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← HOLY FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by HOLY FAMILY FOUNDATION.

Totals

Total revenue
$3,829,428
Total expenses
$2,135,404
Contributions and grants received
$3,222,988
Grants paid
$1,830,719
Program service revenue
$0
Investment income
$405,681
Other revenue
$200,759
Total assets, end of year
$19,607,904
Total liabilities, end of year
$238,052
Net assets or fund balances, end of year
$19,369,852
Program services expenses (Part IX)
$1,830,719
Management and general expenses
$31,686
Fundraising expenses
$272,999
Program service expenses (Part III)
$1,830,719

Program services were 85.7% 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.

  • 1a · Federated campaigns

    $35,262

  • 1f · All other contributions, gifts and grants

    $3,187,726

  • 3 · Investment income

    total $405,681 · excluded $405,681

  • 8a · Fundraising events: gross income

    $257,393

  • 8b · Fundraising events: direct expenses

    $61,223

  • 8c · Net income from fundraising events

    total $196,170 · excluded $196,170

  • 11a · Other revenue: MISCELLANEOUS

    total $4,589 · related or exempt $4,589

  • 11e · Other revenue, total

    $4,589

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,830,719 · program services $1,830,719

  • 7 · Other salaries and wages

    total $162,563 · fundraising $162,563

  • 9 · Other employee benefits

    total $21,302 · fundraising $21,302

  • 10 · Payroll taxes

    total $9,227 · fundraising $9,227

  • 11c · Fees: accounting

    total $22,359 · management and general $6,351 · fundraising $16,008

  • 11f · Fees: investment management

    total $12,515 · fundraising $12,515

  • 11g · Fees: other

    total $432 · fundraising $432

  • 13 · Office expenses

    total $10,870 · fundraising $10,870

  • 14 · Information technology

    total $486 · fundraising $486

  • 16 · Occupancy

    total $2,446 · fundraising $2,446

  • 17 · Travel

    total $563 · fundraising $563

  • 19 · Conferences, conventions and meetings

    total $1,039 · fundraising $1,039

  • 20 · Interest

    total $526 · fundraising $526

  • 21 · Payments to affiliates

    total $25,335 · management and general $25,335

  • 24a · Other expenses: MISCELLANEOUS

    total $24,684 · fundraising $24,684

  • 24b · Other expenses: DUES

    total $8,326 · fundraising $8,326

  • 24c · Other expenses: PRINTING AND PUBLICATIO

    total $1,770 · fundraising $1,770

  • 24d · Other expenses: EQUIPMENT

    total $242 · fundraising $242

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $356,472 · end of year $398,896

  • 3 · Pledges and grants receivable

    beginning of year $5,019,085 · end of year $5,897,193

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,359 · end of year $13,988

  • 11 · Investments: publicly traded securities

    beginning of year $11,416,537 · end of year $13,209,069

  • 15 · Other assets

    beginning of year $188,353 · end of year $88,758

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,506 · end of year $88,248

  • 25 · Other liabilities

    beginning of year $23,407 · end of year $149,804

  • 27 · Net assets without donor restrictions

    beginning of year $9,706,912 · end of year $11,299,625

  • 28 · Net assets with donor restrictions

    beginning of year $7,177,981 · end of year $8,070,227

Mission and programs · 2023

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$1,597,118 FOR PROGRAM ENHANCEMENTS. HFF PROVIDED FUNDS TO SUPPORT PROGRAMS OF NAZARETH PREP THAT DEMONSTRATED SPECIFIC NEEDS.

    Expenses $1,597,118 · Grants $1,597,118

  • GRANTS TO HOLY FAMILY INSTITUTE$233,601 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 $233,601 · Grants $233,601

As filed on the 2023 return.

Listed in Part VII

  • Sister Linda Yankoski Csfn EdD

    CEO(EX-OFFICIO)

    Total calculated
    $263,843
    From this org
    $0
    From related orgs
    $0
    Other
    $263,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $250,324 related
    Nontaxable benefits
    $0 + $13,519 related
    Filer's total
    $0 + $263,843 related

  • Michael Sexauer

    PRESIDENT(EX-OFFICIO)

    Total calculated
    $220,125
    From this org
    $0
    From related orgs
    $213,727
    Other
    $6,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $213,727 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,398 related
    Filer's total
    $0 + $220,125 related

  • Mark Palastro

    CFO

    Total calculated
    $167,803
    From this org
    $0
    From related orgs
    $150,549
    Other
    $17,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $150,549 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,254 related
    Filer's total
    $0 + $167,803 related

  • Stacy Brovitz

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James R Haggerty

    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

  • Dennis Gilfoyle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura Karet

    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. 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
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202521189349301952

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