Civic Intelligence

Mcmahon-Parater Foundation for Education

990 • Fiscal year 2011 • EIN 26-1830477

Jul 01, 2010 to Jun 30, 2011 • Filed on Mar 29, 2012

Organization ProfileWWW.MCMAHONPARATER.ORG
7800 Carousel Lane23294
Siviq Scores

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

Liabilities / Assets

32nd percentile

0.03x

Higher debt load relative to assets than 32% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$4,798,588

Up $582,429 (+14%) from 2010

Net Assets

Up

$4,641,538

Up $610,579 (+15%) from 2010

Liabilities

Down

$157,050

Down $28,150 (-15%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$227,328

Up $27,658 (+14%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$15M$10M$5.0M$0Assets 2010: $4,216,159Liabilities 2010: $185,200Net Assets 2010: $4,030,9592010Assets 2011: $4,798,588Liabilities 2011: $157,050Net Assets 2011: $4,641,5382011Assets 2012: $5,034,525Liabilities 2012: $10,000Net Assets 2012: $5,024,5252012Assets 2013: $6,542,031Liabilities 2013: $0Net Assets 2013: $6,542,0312013Assets 2014: $7,480,586Liabilities 2014: $69,878Net Assets 2014: $7,410,7082014Assets 2015: $10,450,944Liabilities 2015: $144,417Net Assets 2015: $10,306,5272015Assets 2016: $13,213,548Liabilities 2016: $194,744Net Assets 2016: $13,018,8042016Assets 2018: $4,649,685Liabilities 2018: $107,245Net Assets 2018: $4,542,4402018Assets 2019: $4,288,639Liabilities 2019: $449,577Net Assets 2019: $3,839,0622019Assets 2020: $2,765,631Liabilities 2020: $55,242Net Assets 2020: $2,710,3892020Assets 2021: $3,836,574Liabilities 2021: $28,816Net Assets 2021: $3,807,7582021Assets 2022: $5,471,128Liabilities 2022: $118,353Net Assets 2022: $5,352,7752022Assets 2023: $10,612,071Liabilities 2023: $330,231Net Assets 2023: $10,281,8402023Assets 2025: $5,151,301Liabilities 2025: $42,203Net Assets 2025: $5,109,0982025

Highlighted filing

2011

Assets$4,798,588
Liabilities$157,050
Net Assets$4,641,538
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $199,6702010Expenses 2011: $227,3282011Expenses 2012: $75,6112012Expenses 2013: $193,0702013Revenue 2014: $1,693,504Expenses 2014: $1,325,129Net Income 2014: $368,3752014Revenue 2015: $4,504,600Expenses 2015: $1,695,618Net Income 2015: $2,808,9822015Revenue 2016: $5,514,605Expenses 2016: $2,503,700Net Income 2016: $3,010,9052016Revenue 2018: $5,571,428Expenses 2018: $4,817,859Net Income 2018: $753,5692018Revenue 2019: $5,299,246Expenses 2019: $6,008,869Net Income 2019: -$709,6232019Revenue 2020: $4,404,749Expenses 2020: $5,531,128Net Income 2020: -$1,126,3792020Revenue 2021: $5,710,475Expenses 2021: $4,611,836Net Income 2021: $1,098,6392021Revenue 2022: $7,331,353Expenses 2022: $5,673,391Net Income 2022: $1,657,9622022Revenue 2023: $15,894,920Expenses 2023: $11,000,815Net Income 2023: $4,894,1052023Revenue 2025: $5,773,290Expenses 2025: $6,629,652Net Income 2025: -$856,3622025

Highlighted filing

2011

Revenue-
Expenses$227,328
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Mar 29, 2012
Return Version
2010v3.4
Gross Receipts
$770,005
Mission and Program Overview

Mission

To provide financial assistance to the catholic schools within the geographical confines of the roman catholic diocese of richmond.

Filing and Contact Details

Filer

EIN
26-1830477
Raw XML AppendixShowing 400 of 454 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/MissionDescription0THE FOUNDATION ENABLES THE CATHOLIC SCHOOLS IN THE ROMAN CATHOLIC DIOCESE OF RICHMOND, WHO ARE COMMITTED TO COLLABORATIVE PLANNING, TO REMAIN THE EDUCATIONAL CHOICE FOR THE FUTURE BY PROVIDING FINANCIAL TUITION ASSISTANCE TO THESE SCHOOLS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE FOUNDATION ENDOWMENTS CONSIST OF VARIOUS FUNDS ESTABLISHED FOR THE PURPOSE THAT THE PRINCIPAL IS TO BE HELD INDEFINITELY AND INCOME FROM WHICH IS EXPENDABLE TO FUND AS MANY SCHOLARSHIPS AS POSSIBLE.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1THE FOUNDATION HAS EVALUATED ALL INCOME TAX POSITIONS THAT COULD HAVE A SIGNIFICANT AFFECT ON THE FINANCIAL STATEMENTS AND IDENTIFIED NO SIGNIFICANT FINANCIAL EXPOSURE TO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2011.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2FUNDRAISING EXPENSE PAID BY RELATED ENTITY 183,300.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3FUNDRAISING EXPENSE PAID BY RELATED ENTITY 183,300.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier3PART XIII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0TUTITION ASSISTANCE
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: TUITION ASSISTANCE IS DETERMINED BY FACTS - A GRANT/AID RESOURCE COMPANY. THE INDIVIDUAL PARENTS APPLY FOR FINANCIAL AID, SUBMITTING ALL PERSONAL PERTINENT DATA ON FINANCES, USUALLY INCLUDING THE CURRENT YEAR W-2 AND PRIOR YEAR TAXES. FACTS TAKES ALL INFORMATION AND COMPUTES A FINANCIAL NEED BASED ON THE TUITION RATE. THIS INFORMATION IS DOWNLOADED BY THE DIOCESE AND THE AMOUNT AVAILABLE FOR AWARD (PREVIOUS YEAR WAS $200,000 AVAILABLE) IS THEN MATHEMATICALLY DISTRIBUTED BASED ON RANGES OF NEED. THE MINIMUM GIVEN IS $25 AND THE MAXIMUM IS $1,000 PER STUDENT. THE AMOUNTS ARE ANNOUNCED TO THE FAMILY AND SCHOOL BY AN AWARD LETTER. THE AWARD IS PAID DIRECTLY TO THE SCHOOL THE STUDENT ATTENDS. HOWEVER, THE SCHOOL IS RESPONSIBLE FOR THE PROPER RECORDING IN THEIR ACCOUNTING RECORDS. WHEN THE SCHOOLS BACKUP TO THE DIOCESAN SERVER, THE DIOCESE CHECKS SCHOOL BY SCHOOL, STUDENT BY STUDENT, TO ENSURE THAT THE GRANT/AID FROM MPFE IS APPLIED TO THE APPROPRIATE STUDENT ACCOUNT BASED ON THE INFORMATION THE DIOCESE HAS DISBURSED/RECEIVED. THE SCHOOLS ARE REQUIRED TO RETURN ANY AID NOT ACCEPTED OR NOT USED IF A STUDENT LEAVES THEIR LOCATION (I.E., WITHDRAWAL MID-YEAR RETURNS HALF OF THE AWARD).
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
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IRS990ScheduleO/GeneralExplanation/Explanation0THE BISHOP OF RICHMOND, FRANCIS X. DILORENZO, IS THE SOLE MEMBER OF THE CORPORATION. HE APPOINTS AND APPROVES MEMBERS OF THE BOARD AND UPON DISSOLUTION WOULD RECEIVE ASSETS OF THE FOUNDATION.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BISHOP OF RICHMOND, FRANCIS X. DILORENZO, HAS THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY, BUT HAS NOT UTILIZED THIS RIGHT.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SOLE MEMBER OF THE CORPORATION, FRANCIS X. DILORENZO, HAS THE POWER TO APPROVE THE ELECTION OF THE CHAIRMAN OF THE BOARD, VICE-CHAIRMAN, PRESIDENT, SECRETARY, TREASURER AND OTHER OFFICERS OF THE CORPORATION. HE ALSO HAS THE POWER TO APPROVE OF A MERGER OR CONSOLIDATION OR THE CREATION OF A SUBSIDARY ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FORM 990 IS PRESENTED AT A BOARD MEETING FOR ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY UNDERSTAND AND AGREE TO ABIDE BY THE CONFLICTS OF INTEREST POLICY. IN THE EVENT THAT A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST DURING THE YEAR, SUCH BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS OR VOTE ON THE MATTER.
IRS990ScheduleO/GeneralExplanation/Explanation5FORM 990, PART VI, SECTION B, LINE 15: THE FOUNDATION HAS NO PAID EMPLOYEES; EMPLOYEES ARE SHARED WITH THE CATHOLIC DIOCESE OF RICHMOND, A RELATED TAX-EXEMPT ORGANIZATION. THE FOUNDATION FOLLOWS THE SAME POLICIES FOR REVIEW AND APPROVAL OF SALARIES THAT ARE USED BY THE DIOCESE. THESE POLICIES INCLUDE REVIEWING COMPARABLE DATA FROM OTHER SIMILAR TAX-EXEMPT ORGANIZATIONS AND APPROVAL AND DOCUMENTATION OF SALARIES BY INDEPENDENT PERSONS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE CATHOLIC DIOCESAN OFFICES.
IRS990ScheduleO/GeneralExplanation/Explanation7NET UNREALIZED GAINS ON INVESTMENTS: 67,902.
IRS990ScheduleO/GeneralExplanation/Explanation8THIS RETURN IS BEING FILED BETWEEN MARCH 1, 2012, AND MARCH 30, 2012, AS DIRECTED BY THE IRS IN NOTICE 2012-4, BECAUSE ELECTRONIC FILING WAS NOT AVAILABLE JANUARY 1, 2012 THROUGH FEBRUARY 29, 2012. WE REQUEST THAT PENALTIES BE WAIVED BECAUSE IT WOULD BE INEQUITABLE TO IMPOSE A PENALTY ON US DUE TO THE UNUSUAL CIRCUMSTANCES REQUIRING US TO DELAY THE FILING OF THIS RETURN.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/Identifier2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/Identifier3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/Identifier4CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier5REASONABLE CAUSE STATEMENT
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 5:
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine107800 CAROUSEL LANE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0RICHMOND
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0VA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode023294
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0540505947
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0VA
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10CATHOLIC DIOCESE OF RICHMOND
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0RELIGIOUS
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 1
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg01
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities01
IRS990ScheduleR/SharingOfPaidEmployees01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0VA
IRS990/StatesWhereCopyOfReturnIsFiled0VA
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY03906548
IRS990/TemporarilyRestrictedNetAssets/EOY02540734
IRS990/Terminated00
IRS990/TermOrPermanentEndowments01
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine107800 CAROUSEL LANE
IRS990/TheBooksAreInCareOf/AddressUS/City0RICHMOND
IRS990/TheBooksAreInCareOf/AddressUS/State0VA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode023294
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10MICHAEL J MCGEE
IRS990/TheBooksAreInCareOf/TelephoneNumber08043595661
IRS990/TotalAssets/BOY04216159
IRS990/TotalAssetsBOY04216159
IRS990/TotalAssets/EOY04798588
IRS990/TotalAssetsEOY04798588
IRS990/TotalCompGT150K00
IRS990/TotalContributions0769441
IRS990/TotalExpensesCurrentYear0227328
IRS990/TotalExpensesPriorYear0199670
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral05278
IRS990/TotalFunctionalExpenses/ProgramServices0222050
IRS990/TotalFunctionalExpenses/Total0227328
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0185200
IRS990/TotalLiabilitiesBOY0185200
IRS990/TotalLiabilities/EOY0157050
IRS990/TotalLiabilitiesEOY0157050

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,798,588
Liabilities
$157,050
Net assets
$4,641,538
Revenue
-
Expenses
$227,328
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.04$5.11$5.77$6.63$0.86
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.33$10.3$15.9$11.0$4.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$0.12$5.35$7.33$5.67$1.66
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$0.03$3.81$5.71$4.61$1.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.06$2.71$4.40$5.53$1.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.29$0.45$3.84$5.30$6.01$0.71
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$0.11$4.54$5.57$4.82$0.75
2016Detailed filing. Detailed filing data is available for this year.$13.2$0.19$13.0$5.51$2.50$3.01
2015Detailed filing. Detailed filing data is available for this year.$10.5$0.14$10.3$4.50$1.70$2.81
2014Detailed filing. Detailed filing data is available for this year.$7.48$0.07$7.41$1.69$1.33$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$0.00$6.54$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.01$5.02$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.80$0.16$4.64$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$0.19$4.03$0.20