Andrean Foundation INC FY2022 filing

Tax-deductible

Merrillville, IN501(c)(3)EducationEIN 23-7253554

To assist in defraying the operating budget of the school and stabilize tuition charges in order to provide a quality religious-oriented education

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $136K a year · 61% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $96K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$96K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$169K
-52% vs prior year
Spent
$93K
To programs
91%
Net assets
$669K
By yearFY2020–FY2024
Revenue
$169K
FY2022▼ -52%
Revenue by fiscal year
FY2020$146K
FY2021$353K
FY2022$169K
FY2023$202K
FY2024$253K
Expenses
$93K
FY2022▼ -5%
Expenses by fiscal year
FY2020$126K
FY2021$98K
FY2022$93K
FY2023$54K
FY2024$72K
Net assets
$669K
FY2022▼ -15%
Net assets by fiscal year
FY2020$821K
FY2021$784K
FY2022$669K
FY2023$906K
FY2024$1.2M

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $85K Management & general 9% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Andrean Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps fund school operations to keep tuition stable for quality religious education.

Provided by the organization

This section is blank until Andrean Foundation INC claims this page.

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1 program service account for $85K of program spending, described in the organization's own filed words · FY2022.
01

To assist in defraying the operating budget of the school and stabilize tuition charges in order to provide a quality religious-oriented education

$85Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$96K
Grants paid · 5 grants · $386K · 2020–2024
Andrean High SchoolFY2024$48,000
Andrean High SchoolFY2023$42,000
Andrean High SchoolFY2022$85,000
Andrean High SchoolFY2021$85,675
Andrean High SchoolFY2020$125,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$169K
Ln 12
Investment incomeLn 3$88K
Gifts and grantsLn 1h$81K
Other incomeLn 4–11$26
Money outPt IX
$93K
Ln 25
Programscol B$85K
Managementcol C$8K
Owns and owesPt X
$669K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$765K
LiabilitiesLn 26$96K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81K
Investment incomeLn 3$88K
Other incomeLn 4–11$26
Gains on assetsLn 7$47K
Total revenueLn 12$169K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$59K
Cash and savings togetherLn 1–2$66K
InvestmentsLn 11–13$698K
Total assetsLn 16$765K
LiabilitiesLn 26$96K
Net assetsLn 32$669K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$320K$66K
InvestmentsLn 11–13$559K$698K
Total assetsLn 16$879K$765K
LiabilitiesLn 26$96K$96K
Net assetsLn 32$784K$669K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$85K$85K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$7K$7K
Total functional expensesLn 25$93K$85K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $253K$72K$181K$1.2M 990 PDF
FY2023 $202K$54K$148K$906K 990 PDF
FY2022 Viewing $169K$93K$76K$669K 990 PDF
FY2021 $353K$98K$256K$784K 990 PDF
FY2020 $146K$126K$20K$821K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $168,554 across 6 lines filed
VIII-1f All other contributions, gifts and grants$80,841
VIII-1h Total contributions, gifts and grants$80,841
VIII-3 Investment incomeExcluded from tax $40,717$40,717
VIII-7 Net gain or loss on sales of assetsExcluded from tax $46,970$46,970
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26$26
VIII-12 Total revenueRelated to mission $26 · Unrelated business $0 · Excluded from tax $87,687$168,554
Part IX · Statement of functional expenses $92,904 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $85,000$85,000
IX-11c Accounting feesManagement $1,375$1,375
IX-11g Other fees for servicesManagement $6,529$6,529
IX-25 Total functional expensesPrograms $85,000 · Management $7,904 · Fundraising $0$92,904
Part X · Balance sheet $764,634 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $88,921$7,134
X-2 Savings and temporary cash investmentsStart of year $231,012$59,087
X-12 Other securitiesStart of year $559,136$698,413
X-16 Total assetsStart of year $879,069$764,634
X-25 Other liabilitiesStart of year $95,500$95,500
X-26 Total liabilitiesStart of year $95,500$95,500
X-32 Total net assets or fund balancesStart of year $783,569$669,134
X-33 Total liabilities and net assetsStart of year $879,069$764,634
Part XI · Reconciliation of net assets $669,134 net assets at year end
XI-1 Total revenue$168,554
XI-2 Total expenses$92,904
XI-3 Revenue less expenses$75,650
XI-4 Net assets at start of year$783,569
XI-5 Net unrealized gains (losses) on investments−$190,085
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$669,134

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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