Totals
- Total revenue
- $65,965,511
- Total expenses
- $17,352,042
- Contributions and grants received
- $56,194,121
- Grants paid
- $1,262,116
- Program service revenue
- $8,896,381
- Investment income
- $490,284
- Other revenue
- $384,725
- Total assets, end of year
- $148,557,501
- Total liabilities, end of year
- $1,942,449
- Net assets or fund balances, end of year
- $146,615,052
- Program services expenses (Part IX)
- $10,439,441
- Management and general expenses
- $6,912,601
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,439,441
Program services were 60.2% 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
$56,194,121
-
2a · Program service revenue: TUITION AND FEES
total $5,331,524 · related or exempt $5,331,524
-
2b · Program service revenue: OTHER SUPPORT REVENUE
total $3,149,693 · related or exempt $3,149,693
-
2c · Program service revenue: MSM TUITION AND FEES
total $361,781 · related or exempt $361,781
-
2d · Program service revenue: REIMBURSEMENT INCOME
total $53,383 · related or exempt $53,383
-
3 · Investment income
total $310,324 · excluded $310,324
-
6a · Gross rents
real property $112,195
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $112,195
-
6d · Net rental income or loss
total $112,195 · excluded $112,195
-
7a · Gross sales of assets other than inventory
securities $179,960
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $179,960
-
7d · Net gain or loss
total $179,960 · excluded $179,960
-
8a · Fundraising events: gross income
$1,219,835
-
8b · Fundraising events: direct expenses
$963,104
-
8c · Net income from fundraising events
total $256,731 · excluded $256,731
-
11a · Other revenue: MISCELLANEOUS INCOME
total $15,799 · excluded $15,799
-
11e · Other revenue, total
$15,799
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,262,116 · program services $1,262,116
-
5 · Compensation of officers, directors and key employees
total $486,909 · management and general $486,909
-
7 · Other salaries and wages
total $8,596,448 · program services $3,973,558 · management and general $4,622,890
-
8 · Pension plan contributions
total $545,139 · program services $234,216 · management and general $310,923
-
9 · Other employee benefits
total $980,425 · program services $551,309 · management and general $429,116
-
10 · Payroll taxes
total $404,346 · program services $340,179 · management and general $64,167
-
11c · Fees: accounting
total $53,844 · management and general $53,844
-
11f · Fees: investment management
total $148,057 · management and general $148,057
-
11g · Fees: other
total $377,301 · program services $159,935 · management and general $217,366
-
12 · Advertising and promotion
total $44,285 · program services $8,501 · management and general $35,784
-
13 · Office expenses
total $450,896 · program services $316,978 · management and general $133,918
-
16 · Occupancy
total $656,713 · program services $655,107 · management and general $1,606
-
17 · Travel
total $167,079 · program services $145,382 · management and general $21,697
-
19 · Conferences, conventions and meetings
total $65,184 · program services $15,475 · management and general $49,709
-
22 · Depreciation, depletion and amortization
total $922,279 · program services $922,216 · management and general $63
-
23 · Insurance
total $198,841 · management and general $198,841
-
24a · Other expenses: CAPITAL OUTLAY
total $869,893 · program services $862,113 · management and general $7,780
-
24b · Other expenses: RESIDENT LIFE EXPENSES
total $508,546 · program services $508,546
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $208,103 · program services $208,103 · management and general $0
-
24d · Other expenses: ACTIVITIES EXPENSE
total $172,046 · program services $104,660 · management and general $67,386
-
24e · All other expenses
total $233,592 · program services $171,047 · management and general $62,545
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,626,960 · end of year $10,057,337
-
2 · Savings and temporary cash investments
beginning of year $679,432
-
3 · Pledges and grants receivable
beginning of year $45,100,000 · end of year $20,105,000
-
4 · Accounts receivable
beginning of year $6,632,580 · end of year $63,941
-
7 · Other notes and loans receivable
beginning of year $1,491,841 · end of year $1,405,797
-
8 · Inventories for sale or use
beginning of year $46,505 · end of year $35,088
-
9 · Prepaid expenses and deferred charges
beginning of year $7,115 · end of year $8,202
-
10a · Land, buildings and equipment: cost or other basis
$62,846,558
-
10b · Land, buildings and equipment: accumulated depreciation
$4,948,556
-
10c · Land, buildings and equipment, net
beginning of year $17,355,636 · end of year $57,898,002
-
11 · Investments: publicly traded securities
beginning of year $17,628,637 · end of year $57,648,866
-
15 · Other assets
beginning of year $328,951 · end of year $1,335,268
-
17 · Accounts payable and accrued expenses
beginning of year $1,021,682 · end of year $1,262,202
-
19 · Deferred revenue
beginning of year $374,917 · end of year $419,017
-
25 · Other liabilities
beginning of year $241,118 · end of year $261,230
-
27 · Net assets without donor restrictions
beginning of year $83,574,702 · end of year $62,524,760
-
28 · Net assets with donor restrictions
beginning of year $13,685,238 · end of year $84,090,292
Mission and programs · 2023
Mission
TO PROVIDE A HIGH QUALITY, WELL-ROUNDED, FAITH-FILLED EDUCATION FOR GRADES PREK-12 INCLUDING LOCAL DOMESTIC AND INTERNATIONAL BOARDING STUDENTS.
Activities or mission (Part I)
PROVIDE SECONDARY EDUCATION FOR GRADES PREK-12 BY PROMOTING EXCELLENCE THROUGH PRAYER AND LEARNING.
-
COTTER PROVIDES STUDENTS (GRADES PREK-12) WITH MANY UNIQUE OPPORTUNITIES THAT ENHANCE THEIR EDUCATIONAL EXPERIENCE AND PREPARE THEM FOR LIFE. COTTER TEACHES YOUNG ADULTS HOW TO BECOME RESPONSIBLE, SUCCESSFUL, PRAYERFUL, AND WELL-ROUNDED ADULTS THROUGH RIGOROUS ACADEMIC COURSEWORK, SERVICE-LEARNING TRIPS, DAILY INTERACTION WITH STUDENTS FROM VARIOUS COUNTRIES, RELIGIOUS EDUCATION, ADVANCE PLACEMENT COURSES, AS WELL AS NUMEROUS CO-CURRICULAR ACTIVITIES. 987 STUDENTS ENROLLED.
Expenses $10,439,441 · Grants $1,262,116 · Revenue $8,896,381
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amy DonnenwerthAMY DONNENWERTH
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Barry McRaithBARRY MCRAITH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Erica JerowskiERICA JEROWSKI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dawn GuzzoDAWN GUZZO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mary KirkMARY KIRK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meg KrinkeMEG KRINKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fr Mark McNeaFR MARK MCNEA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fr Pat ArensFR PAT ARENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christina Uribe-NittiCHRISTINA URIBE-NITTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kurt KnueselKURT KNUESEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin GormanKEVIN GORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer MillerJENNIFER MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann RenkANN RENK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fr Russ ScepaniakFR RUSS SCEPANIAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Eileen FitchMARY EILEEN FITCH
PRESIDENT
- Total calculated
- $177,280
- From this org
- $166,933
- From related orgs
- $0
- Other
- $10,347
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $166,933
- Bonus
- $0
- Other
- $0
- Deferred
- $10,016
- Nontaxable benefits
- $331
- Filer's total
- $177,280
-
Michael SwensonMICHAEL SWENSON
VICE PRESIDENT-ADVANCEMENT
- Total calculated
- $182,212
- From this org
- $140,646
- From related orgs
- $0
- Other
- $41,566
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $140,646
- Bonus
- $0
- Other
- $0
- Deferred
- $8,439
- Nontaxable benefits
- $33,127
- Filer's total
- $182,212
-
Jeff ApseJEFF APSE
DIRECTOR OF FINANCE AND HUMAN RESOURCES
- Total calculated
- $115,853
- From this org
- $108,983
- From related orgs
- $0
- Other
- $6,870
- Hours/week
- 50
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
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
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
The filer's explanations (Part III)
- PART I, LINE 3
- SALARIES FOR EXECUTIVES, PRESIDENTS, SUPERINTENDENTS OF EDUCATIONAL ORGANIZATIONS AS WELL AS DATA FROM O-NET WERE COMPARED TO HELP DETERMINE COMPENSATION PACKAGE FOR THE YEAR FOR THE PRESIDENT. THE PRESIDENT HAS AN ANNUAL CONTRACT. THE PRESIDENT'S CONTRACT IS APPROVED BY THE BOARD OF DIRECTORS.
- PART I, LINE 8
- SALARIES AND BENEFITS FOR THE PRESIDENT, VICE PRESIDENT OF ADVANCEMENT, AND DIRECTOR OF FINANCE AND HUMAN RESOURCES ARE DEFINED BY THEIR RESPECTIVE CONTRACTS.
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
No itemized grants to organizations 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.
-
VISION 2020 EDUCATION FOUNDATION
501(C)(3) · SUPPORT COTTER SCHOOLS · MN
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MAIN SQUARE MONTESSORI
PRE-K ALL DAY CHILD EXPERIENCE · MN · income $383,749 · assets $147,147
Directly controlled by COTTER SCHOOLS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531279349302278
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