Skip to content
Nonprofiteer
← HOLY FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by HOLY FAMILY FOUNDATION.

Totals

Total revenue
$5,318,188
Total expenses
$1,572,821
Contributions and grants received
$4,925,869
Grants paid
$1,336,396
Program service revenue
$0
Investment income
$217,790
Other revenue
$174,529
Total assets, end of year
$16,994,806
Total liabilities, end of year
$109,913
Net assets or fund balances, end of year
$16,884,893
Program services expenses (Part IX)
$1,336,396
Management and general expenses
$8,495
Fundraising expenses
$227,930
Program service expenses (Part III)
$1,336,396

Program services were 85.0% 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.

  • 1a · Federated campaigns

    $33,218

  • 1f · All other contributions, gifts and grants

    $4,892,651

  • 3 · Investment income

    total $217,790 · excluded $217,790

  • 8a · Fundraising events: gross income

    $256,883

  • 8b · Fundraising events: direct expenses

    $90,089

  • 8c · Net income from fundraising events

    total $166,794 · excluded $166,794

  • 11a · Other revenue: MISCELLANEOUS

    total $7,735 · related or exempt $7,735

  • 11e · Other revenue, total

    $7,735

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,336,396 · program services $1,336,396

  • 7 · Other salaries and wages

    total $45,215 · fundraising $45,215

  • 9 · Other employee benefits

    total $6,429 · fundraising $6,429

  • 10 · Payroll taxes

    total $3,376 · fundraising $3,376

  • 11c · Fees: accounting

    total $17,372 · management and general $1,592 · fundraising $15,780

  • 11f · Fees: investment management

    total $11,852 · fundraising $11,852

  • 11g · Fees: other

    total $570 · fundraising $570

  • 13 · Office expenses

    total $117 · fundraising $117

  • 14 · Information technology

    total $362 · fundraising $362

  • 16 · Occupancy

    total $3,978 · fundraising $3,978

  • 17 · Travel

    total $787 · fundraising $787

  • 19 · Conferences, conventions and meetings

    total $1,110 · fundraising $1,110

  • 20 · Interest

    total $2,068 · fundraising $2,068

  • 21 · Payments to affiliates

    total $6,903 · management and general $6,903

  • 24a · Other expenses: MISCELLANEOUS

    total $124,159 · fundraising $124,159

  • 24b · Other expenses: DUES

    total $8,029 · fundraising $8,029

  • 24c · Other expenses: PRINTING AND PUBLICATIO

    total $3,000 · fundraising $3,000

  • 24d · Other expenses: EQUIPMENT

    total $834 · fundraising $834

  • 24e · All other expenses

    total $264 · fundraising $264

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,331,999 · end of year $356,472

  • 3 · Pledges and grants receivable

    beginning of year $3,007,042 · end of year $5,019,085

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,049 · end of year $14,359

  • 11 · Investments: publicly traded securities

    beginning of year $7,319,037 · end of year $11,416,537

  • 15 · Other assets

    beginning of year $84,212 · end of year $188,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,899 · end of year $86,506

  • 25 · Other liabilities

    beginning of year $114,365 · end of year $23,407

  • 27 · Net assets without donor restrictions

    beginning of year $7,253,527 · end of year $9,706,912

  • 28 · Net assets with donor restrictions

    beginning of year $5,325,548 · end of year $7,177,981

Mission and programs · 2022

Mission

HOLY FAMILY FOUNDATION PROVIDES FUNDRAISING EXPERTISE TO SUPPORT HOLY FAMILY'S MISSION AND MINISTRIES, INCLUDING NAZARETH PREP.

Activities or mission (Part I)

HOLY FAMILY FOUNDATION (HFF) SUPPORTS CHILDREN AND FAMILIES THROUGH FUNDRAISING.

  • GRANTS TO NAZARETH PREP$1,164,751 FOR PROGRAM ENHANCEMENTS. HFF PROVIDED FUNDS TO SUPPORT PROGRAMS OF NAZARETH PREP THAT DEMONSTRATED SPECIFIC NEEDS.

    Expenses $1,164,751 · Grants $1,164,751

  • GRANTS TO HOLY FAMILY INSTITUTE$171,645 FOR PROGRAM ENHANCEMENTS. HFF PROVIDED FUNDS TO SUPPORT PROGRAMS OF HFI THAT DEMONSTRATED SPECIFIC NEEDS. HFF SOLICITS RESTRICTED AND UNRESTRICTED CONTRIBUTIONS FROM CORPORATIONS, FOUNDATIONS, INDIVIDUALS AND OTHER SOURCES. HFF ALSO RESPONDS TO NEW PROGRAM AND SERVICE OPPORTUNITIES BY WRITING PROPOSALS AND REPORTS TO SECURE GOVERNMENT-FUNDED CONTRACTS. HFF ACCEPTS AND DISTRIBUTES EDUCATIONAL IMPROVEMENT TAX CREDITS. HFF GRANTED TO NAZARETH PREP SCHOLARSHIPS FROM TAX CREDITS AND PRIVATE GIFTS.

    Expenses $171,645 · Grants $171,645

As filed on the 2022 return.

Listed in Part VII

  • Morgan K O'Brien

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Brovitz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elisa J Cavalier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles C Casalnova

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ralph G Fischer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James R Haggerty

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura Karet

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sister Linda Yankoski Csfn EdD

    CEO

    Total calculated
    $265,401
    From this org
    $0
    From related orgs
    $0
    Other
    $265,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $259,506 related
    Nontaxable benefits
    $0 + $5,895 related
    Filer's total
    $0 + $265,401 related

  • Mark Palastro

    CFO

    Total calculated
    $162,703
    From this org
    $0
    From related orgs
    $146,179
    Other
    $16,524
    Hours/week
    40

  • Michael Sexauer

    PRESIDENT

    Total calculated
    $193,533
    From this org
    $0
    From related orgs
    $187,046
    Other
    $6,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $187,046 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,487 related
    Filer's total
    $0 + $193,533 related

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

  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1B
EXPENSES FOR THE RESIDENCE FOR PERSONAL USE ARE PAID BASED FROM ACTUAL INVOICES RECEIVED. COMPENSATION WAS NOT PAID DIRECTLY TO SISTER LINDA YANKOSKI. PAYMENTS WERE MADE TO HER ORDER, SISTERS OF THE HOLY FAMILY OF NAZARETH.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
24 April 2024
IRS schema version
2022v5.0
Source object
202431169349302208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.