Nazareth Family Foundation
- Assets
- $29.6m
- Revenue
- $647.3k
- Investments
- $28.7m
- Employees
- 0
- Location
- Altoona, PA
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 23-0868160
Organization Overview
Nazareth Family Foundation is located in Altoona, PA. The organization was established in 1946. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Nazareth Family Foundation 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 06/2024, Nazareth Family Foundation generated $647.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $995.5k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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.
Since 2015, Nazareth Family Foundation has awarded 130 individual grants totaling $7,696,550. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A SUPPORTING ORGANIZATION PROVIDED GRANTS TO FOURTEEN 501(C)(3) ORGANIZATIONS FOR TWENTY THREE SPECIFIC PROGRAMS AND OTHER PROJECTS OPERATED BY THESE ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Guy Landolfi Trustee | Trustee | 1 | $0 |
Sister Maureen Mcgarrity Csfn Trustee | Trustee | 1 | $0 |
Sister Janice Marie Blados Csfn Trustee | Trustee | 1 | $0 |
Sister Maria Sophia Gerlach Csfn Trustee | Trustee | 1 | $0 |
Ms Rosemary L Corsetti Trustee | Trustee | 1 | $0 |
Mr Gregory M Melvin CFA Trustee | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $647,288 |
| 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 | $647,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $966,000 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,436 |
| Advertising and promotion | $300 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $541 |
| Total functional expenses | $995,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,454 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $28,747,767 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,614,221 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $29,614,221 |
| Net assets with donor restrictions | $0 |
| 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 | $29,614,221 |
Grants Awarded
Over the last fiscal year, Nazareth Family Foundation has awarded $955,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY SERVICES INC PURPOSE: PROVIDE FUNDING FOR OPERATION OF SHELTER FOR HOMELESS FAMILIES. SERVING 200 PERSONS. | $100,000 |
THE COMMUNITY AT HOLY FAMILY MANOR INC PURPOSE: BENEVOLENT FUND FOR RESIDENTS PERSONAL CARE. 13 RESIDENTS RECEIVED FINANCIAL ASSISTANCE. COMMUNITY SERVICEMEMORY UNIT PERSONAL CARE HOME. SERVES 12 PEOPLE.PRESCHOOL PLAYGROUND SAFETY UPGRADES. SERVES 90 STUDENTS. | $183,000 |
NAZARETH ACADEMY GRADE SCHOOL PURPOSE: PROVIDE TUITION ASSISTANCE TO FAMILIES. SERVED 30 STUDENTS.COMMUNITY SERVICE | $70,000 |
NAZARETH ACADEMY HIGH SCHOOL PURPOSE: PROVIDE TUITION ASSISTANCE FOR STUDENTS. SERVED 192 STUDENTS.COMMUNITY SERVICE | $220,000 |
HOLY FAMILY INSTITUTE PURPOSE: NAZARETH PREP SCHOLARSHIP FUND - 10 LOW INCOME STUDENTSCOMMUNITY SERVICE | $170,000 |
SISTERS PLACE PURPOSE: SUPPORT POOR AND HOMELESS FAMILIES. EDUCATIONAL PROGRAMS. | $30,000 |