Civic Intelligence

St. Paul School Foundation

990 • Fiscal year 2019 • EIN 34-1654883

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 07, 2020

925 East State StreetSalem, OH 44460

(330) 337-3451

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

5th percentile

-58%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

1.1%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$689,499

Down $111,175 (-14%) from 2018

Net Assets

Down

$689,499

Down $111,175 (-14%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$102,691

Up $1,162 (+1.1%) from 2018

Expenses

Up

$161,944

Up $13,852 (+9.4%) from 2018

Net Income

Down

-$59,253

Down $12,690 (-27%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $941,070Liabilities 2011: $0Net Assets 2011: $941,0702011Assets 2013: $943,637Liabilities 2013: $0Net Assets 2013: $943,6372013Assets 2014: $1,092,988Liabilities 2014: $0Net Assets 2014: $1,092,9882014Assets 2015: $852,238Liabilities 2015: $0Net Assets 2015: $852,2382015Assets 2016: $719,059Liabilities 2016: $0Net Assets 2016: $719,0592016Assets 2017: $730,456Liabilities 2017: $0Net Assets 2017: $730,4562017Assets 2018: $800,674Liabilities 2018: $0Net Assets 2018: $800,6742018Assets 2019: $689,499Liabilities 2019: $0Net Assets 2019: $689,4992019Assets 2020: $616,119Liabilities 2020: $0Net Assets 2020: $616,1192020Assets 2021: $831,775Liabilities 2021: $0Net Assets 2021: $831,7752021Assets 2022: $757,069Liabilities 2022: $0Net Assets 2022: $757,0692022Assets 2023: $791,686Liabilities 2023: $0Net Assets 2023: $791,6862023Assets 2024: $789,077Liabilities 2024: $0Net Assets 2024: $789,0772024

Highlighted filing

2019

Assets$689,499
Liabilities$0
Net Assets$689,499

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $123,5372011Expenses 2013: $35,8972013Revenue 2014: $119,759Expenses 2014: $108,108Net Income 2014: $11,6512014Revenue 2015: $113,477Expenses 2015: $178,723Net Income 2015: -$65,2462015Revenue 2016: $139,293Expenses 2016: $151,974Net Income 2016: -$12,6812016Revenue 2017: $62,346Expenses 2017: $93,431Net Income 2017: -$31,0852017Revenue 2018: $101,529Expenses 2018: $148,092Net Income 2018: -$46,5632018Revenue 2019: $102,691Expenses 2019: $161,944Net Income 2019: -$59,2532019Revenue 2020: $96,611Expenses 2020: $73,954Net Income 2020: $22,6572020Revenue 2021: $126,114Expenses 2021: $62,760Net Income 2021: $63,3542021Revenue 2022: $151,426Expenses 2022: $43,536Net Income 2022: $107,8902022Revenue 2023: $211,003Expenses 2023: $136,882Net Income 2023: $74,1212023Revenue 2024: $102,997Expenses 2024: $97,364Net Income 2024: $5,6332024

Highlighted filing

2019

Revenue$102,691
Expenses$161,944
Net Income-$59,253
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 7, 2020
Return Version
2018v3.1
Gross Receipts
$207,265
Mission and Program Overview

Mission

To provide for the general education needs of students of St. Paul School based upon financial need and academic achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$520,647$427,364▼ $93,283
Investments in Publicly Traded Securities$256,856$238,076▼ $18,780
Savings and Temporary Cash Investments$8,386$14,092▲ $5,706
Cash and Non-Interest-Bearing Accounts$14,785$9,967▼ $4,818
Total Assets$800,674$689,499▼ $111,175
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$759,738$653,204▼ $106,534
Permanently Rstr Net Assets$26,499$29,694▲ $3,195
Unrestricted Net Assets$14,437$6,601▼ $7,836
Total Net Assets Fund Balance$800,674$689,499▼ $111,175
Total Liabilities and Net Assets / Fund Balance$800,674$689,499▼ $111,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$63,350--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$26,499$1,250▲ $2,386-$29,694
2017$0$23,966▲ $2,538-$26,499
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$32,326
Program Service Revenue
$0
Investment Income
$70,365
Other Revenue
$0
All Other Contributions
$32,326
Change in Net Assets
$-59,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$153,840
Other Expenses$8,104
Total Fundraising Expense$5,112
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$143,190--$143,190
Grants to Domestic Individuals$10,650--$10,650
Fees for Services Accounting-$1,670-$1,670
Advertising$766--$766
Other Expenses$250$200$5,112$200
Office Expenses-$101-$101
Fees for Service Investment Mgmnt Fees-$5-$5
Total Functional Expenses$154,856$1,976$5,112$161,944
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Paul SchoolSalem, OH-Youth education$143,190
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Frank Zamarelli, trustee, and Lucille Karnofel, vice president, are cousins.

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

The organization's Board of Trustees reviews a PDF draft version of Form 990 prior to it being finalized and filed with the IRS.

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

The board adopted a conflict of interest policy and includes it with the information provided to the board of directors. The board will make its members aware of the existence of the policy on an annual basis.

Form 990, Part VI, Section B, line 15

The organization does not pay compensation to officers and has no employees.

Form 990, Part VI, Section C, line 18

The organization provides photocopies of its annual IRS form 990 when it is requested.

Form 990, Part VI, Section C, line 19

The organization's governing documents and Federal Form 990 are all available for public inspection at the organization's offices during regular business hours.

Filing and Contact Details

Filer

Filer Name
St Paul School Foundation
EIN
34-1654883
Phone
3303373451
Address
925 East State Street, Salem, OH 44460

Signing Officer

Name
michael rea
Title
Treasurer
Phone
3303373451
Signed
2020-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rea
Formed
1990
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
17

Preparer

Firm
Hack Steer & Company LLC
Address
314 E Second Street, Salem, OH 44460
Preparer
Roger E Hack CPA
Phone
3303378713
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

To reimburse teachers for their out of pocket expenditures for the students benefit.

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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/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The supported organization is the St. Paul School. The St. Paul School communicates to the Foundation the routine needs as well as extra ordinary circumstances reguiring financial assitance to maintain student safety and the high quality of teaching practices. The Foundation evaluates these requests and provides assistance when ever possible. This includes tuition assistance, maintenance of the overall plant, equipment and books.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Foundation was organized exclusively for educational and charitable purposes, to accept and expend funds in support of such curricular and extracurricular activities, programs and facilities of St. Paul School operated by the Diocese of Youngstown.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section E, 2 A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part IV, Section E, 2 B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0340733189
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0143190
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0St Paul School
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0143190
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/BoardDesignatedBalanceEOYPct00.75000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt026499
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt029694
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0441
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02386
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt05
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt023966
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt026499
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02538
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt091295
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt139928
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt238604
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt361015
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt436820
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt541263
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt655089
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt763350
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Thornburg Limited Term Income Fund
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Loomis Sayles Strategic Income
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Emerald Banking & Finance
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Resmed Inc
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Thornburg Global Oppurtunities
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Thornburg Value Class A
IRS990ScheduleD/OtherSecuritiesGrp/Desc6Texas Pacific Land Trust
IRS990ScheduleD/OtherSecuritiesGrp/Desc7DMC Global
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.25000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To reimburse teachers for their out of pocket expenditures for the students benefit.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0427364
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010650
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash
IRS990ScheduleI/RecipientTable/CashGrantAmt0143190
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Youth education
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0St Paul School
IRS990ScheduleI/RecipientTable/RecipientEIN0340733189
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0925 East State Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Salem
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044460
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization awarded scholarships in the amount of $10,650 during the year ended June 30, 2019. College scholarships are awarded to graduates of St. Paul School based on grade point averages, completion of three recommendation forms, a written essay describing past achievements and future plans, a second written essay describing the spiritual values learned and lived through their education at St. Paul School, and the students' involvement in St. Paul Parish Youth Ministry Programs. The Foundation also provided $143,190 to St. Paul School to assist the school in paying for operating expenses and equipment.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Explanation: Schedule A, Part I, Line h:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt01500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0Jackson Corbisello
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0Child of trustee Jeremy Corbisello
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0Scholarship
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Frank Zamarelli, trustee, and Lucille Karnofel, vice president, are cousins.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's Board of Trustees reviews a PDF draft version of Form 990 prior to it being finalized and filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board adopted a conflict of interest policy and includes it with the information provided to the board of directors. The board will make its members aware of the existence of the policy on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not pay compensation to officers and has no employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization provides photocopies of its annual IRS form 990 when it is requested.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization's governing documents and Federal Form 990 are all available for public inspection at the organization's offices during regular business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c

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