Civic Intelligence

Notre Dame Academy Foundation

990 • Fiscal year 2020 • EIN 82-3446307

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 02, 2021

3535 West Sylvania AvenueToledo, OH 43623

(419) 475-9359

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

57th percentile

$136,202

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 25.1% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

93rd percentile

84%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-7.9%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$8,541,477

Up $3,893,484 (+84%) from 2019

Net Assets

Up

$8,541,477

Up $3,893,484 (+84%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$543,393

Down $46,614 (-7.9%) from 2019

Expenses

Up

$316,375

Up $160,997 (+104%) from 2019

Net Income

Down

$227,018

Down $207,611 (-48%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $4,269,512Liabilities 2018: $0Net Assets 2018: $4,269,5122018Assets 2019: $4,647,993Liabilities 2019: $0Net Assets 2019: $4,647,9932019Assets 2020: $8,541,477Liabilities 2020: $0Net Assets 2020: $8,541,4772020Assets 2021: $10,760,212Liabilities 2021: $0Net Assets 2021: $10,760,2122021Assets 2022: $8,998,375Liabilities 2022: $0Net Assets 2022: $8,998,3752022Assets 2023: $9,735,907Liabilities 2023: $0Net Assets 2023: $9,735,9072023

Highlighted filing

2020

Assets$8,541,477
Liabilities$0
Net Assets$8,541,477

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $280,830Expenses 2018: $508,854Net Income 2018: -$228,0242018Revenue 2019: $590,007Expenses 2019: $155,378Net Income 2019: $434,6292019Revenue 2020: $543,393Expenses 2020: $316,375Net Income 2020: $227,0182020Revenue 2021: $1,325,531Expenses 2021: $517,025Net Income 2021: $808,5062021Revenue 2022: $649,830Expenses 2022: $420,748Net Income 2022: $229,0822022Revenue 2023: $678,722Expenses 2023: $428,147Net Income 2023: $250,5752023

Highlighted filing

2020

Revenue$543,393
Expenses$316,375
Net Income$227,018
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 2, 2021
Return Version
2019v5.2
Gross Receipts
$3,251,916
Mission and Program Overview

Mission

The foundation was established to hold, invest and administer contributions, gifts and grants from the general public for the benefit of notre dame academy.

SEE BELOW

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,884,547$3,571,826▲ $687,279
Investments in Publicly Traded Securities$1,572,559$1,142,678▼ $429,881
Cash and Non-Interest-Bearing Accounts$190,887$154,982▼ $35,905
Pledges and Grants Receivable-$136,268-
Total Assets$4,647,993$8,541,477▲ $3,893,484
Other Assets Total$0$3,535,723▲ $3,535,723
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,459,215$8,430,533▲ $3,971,318
Net Assets Without Donor Restrictions$188,778$110,944▼ $77,834
Total Net Assets Fund Balance$4,647,993$8,541,477▲ $3,893,484
Total Liabilities and Net Assets / Fund Balance$4,647,993$8,541,477▲ $3,893,484

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,535,723--
Other Securities$929,512--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,647,993$383,655▲ $126,414$132,000$5,005,754
2018$4,269,512$186,535▲ $210,379-$4,647,993
2017-$4,072,869▲ $211,362-$4,269,512
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kim GrilliotPresident$136,202$136,202

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$403,836
Program Service Revenue
$0
Investment Income
$139,557
Other Revenue
$0
All Other Contributions
$234,256
Change in Net Assets
$227,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$296,067
Other Expenses$20,308
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$296,067--$296,067
Fees for Service Investment Mgmnt Fees$20,308--$20,308
Total Functional Expenses$316,375$0$0$316,375
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Notre Dame AcademyToledo, OH501(c)(3)To Support the Operations of Notre Dame Academy$296,067
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
Yes
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 B, Line 11B

A copy of form 990 was provided to the organization's board chair for review prior to submission to the irs.

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

All board members are required to sign a conflict of interest statement upon joining the board and updated annually. If a conflict were to arise, the board of directors would investigate and rule on the conflict by a majority vote.

Form 990, Part VI, Section C, Line 18

The organization makes its form 990 available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Notre Dame Academy Foundation
EIN
82-3446307
Phone
4194759359
Address
3535 WEST SYLVANIA AVENUE, TOLEDO, OH 43623

Signing Officer

Name
Kim Grilliot
Title
President
Phone
4197251272
Signed
2021-02-02
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Oh
Voting Board Members
18
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Gilmore Jasion Mahler Ltd
Address
1785 INDIAN WOOD CIRCLE, MAUMEE, OH 43537
Preparer
Steve Miller
Phone
4197942000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer from school to foundation 3,669,522. Market value increase in beneficial interest in perpetual trust 10,087.

Financial Statement Notes

PART V, LINE 4:

Endowment fund is used for scholarships or campus ministries.

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination. Management has analyzed the tax positions taken by the foundation and has concluded that there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-13143
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0188778
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0110944
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt03535723
IRS990/OtherChangesInNetAssetsAmt03679609
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0136268
IRS990/PoliticalCampaignActyInd00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0186535
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0136500
IRS990/PYInvestmentIncomeAmt0403472
IRS990/PYOtherExpensesAmt018878
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0434629
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0155378
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0590007
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0227018
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0169580
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0139557
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt02017 IS THE FIRST YEAR AS A 501(C)(3) ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0403836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0186535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0115511
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0705882
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0161141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt065786
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0140563
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0367490
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0548038
IRS990ScheduleA/SubstantialContributorsTotAmt0157844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0403836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0186535
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0115511
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0705882
IRS990ScheduleA/TotalSupportAmt01073372
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/BoardDesignatedBalanceEOYPct00.02300
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt020308
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04647993
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0383655
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05005754
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0126414
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0132000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt018433
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt04269512
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0186535
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04647993
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0210379
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt014719
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt04072869
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt04269512
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0211362
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03535723
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0814490
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1466437
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2464798
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3433850
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4462739
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5929512
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PORTFOLIO 21 GLOBAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc1AVE MARIA GROWTH FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PARNASSUS CORE EQUITY FND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3DFA EMERG MKTS SOCIAL CORE
IRS990ScheduleD/OtherSecuritiesGrp/Desc4GLOBAL X S&P CATHOLIC ETF
IRS990ScheduleD/OtherSecuritiesGrp/Desc5ISHARES ESG US AGG BOND ETF
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.68800
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUND IS USED FOR SCHOLARSHIPS OR CAMPUS MINISTRIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.28900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03535723
IRS990ScheduleD/TotalBookValueSecuritiesAmt03571826
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0296067
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE OPERATIONS OF NOTRE DAME ACADEMY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NOTRE DAME ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0344428228
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03535 W SYLVANIA AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TOLEDO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd043623
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD CHAIR FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT UPON JOINING THE BOARD AND UPDATED ANNUALLY. IF A CONFLICT WERE TO ARISE, THE BOARD OF DIRECTORS WOULD INVESTIGATE AND RULE ON THE CONFLICT BY A MAJORITY VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.

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