Civic Intelligence

Monsignor Lafferty Tuition Foundation

990 • Fiscal year 2020 • EIN 20-5437032

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 18, 2021

Organization ProfileN/A
1821 Jackson StreetSioux City, IA 51105

(712) 255-7933

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$116,833

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

62nd percentile

12%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

9.6%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,226,674

Up $350,682 (+12%) from 2019

Net Assets

Up

$3,226,612

Up $351,080 (+12%) from 2019

Liabilities

Down

$62

Down $398 (-87%) from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin62nd percentile

Revenue

Up

$3,115,333

Up $273,527 (+9.6%) from 2019

Expenses

Down

$2,750,501

Down $308,049 (-10%) from 2019

Net Income

Up

$364,832

Up $581,576 (+268%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,991,811Liabilities 2011: $2,152Net Assets 2011: $1,989,6592011Assets 2012: $2,262,938Liabilities 2012: $6,882Net Assets 2012: $2,256,0562012Assets 2013: $2,380,382Liabilities 2013: $1,490Net Assets 2013: $2,378,8922013Assets 2014: $3,024,848Liabilities 2014: $3,295Net Assets 2014: $3,021,5532014Assets 2015: $3,081,465Liabilities 2015: $2,874Net Assets 2015: $3,078,5912015Assets 2016: $3,082,106Liabilities 2016: $3,067Net Assets 2016: $3,079,0392016Assets 2017: $3,066,409Liabilities 2017: $3,170Net Assets 2017: $3,063,2392017Assets 2018: $3,090,217Liabilities 2018: $0Net Assets 2018: $3,090,2172018Assets 2019: $2,875,992Liabilities 2019: $460Net Assets 2019: $2,875,5322019Assets 2020: $3,226,674Liabilities 2020: $62Net Assets 2020: $3,226,6122020Assets 2021: $2,998,016Liabilities 2021: $505Net Assets 2021: $2,997,5112021Assets 2022: $3,637,455Liabilities 2022: $11,281Net Assets 2022: $3,626,1742022Assets 2023: $2,645,724Liabilities 2023: $1,826Net Assets 2023: $2,643,8982023Assets 2024: $2,358,554Liabilities 2024: $2,289Net Assets 2024: $2,356,2652024

Highlighted filing

2020

Assets$3,226,674
Liabilities$62
Net Assets$3,226,612
Open 2020 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,959,933Expenses 2011: $1,949,903Net Income 2011: $10,0302011Revenue 2012: $2,222,589Expenses 2012: $1,956,192Net Income 2012: $266,3972012Revenue 2013: $2,315,940Expenses 2013: $2,193,104Net Income 2013: $122,8362013Revenue 2014: $3,021,342Expenses 2014: $2,378,681Net Income 2014: $642,6612014Revenue 2015: $3,064,884Expenses 2015: $3,007,846Net Income 2015: $57,0382015Revenue 2016: $2,964,154Expenses 2016: $2,963,706Net Income 2016: $4482016Revenue 2017: $2,921,615Expenses 2017: $2,937,415Net Income 2017: -$15,8002017Revenue 2018: $2,921,195Expenses 2018: $2,891,636Net Income 2018: $29,5592018Revenue 2019: $2,841,806Expenses 2019: $3,058,550Net Income 2019: -$216,7442019Revenue 2020: $3,115,333Expenses 2020: $2,750,501Net Income 2020: $364,8322020Revenue 2021: $2,976,174Expenses 2021: $3,207,990Net Income 2021: -$231,8162021Revenue 2022: $3,634,741Expenses 2022: $3,006,078Net Income 2022: $628,6632022Revenue 2023: $2,514,021Expenses 2023: $3,496,297Net Income 2023: -$982,2762023Revenue 2024: $2,149,011Expenses 2024: $2,436,644Net Income 2024: -$287,6332024

Highlighted filing

2020

Revenue$3,115,333
Expenses$2,750,501
Net Income$364,832
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 18, 2021
Return Version
2020v4.1
Gross Receipts
$3,414,417
Mission and Program Overview

Mission

The solicitation, collection, administration and distribution of voluntary contributions to allocate at least 90% of annual revenue for tuition grants to eligible students who reside in iowa to allow each student to attend any qualified school of their parents' choice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,333,406$2,667,306▲ $333,900
Investments in Publicly Traded Securities$526,039$522,122▼ $3,917
Cash and Non-Interest-Bearing Accounts$14,568$29,685▲ $15,117
Total Assets$2,875,992$3,226,674▲ $350,682
Other Assets Total$1,979$7,561▲ $5,582
Liabilities
Accounts Payable and Accrued Expenses$460$62▼ $398
Total Liabilities$460$62▼ $398
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,875,532$3,226,612▲ $351,080
Total Net Assets Fund Balance$2,875,532$3,226,612▲ $351,080
Total Liabilities and Net Assets / Fund Balance$2,875,992$3,226,674▲ $350,682
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleOtherTotal
Patty LansinkBoard Member$116,833$116,833
Most Rev R Walker NicklessChairperson$52,490$52,490

Board Members and Trustees

NameTitle
Aaron GretemanBoard Member
Adrienne CollinsBoard Member
Amanda WoodallBoard Member
Dan GoebelBoard Member
Mark ElyBoard Member
Matt GretemanBoard Member
Michael MurphyBoard Member
Rev Merlin SchradBoard Member
Sherry NillesBoard Member
Very Rev Brad PelzelBoard Member
Very Rev Msgr Kevin MccoyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$3,075,282
Program Service Revenue
$0
Investment Income
$40,051
Other Revenue
$0
All Other Contributions
$3,075,282
Change in Net Assets
$364,832

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table35$172,619Selling Price
Securities Publicly Traded17$126,465Fair Market Value
Total Noncash Contributions52$299,084-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,113,777
Revenue Not Reported on Financial Statements
$1,556
Revenue Not Reported on Form 990
$-13,752
Other Revenue Adjustments
$1,556
Total Revenue per Audited Statements
$3,100,025
Total Revenue per Form 990
$3,115,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,596,480
Other Expenses$154,021
Total Fundraising Expense$25,008
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,596,480--$2,596,480
Fees for Services Management-$75,950$17,374$93,324
Office Expenses-$10,170$1,011$11,181
Advertising-$13$6,623$6,636
Fees for Services Accounting-$6,025-$6,025
Fees for Services Other-$1,852-$1,852
Other Expenses-$50-$50
Travel-$19-$19
Total Functional Expenses$2,596,480$129,013$25,008$2,750,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,750,501
Total Expenses per Form 990$2,750,501
Total Expenses per Audited Statements$2,748,945
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-1,556
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Matt greteman and aaron greteman have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the director of finance, diocese of sioux city, before it is filed.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy covers officers, employees, and members of the board of directors. Conflicts of interest are to be disclosed to the board chair as soon as they are known. In the event that it is unclear whether a conflict of interest exists, the chair shall make the determination. Persons with a conflict of interest shall disclose all facts material to the conflict of interest and such disclosure shall be reflected in the minutes of the meeting. A person who has a conflict of interest may not vote on the matter.”

Form 990, Part VI, Section C, Line 19

“The governing documents, financial statements, and policies of the monsignor lafferty tuition foundation are available at the central catholic office of the diocese of sioux city during normal office hours.”

Filing and Contact Details

Filer

Filer Name
Monsignor Lafferty Tuition Foundation
EIN
20-5437032
Phone
7122557933
Address
1821 JACKSON STREET, SIOUX CITY, IA 51105

Signing Officer

Name
Most Rev R Walker Nickless
Title
Chairperson
Phone
7122557933
Signed
2021-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Most Rev R Walker Nickles
Formed
2006
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
11
Employees
0
Volunteers
13

Preparer

Firm
King Reinsch Prosser & Co Llp
Address
522 4TH STREET SUITE 200, SIOUX CITY, IA 51101
Preparer
Rebecca George
Phone
7122585550
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Gain on sale of donated assets”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gain on sale of donated assets”

Raw XML AppendixShowing 400 of 476 raw XML fields

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/NetUnrlzdGainsLossesInvstAmt0-13752
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02875532
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03226612
IRS990/NoncashContributionsAmt0299084
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01011
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010170
IRS990/OfficeExpensesGrp/TotalAmt011181
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01979
IRS990/OtherAssetsTotalGrp/EOYAmt07561
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP FEE
IRS990/OtherExpensesGrp/Desc1ONLINE SERVICE FEE
IRS990/OtherExpensesGrp/Desc2COPIER LEASE
IRS990/OtherExpensesGrp/Desc3GIFTS/GRATUITY
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117271
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2163
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt350
IRS990/OtherExpensesGrp/TotalAmt017500
IRS990/OtherExpensesGrp/TotalAmt117271
IRS990/OtherExpensesGrp/TotalAmt2163
IRS990/OtherExpensesGrp/TotalAmt350
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MOST REV R WALKER NICKLES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02780456
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02925420
IRS990/PYInvestmentIncomeAmt061350
IRS990/PYOtherExpensesAmt0133130
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-216744
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03058550
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02841806
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0364832
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02333406
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02667306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03075282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02780456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02871815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02894776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02940008
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014562337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt038495
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt061041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt043991
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt024660
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0196321
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02722
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96180
IRS990ScheduleA/PublicSupportPY170Pct00.97450
IRS990ScheduleA/PublicSupportTotal170Amt014197793
IRS990ScheduleA/SubstantialContributorsTotAmt0364544
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03075282
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02780456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02871815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02894776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02940008
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014562337
IRS990ScheduleA/TotalSupportAmt014761380
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt0-1556
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02750501
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-13752
IRS990ScheduleD/OtherExpensesIncludedAmt0-1556
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01556
IRS990ScheduleD/RevenueNotReportedAmt0-13752
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01556
IRS990ScheduleD/RevenueSubtotalAmt03113777
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAIN ON SALE OF DONATED ASSETS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON SALE OF DONATED ASSETS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02750501
IRS990ScheduleD/TotalRevenuePerForm990Amt03115333
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03100025
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02748945
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02596480
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION GRANTS FOR ELIGIBLE STUDENTS ATTENDING CATHOLIC SCHOOLS IN THE DIOCESE OF SIOUX CITY.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02210
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MONSIGNOR LAFFERTY TUITION FOUNDATION USES A THIRD PARTY ADMINISTRATOR (TPA) TO COLLECT AND ANALYZE FINANCIAL INFORMATION AND TO DETERMINE RECOMMENDATIONS FOR FINANCIAL ASSISTANCE. THE NEEDS ANALYSIS CALCULATIONS USED BY THE TPA ARE REVIEWED AND APPROVED ANNUALLY. THE MONSIGNOR LAFFERTY TUITION FOUNDATION GOVERNING BOARD REVIEWS AND APPROVES THE GRANT AWARDS. THE MONSIGNOR LAFFERTY TUITION FOUNDATION REVIEWS THE CERTIFIED ENROLLMENT OF SELECTED SCHOOLS FOR COMPLIANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt035
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0GRAIN
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0SELLING PRICE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0172619
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt017
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0126465
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MATT GRETEMAN AND AARON GRETEMAN HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE, DIOCESE OF SIOUX CITY, BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY COVERS OFFICERS, EMPLOYEES, AND MEMBERS OF THE BOARD OF DIRECTORS. CONFLICTS OF INTEREST ARE TO BE DISCLOSED TO THE BOARD CHAIR AS SOON AS THEY ARE KNOWN. IN THE EVENT THAT IT IS UNCLEAR WHETHER A CONFLICT OF INTEREST EXISTS, THE CHAIR SHALL MAKE THE DETERMINATION. PERSONS WITH A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST AND SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES OF THE MONSIGNOR LAFFERTY TUITION FOUNDATION ARE AVAILABLE AT THE CENTRAL CATHOLIC OFFICE OF THE DIOCESE OF SIOUX CITY DURING NORMAL OFFICE HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DIOCESE OF SIOUX CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420680296
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0THE DIOCESE OF SIOUX CITY IS INCLUDED IN THE GROUP EXEMPTION NUMBER 0928
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01821 JACKSON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SIOUX CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd051105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,226,674
Liabilities
$62
Net assets
$3,226,612
Revenue
$3,115,333
Expenses
$2,750,501
Net income
$364,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.36$0.00$2.36$2.15$2.44$0.29
2023Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.64$2.51$3.50$0.98
2022Detailed filing. Detailed filing data is available for this year.$3.64$0.01$3.63$3.63$3.01$0.63
2021Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$2.98$3.21$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.23$0.00$3.23$3.12$2.75$0.36
2019Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$2.84$3.06$0.22
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$2.92$2.89$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.06$2.92$2.94$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$2.96$2.96$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.08$0.00$3.08$3.06$3.01$0.06
2014Summary only. Only limited summary data is available for this year.$3.02$0.00$3.02$3.02$2.38$0.64
2013Summary only. Only limited summary data is available for this year.$2.38$0.00$2.38$2.32$2.19$0.12
2012Summary only. Only limited summary data is available for this year.$2.26$0.01$2.26$2.22$1.96$0.27
2011Summary only. Only limited summary data is available for this year.$1.99$0.00$1.99$1.96$1.95$0.01