St Marys Foundation Of Storm Lake Iowa
- Assets
- $3.7m
- Revenue
- $638.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Storm Lake, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 42-1433381
Organization Overview
St Marys Foundation Of Storm Lake Iowa is located in Storm Lake, IA. The organization was established in 1946. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Marys Foundation Of Storm Lake Iowa 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 Marys Foundation Of Storm Lake Iowa generated $638.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $255.9k during the year ending 06/2022. While expenses have increased by 22.8% 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.
Since 2015, St Marys Foundation Of Storm Lake Iowa has awarded 29 individual grants totaling $1,203,878. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE THE WELFARE OF ST MARY'S PARISH AND SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST MARY'S SCHOOL - THE ORGANIZATION CONTRIBUTED 45,000 FOR THE GENERAL OPERATIONS OF THE SCHOOL AND 19,095 FOR CHROMEBOOKS AND ACCESS PLUS. ST MARY'S CHURCH - THE ORGANIZATION CONTRIBUTED 107,137 TOWARDS THE GENERAL OPERATING OF THE CHURCH AND 39,795 FOR A MOWER.
ST MARY'S SCHOOL - THE ORGANIZATION CONTRIBUTED 37,158 FOR TUITION ASSISTANCE FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE.
ST MARY'S SCHOOL - THE ORGANIZATION CONTRIBUTED 7,113 TO BE USED TO ENHANCE TEACHER SALARIES FOR THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Berg Secretary | OfficerTrustee | 0.5 | $0 |
Kevin Pickhinke Treasurer | OfficerTrustee | 1 | $0 |
Father Brent Lingle Vice-Preside | OfficerTrustee | 1 | $0 |
Charlie Larson President | OfficerTrustee | 1 | $0 |
John Murray Director | Trustee | 0.5 | $0 |
Bishop R Walker Nickless Director | Trustee | 0.5 | $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 | $46,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,518 |
| Total Program Service Revenue | $0 |
| Investment income | $111,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $479,841 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $638,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,298 |
| 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 | $25 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $255,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $671,569 |
| 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 | $3,074,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,746,258 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $588,786 |
| 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 | $588,786 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,402,853 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $754,619 |
| Total liabilities and net assets/fund balances | $3,746,258 |
Grants Awarded
Over the last fiscal year, St Marys Foundation Of Storm Lake Iowa has awarded $255,298 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Storm Lake, IA PURPOSE: GENERAL OPERATIONS | $146,932 |
Storm Lake, IA PURPOSE: SCHOOL OPER/CHROMEBO | $64,095 |
Storm Lake, IA PURPOSE: TUITION ASSISTANCE | $37,158 |
Storm Lake, IA PURPOSE: TEACHER ENDOWMENT | $7,113 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Marys Foundation Of Storm Lake Iowa has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Citizens First National Bank Foundation Storm Lake, IA PURPOSE: RELIGIOUS | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional West Physicians Clinic Scottsbluff, NE | $19,988,979 | $77,287,786 |
Bethany Lutheran Homes Inc La Crosse, WI | $102,810,906 | $37,603,425 |
St Paul Elder Services Inc Kaukauna, WI | $41,952,287 | $25,919,489 |
Benedictine Health Center Minneapolis, MN | $49,837,016 | $24,199,647 |
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |