Civic Intelligence

Spalding Academy Endowment Foundation Inc

EIN 36-3499977 • 501(c)3 • Spalding, NE

Profile

The mission of the spalding academy endowment foundation, inc. Is to ensure the financial security of spalding academy and support the mission of the school for generations to come.

PO Box 310Spalding, NE 68665
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

84th percentile

36%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

44th percentile

1.5%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

95%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$3,852,654

Up $55,645 (+1.5%) from 2024

Liabilities

Down

$0

Down $181,285 (-100%) from 2024

Net Assets

Up

$3,852,654

Up $236,930 (+6.6%) from 2024

Operations
Liabilities / Revenue20th percentileNet Margin84th percentile

Revenue

Up

$316,368

Up $153,770 (+95%) from 2024

Expenses

Up

$202,570

Up $19,018 (+10%) from 2024

Net Income

Up

$113,798

Up $134,752 (+643%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $2,027,009Liabilities 2019: $0Net Assets 2019: $2,027,0092019Assets 2020: $3,234,409Liabilities 2020: $70,050Net Assets 2020: $3,164,3592020Assets 2021: $3,993,264Liabilities 2021: $170,263Net Assets 2021: $3,823,0012021Assets 2022: $3,373,850Liabilities 2022: $175,708Net Assets 2022: $3,198,1422022Assets 2023: $3,609,460Liabilities 2023: $177,267Net Assets 2023: $3,432,1932023Assets 2024: $3,797,009Liabilities 2024: $181,285Net Assets 2024: $3,615,7242024Assets 2025: $3,852,654Liabilities 2025: $0Net Assets 2025: $3,852,6542025

Highlighted filing

2025

Assets$3,852,654
Liabilities$0
Net Assets$3,852,654
Open 2025 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $129,331Expenses 2019: $88,560Net Income 2019: $40,7712019Revenue 2020: $1,364,364Expenses 2020: $123,789Net Income 2020: $1,240,5752020Revenue 2021: $450,172Expenses 2021: $218,805Net Income 2021: $231,3672021Revenue 2022: $289,819Expenses 2022: $194,905Net Income 2022: $94,9142022Revenue 2023: $198,896Expenses 2023: $183,211Net Income 2023: $15,6852023Revenue 2024: $162,598Expenses 2024: $183,552Net Income 2024: -$20,9542024Revenue 2025: $316,368Expenses 2025: $202,570Net Income 2025: $113,7982025

Highlighted filing

2025

Revenue$316,368
Expenses$202,570
Net Income$113,798
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,852,654
Liabilities
$0
Net assets
$3,852,654
Revenue
$316,368
Expenses
$202,570
Net income
$113,798
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.00$3.85$0.32$0.20$0.11
2024Detailed filing. Detailed filing data is available for this year.$3.80$0.18$3.62$0.16$0.18$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.61$0.18$3.43$0.20$0.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.37$0.18$3.20$0.29$0.19$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.99$0.17$3.82$0.45$0.22$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.23$0.07$3.16$1.36$0.12$1.24
2019Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$0.13$0.09$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 8, 2025
Return Version
2024v5.0
Gross Receipts
$785,620
Mission and Program Overview

Mission

The mission of spalding academy endowment foundation, inc. Is to ensure the financial security of spalding academy and support the mission of the school for generations to come.

The mission of the spalding academy endowment foundation, inc. Is to ensure the financial security of spalding academy and support the mission of the school for generations to come.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,615,724$3,852,654▲ $236,930
Investments in Publicly Traded Securities$2,663,173$2,637,516▼ $25,657
Savings and Temporary Cash Investments$307,374$363,268▲ $55,894
Cash and Non-Interest-Bearing Accounts$27,570$28,040▲ $470
Total Assets$3,797,009$3,852,654▲ $55,645
Other Assets Total$798,892$823,830▲ $24,938
Liabilities
Other Liabilities$181,285--
Total Liabilities$181,285$0▼ $181,285
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,615,724$3,852,654▲ $236,930
Total Liabilities and Net Assets / Fund Balance$3,797,009$3,852,654▲ $55,645

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,500$1,500
Other Assets Org$823,830--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,599,961$26,450▲ $412,238-$3,837,433
2023$3,415,805$27,090▲ $339,993$150$3,599,961
2022$3,181,148$165,823▲ $251,439$300$3,415,805
2021$3,804,057$62,675▲ $207,317$300$3,181,148
2020$3,164,359$248,438▲ $605,250$300$3,804,057
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Daniel BauerDirector
Gastyn CarraherDirector
Kali EschDirector
Mike MahonyDirector
Dennis BauerDirector/CHA
Tammy DiessnerDirector/sec
Rev Lawrence VadakkanDirector/tre
Revenue and Support

Revenue Composition

Contributions and Grants
$26,450
Program Service Revenue
$0
Investment Income
$289,918
Other Revenue
$0
All Other Contributions
$26,450
Change in Net Assets
$113,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$172,900
Other Expenses$29,670
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$172,900--$172,900
Insurance-$18,824-$18,824
Fees for Service Investment Mgmnt Fees-$8,828-$8,828
Fees for Services Accounting-$1,200-$1,200
Other Expenses-$818-$818
Total Functional Expenses$172,900$29,670$0$202,570
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spalding AcademySpalding, NE501c3Educational$162,900
ST MICHAEL'S CHURCHSpalding, NE501c3Religious$10,000
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board members are provided a copy of the 990 and it is approved prior to the filing of the return.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Spalding Academy Endowment
EIN
36-3499977
Phone
3082239843
Address
PO BOX 310, SPALDING, NE 68665

Signing Officer

Name
Rev Lawrence Vadakkan
Title
Director/treasurer
Phone
3084972662
Signed
2025-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Bauer
Formed
1986
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
LAMMERS ABEL & KAPS CPA'S PC
Address
140 N 16TH STREET, ORD, NE 68862
Preparer
Mary Glesinger
Phone
3087283015
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Increase in csv life insurance 24,938”

Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE FOLLOWING FACTORS SUPPORT THE CURRENT YEAR 10% FACTS AND CIRCUMSTANCES TEST: 1) THE PERCENTAGE OF FINANCIAL SUPPORT FROM PUBLIC SOURCES IS 22.45% AND EXCEEDS 10%; 2)PART OF THE REASON THE PERCENTAGE IS LOW IS BECAUSE IT RECEIVES A HIGH PERCENTAGE (52.35%) OF ITS SUPPORT FROM INVESTMENT INCOME ON ITS ENDOWMENT FUNDS, WHICH WERE CONTRIBUTED BY OVER 500 DONORS SINCE ITS INCEPTION; 3) THE ORGANIZATION RECEIVED DONATIONS FROM 10 INDIVIDUALS DURING THE FISCAL YEAR-ENDED JUNE 30, 2025; 4) THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND CONSISTS OF LOCAL BUSINESSPERSONS, FARMERS, SCHOOL BOARD MEMBERS AND A ROMAN CATHOLIC PRIEST/SCHOOL ADMINISTRATOR; 5) THE ORGANIZATION DOES NOT HAVE MEMBERS, ANYONE WISHING TO SUPPORT CATHOLIC EDUCATION IN THE COMMUNITY IS WELCOME TO DO SO; 6) THE ORGANIZATION SOLICITS CONTRIBUTIONS BY ANNUALLY PUBLISHING A NEWSLETTER, WHICH IS MAILED TO SPALDING ACADEMY ALUMNI RESIDING IN THE COMMUNITY AS WELL AS THROUGHOUT THE UNITED STATES. INCLUDED IN THE NEWSLETTER, IS A REPORT ON THE ENDOWMENT SHOWING FUND BALANCES, GIFTS MADE SINCE THE LAST NEWSLETTER, AND AN ADDRESS OF WHERE DONATIONS SHOULD BE MAILED TO. DONATIONS CAN ALSO BE MADE ONLINE AT HTTPS://SPALDINGACADEMY.ORG; AND 7) THE ORGANIZATION HAS RELIED ON ITS STATUS AS A PUBLICLY SUPPORTED ORGANIZATION HAVING RECEIVED A DETERMINATION LETTER WHICH CLASSIFIED IT AS PUBLICLY SUPPORTED AS DESCRIBED IN SECTIONS 509(A)(1) & 170(B)(1)(A)(VI).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CASH BEQUEST 50,000 PUBLICLY TRADED SECURITIES 23,440 CASH 50,000 CASH 50,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOLLOWING FACTORS SUPPORT THE CURRENT YEAR 10% FACTS AND CIRCUMSTANCES TEST: 1) THE PERCENTAGE OF FINANCIAL SUPPORT FROM PUBLIC SOURCES IS 22.45% AND EXCEEDS 10%; 2)PART OF THE REASON THE PERCENTAGE IS LOW IS BECAUSE IT RECEIVES A HIGH PERCENTAGE (52.35%) OF ITS SUPPORT FROM INVESTMENT INCOME ON ITS ENDOWMENT FUNDS, WHICH WERE CONTRIBUTED BY OVER 500 DONORS SINCE ITS INCEPTION; 3) THE ORGANIZATION RECEIVED DONATIONS FROM 10 INDIVIDUALS DURING THE FISCAL YEAR-ENDED JUNE 30, 2025; 4) THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND CONSISTS OF LOCAL BUSINESSPERSONS, FARMERS, SCHOOL BOARD MEMBERS AND A ROMAN CATHOLIC PRIEST/SCHOOL ADMINISTRATOR; 5) THE ORGANIZATION DOES NOT HAVE MEMBERS, ANYONE WISHING TO SUPPORT CATHOLIC EDUCATION IN THE COMMUNITY IS WELCOME TO DO SO; 6) THE ORGANIZATION SOLICITS CONTRIBUTIONS BY ANNUALLY PUBLISHING A NEWSLETTER, WHICH IS MAILED TO SPALDING ACADEMY ALUMNI RESIDING IN THE COMMUNITY AS WELL AS THROUGHOUT THE UNITED STATES. INCLUDED IN THE NEWSLETTER, IS A REPORT ON THE ENDOWMENT SHOWING FUND BALANCES, GIFTS MADE SINCE THE LAST NEWSLETTER, AND AN ADDRESS OF WHERE DONATIONS SHOULD BE MAILED TO. DONATIONS CAN ALSO BE MADE ONLINE AT HTTPS://SPALDINGACADEMY.ORG; AND 7) THE ORGANIZATION HAS RELIED ON ITS STATUS AS A PUBLICLY SUPPORTED ORGANIZATION HAVING RECEIVED A DETERMINATION LETTER WHICH CLASSIFIED IT AS PUBLICLY SUPPORTED AS DESCRIBED IN SECTIONS 509(A)(1) & 170(B)(1)(A)(VI).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt027090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt037733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt062675
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0198563
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0352511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0107057
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt068653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt068823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt057630
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0387333
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.22450
IRS990ScheduleA/PublicSupportPY170Pct00.19470
IRS990ScheduleA/PublicSupportTotal170Amt0166063
IRS990ScheduleA/SubstantialContributorsTotAmt0186448
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt026450
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt027090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt037733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt062675
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0198563
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0352511
IRS990ScheduleA/TotalSupportAmt0739844
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
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IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt028316
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03599961
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt026450
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03837433
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0172900
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0412238
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt022777
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03415805
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt027090
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03599961
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0160000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0339993
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0150
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt022305
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03181148
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0165823
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03415805
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0160000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0251439
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0327967
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03804057
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt062675
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03181148
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0150000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0207317
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt048690
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03164359
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0248438
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03804057
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0165000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0605250
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0300
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0823830
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH VALUE OF LIFE INSURANCE
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01500
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.90000
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0823830
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0162900
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RELIGIOUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPALDING ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ST MICHAEL'S CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0470403978
IRS990ScheduleI/RecipientTable/RecipientEIN1470403978
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 310
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 310
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPALDING
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SPALDING
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068665
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd168665
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PROCEDURES FOR ELIGIBILITY AND SELECTION CRITERIA ARE CONTAINED IN ITS BY-LAWS. PER THE BY-LAWS, THE BOARD OF DIRECTORS SHALL AT LEAST ANNUALLY OR MORE OFTEN, PAY THE INCOME ONLY, AND NOT THE PRINCIPAL, FOR THE USE AND BENEFIT OF SPALDING ACADEMY. THE BOARD ANNUALLY REVIEWS SPALDING ACADEMY'S BUDGET TO DETERMINE THE AMOUNT OF THE GRANT REQUESTED AND AWARDED. THE BOARD ALSO REVIEWS THE INCOME AND EXPENSE REPORTS PROVIDED BY SPALDING ACADEMY TO ENSURE THAT THE AMOUNT AWARDED IS USED FOR PROPER EXPENDITURES. NEWLY NAMED FUNDS IN THE FISCAL-YEAR ENDED JUNE 30, 2020 ALLOW FOR PRINCIPAL TO BE SPENT FOR TEACHER SALARIES, TO SUPPLEMENT MUSIC AND EXTRA-CURRICULAR ACTIVITIES AND TO HIRE A DEVELOPMENT DIRECTOR. GRANTS FROM THESE FUNDS ARE SUPPORTED BY EXPENSE REPORTS. THERE WAS ALSO A NEWLY NAMED FUND OF 100,000, WHICH PROVIDED FOR A 10,000 ANNUAL GRANT TO ST. MICHAEL'S CHURCH PER THE DONOR'S WISHES. ST. MICHAEL'S CHURCH PREPARES AN ANNUAL FINANCIAL REPORT DETAILING ALL OF ITS EXPENDITURES WHICH IS AVAILABLE TO ALL PARISHONERS. THE FOUNDATION'S BOARD, PER ITS BY-LAWS, MUST INCLUDE THE PARISH PRIEST OF ST. MICHAEL'S CHURCH WHO SERVES AS THE SUPERINTENDENT OF SPALDING ACADEMY SCHOOL, AS WELL AS A MEMBER OF THE BOARD OF DIRECTORS OF ST. MICHAEL'S CHURCH AND SPALDING ACADEMY SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE PROVIDED A COPY OF THE 990 AND IT IS APPROVED PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INCREASE IN CSV LIFE INSURANCE 24,938
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03797009
IRS990/TotalAssetsEOYAmt03852654
IRS990/TotalAssetsGrp/BOYAmt03797009
IRS990/TotalAssetsGrp/EOYAmt03852654
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt026450
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029670
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172900
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202570
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0181285
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0181285
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03615724
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03852654
IRS990/TotalProgramServiceExpensesAmt0172900
IRS990/TotalRevenueGrp/ExclusionAmt0289918
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0316368
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03797009
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03852654
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 310
IRS990/USAddress/CityNm0SPALDING
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068665
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0REV LAWRENCE VADAKKAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03084972662
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPALDING ACADEMY ENDOWMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SPAL
ReturnHeader/Filer/EIN0363499977
ReturnHeader/Filer/PhoneNum03082239843
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 310
ReturnHeader/Filer/USAddress/CityNm0SPALDING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068665
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861245109
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAMMERS ABEL & KAPS CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0140 N 16TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068862
ReturnHeader/PreparerPersonGrp/PhoneNum03087283015
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY GLESINGER
ReturnHeader/ReturnTs02025-08-26T17:04:15-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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