Civic Intelligence

Mcmahon-Parater Foundation for Education

990 • Fiscal year 2012 • EIN 26-1830477

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 13, 2013

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

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

62nd percentile

4.9%

Faster asset growth than 62% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$5,034,525

Up $235,937 (+4.9%) from 2011

Net Assets

Up

$5,024,525

Up $382,987 (+8.3%) from 2011

Liabilities

Down

$10,000

Down $147,050 (-94%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$75,611

Down $151,717 (-67%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2012

Assets$5,034,525
Liabilities$10,000
Net Assets$5,024,525
Open 2012 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

2012

Revenue-
Expenses$75,611
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 13, 2013
Return Version
2011v1.5
Gross Receipts
$1,352,363
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 455 raw XML fields

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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 IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN INCOME TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIALSTATEMENTS. AT A MINIMUM, THE FISCAL YEAR 2009 THROUGH 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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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 BACK-UP 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.
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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 SUBSIDIARY 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 CONFLICT OF INTEREST POLICY. IN TH 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/Explanation5THE 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: 131,235.
IRS990ScheduleO/GeneralExplanation/Explanation8EACH PERSON LISTED BELOW WORKED 35 HOURS PER WEEK FOR THE CATHOLIC DIOCESE OF RICHMOND: FRANCIS X. DILORENZO ANNETTE PARSONS FRANCINE CONWAY
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier1HOURS WORKED FOR EACH RELATED ENTITY
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference8PART VII
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/EIN0540505947
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0VA
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10CATHOLIC DIOCESE OF RICHMOND
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0RELIGIOUS
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/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY02540734
IRS990/TemporarilyRestrictedNetAssets/EOY02679525
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/BOY04798588
IRS990/TotalAssetsBOY04798588
IRS990/TotalAssets/EOY05034525
IRS990/TotalAssetsEOY05034525
IRS990/TotalCompGT150K00
IRS990/TotalContributions0324763
IRS990/TotalExpensesCurrentYear075611
IRS990/TotalExpensesPriorYear0227328
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral01022
IRS990/TotalFunctionalExpenses/ProgramServices074589
IRS990/TotalFunctionalExpenses/Total075611
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0157050
IRS990/TotalLiabilitiesBOY0157050
IRS990/TotalLiabilities/EOY010000
IRS990/TotalLiabilitiesEOY010000

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,034,525
Liabilities
$10,000
Net assets
$5,024,525
Revenue
-
Expenses
$75,611
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