Aquinas High School Endowment Fund FY2023 filing

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Long-term funding of private education.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average deficit $11K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $6.6M in investments, Pt X · Ln 11–13
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
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
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$230K
-27% vs prior year
Spent
$289K
To programs
96%
Net assets
$6.7M
By yearFY2021–FY2025
Revenue
$230K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2021$419K
FY2022$314K
FY2023$230K
FY2024$228K
FY2025$250K
Expenses
$289K
FY2023▼ -0.5%
Tap a bar for its year
Expenses by fiscal year
FY2021$272K
FY2022$290K
FY2023$289K
FY2024$321K
FY2025$325K
Net assets
$6.7M
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$7.2M
FY2022$6.4M
FY2023$6.7M
FY2024$7.3M
FY2025$7.8M

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 Mar 1946.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $278K Management & general 4% · $11K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Chief Administrative Offic
$0Pt VII · Sec A
Bookkeeper
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aquinas High School Endowment Fund executive salaries →

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

Provides long-term funding for private education.

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1 program · $278K · in their own filed words · FY2022
01

Support to aquinas high school to defray costs of private education and transportation costs.

$278Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 5 grants · $1.1M · 2020–2024
Aquinas High SchoolFY2024$250,648
Aquinas High SchoolFY2023$251,363
Aquinas High SchoolFY2022$221,501
Aquinas High SchoolFY2021$212,775
Aquinas High SchoolFY2020$195,143

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$230K
Ln 12
Investment incomeLn 3$166K
Gifts and grantsLn 1h$57K
Other incomeLn 4–11$7K
Money outPt IX
$289K
Ln 25
Programscol B$278K
Managementcol C$11K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$6.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Investment incomeLn 3$166K
Other incomeLn 4–11$7K
Total revenueLn 12$230K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$76K
Cash and savings togetherLn 1–2$84K
InvestmentsLn 11–13$6.6M
Other assetsLn 15$97K
Total assetsLn 16$6.7M
LiabilitiesLn 26$0
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$6.7M$6.4M$7.2M$6.0M$5.5M
Given inLn 1b$64K$118K$218K$576K$863K
SpentLn 1d–1f$232K$220K$198K$171K$174K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$156K$84K
InvestmentsLn 11–13$6.1M$6.6M
Total assetsLn 16$6.4M$6.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.4M$6.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$222K$222K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$56K$56K
Office expensesLn 13$127$127
Total functional expensesLn 25$289K$278K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 25, 2026 $250K$325K−$76K$7.8M 990 PDF
FY2024Filed with the IRS Nov 15, 2024 $228K$321K−$93K$7.3M 990 PDF
FY2023 ViewingFiled with the IRS May 7, 2024 $230K$289K−$59K$6.7M 990 PDF
FY2022Filed with the IRS Feb 22, 2023 $314K$290K$23K$6.4M 990 PDF
FY2021Filed with the IRS Feb 16, 2022 $419K$272K$147K$7.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $230,010 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $117,784$57,099
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $195,138$166,356
I-11 Other revenuePrior year $674$6,555
I-12 Total revenuePrior year $313,596$230,010
I-13 Grants and similar amounts paidPrior year $212,775$221,501
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 $77,326$67,028
I-18 Total expensesPrior year $290,101$288,529
I-19 Revenue less expensesPrior year $23,495−$58,519
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $230,010 across 5 lines filed
VIII-1f All other contributions, gifts and grants$57,099
VIII-1h Total contributions, gifts and grants$57,099
VIII-3 Investment incomeExcluded from tax $166,356$166,356
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,555$6,555
VIII-12 Total revenueRelated to mission $6,555 · Unrelated business $0 · Excluded from tax $166,356$230,010
Part IX · Statement of functional expenses $288,529 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $221,501$221,501
IX-11c Accounting feesManagement $10,606$10,606
IX-11f Investment management feesPrograms $56,295$56,295
IX-13 Office expensesManagement $127$127
IX-25 Total functional expensesPrograms $277,796 · Management $10,733 · Fundraising $0$288,529
Part X · Balance sheet $6,735,618 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $63,695$7,160
X-2 Savings and temporary cash investmentsStart of year $92,029$76,495
X-11 Publicly traded securitiesStart of year $6,131,417$6,554,587
X-15 Other assetsStart of year $95,000$97,376
X-16 Total assetsStart of year $6,382,141$6,735,618
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year −$275,969−$142,667
X-28 Net assets with donor restrictionsStart of year $6,658,110$6,878,285
X-32 Total net assets or fund balancesStart of year $6,382,141$6,735,618
X-33 Total liabilities and net assetsStart of year $6,382,141$6,735,618
Part XI · Reconciliation of net assets $6,735,618 net assets at year end
XI-1 Total revenue$230,010
XI-2 Total expenses$288,529
XI-3 Revenue less expenses−$58,519
XI-4 Net assets at start of year$6,382,141
XI-5 Net unrealized gains (losses) on investments$411,996
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,735,618

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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