Nazareth Prep
- Assets
- $1.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/1998
- Data as of
- 06/2023
- EIN
- 23-2939532
Organization Overview
Nazareth Prep is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazareth Prep 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 06/2023, Nazareth Prep generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NAZARETH PREP IS A CATHOLIC HIGH SCHOOL FOR STUDENTS OF ALL FAITHS AND ECONOMIC BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul R Uhler Chair | OfficerTrustee | 1 | $0 |
Sally K Wade Vice Chair | OfficerTrustee | 1 | $0 |
John R Olszewski Treasurer | OfficerTrustee | 1 | $0 |
Christopher H Phillips Secretary | OfficerTrustee | 1 | $0 |
Stacy Brovitz Trustee | Trustee | 1 | $0 |
John Putzier Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,711,824 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,813,787 |
| Total Program Service Revenue | $335,524 |
| Investment income | $222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,182,051 |
| 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. | $189,195 |
| Compensation of current officers, directors, key employees. | $189,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,866 |
| Payroll taxes | $91,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,569 |
| Advertising and promotion | $0 |
| Office expenses | $236,356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $254,757 |
| Travel | $142,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,215 |
| Interest | $1,615 |
| Payments to affiliates | $239,003 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $109,325 |
| Total functional expenses | $3,124,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $279,951 |
| 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 | $50,874 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,641 |
| Total assets | $1,422,212 |
| Accounts payable and accrued expenses | $242,871 |
| 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 | $1,157,160 |
| Total liabilities | $1,400,031 |
| Net assets without donor restrictions | -$468,162 |
| Net assets with donor restrictions | $490,343 |
| 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 | $1,422,212 |