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← HALO INITIATIVE FOR CATHOLIC EDUCATION I

Form 990 for tax year 2022

Filed by HALO INITIATIVE FOR CATHOLIC EDUCATION I.

Totals

Total revenue
$663,785
Total expenses
$728,476
Contributions and grants received
$441,535
Grants paid
$451,178
Program service revenue
$222,250
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,722
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,722
Program services expenses (Part IX)
$592,162
Management and general expenses
$116,179
Fundraising expenses
$20,135
Program service expenses (Part III)
$592,162

Program services were 81.3% 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.

  • 1d · Related organizations

    $166,335

  • 1f · All other contributions, gifts and grants

    $275,200

  • 2a · Program service revenue: TUITION ASSISTANCE SUP

    total $222,250 · related or exempt $222,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $451,178 · program services $451,178

  • 5 · Compensation of officers, directors and key employees

    total $150,250 · program services $112,688 · management and general $37,562

  • 7 · Other salaries and wages

    total $65,394 · management and general $47,125 · fundraising $18,269

  • 9 · Other employee benefits

    total $9,185 · program services $6,889 · management and general $2,296

  • 10 · Payroll taxes

    total $16,206 · program services $11,141 · management and general $3,714 · fundraising $1,351

  • 11b · Fees: legal

    total $3,420 · management and general $3,420

  • 11c · Fees: accounting

    total $1,200 · management and general $1,200

  • 11g · Fees: other

    total $4,967 · management and general $4,967

  • 12 · Advertising and promotion

    total $10,266 · program services $10,266

  • 13 · Office expenses

    total $2,051 · management and general $1,593 · fundraising $458

  • 23 · Insurance

    total $10,834 · management and general $10,834

  • 24a · Other expenses: CONTRACTORS

    total $2,290 · management and general $2,290

  • 24b · Other expenses: INTERNET AND TELEPHONE

    total $1,098 · management and general $1,098

  • 24c · Other expenses: MEALS

    total $109 · management and general $52 · fundraising $57

  • 24d · Other expenses: BANK CHARGES

    total $28 · management and general $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,574 · end of year $9,110

  • 9 · Prepaid expenses and deferred charges

    end of year $612

  • 27 · Net assets without donor restrictions

    beginning of year $56,823 · end of year $9,722

  • 28 · Net assets with donor restrictions

    beginning of year $5,751 · end of year $0

Mission and programs · 2022

Mission

TO WORK ALONGSIDE OUR CSO AND THE DALLAS COMMUNITY TO STRENGTHEN, GROW THE IMPACT OF, AND PROVIDE BROAD-BASED ACCESS TO OUR K-8 CATHOLIC SCHOOLS.

  • THE HALO INITIATIVE IS HELPING FAMILIES HAVE ACCESS TO CATHOLIC EDUCATION WITH SCHOLARSHIPS AND TUITION ASSISTANCE GRANTS TO CATHOLIC SCHOOLS. IN ADDITION, HALO FACILITATES DISTRIBUTION OF FUNDS FROM LIKE-MINDED ORGANIZATIONS TO SCHOOLS.

    Expenses $592,162 · Grants $451,178 · Revenue $222,250

As filed on the 2022 return.

Listed in Part VII

  • Rick Spurr

    DIRECTOR AND CHAIRMAN

    Total calculated
    $0
    Hours/week
    2.5

  • Fr Alfonse Nazzaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Hanratty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Popolo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Schaffler

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Matt Vereecke

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Laura Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jane Koenecke

    EXECUTIVE DIRECTOR

    Total calculated
    $150,250
    From this org
    $150,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $150,250

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202343169349300684

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