Hastings Catholic Schools Foundation
- Assets
- $7.9m
- Revenue
- $1.8m
- Investments
- $176.0k
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 01/1985
- Data as of
- 06/2021
- EIN
- 36-3336517
Organization Overview
Hastings Catholic Schools Foundation is located in Hastings, NE. The organization was established in 1985. 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. Hastings Catholic Schools Foundation 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 06/2021, Hastings Catholic Schools Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $809.9k during the year ending 06/2021. While expenses have increased by 24.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS FOR EDUCATIONAL OR RELIGIOUS PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ST. CECILIA HIGH SCHOOL INCOME FROM INVESTED CAPITAL FOR USE IN PAYMENT OF OPERATIONAL EXPENSES AND ANY SPECIAL NEEDS DETERMINED BY THE BOARD OF DIRECTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Evans Treasurer | OfficerTrustee | 1 | $0 |
Michael Walenz President | Officer | 1 | $0 |
Pat Mertens Vice Chair | Officer | 1 | $0 |
Marv Schultes Secretary | Officer | 1 | $0 |
Matt Greenquist Vice Chair | Officer | 1 | $0 |
Ellen Thomas 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 | $1,220,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,220,403 |
| Total Program Service Revenue | $0 |
| Investment income | $197,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $355,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,782,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $11,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,106 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $4,079 |
| 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 | $7,031 |
| All other expenses | $0 |
| Total functional expenses | $809,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,670 |
| 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 | $7,010,181 |
| Investments—other securities | $176,037 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,165 |
| Total assets | $7,910,908 |
| 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 | $1,166 |
| Total liabilities | $1,166 |
| Net assets without donor restrictions | $752,844 |
| Net assets with donor restrictions | $7,156,898 |
| 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 | $7,910,908 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hastings Catholic Schools Foundation has recieved totaling $149,956.
| Awarding Organization | Amount |
|---|---|
Hastings Community Foundation Inc Hastings, NE PURPOSE: GENERAL OPERATIONS | $148,402 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Endowment Analysis
| Beg. Balance | $6,173,510 |
| Earnings | $1,325,807 |
| Admin Expense | $63,898 |
| Net Contributions | $1,220,794 |
| Grants | $746,471 |
| Ending Balance | $7,909,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Springs Early Colleges Fort Collins, CO | $35,604,171 | $48,955,771 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Kent Denver Country Day School Englewood, CO | $152,128,736 | $28,714,995 |
Wichita Collegiate School Wichita, KS | $29,920,797 | $19,193,886 |
Fountain Valley School Of Colorado Colorado Springs, CO | $92,362,981 | $24,818,046 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
Denver Jewish Day School Denver, CO | $13,403,281 | $10,611,914 |
Missouri State High School Activities Association Columbia, MO | $6,937,153 | $7,413,046 |
Kansas State High School Activities Association Topeka, KS | $10,504,642 | $6,714,046 |
Quest Forward Academy Inc Aurora, CO | $2,500,201 | $7,624,976 |