Regina Foundation
- Assets
- $13.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Iowa City, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 51-0158837
Organization Overview
Regina Foundation is located in Iowa City, IA. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Regina Foundation employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Regina 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, Regina Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 17.1% 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.
Since 2015, Regina Foundation has awarded 22 individual grants totaling $16,827,911. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENHANCE THE FINANCIAL STRENGTH OF THE REGINA INTER-PARISH CATHOLIC EDUCATION CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLOCATIONS TO OR FOR REGINA EDUCATION CENTER TO PERPETUATE THE OPERATION AND MAINTAIN THE QUALITY OF ELEMENTARY AND SECONDARY EDUCATION. INCLUDES ALLOCATIONS FOR TEACHER SALARIES, TUITION ASSISTANCE, ADMINISTRATIVE POSITION, AND FACILITIES.
PASSTHROUGH OF DESIGNATIONS TO REGINA EDUCATION CENTER.
SCHOLARSHIPS FOR REGINA EDUCATION STUDENTS PAID TO INSTITUTIONS OF HIGHER LEARNING.
PAYMENTS TO/FOR REGINA EDUCATION CENTER FOR CAPITAL PROJECT (1,016,901). PAYMENTS TO/FOR REGINA EDUCATION CENTER FOR RESTRICTED FUND EXPENSES (458).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kecia Boysen Secr & Exec | Officer | 40 | $87,191 |
Gary Schmit Treasurer | Officer | 3 | $0 |
Chris Klitgaard President | Officer | 3 | $0 |
Alissa Jarrett Director | Trustee | 1 | $0 |
Rev Joseph Sia Director | Trustee | 1 | $0 |
Anne Kelly 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 | $2,356,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,356,369 |
| Total Program Service Revenue | $0 |
| Investment income | $187,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,542,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,985,660 |
| Grants and other assistance to domestic individuals. | $43,760 |
| 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 | $143,096 |
| Pension plan accruals and contributions | $4,171 |
| Other employee benefits | $10,638 |
| Payroll taxes | $11,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,110 |
| 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 | $8,537 |
| Information technology | $8,651 |
| Royalties | $0 |
| Occupancy | $6,386 |
| Travel | $178 |
| 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 | $2,989 |
| All other expenses | $2,022 |
| Total functional expenses | $2,252,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,308 |
| Savings and temporary cash investments | $307,575 |
| Pledges and grants receivable | $1,551,531 |
| Accounts receivable, net | $4 |
| 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 | $10,478,958 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $903,181 |
| Total assets | $13,335,557 |
| Accounts payable and accrued expenses | $5,763 |
| Grants payable | $0 |
| Deferred revenue | $903,181 |
| 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 | $908,944 |
| Net assets without donor restrictions | $1,221,331 |
| Net assets with donor restrictions | $11,205,282 |
| 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 | $13,335,557 |
Grants Awarded
Over the last fiscal year, Regina Foundation has awarded $1,985,660 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Iowa City, IA PURPOSE: CAPITAL PROJECT | $1,016,901 |
Iowa City, IA PURPOSE: DESIGNATED INCOME | $539,649 |
Iowa City, IA PURPOSE: ALLOCATIONS | $429,110 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Regina Foundation has recieved totaling $606,726.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Johnson Coralville, IA PURPOSE: TO SUPPPORT THE MISSION OF THE ORGANIZATION. | $553,803 |
GreenState Credit Union UNION North Liberty, IA PURPOSE: BLDG Cap. Campaign | $20,000 |
GreenState Credit Union UNION North Liberty, IA PURPOSE: Annual Fund Proposal | $13,000 |
Hills Bank Donor Advised Gift Fund North Liberty, IA PURPOSE: General support | $11,500 |
Jkf Foundation Iowa City, IA PURPOSE: GENERAL PURPOSES | $5,000 |
Krause Gentle Foundation Des Moines, IA PURPOSE: EDUCATION | $2,500 |
Endowment Analysis
| Beg. Balance | $7,559,794 |
| Earnings | $2,073,544 |
| Net Contributions | $134,419 |
| Grants | $277,464 |
| Ending Balance | $9,490,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
University Academy Kansas City, MO | $4,761,090 | $14,511,451 |
Missouri Military Academy Mexico, MO | $77,413,966 | $15,231,953 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |