Civic Intelligence

Grand Traverse Area Catholic Schools Foundation Inc

990 • Fiscal year 2014 • EIN 23-7113692

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 03, 2015

123 E Eleventh StreetTraverse City, MI 49684

(231) 995-8424

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

61st percentile

5.4%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-79%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$4,703,712

Up $241,042 (+5.4%) from 2013

Net Assets

Up

$4,703,712

Up $241,042 (+5.4%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$372,793

Down $1,381,315 (-79%) from 2013

Expenses

Up

$223,341

Up $110,767 (+98%) from 2013

Net Income

Down

$149,452

Down $1,492,082 (-91%) from 2013

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $2,335,992Liabilities 2010: $0Net Assets 2010: $2,335,9922010Assets 2011: $2,346,008Liabilities 2011: $393Net Assets 2011: $2,345,6152011Assets 2013: $4,462,670Liabilities 2013: $0Net Assets 2013: $4,462,6702013Assets 2014: $4,703,712Liabilities 2014: $0Net Assets 2014: $4,703,7122014Assets 2015: $5,365,383Liabilities 2015: $0Net Assets 2015: $5,365,3832015Assets 2017: $4,875,711Liabilities 2017: $0Net Assets 2017: $4,875,7112017Assets 2018: $4,794,695Liabilities 2018: $237,369Net Assets 2018: $4,557,3262018Assets 2019: $5,970,304Liabilities 2019: $229,265Net Assets 2019: $5,741,0392019Assets 2020: $6,344,071Liabilities 2020: $0Net Assets 2020: $6,344,0712020Assets 2021: $7,841,699Liabilities 2021: $0Net Assets 2021: $7,841,6992021Assets 2022: $7,098,360Liabilities 2022: $0Net Assets 2022: $7,098,3602022Assets 2024: $8,893,503Liabilities 2024: $0Net Assets 2024: $8,893,5032024

Highlighted filing

2014

Assets$4,703,712
Liabilities$0
Net Assets$4,703,712

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $124,6972010Expenses 2011: $124,5152011Revenue 2013: $1,754,108Expenses 2013: $112,574Net Income 2013: $1,641,5342013Revenue 2014: $372,793Expenses 2014: $223,341Net Income 2014: $149,4522014Revenue 2015: $1,177,038Expenses 2015: $313,322Net Income 2015: $863,7162015Revenue 2017: $377,293Expenses 2017: $203,682Net Income 2017: $173,6112017Revenue 2018: $433,061Expenses 2018: $213,692Net Income 2018: $219,3692018Revenue 2019: $958,432Expenses 2019: $211,089Net Income 2019: $747,3432019Revenue 2020: $414,868Expenses 2020: $206,860Net Income 2020: $208,0082020Revenue 2021: $1,034,882Expenses 2021: $229,086Net Income 2021: $805,7962021Revenue 2022: $454,764Expenses 2022: $273,818Net Income 2022: $180,9462022Revenue 2024: $1,328,621Expenses 2024: $351,771Net Income 2024: $976,8502024

Highlighted filing

2014

Revenue$372,793
Expenses$223,341
Net Income$149,452
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$954,500
Mission and Program Overview

Mission

To award grants to students of needy families and scholarships to gifted children children attending grand traverse area catholic schools in traverse city, mi.

To award grants to students of needy families and scholarships to gifted children attending grand traverse area catholic schools in traverse city, mi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,165,255$3,855,651▲ $690,396
Savings and Temporary Cash Investments$859,604$409,141▼ $450,463
Other Notes and Loans Receivable, Net$399,251$403,360▲ $4,109
Receivables From Officers Etc$38,560$35,560▼ $3,000
Total Assets$4,462,670$4,703,712▲ $241,042
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,006,681$3,006,681→ $0
Unrestricted Net Assets$1,231,800$1,480,937▲ $249,137
Temporarily Rstr Net Assets$224,189$216,094▼ $8,095
Total Net Assets Fund Balance$4,462,670$4,703,712▲ $241,042
Total Liabilities and Net Assets / Fund Balance$4,462,670$4,703,712▲ $241,042
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$189,322
Program Service Revenue
$0
Investment Income
$166,880
Other Revenue
$16,591
All Other Contributions
$171,822
Change in Net Assets
$149,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$181,000
Other Expenses$42,341
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$181,000--$181,000
Fees for Services Management-$26,656-$26,656
Fees for Service Investment Mgmnt Fees-$9,445-$9,445
Fees for Services Accounting-$6,220-$6,220
Fees for Services Other-$20-$20
Total Functional Expenses$181,000$42,341$0$223,341
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tom GartlandHonorary Lay TrusteeTax Service FeesNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$38,560$35,560▼ $3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

Honorary lay trustee tom gartland is partner at cpa firm preparing financials and 990 return.

Form 990, Part VI, Section B, Line 11

Prior to filing, the form 990 is given to each of the board members for review. The board members are allowed to discuss any concerns at that time.

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

Organization regularly and consistently monitors and enforces compliance with the conflict of interest policy through board meeting discussions.

Form 990, Part VI, Section B, Line 15

Determining compensation of the organization's officers or key employees is done through board meeting discussions and approval of annual budget with board of directors and general manager.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Grand Traverse Area Catholic Schools
EIN
23-7113692
Phone
2319958424
Address
123 E ELEVENTH STREET, TRAVERSE CITY, MI 49684

Signing Officer

Name
Wayne Mueller
Title
Executive Director
Phone
2319958424
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Mueller
Formed
1971
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
20

Preparer

Firm
Dgn LLC
Address
PO BOX 947, TRAVERSE CITY, MI 49685-0947
Preparer
Mary F Krantz CPA
Phone
2319461722
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0409141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0189322
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01596041
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt041710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt060835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt031260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01919168
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0171908
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0158067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0100353
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073331
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022791
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0526450
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78470
IRS990ScheduleA/PublicSupportPY170Pct00.82410
IRS990ScheduleA/PublicSupportTotal170Amt01919168
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0189322
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01596041
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt041710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt060835
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt031260
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01919168
IRS990ScheduleA/TotalSupportAmt02445618
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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0154000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt127000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GTACS - OPERATIONAL AND TUITION GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1JOSEPH BOTT COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc3FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TUITION GRANTS ARE PAID DIRECTLY TO THE APPROPRIATE COLLEGE OR SCHOOL AND IS APPLIED DIRECTLY TO THE TUITION ACCOUNTS OF THE STUDENTS BEING ASSISTED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TOM GARTLAND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HONORARY LAY TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TAX SERVICE FEES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt035560
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0GUARANTOR OF BANK LOAN FOR THE FOUNDATION; LOAN REPRESENTS MEMBER'S SHARE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0THOMAS MCINTYRE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt035560
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HONORARY LAY TRUSTEE TOM GARTLAND IS PARTNER AT CPA FIRM PREPARING FINANCIALS AND 990 RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO FILING, THE FORM 990 IS GIVEN TO EACH OF THE BOARD MEMBERS FOR REVIEW. THE BOARD MEMBERS ARE ALLOWED TO DISCUSS ANY CONCERNS AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH BOARD MEETING DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS DONE THROUGH BOARD MEETING DISCUSSIONS AND APPROVAL OF ANNUAL BUDGET WITH BOARD OF DIRECTORS AND GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0224189
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0216094
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04462670
IRS990/TotalAssetsEOYAmt04703712
IRS990/TotalAssetsGrp/BOYAmt04462670
IRS990/TotalAssetsGrp/EOYAmt04703712
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0189322
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042341
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0181000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0223341
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04462670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04703712
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0181000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0183471
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372793
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04462670
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04703712
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01231800
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01480937
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04523 SILVER VALLEY LANE
IRS990/USAddress/CityNm0TRAVERSE CITY
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049684
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.89$0.00$8.89$1.33$0.35$0.98
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.10$0.00$7.10$0.45$0.27$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.84$0.00$7.84$1.03$0.23$0.81
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$0.00$6.34$0.41$0.21$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$0.23$5.74$0.96$0.21$0.75
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.79$0.24$4.56$0.43$0.21$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.88$0.00$4.88$0.38$0.20$0.17
2015Detailed filing. Detailed filing data is available for this year.$5.37$0.00$5.37$1.18$0.31$0.86
2014Detailed filing. Detailed filing data is available for this year.$4.70$0.00$4.70$0.37$0.22$0.15
2013Detailed filing. Detailed filing data is available for this year.$4.46$0.00$4.46$1.75$0.11$1.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.00$2.35$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.00$2.34$0.12