Civic Intelligence

Subiaco Academy Foundation

990 • Fiscal year 2023 • EIN 26-4589008

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

Organization ProfileSUBIACOACADEMY.US
405 N Subiaco AvenueSubiaco, AR 72865

(479) 934-1025

Siviq Scores

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

Liabilities / Assets

57th percentile

0.19x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

1.04x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

8th percentile

-42%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

15th percentile

-5.9%

Faster asset growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$7,479,730

Down $466,240 (-5.9%) from 2022

Net Assets

Down

$6,087,255

Down $528,314 (-8.0%) from 2022

Liabilities

Up

$1,392,475

Up $62,074 (+4.7%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin8th percentile

Revenue

Up

$1,335,385

Up $1,608,439 (+589%) from 2022

Expenses

Down

$1,900,743

Down $186,883 (-9.0%) from 2022

Net Income

Up

-$565,358

Up $1,795,322 (+76%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$10M$5.0M$0Assets 2021: $9,513,583Liabilities 2021: $1,298,892Net Assets 2021: $8,214,6912021Assets 2022: $7,945,970Liabilities 2022: $1,330,401Net Assets 2022: $6,615,5692022Assets 2023: $7,479,730Liabilities 2023: $1,392,475Net Assets 2023: $6,087,2552023Assets 2024: $8,451,526Liabilities 2024: $1,381,809Net Assets 2024: $7,069,7172024

Highlighted filing

2023

Assets$7,479,730
Liabilities$1,392,475
Net Assets$6,087,255
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2021: $2,010,225Expenses 2021: $2,051,185Net Income 2021: -$40,9602021Revenue 2022: -$273,054Expenses 2022: $2,087,626Net Income 2022: -$2,360,6802022Revenue 2023: $1,335,385Expenses 2023: $1,900,743Net Income 2023: -$565,3582023Revenue 2024: $2,241,517Expenses 2024: $1,499,762Net Income 2024: $741,7552024

Highlighted filing

2023

Revenue$1,335,385
Expenses$1,900,743
Net Income-$565,358
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$1,648,944
Mission and Program Overview

Mission

Collection and distribution of funds used exclusively for the religious, educational, and charitable ministries of the subiaco abbey and subiaco academy (supported organizations), consistent with its status and with the mission of these entities.

Collection and distribution of funds used exclusively for the religious, educational, and charitable ministries of subiaco abbey and subiaco academy (supported organizations), consistent with its status and with the mission of these entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,155,331$6,025,029▲ $869,698
Pledges and Grants Receivable$1,412,751$994,849▼ $417,902
Accounts Receivable$229,801$294,688▲ $64,887
Savings and Temporary Cash Investments$1,136,403$140,668▼ $995,735
Cash and Non-Interest-Bearing Accounts$11,684$24,496▲ $12,812
Total Assets$7,945,970$7,479,730▼ $466,240
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,250,000$1,274,076▲ $24,076
Accounts Payable and Accrued Expenses$80,401$118,399▲ $37,998
Total Liabilities$1,330,401$1,392,475▲ $62,074
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,363,551$4,650,851▼ $712,700
Net Assets Without Donor Restrictions$1,252,018$1,436,404▲ $184,386
Total Net Assets Fund Balance$6,615,569$6,087,255▼ $528,314
Total Liabilities and Net Assets / Fund Balance$7,945,970$7,479,730▼ $466,240

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,025,029--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$5,155,331$1,011,090▲ $441,694$557,487$6,025,029
2021$5,657,225$1,561,340▼ $828,238$1,179,638$5,155,331
2020$4,344,962$2,005,827▲ $1,166,276$1,833,052$5,657,225
2019$3,995,482$476,486▲ $240,215$345,004$4,344,962
2018$3,385,940$409,603▲ $230,120$10,000$3,995,482
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Steve SchmitzPresident
J Clay GillilandVice-president
Dawn EppingDirector
Fr Cassian Elkins OsbDirector
Fr Richard Walz OsbDirector
Gerald PlafcanDirector
John MendenhallDirector
Leo AnhaltDirector
Mark S LucidoDirector
Michael WillemsDirector
Perry E TrachierDirector
Charles AndersonSecretary
Vincent E TateTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$896,564
Program Service Revenue
$0
Investment Income
$438,821
Other Revenue
$0
All Other Contributions
$796,564
Change in Net Assets
$-565,358

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$72,582Fair Market Value
Total Noncash Contributions3$72,582-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,765,743
Total Fundraising Expense$162,211
Professional Fundraising Fees$135,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$1,736,543--$1,736,543
Fees for Services Professional Fundraising--$135,000$135,000
Interest--$24,076$24,076
Fees for Service Investment Mgmnt Fees-$1,989-$1,989
Travel--$1,937$1,937
Other Expenses--$525$525
Total Functional Expenses$1,736,543$1,989$162,211$1,900,743
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$135,000
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
Backup withholding compliance
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
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“Changed name to subiaco foundation - see attached articles of amendment from the arkansas secretary of state”

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

“The initial board of trustees, and each subsequent board, shall select new or replacement trustees other than the ex-officio trustee or the member designee at the end of a trustee's term or upon such trustee's death, disability or retirement from the subiaco academy foundation board.”

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

“The sole member of the subiaco academy foundation is monastic chapter of subiaco abbey, which is also the sole member of subiaco academy. The sole member has reserved powers listed in the bylaws. Subiaco academy foundation board of trustees will take no action on the listed items in the bylaws without the consent of the sole member.”

Form 990, Part VI, Section A, Line 8B

“The committees of the subiaco academy foundation board of trustees are not required to document their meetings. Each committee reports to the board of trustees and all matters transacted by a committee in the name of the foundation shall be submitted and ratified by the board of trustees at its next regular or special meeting. Minutes are taken at each board of trustee meeting.”

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

“The form 990 is reviewed by the secretary/treasurer and the president of the governing board prior to its filing. Any review by additional members of the governing board is performed after the form 990 is filed.”

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

“All proposed transactions are evaluated to determine if any conflict of interest exists. If a conflict does exist, it is disclosed to the board of directors and documented in the minutes. The procedures in the confilct of interest policy are followed including the person in conflict not participating in the discussion or voting surrounding the transaction and the investigation of alternatives to the proposed transaction.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Subiaco Foundation
EIN
26-4589008
Phone
4799341025
Address
405 N SUBIACO AVENUE, SUBIACO, AR 72865

Signing Officer

Name
Charles Anderson
Title
Secretary
Phone
4799341025
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karla Kennedy
Formed
2009
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Landmark Plc Cpas
Address
P O BOX 10148, FORT SMITH, AR 72917-0148
Preparer
Deana a Infield
Phone
4794845740
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Accrual to cash adj-net change in receivables plus pledge payments received 37,044.”

Financial Statement Notes

PART V, LINE 4:

“The organization's endowment funds are intended to be used for general support of the supported organizations and for the care of the aging monks of the subiaco abbey.”

PART X, LINE 2:

“The organization has analyzed the tax positions taken or expected to be taken that would require the recognition of a liabiilty (or asset) or disclosure in the consolidated financial statements.”

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IRS990/PaymentsToAffiliatesGrp/TotalAmt01736543
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01412751
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0994849
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KARLA KENNEDY
IRS990/ProfessionalFundraisingInd01
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE FUNDS TO SUBIACO ABBEY FOR STARTUP OF NEW EMPLOYEE POSITIONS, HEALTH CENTER ELEVATOR, WATER TOWER RESTORATION, ROOFING, MONK CARE, SECURITY, OPERATING EXEPENSES, VEHICLE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01046472
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0583830
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-856884
IRS990/PYOtherExpensesAmt01952626
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2360680
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02087626
IRS990/PYTotalProfFndrsngExpnsAmt0135000
IRS990/PYTotalRevenueAmt0-273054
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-565358
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0100000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01136403
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0140668
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0710236908
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1043732488
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd12
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01046472
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1690071
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SUBIACO ABBEY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1SUBIACO ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01736543
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/AdministrativeExpensesAmt025599
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05155331
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01011090
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06025029
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0441694
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0557487
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt055358
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05657225
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01561340
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05155331
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-828238
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01179638
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt026788
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04344962
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt02005827
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05657225
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01166276
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01833052
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt022217
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03995482
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0476486
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04344962
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0240215
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0345004
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt020181
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03385940
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0409603
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03995482
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0230120
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt010000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06025029
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MERRILL LYNCH INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03300
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR GENERAL SUPPORT OF THE SUPPORTED ORGANIZATIONS AND FOR THE CARE OF THE AGING MONKS OF THE SUBIACO ABBEY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABIILTY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.96700
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt06025029
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0SOLICITATION
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0896564
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0761564
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0SUBIACO ABBEY
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0135000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0405 N SUBIACO AVENUE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0SUBIACO
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0AR
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd072865
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0LIST OF TEN HIGHEST PAID FUNDRAISERS: SUBIACO ABBEY 405 N SUBIACO AVENUE, SUBIACO, AR 72865
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt1EMPLOYEES OF SUBIACO ABBEY OCCASIONALLY HAD POSSESSION OF FUNDS AND THE AUTHORITY TO DEPOSIT THOSE FUNDS FOR THE ORGANIZATION.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2B
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2B, COLUMN (III)
IRS990ScheduleG/TotalGrossReceiptsAmt0896564
IRS990ScheduleG/TotalNetToOrganizationAmt0761564
IRS990ScheduleG/TotalRetainedByContractorsAmt0135000
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt072582
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PAID A RELATED PARTY, SUBIACO ABBEY, TO SOLICIT AND PROCESS NON-CASH CONTRIBUTIONS. THE ORGANIZATION USES THIRD PARTIES TO SELL THE NON-CASH CONTRIBUTIONS WHICH ARE PRIMARILY PUBLICALLY-TRADED STOCKS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHANGED NAME TO SUBIACO FOUNDATION - SEE ATTACHED ARTICLES OF AMENDMENT FROM THE ARKANSAS SECRETARY OF STATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INITIAL BOARD OF TRUSTEES, AND EACH SUBSEQUENT BOARD, SHALL SELECT NEW OR REPLACEMENT TRUSTEES OTHER THAN THE EX-OFFICIO TRUSTEE OR THE MEMBER DESIGNEE AT THE END OF A TRUSTEE'S TERM OR UPON SUCH TRUSTEE'S DEATH, DISABILITY OR RETIREMENT FROM THE SUBIACO ACADEMY FOUNDATION BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF THE SUBIACO ACADEMY FOUNDATION IS MONASTIC CHAPTER OF SUBIACO ABBEY, WHICH IS ALSO THE SOLE MEMBER OF SUBIACO ACADEMY. THE SOLE MEMBER HAS RESERVED POWERS LISTED IN THE BYLAWS. SUBIACO ACADEMY FOUNDATION BOARD OF TRUSTEES WILL TAKE NO ACTION ON THE LISTED ITEMS IN THE BYLAWS WITHOUT THE CONSENT OF THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMMITTEES OF THE SUBIACO ACADEMY FOUNDATION BOARD OF TRUSTEES ARE NOT REQUIRED TO DOCUMENT THEIR MEETINGS. EACH COMMITTEE REPORTS TO THE BOARD OF TRUSTEES AND ALL MATTERS TRANSACTED BY A COMMITTEE IN THE NAME OF THE FOUNDATION SHALL BE SUBMITTED AND RATIFIED BY THE BOARD OF TRUSTEES AT ITS NEXT REGULAR OR SPECIAL MEETING. MINUTES ARE TAKEN AT EACH BOARD OF TRUSTEE MEETING.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,479,730
Liabilities
$1,392,475
Net assets
$6,087,255
Revenue
$1,335,385
Expenses
$1,900,743
Net income
-$565,358
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.45$1.38$7.07$2.24$1.50$0.74
2023Detailed filing. Detailed filing data is available for this year.$7.48$1.39$6.09$1.34$1.90$0.57
2022Detailed filing. Detailed filing data is available for this year.$7.95$1.33$6.62$0.27$2.09$2.36
2021Detailed filing. Detailed filing data is available for this year.$9.51$1.30$8.21$2.01$2.05$0.04