Civic Intelligence

Lourdes Foundation Inc.

990 • Fiscal year 2022 • EIN 23-7367336

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 09, 2023

Organization ProfileWWW.RCSMN.ORG/SUPPORT-RCS/LOURDES-FOUNDATION
1710 Industrial Drive NWRochester, MN 55901

(507) 424-1817

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.01x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

95th percentile

74%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

28th percentile

-5.9%

Faster asset growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

74%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets12th percentile

Assets

Down

$9,396,847

Down $586,878 (-5.9%) from 2021

Net Assets

Down

$9,381,821

Down $589,444 (-5.9%) from 2021

Liabilities

Up

$15,026

Up $2,566 (+21%) from 2021

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin95th percentile

Revenue

Up

$1,937,290

Up $825,107 (+74%) from 2021

Expenses

Up

$500,322

Up $43,473 (+9.5%) from 2021

Net Income

Up

$1,436,968

Up $781,634 (+119%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth28th 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

2022

Assets$9,396,847
Liabilities$15,026
Net Assets$9,381,821
Open 2022 Filing

Operations Trend

Revenue Growth89th 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

2022

Revenue$1,937,290
Expenses$500,322
Net Income$1,436,968
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 9, 2023
Return Version
2021v4.2
Gross Receipts
$4,199,579
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$9,805,404$9,143,650▼ $661,754
Savings and Temporary Cash Investments$162,916$226,234▲ $63,318
Prepaid Expenses and Deferred Charges-$10,000-
Accounts Receivable$32$600▲ $568
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$9,983,725$9,396,847▼ $586,878
Other Assets Total$15,373$16,363▲ $990
Liabilities
Accounts Payable and Accrued Expenses$12,460$15,026▲ $2,566
Total Liabilities$12,460$15,026▲ $2,566
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,750,582$9,166,258▼ $584,324
Net Assets Without Donor Restrictions$220,683$215,563▼ $5,120
Total Net Assets Fund Balance$9,971,265$9,381,821▼ $589,444
Total Liabilities and Net Assets / Fund Balance$9,983,725$9,396,847▼ $586,878

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$7,561,398$978,858--$8,540,256
2020$7,339,648$221,750--$7,561,398
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
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Andrew DavickPresident
Blair SeelhammerDirector
Darci Kopischke ResignedDirector
Dr William FaubionDirector
Erica RestovichDirector
James RogersDirector
Kari SchillingDirector
Kathleen AllisonDirector
Kc ReedDirector
Kevin BroadbentDirector
Melissa BrinkmanDirector
Nick ForlitiDirector
Trina MorrisDirector
Rebekah JohnsonAdvancement Coordinator
Gerry NonnSecretary
Joseph MahoneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,019,102
Program Service Revenue
$0
Investment Income
$918,188
Other Revenue
$0
All Other Contributions
$1,019,102
Change in Net Assets
$1,436,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,893,499
Revenue Not Reported on Financial Statements
$43,791
Revenue Not Reported on Form 990
$-2,023,412
Other Revenue Adjustments
$43,791
Total Revenue per Audited Statements
$-129,913
Total Revenue per Form 990
$1,937,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$437,215
Other Expenses$63,107
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$437,215--$437,215
Fees for Service Investment Mgmnt Fees-$43,791-$43,791
Fees for Services Accounting-$12,925-$12,925
All Other Expenses-$5,798-$5,798
Office Expenses$30$476-$506
Information Technology$31$31-$62
Advertising-$25-$25
Total Functional Expenses$437,276$63,046$0$500,322

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$500,322
Total Expenses per Audited Statements$459,531
Expenses per Audited Statements$456,531
Expenses Not Reported on Financial Statements$43,791
Other Expense Adjustments$43,791
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$437,215
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
1710 INDUSTRIAL DRIVE NW, ROCHESTER, MN 55901

Signing Officer

Name
Joseph Mahoney
Title
Treasurer
Phone
5074241817
Signed
2023-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mahoney
Formed
1974
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Smith Schafer and Assoc Ltd
Address
2575 COMMERCE DRIVE NW SUITE 200, ROCHESTER, MN 55901
Preparer
Andrew Forliti
Phone
5072883277
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees”

Raw XML AppendixShowing 400 of 483 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/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt022695
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02262289
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/NetAssetsOrFundBalancesBOYAmt09971265
IRS990/NetAssetsOrFundBalancesEOYAmt09381821
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0691572
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0691572
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2026412
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0220683
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0215563
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0476
IRS990/OfficeExpensesGrp/ProgramServicesAmt030
IRS990/OfficeExpensesGrp/TotalAmt0506
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015373
IRS990/OtherAssetsTotalGrp/EOYAmt016363
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010000
IRS990/PrincipalOfficerNm0JOSEPH MAHONEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT OF ROCHESTER CATHOLIC SCHOOL STUDENT ACTIVITIES, ATHLETICS, FINE ARTS AND MUSIC, AND PHILANTHROPIC ADVANCEMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt066025
IRS990/ProgSrvcAccomActy2Grp/GrantAmt066025
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt09927
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt09866
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0382095
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0403530
IRS990/PYInvestmentIncomeAmt0730088
IRS990/PYOtherExpensesAmt053319
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0655334
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0456849
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01112183
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01436968
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0162916
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0226234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01019102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0382095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0580918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0315027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0607613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02904755
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0226616
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0175080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0205735
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0207743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0170521
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0985695
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.74660
IRS990ScheduleA/PublicSupportPY170Pct00.72000
IRS990ScheduleA/PublicSupportTotal170Amt02904755
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01019102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0382095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0580918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0315027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0607613
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02904755
IRS990ScheduleA/TotalSupportAmt03890450
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/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07561398
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0978858
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08540256
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07339648
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0221750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07561398
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06866844
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0472804
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07339648
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06594532
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0272312
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06866844
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06107645
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0486887
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06594532
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt03000
IRS990ScheduleD/DonatedServicesUseFcltsAmt03000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022695
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022695
IRS990ScheduleD/ExpensesNotReportedAmt03000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt043791
IRS990ScheduleD/ExpensesSubtotalAmt0456531
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2026412
IRS990ScheduleD/OtherExpensesNotIncludedAmt043791
IRS990ScheduleD/OtherRevenuesNotIncludedAmt043791
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-2023412
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt043791
IRS990ScheduleD/RevenueSubtotalAmt01893499
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT MANAGEMENT FEES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INVESTMENT MANAGEMENT FEES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0500322
IRS990ScheduleD/TotalRevenuePerForm990Amt01937290
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-129913
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0459531
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0437215
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)(1)(A)(II)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,396,847
Liabilities
$15,026
Net assets
$9,381,821
Revenue
$1,937,290
Expenses
$500,322
Net income
$1,436,968
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