Faith Heritage School
- Assets
- $2.4m
- Revenue
- $2.5m
- Investments
- $294.1k
- Employees
- 70
- Location
- Syracuse, NY
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 22-2188739
Organization Overview
Faith Heritage School is located in Syracuse, NY. The organization was established in 1982. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Faith Heritage School employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Heritage 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 06/2022, Faith Heritage School generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 1.1% 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
PROVIDE EDUCATIONAL SERVICES, ATHLETIC AND EXTRA-CURRICULAR ACTIVITIES FOR STUDENTS IN PRESCHOOL THROUGH 12TH GRADE IN ACCORDANCE WITH CHRISTIAN PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL SERVICES, ATHLETIC AND EXTRA-CURRICULAR ACTIVITIES FOR STUDENTS IN PRESCHOOL THROUGH 12TH GRADE IN ACCORDANCE WITH CHRISTIAN PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Capone Head Of Scho | Officer | 40 | $95,502 |
Ryan Nellenbeck Chair | OfficerTrustee | 1 | $0 |
Paul Honess Vice Chair | OfficerTrustee | 1 | $0 |
Gwen Sorber Secretary | OfficerTrustee | 1 | $0 |
Jeff Lauffer Treasurer | OfficerTrustee | 1 | $0 |
Fred Santucci Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,024 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $683,063 |
| Total Program Service Revenue | $1,829,894 |
| Investment income | $4,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,538,782 |
| 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. | $95,502 |
| Compensation of current officers, directors, key employees. | $13,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,193,229 |
| Pension plan accruals and contributions | $13,329 |
| Other employee benefits | $93,196 |
| Payroll taxes | $94,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,570 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,928 |
| Office expenses | $27,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,296 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,959 |
| Insurance | $24,476 |
| All other expenses | $10,577 |
| Total functional expenses | $2,150,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,197,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,306 |
| 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 |
| Net Land, buildings, and equipment | $905,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $294,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,442,189 |
| Accounts payable and accrued expenses | $103,796 |
| Grants payable | $0 |
| Deferred revenue | $22,139 |
| 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 | $144,234 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,298 |
| Total liabilities | $360,467 |
| Net assets without donor restrictions | $1,181,986 |
| Net assets with donor restrictions | $899,736 |
| 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 | $2,442,189 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Faith Heritage School has recieved totaling $52,886.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT | $27,250 |
Word Of Life Foundation Inc Schroon Lake, NY PURPOSE: Ministry | $10,400 |
Elizabeth Klein Foundation Inc Syracuse, NY PURPOSE: ANNUAL FUND AND CAPITAL CAMPAIGN | $8,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,307 |
R B Hazard Family Charitable Tr Laverne, CA PURPOSE: TO ENHANCE ORGANIZATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |