Form 990 for tax year 2023
Filed by HOLY FAMILY SCHOOL INNERCITY YOUTH FOUNDATION.
Totals
- Total revenue
- $698,479
- Total expenses
- $322,935
- Contributions and grants received
- $395,030
- Grants paid
- $213,300
- Program service revenue
- $0
- Investment income
- $325,108
- Other revenue
- -$21,659
- Total assets, end of year
- $15,851,920
- Total liabilities, end of year
- $2,370
- Net assets or fund balances, end of year
- $15,849,550
- Program services expenses (Part IX)
- $213,300
- Management and general expenses
- $109,275
- Fundraising expenses
- $360
- Program service expenses (Part III)
- $213,300
Program services were 66.1% 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.
-
1c · Fundraising events
$142,484
-
1f · All other contributions, gifts and grants
$252,546
-
3 · Investment income
total $312,439 · excluded $312,439
-
7a · Gross sales of assets other than inventory
securities $680,405
-
7b · Less cost or other basis and sales expenses
securities $667,736
-
7c · Gain or loss
securities $12,669
-
7d · Net gain or loss
total $12,669 · excluded $12,669
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$142,484
-
8b · Fundraising events: direct expenses
$21,659
-
8c · Net income from fundraising events
total -$21,659 · excluded -$21,659
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $213,300 · program services $213,300
-
7 · Other salaries and wages
total $44,356 · management and general $44,356
-
10 · Payroll taxes
total $3,251 · management and general $3,251
-
11c · Fees: accounting
total $9,000 · management and general $9,000
-
11f · Fees: investment management
total $21,638 · management and general $21,638
-
11g · Fees: other
total $9,367 · management and general $9,367
-
12 · Advertising and promotion
total $360 · fundraising $360
-
13 · Office expenses
total $17,206 · management and general $17,206
-
14 · Information technology
total $1,340 · management and general $1,340
-
19 · Conferences, conventions and meetings
total $296 · management and general $296
-
23 · Insurance
total $2,821 · management and general $2,821
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,013 · end of year $58,374
-
4 · Accounts receivable
beginning of year $6,050
-
11 · Investments: publicly traded securities
beginning of year $13,501,347 · end of year $15,793,546
-
17 · Accounts payable and accrued expenses
beginning of year $132 · end of year $2,370
-
27 · Net assets without donor restrictions
beginning of year $2,061,311 · end of year $2,825,234
-
28 · Net assets with donor restrictions
beginning of year $11,513,967 · end of year $13,024,316
Mission and programs · 2023
Mission
FINANCIAL ASSISTANCE FOR HOLY FAMILY SCHOOL
-
THE PRIMARY FUNCTION OF THE FOUNDATION IS TO RAISE FUNDS FOR THE ONGOING FINANCIAL SUPPORT OF THE HOLY FAMILY SCHOOL, WHICH EDUCATES APPROXIMATELY 250 STUDENTS OF VARIOUS ETHNIC BACKGROUNDS. CONTRIBUTIONS ARE SOLICITED THROUGH VARIOUS SOLICITATIONS WITH POTENTIAL DONORS WHICH USUALLY INCLUDE INDIVIDUALS, CHURCHES, AND PRIVATE FOUNDATIONS. THE FOUNDATION ISSUES AN ANNUAL NEWSLETTER TO DONORS AND SCHOOL ALUMNI TO KEEP THEM INFORMED OF THEIR ACTIVITIES AND TO ATTRACT PROSPECTIVE DONORS FOR FUTURE FUNDING. THE FOUNDATION MAINTAINS A SEPARATE FUND FOR TUITION ASSISTANCE WHICH HELPS LOW-INCOME FAMILIES OBTAIN AN EDUCATION FOR THEIR CHILDREN AND HELPS THE SCHOOL MAINTAIN ENROLLMENT AND TUITION REVENUES.
Expenses $213,300 · Grants $213,300
As filed on the 2023 return.
Listed in Part VII
-
Bill NothBILL NOTH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Catherine BerardiCATHERINE BERARDI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tim OswaldTIM OSWALD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Janet HolmsJANET HOLMS
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Fr Nivin ScariaFR NIVIN SCARIA
CANONICAL ADMINISTRATOR
- Total calculated
- $0
- Hours/week
- 1
-
Antonio BanuelosANTONIO BANUELOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe PriceJOE PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pat RoundsPAT ROUNDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie PyleSTEPHANIE PYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kris DeeKRIS DEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa DriscollTERESA DRISCOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joshua RothJOSHUA ROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony FreinANTHONY FREIN
DIRECTOR
- 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
-
HOLY FAMILY SCHOOL
$213,300
FINANCIAL ASSISTANCE FOR HOLY FAMILY SCHOOL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432829349300218
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