Regina Foundation FY2022 filing

Tax-deductible

Iowa City, IA501(c)(3)Since 1975EducationEIN 51-0158837Revenue $988K in FY2022

On file with the IRSfoundation.regina.org2140 Rochester Ave, 52245-3527 · Iowa City, IATax-exempt since Mar 1946Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to enhance the financial strength of the Regina inter-parish catholic education center

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
3 of 6
filings with a surplus
Average surplus $12K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$760K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$988K
-61% vs prior year
Spent
$1.8M
To programs
86%
Net assets
$10.2M
By yearFY2020–FY2025
Revenue
$988K
FY2022▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$2.5M
FY2022$988K
FY2023$1.4M
FY2024$1.1M
FY2025$1.9M
Expenses
$1.8M
FY2022▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.0M
FY2021$2.3M
FY2022$1.8M
FY2023$1.5M
FY2024$1.3M
FY2025$1.2M
Net assets
$10.2M
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.1M
FY2021$12.4M
FY2022$10.2M
FY2023$10.6M
FY2024$11.4M
FY2025$13.2M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

86 cents of each dollar spent went to programs.

Program services 86% · $1.5M Management & general 6% · $113K Fundraising 7% · $129K

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

9 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Secr & Exec
$100,490Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kecia Boysen’s $100K as Past Secr & is at the 32nd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kecia Boysen$100,480$96,659$92,140$100,490$87,191$81,651

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Regina 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 15aYes

Programs and updates

Strengthens the finances of the Regina Inter-Parish Catholic Education Center.

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Provided by the organization

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3 programs · $763K · in their own filed words · FY2021
01

Allocations to or for regina education center to perpetuate the operation and maintain the quality of elementary and secondary education. Includes allocations for teacher salaries, tuition assistance, administrative position, and facilities.

$437Kprogram expense
02

Passthrough of designations to regina education center.

$284Kprogram expense
03

Scholarships for regina education students paid to regina education education center and institutions of higher learning.

$42Kprogram 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$18K
Grants paid · 22 grants · $10.4M · 2019–2024
Unitemized GrantFY2024$62,242
Unitemized GrantFY2023$62,715
Unitemized GrantFY2022$49,900
Unitemized GrantFY2021$41,500
Regina Catholic Education CenterIA · FY2020$1,016,901
Unitemized GrantFY2020$43,760
See all 22 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$988K
Ln 12
Gifts and grantsLn 1h$786K
Investment incomeLn 3$201K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.5M
Managementcol C$113K
Fundraisingcol D$129K
Owns and owesPt X
$10.2M
net assets · Ln 32
Cash and savingsLn 1–2$489K
Total assetsLn 16$10.9M
LiabilitiesLn 26$760K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$786K
Investment incomeLn 3$201K
Gains on assetsLn 7$6K
Total revenueLn 12$988K
Assets in detailPt X, end of year
CashLn 1−$48K
SavingsLn 2$537K
Cash and savings togetherLn 1–2$489K
InvestmentsLn 11–13$8.9M
Other assetsLn 15$754K
Total assetsLn 16$10.9M
LiabilitiesLn 26$760K
Net assetsLn 32$10.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$402K$489K
InvestmentsLn 11–13$10.5M$8.9M
Total assetsLn 16$13.3M$10.9M
LiabilitiesLn 26$909K$760K
Net assetsLn 32$12.4M$10.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Grants to domestic individualsLn 2$42K$42K
Other salaries and wagesLn 7$156K$68K$88K
Pension plan contributionsLn 8$5K$2K$3K
Other employee benefitsLn 9$14K$2K$11K
Payroll taxesLn 10$12K$5K$7K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$200$200
Office expensesLn 13$3K$2K$2K
Information technologyLn 14$10K$10K
OccupancyLn 16$7K$7K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$20K$3K$16K
All other expensesLn 24e$7K$2K$3K$2K
Total functional expensesLn 25$1.8M$1.5M$113K$129K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.2M$785K$13.2M 990 PDF
FY2024 $1.1M$1.3M−$170K$11.4M 990 PDF
FY2023 $1.4M$1.5M−$104K$10.6M 990 PDF
FY2022 Viewing $988K$1.8M−$785K$10.2M 990 PDF
FY2021 $2.5M$2.3M$291K$12.4M 990 PDF
FY2020 $4.1M$4.0M$56K$10.1M 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 FY2022 990 (6 parts)
Part I · Summary $987,688 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,356,369$786,333
I-9 Program service revenue$0
I-10 Investment incomePrior year $186,296$201,355
I-11 Other revenue$0
I-12 Total revenuePrior year $2,542,665$987,688
I-13 Grants and similar amounts paidPrior year $2,029,420$1,529,166
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $168,943$186,566
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $53,658$57,314
I-18 Total expensesPrior year $2,252,021$1,773,046
I-19 Revenue less expensesPrior year $290,644−$785,358
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $987,688 across 5 lines filed
VIII-1f All other contributions, gifts and grants$786,333
VIII-1h Total contributions, gifts and grants$786,333
VIII-3 Investment incomeExcluded from tax $195,816$195,816
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,539$5,539
VIII-12 Total revenueRelated to mission $5,539 · Excluded from tax $195,816$987,688
Part IX · Statement of functional expenses $1,773,046 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $1,487,666$1,487,666
IX-2 Grants to domestic individualsPrograms $41,500$41,500
IX-7 Other salaries and wagesManagement $68,085 · Fundraising $88,207$156,292
IX-8 Pension plan contributionsManagement $1,974 · Fundraising $2,628$4,602
IX-9 Other employee benefitsManagement $2,449 · Fundraising $11,316$13,765
IX-10 Payroll taxesManagement $5,181 · Fundraising $6,726$11,907
IX-11c Accounting feesManagement $7,600$7,600
IX-12 Advertising and promotionManagement $200$200
IX-13 Office expensesManagement $1,710 · Fundraising $1,504$3,214
IX-14 Information technologyManagement $9,729$9,729
IX-16 OccupancyManagement $6,886$6,886
IX-23 InsuranceManagement $2,947$2,947
IX-24 Other expenses (24a–d)Management $3,296 · Fundraising $16,435$19,731
IX-24e All other expensesPrograms $2,291 · Management $2,925 · Fundraising $1,791$7,007
IX-25 Total functional expensesPrograms $1,531,457 · Management $112,982 · Fundraising $128,607$1,773,046
Part X · Balance sheet $10,945,513 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $94,308−$47,700
X-2 Savings and temporary cash investmentsStart of year $307,575$536,948
X-3 Pledges and grants receivableStart of year $1,551,531$769,139
X-11 Publicly traded securitiesStart of year $10,478,958$8,933,601
X-15 Other assetsStart of year $903,181$753,525
X-16 Total assetsStart of year $13,335,557$10,945,513
X-17 Accounts payable and accrued expensesStart of year $5,763$6,494
X-19 Deferred revenueStart of year $903,181$753,525
X-26 Total liabilitiesStart of year $908,944$760,019
X-27 Net assets without donor restrictionsStart of year $1,221,331$1,001,220
X-28 Net assets with donor restrictionsStart of year $11,205,282$9,184,274
X-32 Total net assets or fund balancesStart of year $12,426,613$10,185,494
X-33 Total liabilities and net assetsStart of year $13,335,557$10,945,513
Part XI · Reconciliation of net assets $10,185,494 net assets at year end
XI-1 Total revenue$987,688
XI-2 Total expenses$1,773,046
XI-3 Revenue less expenses−$785,358
XI-4 Net assets at start of year$12,426,613
XI-5 Net unrealized gains (losses) on investments−$1,455,761
XI-10 Net assets at end of year$10,185,494

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

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