St Francis Desales High Schoolfoundation Inc
- Assets
- $3.1m
- Revenue
- $274.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 26-0689151
Organization Overview
St Francis Desales High Schoolfoundation Inc is located in Louisville, KY. The organization was established in 2008. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Francis Desales High Schoolfoundation 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, St Francis Desales High Schoolfoundation Inc generated $274.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $314.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO ASSIST ST. FRANCIS DESALES HIGH SCHOOL WITH ITS MISSION OF EDUCATING YOUNG MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS AWARDED TO ST. FRANCIS DESALES HIGH SCHOOL FOR THE EDUCATION OF YOUNG MEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve James President | OfficerTrustee | 1 | $0 |
Paul Cox Secretary | OfficerTrustee | 1 | $0 |
Milt Tandy Treasurer | OfficerTrustee | 1 | $0 |
Paul Brown Director | Trustee | 1 | $0 |
FR Tom Gentile Director | Trustee | 1 | $0 |
Charlie Tewell 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 | $81,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,712 |
| Total Program Service Revenue | $0 |
| Investment income | $157,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,821 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $284,500 |
| 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 | $6,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $359 |
| 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 | $0 |
| Total functional expenses | $314,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,989 |
| Savings and temporary cash investments | $29,808 |
| Pledges and grants receivable | $40,689 |
| 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 | $2,731,845 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,777 |
| Total assets | $3,119,108 |
| 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 | $28,878 |
| Total liabilities | $28,878 |
| Net assets without donor restrictions | $2,743,545 |
| Net assets with donor restrictions | $346,685 |
| 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 | $3,119,108 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that St Francis Desales High Schoolfoundation Inc has recieved totaling $21,776.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,140 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,300 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,750 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Endowment Analysis
| Beg. Balance | $1,087,119 |
| Earnings | $102,991 |
| Net Contributions | $52,649 |
| Grants | $143,500 |
| Ending Balance | $893,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-American Athletic Conference Cleveland, OH | $9,627,681 | $28,156,752 |
Atlantic 10 Conference Newport News, VA | $60,983,729 | $20,508,241 |
Ohio High School Athletic Association Columbus, OH | $19,212,358 | $25,255,683 |
Lift For Life Academy Inc St Louis, MO | $16,336,630 | $14,911,822 |
Ohio Valley Conference Brentwood, TN | $13,074,927 | $12,736,519 |
Horizon League Inc Indianapolis, IN | $13,064,997 | $9,023,003 |
Big Green Scholarship Foundation Inc Huntington, WV | $16,493,764 | $5,508,906 |
Affton Athletic Association Inc Saint Louis, MO | $7,383,219 | $3,754,085 |
Ambassadors Football Twinsburg, OH | $3,909,961 | $2,647,510 |
St Louis Gymnastic Centre St Louis, MO | $2,087,468 | $2,283,329 |
North Shore Ice Arena Llc Northbrook, IL | $6,337,689 | $1,838,299 |
Greater Kansas City Sports Commission Kansas City, MO | $1,023,252 | $1,539,143 |