Civic Intelligence

Holy Family Academy

990 • Fiscal year 2018 • EIN 23-2939532

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 30, 2019

8235 Ohio River BoulevardPittsburgh, PA 15202

(412) 766-4030

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.34x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

26th percentile

-3.9%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

70th percentile

$175,711

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

5th percentile

-18%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-0.3%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,354,462

Down $515,535 (-18%) from 2017

Net Assets

Down

$495,581

Down $214,194 (-30%) from 2017

Liabilities

Down

$1,858,881

Down $301,341 (-14%) from 2017

Revenue

Down

$5,494,247

Down $18,971 (-0.3%) from 2017

Expenses

Down

$5,708,440

Down $54,578 (-0.9%) from 2017

Net Income

Up

-$214,193

Up $35,607 (+14%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $3,396,507Liabilities 2010: $4,463,237Net Assets 2010: -$1,066,7302010Assets 2011: $2,644,702Liabilities 2011: $3,740,262Net Assets 2011: -$1,095,5602011Assets 2012: $1,060,003Liabilities 2012: $1,083,364Net Assets 2012: -$23,3612012Assets 2013: $1,794,633Liabilities 2013: $1,645,249Net Assets 2013: $149,3842013Assets 2014: $2,350,759Liabilities 2014: $1,805,347Net Assets 2014: $545,4122014Assets 2015: $4,060,608Liabilities 2015: $2,212,160Net Assets 2015: $1,848,4482015Assets 2016: $3,197,648Liabilities 2016: $2,238,073Net Assets 2016: $959,5752016Assets 2017: $2,869,997Liabilities 2017: $2,160,222Net Assets 2017: $709,7752017Assets 2018: $2,354,462Liabilities 2018: $1,858,881Net Assets 2018: $495,5812018Assets 2019: $1,610,153Liabilities 2019: $1,087,334Net Assets 2019: $522,8192019Assets 2020: $1,195,031Liabilities 2020: $608,416Net Assets 2020: $586,6152020Assets 2021: $1,027,158Liabilities 2021: $1,237,161Net Assets 2021: -$210,0032021Assets 2022: $828,233Liabilities 2022: $2,863,912Net Assets 2022: -$2,035,6792022Assets 2023: $1,422,212Liabilities 2023: $1,400,031Net Assets 2023: $22,1812023Assets 2024: $2,175,475Liabilities 2024: $239,004Net Assets 2024: $1,936,4712024

Highlighted filing

2018

Assets$2,354,462
Liabilities$1,858,881
Net Assets$495,581

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $11,354,7102010Expenses 2011: $9,932,5862011Expenses 2012: $1,099,8272012Revenue 2013: $2,350,677Expenses 2013: $2,178,211Net Income 2013: $172,4662013Revenue 2014: $2,588,265Expenses 2014: $2,263,906Net Income 2014: $324,3592014Revenue 2015: $5,828,464Expenses 2015: $4,525,428Net Income 2015: $1,303,0362015Revenue 2016: $4,621,908Expenses 2016: $5,510,777Net Income 2016: -$888,8692016Revenue 2017: $5,513,218Expenses 2017: $5,763,018Net Income 2017: -$249,8002017Revenue 2018: $5,494,247Expenses 2018: $5,708,440Net Income 2018: -$214,1932018Revenue 2019: $5,204,794Expenses 2019: $5,177,555Net Income 2019: $27,2392019Revenue 2020: $4,576,580Expenses 2020: $4,512,784Net Income 2020: $63,7962020Revenue 2021: $3,224,863Expenses 2021: $4,021,481Net Income 2021: -$796,6182021Revenue 2022: $2,275,152Expenses 2022: $4,100,828Net Income 2022: -$1,825,6762022Revenue 2023: $5,182,051Expenses 2023: $3,124,192Net Income 2023: $2,057,8592023Revenue 2024: $4,566,516Expenses 2024: $2,652,226Net Income 2024: $1,914,2902024

Highlighted filing

2018

Revenue$5,494,247
Expenses$5,708,440
Net Income-$214,193
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 30, 2019
Return Version
2017v2.3
Gross Receipts
$5,494,247
Mission and Program Overview

Mission

Nazareth prep is an innovative independent catholic school providing students of all faiths and economic status with a high school education leading to college or stem-focused careers.

Holy family academy (hfa) is a co-educational program to prepare students of all faiths and of limited economic means to succeed in school, work, and life and to contribute to the civic, religious, business and cultural life of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,749,464$2,261,353▼ $488,111
Pledges and Grants Receivable$40,473$70,012▲ $29,539
Prepaid Expenses and Deferred Charges$80,060$23,097▼ $56,963
Total Assets$2,869,997$2,354,462▼ $515,535
Liabilities
Deferred Revenue$1,125,403$942,290▼ $183,113
Accounts Payable and Accrued Expenses$634,718$659,571▲ $24,853
Other Liabilities$400,101$257,020▼ $143,081
Total Liabilities$2,160,222$1,858,881▼ $301,341
Net Assets / Fund Balance
Temporarily Rstr Net Assets$170,659$404,457▲ $233,798
Unrestricted Net Assets$539,116$91,124▼ $447,992
Total Net Assets Fund Balance$709,775$495,581▼ $214,194
Total Liabilities and Net Assets / Fund Balance$2,869,997$2,354,462▼ $515,535
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lisa M Abel-palmieri PhdExecutive DirectorFT$133,885$133,885
Mark PalastroCFOFT$123,602$123,602
Deborah GoodenProgram DirectorFT$66,317$66,317
Revenue and Support

Revenue Composition

Contributions and Grants
$3,437,711
Program Service Revenue
$2,056,536
Investment Income
$0
Other Revenue
$0
All Other Contributions
$87,499
Change in Net Assets
$-214,193

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,989,144
Revenue Not Reported on Financial Statements
$1,505,102
Revenue Not Reported on Form 990
$54,114
Other Revenue Adjustments
$1,505,102
Total Revenue per Audited Statements
$4,043,258
Total Revenue per Form 990
$5,494,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,193,602
Other Expenses$2,514,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,536,272--$2,536,272
Payments to Affiliates-$536,800-$536,800
Other Employee Benefits$416,462--$416,462
Occupancy$294,280--$294,280
Payroll Taxes$240,868--$240,868
Travel$220,422--$220,422
Office Expenses$217,189--$217,189
All Other Expenses$153,808--$153,808
Other Expenses$79,104--$79,104
Fees for Services Other$55,854--$55,854
Conferences and Meetings$26,057--$26,057
Fees for Services Accounting$14,094--$14,094
Fees for Services Legal$13,067--$13,067
Interest$795--$795
Total Functional Expenses$5,171,640$536,800$0$5,708,440

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,762,554
Expenses per Audited Statements$5,708,440
Total Expenses per Form 990$5,708,440
Expenses Not Reported on Form 990$54,114
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James HaggertyTrusteeLegal Services From Cohen & GrigsbyNo$9,349
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$135,988
Due to Related Parties$121,032
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of holy family academy shall be holy family institute, a pennsylvania nonprofit corporation.

Form 990, Part VI, Section A, Line 7A

The member may exercise its reserved powers by taking either of the following actions: (a) the board of directors of the member may act on the member's behalf in exercising the member's reserved powers over the corporation. (b) the board of directors of the member may by resolution appoint any two officers of the member to act on the member's behalf and such authorization may be general or limited to specific instances. The governance and operations of the corporation shall be subject to the member's right to exercise reserved powers. These reserved powers include the right to appoint and remove the board of trustees or any one or more of the trustees of the corporation, the executive director, and the chief executive officer of any affiliate.

Form 990, Part VI, Section A, Line 7B

The governance and operations of the corporation shall be subject to the member's right to exercise reserved powers. These reserved powers include the right to: (a) approve the recommendation of the board of trustees to appoint or remove the board of trustees or any one of more of the trustees of the corporation, the executive director, and the chief executive officer of any affiliate; (b) approve the purchase, sale, alienation, exchange, lease or encumbrance of any real property of the corporation or any affiliate; (c) approve the sale of substantially all of the assets of the corporation or of any affiliate; (d) approve the merger or dissolution of the corporation or of any affiliate; (e) approve the strategic plan of the corporation; (f) approve borrowing or financial obligation by the corporation or any affiliate; (g) approve any incremental or addition to the debt and/or renegotiation, modification or other change of existing debt of the corporation or of any affiliate; (h) approve the formation of any affiliate; (i) approve the policy for the distribution of grants of the corporation to any other corporation; (j) adopt policies to implement the reserved powers of the member

Form 990, Part VI, Section B, Line 11B

A copy of the draft 990 is reviewed by the cfo, president, and finance committee and made available to the board of directors prior to its filing.

Form 990, Part VI, Section B, Line 12C

The interested person must disclose the existence of the financial interest and must be given the opportunity to disclose all material facts to the directors and members of the committee. If it is believed a member has failed to disclose, the member shall be informed of the basis for such belief and the board will afford the member an opportunity to explain the failure to disclose. If deemed necessary the board shall take appropriate corrective and disciplinary action.

Form 990, Part VI, Section B, Line 15

It is the policy of holy family institute (hfi) that all executive compensation paid by the organization is reasonable based upon a review of comparability information. The policy provides a procedure for the review and approval of the compensation of the officers, directors, ceo, executive director or top management official, and key employees of the organization consistent with applicable federal tax law and pennsylvania law, with particular emphasis on "disqualified persons." using comparability data of like organizations, compensation is awarded after it is reviewed and approved by the human resource committee. Such actions are recorded in the minutes of the human resource committee meeting. Only persons without a conflict of interest with respect to the compensation arrangement at issue are involved.

Form 990, Part VI, Section C, Line 19

The above items are available upon request at holy family academy's administrative location during normal business hours. In addition, the organization's 990 is available online at www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Holy Family Academy
EIN
23-2939532
Phone
4127664030
Address
8235 OHIO RIVER BOULEVARD, PITTSBURGH, PA 15202

Signing Officer

Name
Mark Palastro
Title
CFO
Phone
4127664030
Signed
2019-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sister Linda Yankoski
Formed
1997
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
10
Employees
0
Volunteers
20

Preparer

Firm
Grossman Yanak & Ford Llp
Address
THREE GATEWAY CTR STE 1800, PITTSBURGH, PA 15222
Preparer
Richard E Dynoske
Phone
4123389300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Students are housed on the holy family institute campus and transported to several local private schools.

Form 990, Part XII, Line 2C

There were no changes to this process for 2016-2017.

Financial Statement Notes

PART X, LINE 2:

Fin 48 footnote - the internal revenue service has recognized hfa as exempt from federal income taxes under section 501(c)(3) of the internal revenue code and has further classified hfa as an organization which is not a private foundation. Accordingly, a provision for federal or state income tax is not required. After an assessment of hfa's tax positions, management believes that there is no liability related to uncertain tax positions at june 30, 2018. Hfa is no longer subject to tax examinations for years before june 30, 2014.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Grant from holy family affiliates 1,505,102.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13PROGRAM DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05494247
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HOLY FAMILY ACADEMY (HFA) IS AN INNOVATIVE INDEPENDENT CATHOLIC SCHOOL PROVIDING STUDENTS OF ALL FAITHS AND ECONOMIC STATUS WITH A HIGH SCHOOL EDUCATION LEADING TO COLLEGE OR STEM-FOCUSED CAREERS. THE RIGOROUS CURRICULUM IS COMBINED WITH A FOUR-YEAR CORPORATE INTERNSHIP THAT PREPARES STUDENTS WITH SOFT SKILLS WHILE CHARTING THEIR CAREER PATHWAY, WHETHER IT INCLUDES TRADITIONAL COLLEGE, AN APPRENTICESHIP, DIRECT TO WORK, OR ANY COMBINATION OF POST-SECONDARY TRAINING THROUGH FAITH AND PURPOSE-DRIVEN INSTRUCTION. HFA IS A SUBSIDIARY OF HOLY FAMILY INSTITUTE AND SUPPORTED BY THE FUNDRAISING EFFORTS OF HOLY FAMILY FOUNDATION, ANOTHER HFI SUBSIDIARY. THE ORGANIZATION ALSO INCLUDES THE INTERNATIONAL COLLEGE PREPARATORY PROGRAM. THIS CO-EDUCATIONAL RESIDENTIAL PROGRAM IS FOR INTERNATIONAL STUDENTS WHO WISH TO ATTEND HIGH SCHOOL IN THE UNITED STATES IN PREPARATION FOR ENROLLMENT AT LEADING COLLEGES AND UNIVERSITIES (CONTINUED BELOW).
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0495581
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0294280
IRS990/OccupancyGrp/TotalAmt0294280
IRS990/OfficeExpensesGrp/ProgramServicesAmt0217189
IRS990/OfficeExpensesGrp/TotalAmt0217189
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0416462
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0416462
IRS990/OtherExpensesGrp/Desc0RENT EXPENSE
IRS990/OtherExpensesGrp/Desc1AGENT FEES
IRS990/OtherExpensesGrp/Desc2CLIENT-RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc3MAINTENANCE AND PROPERT
IRS990/OtherExpensesGrp/ProgramServicesAmt0337323
IRS990/OtherExpensesGrp/ProgramServicesAmt1313667
IRS990/OtherExpensesGrp/ProgramServicesAmt2252378
IRS990/OtherExpensesGrp/ProgramServicesAmt379104
IRS990/OtherExpensesGrp/TotalAmt0337323
IRS990/OtherExpensesGrp/TotalAmt1313667
IRS990/OtherExpensesGrp/TotalAmt2252378
IRS990/OtherExpensesGrp/TotalAmt379104
IRS990/OtherLiabilitiesGrp/BOYAmt0400101
IRS990/OtherLiabilitiesGrp/EOYAmt0257020
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02536272
IRS990/OtherSalariesAndWagesGrp/TotalAmt02536272
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0536800
IRS990/PaymentsToAffiliatesGrp/TotalAmt0536800
IRS990/PayrollTaxesGrp/ProgramServicesAmt0240868
IRS990/PayrollTaxesGrp/TotalAmt0240868
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt040473
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt070012
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080060
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023097
IRS990/PrincipalOfficerNm0SISTER LINDA YANKOSKI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02056536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02056536
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03241356
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02830739
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02271862
IRS990/PYRevenuesLessExpensesAmt0-249800
IRS990/PYSalariesCompEmpBnftPaidAmt02932279
IRS990/PYTotalExpensesAmt05763018
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05513218
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-214193
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt03350212
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02056536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03437711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03241356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02352778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01460677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0408472
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010900994
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt011435622
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06300
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06300
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt010900994
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03437711
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03241356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02352778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01460677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0408472
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010900994
IRS990ScheduleA/TotalSupportAmt010907294
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt054114
IRS990ScheduleD/DonatedServicesUseFcltsAmt054114
IRS990ScheduleD/ExpensesNotReportedAmt054114
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05708440
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1121032
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01505102
IRS990ScheduleD/RevenueNotReportedAmt054114
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01505102
IRS990ScheduleD/RevenueSubtotalAmt03989144
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 FOOTNOTE - THE INTERNAL REVENUE SERVICE HAS RECOGNIZED HFA AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS FURTHER CLASSIFIED HFA AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, A PROVISION FOR FEDERAL OR STATE INCOME TAX IS NOT REQUIRED. AFTER AN ASSESSMENT OF HFA'S TAX POSITIONS, MANAGEMENT BELIEVES THAT THERE IS NO LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AT JUNE 30, 2018. HFA IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS BEFORE JUNE 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GRANT FROM HOLY FAMILY AFFILIATES 1,505,102.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt05708440
IRS990ScheduleD/TotalLiabilityAmt0257020
IRS990ScheduleD/TotalRevenuePerForm990Amt05494246
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04043258
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05762554
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0170109
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05602
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SISTER LINDA YANKOSKI CSFN EDD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0175711
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EXPENSES 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.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES HAGGERTY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09349
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL SERVICES FROM COHEN & GRIGSBY
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STUDENTS ARE HOUSED ON THE HOLY FAMILY INSTITUTE CAMPUS AND TRANSPORTED TO SEVERAL LOCAL PRIVATE SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF HOLY FAMILY ACADEMY SHALL BE HOLY FAMILY INSTITUTE, A PENNSYLVANIA NONPROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER MAY EXERCISE ITS RESERVED POWERS BY TAKING EITHER OF THE FOLLOWING ACTIONS: (A) THE BOARD OF DIRECTORS OF THE MEMBER MAY ACT ON THE MEMBER'S BEHALF IN EXERCISING THE MEMBER'S RESERVED POWERS OVER THE CORPORATION. (B) THE BOARD OF DIRECTORS OF THE MEMBER MAY BY RESOLUTION APPOINT ANY TWO OFFICERS OF THE MEMBER TO ACT ON THE MEMBER'S BEHALF AND SUCH AUTHORIZATION MAY BE GENERAL OR LIMITED TO SPECIFIC INSTANCES. THE GOVERNANCE AND OPERATIONS OF THE CORPORATION SHALL BE SUBJECT TO THE MEMBER'S RIGHT TO EXERCISE RESERVED POWERS. THESE RESERVED POWERS INCLUDE THE RIGHT TO APPOINT AND REMOVE THE BOARD OF TRUSTEES OR ANY ONE OR MORE OF THE TRUSTEES OF THE CORPORATION, THE EXECUTIVE DIRECTOR, AND THE CHIEF EXECUTIVE OFFICER OF ANY AFFILIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNANCE AND OPERATIONS OF THE CORPORATION SHALL BE SUBJECT TO THE MEMBER'S RIGHT TO EXERCISE RESERVED POWERS. THESE RESERVED POWERS INCLUDE THE RIGHT TO: (A) APPROVE THE RECOMMENDATION OF THE BOARD OF TRUSTEES TO APPOINT OR REMOVE THE BOARD OF TRUSTEES OR ANY ONE OF MORE OF THE TRUSTEES OF THE CORPORATION, THE EXECUTIVE DIRECTOR, AND THE CHIEF EXECUTIVE OFFICER OF ANY AFFILIATE; (B) APPROVE THE PURCHASE, SALE, ALIENATION, EXCHANGE, LEASE OR ENCUMBRANCE OF ANY REAL PROPERTY OF THE CORPORATION OR ANY AFFILIATE; (C) APPROVE THE SALE OF SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION OR OF ANY AFFILIATE; (D) APPROVE THE MERGER OR DISSOLUTION OF THE CORPORATION OR OF ANY AFFILIATE; (E) APPROVE THE STRATEGIC PLAN OF THE CORPORATION; (F) APPROVE BORROWING OR FINANCIAL OBLIGATION BY THE CORPORATION OR ANY AFFILIATE; (G) APPROVE ANY INCREMENTAL OR ADDITION TO THE DEBT AND/OR RENEGOTIATION, MODIFICATION OR OTHER CHANGE OF EXISTING DEBT OF THE CORPORATION OR OF ANY AFFILIATE; (H) APPROVE THE FORMATION OF ANY AFFILIATE; (I) APPROVE THE POLICY FOR THE DISTRIBUTION OF GRANTS OF THE CORPORATION TO ANY OTHER CORPORATION; (J) ADOPT POLICIES TO IMPLEMENT THE RESERVED POWERS OF THE MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE DRAFT 990 IS REVIEWED BY THE CFO, PRESIDENT, AND FINANCE COMMITTEE AND MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEE. IF IT IS BELIEVED A MEMBER HAS FAILED TO DISCLOSE, THE MEMBER SHALL BE INFORMED OF THE BASIS FOR SUCH BELIEF AND THE BOARD WILL AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE FAILURE TO DISCLOSE. IF DEEMED NECESSARY THE BOARD SHALL TAKE APPROPRIATE CORRECTIVE AND DISCIPLINARY ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IT IS THE POLICY OF HOLY FAMILY INSTITUTE (HFI) THAT ALL EXECUTIVE COMPENSATION PAID BY THE ORGANIZATION IS REASONABLE BASED UPON A REVIEW OF COMPARABILITY INFORMATION. THE POLICY PROVIDES A PROCEDURE FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE OFFICERS, DIRECTORS, CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL, AND KEY EMPLOYEES OF THE ORGANIZATION CONSISTENT WITH APPLICABLE FEDERAL TAX LAW AND PENNSYLVANIA LAW, WITH PARTICULAR EMPHASIS ON "DISQUALIFIED PERSONS." USING COMPARABILITY DATA OF LIKE ORGANIZATIONS, COMPENSATION IS AWARDED AFTER IT IS REVIEWED AND APPROVED BY THE HUMAN RESOURCE COMMITTEE. SUCH ACTIONS ARE RECORDED IN THE MINUTES OF THE HUMAN RESOURCE COMMITTEE MEETING. ONLY PERSONS WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE INVOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ABOVE ITEMS ARE AVAILABLE UPON REQUEST AT HOLY FAMILY ACADEMY'S ADMINISTRATIVE LOCATION DURING NORMAL BUSINESS HOURS. IN ADDITION, THE ORGANIZATION'S 990 IS AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THERE WERE NO CHANGES TO THIS PROCESS FOR 2016-2017.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.18$0.24$1.94$4.57$2.65$1.91
2023Detailed filing. Detailed filing data is available for this year.$1.42$1.40$0.02$5.18$3.12$2.06
2022Detailed filing. Detailed filing data is available for this year.$0.83$2.86$2.04$2.28$4.10$1.83
2021Detailed filing. Detailed filing data is available for this year.$1.03$1.24$0.21$3.22$4.02$0.80
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.61$0.59$4.58$4.51$0.06
2019Summary only. Only limited summary data is available for this year.$1.61$1.09$0.52$5.20$5.18$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.35$1.86$0.50$5.49$5.71$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.87$2.16$0.71$5.51$5.76$0.25
2016Detailed filing. Detailed filing data is available for this year.$3.20$2.24$0.96$4.62$5.51$0.89
2015Summary only. Only limited summary data is available for this year.$4.06$2.21$1.85$5.83$4.53$1.30
2014Summary only. Only limited summary data is available for this year.$2.35$1.81$0.55$2.59$2.26$0.32
2013Summary only. Only limited summary data is available for this year.$1.79$1.65$0.15$2.35$2.18$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$1.08$0.02$1.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$3.74$1.10$9.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.40$4.46$1.07$11.4