Civic Intelligence

Monsignor Lafferty Tuition Foundation

990 • Fiscal year 2021 • EIN 20-5437032

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 11, 2022

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

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

17th percentile

-7.8%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

10th percentile

-7.1%

Faster asset growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-4.5%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$2,998,016

Down $228,658 (-7.1%) from 2020

Net Assets

Down

$2,997,511

Down $229,101 (-7.1%) from 2020

Liabilities

Up

$505

Up $443 (+715%) from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin17th percentile

Revenue

Down

$2,976,174

Down $139,159 (-4.5%) from 2020

Expenses

Up

$3,207,990

Up $457,489 (+17%) from 2020

Net Income

Down

-$231,816

Down $596,648 (-164%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2021

Assets$2,998,016
Liabilities$505
Net Assets$2,997,511
Open 2021 Filing

Operations Trend

Revenue Growth26th 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

2021

Revenue$2,976,174
Expenses$3,207,990
Net Income-$231,816
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 11, 2022
Return Version
2021v4.2
Gross Receipts
$3,335,941
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$2,667,306$2,978,012▲ $310,706
Investments in Publicly Traded Securities$522,122$0▼ $522,122
Cash and Non-Interest-Bearing Accounts$29,685$11,425▼ $18,260
Total Assets$3,226,674$2,998,016▼ $228,658
Other Assets Total$7,561$8,579▲ $1,018
Liabilities
Accounts Payable and Accrued Expenses$62$505▲ $443
Total Liabilities$62$505▲ $443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,226,612$2,997,511▼ $229,101
Total Net Assets Fund Balance$3,226,612$2,997,511▼ $229,101
Total Liabilities and Net Assets / Fund Balance$3,226,674$2,998,016▼ $228,658
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Most Rev R Walker NicklessChairperson
Aaron GretemanBoard Member
Adrienne CollinsBoard Member
Amanda WoodallBoard Member
Dan GoebelBoard Member
Jamie KoobBoard Member
Mark ElyBoard Member
Matt GretemanBoard Member
Michael MurphyBoard Member
Patty LansinkBoard Member
Rev Merlin SchradBoard Member
Sherry NillesBoard Member
Steve PetersBoard Member
Very Rev Msgr Kevin MccoyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,955,226
Program Service Revenue
$0
Investment Income
$20,948
Other Revenue
$0
All Other Contributions
$2,955,226
Change in Net Assets
$-231,816

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
Securities Publicly Traded16$198,619Fair Market Value
Other Non Cash Contri Table26$161,148Selling Price
Total Noncash Contributions42$359,767-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,974,491
Revenue Not Reported on Financial Statements
$1,683
Revenue Not Reported on Form 990
$2,715
Other Revenue Adjustments
$1,683
Total Revenue per Audited Statements
$2,977,206
Total Revenue per Form 990
$2,976,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,056,658
Other Expenses$151,332
Total Fundraising Expense$23,922
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,056,658--$3,056,658
Fees for Services Management-$74,088$17,808$91,896
Office Expenses-$9,169-$9,169
Fees for Services Accounting-$6,350-$6,350
Advertising--$6,114$6,114
Fees for Services Other-$1,663-$1,663
Other Expenses-$1,366-$1,366
Conferences and Meetings-$245-$245
Total Functional Expenses$3,056,658$127,410$23,922$3,207,990

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,207,990
Total Expenses per Form 990$3,207,990
Total Expenses per Audited Statements$3,206,307
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-1,683
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

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

Form 990, Part VI, Section A, Line 3

“The diocese of sioux city provides various services including: accounting, tuition award management, development/fundraising, compliance with sto law, education of sto program in diocesan schools, and coordination of board meetings.”

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
2022-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Most Rev R Walker Nickles
Formed
2006
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

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 450 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/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03226612
IRS990/NetAssetsOrFundBalancesEOYAmt02997511
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01683
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01683
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02715
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03226612
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02997511
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0359767
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09169
IRS990/OfficeExpensesGrp/TotalAmt09169
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07561
IRS990/OtherAssetsTotalGrp/EOYAmt08579
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MEMBERSHIP FEE
IRS990/OtherExpensesGrp/Desc1ONLINE SERVICE FEE
IRS990/OtherExpensesGrp/Desc2COPIER LEASE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117029
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21366
IRS990/OtherExpensesGrp/TotalAmt017500
IRS990/OtherExpensesGrp/TotalAmt117029
IRS990/OtherExpensesGrp/TotalAmt21366
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MOST REV R WALKER NICKLES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03075282
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02596480
IRS990/PYInvestmentIncomeAmt040051
IRS990/PYOtherExpensesAmt0154021
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0364832
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02750501
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03115333
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-231816
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02667306
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02978012
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02955226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03075282
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02780456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02871815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02894776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014577555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038495
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt061041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043991
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0190926
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02722
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94820
IRS990ScheduleA/PublicSupportPY170Pct00.96180
IRS990ScheduleA/PublicSupportTotal170Amt014006027
IRS990ScheduleA/SubstantialContributorsTotAmt0571528
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02955226
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03075282
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02780456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02871815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02894776
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014577555
IRS990ScheduleA/TotalSupportAmt014771203
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/ExpensesNotReportedAmt0-1683
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03207990
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02715
IRS990ScheduleD/OtherExpensesIncludedAmt0-1683
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01683
IRS990ScheduleD/RevenueNotReportedAmt02715
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01683
IRS990ScheduleD/RevenueSubtotalAmt02974491
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/TotalExpensesPerForm990Amt03207990
IRS990ScheduleD/TotalRevenuePerForm990Amt02976174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02977206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03206307
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03056658
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION GRANTS FOR ELIGIBLE STUDENTS ATTENDING CATHOLIC SCHOOLS IN THE DIOCESE OF SIOUX CITY.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02306
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/ContributionCnt026
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0GRAIN
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0SELLING PRICE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0161148
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt016
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0198619
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MATT GRETEMAN AND AARON GRETEMAN HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIOCESE OF SIOUX CITY PROVIDES VARIOUS SERVICES INCLUDING: ACCOUNTING, TUITION AWARD MANAGEMENT, DEVELOPMENT/FUNDRAISING, COMPLIANCE WITH STO LAW, EDUCATION OF STO PROGRAM IN DIOCESAN SCHOOLS, AND COORDINATION OF BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE, DIOCESE OF SIOUX CITY, BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE 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/ExplanationTxt5THE 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 A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03226674
IRS990/TotalAssetsEOYAmt02998016
IRS990/TotalAssetsGrp/BOYAmt03226674
IRS990/TotalAssetsGrp/EOYAmt02998016
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02955226
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023922
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0127410
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03056658
IRS990/TotalFunctionalExpensesGrp/TotalAmt03207990
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062
IRS990/TotalLiabilitiesEOYAmt0505
IRS990/TotalLiabilitiesGrp/BOYAmt062
IRS990/TotalLiabilitiesGrp/EOYAmt0505
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03226612
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02997511
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03056658
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt020948
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,998,016
Liabilities
$505
Net assets
$2,997,511
Revenue
$2,976,174
Expenses
$3,207,990
Net income
-$231,816
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