FOUNDATIONS IN EDUCATION INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
FOUNDATIONS IN EDUCATION INC (EIN 47-5130557)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-03-22
IRS object ID
202110819349301156
Schema version
2019v5.1
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)
Return2021-03-22T13:19:51-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Nanavaty Davenport Studley WhiteBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1123 South Main St Suite 140AddressLine1Txt
CityNewtownCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06470ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN475130557EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundations in Education IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL HANLON TREASURERInCareOfNm
Business Name ControlFOUNBusinessNameControlTxt
Phone2034161642PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1238 Jewett AvenueAddressLine1Txt
CityBridgeportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP066062845ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL HANLONPersonNm
Person TitletreasurerPersonTitleTxt
Phone2034161390PhoneNum
Signature2021-02-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGlenn J NanavatyPreparerPersonNm
PTINP00287986PTIN
Phone2034268500PhoneNum
Preparation2021-02-26PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL HANLONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1238 Jewett AvenueAddressLine1Txt
CityBridgeportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP066062845ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,426,515GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.foundationsineducation.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTo strengthen and transform the mission of Catholic education in the Diocese of Bridgeport.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$12,098,342PYContributionsGrantsAmt
CY Contributions Grants$5,149,697CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$17,159PYInvestmentIncomeAmt
CY Investment Income$667,575CYInvestmentIncomeAmt
PY Other Revenue$30,563PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$12,146,064PYTotalRevenueAmt
CY Total Revenue$5,817,272CYTotalRevenueAmt
PY Grants And Similar Paid$4,251,780PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,545,129CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$346,879PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$355,293CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$119,545CYTotalFundraisingExpenseAmt
PY Other Expenses$92,017PYOtherExpensesAmt
CY Other Expenses$123,093CYOtherExpensesAmt
PY Total Expenses$4,690,676PYTotalExpensesAmt
CY Total Expenses$5,023,515CYTotalExpensesAmt
PY Revenues Less Expenses$7,455,388PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$793,757CYRevenuesLessExpensesAmt
Total Assets BOY$17,853,034TotalAssetsBOYAmt
Total Assets EOY$30,835,511TotalAssetsEOYAmt
Total Liabilities BOY$2,506,270TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,979,856TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,346,764NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$27,855,655NetAssetsOrFundBalancesEOYAmt
MissionTO STRENGTHEN AND TRANSFORM THE MISSION OF CATHOLIC EDUCATION IN THE DIOCESE OF BRIDGEPORT.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$4,699,318ExpenseAmt
DescDevelopment and planning of programs to strengthen and transform the mission of Catholic education in the Diocese of Bridgeport by supporting innovation in academic and extra-curriculum programs, fostering opportunities for the professional development of school leaders and providing scholarship assistance to families in need.Desc
Total Program Service Expenses$4,699,318TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMICHAEL HANLON TREASURERPersonNm
Phone2034161390PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1238 JEWETT AVENUEAddressLine1Txt
CityBridgeportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP066062845ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Michael Hanlon
Treasurer1.050.0Yes (X)Yes (X)$0$199,032$10,460
Anne O McCrory
Secretary1.050.0Yes (X)Yes (X)$0$175,623$8,781
Holly Doherty-Lemoine
Executive Director60.00.0Yes (X)$144,142$0$4,324
Thomas E McInerney
Chairman5.00.0Yes (X)$0$0$0
R Bradford Evans
Trustee1.00.0Yes (X)$0$0$0
Dr Julia McNamara
Trustee1.00.0Yes (X)$0$0$0
Bernard Reidy
Trustee1.00.0Yes (X)$0$0$0
Michael Shea
Trustee1.00.0Yes (X)$0$0$0
Lawrence Kudlow
Trustee1.00.0Yes (X)$0$0$0
David Cappiello
Trustee1.00.0Yes (X)$0$0$0
Gerard Robilotti
Trustee1.00.0Yes (X)$0$0$0
Robert Scinto
Trustee1.00.0Yes (X)$0$0$0
Joseph Purcell
Trustee1.00.0Yes (X)$0$0$0
George Coleman
Trustee1.00.0Yes (X)$0$0$0
Andrea Maldon
Trustee1.00.0Yes (X)$0$0$0
Sister Mary Grace Wals
Trustee1.00.0Yes (X)$0$0$0
Leslie Lopez
Trustee1.00.0Yes (X)$0$0$0
Michele Mitola
Trustee1.00.0Yes (X)$0$0$0
Tim Fitzpatrick
Trustee1.00.0Yes (X)$0$0$0
Jennifer St Victor - d
Trustee1.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$144,142TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$374,655TotReportableCompRltdOrgAmt
Total Other Compensation$23,565TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Related Organizations$1,439,945RelatedOrganizationsAmt
All Other Contributions$3,709,752AllOtherContributionsAmt
Noncash Contributions$40,550NoncashContributionsAmt
Total Contributions$5,149,697TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$215,963TotalRevenueColumnAmt
Exclusion$215,963ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$8,060,855SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$7,609,243SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$451,612SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$451,612TotalRevenueColumnAmt
Exclusion$451,612ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,817,272TotalRevenueColumnAmt
Exclusion$667,575ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,545,129TotalAmt
Program Services$4,545,129ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$150,000TotalAmt
Program Services$51,875ProgramServicesAmt
Management And General$49,464ManagementAndGeneralAmt
Fundraising$48,661FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$205,293TotalAmt
Program Services$78,466ProgramServicesAmt
Management And General$83,185ManagementAndGeneralAmt
Fundraising$43,642FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,250TotalAmt
Management And General$12,250ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$24,089TotalAmt
Management And General$20,789ManagementAndGeneralAmt
Fundraising$3,300FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,221TotalAmt
Management And General$4,471ManagementAndGeneralAmt
Fundraising$750FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,886TotalAmt
Management And General$6,886ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,817TotalAmt
Fundraising$7,817FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
MISCELLANEOUS EXPENSES$1,531$1,531
OTHER EVENTS$30,287$14,912$15,375
PRINTING$31,412$22,476$8,936
PROFESSIONAL DEVELOPMENT$3,600$3,600

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,023,515TotalAmt
Program Services$4,699,318ProgramServicesAmt
Management And General$204,652ManagementAndGeneralAmt
Fundraising$119,545FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,014,347BOYAmt
EOY$7,004,932EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,914,509BOYAmt
EOY$6,276,189EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$924,011BOYAmt
EOY$17,543,735EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$167BOYAmt
EOY$10,655EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$17,853,034BOYAmt
EOY$30,835,511EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$39,820BOYAmt
EOY$24,471EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$137,502EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$34,166EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$63,717EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,466,450BOYAmt
EOY$2,720,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,506,270BOYAmt
EOY$2,979,856EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,288,683BOYAmt
EOY$1,095,482EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,058,081BOYAmt
EOY$26,760,173EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,346,764BOYAmt
EOY$27,855,655EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,853,034BOYAmt
EOY$30,835,511EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$793,757ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$696,559NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$12,411,693OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

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$343,690CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,205,213CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,590,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,098,342CurrentTaxYearMinus1YearAmt
Current Tax Year$5,149,697CurrentTaxYearAmt
Total$25,387,823TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$343,690CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,205,213CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,590,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,098,342CurrentTaxYearMinus1YearAmt
Current Tax Year$5,149,697CurrentTaxYearAmt
Total$25,387,823TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$25,387,823PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,473CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,159CurrentTaxYearMinus1YearAmt
Current Tax Year$215,782CurrentTaxYearAmt
Total$247,414TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$59,560CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$122,951CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$107,820CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$97,500CurrentTaxYearMinus1YearAmt
Total$387,831TotalAmt
FieldValueIRS element (for citing)
Total Support$26,023,068TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

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

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Contributions$16,329,060ContributionsAmt
Investment Earnings Or Losses-$16,241InvestmentEarningsOrLossesAmt
Grants Or Scholarships$400,000GrantsOrScholarshipsAmt
End Year Balance$15,912,819EndYearBalanceAmt
FieldValueIRS element (for citing)
CY Minus3 Yr Endwmt FundCYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt FundCYMinus4YrEndwmtFundGrp
Prmnnt Endowment Balance EOY0.88000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.12000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
LandLandGrp
BuildingsBuildingsGrp
Leasehold ImprovementsLeaseholdImprovementsGrp
EquipmentEquipmentGrp
Other Land BuildingsOtherLandBuildingsGrp
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSCHOLARSHIPS PAYABLEDesc
Amt$2,720,000Amt
FieldValueIRS element (for citing)
Total Liability$2,720,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,120,713TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$696,559NetUnrealizedGainsInvstAmt
Revenue Not Reported-$696,559RevenueNotReportedAmt
Revenue Subtotal$5,817,272RevenueSubtotalAmt
Total Revenue Per Form990$5,817,272TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,023,515TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$5,023,515ExpensesSubtotalAmt
Total Expenses Per Form990$5,023,515TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2FormAndLineReferenceDesc
ExplanationThe organization recognizes the benefits of income tax positions only if those positions are more likely than not of being sustained. The organization is subject to routine audits by the Internal Revenue Service. There are currently no audits for any tax periods since inception.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (26 entries)

Recipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Immaculate High School Inc
061353635$112,899Grants
Kolbe Cathedral High School Inc
061560971$279,289Scholarships
Notre Dame Catholic High School Inc
061083785$183,761Grants
St Joseph's High School Inc
061560973$124,540Scholarships
Trinity Catholic High School Inc
061560972$95,920Scholarships/Grants
All Saints Catholic School LLC
371762513$288,523Scholarships/Grants
St Aloysius School LLC
383937060$91,500Scholarships
Assumption Catholic School LLC
364791049$203,179Scholarships
Catholic Academies of Bridgeport
473496968$436,726Scholarships
St Catherine of Siena School LLC
371762507$74,041Scholarships/Grants
Greenwich Catholic Elementary School LLC
472453146$135,390Scholarships/Grants
Our Lady of Fatima School LLC
300837352$41,286Scholarships
St Gregory the Great School LLC
320445975$75,150Scholarships/Grants
St James School LLC
300837347$212,942Scholarships
St Joseph School Danbury LLC
383937057$155,323Scholarships/Grants
St Mark School LLC
300838469$98,749Scholarships/Grants
St Mary School Bethel LLC
320445968$182,141Scholarships/Grants
St Mary School Ridgefield LLC
300837336$130,923Scholarships/Grants
St Peter School LLC
611742811$417,831Scholarships/Grants
St Rose of Lima School LLC
383937045$45,803Scholarships/Grants
St Theresa School LLC
371762499$291,723Scholarships
St Thomas Aquinas Catholic School
364791031$154,473Scholarships/Grants
Catholic Academy of Stamford Inc
820887319$110,474Scholarships/Grants
Holy Trinity Catholic Academy Inc
820896214$30,062Scholarships/Grants
Office of School Superintendent - Dio of Bpt
060737923$558,052Scholarships/grants
Cardinal Kung Academy
841971032$11,500Scholarships/grants

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, line 2FormAndLineReferenceDesc
ExplanationThe Bishop Scholarship Fund Distribution Committee and the Innovation and Leadership Grants Committee have written policies and procedures that they follow to govern the scholarship and grant processes. Policies and procedures outline eligibility, applications, scholarship and grant amounts, notification, acceptance and timing of distribution.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
Michael Hanlon
Treasurer$199,032$10,460$209,492
Anne O McCrory
Secretary$175,623$8,781$184,404

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp
Clothing And Household GoodsClothingAndHouseholdGoodsGrp
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution7ContributionCnt
Noncash Contributions Rpt F990$40,550NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp
Food InventoryFoodInventoryGrp
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceForm 990FormAndLineReferenceDesc
ExplanationPart VI, Line 6 - Classes of members or stockholders Members, as the organization is a not-for-profit, Connecticut non-stock corporation. Part VI, Line 7A - Election of members and their rights Members elect trustees of the corporation. Part VI, Line 7B - Decisions subject to approval of members Certain actions of the Board are subject to the members' approval. Part VI, Line 11B - organization's process to review form 990 The completed form 990 was provided to the organization's trustees for their review and comments prior to filing. Part VI, Line 12C - Monitoring and enforcing compliance Annual written declarations were signed by trustees and officers, and monitored by the Board. Part VI, Line 19 - Governing documents disclosure explanation Governing documents, conflict of interest policies, and financial statements are made available for inspection upon request. Part XI, Line 9 - Other changes in net assets or fund balances Transfer of net assets from Foundations in Faith, Inc.ExplanationTxt

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Bridgeport Roman Catholic Diocesan CorpBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1238 Jewett AveAddressLine1Txt
CityBridgeportCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06606ZIPCd
FieldValueIRS element (for citing)
EIN060737923EIN
Primary ActivitiesReligiousPrimaryActivitiesTxt
Legal Domicile StateCTLegalDomicileStateCd
Exempt Code Section501(c)3ExemptCodeSectionTxt
Public Charity Status01PublicCharityStatusTxt
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

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