2025-08-26T17:04:15-04:00 2025-06-30 861245109 LAMMERS ABEL & KAPS CPA'S PC 140 N 16TH STREET ORD NE 68862 990 2024-07-01 363499977 SPALDING ACADEMY ENDOWMENT FOUNDATION INC SPAL 3082239843 PO BOX 310 SPALDING NE 68665 REV LAWRENCE VADAKKAN DIRECTOR/TREASURER 3084972662 2025-08-08 true true MARY GLESINGER P00168489 3087283015 2025-08-08 2024 2025-03-06 01:10:19Z DENNIS BAUER PO BOX 310 SPALDING NE 68665 785620 false X X 1986 NE THE MISSION OF THE SPALDING ACADEMY ENDOWMENT FOUNDATION, INC. IS TO ENSURE THE FINANCIAL SECURITY OF SPALDING ACADEMY AND SUPPORT THE MISSION OF THE SCHOOL FOR GENERATIONS TO COME. 7 7 0 8 0 27090 26450 0 135508 289918 0 162598 316368 160000 172900 0 0 0 0 23552 29670 183552 202570 -20954 113798 3797009 3852654 181285 0 3615724 3852654 THE MISSION OF THE SPALDING ACADEMY ENDOWMENT FOUNDATION, INC. IS TO ENSURE THE FINANCIAL SECURITY OF SPALDING ACADEMY AND SUPPORT THE MISSION OF THE SCHOOL FOR GENERATIONS TO COME. false false 172900 172900 THE ORGANIZATION PROVIDED GRANTS TO SPALDING ACADEMY SCHOOL OF 138,400 FOR ADMINISTRATIVE AND TEACHER SALARIES, 24,500 FOR PARISH CENTER RENOVATIONS, AND 10,000 TO ST. MICHAEL'S CHURCH. THE PARISH CENTER IS USED BY SPALDING ACADEMY SCHOOL FOR PHYSICAL EDUCATION CLASSES AND FOR THE HOT LUNCH PROGRAM. 172900 true true false false false false false false false true true false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true X 0 0 0 false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true false false false false false false X TAMMY DIESSNER 3084972662 PO BOX 310 SPALDING NE 68665 X DENNIS BAUER DIRECTOR/CHA 2.00 X X 0 0 0 DANIEL BAUER DIRECTOR 1.00 X 0 0 0 TAMMY DIESSNER DIRECTOR/SEC 5.00 X X 0 0 0 REV LAWRENCE VADAKKAN DIRECTOR/TRE 5.00 X X 0 0 0 MIKE MAHONY DIRECTOR 1.00 X 0 0 0 KALI ESCH DIRECTOR 1.00 X 0 0 0 GASTYN CARRAHER DIRECTOR 1.00 X 0 0 0 false false false 26450 26450 107057 107057 622312 29801 469252 153060 29801 182861 182861 316368 289918 172900 172900 1200 1200 8828 8828 18824 18824 MISCELLANEOUS 818 818 202570 172900 29670 0 27570 28040 307374 363268 1500 1500 2663173 2637516 798892 823830 3797009 3852654 181285 181285 0 X 3615724 3852654 3615724 3852654 3797009 3852654 X 113798 98194 24938 X false false false X 198563 62675 37733 27090 26450 352511 198563 62675 37733 27090 26450 352511 186448 166063 57630 68823 68653 85170 107057 387333 739844 0.22450 0.19470 X THE FOLLOWING FACTORS SUPPORT THE CURRENT YEAR 10% FACTS AND CIRCUMSTANCES TEST: 1) THE PERCENTAGE OF FINANCIAL SUPPORT FROM PUBLIC SOURCES IS 22.45% AND EXCEEDS 10%; 2)PART OF THE REASON THE PERCENTAGE IS LOW IS BECAUSE IT RECEIVES A HIGH PERCENTAGE (52.35%) OF ITS SUPPORT FROM INVESTMENT INCOME ON ITS ENDOWMENT FUNDS, WHICH WERE CONTRIBUTED BY OVER 500 DONORS SINCE ITS INCEPTION; 3) THE ORGANIZATION RECEIVED DONATIONS FROM 10 INDIVIDUALS DURING THE FISCAL YEAR-ENDED JUNE 30, 2025; 4) THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND CONSISTS OF LOCAL BUSINESSPERSONS, FARMERS, SCHOOL BOARD MEMBERS AND A ROMAN CATHOLIC PRIEST/SCHOOL ADMINISTRATOR; 5) THE ORGANIZATION DOES NOT HAVE MEMBERS, ANYONE WISHING TO SUPPORT CATHOLIC EDUCATION IN THE COMMUNITY IS WELCOME TO DO SO; 6) THE ORGANIZATION SOLICITS CONTRIBUTIONS BY ANNUALLY PUBLISHING A NEWSLETTER, WHICH IS MAILED TO SPALDING ACADEMY ALUMNI RESIDING IN THE COMMUNITY AS WELL AS THROUGHOUT THE UNITED STATES. INCLUDED IN THE NEWSLETTER, IS A REPORT ON THE ENDOWMENT SHOWING FUND BALANCES, GIFTS MADE SINCE THE LAST NEWSLETTER, AND AN ADDRESS OF WHERE DONATIONS SHOULD BE MAILED TO. DONATIONS CAN ALSO BE MADE ONLINE AT HTTPS://SPALDINGACADEMY.ORG; AND 7) THE ORGANIZATION HAS RELIED ON ITS STATUS AS A PUBLICLY SUPPORTED ORGANIZATION HAVING RECEIVED A DETERMINATION LETTER WHICH CLASSIFIED IT AS PUBLICLY SUPPORTED AS DESCRIBED IN SECTIONS 509(A)(1) & 170(B)(1)(A)(VI). SUPPORTING SCHEDULE CASH BEQUEST 50,000 PUBLICLY TRADED SECURITIES 23,440 CASH 50,000 CASH 50,000 PART II, LINE 17A THE FOLLOWING FACTORS SUPPORT THE CURRENT YEAR 10% FACTS AND CIRCUMSTANCES TEST: 1) THE PERCENTAGE OF FINANCIAL SUPPORT FROM PUBLIC SOURCES IS 22.45% AND EXCEEDS 10%; 2)PART OF THE REASON THE PERCENTAGE IS LOW IS BECAUSE IT RECEIVES A HIGH PERCENTAGE (52.35%) OF ITS SUPPORT FROM INVESTMENT INCOME ON ITS ENDOWMENT FUNDS, WHICH WERE CONTRIBUTED BY OVER 500 DONORS SINCE ITS INCEPTION; 3) THE ORGANIZATION RECEIVED DONATIONS FROM 10 INDIVIDUALS DURING THE FISCAL YEAR-ENDED JUNE 30, 2025; 4) THE ORGANIZATION HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND CONSISTS OF LOCAL BUSINESSPERSONS, FARMERS, SCHOOL BOARD MEMBERS AND A ROMAN CATHOLIC PRIEST/SCHOOL ADMINISTRATOR; 5) THE ORGANIZATION DOES NOT HAVE MEMBERS, ANYONE WISHING TO SUPPORT CATHOLIC EDUCATION IN THE COMMUNITY IS WELCOME TO DO SO; 6) THE ORGANIZATION SOLICITS CONTRIBUTIONS BY ANNUALLY PUBLISHING A NEWSLETTER, WHICH IS MAILED TO SPALDING ACADEMY ALUMNI RESIDING IN THE COMMUNITY AS WELL AS THROUGHOUT THE UNITED STATES. INCLUDED IN THE NEWSLETTER, IS A REPORT ON THE ENDOWMENT SHOWING FUND BALANCES, GIFTS MADE SINCE THE LAST NEWSLETTER, AND AN ADDRESS OF WHERE DONATIONS SHOULD BE MAILED TO. DONATIONS CAN ALSO BE MADE ONLINE AT HTTPS://SPALDINGACADEMY.ORG; AND 7) THE ORGANIZATION HAS RELIED ON ITS STATUS AS A PUBLICLY SUPPORTED ORGANIZATION HAVING RECEIVED A DETERMINATION LETTER WHICH CLASSIFIED IT AS PUBLICLY SUPPORTED AS DESCRIBED IN SECTIONS 509(A)(1) & 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3599961 26450 412238 172900 28316 3837433 3415805 27090 339993 160000 150 22777 3599961 3181148 165823 251439 160000 300 22305 3415805 3804057 62675 207317 150000 300 327967 3181148 3164359 248438 605250 165000 300 48690 3804057 0.90000 0.10000 false false 1500 1500 CASH VALUE OF LIFE INSURANCE 823830 823830 true SPALDING ACADEMY PO BOX 310 SPALDING NE 68665 470403978 501C3 162900 EDUCATIONAL ST MICHAEL'S CHURCH PO BOX 310 SPALDING NE 68665 470403978 501C3 10000 RELIGIOUS 2 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION'S PROCEDURES FOR ELIGIBILITY AND SELECTION CRITERIA ARE CONTAINED IN ITS BY-LAWS. PER THE BY-LAWS, THE BOARD OF DIRECTORS SHALL AT LEAST ANNUALLY OR MORE OFTEN, PAY THE INCOME ONLY, AND NOT THE PRINCIPAL, FOR THE USE AND BENEFIT OF SPALDING ACADEMY. THE BOARD ANNUALLY REVIEWS SPALDING ACADEMY'S BUDGET TO DETERMINE THE AMOUNT OF THE GRANT REQUESTED AND AWARDED. THE BOARD ALSO REVIEWS THE INCOME AND EXPENSE REPORTS PROVIDED BY SPALDING ACADEMY TO ENSURE THAT THE AMOUNT AWARDED IS USED FOR PROPER EXPENDITURES. NEWLY NAMED FUNDS IN THE FISCAL-YEAR ENDED JUNE 30, 2020 ALLOW FOR PRINCIPAL TO BE SPENT FOR TEACHER SALARIES, TO SUPPLEMENT MUSIC AND EXTRA-CURRICULAR ACTIVITIES AND TO HIRE A DEVELOPMENT DIRECTOR. GRANTS FROM THESE FUNDS ARE SUPPORTED BY EXPENSE REPORTS. THERE WAS ALSO A NEWLY NAMED FUND OF 100,000, WHICH PROVIDED FOR A 10,000 ANNUAL GRANT TO ST. MICHAEL'S CHURCH PER THE DONOR'S WISHES. ST. MICHAEL'S CHURCH PREPARES AN ANNUAL FINANCIAL REPORT DETAILING ALL OF ITS EXPENDITURES WHICH IS AVAILABLE TO ALL PARISHONERS. THE FOUNDATION'S BOARD, PER ITS BY-LAWS, MUST INCLUDE THE PARISH PRIEST OF ST. MICHAEL'S CHURCH WHO SERVES AS THE SUPERINTENDENT OF SPALDING ACADEMY SCHOOL, AS WELL AS A MEMBER OF THE BOARD OF DIRECTORS OF ST. MICHAEL'S CHURCH AND SPALDING ACADEMY SCHOOL. FORM 990, PAGE 6, PART VI, LINE 11B BOARD MEMBERS ARE PROVIDED A COPY OF THE 990 AND IT IS APPROVED PRIOR TO THE FILING OF THE RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 INCREASE IN CSV LIFE INSURANCE 24,938