Civic Intelligence

Holy Family Academy

990 • Fiscal year 2021 • EIN 23-2939532

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 01, 2022

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

95th percentile

1.20x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

9th percentile

-25%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

90th percentile

$192,888

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,027,158

Down $167,873 (-14%) from 2020

Net Assets

Down

-$210,003

Down $796,618 (-136%) from 2020

Liabilities

Up

$1,237,161

Up $628,745 (+103%) from 2020

Revenue

Down

$3,224,863

Down $1,351,717 (-30%) from 2020

Expenses

Down

$4,021,481

Down $491,303 (-11%) from 2020

Net Income

Down

-$796,618

Down $860,414 (-1349%) from 2020

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

2021

Assets$1,027,158
Liabilities$1,237,161
Net Assets-$210,003

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

2021

Revenue$3,224,863
Expenses$4,021,481
Net Income-$796,618
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 1, 2022
Return Version
2020v4.2
Gross Receipts
$3,224,863
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.

Nazareth prep is a catholic high school for students of all faiths and economic backgrounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$922,269$957,271▲ $35,002
Pledges and Grants Receivable$265,464$54,692▼ $210,772
Prepaid Expenses and Deferred Charges$7,298$15,195▲ $7,897
Total Assets$1,195,031$1,027,158▼ $167,873
Liabilities
Other Liabilities$329,846$885,563▲ $555,717
Accounts Payable and Accrued Expenses$278,570$351,598▲ $73,028
Total Liabilities$608,416$1,237,161▲ $628,745
Net Assets / Fund Balance
Net Assets With Donor Restrictions$910,338$376,426▼ $533,912
Net Assets Without Donor Restrictions$-323,723$-586,429▼ $262,706
Total Net Assets Fund Balance$586,615$-210,003▼ $796,618
Total Liabilities and Net Assets / Fund Balance$1,195,031$1,027,158▼ $167,873
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Mark PalastroCFOFT$144,601$144,601
Rita CantonExecutive Director/head of SchoolFT$48,209$48,209
Revenue and Support

Revenue Composition

Contributions and Grants
$2,818,483
Program Service Revenue
$406,380
Investment Income
$0
Other Revenue
$0
All Other Contributions
$87,355
Change in Net Assets
$-796,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,224,863
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$69,533
Total Revenue per Audited Statements
$3,294,396
Total Revenue per Form 990
$3,224,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,304,499
Other Expenses$1,716,982
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,864,385--$1,864,385
Payments to Affiliates-$331,690-$331,690
Other Employee Benefits$299,024--$299,024
Office Expenses$256,166--$256,166
Occupancy$174,916--$174,916
Payroll Taxes$141,090--$141,090
All Other Expenses$133,339--$133,339
Fees for Services Other$117,171--$117,171
Other Expenses$69,728--$69,728
Travel$68,321--$68,321
Fees for Services Accounting$14,932--$14,932
Fees for Services Legal$12,469--$12,469
Conferences and Meetings$8,096--$8,096
Interest$745--$745
Total Functional Expenses$3,689,791$331,690$0$4,021,481

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,091,014
Expenses per Audited Statements$4,021,481
Total Expenses per Form 990$4,021,481
Expenses Not Reported on Form 990$69,533
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$885,563
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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 nazareth prep 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 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 nazareth prep'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
Nazareth Prep
EIN
23-2939532
Phone
4127664030
Address
8235 OHIO RIVER BOULEVARD, PITTSBURGH, PA 15202

Signing Officer

Name
Mark Palastro
Title
CFO
Phone
4127664030
Signed
2022-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sister Linda Yankoski
Formed
1997
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
12
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 2

The teacher in the workplace program promotes collaboration between faculty to create multidisciplinary workforce development curricula, create awareness of high-demand professions, and prepare high school students for the demands of the twentieth-century workplace. The dced manufacturing training to career program supports emerging pre-apprenticeships in manufacturing. The program exposes high school students to this growing career field by placing them in corporate internships, conferring college credits in mechatronics and other key stem subjects, and providing opportunities for hands-on exploration of manufacturing career pathways.

Form 990, Part XII, Line 2C

There were no changes to this process for 2020-2021.

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 nazareth prep's tax positions, management believes that there is no liability related to uncertain tax positions at june 30, 2021. Nazareth prep is no longer subject to tax examinations for years before june 30, 2017.

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IRS990/Desc0NAZARETH 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. 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. NAZARETH PREP IS A SUBSIDIARY OF HOLY FAMILY INSTITUTE AND SUPPORTED BY THE FUNDRAISING EFFORTS OF HOLY FAMILY FOUNDATION, ANOTHER HFI SUBSIDIARY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/MissionDesc0NAZARETH 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.
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03224863
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 NAZARETH PREP'S TAX POSITIONS, MANAGEMENT BELIEVES THAT THERE IS NO LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AT JUNE 30, 2021. NAZARETH PREP IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS BEFORE JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SISTER LINDA YANKOSKI CSFN EDD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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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
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TEACHER IN THE WORKPLACE PROGRAM PROMOTES COLLABORATION BETWEEN FACULTY TO CREATE MULTIDISCIPLINARY WORKFORCE DEVELOPMENT CURRICULA, CREATE AWARENESS OF HIGH-DEMAND PROFESSIONS, AND PREPARE HIGH SCHOOL STUDENTS FOR THE DEMANDS OF THE TWENTIETH-CENTURY WORKPLACE. THE DCED MANUFACTURING TRAINING TO CAREER PROGRAM SUPPORTS EMERGING PRE-APPRENTICESHIPS IN MANUFACTURING. THE PROGRAM EXPOSES HIGH SCHOOL STUDENTS TO THIS GROWING CAREER FIELD BY PLACING THEM IN CORPORATE INTERNSHIPS, CONFERRING COLLEGE CREDITS IN MECHATRONICS AND OTHER KEY STEM SUBJECTS, AND PROVIDING OPPORTUNITIES FOR HANDS-ON EXPLORATION OF MANUFACTURING CAREER PATHWAYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF NAZARETH PREP 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 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 NAZARETH PREP'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 2020-2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
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

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