Civic Intelligence

Saint Edmond Catholic School Foundation

990 • Fiscal year 2021 • EIN 26-2935041

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

2220 4th Ave NFort Dodge, IA 50501

(515) 955-6077

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.39x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

78th percentile

26%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

470%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$16,628,487

Up $3,413,465 (+26%) from 2020

Net Assets

Up

$15,244,302

Up $4,140,782 (+37%) from 2020

Liabilities

Down

$1,384,185

Down $727,317 (-34%) from 2020

Revenue

Up

$3,539,983

Up $2,918,721 (+470%) from 2020

Expenses

Up

$908,903

Up $39,795 (+4.6%) from 2020

Net Income

Up

$2,631,080

Up $2,878,926 (+1162%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2017: $13,361,226Liabilities 2017: $2,393,635Net Assets 2017: $10,967,5912017Assets 2018: $13,644,146Liabilities 2018: $2,292,468Net Assets 2018: $11,351,6782018Assets 2019: $13,622,563Liabilities 2019: $2,199,742Net Assets 2019: $11,422,8212019Assets 2020: $13,215,022Liabilities 2020: $2,111,502Net Assets 2020: $11,103,5202020Assets 2021: $16,628,487Liabilities 2021: $1,384,185Net Assets 2021: $15,244,3022021Assets 2022: $14,207,711Liabilities 2022: $675,397Net Assets 2022: $13,532,3142022Assets 2023: $14,601,386Liabilities 2023: $492,360Net Assets 2023: $14,109,0262023Assets 2024: $15,343,546Liabilities 2024: $278,802Net Assets 2024: $15,064,7442024

Highlighted filing

2021

Assets$16,628,487
Liabilities$1,384,185
Net Assets$15,244,302

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2017: $775,849Expenses 2017: $1,554,651Net Income 2017: -$778,8022017Revenue 2018: $852,467Expenses 2018: $942,932Net Income 2018: -$90,4652018Revenue 2019: $849,936Expenses 2019: $984,930Net Income 2019: -$134,9942019Revenue 2020: $621,262Expenses 2020: $869,108Net Income 2020: -$247,8462020Revenue 2021: $3,539,983Expenses 2021: $908,903Net Income 2021: $2,631,0802021Revenue 2022: $1,455,708Expenses 2022: $698,504Net Income 2022: $757,2042022Revenue 2023: $383,752Expenses 2023: $967,380Net Income 2023: -$583,6282023Revenue 2024: $843,194Expenses 2024: $954,560Net Income 2024: -$111,3662024

Highlighted filing

2021

Revenue$3,539,983
Expenses$908,903
Net Income$2,631,080
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.1
Gross Receipts
$3,539,983
Mission and Program Overview

Mission

To support the fort dodge catholic school system through grants and scholarships for students and direct financial support of the school infrastructure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$11,651,473$15,050,638▲ $3,399,165
Cash and Non-Interest-Bearing Accounts$986,804$764,156▼ $222,648
Pledges and Grants Receivable$0$133,401▲ $133,401
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$13,215,022$16,628,487▲ $3,413,465
Other Assets Total$576,745$680,292▲ $103,547
Liabilities
Unsecured Notes Loans Payable$2,111,502$1,384,185▼ $727,317
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,111,502$1,384,185▼ $727,317
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,869,203$7,644,321▼ $224,882
Net Assets Without Donor Restrictions$3,234,317$7,599,981▲ $4,365,664
Total Net Assets Fund Balance$11,103,520$15,244,302▲ $4,140,782
Total Liabilities and Net Assets / Fund Balance$13,215,022$16,628,487▲ $3,413,465

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$15,050,638--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$7,307,018$630,639▲ $3,175,836-$9,550,840
2019$7,258,627$178,846▲ $60,701-$7,307,018
2018$7,269,525$473,097▲ $61,059-$7,258,627
2017$7,120,418$149,107--$7,269,525
2016$6,963,318$157,100--$7,120,418
Compensation and Service Providers

Board Members and Trustees

NameTitle
Keith KolaciaChairman
Msgr Kevin MccoyVice Chair
Craig SchlienzDirector
Dennis CrimminsDirector
Greg BockenDirector
Jim BockenDirector
Jon FlatteryDirector
Mary GibbDirector
Neven MulhollandDirector
Philip GundersonDirector
Tom MikloFundraising
Marissa CrimminsSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$892,054
Program Service Revenue
$0
Investment Income
$2,647,929
Other Revenue
$0
All Other Contributions
$892,054
Change in Net Assets
$2,631,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$772,026
Other Expenses$136,877
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$733,686--$733,686
Fees for Service Investment Mgmnt Fees$75,229--$75,229
Interest$61,648--$61,648
Grants to Domestic Individuals$38,340--$38,340
Total Functional Expenses$908,903$0$0$908,903
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Edmond Catholic Schoolholy Trinity ParishFort Dodge, IA501(c)(3)K Through 12 Education$733,686
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board receives a copy of form 990 for review prior to the return being filed.

Form 990, Part VI, Section C, Line 19

Copies of the governing documents and company policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Saint Edmond Catholic School Foundation
EIN
26-2935041
In Care Of
% TONYA LAWLER
Phone
5159556077
Address
2220 4TH AVE N, FORT DODGE, IA 50501

Signing Officer

Name
Msgr Kevin Mccoy
Title
Secretary
Phone
5159556077
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Msgr Kevin Mccoy
Formed
1976
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
20

Preparer

Firm
Bkd Llp
Address
1401 50th Street Suite 350, West Des Moines, IA 50266-5935
Preparer
Bernadette D Zita
Phone
5152230159
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in Beneficial Interest in Trusts $125,546

Financial Statement Notes

ASC 740 Footnote

Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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