St Bernadette Caritas Society Endowment Fund
- Assets
- $3.0m
- Revenue
- $427.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-2520875
Organization Overview
St Bernadette Caritas Society Endowment Fund is located in Westlake, OH. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Bernadette Caritas Society Endowment Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, St Bernadette Caritas Society Endowment Fund generated $427.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $58.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ST. BERNADETTE PROVIDES FUNDS TO ST. BERNADETTE CHURCH & ST. BERNADETTE SCHOOL TO SUBSIDIZE FINANCIAL AID, TEACHER REWARDS & RETENTION, AND OTHER EDUCATIONAL & RELIGIOUS PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. BERNADETTE CARITAS SOCIETY ENDOWMENT FUND PROVIDES FINANCIAL SUPPORT FOR THE EDUCATIONAL AND RELIGIOUS PROGRAMS AT ST. BERNADETTE CHURCH AND SCHOOL. ST. BERNADETTE IS A CATHOLIC PARISH IN WESTLAKE, OHIO WHICH OPERATES UNDER THE CATHOLIC DIOCESE OF CLEVELAND AND THE ROMAN CATHOLIC CHURCH IN THE UNITED STATES. APPROXIMATELY 3,000 FAMILIES ARE REGISTERED MEMBERS OF THE PARISH AND THERE ARE ABOUT 400 STUDENTS ENROLLED AT ST. BERNADETTE SCHOOL, GRADES KINDERGARTEN THROUGH EIGHTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lipaj President-Outgoing | OfficerTrustee | 2.5 | $0 |
Anita O'donnell Treasurer | OfficerTrustee | 1 | $0 |
Pastor Philip Racco Director | OfficerTrustee | 1 | $0 |
Timothy Sullivan Director | Trustee | 1 | $0 |
Sherry Clancy Director | Trustee | 1 | $0 |
Dan O'leary Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,139 |
| Total Program Service Revenue | $0 |
| Investment income | $73,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $427,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,265 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,819 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $50 |
| Total functional expenses | $58,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,929 |
| Savings and temporary cash investments | $497,482 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,509,976 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,048,387 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,048,387 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,048,387 |
Endowment Analysis
| Beg. Balance | $2,394,602 |
| Earnings | $315,547 |
| Admin Expense | $15,286 |
| Net Contributions | $346,139 |
| Other Expense | $43,265 |
| Ending Balance | $3,048,387 |
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