Chaminade Development Fund Inc
- Assets
- $73.6m
- Revenue
- $29.8m
- Investments
- $62.5m
- Employees
- 12
- Location
- Mineola, NY
- Founding
- 06/1970
- Data as of
- 06/2022
- EIN
- 23-7069462
Organization Overview
Chaminade Development Fund Inc is located in Mineola, NY. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Chaminade Development Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chaminade Development Fund Inc 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 06/2022, Chaminade Development Fund Inc generated $29.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CATHOLIC EDUCATION THROUGH FINANCIAL SUPPORT FOR CHAMINADE HIGH SCHOOL LOCATED IN MINEOLA, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMINADE HIGH SCHOOL SUPPORT - APPROXIMATELY 1,650 STUDENTS BENEFITED THROUGH REDUCED TUITION CHARGES.
SCHOLARSHIP AND STUDENT AID - PARTIAL TUITION PAID FOR SELECTED STUDENTS BASED UPON MERIT AND/OR FINANCIAL NEED - 101 STUDENTS BENEFITED
CAMPUS FUND DONATION - CONTRIBUTIONS FOR THE PURPOSE OF VARIOUS CAPITAL IMPROVEMENTS TO THE SCHOOL CAMPUS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bro Thomas J Cleary Sm President | OfficerTrustee | 40 | $0 |
Bro Joseph D Bellizzi Sm Executive Vice President | OfficerTrustee | 20 | $0 |
Bro Stephen V Balletta Sm Vice President | OfficerTrustee | 20 | $0 |
Bro Richard H Hartz Sm Sect'y/treas. | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,806,460 |
| Investment income | $1,974,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$335,899 |
| Net Income from Fundraising Events | $282,905 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,803,893 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $606,363 |
| Pension plan accruals and contributions | $50,473 |
| Other employee benefits | $172,925 |
| Payroll taxes | $50,344 |
| Fees for services: Management | $4,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $343,551 |
| Fees for services: Investment Management | $265,093 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $311,370 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,351,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,431 |
| Savings and temporary cash investments | $6,018,560 |
| Pledges and grants receivable | $4,636,005 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $62,543,983 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,074 |
| Total assets | $73,574,053 |
| Accounts payable and accrued expenses | $326,049 |
| Grants payable | $0 |
| Deferred revenue | $19,305 |
| 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 | $0 |
| Total liabilities | $345,354 |
| Net assets without donor restrictions | $36,648,381 |
| Net assets with donor restrictions | $36,580,318 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $73,228,699 |