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Nonprofiteer
← LASALLE SCHOOL FOUNDATION

Form 990 for tax year 2023

Filed by LASALLE SCHOOL FOUNDATION.

Totals

Total revenue
$594,232
Total expenses
$512,589
Contributions and grants received
$297,509
Grants paid
$296,952
Program service revenue
$0
Investment income
$308,109
Other revenue
-$11,386
Total assets, end of year
$5,651,789
Total liabilities, end of year
$162,085
Net assets or fund balances, end of year
$5,489,704
Program services expenses (Part IX)
$355,422
Management and general expenses
$111,242
Fundraising expenses
$45,925
Program service expenses (Part III)
$355,422

Program services were 69.3% 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.

  • 1c · Fundraising events

    $44,449

  • 1f · All other contributions, gifts and grants

    $253,060

  • 3 · Investment income

    total $121,064 · excluded $121,064

  • 7a · Gross sales of assets other than inventory

    securities $1,617,309

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

    securities $1,430,264

  • 7c · Gain or loss

    securities $187,045

  • 7d · Net gain or loss

    total $187,045 · excluded $187,045

  • 8a · Fundraising events: gross income

    $0

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

    $44,449

  • 8b · Fundraising events: direct expenses

    $11,386

  • 8c · Net income from fundraising events

    total -$11,386 · excluded -$11,386

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $233,235 · program services $233,235

  • 2 · Grants to domestic individuals

    total $63,717 · program services $63,717

  • 7 · Other salaries and wages

    total $91,600 · program services $36,640 · management and general $13,740 · fundraising $41,220

  • 11c · Fees: accounting

    total $11,525 · management and general $11,525

  • 11f · Fees: investment management

    total $40,802 · management and general $40,802

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

    total $4,329 · management and general $4,329

  • 19 · Conferences, conventions and meetings

    total $17,845 · management and general $13,804 · fundraising $4,041

  • 23 · Insurance

    total $3,433 · management and general $3,433

  • 24a · Other expenses: PURCHASED SERVICES

    total $21,830 · program services $21,830

  • 24b · Other expenses: OTHER

    total $8,822 · management and general $8,822

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $5,156 · management and general $5,156

  • 24d · Other expenses: SUBSCRIPTIONS

    total $4,579 · management and general $4,579

  • 24e · All other expenses

    total $3,169 · management and general $2,505 · fundraising $664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $627,618 · end of year $169,882

  • 2 · Savings and temporary cash investments

    beginning of year $180,206 · end of year $540,683

  • 11 · Investments: publicly traded securities

    beginning of year $4,400,615 · end of year $4,941,224

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,050

  • 25 · Other liabilities

    beginning of year $27,108 · end of year $162,085

  • 27 · Net assets without donor restrictions

    beginning of year $4,998,244 · end of year $5,324,583

  • 28 · Net assets with donor restrictions

    beginning of year $176,037 · end of year $165,121

Mission and programs · 2023

Mission

TO SUPPORT THE EFFORTS OF THE LA SALLE SCHOOL TO PROVIDE THERAPEUTIC, EDUCATIONAL AND SUPPORTIVE SERVICES DESIGNED TO ACCOMPLISH PERSONAL GROWTH AND LASTING CHANGE IN THE LIVES OF YOUTHS AND FAMILIES IN NEED.

Activities or mission (Part I)

TO SUPPORT THE EFFORTS OF THE LA SALLE SCHOOL IN CARING FOR TROUBLED ADOLESCENT BOYS.

  • THE LA SALLE SCHOOL FOUNDATION ASSISTED LA SALLE SCHOOL WITH FINANCIAL SUPPORT TO PROVIDE THERAPEUTIC, EDUCATIONAL AND SUPPORTIVE SERVICES, PROVIDED ASSISTANCE TO THE YOUTH OF LA SALLE SCHOOL THROUGH THE PURCHASE OF GIFTS, PROVIDED SCHOLARSHIPS, PROVIDED FUNDING FOR BUILDING RENOVATIONS AND ASSISTED THE STAFF OF LA SALLE SCHOOL WITH COSTS RELATED TO PROFESSIONAL DEVELOPMENT AND OTHER STAFF NEEDS.

    Expenses $355,422 · Grants $296,952

As filed on the 2023 return.

Listed in Part VII

  • David A Wallace

    EXECUTIVE DIRECTOR

    Total calculated
    $214,671
    From this org
    $0
    From related orgs
    $168,147
    Other
    $46,524
    Hours/week
    2.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,147 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,044 related
    Nontaxable benefits
    $0 + $41,480 related
    Filer's total
    $0 + $214,671 related

  • Marquita Jo Rhodes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Br Carl Malcalza Fsc

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin P Maney

    FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brenda Baddam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Breslin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Pidel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gordon Zuckerman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Joslin

    ASSOCIATE EXECUTIVE DIRECTOR OF FINANCE

    Total calculated
    $146,604
    From this org
    $0
    From related orgs
    $114,831
    Other
    $31,773
    Hours/week
    5 + 35 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

The filer's explanations (Part III)

PART I, LINE 3
A COMPENSATION SURVEY OR STUDY IS PERFOMED AND APPROVED BY THE BOARD OF RELATED ORGANIZATION.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202541299349301859

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