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← ADOPT-A-STUDENT FOUNDATION

Form 990 for tax year 2022

Filed by ADOPT-A-STUDENT FOUNDATION.

Totals

Total revenue
$11,690,518
Total expenses
$3,658,166
Contributions and grants received
$12,007,801
Grants paid
$3,137,385
Program service revenue
$0
Investment income
-$207,684
Other revenue
-$109,599
Total assets, end of year
$47,963,651
Total liabilities, end of year
$41,148
Net assets or fund balances, end of year
$47,922,503
Program services expenses (Part IX)
$3,137,385
Management and general expenses
$237,244
Fundraising expenses
$283,537
Program service expenses (Part III)
$3,137,385

Program services were 85.8% 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

    $1,543,429

  • 1f · All other contributions, gifts and grants

    $10,464,372

  • 3 · Investment income

    total $504,165 · excluded $504,165

  • 7a · Gross sales of assets other than inventory

    securities $2,135,500

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

    securities $2,847,349

  • 7c · Gain or loss

    securities -$711,849

  • 7d · Net gain or loss

    total -$711,849 · excluded -$711,849

  • 8a · Fundraising events: gross income

    $89,256

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

    $1,543,429

  • 8b · Fundraising events: direct expenses

    $198,855

  • 8c · Net income from fundraising events

    total -$109,599 · excluded -$109,599

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,137,385 · program services $3,137,385

  • 11c · Fees: accounting

    total $24,205 · management and general $24,205

  • 11e · Fees: professional fundraising services

    total $74,500 · fundraising $74,500

  • 11f · Fees: investment management

    total $98,446 · management and general $98,446

  • 11g · Fees: other

    total $110,700 · management and general $110,700

  • 24a · Other expenses: OTHER FUNDRAISING EXPEN

    total $209,037 · fundraising $209,037

  • 24b · Other expenses: FEES AND OTHER MISCELLA

    total $3,893 · management and general $3,893

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $514,002 · end of year $300,063

  • 3 · Pledges and grants receivable

    beginning of year $4,717,500 · end of year $5,559,033

  • 4 · Accounts receivable

    beginning of year $58,929 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $30,086,994 · end of year $42,104,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,065 · end of year $41,148

  • 27 · Net assets without donor restrictions

    beginning of year $435,316 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $34,821,044 · end of year $47,922,503

Mission and programs · 2022

Mission

THE PURPOSE OF THE FOUNDATION AND ITS DISTRIBUTIONS ARE TO FURTHER EDUCATIONAL PURPOSES BY PROVIDING FINANCIAL ASSISTANCE TO CATHEDRAL HIGH SCHOOL FOR THE SCHOOL'S GENERAL EDUCATION MISSION.

Activities or mission (Part I)

TO PROVIDE FINANCIAL ASSISTANCE TO CATHEDRAL HIGH SCHOOL FOR THE SCHOOL'S GENERAL EDUCATION MISSION.

  • THE PURPOSE OF THE FOUNDATION AND ITS DISTRIBUTIONS ARE TO FURTHER EDUCATIONAL PURPOSES BY PROVIDING FINANCIAL ASSISTANCE TO CATHEDRAL HIGH SCHOOL FOR THE SCHOOL'S GENERAL EDUCATION MISSION INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, EDUCATIONAL PROGRAMS, PROFESSIONAL DEVELOPMENT OF TEACHERS, EXTRACURRICULAR ACTIVITIES, SERVICES FOR STUDENTS, AND FACILITY MAINTENANCE AND IMPROVEMENTS.

    Expenses $3,137,385 · Grants $3,137,385 · Revenue $11,690,518

As filed on the 2022 return.

Listed in Part VII

  • Paul Chisolm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • James Curvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Drew

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert O'Neill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Christopher Remondi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Remondi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kathy Dunn

    TREASURER

    Total calculated
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2022
Filed
21 February 2024
IRS schema version
2022v5.0
Source object
202410559349300316

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