Healey Education Foundation Inc
- Assets
- $621.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Cherry Hill, NJ
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 22-3589468
Organization Overview
Healey Education Foundation Inc is located in Cherry Hill, NJ. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Healey Education Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healey Education Foundation 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 12/2022, Healey Education Foundation Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Healey Education Foundation Inc has awarded 229 individual grants totaling $8,518,441. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HEALEY EDUCATION FOUNDATION INVESTS IN PK-12 CATHOLIC SCHOOLS. WORKING IN PARTNERSHIP WITH SCHOOLS, ARCHDIOCESES AND DIOCESES, AND FELLOW PHILANTHROPISTS, THE FOUNDATION IS A CATALYST FOR CHANGE TO ENSURE THE FUTURE OF CATHOLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HEALEY EDUCATION FOUNDATION'S INNOVATIVE BUSINESS MODEL RESULTS IN PK-12 CATHOLIC SCHOOLS THAT ARE MISSION DRIVEN, FINANCIALLY SOUND, AND ORGANIZATIONALLY SUSTAINABLE IN AN ERA OF GREAT CHANGE IN EDUCATION, PUBLIC POLICY, AND THE ECONOMY. THE HEALEY APPROACH IS "HELPING SCHOOLS HELP THEMSELVES". AS AN OPERATING FOUNDATION, HEALEY PROVIDES DIRECT SERVICES TO GRANT RECIPIENTS WHO ARE READY TO EMBRACE CHANGE. THE FOUNDATION PROVIDES RESOURCEFUL STRATEGIES, TRAINING, AND COACHING DIRECTLY TO SCHOOLS AND TO ARCHDIOCESAN AND DIOCESAN LEADERSHIP. THROUGH THE HEALEY METHODOLOGY, SCHOOLS IMPLEMENT BEST PRACTICES IN ENROLLMENT MANAGEMENT, FUNDRAISING, AND GOVERNANCE TO TAKE CHARGE OF THEIR OWN FUTURES.
HEF SUPPORTS THE CATHOLIC PARTNERSHIP SCHOOLS (CPS) BY HELPING THE NEEDIEST CHILDREN RECEIVE A QUALITY EDUCATION IN CAMDEN, NJ, ONE OF THE MOST VIOLENT CITIES IN THE UNITED STATES. THE CPS SERVES 1,000 CHILDREN IN FIVE ELEMENTARY SCHOOLS THAT ARE AT RISK FOR CLOSING DUE TO TUITION AFFORDABILITY. HEF'S CONTRIBUTION SUPPORTS THE DEVELOPMENT OF THIS NEW MODEL FOR URBAN CATHOLIC EDUCATION CALLED THE CATHOLIC PARTNERSHIP SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert T Healey Jr Trustee | Trustee | 2 | $0 |
Rev Joseph Messina Trustee | Trustee | 2 | $0 |
Ernest L Previte Trustee | Trustee | 2 | $0 |
Harry Bell Trustee | Trustee | 2 | $0 |
Christine Healey President | OfficerTrustee | 40 | $220,496 |
Nicole Dicroce Secretary | Officer | 40 | $66,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,760,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,760,000 |
| Total Program Service Revenue | $0 |
| Investment income | $376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,776,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $740,857 |
| 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. | $287,148 |
| Compensation of current officers, directors, key employees. | $22,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,845 |
| Pension plan accruals and contributions | $29,137 |
| Other employee benefits | $45,817 |
| Payroll taxes | $68,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,808 |
| Advertising and promotion | $0 |
| Office expenses | $14,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,762 |
| Travel | $18,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,922 |
| Insurance | $0 |
| All other expenses | $20,961 |
| Total functional expenses | $1,814,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $396,270 |
| Pledges and grants receivable | $161,000 |
| 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 | $3,776 |
| Net Land, buildings, and equipment | $29,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,027 |
| Total assets | $621,773 |
| Accounts payable and accrued expenses | $42,544 |
| 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 | $31,027 |
| Total liabilities | $73,571 |
| Net assets without donor restrictions | $447,216 |
| Net assets with donor restrictions | $100,986 |
| 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 | $621,773 |
Grants Awarded
Over the last fiscal year, Healey Education Foundation Inc has awarded $742,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC PARTNERSHIP SCHOOLS PURPOSE: CATHOLIC PARTNERSHIP SCHOOLS PROGRAM | $702,500 |
HOLY NAME SCHOOL PURPOSE: SCHOOL BUILDING CAMPAIGN | $15,000 |
ST PASCAL REGIONAL CATHOLIC SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $25,000 |