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← ST ALOYSIUS CENTURY FOUNDATION

Form 990 for tax year 2022

Filed by ST ALOYSIUS CENTURY FOUNDATION.

Totals

Total revenue
$2,264,551
Total expenses
$378,939
Contributions and grants received
$1,344,054
Grants paid
$162,740
Program service revenue
$0
Investment income
$930,838
Other revenue
-$10,341
Total assets, end of year
$28,520,500
Total liabilities, end of year
$111,699
Net assets or fund balances, end of year
$28,408,801
Program services expenses (Part IX)
$162,740
Management and general expenses
$191,796
Fundraising expenses
$24,403
Program service expenses (Part III)
$162,740

Program services were 42.9% 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.

  • 1c · Fundraising events

    $35,750

  • 1f · All other contributions, gifts and grants

    $1,308,304

  • 3 · Investment income

    total $739,037 · excluded $739,037

  • 7a · Gross sales of assets other than inventory

    securities $11,126,065

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

    securities $10,934,264

  • 7c · Gain or loss

    securities $191,801

  • 7d · Net gain or loss

    total $191,801 · excluded $191,801

  • 8a · Fundraising events: gross income

    $24,427

  • 8a · Fundraising events: contributions included on line 1c

    $35,750

  • 8b · Fundraising events: direct expenses

    $34,768

  • 8c · Net income from fundraising events

    total -$10,341 · excluded -$10,341

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $162,740 · program services $162,740

  • 7 · Other salaries and wages

    total $167,612 · management and general $167,612

  • 11c · Fees: accounting

    total $20,971 · management and general $20,971

  • 24a · Other expenses: CAPITAL CAMPAIGN EXPENS

    total $22,350 · fundraising $22,350

  • 24b · Other expenses: CREDIT CARD DISCOUNT

    total $2,547 · management and general $2,547

  • 24c · Other expenses: ELYSIAN FIELDS FOREVER

    total $1,176 · fundraising $1,176

  • 24d · Other expenses: MEMORIAL EXPENSE

    total $877 · fundraising $877

  • 24e · All other expenses

    total $666 · management and general $666

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,989,941 · end of year $3,123,672

  • 3 · Pledges and grants receivable

    beginning of year $560,237 · end of year $481,449

  • 11 · Investments: publicly traded securities

    beginning of year $21,510,252 · end of year $24,006,850

  • 15 · Other assets

    beginning of year $861,268 · end of year $908,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,477 · end of year $20,432

  • 25 · Other liabilities

    beginning of year $110,682 · end of year $91,267

  • 27 · Net assets without donor restrictions

    beginning of year $732,744 · end of year $1,089,704

  • 28 · Net assets with donor restrictions

    beginning of year $25,059,795 · end of year $27,319,097

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL SUPPORT TO HELP PERPETUATE THE EDUCATIONAL CHARISM OF BROTHERS OF THE SACRED HEART AT BROTHER MARTIN HIGH SCHOOL. THIS CHARISM IS EXPRESSED WITHIN THE BROTHERS' OWN "RULE OF LIFE AND THEIR "EDUCATIONAL MISSION AND MINISTRY" DOCUMENT.

Activities or mission (Part I)

ST. ALOYSIUS CENTURY FOUNDATION IS ORGANIZED TO PROVIDE SUPPORT AND INCOME FOR (CONT'D SCH. O) EDUCATIONAL, RELIGIOUS, AND CHARITABLE PURSUITS OF THE BROTHERS OF THE SACRED HEART NEW ORLEANS INC., INCLUDING BUT NOT LIMITED TO THE OPERATION OF BROTHER MARTIN HIGH SCHOOL IN NEW ORLEANS, LA.

  • GRANTS TO BROTHER MARTIN HIGH SCHOOL.

    Expenses $162,740 · Grants $162,740

As filed on the 2022 return.

Listed in Part VII

  • Jerry E Romig Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Timothy Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chuck Stall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Emmett Dupas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Glaviano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Raymond Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Devlin III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Kenneth Spellman

    PRESIDENT

    Total calculated
    $100,300
    From this org
    $0
    From related orgs
    $88,667
    Other
    $11,633
    Hours/week
    2 + 40 related

  • Greg Rando

    SECRETARY/TREASURER

    Total calculated
    $190,310
    From this org
    $0
    From related orgs
    $174,390
    Other
    $15,920
    Hours/week
    2.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,390 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,720 related
    Nontaxable benefits
    $0 + $7,200 related
    Filer's total
    $0 + $190,310 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Related corporations and trusts

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

  • CHARITABLE REMAINDER TRUSTS (5)

    REMAINDER BENEFICIARY · LA

Provenance

Return type
form_990
Tax year
2022
Filed
2 February 2024
IRS schema version
2022v5.0
Source object
202420609349301917

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