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← SHEPHERDS OF YOUTH CHARITABLE TRUST

Form 990 for tax year 2023

Filed by SHEPHERDS OF YOUTH CHARITABLE TRUST.

Totals

Total revenue
$1,132,287
Total expenses
$331,141
Contributions and grants received
$119,723
Grants paid
$254,488
Program service revenue
$0
Investment income
$843,235
Other revenue
$169,329
Total assets, end of year
$5,865,822
Total liabilities, end of year
$34,289
Net assets or fund balances, end of year
$5,831,533
Program services expenses (Part IX)
$256,261
Management and general expenses
$66,904
Fundraising expenses
$7,976
Program service expenses (Part III)
$256,261

Program services were 77.4% 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.

  • 1f · All other contributions, gifts and grants

    $119,723

  • 3 · Investment income

    total $124,284 · excluded $124,284

  • 7a · Gross sales of assets other than inventory

    securities $3,486,915

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

    securities $2,767,964

  • 7c · Gain or loss

    securities $718,951

  • 7d · Net gain or loss

    total $718,951 · related or exempt $718,951

  • 8a · Fundraising events: gross income

    $286,525

  • 8b · Fundraising events: direct expenses

    $117,196

  • 8c · Net income from fundraising events

    total $169,329 · excluded $169,329

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $254,488 · program services $254,488

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11f · Fees: investment management

    total $43,146 · management and general $43,146

  • 11g · Fees: other

    total $100 · management and general $100

  • 13 · Office expenses

    total $17,724 · program services $1,773 · management and general $7,975 · fundraising $7,976

  • 23 · Insurance

    total $4,008 · management and general $4,008

  • 24a · Other expenses: NJ CHARITIES REGISTRATION

    total $175 · management and general $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $738,695 · end of year $342,039

  • 11 · Investments: publicly traded securities

    beginning of year $4,440,685 · end of year $5,523,783

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,174 · end of year $23,275

  • 25 · Other liabilities

    beginning of year $16,086 · end of year $11,014

  • 27 · Net assets without donor restrictions

    beginning of year $3,765,103 · end of year $4,386,201

  • 28 · Net assets with donor restrictions

    beginning of year $1,375,017 · end of year $1,445,332

Mission and programs · 2023

Mission

SHEPHERDS OF YOUTH CHARITABLE TRUST ENDEAVORS TO HELP THE VOCATIONIST FATHERS AND SISTERS DELIVER A NONDISCRIMINATORY, QUALITY EDUCATION TO THE CHILDREN OF THE POOR WITH THE GOAL OF PROVIDING WAYS TO TERMINATE THE LEGACY OF POVERTY AND TO PROMOTE THE MORAL AND SPIRITUAL INTEGRITY OF THE COMMUNITIES THE VOCATIONISTS SERVE BY SUPPORTING AND ENCOURAGING CANDIDATES FOR THE PRIESTHOOD AND RELIGIOUS LIFE.

  • THE FUND SUPPORTS SCHOLARSHIPS TO THE POOR PROVIDING QUALITY EDUCATION WITH THE IDEA OF PROMOTING MORAL AND SPIRITUAL INTEGRITY, ENCOURAGING CANDIDATES FOR THE PRIESTHOOD AND RELIGIOUS LIFE.

    Expenses $91,773 · Grants $90,000

  • THE PROGRAM DIRECTLY SERVICES AND SUPPORTS ST. MICHAELS SCHOOL - 27 CRITENDEN STREET, NEWARK, NJ 07104

    Expenses $164,488 · Grants $164,488

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Balascio

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rosanna Bio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Casper Bocina

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sr Romilda Borges

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew J Camelotto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Cerino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Claps

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christina Curtis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert D'Alia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sr Perpetua Daconceicoa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Anthony Davino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fran Davino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Donovan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph Alessi Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gerald Frungillo

    2ND VICE PRE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Leach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Liccardi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William McGee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Niccolai

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dominick L Paragano

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dominick V Paragano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nazario M Paragano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Kennelly Patrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael J Patrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Rizzo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sergio Sciancalepore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fr Louis Caputo Sdv

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202423209349326387

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