Foundation For Catholic Education Of Greater Grand Rapids Inc in Grand Rapids, Michigan (MI)

Advertisements

Table of contents:

• Overview
• Detailed Reports
  • Checklist
  • Statements Regarding Other IRS Filings and Tax Compliance
  • Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
  • Statement of Revenue
  • Statement of Functional Expenses
  • Balance Sheet
  • Reason for Public Charity Status
  • Revenue, Expenses, and Changes in Net Assets or Fund Balances
  • Statement of Functional Expenses
  • Balance Sheets
  • Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
  • Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
  • Current Officers, Directors, Trustees, and Key Employees
  • Other Information
  • Analysis of Income-Producing Activities
  • Information Regarding Taxable Subsidiaries and Disregarded Entities
  • Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
  • Statements About Activities
  • Reason for Non-Private Foundation Status
  • Information about the supported organizations
  • Support Schedule
  • Lobbying Expenditures by Electing Public Charities
• Organizations performing similar types of work
• Affiliated organizations

Organization representatives - add corrected or new information about Foundation For Catholic Education Of Greater Grand Rapids Inc »

First Name:

Last Name:

Your position at this organization:

E-mail (will not be displayed publicly)   

Phone: (will not be displayed publicly)

Corrected or new information:  (50-4000 characters, will be displayed publicly)

Type the code shown:

Your IP address 3.138.69.39 will be logged.

Non-representatives - add comments about Foundation For Catholic Education Of Greater Grand Rapids Inc»

Foundation For Catholic Education Of Greater Grand Rapids Inc
Employer Identification Number (EIN)	382175690
Name of Organization	Foundation For Catholic Education Of Greater Grand Rapids Inc
Address	360 Division Ave S Ste 3a, Grand Rapids, MI 49503-4501
Activities	Private school, Church, synagogue, etc
Subsection	Charitable Organization, Religious Organization
Ruling Date	03/1946
Deductibility	Contributions are deductible
Foundation	Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$10,000,000 to $49,999,999
Income	$500,000 to $999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$12,045,876
Amount of Income	$818,558
Form 990 Revenue Amount	$795,068
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution

Non-representatives - add comments:

First Name:

Last Name:

E-mail (will not be displayed publicly)   

Public comments:  (50-4000 characters)

Type the code shown:

Your IP address 3.138.69.39 will be logged.

Amount of income in 2014: $818,558

This organization:	$818,558
Other organizations performing similar types of work:	$1,625,924

Assets in 2014: $12,045,876

This organization:	$12,045,876
Other organizations performing similar types of work:	$5,186,309

Expenses in 2014: $501,398

This organization:	$501,398
Other organizations performing similar types of work:	$720,340

Income to expenses ratio in 2014: 1.6

Foundation For Catholic Education Of Greater Grand Rapids Inc:	1.6
Other organizations performing similar types of work:	1.5

Expenses allocated to program services in 2007: 74.7%

Foundation For Catholic Education Of Greater Grand Rapids Inc:	74.7%
Other organizations performing similar types of work:	85.4%

Grants share in income in 2014: 46.7%

This organization:	46.7%
Other organizations performing similar types of work:	13.0%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
	2012	2013	2014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	No
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	Yes	Yes	Yes
Did the organization report an amount for other liabilities?	No	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No	No
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	Yes	Yes	Yes
Did the organization receive more than $25,000 in non-cash contributions?	No	Yes	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

Statements Regarding Other IRS Filings and Tax Compliance
	2012	2013	2014
The number reported in Box 3 of Form 1096	1	2	2
The number of Forms W-2G	0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?	Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return	0	0	0
Did the organization file all required federal employment tax returns?	No	No	No
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?	No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?	No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?	No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?	No	No	No
Did the organization file Form 8886-T?	No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?	No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?	No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?	No	No	No
Did the organization notify the donor of the value of the goods or services provided?	No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?	No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?	No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?	No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?	No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?	No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?	No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?	No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?	No	No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?	No	No	No
The amount of tax-exempt interest received or accrued during the year	$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?	No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans	$0	$0	$0
The amount of reserves on hand	$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?	No	No	No
Has it filed a Form 720 to report these payments?	No	No	No

Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
	2012	2013	2014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$64,608	$0	$0
Total reportable compensation from related organizations	$0	$74,604	$76,864
Total estimated amount of other compensation from the organization and related organizations	$9,142	$10,628	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0	0

Statement of Revenue
	2012	2013	2014
Total revenue	$651,482	$683,484	$795,068
Contributions, Gifts, Grants and Other Similar Amounts	$303,695	$326,739	$371,258
Program Service Revenue	$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$326,140	$340,090	$399,909
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$-4,845	$0	$0
Net income/loss from fundraising events	$4,650	$-2,723	$4,909
Gross income from fundraising events	$22,395	$20,284	$28,399
Less: direct expenses	$17,745	$23,007	$23,490
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$21,842	$19,378	$18,992
900099	$21,842	$19,378	$18,992
All other revenue	$0	$0	$0

Statement of Functional Expenses
	2012	2013	2014
Total functional expenses	$397,784	$381,293	$501,398
Grants and other assistance to domestic organizations and domestic governments	$266,935	$237,514	$317,177
Grants and other assistance to domestic individuals	$0	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals	$0	$0	$0
Benefits paid to or for members	$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$85,265	$77,448	$82,787
Compensation not included above, to disqualified persons	$0	$0	$0
Other salaries and wages	$0	$0	$0
Pension plan accruals and contributions	$0	$0	$0
Other employee benefits	$0	$0	$0
Payroll taxes	$0	$0	$0
Fees for services (non-employees)
Management	$0	$0	$0
Legal	$0	$0	$0
Accounting	$17,125	$18,900	$21,200
Lobbying	$0	$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees	$0	$0	$0
Other	$0	$0	$0
Advertising and promotion	$21,480	$32,134	$65,181
Office expenses	$1,483	$4,024	$6,983
Information technology	$0	$6,463	$1,970
Royalties	$0	$0	$0
Occupancy	$0	$0	$0
Travel	$381	$1,803	$1,643
Payments of travel or entertainment expenses for any federal, state, or local public officials	$0	$0	$0
Conferences, conventions, and meetings	$4,267	$1,043	$1,537
Interest	$0	$0	$0
Payments to affiliates	$0	$0	$0
Depreciation, depletion, and amortization	$0	$0	$0
Insurance	$0	$0	$0
Other expenses	$533	$1,964	$2,920

Balance Sheet
	2012	2013	2014
Total assets	$9,722,714	$10,747,233	$12,045,876
Cash - non-interest-bearing	$35,366	$57,891	$34,129
Savings and temporary cash investments	$76,402	$76,516	$56,725
Pledges and grants receivable, net	$16,490	$6,250	$85,380
Accounts receivable, net	$597	$42,624	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees	$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations	$0	$0	$0
Notes and loans receivable, net	$0	$0	$0
Inventories for sale or use	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$2,053
Land, buildings, and equipment: cost or other basis	$0	$0	$0
Investments - publicly traded securities	$0	$0	$0
Investments - other securities	$0	$0	$0
Investments - program-related	$0	$0	$0
Intangible assets	$0	$0	$0
Other assets	$9,593,859	$10,563,952	$11,867,589
Total liabilities	$216,750	$282,722	$273,701
Accounts payable and accrued expenses	$1,500	$41,145	$3,373
Grants payable	$215,250	$241,577	$270,328
Deferred revenue	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability	$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons	$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)	$0	$0	$0
Total net assets or fund balances	$9,505,964	$10,464,511	$11,772,175
Unrestricted net assets	$1,871,370	$2,089,050	$2,240,983
Temporarily restricted net assets	$25,773	$53,279	$18,388
Permanently restricted net assets	$7,608,821	$8,322,182	$9,512,804
Capital stock or trust principal, or current funds	$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund	$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported	1
Sum of amounts of support	$317,177

Revenue, Expenses, and Changes in Net Assets or Fund Balances
	2000	2001	2002	2003	2004	2005	2006	2007
Total revenue	$156,479	$866,833	$-90,726	$441,150	$754,966	$616,814	$3,729,383	$1,008,519
Contributions, gifts, grants, and similar amounts received	$110,796	$1,003,270	$52,256	$218,730	$187,329	$322,567	$3,184,429	$1,165,988
Contributions to donor advised funds							$0	$0
Direct public support	$110,796	$1,003,270	$52,256	$218,730	$187,329	$322,567	$3,184,429	$1,165,988
Indirect public support	$0	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$0	$0	$0	$0	$0	$0	$0	$0
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$1,875	$391	$637	$42	$98	$0	$0	$0
Dividends and interest from securities	$63,583	$143,055	$83,329	$73,262	$103,012	$97,953	$544,954	$24,294
Net rental income or (loss)	$0	$0	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$-19,775	$-279,883	$-226,948	$149,116	$464,527	$196,294	$0	$-181,763
Gross amount from sales of assets other than inventory	$40,104	$63,043	$1,782,904	$2,937,560	$5,800,576	$196,294	$0	$0
Less: cost or other basis and sales expenses	$59,879	$342,926	$2,009,852	$2,788,444	$5,336,049	$0	$0	$181,763
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0	$0
Total expenses	$171,006	$187,503	$217,472	$193,845	$175,762	$263,066	$195,830	$477,452
Program services	$110,782	$110,089	$130,023	$134,814	$138,441	$217,062	$158,554	$356,745
Management and general	$38,610	$49,040	$50,501	$59,031	$37,321	$46,004	$29,853	$112,230
Fundraising	$21,614	$28,374	$36,948	$0	$0	$0	$7,423	$8,477
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$2,913,715	$3,543,699	$3,510,307	$3,805,404	$4,017,296	$4,340,210	$8,466,110	$9,155,607
Excess or (deficit) for the year	$-14,527	$679,330	$-308,198	$247,305	$579,204	$353,748	$3,533,553	$531,067
Net assets or fund balances at beginning of year	$3,161,161	$2,913,715	$3,543,699	$3,510,307	$3,805,404	$4,017,296	$4,340,210	$8,466,110
Other changes in net assets or fund balances	$-232,919	$-49,346	$274,806	$47,792	$-367,312	$-30,834	$592,347	$158,430

Statement of Functional Expenses (for 2007)
	Total	Program services	Management and general	Fundraising
Total functional expenses	$477,452	$356,745	$112,230	$8,477
Grants paid from donor advised funds		$0
Other grants and allocations		$356,745
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$63,672	$0	$63,672	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$38,323	$0	$38,323	$0
Legal fees	$0	$0	$0	$0
Supplies	$0	$0	$0	$0
Telephone	$0	$0	$0	$0
Postage and shipping	$448	$0	$448	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$1,802	$0	$1,802	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$0	$0	$0	$0
Other expenses not covered above	$16,462	$0	$7,985	$8,477

Balance Sheets
	2000	2001	2002	2003	2004	2005	2006	2007
Total assets	$3,065,776	$3,801,775	$3,640,330	$3,944,641	$4,159,896	$4,487,941	$8,632,821	$9,551,926
Cash - non-interest-bearing	$1,878	$1,208	$2,000	$62,321	$145,042	$242,657	$96,218	$168,232
Savings and temporary cash investments	$372,122	$215,037	$234,276	$140,584	$192,310	$451,241	$36,722	$18,888
Accounts receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Pledges receivable less allowance for doubtful accounts	$31,592	$605,249	$10,035	$112,864	$62,686	$69,580	$474,580	$1,367,372
Grants receivable	$0	$77,044	$78,111	$60,358	$60,009	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$0	$0	$0	$0	$0	$0
Investments - publicly-traded securities							$4,536,148	$4,432,118
Investments - other securities	$2,423,237	$2,549,202	$3,036,755	$3,268,314	$3,412,110	$3,382,905	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$138	$0	$0
Investments - other	$236,947	$260,801	$278,193	$299,514	$287,327	$296,920	$327,566	$0
Land, buildings, and equipment less accumulated depreciation	$0	$1,234	$960	$686	$412	$0	$0	$0
Other assets, including program-related investments	$0	$92,000	$0	$0	$0	$44,500	$3,161,587	$3,565,316
Total liabilities	$152,061	$258,076	$130,023	$139,237	$142,600	$147,731	$166,711	$396,319
Accounts payable and accrued expenses	$41,279	$55,987	$0	$0	$0	$0	$16,490	$30,900
Grants payable	$110,782	$110,089	$130,023	$134,814	$138,441	$147,731	$150,221	$301,747
Deferred revenue	$0	$0	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$0	$92,000	$0	$4,423	$4,159	$0	$0	$63,672
Total liabilities and net assets/fund balances	$3,065,776	$3,801,775	$3,640,330	$3,944,641	$4,159,896	$4,487,941	$8,632,821	$9,551,926
Total net assets or fund balances	$2,913,715	$3,543,699	$3,510,307	$3,805,404	$4,017,296	$4,340,210	$8,466,110	$9,155,607

Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
	2000	2001	2002	2003	2004	2005	2006	2007
Total revenue	$156,479	$866,833	$-90,726	$441,150	$754,966	$616,814	$3,729,383	$1,008,519
Total revenue, gains, and other support per audited financial statements	$-106,554	$865,587	$184,080	$472,320	$373,785	$597,655	$3,909,146	$1,166,949
Other expenses	$-263,033	$-1,246	$274,806	$47,792	$-367,312	$-7,259	$179,763	$158,430
Net unrealized gains on investments	$-263,033	$-2,798	$267,513	$44,206	$-386,358	$-43,759	$121,970	$139,643
Donated services and use of facilities	$0	$0	$0	$0	$0	$23,575	$24,000	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$1,552	$7,293	$3,586	$19,046	$12,925	$33,793	$18,787
Other revenue	$0	$0	$0	$16,622	$13,869	$11,900	$0	$0
Investment expenses	$0	$0	$0	$16,622	$13,869	$11,900	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0

Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
	2000	2001	2002	2003	2004	2005	2006	2007
Total expenses	$171,006	$187,503	$217,472	$193,845	$175,762	$263,066	$195,830	$477,452
Total expenses and losses per audited financial statements	$171,006	$187,503	$217,472	$177,223	$161,893	$274,741	$219,830	$477,452
Other revenue	$0	$0	$0	$0	$0	$23,575	$24,000	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$23,575	$24,000	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$16,622	$13,869	$11,900	$0	$0
Investment expenses	$0	$0	$0	$16,622	$13,869	$11,900	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0

Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
0	$63,672	$0	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	No

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	0

Analysis of Income-Producing Activities (for 2007)
	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
	Business code	Amount	Exclusion code	Amount
Total		$0		$-157,469	$0
Program service revenue
Program service revenue 1	000000	$0	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$24,294	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$-181,763	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000

0

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Not controlled by disqualified persons/supports non private foundation
Type of supporting organization	Type I

Information about the supported organizations
Employer identification number (EIN)	Name of organization	Type of organization	Is the supported organization listed in the supporting organization's governing documents?	Amount of support
382365635			No	$356,745
Total				$356,745

Support Schedule
	1999	2000	2001	2002	2003	2004	2005	2006
Total	$0	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

Write your review!

Your Ratings You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated Program: Fundraising: Expenses: Transparency: Your Review Please note that defamatory statements might be against the law. As soon as you visit any website, your IP address is available to that site. Would you recommend Foundation For Catholic Education Of Greater Grand Rapids Inc to others? (optional) Yes    No Add photo of Foundation For Catholic Education Of Greater Grand Rapids Inc (optional) About You Your nickname: I have read, and agree to the Terms of Service Optional Verification (additional info to increase the weight and the placement of your review and ratings) Log in»  |   Register - it's free and very quick! Real Name: Email (won't be published): Date and time of your visit to this nonprofit: Phone number (won't be published): Show my IP address (3.138.69.xxx) to everybody Leave your signature» Clear Make my signature public Send Review!

Recently Added Reviews

St Johns Home in Grand Rapids, MI

Marine Corps League, Fred Cochran Det in Grand Rapids, MI

Kids Food Basket in Grand Rapids, MI

Blue Water Pregnancy Care Center in Port Huron, MI

Knights Of The Road Motorcycle Club in Detroit, MI

Oakland County Bible Students Inc in Clawson, MI

Mich Volunteer Legionary Corps Of Artillery in Owosso, MI

Ludington Recreation Soccer Board, Ludington Soccer Club in Ludington, MI

Clinton River Ski Club in Boyne City, MI

Rabbit & Small Animal Rescue in Westland, MI

Organizations performing similar types of work
Id	Name	Address	State	Established	Total Income
1	Madhuri & Jagdish Sheth Foundation	7 Epply Center, East Lansing, MI 48824	MI	1902-02	$1,595,788
2	Foundation For Catholic Education Of Greater Grand Rapids Inc	360 Division Ave S Ste 3a, Grand Rapids, MI 49503-4501	MI	1946-03	$818,558
3	Grand Ledge Music Booster Association	PO BOX 212, Grand Ledge, MI 48837-0212	MI	1997-02	$53,588
4	Rural School And Community Trust	4301 Connecticut Ave Nw Ste 100, Washington, DC 20008-2304	DC	1996-01	$5,120,247
5	West Side Day Nursery And Kindergarten	20 W 86th St, New York, NY 10024-3604	NY	1947-04	$549,484
6	American Friends Of Bucerius Law School	440 Park Avenue South 2nd Floor, New York, NY 10016	NY	2007-02	$421,513
7	St Mary Central-Seton Education Endowment Fund Agency 08051997	PO BOX 649, Neenah, WI 54957-0649	WI	1999-10	$417,310
8	Schools For Salone	PO BOX 25314, Seattle, WA 98165-2214	WA	2008-06	$343,503
9	Verlyn E Grahl Foundation Inc	130 S Main St, Fond Du Lac, WI 54935-4210	WI	1999-02	$275,937
10	St Patrick School Foundation Inc, John J Brannen Community Education Foundation Inc	4 W 3rd Street, Maysville, KY 41056	KY	1981-10	$78,106
11	Drew League Foundation	2851 W 120th Street Suite E 517, Hawthorne, CA 90250	CA	2009-01	$68,411
12	Stowe Schools Foundation For Educational Advancement Inc	PO BOX 820, Stowe, VT 05672-0820	VT	1998-01	$46,249
13	Ruckus House Scholarship Foundation Inc	9450 Moss Plantation Rd Nw, Concord, NC 28027	NC	2007-04	$34,016
14	U S Freedom Foundation	1717k St Nw Ste 600, Washington, DC 20036	DC	2003-05	$16,750
15	Battle Creek-Ida Grove School Foundation Inc	500 2nd St, Ida Grove, IA 51445-1305	IA	2001-01	$3,763
16	Achieve 121	224 N Pine St, Lansing, MI 48933-1022	MI	2004-12	$0
17	Aransas Pass Panther Booster Club	PO BOX 1994, Aransas Pass, TX 78335-1994	TX	2000-11	$0
18	Bison Charities	37300 10th Ave, Buffalo Center, IA 50424	IA	1999-09	$0
19	Brainstorm	558 Coventry Ln, West Chester, PA 19382-7588	PA	2001-11	$0
20	Cascade Academy Foundation	1331 Nw Eastman Pkwy, Gresham, OR 97030	OR	2008-09	$0

Number of organizations performing similar types of work
Arkansas 1 Arizona 2 California 14 Colorado 3 Connecticut 1 District of Columbia 4 Delaware 1 Florida 3 Georgia 3 Iowa 6 Illinois 4 Indiana 1 Kansas 1 Kentucky 2 Louisiana 2 Massachusetts 3 Maryland 3 Maine 1 Michigan 4 Minnesota 1	Missouri 1 Mississippi 2 North Carolina 4 New Hampshire 1 New Jersey 4 New Mexico 2 Nevada 1 New York 7 Ohio 3 Oregon 2 Pennsylvania 2 Rhode Island 2 South Dakota 1 Tennessee 4 Texas 7 Virginia 2 Vermont 1 Washington 4 Wisconsin 4
Total	114

20 biggest affiliated organizations
Affiliation	Name	Address	State	Established	Total Income
Subordinate	Saint Francis Hospital Inc	6600 S Yale Ave, Tulsa, OK 74136-3347	OK	1946-03	$3,970,090,877
Subordinate	Franciscan Alliance Inc	1515 W Dragoon Trl, Mishawaka, IN 46544-4710	IN	1946-03	$2,596,912,525
Subordinate	Peacehealth, Ketchikan Medical Center	1115 Se 164th Ave Dept 332, Vancouver, WA 98683-8003	WA	1965-01	$2,090,551,281
Subordinate	Osf Healthcare System	800 Ne Glen Oak Ave, Peoria, IL 61603-3200	IL	1946-03	$1,896,415,307
Subordinate	St Elizabeth Medical Center Inc	1 Medical Village Dr, Edgewood, KY 41017-3403	KY	1946-03	$1,877,972,561
Subordinate	Providence Health System-Southern California	PO BOX 389672, Seattle, WA 98138-9672	WA	1946-03	$1,724,724,506
Subordinate	Christus Health	919 Hidden Rdg, Irving, TX 75038-3813	TX	1946-03	$1,654,479,614
Subordinate	Catholic Health Initiatives	198 Inverness Dr W, Englewood, CO 80112-5202	CO	1946-03	$1,639,118,386
Subordinate	Catholic Health Initiatives Colorado, St Anthony North Hospital	3025 S Parker Road Suite 510, Aurora, CO 80014-2911	CO	1946-03	$1,621,612,108
Subordinate	St Vincent Hospital & Health Care	2001 W 86th St, Indianapolis, IN 46260-1991	IN	1946-03	$1,327,567,131
Subordinate	Catholic Healthcare West Southern California	PO BOX 1507, San Gabriel, CA 91778-1507	CA	1946-03	$1,248,417,601
Subordinate	Providence Medical Research Center	101 W 8th Ave, Spokane, WA 99204-2307	WA	1946-03	$1,231,839,049
Subordinate	Franciscan Health System	1717 S J St, Tacoma, WA 98405-4933	WA	1946-03	$1,205,494,228
Subordinate	Mount Carmel Health System	6150 E Broad St, Columbus, OH 43213-1574	OH	1946-03	$1,198,797,166
Subordinate	Ssm St Clare Health Center	10101 Woodfield Lane, St Louis, MO 63132-2937	MO	1946-03	$1,179,575,580
Subordinate	University Of Dayton, Phi Sigma Rho	337 Stonemill Road, Dayton, OH 45409	OH	1976-07	$1,170,175,935
Subordinate	Mercy Hospitals East Communities, Mercy Hospital St Louis	645 Maryville Centre Dr Ste 100, Saint Louis, MO 63141-5846	MO	1946-03	$1,107,258,738
Subordinate	Presence Hospitals Prv	9223 W Saint Francis Rd, Frankfort, IL 60423-8330	IL	1946-03	$1,104,334,849
Subordinate	Mercy Hospital Springfield	645 Maryville Centre Dr Ste 100, Saint Louis, MO 63141-5846	MO	1946-03	$965,658,386
Subordinate	St Francis Hospital United States Catholic Conference	100 Port Washington Blvd, Roslyn, NY 11576-1347	NY	1946-03	$949,972,252

Number of affiliated organizations
Alaska 87 Alabama 75 Arkansas 52 Arizona 235 California 1,063 Colorado 200 Connecticut 195 District of Columbia 121 Delaware 35 Florida 465 Georgia 158 Hawaii 41 Iowa 402 Idaho 30 Illinois 817 Indiana 365 Kansas 230 Kentucky 119 Louisiana 416 Massachusetts 600 Maryland 399 Maine 72 Michigan 426 Minnesota 309 Missouri 520 Mississippi 60	Montana 57 North Carolina 98 North Dakota 148 Nebraska 299 New Hampshire 97 New Jersey 457 New Mexico 121 Nevada 55 New York 1,371 Ohio 598 Oklahoma 90 Oregon 141 Pennsylvania 860 Rhode Island 94 South Carolina 43 South Dakota 112 Tennessee 80 Texas 852 Utah 18 Virginia 137 Vermont 62 Washington 195 Wisconsin 621 West Virginia 92 Wyoming 19 International 36
Total	14,245

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Foundation For Catholic Education Of Greater Grand Rapids Inc and has no official or unofficial affiliation with Foundation For Catholic Education Of Greater Grand Rapids Inc