2024-04-25T15:34:06-05:00 2023-06-30 251638525 GROSSMAN YANAK & FORD LLP THREE GATEWAY CTR STE 1800 PITTSBURGH PA 15222 990 2022-07-01 232939532 NAZARETH PREP NAZA 4127664030 8235 OHIO RIVER BOULEVARD PITTSBURGH PA 15202 MARK PALASTRO CFO 4127664030 2024-04-24 1 MARK PALASTRO 999009999 0 RICHARD E DYNOSKE P00095538 4123389300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SISTER LINDA YANKOSKI 8235 OHIO RIVER BOULEVARD PITTSBURGH PA 15202 5182051 0 X WWW.HFI-PGH.ORG X 1997 PA NAZARETH PREP IS A CATHOLIC HIGH SCHOOL FOR STUDENTS OF ALL FAITHS AND ECONOMIC BACKGROUNDS. 15 14 0 20 0 0 1889010 4813787 376572 335524 -8144 972 17714 31768 2275152 5182051 0 0 0 0 2245303 1460761 0 0 0 1855525 1663431 4100828 3124192 -1825676 2057859 828233 1422212 2863912 1400031 -2035679 22181 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. 0 0 2695994 368042 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. 2695994 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MARK PALASTRO 4127664030 8235 OHIO RIVER BOULEVARD PITTSBURGH PA 15202 PAUL R UHLER CHAIR 1.00 X X 0 0 0 SALLY K WADE VICE CHAIR 1.00 X X 0 0 0 JOHN R OLSZEWSKI TREASURER 1.00 X X 0 0 0 CHRISTOPHER H PHILLIPS SECRETARY 1.00 X X 0 0 0 STACY BROVITZ TRUSTEE 1.00 X 0 0 0 JOHN PUTZIER TRUSTEE 1.00 X 0 0 0 DENNIS GILFOYLE TRUSTEE 1.00 X 0 0 0 MARK NUSSBAUM TRUSTEE 1.00 X 0 0 0 TIMOTHY D HOLT TRUSTEE 1.00 X 0 0 0 ILLANA R LANE TRUSTEE 1.00 X 0 0 0 PATRICE MATAMOROS TRUSTEE 1.00 X 0 0 0 MICHAEL SEXAUER TRUSTEE 1.00 X 0 0 0 STEPHEN VAN METER TRUSTEE 1.00 X 0 0 0 SISTER LINDA YANKOSKI CSFN EDD CEO 40.00 X X 0 0 265401 MARK PALASTRO CFO 40.00 X 0 146179 16524 RITA CANTON EXECUTIVE DIRECTOR/HEAD OF SCHOOL 40.00 X 96717 0 7947 STACY TWEEDY EXECUTIVE DIRECTOR/HEAD OF SCHOOL 40.00 X 80158 0 4373 176875 146179 294245 0 0 1 0 0 4711824 101963 4813787 PROGRAM FEES 611600 335524 335524 335524 222 222 750 0 750 750 750 MISCELLANEOUS 611110 31768 31768 31768 5182051 368042 0 222 189195 189195 1006810 1006810 172866 172866 91890 91890 16707 16707 47569 47569 236356 236356 254757 254757 142100 142100 9215 9215 1615 1615 239003 239003 RENT EXPENSE 249775 249775 CLIENT-RELATED EXPENSES 142397 142397 AGENT FEES 141225 141225 MAINTENANCE AND PROPERT 73387 73387 109325 109325 3124192 2695994 428198 0 768593 980746 8131 279951 51509 50874 0 110641 828233 1422212 271404 242871 2592508 1157160 2863912 1400031 X -2235871 -468162 200192 490343 -2035679 22181 828233 1422212 2057859 0 X X 0 1 X 1 0 X 3437603 3821391 2818483 1889010 4813787 16780274 3437603 3821391 2818483 1889010 4813787 16780274 16780274 194 222 416 9375 32519 41894 16822584 3640856 0.99750 0.99940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ASSETS - FINANCE LEASE 10052 ROU ASSETS - OPERATING LEASE 100589 110641 DUE TO RELATED PARTIES 1157160 1157160 X 5227132 45830 45830 5181302 750 750 5182052 3169272 45830 45830 3123442 750 750 3124192 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, 2023. NAZARETH PREP IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS BEFORE JUNE 30, 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON FIXED ASSETS DISPOSAL 750. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF FIXED ASSETS 750. X 0 1 X X X 0 0 0 0 0 0 0 0 0 SISTER LINDA YANKOSKI CSFN EDD CEO 0 0 0 0 0 0 0 259506 0 5895 0 265401 0 0 PART I, LINE 1B EXPENSES 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. 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. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THIS PROCESS FOR 2022-2023. HOLY FAMILY INSTITUTE 8235 OHIO RIVER BLVD PITTSBURGH PA 15202 250984606 CHARITABLE, RELIGIOUS, AND EDUCATIONAL PA 501 (C) (3) LINE 7 N/A 0 HOLY FAMILY FOUNDATION 8235 OHIO RIVER BLVD PITTSBURGH PA 15202 251688439 CHARITABLE, RELIGIOUS, AND EDUCATIONAL PA 501 (C) (3) LINE 7 N/A 0 ST MARY'S VILLA FOR CHILDREN AND FAMILIES 8235 OHIO RIVER BLVD PITTSBURGH PA 15202 251888889 SERVICES FOR CHILDREN AND FAMILIES PA 501 (C) (3) LINE 7 N/A 0 SISTERS OF HOLY FAMILY OF NAZARETH 310 NORTH RIVER ROAD DES PLAINES IL 60010 205728349 RELIGIOUS, CHARITABLE, AND EDUCATION IL 501 (C) (3) LINE 1 N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 HOLY FAMILY INSTITUTE M 312390 CASH PAYMENTS HOLY FAMILY FOUNDATION C 2095910 CASH PAYMENTS HOLY FAMILY INSTITUTE E 1180567 CASH PAYMENTS