Form 990 for tax year 2024
Filed by FRIENDS OF CATHOLIC EDUCATION INC.
Totals
- Total revenue
- $281,003
- Total expenses
- $317,082
- Contributions and grants received
- $186,354
- Grants paid
- $133,173
- Program service revenue
- $4,525
- Investment income
- $89,467
- Other revenue
- $657
- Total assets, end of year
- $4,494,841
- Total liabilities, end of year
- $2,003,009
- Net assets or fund balances, end of year
- $2,491,832
- Program services expenses (Part IX)
- $249,673
- Management and general expenses
- $33,381
- Fundraising expenses
- $34,028
- Program service expenses (Part III)
- $249,673
Program services were 78.7% 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
$186,354
-
2a · Program service revenue: FOOD CERTIFICATES, NET
total $4,525 · related or exempt $4,525
-
3 · Investment income
total $89,467 · excluded $89,467
-
11a · Other revenue: MISC. INCOME
total $657 · related or exempt $657
-
11e · Other revenue, total
$657
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $133,173 · program services $133,173
-
5 · Compensation of officers, directors and key employees
total $82,538 · program services $43,881 · management and general $19,636 · fundraising $19,021
-
7 · Other salaries and wages
total $17,096 · program services $9,089 · management and general $4,067 · fundraising $3,940
-
9 · Other employee benefits
total $5,999 · program services $3,190 · management and general $1,427 · fundraising $1,382
-
10 · Payroll taxes
total $7,622 · program services $4,052 · management and general $1,813 · fundraising $1,757
-
11c · Fees: accounting
total $2,500 · program services $2,500
-
11f · Fees: investment management
total $21,028 · program services $21,028
-
13 · Office expenses
total $6,339 · program services $2,065 · management and general $1,683 · fundraising $2,591
-
14 · Information technology
total $4,200 · program services $1,400 · management and general $1,400 · fundraising $1,400
-
16 · Occupancy
total $3,126 · program services $1,042 · management and general $1,042 · fundraising $1,042
-
23 · Insurance
total $2,949 · program services $983 · management and general $983 · fundraising $983
-
24a · Other expenses: MCELROY DINNER EXPENSES
total $12,999 · program services $12,999
-
24b · Other expenses: TEACHER DINNER EVENT
total $8,555 · program services $8,555
-
24c · Other expenses: BOARD DINNER EXPENSES
total $3,917 · program services $3,917
-
24d · Other expenses: PHONE / INTERNET
total $2,400 · program services $800 · management and general $800 · fundraising $800
-
24e · All other expenses
total $2,641 · program services $999 · management and general $530 · fundraising $1,112
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $202,311 · end of year $217,427
-
2 · Savings and temporary cash investments
beginning of year $960,500 · end of year $1,022,275
-
11 · Investments: publicly traded securities
beginning of year $2,952,532 · end of year $3,212,554
-
15 · Other assets
beginning of year $35,985 · end of year $42,585
-
17 · Accounts payable and accrued expenses
beginning of year $1,852 · end of year $1,852
-
21 · Escrow or custodial account liability
beginning of year $1,747,004 · end of year $1,993,346
-
25 · Other liabilities
beginning of year $7,856 · end of year $7,811
-
27 · Net assets without donor restrictions
beginning of year $1,609,778 · end of year $1,816,710
-
28 · Net assets with donor restrictions
beginning of year $784,838 · end of year $675,122
Mission and programs · 2024
Mission
FRIENDS OF CATHOLIC EDUCATION, INC. IS AN INDEPENDENT ORGANIZATION DEDICATED TO PROVIDING CATHOLIC SCHOOL EDUCATION, IN FREDERICK COUNTY, FOR ALL WHO SEEK IT.
Activities or mission (Part I)
FRIENDS OF CATHOLIC EDUCATION, INC. IS AN INDEPENDENT ORGANIZATION DEDICATED TO PROVIDING CATHOLIC SCHOOL EDUCATION, IN FREDERICK COUNTY, FOR ALL WHO SEEK IT. TO ACCOMPLISH THIS, THE ORGANIZATION PROVIDES TUITION ASSISTANCE AND TUITION CREDITS THROUGH BLOCK GRANTS AND SCHOLARSHIPS FOR THE SCHOOLS AND DESERVING STUDENTS.
-
THE ORGANIZATION RAISES AND MANAGES FUNDS TO SUPPORT AND ENHANCE LOCAL AREA CATHOLIC SCHOOLS AND PROGRAMS. THE ORGANIZATION PROVIDES TUITION ASSISTANCE AND TUITION CREDITS THROUGH BLOCK GRANTS AND SCHOLARSHIPS FOR THE SCHOOLS AND DESERVING STUDENTS. IN ADDITION, ASSISTANCE IS PROVIDED THROUGH THE PURCHASE AND SALE OF FOOD CERTIFICATES.
Expenses $249,673 · Grants $133,173 · Revenue $4,525
As filed on the 2024 return.
Listed in Part VII
-
Michele P Corr - Ex Dir - 123124MICHELE P CORR - EX DIR - 123124
DIRECTOR AS
- Total calculated
- $75,611
- From this org
- $75,611
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tracy Hickman - Director - 12124TRACY HICKMAN - DIRECTOR - 12124
EX DIR. AS 1
- Total calculated
- $3,462
- From this org
- $3,462
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Paula D'AmorePAULA D'AMORE
EX DIR AS 12
- Total calculated
- $3,462
- From this org
- $3,462
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sue DewittSUE DEWITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Toni EdwardsTONI EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brennan GmeinerBRENNAN GMEINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David GroveDAVID GROVE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael KinleyMICHAEL KINLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Frank LipscombFRANK LIPSCOMB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William G MilaniWILLIAM G MILANI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
David MillerDAVID MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John O'BoyleJOHN O'BOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim O'BoyleTIM O'BOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael C O'ConnorMICHAEL C O'CONNOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cary H PlamondonCARY H PLAMONDON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Brian RiesettBRIAN RIESETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Reverend John WilliamsonREVEREND JOHN WILLIAMSON
DIRECTOR
- 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
-
SAINT JOHN'S CATHOLIC PREP
$53,750
SCHOLARSHIP & GRANT
-
SCHOLARSHIP & GRANT
-
$20,000
SCHOLARSHIP & GRANT
-
$19,000
SCHOLARSHIP & GRANT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543499349300224
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