Catholic Education Memorial Fund
- Assets
- $1.6m
- Revenue
- $114.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 05/1975
- Data as of
- 06/2022
- EIN
- 41-6172658
Organization Overview
Catholic Education Memorial Fund is located in Owatonna, MN. The organization was established in 1975. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Education Memorial 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 06/2022, Catholic Education Memorial Fund generated $114.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $89.8k during the year ending 06/2022. While expenses have increased by 7.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT CATHOLIC SCHOOL AND TO PROMOTE CATHOLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE, SUPPORT AND FURTHER CATHOLIC EDUCATION OF CATHOLIC YOUTH IN THE OWATONNA AREA. SUPPORT OF THE EDUCATION EFFORTS OF ST MARYS SCHOOL WHICH HAS ABOUT 350 STUDENTS IN K-8 AND PRE-SCHOOL HAS AN ADDITIONAL 50 STUDENTS. THE CATHOLIC YOUTH OF OWATONNA SERVES CLOSE TO 1000 CATHOLIC YOUTH IN OWATONNA IN GRADES K-12. SUPPORT FOR THOSE ATTENDING THE SEMINARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Nelson President | OfficerTrustee | 0.1 | $0 |
Dean Velzke Secretary | OfficerTrustee | 0.1 | $0 |
Ron Kubicek Treasurer | OfficerTrustee | 0.5 | $0 |
Tim Mcmanimon Director | Trustee | 0.1 | $0 |
Brian Haggerty Director | Trustee | 0.1 | $0 |
Jane Kubista Director | Trustee | 0.1 | $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 | $98 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98 |
| Total Program Service Revenue | $0 |
| Investment income | $55,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,000 |
| 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 | $2,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,432 |
| 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 | $1,200 |
| All other expenses | $0 |
| Total functional expenses | $89,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,425 |
| Savings and temporary cash investments | $78,980 |
| 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 | $1,529,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,611,343 |
| 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 | $0 |
| Net assets with donor restrictions | $1,611,343 |
| 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 | $1,611,343 |
Endowment Analysis
| Beg. Balance | $1,673,806 |
| Earnings | -$62,561 |
| Net Contributions | $98 |
| Ending Balance | $1,611,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plymouth Christian Youth Center American Lutheran Church Minneapolis, MN | $13,836,382 | $3,822,012 |
Reign Ministries Crystal, MN | $2,061,082 | $1,868,972 |
Center For Self Sufficiency Inc Milwaukee, WI | $659,812 | $1,378,661 |
South Central Minnesota Youth For Christ Inc Albert Lea, MN | $2,953,479 | $1,490,344 |
Boys And Girls Club Of The Wisconsin Rapids Area Inc Wisconsin Rapids, WI | $6,411,201 | $6,930,504 |
Northern Youth Programs Of Minnesota Inc International Falls, MN | $16,691 | $1,266,312 |
Youth For Christ Usa Inc Mason City, IA | $1,096,120 | $1,482,009 |
Youth For Christ Usa Inc Mount Pleasant, WI | $1,483,895 | $852,271 |
Child Evangelism Fellowship Inc Minot, ND | $308,189 | $898,271 |
Youth For Christ Usa Inc Sioux City, IA | $792,275 | $936,477 |
Youth For Christ Usa Inc Fond Du Lac, WI | $642,365 | $591,620 |
Child Evangelism Fellowship Inc Madison, WI | $346,809 | $678,858 |