Civic Intelligence

Assumption Foundation for K-12 Schools

990 • Fiscal year 2014 • EIN 23-7311256

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization Profilewww.embracingourfuture.org
US Bank Na P O Box 2043Milwaukee, WI 53201-0634

(563) 328-3104

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$35,568

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets6th percentile

Assets

$5,130,043

No earlier filing loaded for comparison.

Net Assets

$5,130,043

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin73rd percentile

Revenue

$810,350

No earlier filing loaded for comparison.

Expenses

$698,956

No earlier filing loaded for comparison.

Net Income

$111,394

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $5,130,043Liabilities 2014: $0Net Assets 2014: $5,130,0432014Assets 2022: $6,745,633Liabilities 2022: $0Net Assets 2022: $6,745,6332022Assets 2024: $7,146,917Liabilities 2024: $0Net Assets 2024: $7,146,9172024

Highlighted filing

2014

Assets$5,130,043
Liabilities$0
Net Assets$5,130,043
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2014: $810,350Expenses 2014: $698,956Net Income 2014: $111,3942014Revenue 2022: $618,184Expenses 2022: $163,621Net Income 2022: $454,5632022Revenue 2024: $628,314Expenses 2024: $793,388Net Income 2024: -$165,0742024

Highlighted filing

2014

Revenue$810,350
Expenses$698,956
Net Income$111,394
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$2,476,962
Mission and Program Overview

Mission

To advocate for and advance the excellence of catholic education at assumption high school, and in the catholic elementary schools of scott county, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$5,010,158$5,123,796▲ $113,638
Investments in Publicly Traded Securities$4,641,411$4,912,669▲ $271,258
Savings and Temporary Cash Investments$325,519$115,586▼ $209,933
Cash and Non-Interest-Bearing Accounts$43,228$101,788▲ $58,560
Rtn Earn Endowment Incm Other Fnds-$6,247-
Total Assets$5,010,158$5,130,043▲ $119,885
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,010,158$5,130,043▲ $119,885
Total Liabilities and Net Assets / Fund Balance$5,010,158$5,130,043▲ $119,885
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleBaseTotal
William D BarrettInstitutional Trustee$35,568$35,568

Board Members and Trustees

NameTitle
Thomas J DanielPresident
-Vice President
Edmund Carroll JrSecretary
Barbara B JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$342,826
Program Service Revenue
$0
Investment Income
$467,524
Other Revenue
$0
All Other Contributions
$342,826
Change in Net Assets
$111,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$649,397
Salaries, Compensation, and Employee Benefits$35,568
Other Expenses$13,991
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$649,397--$649,397
Current Officers, Directors, Trustees, and Key Employees-$35,568-$35,568
All Other Expenses-$10,196-$10,196
Fees for Services Accounting-$2,786-$2,786
Office Expenses-$1,009-$1,009
Total Functional Expenses$649,397$49,559$0$698,956
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
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

“Minutes are kept for all meetings”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8B

“Minutes are kept for all committee meetings”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“The institutional trustee is responsible for preparing, reviewing, and filing form 990.”

Explanation for Form 990, Page 6, Part VI, Line 9

“All individual officers/directors can be reached through assumption high school, business office, 1020 w central park ave, davenport, ia 52804-1804”

Filing and Contact Details

Filer

Filer Name
Assumption Foundation for K-12 Schools
EIN
23-7311256
Phone
5633283104
Address
US BANK NA P O BOX 2043, MILWAUKEE, WI 53201-0634

Signing Officer

Name
U S Bank N a Trustee
Title
Trustee
Phone
5633283104
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Ia
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
600 GRANT STREET, PITTSBURGH, PA 15219
Preparer
Donald J Roman
Phone
4123556000
Supplemental Narrative

Additional Explanations

Description for Making Documents Public

“UPON WRITTEN REQUEST”

Description for Making Documents Public

“Upon written request, governing documents and other public inspection forms will be made available.”

Explanation for Form 990, Part XI, Line 9

“Tax cost adjustment ($8,491)”

Raw XML Appendix311 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/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt04641411
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE KEPT FOR ALL MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MINUTES ARE KEPT FOR ALL COMMITTEE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INSTITUTIONAL TRUSTEE IS RESPONSIBLE FOR PREPARING, REVIEWING, AND FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INDIVIDUAL OFFICERS/DIRECTORS CAN BE REACHED THROUGH ASSUMPTION HIGH SCHOOL, BUSINESS OFFICE, 1020 W CENTRAL PARK AVE, DAVENPORT, IA 52804-1804
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON WRITTEN REQUEST, GOVERNING DOCUMENTS AND OTHER PUBLIC INSPECTION FORMS WILL BE MADE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TAX COST ADJUSTMENT ($8,491)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4DESCRIPTION FOR MAKING DOCUMENTS PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5DESCRIPTION FOR MAKING DOCUMENTS PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 GRANT STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015219
ReturnHeader/PreparerPersonGrp/PhoneNum04123556000
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DONALD J ROMAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-16T13:00:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,130,043
Liabilities
$0
Net assets
$5,130,043
Revenue
$810,350
Expenses
$698,956
Net income
$111,394
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.15$0.00$7.15$0.63$0.79$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.75$0.00$6.75$0.62$0.16$0.45
2014Detailed filing. Detailed filing data is available for this year.$5.13$0.00$5.13$0.81$0.70$0.11