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Nonprofit · EIN 51-0144999

SCHOLA FOUNDATION

Tax-exempt · MANKATO, MN 56001

Financials

$917K$1.3M2022$1.6M$434K2023$602K$751K2024
Revenue Expenses · by fiscal year end
Financials of SCHOLA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$601,844$751,369-$149,525$11,036,408$786,567$10,249,841
June 30, 2024990$1,616,202$433,749$1,182,453$11,493,302$1,123,912$10,369,390
June 30, 2023990$917,272$1,274,566-$357,294$11,887,333$3,807,023$8,080,310
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$218,924
Program service revenue
$0
Investment income
$117,264
Net rental income
$265,656
Net gain from sales of assets
-$120,099
Other revenue
$265,656

Expenses

Grants and similar amounts paid
$490,030
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$19,075
Program services (functional)
$707,043
Management and general (functional)
$44,326

Balance sheet and other

Total assets, start of year
$11,493,302
Total assets, end of year
$11,036,408
Total liabilities, end of year
$786,567
Net assets, end of year
$10,249,841
Land, buildings and equipment
$2,750,362
Publicly traded securities
$5,433,881
Net assets without donor restrictions
$2,862,223
Net assets with donor restrictions
$7,387,618
Gross receipts
$9,011,304
Employees
0
Year formed
1975
State of legal domicile
MN

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DOUG HELGETPRESIDENT
Trustee or director, Officer
1$0
COLBY STALOCHVICE PRESIDE
Trustee or director, Officer
1$0
ADRIENNE FAHRFORTHSECRETARY
Trustee or director, Officer
1$0
JON MOCOLTREASURER
Trustee or director, Officer
1$0
GREGG ANDERSONBOARD MEMBER
Trustee or director
1$0
REGGIE REIDBOARD MEMBER
Trustee or director
1$0
JO BAILYBOARD MEMBER
Trustee or director
1$0
CAROL BRADYBOARD MEMBER
Trustee or director
1$0
TONY ROTCHADLBOARD MEMBER
Trustee or director
1$0
PAUL GASPARBOARD MEMBER
Trustee or director
1$0
NATHAN GRUENZNERBOARD MEMBER
Trustee or director
1$0
LANCE JEPPSONBOARD MEMBER
Trustee or director
1$0
RICK HAEFNERBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
DOUG HELGETPRESIDENT
Officer
1$0
COLBY STALOCHVICE PRESIDE
Officer
1$0
ADRIENNE FAHRFORTHSECRETARY
Officer
1$0
JON MOCOLTREASURER
Officer
1$0
GREGG ANDERSONBOARD MEMBER
Trustee or director
1$0
REGGIE REIDBOARD MEMBER
Trustee or director
1$0
JO BAILYBOARD MEMBER
Trustee or director
1$0
CAROL BRADYBOARD MEMBER
Trustee or director
1$0
TONY ROTCHADLBOARD MEMBER
Trustee or director
1$0
PAUL GASPARBOARD MEMBER
Trustee or director
1$0
NATHAN GRUENZNERBOARD MEMBER
Trustee or director
1$0
LANCE JEPPSONBOARD MEMBER
Trustee or director
1$0
RICK HAEFNERBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 19 people
NameTitleHours / weekCompensation
LARRY KRMPOTICHPRESIDENT
Officer
1$0
DOUG HELGETVICE PRESIDE
Officer
1$0
SHIRLEY PIEPHOSECRETARY
Officer
1$0
JON MOCOLTREASURER
Officer
1$0
GREGG ANDERSONBOARD MEMBER
Trustee or director
1$0
SISTER MARY KAY GOSCHBOARD MEMBER
Trustee or director
1$0
ADRIENNE FAHRFORTHBOARD MEMBER
Trustee or director
1$0
NATHAN GRUENZNERBOARD MEMBER
Trustee or director
1$0
RICK HAEFNERBOARD MEMBER
Trustee or director
1$0
JO BAILYBOARD MEMBER
Trustee or director
1$0
PAUL GASPARBOARD MEMBER
Trustee or director
1$0
TONY ROTCHADLBOARD MEMBER
Trustee or director
1$0
MATTHEW SCHAEFERBOARD MEMBER
Trustee or director
1$0
CAROL BRADYBOARD MEMBER
Trustee or director
1$0
BRIAN ZINSBOARD MEMBER
Trustee or director
1$0
COLBY STALOCHBOARD MEMBER
Trustee or director
1$0
SUSAN PELLERBOARD MEMBER
Trustee or director
1$0
REGGIE REIDBOARD MEMBER
Trustee or director
1$0
RON VETTERADVISORY MEM
Trustee or director
1$0

Address and contacts

Address (IRS master file)
145 GOOD COUNSEL DR, MANKATO, MN 56001-3146
Principal officer (990 for 2024)
DOUG HELGET, 145 GOOD COUNSEL DRIVE, MANKATO, MN 56001
Signed the 990
DOUG HELGET, PRESIDENT
Phone
(507) 388-0617
Return prepared by
CARLSONSV LLP

Mission

THE SCHOLA FOUNDATION SUPPORTS AND CELEBRATES LOYOLA CATHOLIC SCHOOL BY SOLICITING ENDOWED AND UNRESTRICTED FUNDS FROM INDIVIDUALS AND CORPORATIONS FOR THE IMMEDIATE AND LONG TERM BENEFIT OF THE STUDENTS AND STAFF OF LOYOLA CATHOLIC SCHOOL.

990 for the year ended June 30, 2025

Program accomplishments

  • MANKATO AREA CATHOLIC SCHOOLS - EDUCATIONAL SUPPORT IN THE FORM OF FINANCIAL ASSISTANCE CURRENTLY TO LOYOLA CATHOLIC SCHOOL PRE K THROUGH 12TH GRADE.
    Expenses $707,043 · grants $490,030
  • PROVIDE FINANCIAL ASSISTANCE TO A LOCAL NONPROFIT.
  • PARK DEDICATION FEE TO THE CITY OF MANKATO.

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
51-0144999
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
1975
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24C)
Assets (IRS master file)
$11,036,408
Income (IRS master file)
$9,011,304

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$601,844$751,369$11,036,408IRS
990June 2024$1,616,202$433,749$11,493,302XML
990-TJune 2024–––IRS
990June 2023$917,272$1,274,566$11,887,333XML
990June 2022$1,251,467$481,212$12,527,773IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––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 51-0144999).

Questions about SCHOLA FOUNDATION

What is the EIN of SCHOLA FOUNDATION?
The employer identification number (EIN) of SCHOLA FOUNDATION is 51-0144999.
Is SCHOLA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
Are donations to SCHOLA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SCHOLA FOUNDATION 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 SCHOLA FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SCHOLA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SCHOLA FOUNDATION?
The 990 for the year ended June 30, 2025 names DOUG HELGET.
Who are the officers and directors of SCHOLA FOUNDATION?
The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
How much revenue does SCHOLA FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $601,844, expenses of $751,369 and total assets of $11,036,408 at year end.

Other nonprofits in MANKATO

All nonprofits in MANKATO · Minnesota · Education