Lourdes Foundation Inc

Organization Overview

Lourdes Foundation Inc is located in Rochester, MN. The organization was established in 1974. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lourdes Foundation Inc 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 06/2022, Lourdes Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $500.3k during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO UNITE ALUMNI, PARENTS, AND FRIENDS IN CELEBRATION AND SUPPORT OF ROCHESTER CATHOLIC SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SCHOLARSHIP PROGRAM AWARDED $361,324 TO 99 STUDENTS IN FINANCIAL NEED IN ROCHESTER CATHOLIC SCHOOLS, PRIMARILY AT LOURDES HIGH SCHOOL (247 AWARDS). 7 AWARDS WERE AT THE ELEMENTARY LEVEL, 25 AWARDS AT THE MIDDLE SCHOOL LEVEL AND 215 AWARDS AT THE HIGH SCHOOL LEVEL. $9,188 OF AWARDS WERE OF COLLEGE SCHOLARSHIPS.


SUPPORT OF ROCHESTER CATHOLIC SCHOOL STUDENT ACTIVITIES, ATHLETICS, FINE ARTS AND MUSIC, AND PHILANTHROPIC ADVANCEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Gerry Nonn
Secretary
$0
Andrew Davick
President
$0
Joseph Mahoney
Treasurer
$0
Rebekah Johnson
Advancement Coordinator
$0
Darci Kopischke Resigned
Director
$0
Kathleen Allison
Director
$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$1,019,102
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,019,102
Total Program Service Revenue$0
Investment income $226,616
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $691,572
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,937,290

Grants Awarded

Over the last fiscal year, Lourdes Foundation Inc has awarded $172,490 in support to 2 organizations.

Grant RecipientAmount

LOURDES HIGH SCHOOL

Org PageRecipient Profile

Rochester, MN

PURPOSE: STUDENT SCHOLARSHIPS

$167,430

Pella, IA

PURPOSE: STUDENT SCHOLARSHIPS

$5,060
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lourdes Foundation Inc has recieved totaling $25,000.

Awarding OrganizationAmount
Haggerty Family Foundation

Newport Beach, CA

PURPOSE: TO PROVIDE SUPPORT

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,561,398
Net Contributions$978,858
Ending Balance$8,540,256

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