2011-11-08T12:24:32-06:00 2011-06-30 BARNES WENDLING CPAS INC 1215 SUPERIOR AVE SUITE 400 CLEVELAND OH 441143289 990 2010-07-01 346608706 PM FOUNDATION INC PMFO 2169398330 4909 LORAIN AVENUE CLEVELAND OH 44102 SISTER MAUREEN DOYLE 2169398441 2011-11-07 1 JEFFREY D NEUMAN CPA 2165669000 2010 2016-03-07 17:11:31Z SISTER MAUREEN DOYLE 4909 LORAIN ROAD CLEVELAND OH 44102 9201103 0 X N/A 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. 25 25 61 73 0 0 1125979 1185487 1018418 1041695 637813 843406 240514 178443 3022724 3249031 0 0 0 0 2297764 2408430 0 0 262933 902478 910379 3200242 3318809 -177518 -69778 20061173 21064577 240838 216838 19820335 20847739 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 2765219 375563 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 430 STUDENTS FROM 289 FAMILIES. 100063 48623 PROVIDED AFTER SCHOOL CARE FOR STUDENTS 2865282 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 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 61 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 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 75940 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 75940 0 0 0 0 0 0 0 9805 18525 80635 753594 322928 1185487 TUITION 611110 993072 993072 AFTER SCHOOL PROGRAM 611110 48623 48623 1041695 263746 263746 6448906 5869246 579660 579660 579660 253164 18525 82826 170338 170338 MISCELLANEOUS INCOME 611110 8105 8105 8105 3249031 1049800 0 1013744 75940 7594 11391 56955 1800852 1624225 38450 138177 112744 100831 2619 9294 273933 254762 4287 14884 144961 128750 3567 12644 11300 11300 72028 72028 323752 323752 7305 7305 316341 316341 SUPPLIES 77931 46952 30979 EDUCATIONAL PROGRAM EXP 67077 67077 INSURANCE 24344 24344 TECHNOLOGY EXPENSE 10137 10137 MISCELLANEOUS 164 164 3318809 2865282 190594 262933 30738 40916 11223917 1964784 9557410 9259133 10473025 11764528 20061173 21064577 240838 216838 240838 216838 X 10104821 9597903 2460270 3799471 7255244 7450365 19820335 20847739 20061173 21064577 X -69778 1097181 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 9191113 41356 1960211 490012 10702668 8442260 97250 1176939 525336 9191113 10202952 123400 -1358181 525911 8442260 1.00000 0 0 450565 450565 10103521 1387495 8716026 669831 577289 92542 9259133 OTHER SECURITIES 11764528 F 11764528 OBLIGATION UNDER ANNUITY AGREEMENT 216838 216838 3249031 3318809 -69778 1097180 1 1097181 1027403 4346211 1097180 1097180 3249031 0 3249031 3318809 0 3318809 0 3318809 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. THE FOUNDATION IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS ENDING JUNE 30, 2007 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, 2011 AND 2010, 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 2010 207275 18525 188750 7902 23937 26889 SPRING 24678 24678 13520 4 39736 39736 10578 271689 18525 253164 7902 23937 50987 82826 170338 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 GAINS ON INVESTMENTS: 1,097,180. PRIOR PERIOD ADJUSTMENTS: 1. TOTAL TO FORM 990, PART XI, LINE 5: 1,097,181. THE FOUNDATION'S POLICY IS TO PREPARE ITS FINANCIAL STATEMENTS ON A MODIFIED CASH BASIS, WHICH INCLUDES RECORDING DEPRECIATION ON CAPITALZIED 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 80635 URSULINE SISTERS OF CLEVELAND N 178115