Form 990 for tax year 2022
Filed by FOUNDATION TO ADVANCE CATHOLIC EDUCATION INC.
Totals
- Total revenue
- $1,508,145
- Total expenses
- $1,557,320
- Contributions and grants received
- $1,364,193
- Grants paid
- $1,271,186
- Program service revenue
- $0
- Investment income
- -$15,930
- Other revenue
- $159,882
- Total assets, end of year
- $7,735,048
- Total liabilities, end of year
- $14,299
- Net assets or fund balances, end of year
- $7,720,749
- Program services expenses (Part IX)
- $1,371,412
- Management and general expenses
- $155,516
- Fundraising expenses
- $30,392
- Program service expenses (Part III)
- $1,371,412
Program services were 88.1% 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
$263,280
-
1f · All other contributions, gifts and grants
$1,100,913
-
1g · Noncash contributions included above
$1,400
-
3 · Investment income
total $161,191 · excluded $161,191
-
7a · Gross sales of assets other than inventory
securities $3,378,001
-
7b · Less cost or other basis and sales expenses
securities $3,555,122
-
7c · Gain or loss
securities -$177,121
-
7d · Net gain or loss
total -$177,121 · related or exempt -$177,121
-
8a · Fundraising events: gross income
$230,273
-
8a · Fundraising events: contributions included on line 1c
$263,280
-
8b · Fundraising events: direct expenses
$70,427
-
8c · Net income from fundraising events
total $159,846 · excluded $159,846
-
11a · Other revenue: OTHER INCOME
total $36 · excluded $36
-
11e · Other revenue, total
$36
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,271,186 · program services $1,271,186
-
11c · Fees: accounting
total $13,015 · management and general $13,015
-
11e · Fees: professional fundraising services
total $28,124 · fundraising $28,124
-
11f · Fees: investment management
total $32,030 · management and general $32,030
-
11g · Fees: other
total $199,545 · program services $100,226 · management and general $99,319
-
13 · Office expenses
total $9,883 · management and general $7,615 · fundraising $2,268
-
24a · Other expenses: OTHER MISCELLANEOUS EXP
total $3,537 · management and general $3,537
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $736,204 · end of year $847,694
-
11 · Investments: publicly traded securities
beginning of year $6,355,911 · end of year $6,831,399
-
15 · Other assets
beginning of year $21,563 · end of year $55,955
-
17 · Accounts payable and accrued expenses
beginning of year $1,430 · end of year $0
-
25 · Other liabilities
beginning of year $28,473 · end of year $14,299
-
27 · Net assets without donor restrictions
beginning of year $2,891,142 · end of year $3,003,866
-
28 · Net assets with donor restrictions
beginning of year $4,192,633 · end of year $4,716,883
Mission and programs · 2022
Mission
TO ASSURE THAT NO CHILD IS DEPRIVED OF THE OPPORTUNITY TO ATTEND ONE OF THE CATHOLIC SCHOOLS SPONSORED BY THE DIOCESE OF FALL RIVER DUE TO FINANCIAL HARDSHIP BY PROVIDING NEED-BASED SCHOLARSHIPS TO ENROLLED STUDENTS.
Activities or mission (Part I)
TO PROVIDE NEED-BASED SCHOLARSHIPS TO STUDENTS IN SCHOOLS IN THE FALL RIVER DIOCESE
-
FUNDS EXPENDED SO AS TO BENEFIT STUDENTS OF DIOCESE OF FALL RIVER'S PAROCHIAL SCHOOLS.
Expenses $1,371,412 · Grants $1,271,186
As filed on the 2022 return.
Listed in Part VII
-
Most Rev Edgar M Da Cunha SdvMOST REV EDGAR M DA CUNHA SDV
PRESIDENT & TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rev George C BellenoitREV GEORGE C BELLENOIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr George AgostiniMR GEORGE AGOSTINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Nicholas M ChristMR NICHOLAS M CHRIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Claudine A Cloutier EsqMS CLAUDINE A CLOUTIER ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Kevin KileyMR KEVIN KILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr E Dennis KellyMR E DENNIS KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Albert J Makkay JrMR ALBERT J MAKKAY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maureen CodyMAUREEN CODY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edwin H HurleyEDWIN H HURLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul KawaPAUL KAWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan RoyDAN ROY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane RobinJANE ROBIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev David C FredericiREV DAVID C FREDERICI
CLERK
- 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
-
ROMAN CATHOLIC BISHOP OF FALL RIVER
$1,271,186
FINANCIAL AID
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.
-
ROMAN CATHOLIC BISHOP OF FALL RIVER
501(C)(3) · RELIGIOUS ORGANIZATION · MA
-
THE CATHOLIC FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC
501(C)(3) · FUNDRAISING ORGANIZATION · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333489349301858
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