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← CAMPAIGN FOR CARDINAL SPELLMAN HIGH SCHOOL FOUNDATION INC

Form 990 for tax year 2022

Filed by CAMPAIGN FOR CARDINAL SPELLMAN HIGH SCHOOL FOUNDATION INC.

Totals

Total revenue
$765,181
Total expenses
$1,433,755
Contributions and grants received
$314,999
Grants paid
$1,401,339
Program service revenue
$0
Investment income
$450,182
Other revenue
$0
Total assets, end of year
$17,355,512
Total liabilities, end of year
$852,785
Net assets or fund balances, end of year
$16,502,727
Program services expenses (Part IX)
$1,401,339
Management and general expenses
$32,416
Fundraising expenses
$0
Program service expenses (Part III)
$1,401,339

Program services were 97.7% 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.

  • 1f · All other contributions, gifts and grants

    $314,999

  • 3 · Investment income

    total $452,496 · excluded $452,496

  • 7a · Gross sales of assets other than inventory

    securities $113,331

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

    securities $115,645

  • 7c · Gain or loss

    securities -$2,314

  • 7d · Net gain or loss

    total -$2,314 · excluded -$2,314

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $843,106 · program services $843,106

  • 2 · Grants to domestic individuals

    total $558,233 · program services $558,233

  • 11c · Fees: accounting

    total $20,131 · management and general $20,131

  • 11f · Fees: investment management

    total $2,159 · management and general $2,159

  • 11g · Fees: other

    total $9,620 · management and general $9,620

  • 13 · Office expenses

    total $506 · management and general $506

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,191,227 · end of year $5,831,242

  • 3 · Pledges and grants receivable

    beginning of year $892,770 · end of year $459,239

  • 11 · Investments: publicly traded securities

    beginning of year $10,111,365 · end of year $11,065,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,700 · end of year $22,200

  • 25 · Other liabilities

    beginning of year $685,770 · end of year $830,585

  • 27 · Net assets without donor restrictions

    beginning of year $7,512,452 · end of year $8,006,365

  • 28 · Net assets with donor restrictions

    beginning of year $8,977,440 · end of year $8,496,362

Mission and programs · 2022

Mission

PROVIDE FINANCIAL ASSISTANCE TO CARDINAL SPELLMAN HIGH SCHOOL TO BE USED FOR SCHOOL SPONSORED SCHOLARSHIPS, CAPITAL IMPROVEMENTS, EDUCATIONAL EQUIPMENT SUCH AS COMPUTER AND LABORATORY EQUIPMENT, AND SUPPORT OF GENERAL OPERATING COST SHORTFALLS.

  • FUNDING FOR SCHOLARSHIPS GIVEN BY CARDINAL SPELLMAN HIGH SCHOOL ARE BASED UPON CRITERIA ESTABLISHED BY THE SCHOOL. SCHOLARSHIP FUNDING IS PAID DIRECTLY TO THE SCHOOL. DURING THE TAX YEAR ENDED 8/31/23, 639 STUDENTS RECEIVED SCHOLARSHIPS.SCARANGELLO SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE DONOR BASED ON ACADEMIC MERIT AND A SUBMITTED ESSAY. SCHOLARSHIP FUNDING IS PAID DIRECTLY TO THE SCHOOL. DURING THE TAX YEAR ENDED 8/31/23, SEVEN (7) STUDENTS RECEIVED SCARANGELLO SCHOLARSHIPS OF $60,900.

    Expenses $1,401,339 · Grants $1,401,339

As filed on the 2022 return.

Listed in Part VII

  • Patrick G Boyle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Richard A Nardi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Daniel S O'Connell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brendan Spillane

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Gaspare J Cerullo

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Gerald Adolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nick Mancini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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
15 July 2024
IRS schema version
2022v5.0
Source object
202411979349300856

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