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CATHOLIC EDUCATION SCHOLARSHIP TR: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CATHOLIC EDUCATION SCHOLARSHIP TR (EIN 36-7632823)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-07-07
IRS object ID
202211889349300201
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-07-07T06:11:28-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861065772PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Deloitte Tax LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1111 Monument Circle Suite 4200AddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN367632823EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Catholic Education Scholarship TrustBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCATHBusinessNameControlTxt
Phone3126306948PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 S LaSalle StAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNorthern Trust CoPersonNm
Person TitleTrusteePersonTitleTxt
Phone3125345266PhoneNum
Signature2022-07-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNorthernPersonFirstNm
Person LastTrust CoPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D FrankPreparerPersonNm
PTINP00287234PTIN
Phone3174648600PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPaul ManninoPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1835 N Rush StreetAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,003,129GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Group Exemption0928GroupExemptionNum
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation2013FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionProvide scholarships to children in Catholic schools listed in the Official Catholic Directory for the Archdiocese of Chicago.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,823,620PYContributionsGrantsAmt
CY Contributions Grants$1,231,475CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$393,435PYInvestmentIncomeAmt
CY Investment Income$4,791,631CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,217,055PYTotalRevenueAmt
CY Total Revenue$6,023,106CYTotalRevenueAmt
PY Grants And Similar Paid$1,362,530PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,866,545CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$522,888PYOtherExpensesAmt
CY Other Expenses$568,489CYOtherExpensesAmt
PY Total Expenses$1,885,418PYTotalExpensesAmt
CY Total Expenses$2,435,034CYTotalExpensesAmt
PY Revenues Less Expenses$3,331,637PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,588,072CYRevenuesLessExpensesAmt
Total Assets BOY$54,648,444TotalAssetsBOYAmt
Total Assets EOY$69,768,102TotalAssetsEOYAmt
Total Liabilities BOY$159,996TotalLiabilitiesBOYAmt
Total Liabilities EOY$160,672TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$54,488,448NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$69,607,430NetAssetsOrFundBalancesEOYAmt
MissionProvide scholarships to children in Catholic schools listed in the Official Catholic Directory for the Archdiocese of Chicago.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,866,545ExpenseAmt
Grant$1,866,545GrantAmt
DescCatholic Education Scholarship Trust is an independent entity designed to provide scholarships to children to attend eligible elementary and secondary schools that are listed in the Official Catholic Directory for the Archdiocese of Chicago.Desc
Total Program Service Expenses$1,866,545TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PAUL MANNINOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3125348393PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1835 N Rush StreetAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtInstitutional TrusteeInstitutionalTrusteeInd
Most Reverend Cardinal Cupich
Board Member1.000.00Yes (X)$0$0$0
Very Reverend Ronald Hicks
Board Member (End 9/2020)1.000.00Yes (X)$0$0$0
Mary Patricia Burns
Board Member1.000.00Yes (X)$0$0$0
Edward L Hocter
Board Member1.000.00Yes (X)$0$0$0
Dr Jim Rigg
Board Member1.000.00Yes (X)$0$0$0
Mr Kevin Speicher
Board Member1.000.00Yes (X)$0$0$0
Most Reverend Robert Casey
Board Member (Start 9/2020)1.000.00Yes (X)$0$0$0
Northern Trust Co
Trustee1.000.00$152,275$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$152,275TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,231,475AllOtherContributionsAmt
Total Contributions$1,231,475TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$644,416TotalRevenueColumnAmt
Exclusion$644,416ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$7,127,238SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,980,023SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$4,147,215SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,147,215TotalRevenueColumnAmt
Exclusion$4,147,215ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,023,106TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,791,631ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,866,545TotalAmt
Program Services$1,866,545ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$207,265TotalAmt
Management And General$207,265ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,885TotalAmt
Management And General$16,885ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$325,936TotalAmt
Management And General$325,936ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$18,403TotalAmt
Management And General$18,403ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,435,034TotalAmt
Program Services$1,866,545ProgramServicesAmt
Management And General$568,489ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,397,219BOYAmt
EOY$715,543EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,229,039BOYAmt
EOY$1,307,957EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$33,344,202BOYAmt
EOY$34,898,074EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$17,677,984BOYAmt
EOY$32,846,528EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$54,648,444BOYAmt
EOY$69,768,102EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$159,996BOYAmt
EOY$160,672EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$159,996BOYAmt
EOY$160,672EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$54,488,448BOYAmt
EOY$69,607,430EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$54,488,448BOYAmt
EOY$69,607,430EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$54,648,444BOYAmt
EOY$69,768,102EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,588,072ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$11,530,910NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,548,812CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,743,296CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,437,025CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,823,620CurrentTaxYearMinus1YearAmt
Current Tax Year$1,231,475CurrentTaxYearAmt
Total$34,784,228TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,548,812CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,743,296CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,437,025CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,823,620CurrentTaxYearMinus1YearAmt
Current Tax Year$1,231,475CurrentTaxYearAmt
Total$34,784,228TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,345,607SubstantialContributorsTotAmt
Public Support Total170$33,438,621PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$344,169CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,140,199CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$752,455CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,048,693CurrentTaxYearMinus1YearAmt
Current Tax Year$644,416CurrentTaxYearAmt
Total$3,929,932TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$182,477CurrentTaxYearMinus4YearsAmt
Total$182,477TotalAmt
FieldValueIRS element (for citing)
Total Support$38,896,637TotalSupportAmt
Public Support CY1700.85970PublicSupportCY170Pct
Public Support PY1700.84410PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,441,000BeginningYearBalanceAmt
End Year Balance$1,441,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,441,000BeginningYearBalanceAmt
End Year Balance$1,441,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,278,000BeginningYearBalanceAmt
Contributions$163,000ContributionsAmt
End Year Balance$1,441,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,431,000BeginningYearBalanceAmt
Contributions-$153,000ContributionsAmt
End Year Balance$1,278,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,431,000BeginningYearBalanceAmt
End Year Balance$1,431,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescMarketable Alternative EquityDesc
Book Value$32,846,528BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$32,846,528TotalBookValueOtherAssetsAmt
Total Rev Etc Audited Fincl Stmt$17,554,016TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$11,530,910NetUnrealizedGainsInvstAmt
Revenue Not Reported$11,530,910RevenueNotReportedAmt
Revenue Subtotal$6,023,106RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,023,106TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,435,034TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,435,034ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,435,034TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart V, Line 4:FormAndLineReferenceDesc
ExplanationCEST endowments include two individual funds established for a specific scholarship purpose. All endowment net assets are permanently restricted based on donor restrictions.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionCAYMAN ISLANDSRegionTxt
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConductedTxt
Region Total Expenditures$4,776,811RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$4,776,811SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$4,776,811TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart III Accounting Method:FormAndLineReferenceDesc

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CATHOLIC BISHOP OF CHICAGOBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1835 NORTH RUSH STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Recipient EIN362170826RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$1,866,545CashGrantAmt
Purpose Of GrantScholarshipsPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationCatholic Education Scholarship Trust makes grants to the Catholic Bishop of Chicago for allocation to affiliated schools or parishes. Scholarships are awarded to students attending such schools as directed by the principals of the school or parish. Catholic Education Scholarship Trust maintains contacts with the grantees through the performance of its exempt purpose.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2Most Reverend Cardinal Cupich, Most Reverend Robert Casey and Dr. Jim Rigg have a business relationship due to employment at The Catholic Bishop of Chicago.
Form 990, Part VI, Section B, line 11bCatholic Education Scholarship Trust works diligently with an accounting firm to complete the Form 990 and attached schedules in a thorough manner. Prior to filing, the return was not reviewed by the Board Members.
Form 990, Part VI, Section B, line 12cThe CEST Trust Boards Members sign a Conflict of Interest Statement that says that "It is the responsibility of each Member to bring to the attention of the Trust Board and disclose to the Trust Board the relevant circumstances surrounding any known or likely direct or indirect interest in a transaction or other conflict of interest affecting that Member in relation to the Trust, the Trust Board or any Delegation Committee, whether or not the Member is also a member of such Delegation Committee. If a conflict of interest later becomes known or likely, the affected Member will promptly disclose the circumstances giving rise to such conflict of interest by written notice to the Trust Board." The CEST Trust Board Members will investigate any allegations or appearances of conflict of interests and take appropriate action based on their findings.
Form 990, Part VI, Section C, line 19The organization will provide any document open to public inspection upon written request or in person under federal tax law.

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