2012-03-29T18:57:12-05:00 2011-06-30 SCHAFFER & LAYHER PLLC 805 VAN BRUNT ST JOSEPH MI 49085 990 2010-07-01 237129409 TWIN-CITY AREA CATHOLIC SCHOOL FUND INC TWIN 2698613108 515 SHIP STREET NO 209 ST JOSEPH MI 49085 PAUL LANDECK 2698613108 2012-03-29 1 DAVID SCHAFFER CPA 2699830131 2012-03-28 2010 2016-02-24 21:20:13Z PAUL LANDECK 515 SHIP ST ST JOSEPH MI 49085 1250424 0 X N/A X 1972 MI SUPPORT OF AREA CATHOLIC SCHOOLS AND STUDENTS 8 8 0 46 0 0 36132 8388 0 0 -26416 290224 0 0 9716 298612 86015 130380 0 0 0 0 0 0 0 39455 41838 125470 172218 -115754 126394 3448429 3976056 0 30135 3448429 3945921 SUPPORT OF AREA CATHOLIC SCHOOLS AND STUDENTS 0 0 133670 LAKE MICHIGAN CATHOLIC SCHOOLS - A LOCAL CATHOLIC SYSTEM 133670 1 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MI X FUND OFFICE 2698613108 515 SHIP STREET SUITE 209 ST JOSEPH MI 49085 X ELAINE THEISEN 2.00 X X 0 0 0 KURT MARZKE 2.00 X 0 0 0 JOE GIANNOLA 2.00 X 0 0 0 MARK MILLER 2.00 X 0 0 0 JOHN CURTIS 2.00 X X 0 0 0 PAUL LANDECK 2.00 X X 0 0 0 ANTHONY MONTE 2.00 X 0 0 0 JOHN PROOS 2.00 X 0 0 0 0 0 0 0 0 0 0 0 8388 8388 73421 73421 1168615 951812 216803 216803 216803 298612 0 0 290224 130380 130380 11620 11620 1516 1516 INVESTMENT FEES 26070 26070 INSURANCE 1484 1261 223 TELEPHONE 604 513 91 PRINTING AND POSTAGE 544 544 172218 133670 38548 0 26675 22649 269662 77795 177733 112650 11042 11042 0 0 2879784 3647082 94575 115880 3448429 3976056 30135 0 30135 X 1595942 1844248 118838 539589 1733649 1562084 3448429 3945921 3448429 3976056 X 126394 371098 X X 0 1 1 X 0 X 1169021 266083 116777 36132 8388 1596401 1169021 266083 116777 36132 8388 1596401 1596401 81638 111213 85131 65170 73421 416573 2012974 0.79310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2856146 -45097 264500 3075549 2915971 14919 -74744 2856146 3072851 80156 -217033 19476 527 2915971 0 0 11042 11042 0 0 298612 172218 126394 349792 21306 371098 497492 646829 349792 3189 21306 374287 272542 26070 26070 298612 149337 3189 3189 146148 26070 26070 172218 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS UNDER FIN 48. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST - FASB 136 PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST - FASB 136 1 LAKE MICHIGAN CATHOLIC SCHOOLS 130380 EDUCATION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 349,792. CHANGE IN BENEFICIAL INTEREST - FASB 136 21,306. TOTAL TO FORM 990, PART XI, LINE 5: 371,098. 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.