2024-05-15T07:41:10-05:00 2023-06-30 363168081 SIKICH LLP 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2022-07-01 474892958 WALSH JESUIT HIGH SCHOOL FOUNDATION WALS 3309294205 4550 WYOGA LAKE ROAD CUYAHOGA FALLS OH 44224 RICHARD BEDELL CHAIRMAN 3309294205 2024-05-07 1 RICHARD BEDELL 999009999 0 BRIDGETTE MUGGE P00671418 3308646661 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD BEDELL 4550 WYOGA LAKE ROAD CUYAHOGA FALLS OH 44224 5141124 0 0929 X WWW.WALSHJESUIT.ORG X 2015 OH TO SUPPORT WALSH JESUIT HIGH SCHOOL. 7 7 0 7 0 0 255385 458627 0 0 1510733 888667 0 0 1766118 1347294 890000 970000 0 0 0 0 0 0 0 69051 66385 959051 1036385 807067 310909 17984341 19610231 1700 21354 17982641 19588877 TO SUPPORT WALSH JESUIT HIGH SCHOOL. 0 0 1010687 970000 TO PROVIDE SUPPORT TO WALSH JESUIT HIGH SCHOOL FOR TUITION ASSISTANCE AND CERTAIN OPERATIONAL PROGRAMS AS DIRECTED BY DONORS. 1010687 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 OH X CORENA MITCHELL AND ERIC SALEK 3309294205 4550 WYOGA LAKE ROAD CUYAHOGA FALLS OH 44224 X COLLEEN JOYCE CHAIRMAN 2.00 X X 0 0 0 RICHARD P BEDELL SECRETARY 2.00 X X 0 0 0 CAROL KLINGER TREASURER 2.00 X X 0 0 0 CHARLES ABRAHAM MEMBER 2.00 X 0 0 0 CHRISTOPHER SCALA MEMBER 2.00 X 0 0 0 ROB SCHERLER MEMBER 2.00 X 0 0 0 CHRIS SIVAK MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 458627 4982 458627 887176 887176 3795321 3793830 1491 1491 1491 1347294 0 0 888667 970000 970000 3055 3055 1750 1750 40687 40687 20893 20893 1036385 1010687 25698 0 36187 74620 6281 5013 21285 135925 17918028 19389701 2560 4972 17984341 19610231 1700 21354 1700 21354 X 212327 238218 17770314 19350659 17982641 19588877 17984341 19610231 310909 1295327 0 X 0 1 X 1 0 X 159950 513348 330588 255385 458627 1717898 159950 513348 330588 255385 458627 1717898 349974 1367924 700194 524941 742968 1176570 887176 4031849 5749747 0.23790 X THE WALSH JESUIT HIGH SCHOOL FOUNDATION WAS INITIALLY APPROVED AS A TAX-EXEMPT ENTITY UNDER IRC SECTION 170(B)(1)(A)(VI), A "PUBLICLY SUPPORTED ORGANIZATION" REQUIRING IT "RECEIVE A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENT UNIT OR FROM THE GENERAL PUBLIC".SINCE ITS INCEPTION AND DESIGNATED TAX CLASSIFICATION AS A "PUBLICLY SUPPORTED ORGANIZATION", THE FOUNDATION HAS BEEN UNABLE TO SATISFY THE "SUBSTANTIAL PART" REQUIREMENT DETERMINED BY THE IRS TO MEAN AT LEAST 33.33% OF ITS SUPPORT COMING FORM A PUBLIC SOURCE. THE FOUNDATION HAS MADE CONCERTED EFFORTS TO BROADEN ITS DONOR BASE SINCE ITS INCEPTION. THE INABILITY TO SATISFY THE REQUIREMENT IS MAINLY DUE TO A LARGE ESTATE GIFT IN 2019. THE EXPECTATION IS THAT THE FOUNDATION WILL CONTINUE TO RECEIVE LARGE ESTATE GIFTS AND WILL CONTINUE TO FAIL THE TEST.THEREFORE, IN DECEMBER OF 2021, A REQUEST WAS SUBMITTED TO THE IRS TO RECLASSIFY THE FOUNDATION'S STATUS TO A "SUPPORTING ORGANIZATION" UNDER IRC SECTION 509(A)(3) TYPE I ORGANIZATION. AS A "SUPPORTING ORGANIZATION" THE FOUNDATION'S STATED PURPOSE IS TO PROVIDE EXCLUSIVE SUPPORT TO WALSH JESUIT HIGH SCHOOL AS CLEARLY SET FORTH IN ITS CHARTER DOCUMENTS, AS AMENDED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17982641 458627 2183994 970000 66385 19588877 21999281 255385 -3312974 890000 69051 17982641 17913934 331588 4643930 830000 60171 21999281 17535949 513348 689251 780000 44614 17913934 17092672 159950 1069865 740000 46538 17535949 0.01210 0.48340 0.50450 0 0 0 X PART V, LINE 4: TO SUPPORT WALSH JESUIT HIGH SCHOOL. PART X, LINE 2: THE SCHOOL AND FOUNDATION ARE NOT-FOR-PROFIT ORGANIZATIONS THAT ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL AND FOUNDATION ARE NOT CLASSIFIED AS PRIVATE FOUNDATIONS. DUE TO RELIGIOUS AFFILIATION, THE SCHOOL IS ALSO EXEMPT FROM FILING RETURNS FOR A NOT-FOR-PROFIT ORGANIZATION; HOWEVER, THE FOUNDATION FILES RETURNS AS A NOT-FOR-PROFIT ORGANIZATION. THE ORGANIZATION FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES AND HAVE EVALUATED ITS TAX POSITIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVE THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER UNCERTAIN TAX POSITIONS. THE FOUNDATION'S RETURN FOR TAX YEARS 2019 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 1 WALSH JESUIT HIGH SCHOOL 4550 WYOGA LAKE ROAD CUYAHOGA FALLS OH 44224 340947373 501(C)(3) 970000 0 TUITION ASSITANCE AND OTHER DONOR RESTRICTED PURPOSES 1 PART I, LINE 2: ALL GRANTS MADE ARE DISBURSED TO SUPPORT THE EXEMPT PURPOSE FOR WALSH JESUIT HIGH SCHOOL. THE BOARD OF DIRECTORS MONITORS THE USE OF THE FUNDS THROUGH REGULAR COMMUNICATION WITH AND REPORTING FROM THE SCHOOL'S ADMINISTRATION, AS WELL AS COMMUNICATION WITH THE SCHOOL'S OUTSIDE AUDITORS AND REVIEW OF THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE CODE OF REGULATIONS CALLS FOR A BOARD OF 3 JESUIT MEMBERS WHO ARE ASSIGNED BY THE PROVINCIAL. FORM 990, PART VI, SECTION A, LINE 7A THE APPOINTMENT OF THE INDIVIDUAL MEMBERS CONSTITUTING THE BOARD OF MEMBERS SHALL BE CARRIED OUT BY THE PROVINCIAL, OR HIS DULY DESIGNATED REPRESENTATIVE (THE "PROVINCIAL") OF THE JESUIT PROVINCE WITHIN WHICH WALSH JESUIT HIGH SCHOOL IS LOCATED (THE "PROVINCE"). FORM 990, PART VI, SECTION A, LINE 7B THE CODE PROVIDES MEMBERS WITH CERTAIN RESERVED POWERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY IS SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS REVIEW THE POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST. WALSH JESUIT HIGH SCHOOL 4550 WYOGA LAKE ROAD CUYAHOGA FALLS OH 44224 340947373 HIGH SCHOOL OH 501(C)(3) LINE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0