Holy Family Ministries
- Assets
- $16.2m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 98
- Location
- Chicago, IL
- Founding
- 12/1999
- Data as of
- 07/2022
- EIN
- 36-4320533
Organization Overview
Holy Family Ministries is located in Chicago, IL. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 07/2022, Holy Family Ministries employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Family Ministries 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 07/2022, Holy Family Ministries generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $6.1m during the year ending 07/2022. While expenses have increased by 6.7% per year over the past 7 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
HOLY FAMILY MINISTRIES PROVIDES EDUCATIONAL OPPORTUNITIES FOR CHILDREN, YOUTH AND FAMILIES IN CHICAGO'S UNDER-RESOURCED NEIGHBORHOODS TO EXCEL ACADEMICALLY, GROW SPIRITUALLY, EXPAND LIFE EXPERIENCES, AND BECOME EXCEPTIONAL LEADERS THROUGH A FAITH-BASED APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION K-8 AND EARLY CHILDHOOD EDUCATION.
THRIFT SHOP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Collins CEO | OfficerTrustee | 40 | $141,540 |
Cynthia Schmidt Chief Develo | Officer | 40 | $101,133 |
Dan Badovinac Board Chair | OfficerTrustee | 6 | $0 |
Eric Draut Vice Chair | OfficerTrustee | 3 | $0 |
John Palmer Director | OfficerTrustee | 3 | $0 |
Roxane Busey Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,049,904 |
| Related organizations | $0 |
| Government grants | $1,317,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,315,353 |
| Noncash contributions included in lines 1a–1f | $648,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,682,700 |
| Total Program Service Revenue | $716,657 |
| Investment income | $119,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,505 |
| Net Gain/Loss on Asset Sales | -$19,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,503,495 |
| 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. | $529,783 |
| Compensation of current officers, directors, key employees. | $175,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,960,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $259,318 |
| Payroll taxes | $267,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,113 |
| Advertising and promotion | $3,774 |
| Office expenses | $24,642 |
| Information technology | $63,013 |
| Royalties | $0 |
| Occupancy | $208,024 |
| Travel | $18,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,504 |
| Interest | $59,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $319,099 |
| Insurance | $0 |
| All other expenses | $138,893 |
| Total functional expenses | $6,060,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,072,509 |
| Savings and temporary cash investments | $51,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $126,063 |
| Prepaid expenses and deferred charges | $32,443 |
| Net Land, buildings, and equipment | $6,551,474 |
| Investments—publicly traded securities | $7,229,246 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,232 |
| Total assets | $16,241,007 |
| Accounts payable and accrued expenses | $21,517 |
| 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 | $1,985,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,875 |
| Total liabilities | $2,118,392 |
| Net assets without donor restrictions | $12,783,548 |
| Net assets with donor restrictions | $1,339,067 |
| 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 | $16,241,007 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Holy Family Ministries has recieved totaling $1,263,929.
| Awarding Organization | Amount |
|---|---|
Buntrock Foundation For Leadership Oakbrook Terrace, IL PURPOSE: OPERATING NEEDS | $500,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $282,856 |
Childrens Care Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $112,500 |
Gantz Family Foundation Winnetka, IL PURPOSE: GENERAL CHARITABLE | $65,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $56,794 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $56,794 |
Endowment Analysis
| Beg. Balance | $4,868,367 |
| Earnings | -$673,055 |
| Net Contributions | $1,153,438 |
| Grants | -$27,125 |
| Ending Balance | $5,321,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |