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Ursuline Foundation FY2021 filing

Tax-deductible

Blue Ash, OH501(c)(3)Since 1987EIN 31-1233054Revenue $1.1M in FY2021

On file with the IRS5535 Pfeiffer Rd, 45242-4813 · Blue Ash, OHTax-exempt since Jan 1989Supporting organization — 509(a)(3)

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Support Ursuline Academy of Cincinnati.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $355K a year · 30% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$510K
3% of total assets
Looks good: liabilities are 3% 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
$1.1M
×2025 vs prior year
Spent
$776K
To programs
85%
Net assets
$18.1M
By yearFY2020–FY2025
Revenue
$1.1M
FY2021▲ ×2025
Tap a bar for its year
Revenue by fiscal year
FY2020$565
FY2021$1.1M
FY2022$2.5M
FY2023$1.2M
FY2024$1.2M
FY2025$1.2M
Expenses
$776K
FY2021▲ +63%
Tap a bar for its year
Expenses by fiscal year
FY2020$477K
FY2021$776K
FY2022$834K
FY2023$946K
FY2024$840K
FY2025$1.2M
Net assets
$18.1M
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.2M
FY2021$18.1M
FY2022$16.0M
FY2023$16.9M
FY2024$18.7M
FY2025$20.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1989.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $660K Management & general 15% · $116K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Bill Hogan
Trustee
$0Pt VII · Sec A
Jerry Judd
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jennifer Morgan-Mccane
Director of Finance
$0Pt VII · Sec A
Ramona Payne
President
$0Pt VII · Sec A
See Ursuline Foundation 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

Fund educational programs and resources for Ursuline Academy of Cincinnati.

Questions for Ursuline Foundation

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Provided by the organization

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1 program · $660K · in their own filed words · FY2020
01

To provide support to the Ursuline Academy of Cincinnati, a college preparatory school for young women. The Foundation supports the expansion of the facilities as well as the entire student body by granting these funds.

$660Kprogram expense

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 · FY2020
Fidelity FoundationFY2020$200
Total grants receivedfrom 1 funder$200
Grants paid · 14 grants · $4.4M · 2019–2024
Ursuline Academy of CincinnatiOH · FY2024$925,539
Unitemized GrantFY2024$194,462
Unitemized GrantFY2024$3,000
Ursuline Academy of CincinnatiOH · FY2023$713,000
Ursuline Academy of CincinnatiOH · FY2022$688,000
Unitemized GrantFY2022$141,750
Unitemized GrantFY2022$4,000
Ursuline Academy of CincinnatiOH · FY2021$663,000
Unitemized GrantFY2021$47,250
Unitemized GrantFY2021$3,000
Ursuline Academy of CincinnatiOH · FY2020$582,000
Unitemized GrantFY2020$75,250
Unitemized GrantFY2020$2,500
Ursuline Academy of CincinnatiOH · FY2019$407,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Investment incomeLn 3$821K
Gifts and grantsLn 1h$323K
Money outPt IX
$776K
Ln 25
Programscol B$660K
Managementcol C$116K
Owns and owesPt X
$18.1M
net assets · Ln 32
Cash and savingsLn 1–2$319K
Total assetsLn 16$18.6M
LiabilitiesLn 26$510K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$323K
Noncash giftsLn 1g$95K
Investment incomeLn 3$821K
Gains on assetsLn 7$392K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$319K
Cash and savings togetherLn 1–2$319K
InvestmentsLn 11–13$18.1M
Other assetsLn 15$119K
Total assetsLn 16$18.6M
LiabilitiesLn 26$510K
Net assetsLn 32$18.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$16K$319K
InvestmentsLn 11–13$13.7M$18.1M
Total assetsLn 16$14.2M$18.6M
LiabilitiesLn 26$4K$510K
Net assetsLn 32$14.2M$18.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$582K$582K
Grants to domestic individualsLn 2$78K$78K
Investment management feesLn 11f$53K$53K
Other fees for servicesLn 11g$289$289
Other expenses (24a–d)Ln 24$62K$62K
Total functional expensesLn 25$776K$660K$116K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.2M−$48K$20.2M 990 PDF
FY2024 $1.2M$840K$356K$18.7M 990 PDF
FY2023 $1.2M$946K$228K$16.9M 990 PDF
FY2022 $2.5M$834K$1.7M$16.0M 990 PDF
FY2021 Viewing $1.1M$776K$369K$18.1M 990 PDF
FY2020 $565$477K−$476K$14.2M 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 FY2021 990 (6 parts)
Part I · Summary $1,144,292 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,141$323,165
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$104,576$821,127
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $565$1,144,292
I-13 Grants and similar amounts paidPrior year $408,000$659,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $68,762$116,009
I-18 Total expensesPrior year $476,762$775,759
I-19 Revenue less expensesPrior year −$476,197$368,533
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,144,292 across 6 lines filed
VIII-1f All other contributions, gifts and grants$323,165
VIII-1g Noncash contributions (included above)$94,572
VIII-1h Total contributions, gifts and grants$323,165
VIII-3 Investment incomeExcluded from tax $428,793$428,793
VIII-7 Net gain or loss on sales of assetsExcluded from tax $392,334$392,334
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $821,127$1,144,292
Part IX · Statement of functional expenses $775,759 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $582,000$582,000
IX-2 Grants to domestic individualsPrograms $77,750$77,750
IX-11f Investment management feesManagement $53,463$53,463
IX-11g Other fees for servicesManagement $289$289
IX-24 Other expenses (24a–d)Management $62,257$62,257
IX-25 Total functional expensesPrograms $659,750 · Management $116,009 · Fundraising $0$775,759
Part X · Balance sheet $18,630,795 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $16,294$318,737
X-3 Pledges and grants receivableStart of year $240,703$66,084
X-9 Prepaid expenses and deferred chargesStart of year $78,028$5,000
X-11 Publicly traded securitiesStart of year $13,739,968$18,121,931
X-15 Other assetsStart of year $107,619$119,043
X-16 Total assetsStart of year $14,182,612$18,630,795
X-17 Accounts payable and accrued expensesStart of year $3,700$509,951
X-26 Total liabilitiesStart of year $3,700$509,951
X-27 Net assets without donor restrictionsStart of year $110,820$346,477
X-28 Net assets with donor restrictionsStart of year $14,068,092$17,774,367
X-32 Total net assets or fund balancesStart of year $14,178,912$18,120,844
X-33 Total liabilities and net assetsStart of year $14,182,612$18,630,795
Part XI · Reconciliation of net assets $18,120,844 net assets at year end
XI-1 Total revenue$1,144,292
XI-2 Total expenses$775,759
XI-3 Revenue less expenses$368,533
XI-4 Net assets at start of year$14,178,912
XI-5 Net unrealized gains (losses) on investments$3,561,976
XI-9 Other changes in net assets$11,423
XI-10 Net assets at end of year$18,120,844

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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