Civic Intelligence

Mcmahon-Parater Foundation for Education

990 • Fiscal year 2016 • EIN 26-1830477

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

7800 Carousel Lane No 1100Richmond, VA 23294

(804) 359-5661

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

56th percentile

$190,125

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

89th percentile

26%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

22%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$13,213,548

Up $2,762,604 (+26%) from 2015

Net Assets

Up

$13,018,804

Up $2,712,277 (+26%) from 2015

Liabilities

Up

$194,744

Up $50,327 (+35%) from 2015

Revenue

Up

$5,514,605

Up $1,010,005 (+22%) from 2015

Expenses

Up

$2,503,700

Up $808,082 (+48%) from 2015

Net Income

Up

$3,010,905

Up $201,923 (+7.2%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$13,213,548
Liabilities$194,744
Net Assets$13,018,804

Operations Trend

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

2016

Revenue$5,514,605
Expenses$2,503,700
Net Income$3,010,905
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$9,140,988
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,529,879$6,485,230▲ $1,955,351
Investments Other Securities$2,570,670$2,393,437▼ $177,233
Pledges and Grants Receivable$2,249,768$2,249,581▼ $187
Cash and Non-Interest-Bearing Accounts$1,100,627$2,085,300▲ $984,673
Total Assets$10,450,944$13,213,548▲ $2,762,604
Liabilities
Accounts Payable and Accrued Expenses$144,417$194,691▲ $50,274
Other Liabilities$0$53▲ $53
Total Liabilities$144,417$194,744▲ $50,327
Net Assets / Fund Balance
Permanently Rstr Net Assets$5,247,352$7,514,693▲ $2,267,341
Temporarily Rstr Net Assets$5,037,358$5,482,012▲ $444,654
Unrestricted Net Assets$21,817$22,099▲ $282
Total Net Assets Fund Balance$10,306,527$13,018,804▲ $2,712,277
Total Liabilities and Net Assets / Fund Balance$10,450,944$13,213,548▲ $2,762,604

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,393,437--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$6,565,657$2,303,127▼ $113,344-$8,755,440
2014$4,180,059$2,228,926▲ $156,672-$6,565,657
2013$3,563,707$279,356▲ $336,996-$4,180,059
2012$2,325,101$1,204,828▲ $33,778-$3,563,707
2011$2,077,149$283,340▲ $1,301$36,689$2,325,101
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Margaret KeightleyExecutive DirectorPT$144,573$144,573
Annette Z ParsonsPresidentPT$140,349$140,349
Francine ConwaySecretary-$118,648$118,648
Francis X DilorenzoSole Member-$76,172$76,172

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,422,531
Program Service Revenue
$0
Investment Income
$92,074
Other Revenue
$0
All Other Contributions
$5,256,531
Change in Net Assets
$3,010,905

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded28$414,420Fair Value
Total Noncash Contributions28$414,420-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,457,804
Revenue Not Reported on Financial Statements
$31,119
Revenue Not Reported on Form 990
$-272,946
Total Revenue per Audited Statements
$5,184,858
Total Revenue per Form 990
$5,488,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,277,804
Other Expenses$225,896
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$2,277,804--$2,277,804
Payments to Affiliates-$194,691-$194,691
Fees for Service Investment Mgmnt Fees-$31,119-$31,119
Office Expenses-$86-$86
Total Functional Expenses$2,277,804$225,896$0$2,503,700

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,503,700
Expenses per Audited Statements$2,472,581
Total Expenses per Audited Statements$2,472,581
Expenses Not Reported on Financial Statements$31,119
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$53
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The bishop of richmond, francis x. Dilorenzo, is the sole member of the corporation. He appoints and approves members of the board and upon dissolution the diocese of richmond would receive assets of the foundation.

Form 990, Part VI, Section A, Line 7A

The bishop of richmond, francis x. Dilorenzo, has the right to elect one or more members of the governing body.

Form 990, Part VI, Section A, Line 7B

The 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.

Form 990, Part VI, Section B, Line 11

The form 990 is presented at a board meeting for all officers, directors and key employees to review prior to filing.

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

The 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 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.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public at the catholic diocesan offices.

Filing and Contact Details

Filer

Filer Name
Mcmahon-parater Foundation for Education
EIN
26-1830477
Phone
8043595661
Address
7800 CAROUSEL LANE NO 1100, RICHMOND, VA 23294

Signing Officer

Name
Margaret Keightley
Title
Executive Director
Phone
8043595661
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Keightley
Formed
2007
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Cliftonlarsonallen Llp
Address
901 N GLEBE ROAD SUITE 200, ARLINGTON, VA 22203
Preparer
David Trimner
Phone
5712279500
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The 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.

PART X, LINE 2:

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 financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-9153
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt02277804
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02277804
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02277804
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03617230
IRS990/GrossReceiptsAmt09140988
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0101227
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0101227
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02570670
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02393437
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04529879
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06485230
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03626383
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TO THE CATHOLIC SCHOOLS WITHIN THE GEOGRAPHICAL CONFINES OF THE ROMAN CATHOLIC DIOCESE OF RICHMOND. ENDOWMENT MAY ALSO SUPPORT TEACHER PROFESSIONAL DEVELOPMENT AND SUPPORT ENHANCING ACADEMIC PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt010306527
IRS990/NetAssetsOrFundBalancesEOYAmt013018804
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-9153
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-9153
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-272946
IRS990/NoncashContributionsAmt0414420
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt086
IRS990/OfficeExpensesGrp/TotalAmt086
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt053
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0194691
IRS990/PaymentsToAffiliatesGrp/TotalAmt0194691
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt05247352
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt07514693
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02249768
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02249581
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARGARET KEIGHTLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04261914
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01526172
IRS990/PYInvestmentIncomeAmt0242686
IRS990/PYOtherExpensesAmt0169446
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02808982
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01695618
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04504600
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03010905
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0166000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05396849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04261914
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01517967
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01312323
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0476813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012965866
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0101227
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt084954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt074408
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010273
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02600
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0273462
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92550
IRS990ScheduleA/PublicSupportPY170Pct00.85440
IRS990ScheduleA/PublicSupportTotal170Amt012252843
IRS990ScheduleA/SubstantialContributorsTotAmt0713023
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05396849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04261914
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01517967
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01312323
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0476813
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012965866
IRS990ScheduleA/TotalSupportAmt013239328
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/BeginningYearBalanceAmt06565657
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02303127
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08755440
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-113344
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04180059
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02228926
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06565657
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0156672
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03563707
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0279356
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04180059
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0336996
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02325101
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01204828
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03563707
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033778
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02077149
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0283340
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02325101
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01301
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt036689
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt031119
IRS990ScheduleD/ExpensesSubtotalAmt02472581
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt031119
IRS990ScheduleD/InvestmentExpensesNotIncldAmt031119
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-272946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02393437
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MISSION DIOCESE FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.85830
IRS990ScheduleD/RevenueNotReportedAmt0-272946
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031119
IRS990ScheduleD/RevenueSubtotalAmt05457804
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1THE 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 FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.14170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02393437
IRS990ScheduleD/TotalExpensesPerForm990Amt02503700
IRS990ScheduleD/TotalLiabilityAmt053
IRS990ScheduleD/TotalRevenuePerForm990Amt05488923
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05184858
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02472581
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt02277804
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUTITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02508
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0TUITION 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 IS THEN MATHEMATICALLY DISTRIBUTED BASED ON RANGES OF NEED. 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 ITS 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00

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Filings

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