2013-03-12T13:44:19-05:00 2012-06-30 341463411 BARNES WENDLING CPAS INC 1350 EUCLID AVE SUITE 1400 CLEVELAND OH 441151830 990 2011-07-01 346608706 PM FOUNDATION INC PMFO 2169398330 4909 LORAIN AVENUE CLEVELAND OH 44102 SISTER MAUREEN DOYLE 2169398441 2013-02-16 1 JEFFREY D NEUMAN CPA P00410073 2165669000 2011 2016-03-07 17:11:31Z SISTER MAUREEN DOYLE 4909 LORAIN ROAD CLEVELAND OH 44102 4032053 0 X URBANCOMMUNITYSCHOOL.ORG X 1968 OH THE ORGANIZATION PROVIDES A QUALITY, INDIVIDUALIZED, CATHOLIC/CHRISTIAN EDUCATION TO CHILDREN ON CLEVELAND'S NEAR WEST SIDE, PRIMARILY TO THOSE WHO, OTHERWISE, MIGHT NOT HAVE ACCESS TO SUCH AN EDUCATION. 27 27 82 77 0 0 1811101 2992511 416081 379113 843406 340200 178443 38611 3249031 3750435 0 0 0 0 2408430 2529037 0 0 329845 910379 1059068 3318809 3588105 -69778 162330 21064577 20760783 216838 184838 20847739 20575945 THE ORGANIZATION PROVIDES A QUALITY, INDIVIDUALIZED, CATHOLIC/CHRISTIAN EDUCATION TO CHILDREN ON CLEVELAND'S NEAR WEST SIDE, PRIMARILY TO THOSE WHO OTHERWISE MIGHT NOT HAVE ACCESS TO SUCH AN EDUCATION. 0 0 2886288 337689 URBAN COMMUNITY SCHOOL STRIVES, IN COOPERATION WITH FAMILIES, TO GUIDE THE GROWTH AND DEVELOPMENT OF EACH CHILD: ACADEMICALLY, EMOTIONALLY, MORALLY, PHYSICALLY AND SPIRITUALLY. THE SCHOOL EMPHASIZES CONTINUOUS PROGRESS BY ENCOURAGING EACH CHILD TO ADVANCE AT HIS/HER OWN PACE TO ACHIEVE THEIR HIGHEST POTENTIAL. THE SCHOOL ENROLLS 444 STUDENTS. 117006 41424 PROVIDED AFTER SCHOOL CARE FOR STUDENTS 3003294 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 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 1 0 1 0 0 82 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 0 0 OH X SISTER MAUREEN DOYLE 2169398441 4909 LORAIN AVENUE CLEVELAND OH 44102 SANDRA M STARK 3.00 X 0 0 0 SISTER MAUREEN DOYLE 40.00 X 81750 0 0 DENNIS J BODZIONY 3.00 X 0 0 0 REV MARK A DINARDO 3.00 X 0 0 0 PRESTON HELLER JR 3.00 X 0 0 0 JOAN KIMMEL 3.00 X 0 0 0 JOSEPH MICELI 3.00 X 0 0 0 JEANNE M MULLIN 3.00 X 0 0 0 JENNIFER COLEMAN FLUKER 3.00 X 0 0 0 THOMAS A RICHLOVSKY 3.00 X 0 0 0 SUSAN B MURPHY 3.00 X 0 0 0 ALFONSO PENA SANCHEZ 3.00 X 0 0 0 REV ANTHONY J SCHUERGER 3.00 X 0 0 0 T SEAN SULLIVAN 3.00 X 0 0 0 DR PETER J TSIVITSE 3.00 X 0 0 0 SISTER ANGELITA ZAWADA 3.00 X 0 0 0 RICHARD H ZUCCA 3.00 X X 0 0 0 JOHN D SCHUBERT 3.00 X 0 0 0 LAUREN RICH FINE 3.00 X X 0 0 0 MOLLY SCHROEDER 3.00 X 0 0 0 NORA FRENCH 3.00 X 0 0 0 MARTIN J UHLE 3.00 X X 0 0 0 JOSEPH K JUSTER 3.00 X X 0 0 0 WILLIAM R KOEHLER 3.00 X 0 0 0 81750 0 0 0 0 0 0 0 300140 70917 934752 1686702 2992511 TUITION 611110 320700 320700 AFTER SCHOOL PROGRAM 611110 41424 41424 REGISTRATION 611110 16989 16989 379113 249802 249802 273385 182987 90398 90398 90398 111213 300140 98631 12582 12582 MISCELLANEOUS INCOME 611110 26029 26029 26029 3750435 405142 0 352782 81750 20437 61313 1910802 1719502 44150 147150 120271 104936 3203 12132 259072 228845 17112 13115 157142 142113 3708 11321 42900 42900 73080 73080 363129 363129 8056 8056 272462 272462 EDUCATIONAL PROGRAM EXP 114521 114521 FUNDRAISING EXPENSE 84814 84814 SUPPLIES 50376 50376 INSURANCE 25026 25026 24704 24704 3588105 3003294 254966 329845 40916 239373 11261000 2237246 9259133 9023754 11764528 11497656 21064577 20760783 216838 184838 216838 184838 X 9597903 10067171 3799471 3043586 7450365 7465188 20847739 20575945 21064577 20760783 X 162330 -434124 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 10702668 30350 -170499 488688 10073831 9191113 41356 1960211 490012 10702668 8442260 97250 1176939 525336 9191113 10202952 123400 -1358181 525911 8442260 0 0 471377 471377 10103521 1640095 8463426 686102 597151 88951 9023754 OTHER SECURITIES 11497656 F 11497656 OBLIGATION UNDER ANNUITY AGREEMENT 184838 184838 3750435 3588105 162330 -436316 2192 -434124 -271794 3316311 -436316 2192 -434124 3750435 0 3750435 3588105 0 3588105 0 3588105 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS ENDING JUNE 30, 2008 AND EARLIER BY TAXING AUTHORITIES IN JURISDICTIONS WHERE THE FOUNDATION HAS FILED RETURNS. THE FOUNDATION EVALUATES AT EACH BALANCE SHEET DATE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, TO DETERMINE THE NEED TO RECORD LIABILITIES FOR TAXES, PENALTIES, AND INTEREST. THE FOUNDATIONS POLICY IS TO RECORD INTEREST AND PENALTIES ON UNCERTAIN TAX PROVISIONS AS INCOME TAX EXPENSE. AS OF JUNE 30, 2012 AND 2011, THE FOUNDATION HAD NO ACCRUED TAXES, INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE FOUNDATION ESTIMATES THE UNRECOGNIZED TAX BENEFIT WILL NOT CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THIS POLICY IS PART OF THE WRITTEN PHILOSOPHY OF THE SCHOOL AND IS ONE OF THE REASONS FOR THE SCHOOL'S EXISTENCE. BENEFIT FALL 337040 300140 36900 16886 38984 1564 32999 5K RUN 22662 22662 1754 4 51651 51651 6444 411353 300140 111213 16886 38984 1564 41197 98631 12582 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE TREASURER OF THE BOARD, AUDIT COMMITTEE CHAIR, AND THE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOLLOWING PROCEDURE SHALL BE FOLLOWED FOR ANY CONTRACT, ACTION, OR TRANSACTION THAT AFFECTS OR IS BETWEEN THE PM FOUNDATION, INC. AND ONE OR MORE OF ITS TRUSTEES OR OFFICERS. INFORMATION REGARDING THE CONTRACT, ACTION OR TRANSACTION SHALL BE FORWARDED TO THE BOARD OF TRUSTEES NO MORE THAN THIRTY NOR LESS THAN FOURTEEN DAYS BEFORE THE MEETING AT WHICH THE ISSUE(S) ARE TO BE CONSIDERED. THE CONTRACT, ACTION OR TRANSACTION SHALL BE PLACED ON THE AGENDA AND DISCUSSED PRIOR TO THE VOTE. A QUORUM OF THE BOARD OF TRUSTEES MUST BE PRESENT AND THE TRUSTEE(S) AFFECTED BY THE CONTRACT, ACTION OR TRANSACTION MAY BE COUNTED FOR PURPOSES OF A QUORUM BUT MAY NOT TAKE PART IN ANY VOTE ON THE ISSUE(S) INVOLVED. ALL PARTIES TO THE CONTRACT, ACTION OR TRANSACTION SHALL BE INVITED TO ATTEND THE MEETING AT WHICH THE POTENTIAL CONFILCT OF INTEREST IS DISCUSSED AND SHALL MAKE A PRESENTATION ON THE ISSUE(S). BEFORE ANY CONTRACT, ACTION OR TRANSACTION IDENTIFIED AS A POETENTIAL CONFLICT OF INTEREST MAY BE ADOPTED BY THE BOARD OF TRUSTEES, IT MUST BE DETERMINED TO BE IN THE BEST INTEREST OF THE CORPORATION. A WRITTEN ACCOUNT OF THE ACTIVITY INVOLVING THE POTENTIAL CONFLICT OF INTEREST SHALL BE MADE AND KEPT AND INCORORATED IN THE MINUTES OF THE MEETING. TO THE EXTENT THAT CONFLICT OF INTEREST IS CONTINUING AND THE CONTRACT, ACTION OR TRANSACTION GOES BEYOND TWELVE MONTHS, THE FOREGOING PROCEDURE SHALL BE REPEATED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR RECEIVES AN ANNUAL REVIEW BY THE PRESIDENT OF THE BOARD. IN THIS REVIEW, ANNUAL COMPENSATION IS APPROVED AND DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY MADE AVAILABLE IN DIRECTOR'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -436,316. DONATED SERVICES AND USE OF FACILITIES: 2,192. TOTAL TO FORM 990, PART XI, LINE 5: -434,124. BASIS OF ACCOUNTING FORM 990, PART XI, LINE 1 THE FOUNDATION'S POLICY IS TO PREPARE ITS FINANCIAL STATEMENTS ON A MODIFIED CASH BASIS, WHICH INCLUDES RECORDING DEPRECIATION ON CAPITALIZED ASSETS. UNDER THIS BASIS, CERTAIN REVENUES AND THE RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED AND CERTAIN EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. ACCORDINGLY, THE CONSOLIDATED FINANCIAL STATEMENTS ARE NOT INTENDED TO BE PRESENTED IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. REVENUES AND NET ASSETS ARE PRESENTED ON THE BASIS OF UNRESTRICTED, TEMPORARILY RESTRICTED, AND PERMANENTLY RESTRICTED NET ASSETS. UNRESTRICTED NET ASSETS ARE ASSETS THAT ARE NOT RESTRICTED BY DONORS OR FOR WHICH RESTRICTIONS HAVE EXPIRED. UNRESTRICTED NET ASSETS INCLUDE BOARD DESIGNATED NET ASSETS WHICH ARE FUNDS DESIGNATED FOR PURPOSES OF AN OPERATING CASH RESERVE. TEMPORARILY RESTRICTED NET ASSETS - ENDOWMENT REPRESENTS EARNINGS FROM DONOR RESTRICTED ENDOWMENT CONTRIBUTIONS THAT HAVE NOT BEEN APPROPRIATED BY THE BOARD OF DIRECTORS. TEMPORARILY RESTRICTED NET ASSETS - OTHER ARE ASSETS WITH A DONOR IMPOSED RESTRICTION THAT ALLOWS THE FOUNDATION TO USE THE ASSETS AS SPECIFIED EITHER UPON THE PASSAGE OF TIME OR BY ACTIONS OF THE FOUNDATION. PERMANENTLY RESTRICTED NET ASSETS ARE ASSETS WITH DONOR IMPOSED RESTRICTIONS THAT STIPULATE THAT RESOURCES BE MAINTAINED PERMANENTLY BUT PERMITS THE FOUNDATION TO USE ALL OF THE NET INCOME DERIVED FROM THE ASSETS. URSULINE SISTERS OF CLEVELAND 2600 LANDER ROAD PEPPER PIKE OH 44124 REGLIGIOUS ORDER - SPIRITUAL DEVELOPMENT OH 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 URSULINE SISTERS OF CLEVELAND C 70807 URSULINE SISTERS OF CLEVELAND N 177873