EXECUTIVE DIRECTOR

2011-11-30T09:23:04-06:00 2011-06-30 SMITH SCHAFER AND ASSOC LTD 220 SOUTH BROADWAY SUITE 102 ROCHESTER MN 55904 990 2010-07-01 237367336 LOURDES FOUNDATION INC LOUR 5072892584 621 WEST CENTER STREET ROCHESTER MN 55902 TIMOTHY SITZER EXECUTIVE DIRECTOR 5072892584 2011-11-30 1 SMITH SCHAFER 5072883277 2011-11-30 2010 2016-02-24 21:20:13Z SUSAN KRECKE 621 WEST CENTER STREET ROCHESTER MN 55902 1184757 0 X WWW.LOURDESFOUNDATION.ORG X 1974 MN LOURDES FOUNDATION ATTRACTS, MANAGES, AND CHANNELS PHILANTHROPIC RESOURCES TO ENSURE A VITAL CATHOLIC EDUCATION AT LOURDES HIGH SCHOOL. 17 17 3 60 0 0 551978 381686 0 0 110318 165426 11559 12055 673855 559167 108940 130025 0 0 112801 114498 0 0 54299 105405 118384 327146 362907 346709 196260 4824922 5473433 5434 8926 4819488 5464507 LOURDES FOUNDATION IS A CATALYST FOR THE GROWTH AND EXPANSION OF LOURDES HIGH SCHOOL THROUGH EXCELLENCE IN EDUCATION. AS SUCH, IT ATTRACTS, MANAGES, AND CHANNELS PHILANTHROPIC RESOURCES TO ENSURE A VITAL CATHOLIC EDUCATION AT LOURDES HIGH SCHOOL. 0 0 112900 SCHOLARSHIPS PROGRAM - AWARDED $112,900 TO A TOTAL OF 88 STUDENTS BASED ON FINANCIAL NEED ASSESSMENTS 8452 SPORTS HALL OF FAME - AWARDED $2,500 IN ATHLETIC EQUIPMENT TO 5 COACHES WHOM OTHERWISE WOULD NOT HAVE BEEN ALLOWED PROCEEDS DUE TO THE FINANCIAL BUDGET 1089 ALUMNI ASSOCIATION SUPPORT - SPONSORED 2 ALUMNI EVENTS; POST-HOMECOMING GAME GATHERING AND ALUMNI GATHERING IN THE TWIN CITIES 113089 113089 235530 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 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 3 0 3 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 MN X X TIMOTHY SITZER 5072892584 621 WEST CENTER STREET ROCHESTER MN 55902 THERESE ARMSTEAD DIRECTOR 1.00 X 0 0 0 STEVEN BIENIEK DIRECTOR 1.00 X 0 0 0 JULIE BURGART VICE PRESIDENT 1.00 X X 0 0 0 BOB GANDER PAST PRESIDENT 1.00 X 0 0 0 TIMOTHY GEISLER TREASURER 1.00 X X 0 0 0 GREG GRIFFITHS DIRECTOR 1.00 X 0 0 0 MICHAEL KESLER DIRECTOR 1.00 X 0 0 0 SUSAN KRECKE PRESIDENT 1.00 X X 0 0 0 FRITZ KVATERNIK DIRECTOR 1.00 X 0 0 0 JOHN LAWSON DIRECTOR 1.00 X 0 0 0 MICHAEL LOSE DIRECTOR 1.00 X 0 0 0 DIANA NICOLAY DIRECTOR 1.00 X 0 0 0 MIKE MCNEIL DIRECTOR 1.00 X 0 0 0 KAREN PETERSEN SECRETARY 1.00 X X 0 0 0 CHRISTOPHER PRICE DIRECTOR 1.00 X 0 0 0 MARK STADTHERR DIRECTOR 1.00 X 0 0 0 ANDREW POTERUCHA DIRECTOR 1.00 X 0 0 0 TIMOTHY SITZER EXECUTIVE DIRECTOR 40.00 X 58646 0 2639 58646 0 2639 0 0 0 0 0 381686 381686 161169 161169 11160 2821 8339 8339 8339 618027 613770 4257 4257 4257 12715 8999 3716 3716 559167 0 0 177481 130025 130025 61285 40448 7354 13483 44053 29075 5286 9692 9160 6045 1100 2015 10575 10575 24755 24755 19100 416 9407 9277 19728 3411 8158 8159 10490 5872 4618 6129 4046 735 1348 3572 1786 1786 1915 958 957 STAFF ENRICHMENT 16192 16192 DUES & MEMBERSHIP 1494 747 747 4434 2217 2217 362907 235530 73078 54299 253775 196761 389145 88704 10295 9855 951980 16001 939551 935979 3232156 4242134 4824922 5473433 5434 8926 5434 8926 X 598883 599676 130799 458148 4089806 4406683 4819488 5464507 4824922 5473433 X 196260 448759 X X 0 1 1 X 0 X 572180 236732 482357 551978 381686 2224933 572180 236732 482357 551978 381686 2224933 2224933 169780 234838 175174 111885 169508 861185 3086118 54117 0.72090 0.70770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4089806 316877 4406683 3601193 488613 4089806 3504054 103792 -6653 3601193 0 0 929285 929285 22695 16001 6694 935979 559167 362907 196260 448759 448759 645019 1015442 448759 32092 179 481030 534412 24755 24755 559167 370423 32092 179 32271 338152 24755 24755 362907 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 179. PART XII, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEES 24,755. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 179. PART XIII, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEES 24,755. 0 LOURDES HIGH SCHOOL 621 W CENTER STREET ROCHESTER MN 55902 410740119 170(B)(1)(A)(II) 105900 OPERATING EXPENSES 1 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF FORM 990 IS EMAILED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15A PERFORMANCE EVALUATION FORMS WERE SENT TO THE ENTIRE BOARD OF DIRECTORS. THE OFFICERS COMPILED THE RESULTS OF THE COMPLETED EVALUATIONS AND DISCUSSED WITH THE EXECUTIVE DIRECTOR. SALARY RECOMMENDATIONS WERE COMPARED WITH REGIONAL COMPARATIVE DATA. FORM 990, PART VI, SECTION C, LINE 18 THE LOURDES FOUNDATION FORM 990 IS MADE AVAILABLE TO THE PUBLIC ON ITS WEBSITE OR UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 LOURDES FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AT GUIDESTAR.ORG WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 448,759. THE INVESTMENT/FINANCIAL COMMITTEE ASSUMES RESPONSIBILITY FOR THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.