICIES.

    Expenses $428,842 · Grants $428,842

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

Listed in Part VII

  • Michael Holman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Gonzales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brendan Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Malloy

    SECRETARY & CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Manbin Monteverdi

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nickolas Roberts

    CFO

    Total calculated
    $0
    Hours/week
    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

  • JUSTIN-SIENA HIGH SCHOOL

    $428,842

    THE FOUNDATION MAKES AN ANNUAL GRANT TO THE SCHOOL TO ASSIST WITH NEED-BASED SCHOLARSHIP SUPPORT, CURRICULUM ENRICHMENT, AND THE PROFESSIONAL DEVELOPMENT OF FACULTY.

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
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349304991

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