Civic Intelligence

Grand Traverse Area Catholic Schools Foundation Inc

990 • Fiscal year 2017 • EIN 23-7113692

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

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

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

79%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,875,711

Down $489,672 (-9.1%) from 2015

Net Assets

Down

$4,875,711

Down $489,672 (-9.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$377,293

Down $799,745 (-68%) from 2015

Expenses

Down

$203,682

Down $109,640 (-35%) from 2015

Net Income

Down

$173,611

Down $690,105 (-80%) from 2015

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

2017

Assets$4,875,711
Liabilities$0
Net Assets$4,875,711

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

2017

Revenue$377,293
Expenses$203,682
Net Income$173,611
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$1,303,633
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$3,797,941$4,250,778▲ $452,837
Other Notes and Loans Receivable, Net$419,610$417,011▼ $2,599
Savings and Temporary Cash Investments$144,193$207,922▲ $63,729
Total Assets$4,361,744$4,875,711▲ $513,967
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,049,202$2,472,817▲ $423,615
Permanently Rstr Net Assets$2,136,341$2,225,116▲ $88,775
Unrestricted Net Assets$176,201$177,778▲ $1,577
Total Net Assets Fund Balance$4,361,744$4,875,711▲ $513,967
Total Liabilities and Net Assets / Fund Balance$4,361,744$4,875,711▲ $513,967
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$88,775
Program Service Revenue
$0
Investment Income
$283,181
Other Revenue
$5,337
All Other Contributions
$88,775
Change in Net Assets
$173,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$189,491
Other Expenses$14,191
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$189,491--$189,491
Fees for Services Accounting-$9,200-$9,200
Fees for Service Investment Mgmnt Fees-$4,971-$4,971
Fees for Services Other-$20-$20
Total Functional Expenses$189,491$14,191$0$203,682
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand Traverse Area Catholic SchoolsTraverse City, MI-Tuition Grants and Scholarships to Needy Students Attending Grand Traverse Area Catholic Schools$165,159
Northwestern Michigan CollegeTraverse City, MI-College Scholarships for Former Students of Grand Traverse Area Catholic Schools$12,834
Aquinas CollegeGrand Rapids, MI-College Scholarships for Former Students of Grand Traverse Area Catholic Schools$11,498
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-
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
No
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 11B

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
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Mueller
Formed
1971
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

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/EOYAmt0207922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt088775
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt061833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0994245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0189322
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01596041
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02930216
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0288518
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0149428
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0182793
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0171908
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0158067
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0950714
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75500
IRS990ScheduleA/PublicSupportPY170Pct00.79080
IRS990ScheduleA/PublicSupportTotal170Amt02930216
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt088775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt061833
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0994245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0189322
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01596041
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02930216
IRS990ScheduleA/TotalSupportAmt03880930
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc3FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt0165159
IRS990ScheduleI/RecipientTable/CashGrantAmt112834
IRS990ScheduleI/RecipientTable/CashGrantAmt211498
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TUITION GRANTS AND SCHOLARSHIPS TO NEEDY STUDENTS ATTENDING GRAND TRAVERSE AREA CATHOLIC SCHOOLS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1COLLEGE SCHOLARSHIPS FOR FORMER STUDENTS OF GRAND TRAVERSE AREA CATHOLIC SCHOOLS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2COLLEGE SCHOLARSHIPS FOR FORMER STUDENTS OF GRAND TRAVERSE AREA CATHOLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRAND TRAVERSE AREA CATHOLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NORTHWESTERN MICHIGAN COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2AQUINAS COLLEGE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0123 E ELEVENTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11701 E FRONT STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21700 FULTON ST EAST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TRAVERSE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1TRAVERSE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GRAND RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049684
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd149686
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd249506
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
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 11B
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/BOYAmt02049202
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02472817
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04361744
IRS990/TotalAssetsEOYAmt04875711
IRS990/TotalAssetsGrp/BOYAmt04361744
IRS990/TotalAssetsGrp/EOYAmt04875711
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt088775
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014191
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189491
IRS990/TotalFunctionalExpensesGrp/TotalAmt0203682
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04361744
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04875711
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0189491
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0138631
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0149887
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0377293
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04361744
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04875711
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0176201
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0177778
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04523 SILVER VALLEY LANE
IRS990/USAddress/CityNm0TRAVERSE CITY
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049684
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYNE MUELLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

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
2017Detailed filing. Detailed filing data is available for this year.$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