Bismarck Area Catholic Education Foundation
- Assets
- $10.6m
- Revenue
- $255.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 10/1975
- Data as of
- 12/2021
- EIN
- 51-0162981
Organization Overview
Bismarck Area Catholic Education Foundation is located in Bismarck, ND. The organization was established in 1975. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Bismarck Area Catholic Education 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 12/2021, Bismarck Area Catholic Education Foundation generated $255.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $450.7k during the year ending 12/2021. While expenses have increased by 11.4% 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 2018, Bismarck Area Catholic Education Foundation has awarded 19 individual grants totaling $833,708. 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
RELIGIOUS AND EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO LOCAL CATHOLIC SCHOOLS FOR RELIGIOUS AND EDUCATIONAL PURPOSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Kempel Vice President | OfficerTrustee | 5 | $0 |
Blaine Doppler Secretary Treasurer | OfficerTrustee | 5 | $0 |
Tim Bohan President | OfficerTrustee | 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 | $89,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,134 |
| Total Program Service Revenue | $0 |
| Investment income | $162,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,630 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,884 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $341,955 |
| 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 | $20,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,171 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| 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 | $54 |
| Total functional expenses | $450,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,375 |
| 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 | $10,625,910 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,632,252 |
| 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 | $0 |
| 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 | $10,632,252 |
| Total liabilities and net assets/fund balances | $10,632,252 |
Grants Awarded
Over the last fiscal year, Bismarck Area Catholic Education Foundation has awarded $305,762 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Bismarck, ND PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS EDUCATION | $229,322 |
Bismarck, ND PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS EDUCATION | $21,699 |
CATHEDRAL OF THE HOLY SPIRIT PARISH PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS EDUCATION | $14,250 |
CHURCH OF SAINT ANNE PARISH PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS EDUCATION | $12,335 |
CHURCH OF SAINT MARY'S PARISH PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS EDUCATION | $12,075 |
CHURCH OF THE ASCENSION PARISH PURPOSE: PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS EDUCATION | $9,966 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bismarck Area Catholic Education Foundation has recieved totaling $524.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blake School Hopkins, MN | $191,397,009 | $55,181,768 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |
Minnehaha Academy Minneapolis, MN | $87,515,002 | $27,566,696 |
Little Wound School Board Inc Kyle, SD | $30,101,573 | $34,256,769 |
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Community Of Peace Academy St Paul, MN | $12,629,735 | $12,830,320 |
New Millennium Academy Brooklyn Center, MN | $9,494,362 | $13,749,517 |
Tiospa Zina Tribal School Agency Village, SD | $23,159,499 | $11,778,835 |