Nazareth Prep
- Assets
- $1.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/1998
- Data as of
- 06/2021
- EIN
- 23-2939532
Organization Overview
Nazareth Prep is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazareth Prep is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Nazareth Prep generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAZARETH PREP IS A CATHOLIC HIGH SCHOOL FOR STUDENTS OF ALL FAITHS AND ECONOMIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Linda Yankoski Csfn Edd President/ceo | OfficerTrustee | 40 | $0 |
Paul R Uhler Chair | OfficerTrustee | 1 | $0 |
Mike Engle Vice Chair | OfficerTrustee | 1 | $0 |
Judith R Griggs PHD Secretary | OfficerTrustee | 1 | $0 |
John R Olszewski Treasurer | OfficerTrustee | 1 | $0 |
Mark Palastro CFO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,461,489 |
| Government grants | $269,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,818,483 |
| Total Program Service Revenue | $406,380 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,224,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,864,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $299,024 |
| Payroll taxes | $141,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,469 |
| Fees for services: Accounting | $14,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,171 |
| Advertising and promotion | $0 |
| Office expenses | $256,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,916 |
| Travel | $68,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,096 |
| Interest | $745 |
| Payments to affiliates | $331,690 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $133,339 |
| Total functional expenses | $4,021,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,692 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,195 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,158 |
| Accounts payable and accrued expenses | $351,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $885,563 |
| Total liabilities | $1,237,161 |
| Net assets without donor restrictions | -$586,429 |
| Net assets with donor restrictions | $376,426 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,027,158 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nazareth Prep has recieved totaling $1,251,000.
| Awarding Organization | Amount |
|---|---|
Allegheny Foundation Pittsburgh, PA PURPOSE: CAPITAL CAMPAIGN SUPPORT | $750,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO COMPLETE CONSTRUCTION OF THE SCIENCE AND ACTIVITIES BUILDING | $250,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO COMPLETE CONSTRUCTION OF THE SCIENCE AND ACTIVITIES BUILDING | $250,000 |
John And Helen Timo Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |