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Nonprofiteer
← CHAMINADE DEVELOPMENT FUND INC

Form 990 for tax year 2024

Filed by CHAMINADE DEVELOPMENT FUND INC.

Totals

Total revenue
$14,503,825
Total expenses
$9,853,700
Contributions and grants received
$8,739,009
Grants paid
$7,525,830
Program service revenue
$76,000
Investment income
$5,017,955
Other revenue
$670,861
Total assets, end of year
$102,567,625
Total liabilities, end of year
$97,309
Net assets or fund balances, end of year
$102,470,316
Program services expenses (Part IX)
$7,525,830
Management and general expenses
$1,457,564
Fundraising expenses
$870,306
Program service expenses (Part III)
$7,525,830

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $277,989

  • 1f · All other contributions, gifts and grants

    $8,461,020

  • 1g · Noncash contributions included above

    $1,227,046

  • 2a · Program service revenue: TUITION GUARANTEE PROGRAM

    total $76,000 · related or exempt $76,000

  • 3 · Investment income

    total $2,781,707 · excluded $2,781,707

  • 7a · Gross sales of assets other than inventory

    securities $20,055,628

  • 7b · Less cost or other basis and sales expenses

    securities $17,819,380

  • 7c · Gain or loss

    securities $2,236,248

  • 7d · Net gain or loss

    total $2,236,248 · excluded $2,236,248

  • 8a · Fundraising events: gross income

    $2,016,297

  • 8a · Fundraising events: contributions included on line 1c

    $277,989

  • 8b · Fundraising events: direct expenses

    $1,345,436

  • 8c · Net income from fundraising events

    total $670,861 · excluded $670,861

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,525,830 · program services $7,525,830

  • 7 · Other salaries and wages

    total $979,830 · management and general $484,761 · fundraising $495,069

  • 8 · Pension plan contributions

    total $86,160 · management and general $41,455 · fundraising $44,705

  • 9 · Other employee benefits

    total $215,711 · management and general $129,033 · fundraising $86,678

  • 10 · Payroll taxes

    total $67,360 · management and general $35,526 · fundraising $31,834

  • 11a · Fees: management

    total $1,500 · management and general $1,500

  • 11c · Fees: accounting

    total $33,000 · management and general $33,000

  • 11f · Fees: investment management

    total $383,041 · management and general $383,041

  • 13 · Office expenses

    total $349,248 · management and general $349,248

  • 24a · Other expenses: PRINTING & MAILING EXP.

    total $176,258 · fundraising $176,258

  • 24b · Other expenses: ADMIN. & GENERAL

    total $35,762 · fundraising $35,762

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280,985 · end of year $212,238

  • 2 · Savings and temporary cash investments

    beginning of year $4,457,111 · end of year $3,693,121

  • 3 · Pledges and grants receivable

    beginning of year $3,302,838 · end of year $2,242,874

  • 12 · Investments: other securities

    beginning of year $84,656,424 · end of year $96,241,510

  • 15 · Other assets

    beginning of year $202,246 · end of year $177,882

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,159 · end of year $97,309

  • 27 · Net assets without donor restrictions

    beginning of year $47,605,661 · end of year $50,752,158

  • 28 · Net assets with donor restrictions

    beginning of year $44,947,784 · end of year $51,718,158

Mission and programs · 2024

Mission

TO PROVIDE CATHOLIC EDUCATION THROUGH FINANCIAL SUPPORT FOR CHAMINADE HIGH SCHOOL LOCATED IN MINEOLA, NEW YORK.

  • CHAMINADE HIGH SCHOOL SUPPORT - APPROXIMATELY 1,650 STUDENTS BENEFITED THROUGH REDUCED TUITION CHARGES.

    Expenses $3,680,820 · Grants $3,680,820

  • SCHOLARSHIP AND STUDENT AID - PARTIAL TUITION PAID FOR SELECTED STUDENTS BASED UPON MERIT AND/OR FINANCIAL NEED - 101 STUDENTS BENEFITED

    Expenses $1,882,152 · Grants $1,882,152

  • Expenses $1,962,858 · Grants $1,962,858

As filed on the 2024 return.

Listed in Part VII

  • Bro Thomas J Cleary Sm

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Bro Joseph D Bellizzi Sm

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Bro Stephen V Balletta Sm

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Bro Richard H Hartz Sm

    SECT'Y/TREAS.

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • CHAMINADE HIGH SCHOOL

    $4,568,322

    TO PROVIDE CATHOLIC EDUCATION THROUGH FINANCIAL SUPPORT FOR CHAMINADE HIGH SCHOOL LOCATED IN MINEOLA, NEW YORK.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CHAMINADE HIGH SCHOOL

    SECTION 501(C)(3) · OPERATES A PRIVATE NOT-FOR-PROFIT CATHOLIC BOY'S HIGH SCHOOL · NY

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349305745

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