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← CAMPAIGN FOR CARDINAL SPELLMAN HIGH SCHOOL FOUNDATION INC

Form 990 for tax year 2024

Filed by CAMPAIGN FOR CARDINAL SPELLMAN HIGH SCHOOL FOUNDATION INC.

Totals

Total revenue
$1,215,998
Total expenses
$1,079,765
Contributions and grants received
$550,532
Grants paid
$1,019,572
Program service revenue
$0
Investment income
$665,466
Other revenue
$0
Total assets, end of year
$21,482,008
Total liabilities, end of year
$2,034,656
Net assets or fund balances, end of year
$19,447,352
Program services expenses (Part IX)
$1,019,572
Management and general expenses
$60,193
Fundraising expenses
$0
Program service expenses (Part III)
$1,019,572

Program services were 94.4% 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.

  • 1e · Government grants (contributions)

    $77,860

  • 1f · All other contributions, gifts and grants

    $472,672

  • 3 · Investment income

    total $659,621 · excluded $659,621

  • 7a · Gross sales of assets other than inventory

    securities $256,293

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

    securities $250,448

  • 7c · Gain or loss

    securities $5,845

  • 7d · Net gain or loss

    total $5,845 · excluded $5,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $878,460 · program services $878,460

  • 2 · Grants to domestic individuals

    total $141,112 · program services $141,112

  • 11c · Fees: accounting

    total $43,421 · management and general $43,421

  • 11f · Fees: investment management

    total $241 · management and general $241

  • 11g · Fees: other

    total $14,210 · management and general $14,210

  • 13 · Office expenses

    total $2,321 · management and general $2,321

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,504,045 · end of year $2,981,361

  • 3 · Pledges and grants receivable

    beginning of year $159,053 · end of year $10,000

  • 11 · Investments: publicly traded securities

    beginning of year $14,525,012 · end of year $18,485,439

  • 15 · Other assets

    beginning of year $0 · end of year $5,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,750 · end of year $34,656

  • 25 · Other liabilities

    beginning of year $3,035,051 · end of year $2,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $9,260,007 · end of year $10,348,424

  • 28 · Net assets with donor restrictions

    beginning of year $8,860,302 · end of year $9,098,928

Mission and programs · 2024

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 8/31/25, 155 STUDENTS RECEIVED SCHOLARSHIPS.

    Expenses $1,019,572 · Grants $1,019,572

As filed on the 2024 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
  • Gerald S Adolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Nicholas A 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
2024
Filed
9 July 2026
IRS schema version
2024v5.5
Source object
202631909349300148

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