Stephen Breen Memorial Foundation INC FY2020 filing

Tax-deductible

Fort Worth, TX501(c)(3)EducationEIN 35-2238435

The foundation provides financial aid to children who seek the strength and values of a catholic education and to those children and their families who are afflicted by cancer.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $55K a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
53 mo
of spending, in cash
Looks good: 53.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $74K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$277K
Spent
$252K
To programs
99%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$277K
FY2020
Revenue by fiscal year
FY2020$277K
FY2021$208K
FY2022$246K
FY2023$295K
FY2024$348K
FY2025$399K
Expenses
$252K
FY2020
Expenses by fiscal year
FY2020$252K
FY2021$196K
FY2022$171K
FY2023$245K
FY2024$252K
FY2025$331K
Net assets
$1.1M
FY2020
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2025$1.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Sep 2005.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $248K Management & general 1% · $4K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Stephen Breen Memorial 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 2Yes

Programs and updates

Helps children access Catholic education and supports families battling cancer.

Provided by the organization

This section is blank until Stephen Breen Memorial Foundation INC claims this page.

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2 program services account for $248K of program spending, described in the organization's own filed words · FY2020.
01

The foundation provides financial aid to local children who seek the strength and values of a Catholic education. During 2020, educational grants were provided to around 296 students.

$236Kprogram expense
02

The foundation provides financial aid to those courageous children and their families whose lives are afflicted by cancer. During 2020, cancer aid was provided to 10 people.

$11Kprogram 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
See all 8 funders →
Grants paid · 110 grants · $1.4M · 2020–2025
Nolan High SchoolTX · FY2025$120,196
Unitemized GrantFY2025$30,355
St Rita Catholic SchoolFY2025$15,134
Unitemized GrantFY2025$10,000
St Marys Catholic SchoolFY2025$10,000
St Joseph Catholic SchoolFY2025$10,000
St John the Apostle Catholic SchoolFY2025$10,000
St George Catholic SchoolFY2025$10,000
St Elizabeth Ann Seton Catholic SchFY2025$10,000
St Andrews Catholic SchoolTX · FY2025$10,000
Sacred Heart Catholic SchoolFY2025$10,000
Immaculate Conception Catholic SchoFY2025$10,000
Holy Trinity Catholic SchoolTX · FY2025$10,000
Holy Family Catholic SchoolFY2025$10,000
Cassata High SchoolTX · FY2025$10,000
See all 110 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$277K
Ln 12
Gifts and grantsLn 1h$259K
Investment incomeLn 3$19K
Money outPt IX
$252K
Ln 25
Programscol B$248K
Managementcol C$4K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Fundraising eventsLn 1c$78K
Investment incomeLn 3$19K
Gains on assetsLn 7$0
Total revenueLn 12$277K
Assets in detailPt X, end of year
CashLn 1$175K
SavingsLn 2$941K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$248K$248K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$848$848
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$252K$248K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $399K$331K$68K$1.4M 990 PDF
FY2024 $348K$252K$96K$1.4M 990 PDF
FY2023 $295K$245K$51K$1.3M 990 PDF
FY2022 $246K$171K$75K$1.2M 990 PDF
FY2021 $208K$196K$13K$1.1M 990 PDF
FY2020 Viewing $277K$252K$26K$1.1M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $277,494 across 8 lines filed
VIII-1c Fundraising events$77,899
VIII-1f All other contributions, gifts and grants$180,805
VIII-1h Total contributions, gifts and grants$258,704
VIII-3 Investment incomeExcluded from tax $18,790$18,790
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-12 Total revenueExcluded from tax $18,790$277,494
Part IX · Statement of functional expenses $251,574 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $247,918$247,918
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,600$1,600
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $848$848
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $1,208$1,208
IX-25 Total functional expensesPrograms $247,918 · Management $3,656 · Fundraising $0$251,574
Part X · Balance sheet $1,115,798 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $67,582$174,734
X-2 Savings and temporary cash investmentsStart of year $1,024,501$941,064
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,092,083$1,115,798
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,092,083$1,115,798
X-33 Total liabilities and net assetsStart of year $1,092,083$1,115,798
Part XI · Reconciliation of net assets $1,115,798 net assets at year end
XI-1 Total revenue$277,494
XI-2 Total expenses$251,574
XI-3 Revenue less expenses$25,920
XI-4 Net assets at start of year$1,092,083
XI-5 Net unrealized gains (losses) on investments−$2,205
XI-10 Net assets at end of year$1,115,798

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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