Holy Family School
- Assets
- $840.1k
- Revenue
- $197.5k
- Investments
- $0.0
- Employees
- 12
- Location
- McKinney, TX
- Founding
- 09/2005
- Data as of
- 07/2021
- EIN
- 75-1025515
Organization Overview
Holy Family School is located in McKinney, TX. The organization was established in 2005. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 07/2021, Holy Family School employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Family School 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 07/2021, Holy Family School generated $197.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $292.5k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 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
HOLY FAMILY SCHOOL OF MCKINNEY PROVIDES CHILD CARE FOR LOW INCOME FAMILIES FOR INFANTS, PRESCHOOL AND PRE-KINDERGARTEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN EDUCATION FOR PRESCHOOLERS AND KINDERGARTENERS WITH AN EMPHASIS ON TEACHING OF THE ENGLISH LANGUAGE TO THOSE CHILDREN FOR WHOM ENGLISH IS A SECOND LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Sipiora President | Trustee | 2 | $0 |
Rachel Pittman Secretary | Trustee | 2 | $0 |
Robbin Wells Vice President | Trustee | 2 | $0 |
Lisa Hopkinson Treasurer | Trustee | 2 | $0 |
Ashley Lewis Human Resources | Trustee | 2 | $0 |
David Parsons ESQ Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,703 |
| 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 | $6,274 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,457 |
| 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 | $164,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,207 |
| Advertising and promotion | $600 |
| Office expenses | $5,194 |
| Information technology | $315 |
| Royalties | $0 |
| Occupancy | $22,365 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,295 |
| Insurance | $17,628 |
| All other expenses | $0 |
| Total functional expenses | $292,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,000 |
| Total assets | $840,062 |
| Accounts payable and accrued expenses | $0 |
| 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 | $68,204 |
| Total liabilities | $68,204 |
| Net assets without donor restrictions | $680,159 |
| Net assets with donor restrictions | $91,699 |
| 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 | $771,858 |