Civic Intelligence

Dawn Charitable Developers Inc

990 • Fiscal year 2023 • EIN 47-3786139

Jan 01, 2023 to Dec 31, 2023 • Filed on May 20, 2024

C/O R Castro 12335 Shadowhollow DrHouston, TX 77082

(281) 759-6774

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

42%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$10,180,217

Down $1,195,358 (-11%) from 2022

Net Assets

Down

$10,092,085

Down $1,273,197 (-11%) from 2022

Liabilities

Up

$88,132

Up $77,839 (+756%) from 2022

Revenue

Up

$9,010,049

Up $2,650,231 (+42%) from 2022

Expenses

Up

$10,893,585

Up $7,936,419 (+268%) from 2022

Net Income

Down

-$1,883,536

Down $5,286,188 (-155%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $5,000Net Assets 2016: -$5,0002016Assets 2017: $354,101Liabilities 2017: $5,525Net Assets 2017: $348,5762017Assets 2018: $332,952Liabilities 2018: $5,276Net Assets 2018: $327,6762018Assets 2019: $382,349Liabilities 2019: $5,168Net Assets 2019: $377,1812019Assets 2020: $4,808,855Liabilities 2020: $6,255Net Assets 2020: $4,802,6002020Assets 2021: $8,722,078Liabilities 2021: $9,850Net Assets 2021: $8,712,2282021Assets 2022: $11,375,575Liabilities 2022: $10,293Net Assets 2022: $11,365,2822022Assets 2023: $10,180,217Liabilities 2023: $88,132Net Assets 2023: $10,092,0852023Assets 2024: $13,904,402Liabilities 2024: $1,500,293Net Assets 2024: $12,404,1092024

Highlighted filing

2023

Assets$10,180,217
Liabilities$88,132
Net Assets$10,092,085

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $14,346Expenses 2016: $15,633Net Income 2016: -$1,2872016Revenue 2017: $353,773Expenses 2017: $11,357Net Income 2017: $342,4162017Revenue 2018: $28,852Expenses 2018: $15,751Net Income 2018: $13,1012018Revenue 2019: $31,835Expenses 2019: $16,256Net Income 2019: $15,5792019Revenue 2020: $4,775,916Expenses 2020: $570,877Net Income 2020: $4,205,0392020Revenue 2021: $5,730,048Expenses 2021: $1,788,970Net Income 2021: $3,941,0782021Revenue 2022: $6,359,818Expenses 2022: $2,957,166Net Income 2022: $3,402,6522022Revenue 2023: $9,010,049Expenses 2023: $10,893,585Net Income 2023: -$1,883,5362023Revenue 2024: $6,015,129Expenses 2024: $3,851,728Net Income 2024: $2,163,4012024

Highlighted filing

2023

Revenue$9,010,049
Expenses$10,893,585
Net Income-$1,883,536
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 20, 2024
Return Version
2023v5.0
Gross Receipts
$10,576,455
Mission and Program Overview

Mission

To develop, improve and support nonprofit, parochial schools located in the united states, mexico, brazil and italy. The organization will transfer funds directly to the legion schools which are constructing new facilities or establishing new programs in furtherance of their educational purposes.

To develop, improve and support nonprofit parochial schools located in unites states, mexico, brazil and italy. The organization will transfer funds directly to schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$11,365,282$10,092,085▼ $1,273,197
Investments in Publicly Traded Securities$6,564,627$7,800,626▲ $1,235,999
Cash and Non-Interest-Bearing Accounts$4,802,660$2,364,200▼ $2,438,460
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$11,375,575$10,180,217▼ $1,195,358
Other Assets Total$8,288$15,391▲ $7,103
Liabilities
Other Liabilities$0$80,000▲ $80,000
Accounts Payable and Accrued Expenses$10,293$8,132▼ $2,161
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$10,293$88,132▲ $77,839
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,365,282$10,092,085▼ $1,273,197
Total Liabilities and Net Assets / Fund Balance$11,375,575$10,180,217▼ $1,195,358
Compensation and Service Providers

Board Members and Trustees

NameTitle
John ConnorPresident & Director
Hernan JimenezVice-president & Director
Rafael DucciDirector
Luis Alberto HenaoSecretary & Director
Jose Gerardo CardenasTreasurer & Director
Frank FormoloAssistant Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$8,748,133
Program Service Revenue
$0
Investment Income
$261,916
Other Revenue
$0
All Other Contributions
$494,044
Change in Net Assets
$-1,883,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,715,419
Other Expenses$178,166
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$5,606,419--$5,606,419
Grants to Domestic Orgs$5,109,000--$5,109,000
Fees for Services Accounting-$120,076-$120,076
Fees for Services Other-$33,400-$33,400
Office Expenses-$16,870-$16,870
Other Expenses-$4,274-$4,274
Insurance-$3,546-$3,546
Total Functional Expenses$10,715,419$178,166$0$10,893,585
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Investment and Research in Education IncCumming, GA501(c)(3)Educational$4,001,000
The Legion of Christ IncRosewell, GA501(c)(3)Educational$600,000
Legion of Christ College of Humanities IncCheshire, CT501(c)(3)Education$500,000
Lcna Atlanta IncCumming, GA501(c)(3)Educational$8,000

International Summary

Offices
0
Employees
0
Spending
$5,606,419

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)GrantmakingEducational00$5,536,419
South AmericaGrantmakingEducational00$70,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Arke$80,000
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 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

PART VI, SECTION A, LINE 6 AND 7A:

Governance, management disclosure. The organization has members who may elect one or more members of the governing body. Any decisions of the governing body are subject to approval by members.

PART VI, SECTION B, LINE 11B:

The organization's form 990 undergoes a number of internal and external reviews before it is filed with the irs. The return is prepared by the organization's public accounting firm, bdo usa. A final draft of the form 990 is provided to each member of the organization's board of directors and to outside counsel for review and comment, before it is filed with the irs.

PART VI, SECTION B, LINE 12C:

To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.

PART VI, SECTION B, LINE 15A AND 15B:

The organization has no employees and is served by a volunteer board of directors and officers.

Part VI, Section A, Line 19

The organization's governing documents, policies and financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
LC Fund for Priestly Formation
EIN
47-3786139
In Care Of
% ALVARO DI GIAMMATTEO
Phone
2817596774
Address
C/O R CASTRO 12335 SHADOWHOLLOW DR, Houston, TX 77082

Signing Officer

Name
P Jose Gerardo Cardenas
Title
Treasurer
Phone
2817596774
Signed
2024-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
P Jose Gerardo Cardenas
Formed
2014
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bdo USA
Address
2929 Allen Parkway 20th Floor, Houston, TX 77019-7100
Preparer
Irma Hernandez
Phone
7139601706
Supplemental Narrative

Additional Explanations

Part XI

Wash sales in the amount of $1,487

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IRS990/OtherAssetsTotalGrp/BOYAmt08288
IRS990/OtherAssetsTotalGrp/EOYAmt015391
IRS990/OtherChangesInNetAssetsAmt0-1487
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0OTHER TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04274
IRS990/OtherExpensesGrp/TotalAmt04274
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt080000
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0P JOSE GERARDO CARDENAS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06720944
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IRS990/PYGrantsAndSimilarPaidAmt02774989
IRS990/PYInvestmentIncomeAmt0-361126
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IRS990/PYOtherExpensesAmt0182177
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1883536
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IRS990/RelatedEntityInd0true
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IRS990/RelatedOrganizationsAmt08254089
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010092085
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08748133
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05257505
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010390
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt025412634
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0259130
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0100254
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt021445
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IRS990ScheduleA/PublicSupportCY170Pct00.95243
IRS990ScheduleA/PublicSupportPY170Pct00.95063
IRS990ScheduleA/PublicSupportTotal170Amt025412634
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04675662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010390
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt025412634
IRS990ScheduleA/TotalSupportAmt026681974
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM ARKE
IRS990ScheduleD/TotalLiabilityAmt080000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt170000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Educational
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1EDUCATIONAL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grantmaking
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt04597306
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1739113
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2200000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt340000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt430000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0EDUCATIONAL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1EDUCATIONAL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2EDUCATIONAL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3EDUCATIONAL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4EDUCATIONAL
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Europe (Including Iceland and Greenland)
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4South America
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IRS990ScheduleF/SubtotalOfficesCnt00
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The organization only provides funds to related organizations in furtherance of its own charitable mission.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaking monitoring
IRS990ScheduleF/Total501c3OrgCnt05
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IRS990ScheduleI/RecipientTable/CashGrantAmt04001000
IRS990ScheduleI/RecipientTable/CashGrantAmt1600000
IRS990ScheduleI/RecipientTable/CashGrantAmt2500000
IRS990ScheduleI/RecipientTable/CashGrantAmt38000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3EDUCATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INVESTMENT AND RESEARCH IN EDUCATION INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE LEGION OF CHRIST INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LEGION OF CHRIST COLLEGE OF HUMANITIES INC

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