Saint Francis Educational Endowment Fund
- Assets
- $981.6k
- Revenue
- $81.1k
- Investments
- $927.7k
- Employees
- 0
- Location
- Clearfield, PA
- Founding
- 11/1982
- Data as of
- 12/2022
- EIN
- 25-1422246
Organization Overview
Saint Francis Educational Endowment Fund is located in Clearfield, PA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Saint Francis Educational 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 12/2022, Saint Francis Educational Endowment Fund generated $81.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $53.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST. FRANCIS EDUCATIONAL ENDOWMENT FUND ANNUALLY MAKES A DISTRIBUTION TO THE ST. FRANCIS SCHOOL TO ASSIST WITH EDUCATIONAL EXPENSES AND SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
FR Brandon Kleckner Until 7522 Trustee | 0 | $0 | |
Carl A Belin Jr Chairman/tru | 0 | $0 | |
Lisa Forcey Trustee | 0 | $0 | |
James Blessel Until August 2022 Trustee | 0 | $0 | |
Frank Sturniolo Trustee | 0 | $0 | |
FR Robert Horgas Starting 7622 Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,382 |
| Interest on Savings | $4,830 |
| Dividends & Interest | $29,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,506 |
| Capital Gain Net Income | $42,506 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $912 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23 |
| Total operating and administrative expenses | $10,850 |
| Contributions, gifts, grants paid | $43,003 |
| Total expenses and disbursements | $53,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,309 |
| Net Accounts receivable | $2,212 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,035 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $318 |
| Total assets | $981,565 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $43,003 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,003 |
Grants Awarded
Over the last fiscal year, Saint Francis Educational Endowment Fund has awarded $105,776 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST FRANCIS SCHOOL PURPOSE: ASSIST W/EDUCATIONAL EXPENSES | $53,126 |
ST FRANCIS SCHOOL PURPOSE: ASSIST WITH RENOVATION AND EXPENSES | $52,650 |