2014-11-04T15:53:40-06:00 2014-06-30 383541290 SCHAFFER & LAYHER PLLC 805 VAN BRUNT ST JOSEPH MI 49085 990 2013-07-01 237129409 TWIN-CITY AREA CATHOLIC SCHOOL FUND INC TWIN 2699211410 515 SHIP STREET NO 209 ST JOSEPH MI 49085 JOHN CURTIS PRESIDENT 2698613108 2014-11-04 1 DAVID A SCHAFFER CPA P00736158 2699830131 2014-11-04 2013 2015-11-30 17:44:51Z JOHN CURTIS 515 SHIP ST ST JOSEPH MI 49085 1181454 0 X N/A X 1972 MI SUPPORT OF AREA CATHOLIC SCHOOLS AND STUDENTS 9 9 0 42 0 0 44956 43040 0 0 190902 253502 0 38 235858 296580 158526 216177 0 0 0 0 0 0 0 43509 44804 202035 260981 33823 35599 4116337 4547132 0 910 4116337 4546222 SUPPORT OF AREA CATHOLIC SCHOOLS AND STUDENTS 0 0 218297 216177 LAKE MICHIGAN CATHOLIC SCHOOLS - A LOCAL CATHOLIC SYSTEM 218297 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MI X FUND OFFICE 2699211410 515 SHIP STREET SUITE 209 ST JOSEPH MI 49085 X ELAINE THEISEN SECRETARY/TREASURER 2.00 X X 0 0 0 KURT MARZKE DIRECTOR 2.00 X 0 0 0 JOE GIANNOLA DIRECTOR 2.00 X 0 0 0 MARK MILLER DIRECTOR 2.00 X 0 0 0 JOHN CURTIS PRESIDENT 2.00 X X 0 0 0 PAUL LANDECK DIRECTOR 2.00 X 0 0 0 ANTHONY MONTE DIRECTOR 2.00 X 0 0 0 JOHN PROOS DIRECTOR 2.00 X 0 0 0 SARA JOLLAY DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 43040 43040 83938 83938 1054438 884874 169564 169564 169564 CLASS ACTION LAWSUIT 525990 38 38 38 296580 38 0 253502 216177 216177 13500 13500 767 767 1592 1353 239 INVESTMENT FEES 28584 28584 PRINTING AND POSTAGE 361 361 260981 218297 42684 0 56020 37213 150969 103972 17650 10550 11042 11042 0 0 3764203 4247036 127495 148361 4116337 4547132 910 0 910 X 1846295 2242790 702839 732335 1567203 1571097 4116337 4546222 4116337 4547132 X 35599 373420 20866 X X 0 1 X 1 0 X 36132 8388 38982 44956 50140 178598 36132 8388 38982 44956 50140 178598 35278 143320 65170 73421 79038 89135 83938 390702 37 37 569337 0.25170 0.26090 X THE ORGANIZATION ACTIVELY SOLICITS SUPPORT FROM THE PUBLIC. SUPPORT TENDS TO BE CYCLICAL WITH VARIOUS FUNDRAISING TYPE EFFORTS. IN 2013, THE PUBLIC SUPPORT PERCENTAGE WAS 25.17%. WELL ABOVE THE 10 % LIMITATION. THIS IS CONSISTENT WITH OTHER ORGANIZATIONS SIMILAR TO TWIN CITY AREA CATHOLIC SCHOOL FUND. THE PUBLIC SUPPORT IS LOW BECAUSE IT RECEIVES A HIGH PERCENTAGE OF ITS SUPPORT FROM INVESTMENT INCOME ON ITS ENDOWMENT FUNDS. THE ENDOWMENTS WERE CONTRIBUTED BY THE GENERAL PUBLIC FOR THE ORGANIZATION'S PERPETUITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3176707 8404 219312 -62437 3466860 3035492 8535 166824 -34144 3176707 3075549 10430 -4313 -46174 3035492 2856146 -45097 264500 3075549 2915971 14919 -74744 2856146 0 0 11042 11042 0 0 X 667442 373420 5160 20866 399446 267996 28584 28584 296580 237557 5160 5160 232397 28584 28584 260981 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENTS ARE USED TO SUPPORT SCHOLARSHIP PROGRAMS AND OPERATING EXPENSES FOR THE LAKE MICHIGAN CATHOLIC SCHOOLS IN SOUTHWESTERN MICHIGAN. PART X, LINE 2: THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS UNDER FIN 48. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST - FASB 136 1 LAKE MICHIGAN CATHOLIC SCHOOLS 915 PLEASANT STREET ST JOSEPH MI 49085 381889005 501(C)(3) 202177 FMV EDUCATION PART I, LINE 2: ONCE THE TWIN-CITY AREA CATHOLIC SCHOOL FUND HAS THE ANNUAL BUDGET COMPLETED AND APPROVED, THE TREASURER COMPLETES THE GRANT FORMULA BASED ON THE STRICT PROVISIONS OF ALL FUNDS (RESTRICTED, UNRESTRICTED, ENDOWMENT, ETC.) FOR CALCULATING THE PROPOSED GRANT TO THE SCHOOL. THE BOARD REVIEWS THE GRANT FORMULA IN LATE JANUARY-EARLY FEBRUARY AND DISCUSSES AND APPROVES THE GRANT AT THE BOARD MEETING IN FEBRUARY. THEY COMPLETE THE GRANT FORMULA AND APPROVE IT AT THIS TIME OF YEAR SO THEY CAN COMMUNICATE THE GRANT AMOUNT TO THE SCHOOL BY EARLY MARCH IN TIME FOR LAKE MICHIGAN CATHOLIC SCHOOLS TO COMPLETE THEIR BUDGET FOR THE UP-COMING SCHOOL YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE ASSOCIATION'S 990 IS PREPARED BY THEIR INDEPENDENT ACCOUNTANTS. BOTH A DRAFT AND/OR "PDF" VERSION OF THE RETURN IS PROVIDED TO THE ASSOCIATION'S PRESIDENT AND FINANCE COMMITTEE FOR REVIEW. THIS COMMITTEE ACTS ON BEHALF OF THE GOVERNING BOARD AND GIVES FINAL APPROVAL FOR THE FILING OF THE 990 BY EITHER MAIL OR ELECTRONICALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AT ITS OFFICES. THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST - FASB 136 20,866. FORM 990; PART XI; LINE 2C THE ORGANIZATION'S EXECUTIVE COMMITTEE OF THE GOVERNING BOARD IS RESPONSIBLE FOR THE HIRING OF THE INDEPENDENT AUDITORS AND REVIEW AND FINAL APPROVAL OF ITS ANNUAL FINANCIAL STATEMENTS.