Form 990 for tax year 2024
Filed by ST PHILIP THE APOSTLE FOUNDATION INC.
Totals
- Total revenue
- $5,766,660
- Total expenses
- $2,624,793
- Contributions and grants received
- $2,760,989
- Grants paid
- $2,228,976
- Program service revenue
- $0
- Investment income
- $3,005,671
- Other revenue
- $0
- Total assets, end of year
- $48,348,481
- Total liabilities, end of year
- $45,967
- Net assets or fund balances, end of year
- $48,302,514
- Program services expenses (Part IX)
- $2,228,976
- Management and general expenses
- $395,817
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,228,976
Program services were 84.9% 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
$2,760,989
-
3 · Investment income
total $1,021,685 · excluded $1,021,685
-
7a · Gross sales of assets other than inventory
securities $13,110,613
-
7b · Less cost or other basis and sales expenses
securities $11,126,627
-
7c · Gain or loss
securities $1,983,986
-
7d · Net gain or loss
total $1,983,986 · excluded $1,983,986
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,228,976 · program services $2,228,976
-
11b · Fees: legal
total $97,446 · management and general $97,446
-
11f · Fees: investment management
total $221,656 · management and general $221,656
-
11g · Fees: other
total $50,000 · management and general $50,000
-
14 · Information technology
total $19,396 · management and general $19,396
-
19 · Conferences, conventions and meetings
total $1,192 · management and general $1,192
-
23 · Insurance
total $6,127 · management and general $6,127
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $481,541 · end of year $598,415
-
2 · Savings and temporary cash investments
beginning of year $1,443,161 · end of year $1,293,822
-
11 · Investments: publicly traded securities
beginning of year $37,767,056 · end of year $41,228,803
-
12 · Investments: other securities
beginning of year $4,128,595 · end of year $5,227,441
-
17 · Accounts payable and accrued expenses
beginning of year $56,175 · end of year $45,967
-
27 · Net assets without donor restrictions
beginning of year $6,491,056 · end of year $7,394,060
-
28 · Net assets with donor restrictions
beginning of year $37,273,122 · end of year $40,908,454
Mission and programs · 2024
Mission
THE MISSION OF THE FOUNDATION IS TO PROVIDE A MEANS FOR IMPROVING THE QUALITY OF LIFE OF THE YOUNG IN ACCORDANCE WITH THE TEACHINGS OF ST. JOHN BOSCO. THESE TEACHINGS DICTATE A RELIGIOUS IMPERATIVE THAT THE FOLLOWERS OF ST. JOHN BOSCO (KNOWN AS "SALESIANS") FULFILL THEIR RELIGIOUS VOCATION BY PROVIDING DIFFERING FORMS OF MINISTRY FOR THE YOUNG WHO LIVE IN POVERTY THROUGHOUT THE UNITED STATES AND THE WORLD.
Activities or mission (Part I)
PROVIDE FINANCIAL ASSISTANCE TO THE SALESIAN ORGANIZATIONS WITHIN THE SALESIAN SOCIETY, INC. (THE PROVINCE OF ST. PHILIP THE APOSTLE OF NEW ROCHELLE, NY) AND THE TERRITORY IT SERVES.
-
THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO THE VARIOUS SALESIAN ORGANIZATIONS WITHIN THE SALESIAN SOCIETY INC. (THE PROVINCE OF ST. PHILIP THE APOSTLE OF NEW ROCHELLE, NY) AND IN THE TERRITORY IT SERVES.
Expenses $2,228,976 · Grants $2,228,976
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Arber EftimiuARBER EFTIMIU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Sam PallottaSAM PALLOTTA
VICE PRESIDENT/CO-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael SassoMICHAEL SASSO
VP ADVANCEMENT
- Total calculated
- $0
- Hours/week
- 1
-
Angelo MarinoANGELO MARINO
VP BOARD DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 1
-
David MorenoDAVID MORENO
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Father Rich AlejuasFATHER RICH ALEJUAS
CO-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin C HeppesKEVIN C HEPPES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Stephen V BrunoSTEPHEN V BRUNO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael ConwayMICHAEL CONWAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Larry T CosentinoLARRY T COSENTINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christine DownesCHRISTINE DOWNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bill GilesBILL GILES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris GrinnellCHRIS GRINNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann HeekinANN HEEKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alina NazariALINA NAZARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James O'NeillJAMES O'NEILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Franco PintoFRANCO PINTO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph RuhlJOSEPH RUHL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christopher SmithCHRISTOPHER SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Neil SullivanNEIL SULLIVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gary TenenzapfGARY TENENZAPF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dominic TranDOMINIC TRAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey VargasJEFFREY VARGAS
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
-
$1,623,784
GENERAL SUPPORT
-
$255,755
GENERAL SUPPORT
-
$121,981
GENERAL SUPPORT
-
$73,234
GENERAL SUPPORT
-
$72,743
GENERAL SUPPORT
-
$49,751
GENERAL SUPPORT
-
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202602299349300220
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