Civic Intelligence

Schola Foundation

990 • Fiscal year 2022 • EIN 51-0144999

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 27, 2023

Organization ProfileWWW.SCHOLAFOUNDATION.ORG
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

62nd percentile

0.29x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

2.86x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

92nd percentile

62%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

86th percentile

32%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-68%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$12,527,773

Up $3,034,792 (+32%) from 2021

Net Assets

Down

$8,952,115

Down $540,866 (-5.7%) from 2021

Liabilities

Up

$3,575,658

Up $3,575,658 from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin92nd percentile

Revenue

Down

$1,251,467

Down $2,691,598 (-68%) from 2021

Expenses

Down

$481,212

Down $186,997 (-28%) from 2021

Net Income

Down

$770,255

Down $2,504,601 (-76%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

2022

Assets$12,527,773
Liabilities$3,575,658
Net Assets$8,952,115
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

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

2022

Revenue$1,251,467
Expenses$481,212
Net Income$770,255
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 27, 2023
Return Version
2021v4.0
Gross Receipts
$1,251,467
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
Savings and Temporary Cash Investments$1,101,867$4,803,507▲ $3,701,640
Investments in Publicly Traded Securities$4,829,213$4,284,525▼ $544,688
Land, Buildings, and Equipment, Net$3,021,000$3,021,000→ $0
Other Notes and Loans Receivable, Net$275,000$275,000→ $0
Pledges and Grants Receivable$122,160--
Total Assets$9,492,981$12,527,773▲ $3,034,792
Other Assets Total$143,741$143,741→ $0
Liabilities
Accounts Payable and Accrued Expenses-$1,825,658-
Mortgage Notes Payable Secured by Investment Property-$1,750,000-
Total Liabilities$0$3,575,658▲ $3,575,658
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,243,293$8,185,047▼ $58,246
Net Assets Without Donor Restrictions$1,249,688$767,068▼ $482,620
Total Net Assets Fund Balance$9,492,981$8,952,115▼ $540,866
Total Liabilities and Net Assets / Fund Balance$9,492,981$12,527,773▲ $3,034,792

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,021,000-$3,021,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,829,113$847,561▼ $520,941-$4,525,733
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
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Larry KrmpotichPresident
Brian ZinsBoard Member
Carol BradyBoard Member
Chris CassBoard 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
Ron VetterAdvisory Mem
Shirley PiephoSecretary
Jon MocolTreasurer
Dough HelgetVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$753,585
Program Service Revenue
$38,893
Investment Income
$458,058
Other Revenue
$931
All Other Contributions
$753,585
Change in Net Assets
$770,255

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,251,467
Revenue Not Reported on Form 990
$-968,961
Total Revenue per Audited Statements
$282,506
Total Revenue per Form 990
$1,251,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$389,099
Other Expenses$92,113
Total Fundraising Expense$5,215
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$389,099--$389,099
Interest$26,542--$26,542
Occupancy$14,414$3,603-$18,017
Fees for Services Other-$14,000-$14,000
Fees for Services Accounting-$9,446-$9,446
Advertising--$2,500$2,500
Other Expenses$27$4,527$267$294
Fees for Service Investment Mgmnt Fees-$254-$254
Office Expenses$191$48-$239
Total Functional Expenses$444,119$31,878$5,215$481,212

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$481,212
Total Expenses per Audited Statements$481,212
Total Expenses per Form 990$481,212
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Loyola Catholic SchoolsMankato, MN3Financial Assistance$389,099
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 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
2023-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Krmpotich
Formed
1975
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

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

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.”

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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OccupancyGrp/ManagementAndGeneralAmt03603
IRS990/OccupancyGrp/ProgramServicesAmt014414
IRS990/OccupancyGrp/TotalAmt018017
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048
IRS990/OfficeExpensesGrp/ProgramServicesAmt0191
IRS990/OfficeExpensesGrp/TotalAmt0239
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0143741
IRS990/OtherAssetsTotalGrp/EOYAmt0143741
IRS990/OtherExpensesGrp/Desc0LOAN CLOSING FEES
IRS990/OtherExpensesGrp/Desc1LIFE INSURANCE PREMIUMS
IRS990/OtherExpensesGrp/Desc2HALL OF FAME
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt02448
IRS990/OtherExpensesGrp/FundraisingAmt1267
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04527
IRS990/OtherExpensesGrp/ProgramServicesAmt013846
IRS990/OtherExpensesGrp/ProgramServicesAmt127
IRS990/OtherExpensesGrp/TotalAmt013846
IRS990/OtherExpensesGrp/TotalAmt14527
IRS990/OtherExpensesGrp/TotalAmt22448
IRS990/OtherExpensesGrp/TotalAmt3294
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0931
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0931
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0275000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0275000
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0122160
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LARRY KRMPOTICH
IRS990/PriorPeriodAdjustmentsAmt0-342160
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL BUILDING AND LAND
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt038893
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038893
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03572836
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0446920
IRS990/PYInvestmentIncomeAmt0370229
IRS990/PYOtherExpensesAmt0221289
IRS990/PYRevenuesLessExpensesAmt03274856
IRS990/PYTotalExpensesAmt0668209
IRS990/PYTotalRevenueAmt03943065
IRS990/ReconcilationRevenueExpnssAmt0770255
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt01101867
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04803507
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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/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0389099
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MANKATO AREA CATHOLIC SCHOOLS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0389099
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/BeginningYearBalanceAmt04829113
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0847561
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04525733
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0630000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-520941
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04197229
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0173925
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04829113
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0630000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01087959
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt017104
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04037196
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0242969
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04197229
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0152100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0125736
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt039468
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt027708
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03450403
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01146078
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04037196
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0136300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0204210
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0599487
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt052082
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03278187
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0150012
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03450403
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0138270
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0212556
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0481212
IRS990ScheduleD/LandGrp/BookValueAmt03021000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03021000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-968961
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-968961
IRS990ScheduleD/RevenueSubtotalAmt01251467
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/TotalBookValueLandBuildingsAmt03021000
IRS990ScheduleD/TotalExpensesPerForm990Amt0481212
IRS990ScheduleD/TotalRevenuePerForm990Amt01251467
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0282506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0481212
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0389099
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,527,773
Liabilities
$3,575,658
Net assets
$8,952,115
Revenue
$1,251,467
Expenses
$481,212
Net income
$770,255
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