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← HEART AND MIND FOUNDATION

Form 990 for tax year 2022

Filed by HEART AND MIND FOUNDATION.

Totals

Total revenue
$742,369
Total expenses
$1,330,140
Contributions and grants received
$666,417
Grants paid
$1,305,211
Program service revenue
$0
Investment income
$75,952
Other revenue
$0
Total assets, end of year
$6,774,410
Total liabilities, end of year
$88,051
Net assets or fund balances, end of year
$6,686,359
Program services expenses (Part IX)
$1,305,211
Management and general expenses
$24,929
Fundraising expenses
$0
Program service expenses (Part III)
$1,305,211

Program services were 98.1% 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.

  • 1f · All other contributions, gifts and grants

    $666,417

  • 1g · Noncash contributions included above

    $39,644

  • 3 · Investment income

    total $75,952 · excluded $75,952

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,305,211 · program services $1,305,211

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 23 · Insurance

    total $13,252 · management and general $13,252

  • 24a · Other expenses: BANK FEE

    total $152 · management and general $152

  • 24b · Other expenses: STATE FILING FEE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,880,309 · end of year $561,503

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,000

  • 12 · Investments: other securities

    beginning of year $4,893,339 · end of year $6,212,907

  • 25 · Other liabilities

    beginning of year $168,051 · end of year $88,051

  • 27 · Net assets without donor restrictions

    beginning of year $609,495 · end of year $708,987

  • 28 · Net assets with donor restrictions

    beginning of year $5,999,102 · end of year $5,977,372

Mission and programs · 2022

Mission

HEART AND MIND FOUNDATION IS A CHARITABLE ORGANIZATION ESTABLISHED TO RECEIVE AND MANAGE GIFTS AND BEQUESTS IN SUPPORT OF HOLY TRINITY HIGH SCHOOL IN CHICAGO. IT IS INTENDED TO SERVE THE EDUCATION OF CHILDREN NOW AND BEYOND OUR LIFETIMES.

Activities or mission (Part I)

RECEIVE GIFTS AND BEQUESTS IN SUPPORT OF HOLY TRINITY HIGH SCHOOL OF CHICAGO, ILLINOIS.

  • DISBURSEMENTS TO HOLY TRINITY HIGH SCHOOL (HTHS) WERE USED FOR PLANT IMPROVEMENTS, FOR SUPPORT OF HTHS DEVELOPMENT EFFORT, AND FOR NUMEROUS SCHOLARSHIPS.

    Expenses $1,305,211 · Grants $1,305,211

As filed on the 2022 return.

Listed in Part VII

  • Timothy Bopp

    EXECUTIVE DIRECTOR

    Total calculated
    $166,140
    From this org
    $0
    From related orgs
    $166,140
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $166,140 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $166,140 related

  • John Raitt

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Phil Doetsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katrina King

    SECRETARY/TREASURER

    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. 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

  • HOLY TRINITY HIGH SCHOOL

    $1,305,211

    TO FUND VARIOUS EDUCATIONAL SCHOLARSHIPS, CAPITAL IMPROVEMENT PROJECTS,; TO DEVELOP OR EXPAND EDUCATIONAL PROGRAMS AND TO SUPPLEMENT THE ANNUAL OPERATING BUDGET OF THE SCHOOL.

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411369349311506

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