Form 990, Part VI, Line 11B: Form 990 Review Process
“Board of trustees reviews and aproves the form 990 prior to submission.”
990 • Fiscal year 2020 • EIN 06-1549772
Scores are not available for this record yet.
Assets
Down$7,229,798
Down $569,187 (-7.3%) from 2019
Net Assets
Down$5,229,798
Down $569,187 (-9.8%) from 2019
Liabilities
Flat$2,000,000
Flat from 2019
Revenue
Down$60,348
Down $323 (-0.5%) from 2019
Expenses
Down$629,535
Down $1,451,146 (-70%) from 2019
Net Income
Up-$569,187
Up $1,450,823 (+72%) from 2019
Saint Thomas More Endowment and Development Fund, Inc., a non-profit organization, organized to hold and maintain the fixed assets and investments for the benefit of Saint Thomas More School, Inc., or one or more other organizations described in Section 509(a)(1) or 509(a)(2) of the Internal Revenue Code. The mission and purposes of the corporation are as follows: to protect and preserve the assets entrusted to its keeping for the St. Thomas More School; to investigate, choose and employ investment advisors and counselors and financial planners to provide for the conservation, orderly growth, and accumulation of the Endowment Fund; to investigate, devise and develop, fund and promote scholarships for students of St. Thomas More School as it deems appropriate; to foster and promote development activities; and to preserve and protect St. Thomas More School and to transfer funds as it deems necessary and advisable to promote the mission, goals, and operation of St. Thomas More School.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $6,980,261 | $6,623,062 | ▼ $357,199 |
| Savings and Temporary Cash Investments | $817,574 | $606,684 | ▼ $210,890 |
| Cash and Non-Interest-Bearing Accounts | $1,150 | $52 | ▼ $1,098 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $7,798,985 | $7,229,798 | ▼ $569,187 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Unsecured Notes Loans Payable | $2,000,000 | $2,000,000 | → $0 |
| Total Liabilities | $2,000,000 | $2,000,000 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $5,736,135 | $5,166,948 | ▼ $569,187 |
| Net Assets With Donor Restrictions | $62,850 | $62,850 | → $0 |
| Total Net Assets Fund Balance | $5,798,985 | $5,229,798 | ▼ $569,187 |
| Total Liabilities and Net Assets / Fund Balance | $7,798,985 | $7,229,798 | ▼ $569,187 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $4,600,846 | $4,653,003 | $9,253,849 |
| Leasehold Improvements | $1,297,798 | $1,292,894 | $2,590,692 |
| Land | $690,954 | - | $690,954 |
| Equipment | - | $71,974 | $71,974 |
| Other Land Buildings | $33,464 | $30,417 | $63,881 |
| Name | Title |
|---|---|
| Francis D Robinson | President |
| Mark E Block | Vice President |
| Dr Peter Molloy | Director |
| Thomas Dwyer | Director |
| Timothy Ashburner | Director |
| James Hanrahan Jr | Secretary/Treas |
| Line Item | Amount |
|---|---|
| Other Expenses | $319,535 |
| Grants and Similar Amounts Paid | $310,000 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $310,000 | - | - | $310,000 |
| Depreciation Depletion | $309,199 | - | - | $309,199 |
| Other Expenses | $1,114 | $192 | - | $192 |
| Total Functional Expenses | $620,313 | $9,222 | $0 | $629,535 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $629,535 |
| Total Expenses per Audited Statements | $629,535 |
| Total Expenses per Form 990 | $629,535 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Saint Thomas More School | Oakdale, CT | - | Financial Aid for Students | $310,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“Board of trustees reviews and aproves the form 990 prior to submission.”
“D&B and Morning Star”
“Board of Director's meetings minutes are retained by the Organization and available upon request. Form 990 is available on Guidestar.”
“The Board of Directors has established a policy that Endowment Funds shall be awarded in scholarships each year and designated as Board Designated.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | Nonprofit organization formed to hold and maintain the fixed assets and investments for the benefit of St. Thomas More School, Inc., or one or more other organizations described in Section 509(a)(1) or 509(a)(2). The mission and purposes of the corporation are to protect and preserve the assets entrusted to its keeping for the St. Thomas More School; to investigate, choose and employ investment advisors and counselors and financial planners to provide for the conservation, orderly growth and accumulation of the Endowment fund; to investigate, devise and develop, fund and promote scholarships for students of St. Thomas More School as it deems appropriate; to foster and promote development activities; and to preserve and protect St. Thomas More School and to transfer funds as it deems necessary and advisable to promote the mission, goals, and operations of St. Thomas More School. |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JAMES HANRAHAN JR |
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| IRS990/MissionDesc | 0 | Saint Thomas More Endowment and Development Fund, Inc., a non-profit organization, organized to hold and maintain the fixed assets and investments for the benefit of Saint Thomas More School, Inc., or one or more other organizations described in Section 509(a)(1) or 509(a)(2) of the Internal Revenue Code. The mission and purposes of the corporation are as follows: to protect and preserve the assets entrusted to its keeping for the St. Thomas More School; to investigate, choose and employ investment advisors and counselors and financial planners to provide for the conservation, orderly growth, and accumulation of the Endowment Fund; to investigate, devise and develop, fund and promote scholarships for students of St. Thomas More School as it deems appropriate; to foster and promote development activities; and to preserve and protect St. Thomas More School and to transfer funds as it deems necessary and advisable to promote the mission, goals, and operation of St. Thomas More School. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Saint Thomas More Endowment and Development Fund holds and maintains the fixed assets and investments for the benefit of the Saint Thomas More School, Inc. In the 2016-17 fiscal year, Saint Thomas More Endowment and Development fund contributed $2,143,000 to Saint Thomas More School, Inc. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | The Board of Directors has established a policy that Endowment Funds shall be awarded in scholarships each year and designated as Board Designated. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Board of Director's meetings minutes are retained by the Organization and available upon request. Form 990 is available on Guidestar. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
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| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES HANRAHAN JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Secretary/Treas |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.