Nonprofit · EIN 23-7311256
ASSUMPTION FOUNDATION FOR K-12 SCHOOLS
Tax-exempt · MILWAUKEE, WI 53201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $628,314 | $793,388 | -$165,074 | $7,146,917 | $0 | $7,146,917 |
| December 31, 2023 | 990 | $782,999 | $291,630 | $491,369 | $7,339,782 | $0 | $7,339,782 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $169,519
- Program service revenue
- $0
- Investment income
- $458,704
- Net gain from sales of assets
- $175,825
- Other revenue
- $91
Expenses
- Grants and similar amounts paid
- $727,239
- Compensation of officers, directors and key employees
- $41,540
- Salaries, compensation and benefits (total)
- $41,540
- Professional fundraising fees
- $0
- Accounting fees
- $750
- Program services (functional)
- $732,439
- Management and general (functional)
- $54,775
- Fundraising (functional)
- $6,174
Balance sheet and other
- Total assets, start of year
- $7,339,782
- Total assets, end of year
- $7,146,917
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,146,917
- Publicly traded securities
- $6,051,114
- Gross receipts
- $2,522,391
- Employees
- 0
- Year formed
- 1973
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK NA | TRUSTEE Institutional trustee | 1 | $41,540 |
| DAN CONROY | DIRECTOR Trustee or director | – | $0 |
| DICK KOESTNER | DIRECTOR Trustee or director | – | $0 |
| KURT TJADEN | DIRECTOR Trustee or director | – | $0 |
| MIKE BYRNE | DIRECTOR Trustee or director | – | $0 |
| NICK HAUT | DIRECTOR Trustee or director | – | $0 |
| ROSEMARY BARTON | DIRECTOR Trustee or director | – | $0 |
| ANDY CRAIG | DIRECTOR Trustee or director | – | $0 |
| BRIDGET MURPHY | DIRECTOR Trustee or director | – | $0 |
| BEN JOBGEN | DIRECTOR Trustee or director | – | $0 |
| BILL BARRETT | DIRECTOR Trustee or director | – | $0 |
| JOHN CAROL | DIRECTOR Trustee or director | – | $0 |
| DENNIS CONARD | DIRECTOR Trustee or director | – | $0 |
| DOUG JENNINGS | DIRECTOR Trustee or director | – | $0 |
| MARTY ELLERS | DIRECTOR Trustee or director | – | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM SUNDERBRUCH | DIRECTOR Trustee or director | – | $0 |
| Michael J Vonderhaar | Director Trustee or director | – | $0 |
| Richard J Koestner | Director Trustee or director | – | $0 |
| Tony Bradley | Director Trustee or director | – | $0 |
| BRIAN DUFFY | DIRECTOR Trustee or director | – | $0 |
| KRISTYN TJADEN | DIRECTOR Trustee or director | – | $0 |
| MIKE VONDERHAAR | DIRECTOR Trustee or director | – | $0 |
| TOM DANIEL | DIRECTOR Trustee or director | – | $0 |
| DOUG JENKINS | DIRECTOR Trustee or director | – | $0 |
| DAN TIMMONS | DIRECTOR Trustee or director | – | $0 |
| ELEANOR GONZALES | DIRECTOR Trustee or director | – | $0 |
| ERIC VANSEVERAN | DIRECTOR Trustee or director | – | $0 |
| JAN WEST | DIRECTOR Trustee or director | – | $0 |
| JEFF O'ROUKE | DIRECTOR Trustee or director | – | $0 |
| DANIEL DEVRIES | DIRECTOR Trustee or director | – | $0 |
| MIKE CORYN | DIRECTOR Trustee or director | – | $0 |
| PAT DOYLE | DIRECTOR Trustee or director | – | $0 |
| DEB CASSEL | DIRECTOR Officer | – | $0 |
| EDMUND CARROLL JR | OFFICER, ERMITAS Officer | – | $0 |
| William D Barrett | OFFICER Officer | – | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| US BANK NA | TRUSTEE Institutional trustee | – | $37,155 |
| DAN TIMMONS | DIRECTOR Trustee or director | – | $0 |
| ERIC VANSEVERAN | DIRECTOR Trustee or director | – | $0 |
| JAN WEST | DIRECTOR Trustee or director | – | $0 |
| JEFF O'ROUKE | DIRECTOR Trustee or director | – | $0 |
| MIKE CORYN | DIRECTOR Trustee or director | – | $0 |
| BEN JOBGEN | DIRECTOR Trustee or director | – | $0 |
| DAN CONROY | DIRECTOR Trustee or director | – | $0 |
| MARTY EILERS | DIRECTOR Trustee or director | – | $0 |
| MIKE BYRNE | DIRECTOR Trustee or director | – | $0 |
| NICK HAUT | DIRECTOR Trustee or director | – | $0 |
| ROSEMARY BARTON | DIRECTOR Trustee or director | – | $0 |
| BILL BARRETT | DIRECTOR Trustee or director | – | $0 |
| DENNIS CONARD | DIRECTOR Trustee or director | – | $0 |
| DOUG JENNINGS | DIRECTOR Trustee or director | – | $0 |
| TOM SUNDERBRUCH | DIRECTOR Trustee or director | – | $0 |
| BRIAN DUFFY | DIRECTOR Trustee or director | – | $0 |
| JOHN CARROLL | DIRECTOR Trustee or director | – | $0 |
| KRISTYN TJADEN | DIRECTOR Trustee or director | – | $0 |
| DOUG JENKINS | DIRECTOR Trustee or director | – | $0 |
| ELEONOR GONZALEZ | DIRECTOR Trustee or director | – | $0 |
| MICHAEL VONDERHAAR | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 634, MILWAUKEE, WI 53201-0634
- In care of
- % US BANK NA TRUSTEE
- Principal officer (990 for 2024)
- US BANK NA, PO BOX 0634, MILWAUKEE, WI 532010634
- Signed the 990
- U S BANK N A TRUSTEE, TRUSTEE
- Phone
- (563) 328-3104
- Website
- www.embracingourfuture.org
- Return prepared by
- PWC US TAX LLP
Mission
TO ADVOCATE FOR AND ADVANCE THE EXCELLENCE OF CATHOLIC EDUCATION AT ASSUMPTION HIGH SCHOOL, AND IN THE CATHOLIC ELEMENTARY SCHOOLS OF SCOTT COUNTY, IOWA.
Program accomplishments
- SUPPORT OF PRIVATE SECONDARY EDUCATION AT ASSUMPTION HIGH SCHOOL, DAVENPORT, IOWA; AND SUPPORT OF KINDERGARTEN THROUGH 12TH GRADE CATHOLIC SCHOOLS LOCATED IN SCOTT COUNTY IOWA WITH TUITION ASSISTANCE/ SCHOLARSHIPS, BENEFIT SUPPORT, & MARKETING.Expenses $727,239 · grants $727,239
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7311256
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,146,917
- Income (IRS master file)
- $2,522,391
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $628,314 | $793,388 | $7,146,917 | IRS |
| 990 | December 2023 | $782,999 | $291,630 | $7,339,782 | XML |
| 990 | December 2022 | $618,184 | $163,621 | $6,745,633 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7311256).
Questions about ASSUMPTION FOUNDATION FOR K-12 SCHOOLS
- What is the EIN of ASSUMPTION FOUNDATION FOR K-12 SCHOOLS?
- The employer identification number (EIN) of ASSUMPTION FOUNDATION FOR K-12 SCHOOLS is 23-7311256.
- Is ASSUMPTION FOUNDATION FOR K-12 SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to ASSUMPTION FOUNDATION FOR K-12 SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSUMPTION FOUNDATION FOR K-12 SCHOOLS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSUMPTION FOUNDATION FOR K-12 SCHOOLS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSUMPTION FOUNDATION FOR K-12 SCHOOLS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASSUMPTION FOUNDATION FOR K-12 SCHOOLS?
- The 990 for the year ended December 31, 2024 names US BANK NA.
- Who are the officers and directors of ASSUMPTION FOUNDATION FOR K-12 SCHOOLS?
- The 990 for the year ended December 31, 2024 lists 35 people; 1 received compensation from the organization, the highest $41,540 (US BANK NA, TRUSTEE).
- How much revenue does ASSUMPTION FOUNDATION FOR K-12 SCHOOLS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $628,314, expenses of $793,388 and total assets of $7,146,917 at year end.
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