2024-11-11T16:21:33-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 9766 FALLON AVENUE SUITE 106 MONTICELLO MN 55362 990 2023-07-01 261830477 MCMAHON-PARATER SCHOLARSHIP FOUNDATION MCMA 8043595661 7800 CAROUSEL LANE RICHMOND VA 23294 MARGARET KEIGHTLEY EXECUTIVE DIRECTOR 8043595661 2024-11-08 1 1 ALEX HENGEL CPA P01806654 7632256150 2024-11-04 2023 2024-10-15 13:58:12Z MARGARET KEIGHTLEY 7800 CAROUSEL LANE RICHMOND VA 23294 22299544 0 X WWW.MCMAHONPARATER.ORG X 2007 VA TO PROVIDE FINANCIAL ASSISTANCE TO CATHOLIC SCHOOLS WITHIN THE GEOGRAPHICAL CONFINES OF THE ROMAN CATHOLIC DIOCESE OF RICHMOND. 11 9 0 9 0 0 15718768 5722940 0 0 176152 350654 0 0 15894920 6073594 10026581 9229877 0 0 0 0 0 0 359870 974234 1245239 11000815 10475116 4894105 -4401522 10612071 6240539 330231 280446 10281840 5960093 TO PROVIDE FINANCIAL ASSISTANCE TO THE CATHOLIC SCHOOLS WITHIN THE GEOGRAPHICAL CONFINES OF THE ROMAN CATHOLIC DIOCESE OF RICHMOND. 0 0 9711018 9229877 TUITION ASSISTANCE: FUNDS RECEIVED ARE SPECIFICALLY MARKED FOR CATHOLIC SCHOOL TUITION ASSISTANCE FOR BOTH CATHOLIC AND NON-CATHOLIC FAMILIES, IN AN EFFORT TO ASSIST THE FAMILIES IN REDUCING THEIR TUITION COSTS AND ALLOWING THE TUITION TO BE AFFORDABLE FOR BOTH NON-CATHOLICS AND CATHOLICS. 9711018 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X MICHAEL J MCGEE 8043595661 7800 CAROUSEL LANE RICHMOND VA 23294 MARGARET KEIGHTLEY EXECUTIVE DIRECTOR 5.00 35.00 X X 0 145203 80652 MICHAEL RILEY PRESIDENT 5.00 35.00 X X 0 103581 32796 BARRY C KNESTOUT SOLE MEMBER 2.00 35.00 X 0 30207 22569 BRUCE HOLBROOK CHAIRMAN 5.00 X X 0 0 0 KATHLEEN B BARRETT TREASURER 2.00 X X 0 0 0 EDWARD T BLAIR DIRECTOR 2.00 X 0 0 0 J STEPHEN LINDSEY DIRECTOR 2.00 X 0 0 0 WALTER MALONE DIRECTOR 2.00 X 0 0 0 DR ROBERT MARTINEZ DIRECTOR 2.00 X 0 0 0 STEPHEN REARDON DIRECTOR 2.00 X 0 0 0 THOMAS STRASSBURG DIRECTOR 2.00 X 0 0 0 STEPHANIE STUMPF DIRECTOR 2.00 X 0 0 0 MICHAEL J MCGEE CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 206420 60808 JENNIFER BIGELOW FORMER PRESIDENT 5.00 35.00 X 0 46659 26025 KELLY LAZZARA FORMER PRESIDENT 2.00 35.00 X 0 88353 28051 0 620423 250901 0 1 1 0 0 632267 5090673 1155966 5722940 307318 307318 16269286 16225950 43336 43336 43336 6073594 0 0 350654 12037 12037 9217840 9217840 26129 26129 45000 45000 15754 15754 1068356 481141 243099 344116 BAD DEBT EXPENSES 90000 90000 10475116 9711018 404228 359870 25258 82529 917259 619882 9669554 5538128 10612071 6240539 1010 273 329221 280173 330231 280446 X 201736 564759 10080104 5395334 10281840 5960093 10612071 6240539 -4401522 79775 0 X 0 1 X 1 0 X 4339818 5691029 7299163 15718768 5722939 38771717 4339818 5691029 7299163 15718768 5722939 38771717 7413586 31358131 66011 19261 32190 213829 307318 638609 39410326 0.79570 0.80900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO CATHOLIC DIOCESE 280173 280173 X 6127240 79775 79775 6047465 26129 26129 6073594 10448987 0 10448987 26129 26129 10475116 PART X, LINE 2: THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN INCOME TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 1 TUITION ASSISTANCE 3452 9217840 N/A N/A PART I, LINE 2: TUITION ASSISTANCE IS DETERMINED BY FACTS - A GRANT/AID RESOURCE COMPANY. THE INDIVIDUAL PARENTS APPLY FOR FINANCIAL AID, SUBMITTING ALL PERSONAL PERTINENT DATA ON FINANCES, USUALLY INCLUDING THE CURRENT YEAR W-2 AND PRIOR YEAR TAXES. FACTS TAKES ALL INFORMATION AND COMPUTES A FINANCIAL NEED BASED ON THE TUITION RATE. THIS INFORMATION IS DOWNLOADED BY THE DIOCESE OR SCHOOL AND THE AMOUNT AVAILABLE FOR AWARD IS DISTRIBUTED BASED ON RANGES OF NEED. THE AMOUNTS ARE ANNOUNCED TO THE FAMILY AND SCHOOL BY AN AWARD LETTER. THE AWARD IS PAID DIRECTLY TO THE SCHOOL THE STUDENT ATTENDS. HOWEVER, THE SCHOOL IS RESPONSIBLE FOR THE PROPER RECORDING IN THEIR ACCOUNTING RECORDS. THE DIOCESE CHECKS SCHOOL BY SCHOOL, STUDENT BY STUDENT, TO ENSURE THAT THE GRANT/AID FROM MPSF IS APPLIED TO THE APPROPRIATE STUDENT ACCOUNT BASED ON THE INFORMATION THE DIOCESE HAS DISBURSED/RECEIVED. X 0 0 0 0 0 0 0 0 0 MICHAEL J MCGEE CHIEF FINANCIAL OFFICER 0 206420 0 0 0 0 0 19111 0 41697 0 267228 0 0 MARGARET KEIGHTLEY EXECUTIVE DIRECTOR 0 145203 0 0 0 0 0 11647 0 69005 0 225855 0 0 KELLY LAZZARA FORMER PRESIDENT 0 88353 0 0 0 0 0 7972 0 20079 0 116404 0 0 JENNIFER BIGELOW FORMER PRESIDENT 0 46659 0 0 0 0 0 3715 0 22310 0 72684 0 0 PART I, LINE 3 THE FOUNDATION HAS NO PAID EMPLOYEES; EMPLOYEES ARE SHARED WITH THE CATHOLIC DIOCESE OF RICHMOND, A RELATED TAX-EXEMPT ORGANIZATION. THE FOUNDATION FOLLOWS THE SAME POLICIES FOR REVIEW AND APPROVAL OF SALARIES THAT ARE USED BY THE DIOCESE. THESE POLICIES INCLUDE REVIEWING COMPARABLE DATA FROM OTHER SIMILAR TAX-EXEMPT ORGANIZATIONS AND APPROVAL AND DOCUMENTATION OF SALARIES BY INDEPENDENT PERSONS. X 70 1155966 AVERAGE DAILY VALUE 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES DAVENPORT AS STOCK BROKER TO LIQUIDATE STOCK DONATIONS. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD, CONSISTING OF THE CHAIRMAN AND VICE CHAIRMAN OF THE BOARD OF DIRECTORS, THE PRESIDENT, SECRETARY, TREASURER AND OTHER SUCH OFFICERS AS MAY BE ELECTED FROM THE DIRECTORS. THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE BISHOP OF RICHMOND IS THE SOLE MEMBER OF THE CORPORATION. HE APPOINTS AND APPROVES MEMBERS OF THE BOARD AND UPON DISSOLUTION WOULD RECEIVE ASSETS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE BISHOP OF RICHMOND HAS THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY, BUT HAS NOT UTILIZED THIS RIGHT. FORM 990, PART VI, SECTION A, LINE 7B THE BISHOP OF RICHMOND, SOLE MEMBER OF THE CORPORATION, HAS THE POWER TO APPROVE THE ELECTION OF THE CHAIRMAN OF THE BOARD, VICE-CHAIRMAN, PRESIDENT, SECRETARY, TREASURER AND OTHER OFFICERS OF THE CORPORATION. HE ALSO HAS THE POWER TO APPROVE OF A MERGER OR CONSOLIDATION OR THE CREATION OF A SUBSIDIARY ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED AT A BOARD MEETING FOR ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO REVIEW PRIOR TO FILING. IF A BOARD MEETING DOES NOT OCCUR THEN THE 990 IS EMAILED TO ALL DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY UNDERSTAND AND AGREE TO ABIDE BY THE CONFLICT OF INTEREST POLICY. IN THE EVENT THAT A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST DURING THE YEAR, SUCH BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS OR VOTE ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT THE CATHOLIC DIOCESAN OFFICES. CATHOLIC DIOCESE OF RICHMOND 7800 CAROUSEL LANE RICHMOND VA 23294 540505947 RELIGIOUS VA 501(C)(3) LINE 1 N/A 0 CATHOLIC COMMUNITY FOUNDATION 7800 CAROUSEL LANE RICHMOND VA 23294 471403628 MANAGEMENT OF ENDOWMENTS VA 501(C)(3) LINE 12B, II N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1