Civic Intelligence

Lourdes Foundation Inc.

990 • Fiscal year 2020 • EIN 23-7367336

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

Organization ProfileWWW.LOURDESFOUNDATION.ORG
2800 19th Street NWRochester, MN 55901

(507) 424-1817

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

42nd percentile

3.6%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

42%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$7,971,050

Up $276,986 (+3.6%) from 2019

Net Assets

Up

$7,960,150

Up $276,535 (+3.6%) from 2019

Liabilities

Up

$10,900

Up $451 (+4.3%) from 2019

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin92nd percentile

Revenue

Up

$1,019,303

Up $302,121 (+42%) from 2019

Expenses

Up

$440,813

Up $39,583 (+9.9%) from 2019

Net Income

Up

$578,490

Up $262,538 (+83%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$15M$10M$5.0M$0Assets 2011: $5,473,433Liabilities 2011: $8,926Net Assets 2011: $5,464,5072011Assets 2012: $5,217,687Liabilities 2012: $10,239Net Assets 2012: $5,207,4482012Assets 2013: $5,139,116Liabilities 2013: $10,145Net Assets 2013: $5,128,9712013Assets 2014: $5,749,071Liabilities 2014: $10,047Net Assets 2014: $5,739,0242014Assets 2015: $5,711,842Liabilities 2015: $12,192Net Assets 2015: $5,699,6502015Assets 2016: $6,080,494Liabilities 2016: $7,527Net Assets 2016: $6,072,9672016Assets 2017: $6,784,749Liabilities 2017: $17,734Net Assets 2017: $6,767,0152017Assets 2018: $7,521,225Liabilities 2018: $11,736Net Assets 2018: $7,509,4892018Assets 2019: $7,694,064Liabilities 2019: $10,449Net Assets 2019: $7,683,6152019Assets 2020: $7,971,050Liabilities 2020: $10,900Net Assets 2020: $7,960,1502020Assets 2021: $9,983,725Liabilities 2021: $12,460Net Assets 2021: $9,971,2652021Assets 2022: $9,396,847Liabilities 2022: $15,026Net Assets 2022: $9,381,8212022Assets 2023: $10,368,941Liabilities 2023: $27,332Net Assets 2023: $10,341,6092023Assets 2024: $11,629,576Liabilities 2024: $19,390Net Assets 2024: $11,610,1862024

Highlighted filing

2020

Assets$7,971,050
Liabilities$10,900
Net Assets$7,960,150
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $362,9072011Expenses 2012: $528,0502012Expenses 2013: $3,110,4562013Revenue 2014: $578,796Expenses 2014: $399,540Net Income 2014: $179,2562014Revenue 2015: $410,830Expenses 2015: $350,572Net Income 2015: $60,2582015Revenue 2016: $1,490,801Expenses 2016: $407,188Net Income 2016: $1,083,6132016Revenue 2017: $739,393Expenses 2017: $461,806Net Income 2017: $277,5872017Revenue 2018: $1,146,393Expenses 2018: $381,685Net Income 2018: $764,7082018Revenue 2019: $717,182Expenses 2019: $401,230Net Income 2019: $315,9522019Revenue 2020: $1,019,303Expenses 2020: $440,813Net Income 2020: $578,4902020Revenue 2021: $1,112,183Expenses 2021: $456,849Net Income 2021: $655,3342021Revenue 2022: $1,937,290Expenses 2022: $500,322Net Income 2022: $1,436,9682022Revenue 2023: $897,969Expenses 2023: $486,926Net Income 2023: $411,0432023Revenue 2024: $1,384,254Expenses 2024: $510,338Net Income 2024: $873,9162024

Highlighted filing

2020

Revenue$1,019,303
Expenses$440,813
Net Income$578,490
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$5,905,302
Mission and Program Overview

Mission

To unite alumni, parents, and friends in celebration and support of rochester catholic schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,585,760$7,709,740▲ $123,980
Savings and Temporary Cash Investments$92,703$245,469▲ $152,766
Prepaid Expenses and Deferred Charges$869$869→ $0
Accounts Receivable$518$26▼ $492
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$7,694,064$7,971,050▲ $276,986
Other Assets Total$14,214$14,946▲ $732
Liabilities
Accounts Payable and Accrued Expenses$10,449$10,900▲ $451
Total Liabilities$10,449$10,900▲ $451
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,506,866$7,751,434▲ $244,568
Net Assets Without Donor Restrictions$176,749$208,716▲ $31,967
Total Net Assets Fund Balance$7,683,615$7,960,150▲ $276,535
Total Liabilities and Net Assets / Fund Balance$7,694,064$7,971,050▲ $276,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$22,695$22,695

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$6,866,844$472,804--$7,339,648
2018$6,594,532$272,312--$6,866,844
2017$6,107,645$486,887--$6,594,532
2016$5,735,760$367,271▲ $4,614-$6,107,645
2015$5,182,640$538,914▲ $14,206-$5,735,760
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
James RogersPresident
Andrew DavickDirector
Blair SeelhammerDirector
Darci KopischkeDirector
Dr William FaubionDirector
Erica RestovichDirector
Kari SchillingDirector
Kathleen AllisonDirector
Kc ReedDirector
Kevin BroadbentDirector
Melissa BrinkmanDirector
Nick ForlitiDirector
Trina MorrisDirector
Heidi CafarellaAdvancement Coordinator
Gerry NonnSecretary
Joseph MahoneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$580,918
Program Service Revenue
$0
Investment Income
$438,385
Other Revenue
$0
All Other Contributions
$580,918
Change in Net Assets
$578,490

Audited Revenue Reconciliation

Revenue per Audited Statements
$968,713
Revenue Not Reported on Financial Statements
$50,590
Revenue Not Reported on Form 990
$-298,955
Other Revenue Adjustments
$50,590
Total Revenue per Audited Statements
$669,758
Total Revenue per Form 990
$1,019,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$363,456
Other Expenses$77,357
Total Fundraising Expense$1,843
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$363,456--$363,456
Fees for Service Investment Mgmnt Fees-$50,590-$50,590
Fees for Services Accounting-$11,150-$11,150
Other Expenses$10,316--$10,316
Advertising$1,500-$750$2,250
Office Expenses-$562$562$1,124
Insurance$869$37$42$948
All Other Expenses-$460$459$919
Information Technology$30-$30$60
Total Functional Expenses$376,171$62,799$1,843$440,813

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$440,813
Total Expenses per Audited Statements$393,223
Expenses per Audited Statements$390,223
Expenses Not Reported on Financial Statements$50,590
Other Expense Adjustments$50,590
Expenses Not Reported on Form 990$3,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lourdes High SchoolRochester, MN170(b)(1)(a)(ii)Student Scholarships$363,456
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
Yes
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 B, Line 11B

“A draft of form 990 is presented to the finance and investment committee and the entire board of directors for review and approval before filing with the irs.”

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

“Each board member is required to disclose conflicts of interest as they arise.”

Form 990, Part VI, Section B, Line 15A

“Performance evaluation forms were sent to the entire board of directors. The officers compiled the results of the completed evaluations and discussed with the executive director. Salary recommendations were compared with regional comparative data.”

Form 990, Part VI, Section C, Line 18

“The lourdes foundation form 990 is made available to the public on its website or upon request.”

Form 990, Part VI, Section C, Line 19

“Lourdes foundation makes its governing documents and conflict of interest policy available to the public upon request. The financial statements are made available to the public at guidestar.org website.”

Filing and Contact Details

Filer

Filer Name
Lourdes Foundation Inc
EIN
23-7367336
Phone
5074241817
Address
2800 19TH STREET NW, ROCHESTER, MN 55901

Signing Officer

Name
James Rogers
Title
Treasurer
Phone
5074241817
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mahoney
Formed
1974
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
30

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
220 SOUTH BROADWAY SUITE 102, ROCHESTER, MN 55904
Preparer
Andrew Forliti
Phone
5072883277
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees 50,590.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees 50,590.”

Raw XML AppendixShowing 400 of 491 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/InvestmentIncomeGrp/TotalRevenueColumnAmt0205735
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07585760
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07709740
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt022695
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt022695
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04885999
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO UNITE ALUMNI, PARENTS, AND FRIENDS IN CELEBRATION AND SUPPORT OF ROCHESTER CATHOLIC SCHOOLS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07683615
IRS990/NetAssetsOrFundBalancesEOYAmt07960150
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0232650
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0232650
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-301955
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0176749
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0208716
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0562
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0562
IRS990/OfficeExpensesGrp/TotalAmt01124
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014214
IRS990/OtherAssetsTotalGrp/EOYAmt014946
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STAFF ENRICHMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt010316
IRS990/OtherExpensesGrp/TotalAmt010316
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0869
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0869
IRS990/PrincipalOfficerNm0JOSEPH MAHONEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT OF ROCHESTER CATHOLIC SCHOOL STUDENT ACTIVITIES, ATHLETICS, FINE ARTS AND MUSIC, AND PHILANTHROPIC ADVANCEMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt089967
IRS990/ProgSrvcAccomActy2Grp/GrantAmt089967
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt012715
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0315027
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0330095
IRS990/PYInvestmentIncomeAmt0402155
IRS990/PYOtherExpensesAmt068683
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0315952
IRS990/PYSalariesCompEmpBnftPaidAmt02452
IRS990/PYTotalExpensesAmt0401230
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0717182
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0578490
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt092703
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0245469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0580918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0315027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0607613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0488781
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0625463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02617802
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0205735
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0207743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0170521
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0164307
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0199476
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0947782
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73420
IRS990ScheduleA/PublicSupportPY170Pct00.71330
IRS990ScheduleA/PublicSupportTotal170Amt02617802
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0580918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0315027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0607613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0488781
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0625463
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02617802
IRS990ScheduleA/TotalSupportAmt03565584
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/CYEndwmtFundGrp/BeginningYearBalanceAmt06866844
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0472804
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt07339648
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06594532
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0272312
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06866844
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06107645
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0486887
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06594532
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05735760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0367271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06107645
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04614
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05182640
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0538914
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05735760
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt014206
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03000
IRS990ScheduleD/DonatedServicesUseFcltsAmt03000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022695
IRS990ScheduleD/ExpensesNotReportedAmt03000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt050590
IRS990ScheduleD/ExpensesSubtotalAmt0390223
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-301955
IRS990ScheduleD/OtherExpensesNotIncludedAmt050590
IRS990ScheduleD/OtherRevenuesNotIncludedAmt050590
IRS990ScheduleD/RevenueNotReportedAmt0-298955
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt050590
IRS990ScheduleD/RevenueSubtotalAmt0968713
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT MANAGEMENT FEES 50,590.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVESTMENT MANAGEMENT FEES 50,590.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0440813
IRS990ScheduleD/TotalRevenuePerForm990Amt01019303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0669758
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0393223
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0363456
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)(1)(A)(II)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0STUDENT SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LOURDES HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0410740119
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02800 19TH ST NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCHESTER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055901
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES A LIST OF STUDENTS WITH FINANCIAL NEEDS PROVIDED BY LOURDES HIGH SCHOOL. THE LIST IS REVIEWED TO IDENTIFY STUDENTS WHO MEET REQUIREMENTS FOR SCHOLARSHIPS AS AGREED UPON WITH THE SCHOLARSHIP DONOR. ALL SCHOLARSHIP PROCEEDS ARE PROVIDED DIRECTLY TO LOURDES HIGH SCHOOL TO PAY FOR THE QUALIFIED STUDENTS' TUITION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 IS PRESENTED TO THE FINANCE AND INVESTMENT COMMITTEE AND THE ENTIRE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERFORMANCE EVALUATION FORMS WERE SENT TO THE ENTIRE BOARD OF DIRECTORS. THE OFFICERS COMPILED THE RESULTS OF THE COMPLETED EVALUATIONS AND DISCUSSED WITH THE EXECUTIVE DIRECTOR. SALARY RECOMMENDATIONS WERE COMPARED WITH REGIONAL COMPARATIVE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE LOURDES FOUNDATION FORM 990 IS MADE AVAILABLE TO THE PUBLIC ON ITS WEBSITE OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOURDES FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT GUIDESTAR.ORG WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7,971,050
Liabilities
$10,900
Net assets
$7,960,150
Revenue
$1,019,303
Expenses
$440,813
Net income
$578,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$0.02$11.6$1.38$0.51$0.87
2023Detailed filing. Detailed filing data is available for this year.$10.4$0.03$10.3$0.90$0.49$0.41
2022Detailed filing. Detailed filing data is available for this year.$9.40$0.02$9.38$1.94$0.50$1.44
2021Detailed filing. Detailed filing data is available for this year.$9.98$0.01$9.97$1.11$0.46$0.66
2020Detailed filing. Detailed filing data is available for this year.$7.97$0.01$7.96$1.02$0.44$0.58
2019Detailed filing. Detailed filing data is available for this year.$7.69$0.01$7.68$0.72$0.40$0.32
2018Detailed filing. Detailed filing data is available for this year.$7.52$0.01$7.51$1.15$0.38$0.76
2017Detailed filing. Detailed filing data is available for this year.$6.78$0.02$6.77$0.74$0.46$0.28
2016Detailed filing. Detailed filing data is available for this year.$6.08$0.01$6.07$1.49$0.41$1.08
2015Detailed filing. Detailed filing data is available for this year.$5.71$0.01$5.70$0.41$0.35$0.06
2014Detailed filing. Detailed filing data is available for this year.$5.75$0.01$5.74$0.58$0.40$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.01$5.13$3.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.01$5.21$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.01$5.46$0.36