Civic Intelligence

Schola Foundation

990 • Fiscal year 2021 • EIN 51-0144999

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

145 Good Counsel DriveMankato, MN 56001

(507) 388-0617

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

93rd percentile

73%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

485%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,492,981

Up $4,006,286 (+73%) from 2020

Net Assets

Up

$9,492,981

Up $4,006,286 (+73%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$3,943,065

Up $3,269,372 (+485%) from 2020

Expenses

Up

$668,209

Up $97,039 (+17%) from 2020

Net Income

Up

$3,274,856

Up $3,172,333 (+3094%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $2,908,157Liabilities 2010: $89,830Net Assets 2010: $2,818,3272010Assets 2011: $3,507,170Liabilities 2011: $166,646Net Assets 2011: $3,340,5242011Assets 2012: $3,364,914Liabilities 2012: $159,656Net Assets 2012: $3,205,2582012Assets 2013: $3,777,751Liabilities 2013: $163,864Net Assets 2013: $3,613,8872013Assets 2014: $4,471,879Liabilities 2014: $1,870Net Assets 2014: $4,470,0092014Assets 2015: $4,474,502Liabilities 2015: $163,864Net Assets 2015: $4,310,6382015Assets 2016: $4,737,360Liabilities 2016: $166,750Net Assets 2016: $4,570,6102016Assets 2017: $4,625,638Liabilities 2017: $0Net Assets 2017: $4,625,6382017Assets 2018: $4,247,629Liabilities 2018: $0Net Assets 2018: $4,247,6292018Assets 2019: $5,454,984Liabilities 2019: $0Net Assets 2019: $5,454,9842019Assets 2020: $5,486,695Liabilities 2020: $0Net Assets 2020: $5,486,6952020Assets 2021: $9,492,981Liabilities 2021: $0Net Assets 2021: $9,492,9812021Assets 2022: $12,527,773Liabilities 2022: $3,575,658Net Assets 2022: $8,952,1152022Assets 2023: $11,887,333Liabilities 2023: $3,807,023Net Assets 2023: $8,080,3102023Assets 2024: $11,493,302Liabilities 2024: $1,123,912Net Assets 2024: $10,369,3902024

Highlighted filing

2021

Assets$9,492,981
Liabilities$0
Net Assets$9,492,981

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $481,6282010Expenses 2011: $236,2462011Expenses 2012: $180,7282012Expenses 2013: $181,9642013Revenue 2014: $373,669Expenses 2014: $42,886Net Income 2014: $330,7832014Revenue 2015: $102,486Expenses 2015: $190,445Net Income 2015: -$87,9592015Revenue 2016: $457,227Expenses 2016: $240,655Net Income 2016: $216,5722016Revenue 2017: $343,966Expenses 2017: $85,124Net Income 2017: $258,8422017Revenue 2018: $355,905Expenses 2018: $801,265Net Income 2018: -$445,3602018Revenue 2019: $1,343,745Expenses 2019: $285,178Net Income 2019: $1,058,5672019Revenue 2020: $673,693Expenses 2020: $571,170Net Income 2020: $102,5232020Revenue 2021: $3,943,065Expenses 2021: $668,209Net Income 2021: $3,274,8562021Revenue 2022: $1,251,467Expenses 2022: $481,212Net Income 2022: $770,2552022Revenue 2023: $917,272Expenses 2023: $1,274,566Net Income 2023: -$357,2942023Revenue 2024: $1,616,202Expenses 2024: $433,749Net Income 2024: $1,182,4532024

Highlighted filing

2021

Revenue$3,943,065
Expenses$668,209
Net Income$3,274,856
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$4,583,967
Mission and Program Overview

Mission

To provide financial assistance for loyola catholic schools in mankato, minnesota

See page 2, part iii, line 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,371,154$4,829,213▲ $458,059
Land, Buildings, and Equipment, Net-$3,121,000-
Savings and Temporary Cash Investments$261,485$1,001,867▲ $740,382
Other Notes and Loans Receivable, Net$675,000$275,000▼ $400,000
Pledges and Grants Receivable-$122,160-
Cash and Non-Interest-Bearing Accounts$35,315--
Total Assets$5,486,695$9,492,981▲ $4,006,286
Other Assets Total$143,741$143,741→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,197,228$8,243,293▲ $4,046,065
Net Assets Without Donor Restrictions$1,289,467$1,249,688▼ $39,779
Total Net Assets Fund Balance$5,486,695$9,492,981▲ $4,006,286
Total Liabilities and Net Assets / Fund Balance$5,486,695$9,492,981▲ $4,006,286

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,121,000-$3,121,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,197,229$173,925▲ $1,087,959-$4,829,113
2019$4,037,196$242,969▲ $125,736$39,468$4,197,229
2018$3,450,403$1,146,078▲ $204,210$599,487$4,037,196
2017$3,278,187$150,012▲ $212,556-$3,450,403
2016$3,658,144$145,232▲ $200,008$648,744$3,278,187
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry KrmpotichPresident
Carol BradyBoard Member
Chris CassBoard Member
Doug HelgetBoard Member
Gregg AndersonBoard Member
Jo BailyBoard Member
Matthew SchaeferBoard Member
Nathan GruenzerBoard Member
Paul GasparBoard Member
Rick HaefnerBoard Member
Sister Mary Kay GoschBoard Member
Steve FinkBoard Member
Dewey MettlerAdvisory Mem
Ron VetterAdvisory Mem
Shirley PiephoSecretary
Jon MocolTreasurer
Amy OrcuttVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,572,836
Program Service Revenue
$0
Investment Income
$370,229
Other Revenue
$0
All Other Contributions
$3,572,836
Change in Net Assets
$3,274,856

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 Amount
Real Estate Other1$3,021,000
Total Noncash Contributions1$3,021,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,943,065
Revenue Not Reported on Form 990
$732,159
Total Revenue per Audited Statements
$4,675,224
Total Revenue per Form 990
$3,943,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$446,920
Other Expenses$221,289
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$446,920--$446,920
Fees for Services Other-$189,480-$189,480
Occupancy-$6,059-$6,059
Fees for Services Accounting-$4,560-$4,560
Insurance-$4,470-$4,470
Other Expenses-$583-$583
Advertising-$358-$358
Office Expenses-$79-$79
Total Functional Expenses$446,920$221,289$0$668,209

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$668,209
Total Expenses per Audited Statements$668,209
Total Expenses per Form 990$668,209
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Loyola Catholic SchoolsMankato, MN3Financial Assistance$446,920
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
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, Page 6, Part VI, Line 8B

There are no committees with authority to act on behalf of the governing board.

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

The board reviews and discuss the 990 at its first meeting after the return is filed with the service center.

Form 990, Page 6, Part VI, Line 19

No request was made in the current year.

Filing and Contact Details

Filer

Filer Name
Schola Foundation
EIN
51-0144999
Phone
5073880617
Address
145 GOOD COUNSEL DRIVE, MANKATO, MN 56001

Signing Officer

Name
Larry Krmpotich
Title
President
Phone
5073880617
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Krmpotich
Formed
1975
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
17

Preparer

Firm
Burkhardt & Burkhardt Ltd
Address
35 OAK AVE N BOX N, ANNANDALE, MN 55302-0139
Preparer
Jeffrey Burkhardt
Phone
3202741040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

CONSULTANT 0 189,480 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds and earnings are used to provide finanancial assistance to the mankato area catholic schools.

Schedule D, Page 4, Part XIII

Schola foundation (sf) is organized as a minnesota nonprofit corporation and is recognized by the internal revenue service (irs) as exempt from income taxes under section 501(c)(3) of the internal revenue code. In addition, sf has been determined by the internal revenue service not to be a private foundation within the meaning of section 509(a) of the internal revenue code and qualifies for the charitable contribution deduction under section 170(b)(i)(a)(vi). Sf is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, sf is subject to income tax on net income that is derived from business activities unrelated to its exempt purposes. Management has determined that sf is not subjected to unrelated business income tax and has not filed an exempt organization business income return (form 990-t) with the irs. The organization's policy is to recognize interest expense and penalties related to income tax matters within its provision for income taxes. Management of the organization believes there is appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements.

Raw XML AppendixShowing 400 of 532 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/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE PAGE 2, PART III, LINE 1.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0358
IRS990/AdvertisingGrp/TotalAmt0358
IRS990/AllOtherContributionsAmt03572836
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0SHARESE NELSON
IRS990/BooksInCareOfDetail/PhoneNum05073882997
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0145 GOOD COUNSEL DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MANKATO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056001
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt035315
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03572836
IRS990/CYGrantsAndSimilarPaidAmt0446920
IRS990/CYInvestmentIncomeAmt0370229
IRS990/CYOtherExpensesAmt0221289
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt03274856
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0668209
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03943065
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0MANKATO AREA CATHOLIC SCHOOLS - EDUCATIONAL SUPPORT IN THE FORM OF FINANCIAL ASSISTANCE CURRENTLY TO LOYOLA CATHOLIC SCHOOL PRE K THROUGH 12TH GRADE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt04197228
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt08243293
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0446920
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04560
IRS990/FeesForServicesAccountingGrp/TotalAmt04560
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0189480
IRS990/FeesForServicesOtherGrp/TotalAmt0189480
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0LARRY KRMPOTICH
IRS990/Form990PartVIISectionAGrp/PersonNm1AMY ORCUTT
IRS990/Form990PartVIISectionAGrp/PersonNm2SHIRLEY PIEPHO
IRS990/Form990PartVIISectionAGrp/PersonNm3JON MOCOL
IRS990/Form990PartVIISectionAGrp/PersonNm4GREGG ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm5SISTER MARY KAY GOSCH
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE FINK
IRS990/Form990PartVIISectionAGrp/PersonNm7NATHAN GRUENZER
IRS990/Form990PartVIISectionAGrp/PersonNm8RICK HAEFNER
IRS990/Form990PartVIISectionAGrp/PersonNm9JO BAILY
IRS990/Form990PartVIISectionAGrp/PersonNm10PAUL GASPAR
IRS990/Form990PartVIISectionAGrp/PersonNm11DOUG HELGET
IRS990/Form990PartVIISectionAGrp/PersonNm12CHRIS CASS
IRS990/Form990PartVIISectionAGrp/PersonNm13MATTHEW SCHAEFER
IRS990/Form990PartVIISectionAGrp/PersonNm14CAROL BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm15RON VETTER
IRS990/Form990PartVIISectionAGrp/PersonNm16DEWEY METTLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15ADVISORY MEM
IRS990/Form990PartVIISectionAGrp/TitleTxt16ADVISORY MEM
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0194536
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt0446920
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0446920
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0446920
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0835438
IRS990/GrossReceiptsAmt04583967
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04470
IRS990/InsuranceGrp/TotalAmt04470
IRS990/InvestmentIncomeGrp/ExclusionAmt0175693
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0175693
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04371154
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04829213
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03121000
IRS990/LandBldgEquipCostOrOtherBssAmt03121000
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0640902
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TO MANKATO AREA CATHOLIC SCHOOLS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt05486695
IRS990/NetAssetsOrFundBalancesEOYAmt09492981
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0194536
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0194536
IRS990/NetUnrlzdGainsLossesInvstAmt0732159
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01289467
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01249688
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03021000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06059
IRS990/OccupancyGrp/TotalAmt06059
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt079
IRS990/OfficeExpensesGrp/TotalAmt079
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0143741
IRS990/OtherAssetsTotalGrp/EOYAmt0143741
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1583
IRS990/OtherExpensesGrp/TotalAmt015700
IRS990/OtherExpensesGrp/TotalAmt1583
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0675000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0275000
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0122160
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LARRY KRMPOTICH
IRS990/PriorPeriodAdjustmentsAmt0-729
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0242969
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0271300
IRS990/PYInvestmentIncomeAmt0435792
IRS990/PYOtherExpensesAmt0299870
IRS990/PYOtherRevenueAmt0-5068
IRS990/PYRevenuesLessExpensesAmt0102523
IRS990/PYTotalExpensesAmt0571170
IRS990/PYTotalRevenueAmt0673693
IRS990/ReconcilationRevenueExpnssAmt03274856
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0261485
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01001867
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S FINANCIAL SUPPORT ENABLED THE GRANTEE TO PROVIDE SCHOLARSHIPS WHICH FURTHERED THEIR EXEMPT PURPOSE OF EDUCATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0410914356
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0446920
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MANKATO AREA CATHOLIC SCHOOLS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0446920
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04197229
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0173925
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04829113
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0630000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01087959
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017104
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04037196
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0242969
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04197229
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0152100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0125736
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt039468
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt027708
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03450403
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01146078
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04037196
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0136300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0204210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0599487
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt052082
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03278187
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0150012
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03450403
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0138270
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0212556
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt056453
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03658144
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0145232
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03278187
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt020000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0200008
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0648744
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0668209
IRS990ScheduleD/LandGrp/BookValueAmt03121000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03121000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0732159
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0732159
IRS990ScheduleD/RevenueSubtotalAmt03943065
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS AND EARNINGS ARE USED TO PROVIDE FINANANCIAL ASSISTANCE TO THE MANKATO AREA CATHOLIC SCHOOLS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLA FOUNDATION (SF) IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, SF HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(I)(A)(VI). SF IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, SF IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT SF IS NOT SUBJECTED TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST EXPENSE AND PENALTIES RELATED TO INCOME TAX MATTERS WITHIN ITS PROVISION FOR INCOME TAXES. MANAGEMENT OF THE ORGANIZATION BELIEVES THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03121000
IRS990ScheduleD/TotalExpensesPerForm990Amt0668209
IRS990ScheduleD/TotalRevenuePerForm990Amt03943065
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04675224
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0668209
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0446920
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LOYOLA CATHOLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0410914356
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0145 GOOD COUNSEL DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANKATO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056001
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES CONFIRMATION FROM GRANTEES THAT THE GRANTS WERE USED FOR THE DEFINED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt03021000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.5$1.12$10.4$1.62$0.43$1.18
2023Detailed filing. Detailed filing data is available for this year.$11.9$3.81$8.08$0.92$1.27$0.36
2022Detailed filing. Detailed filing data is available for this year.$12.5$3.58$8.95$1.25$0.48$0.77
2021Detailed filing. Detailed filing data is available for this year.$9.49$0.00$9.49$3.94$0.67$3.27
2020Detailed filing. Detailed filing data is available for this year.$5.49$0.00$5.49$0.67$0.57$0.10
2019Detailed filing. Detailed filing data is available for this year.$5.45$0.00$5.45$1.34$0.29$1.06
2018Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$0.36$0.80$0.45
2017Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$0.34$0.09$0.26
2016Detailed filing. Detailed filing data is available for this year.$4.74$0.17$4.57$0.46$0.24$0.22
2015Detailed filing. Detailed filing data is available for this year.$4.47$0.16$4.31$0.10$0.19$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.47$0.00$4.47$0.37$0.04$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.78$0.16$3.61$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.16$3.21$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.17$3.34$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.09$2.82$0.48