Civic Intelligence

Notre Dame Academy Foundation

990 • Fiscal year 2025 • EIN 82-3446307

Jul 01, 2024 to Jun 30, 2025 • Filed on Mar 30, 2026

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

5th percentile

0.00x

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

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

5th percentile

0.00x

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

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

4th percentile

-44%

Higher net margin than 4% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$167,082

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

39th percentile

1.9%

Faster asset growth than 39% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

76th percentile

21%

Faster revenue growth than 76% of similar nonprofits.

2025 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$10,908,222

Up $1,172,315 (+12%) from 2023

Net Assets

Up

$10,908,222

Up $1,172,315 (+12%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$752,708

Up $73,986 (+11%) from 2023

Expenses

Up

$1,086,198

Up $658,051 (+154%) from 2023

Net Income

Down

-$333,490

Down $584,065 (-233%) from 2023

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: $9,735,9072023Assets 2025: $10,908,222Liabilities 2025: $0Net Assets 2025: $10,908,2222025

Highlighted filing

2025

Assets$10,908,222
Liabilities$0
Net Assets$10,908,222

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: $250,5752023Revenue 2025: $752,708Expenses 2025: $1,086,198Net Income 2025: -$333,4902025

Highlighted filing

2025

Revenue$752,708
Expenses$1,086,198
Net Income-$333,490
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 30, 2026
Return Version
2024v5.5
Gross Receipts
$2,638,470
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,599,075$5,179,837▼ $419,238
Investments in Publicly Traded Securities$855,710$907,316▲ $51,606
Cash and Non-Interest-Bearing Accounts$420,132$826,359▲ $406,227
Pledges and Grants Receivable$125,667$89,812▼ $35,855
Total Assets$10,703,427$10,908,222▲ $204,795
Other Assets Total$3,702,843$3,904,898▲ $202,055
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,633,402$10,349,909▲ $716,507
Net Assets Without Donor Restrictions$1,070,025$558,313▼ $511,712
Total Net Assets Fund Balance$10,703,427$10,908,222▲ $204,795
Total Liabilities and Net Assets / Fund Balance$10,703,427$10,908,222▲ $204,795

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,904,898--
Other Securities$1,220,029--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$6,932,750$189,078▲ $694,178$871,578$6,915,807
2023$6,294,286$128,987▲ $757,070$220,800$6,932,750
2022$5,704,755$262,256▲ $580,421$228,400$6,294,286
2021$6,623,426$244,523▼ $903,446$232,190$5,704,755
2020$5,005,754$347,423▲ $1,483,729$189,320$6,623,426
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$468,918
Program Service Revenue
$0
Investment Income
$283,790
Other Revenue
$0
All Other Contributions
$282,918
Change in Net Assets
$-333,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,057,578
Other Expenses$28,620
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,057,578--$1,057,578
Fees for Service Investment Mgmnt Fees$28,620--$28,620
Total Functional Expenses$1,086,198$0$0$1,086,198
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Notre Dame AcademyToledo, OH501(c)(3)To Support the Operations of Notre Dame Academ$1,057,578
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 A, Line 1A

The committees with authority to act on behalf of the board consist of the executive and all standing committees. Each committee is required to provide their contemporaneous minutes to the board of directors as part of the board's consent agenda.

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
2026-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Grilliot
Formed
2016
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
1785 INDIAN WOOD CIRCLE, MAUMEE, OH 43537
Preparer
Caitlin Bainter
Phone
4197942000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Market value increase in beneficial interest in perpetual trust 202,055.

FORM 990, PART XII, LINE 2C:

No changes from prior year.

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/PledgesAndGrantsReceivableGrp/BOYAmt0125667
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt089812
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KIM GRILLIOT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0386020
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0400800
IRS990/PYInvestmentIncomeAmt0233723
IRS990/PYOtherExpensesAmt026793
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0192150
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0427593
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0619743
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-333490
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0186000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0283790
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0468918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0386020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0432256
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0455523
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0650966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02393683
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0299153
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0233720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0246759
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0196128
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0142317
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01118077
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51000
IRS990ScheduleA/PublicSupportPY170Pct00.47500
IRS990ScheduleA/PublicSupportTotal170Amt01791103
IRS990ScheduleA/SubstantialContributorsTotAmt0602580
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0468918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0386020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0432256
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0455523
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0650966
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02393683
IRS990ScheduleA/TotalSupportAmt03511760
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/BoardDesignatedBalanceEOYPct00.07000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt028621
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06932750
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0189078
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06915807
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0694178
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0871578
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt026793
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06294286
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0128987
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06932750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0757070
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0220800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt024746
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05704755
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0262256
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06294286
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0580421
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0228400
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt027558
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06623426
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0244523
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05704755
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-903446
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0232190
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt024160
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05005754
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0347423
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06623426
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01483729
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0189320
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03904898
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01126626
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1733187
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt21139069
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3960926
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt41220029
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PARNASSUS CORE EQUITY FND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1DFA EMERG MKTS SOCIAL CORE
IRS990ScheduleD/OtherSecuritiesGrp/Desc2GLOBAL X S&P CATHOLIC ETF
IRS990ScheduleD/OtherSecuritiesGrp/Desc3ISHARES ESG US AGG BOND ETF
IRS990ScheduleD/OtherSecuritiesGrp/Desc4TRILLIUM ESG GLOBAL EQUITY-RETAIL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.65000
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/TermEndowmentBalanceEOYPct00.28000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03904898
IRS990ScheduleD/TotalBookValueSecuritiesAmt05179837
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01057578
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE OPERATIONS OF NOTRE DAME ACADEM
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/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ONLY CONTRIBUTES GRANTS AND INVESTMENT FUNDS TO NOTRE DAME ACADEMY AND ACCOUNTING RECORDS ARE RETAINED TO SUBSTANTIATE ALL CONTRIBUTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

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