Civic Intelligence

Catholic Memorial School Foundation Inc

EIN 38-3957495 • 501(c)3 • West Roxbury, MA

Profile

Catholic memorial school foundation supports catholic memorial school (west roxbury, ma) by providing financial support for the school's physical plant, programs, operations and tuition assistance.

Refreshing map…

235 Baker StreetWest Roxbury, MA 02132

n/A

Siviq Scores

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

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.41x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

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 2024

Asset Growth

85th percentile

31%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.5%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Using 2023 Form 990 data because the latest 2024 filing does not report standard financial totals.

Assets

Down

$2,979,838

Down $405,780 (-12%) from 2022

Liabilities

Up

$95,750

Up $18,750 (+24%) from 2022

Net Assets

Down

$2,884,088

Down $424,530 (-13%) from 2022

Operations
Liabilities / Revenue78th percentileNet Margin96th percentile

Revenue

Down

$802,244

Down $781,496 (-49%) from 2022

Expenses

Up

$1,264,529

Up $704,652 (+126%) from 2022

Net Income

Down

-$462,285

Down $1,486,148 (-145%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

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

$6.0M$4.0M$2.0M$0Assets 2015: $1,159,166Liabilities 2015: $26,203Net Assets 2015: $1,132,9632015Assets 2016: $1,466,443Liabilities 2016: $51,000Net Assets 2016: $1,415,4432016Assets 2017: $2,116,411Liabilities 2017: $155,828Net Assets 2017: $1,960,5832017Assets 2018: $3,230,931Liabilities 2018: $233,214Net Assets 2018: $2,997,7172018Assets 2019: $4,186,923Liabilities 2019: $2,056,692Net Assets 2019: $2,130,2312019Assets 2020: $3,404,796Liabilities 2020: $441,894Net Assets 2020: $2,962,9022020Assets 2021: $2,665,438Liabilities 2021: $313,764Net Assets 2021: $2,351,6742021Assets 2022: $3,385,618Liabilities 2022: $77,000Net Assets 2022: $3,308,6182022Assets 2023: $2,979,838Liabilities 2023: $95,750Net Assets 2023: $2,884,0882023

Latest loaded filing

2023

Assets$2,979,838
Liabilities$95,750
Net Assets$2,884,088
Open 2023 Filing

Operations Trend

Revenue Growth32nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,159,166Expenses 2015: $26,203Net Income 2015: $1,132,9632015Revenue 2016: $386,078Expenses 2016: $103,598Net Income 2016: $282,4802016Revenue 2017: $562,189Expenses 2017: $17,049Net Income 2017: $545,1402017Revenue 2018: $1,387,001Expenses 2018: $349,867Net Income 2018: $1,037,1342018Revenue 2019: $1,236,494Expenses 2019: $2,117,546Net Income 2019: -$881,0522019Revenue 2020: $1,027,823Expenses 2020: $196,027Net Income 2020: $831,7962020Revenue 2021: $459,124Expenses 2021: $1,070,391Net Income 2021: -$611,2672021Revenue 2022: $1,583,740Expenses 2022: $559,877Net Income 2022: $1,023,8632022Revenue 2023: $802,244Expenses 2023: $1,264,529Net Income 2023: -$462,2852023

Latest loaded filing

2023

Revenue$802,244
Expenses$1,264,529
Net Income-$462,285
Open 2023 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.10$2.88$0.80$1.26$0.46
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.08$3.31$1.58$0.56$1.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.31$2.35$0.46$1.07$0.61
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$0.44$2.96$1.03$0.20$0.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$2.06$2.13$1.24$2.12$0.88
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$0.23$3.00$1.39$0.35$1.04
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.12$0.16$1.96$0.56$0.02$0.55
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.05$1.42$0.39$0.10$0.28
2015Summary only. Only limited summary data is available for this year.$1.16$0.03$1.13$1.16$0.03$1.13
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$1,027,823
Mission and Program Overview

Mission

Catholic memorial school foundation supports catholic memorial school (west roxbury, ma) by providing financial support for the school's physical plant, programs, operations and tuition assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,421,402$1,985,310▼ $436,092
Pledges and Grants Receivable$1,743,824$1,364,251▼ $379,573
Total Assets$4,186,923$3,404,796▼ $782,127
Other Assets Total$21,697$55,235▲ $33,538
Liabilities
Grants Payable$1,832,000--
Other Liabilities$166,993$428,043▲ $261,050
Accounts Payable and Accrued Expenses$57,699$13,851▼ $43,848
Total Liabilities$2,056,692$441,894▼ $1,614,798
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,306,452$3,101,957▲ $795,505
Net Assets Without Donor Restrictions$-176,221$-139,055▲ $37,166
Total Net Assets Fund Balance$2,130,231$2,962,902▲ $832,671
Total Liabilities and Net Assets / Fund Balance$4,186,923$3,404,796▼ $782,127
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Michael J CostelloPresident/chair
James D BlueDirector
Robert P Maloney EsqDirector
Peter F FolanSecretary/director
Thomas BeattyTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$969,661
Program Service Revenue
$0
Investment Income
$7,162
Other Revenue
$51,000
All Other Contributions
$969,661
Change in Net Assets
$831,796

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 Traded4$55,424Fair Market Value (FMV)
Total Noncash Contributions4$55,424-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,027,823
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$875
Total Revenue per Audited Statements
$1,028,698
Total Revenue per Form 990
$1,027,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$106,813
Other Expenses$89,214
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$106,813--$106,813
Fees for Services Accounting-$15,402-$15,402
Fees for Services Legal-$6,420-$6,420
Other Expenses-$49-$49
Total Functional Expenses$106,813$89,214$0$196,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$196,027
Total Expenses per Audited Statements$196,027
Total Expenses per Form 990$196,027
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catholic Memorial SchoolWest Roxbury, MA501(c)(3)Capital Projects & General Operations$106,813
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
Due to Catholic Memorial School$428,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 8B

“The organization's by-laws stipulate that the directors may elect such other committees as they may from time to time determine. However, no committees existed during the filing period and all material governance matters were presided over by the full board of directors.”

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

“The form 990 without schedule b is distributed to each member of the board of directors for review before filing with the irs.”

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

“The organization's board of directors meets during the year. Business transactions are discussed, members are required to disclose any potential conflicts of interest. This in accordance with the organization's by-laws additionally, conflicts of interest are considered and mitigated during the due diligence process for business transactions all material business transactions must be approved by the board of directors. Any director having a possible conflict of interest on any matter before the board shall not vote nor use his or her personal influence on any vote. The minutes of the meeting shall reflect that a disclosure was made and that the member abstained from voting.”

Form 990, Part VI, Section B, Line 15

“The organization does not have paid employees, the chair of the board (also the president) is the top management official and works on a volunteer basis.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, form 990, and the financial statements available upon request for the same period of disclosure as set forth in section 6104(d). In addition, they are made available through the website for massachusetts attorney general's office.”

Filing and Contact Details

Filer

Filer Name
Catholic Memorial School Foundation
EIN
38-3957495
Phone
6174698007
Address
235 BAKER STREET, WEST ROXBURY, MA 02132

Signing Officer

Name
Michael J Costello
Title
President & Chair
Phone
6174698007
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Costello
Formed
2015
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Rsm US Llp
Address
80 CITY SQUARE, BOSTON, MA 02129
Preparer
Lynne Johnson
Phone
6179129000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors is charged with oversight of the independent audit, financial statements and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The foundation follows the fasb asc 740 guidance, income taxes, which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The foundation recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management believes that the foundation has no material uncertainties in income taxes. The foundation's federal and state income tax filings are subject to income tax examinations. The foundation accounts for interest and penalties related to uncertain tax positions, if any, as a part of tax expense.”

Raw XML Appendix377 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt057699
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013851
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CATHOLIC MEMORIAL SCHOOL FOUNDATION SUPPORTS CATHOLIC MEMORIAL SCHOOL (WEST ROXBURY, MA) BY PROVIDING FINANCIAL SUPPORT FOR THE SCHOOL'S PHYSICAL PLANT, PROGRAMS, OPERATIONS AND TUITION ASSISTANCE.
IRS990/AllOtherContributionsAmt0969661
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL J COSTELLO PRESIDENT AND CHAIR
IRS990/BooksInCareOfDetail/PhoneNum06174698007
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0235 BAKER STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WEST ROXBURY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002132
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0969661
IRS990/CYGrantsAndSimilarPaidAmt0106813
IRS990/CYInvestmentIncomeAmt07162
IRS990/CYOtherExpensesAmt089214
IRS990/CYOtherRevenueAmt051000
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0831796
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0196027
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0GRANTS TO SUPPORT CATHOLIC MEMORIAL SCHOOL'S PHYSICAL PLANT, PROGRAMS, STUDENTS, FACULTY, AND STAFF. THIS INCLUDES, BUT IS NOT LIMITED TO, PROVIDING SCHOLARSHIPS AND FINANCIAL AID FOR STUDENTS TO ATTEND CATHOLIC MEMORIAL SCHOOL, FUNDING CAPITAL EXPENDITURES FOR BUILDINGS, FIXTURES AND EQUIPMENT AND OTHER EDUCATIONAL MATERIALS, AND EDUCATIONAL AND SPORTS PROGRAMS AND ACTIVITIES AT THE CATHOLIC MEMORIAL SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
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IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03101957
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0106813
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015402
IRS990/FeesForServicesAccountingGrp/TotalAmt015402
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06420
IRS990/FeesForServicesLegalGrp/TotalAmt06420
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL J COSTELLO
IRS990/Form990PartVIISectionAGrp/PersonNm1THOMAS BEATTY
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER F FOLAN
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT P MALONEY ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES D BLUE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0106813
IRS990/GrantsPayableGrp/BOYAmt01832000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0106813
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0106813
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07162
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CATHOLIC MEMORIAL SCHOOL FOUNDATION SUPPORTS CATHOLIC MEMORIAL SCHOOL (WEST ROXBURY, MA) BY PROVIDING FINANCIAL SUPPORT FOR THE SCHOOL'S PHYSICAL PLANT, PROGRAMS, OPERATIONS AND TUITION ASSISTANCE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt02962902
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0875
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-176221
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-139055
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt055424
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt055235
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RESERVE FOR POTENTIAL B
IRS990/OtherExpensesGrp/Desc1BANK FEES
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueTotalAmt051000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYInvestmentIncomeAmt08645
IRS990/PYOtherExpensesAmt0135546
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-881052
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02117546
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01236494
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0831796
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02421402
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01985310
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVERSAL OF PRIOR YEAR ACCRUED EXPENSES
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0969661
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01227849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01382859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0562189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0386078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04528636
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07162
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04142
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019949
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt051000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt051000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69310
IRS990ScheduleA/PublicSupportTotal170Amt03187810
IRS990ScheduleA/SubstantialContributorsTotAmt01340826
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0969661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01227849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01382859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0562189
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0386078
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04528636
IRS990ScheduleA/TotalSupportAmt04599585
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0196027
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0428043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CATHOLIC MEMORIAL SCHOOL
IRS990ScheduleD/RevenueNotReportedAmt0875
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01027823
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS THE FASB ASC 740 GUIDANCE, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX FILINGS ARE SUBJECT TO INCOME TAX EXAMINATIONS. THE FOUNDATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS A PART OF TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0196027
IRS990ScheduleD/TotalLiabilityAmt0428043
IRS990ScheduleD/TotalRevenuePerForm990Amt01027823
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01028698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0196027
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0106813
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CAPITAL PROJECTS & GENERAL OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CATHOLIC MEMORIAL SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0042229971
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0235 BAKER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WEST ROXBURY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002132
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REQUIRES REGULAR FORMAL AND INFORMAL UPDATES FROM THE CATHOLIC MEMORIAL SCHOOL PRESIDENT ON THE STATUS OF GRANT MONIES AWARDED. THIS INCLUDES STATUS UPDATES ON CAPITAL PROJECTS, REPORTS ON STUDENT PROGRESS FOR FINANCIAL AID AND HOW GRANT MONEY IS BEING APPLIED TO THESE INITIATIVES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt04
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt055424
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF GIFTS RECEIVED.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BY-LAWS STIPULATE THAT THE DIRECTORS MAY ELECT SUCH OTHER COMMITTEES AS THEY MAY FROM TIME TO TIME DETERMINE. HOWEVER, NO COMMITTEES EXISTED DURING THE FILING PERIOD AND ALL MATERIAL GOVERNANCE MATTERS WERE PRESIDED OVER BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WITHOUT SCHEDULE B IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD OF DIRECTORS MEETS DURING THE YEAR. BUSINESS TRANSACTIONS ARE DISCUSSED, MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THIS IN ACCORDANCE WITH THE ORGANIZATION'S BY-LAWS ADDITIONALLY, CONFLICTS OF INTEREST ARE CONSIDERED AND MITIGATED DURING THE DUE DILIGENCE PROCESS FOR BUSINESS TRANSACTIONS ALL MATERIAL BUSINESS TRANSACTIONS MUST BE APPROVED BY THE BOARD OF DIRECTORS. ANY DIRECTOR HAVING A POSSIBLE CONFLICT OF INTEREST ON ANY MATTER BEFORE THE BOARD SHALL NOT VOTE NOR USE HIS OR HER PERSONAL INFLUENCE ON ANY VOTE. THE MINUTES OF THE MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE MEMBER ABSTAINED FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE PAID EMPLOYEES, THE CHAIR OF THE BOARD (ALSO THE PRESIDENT) IS THE TOP MANAGEMENT OFFICIAL AND WORKS ON A VOLUNTEER BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990, AND THE FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THEY ARE MADE AVAILABLE THROUGH THE WEBSITE FOR MASSACHUSETTS ATTORNEY GENERAL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS IS CHARGED WITH OVERSIGHT OF THE INDEPENDENT AUDIT, FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04186923
IRS990/TotalAssetsEOYAmt03404796
IRS990/TotalAssetsGrp/BOYAmt04186923
IRS990/TotalAssetsGrp/EOYAmt03404796
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0969661
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089214
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106813
IRS990/TotalFunctionalExpensesGrp/TotalAmt0196027
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02056692
IRS990/TotalLiabilitiesEOYAmt0441894
IRS990/TotalLiabilitiesGrp/BOYAmt02056692
IRS990/TotalLiabilitiesGrp/EOYAmt0441894
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02130231
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02962902
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0106813
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt058162
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01027823
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04186923
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03404796
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0235 BAKER STREET
IRS990/USAddress/CityNm0WEST ROXBURY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002132
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL J COSTELLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06174698007
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CATHOLIC MEMORIAL SCHOOL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CATH
ReturnHeader/Filer/EIN0383957495
ReturnHeader/Filer/PhoneNum06174698007
ReturnHeader/Filer/USAddress/AddressLine1Txt0235 BAKER STREET
ReturnHeader/Filer/USAddress/CityNm0WEST ROXBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002132
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 CITY SQUARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002129
ReturnHeader/PreparerPersonGrp/PhoneNum06179129000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNNE JOHNSON
ReturnHeader/ReturnTs02021-05-17T09:32:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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