Holy Family Ministries
- Assets
- $18.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 100
- Location
- Chicago, IL
- Founding
- 12/1999
- Data as of
- 07/2023
- EIN
- 36-4320533
Organization Overview
Holy Family Ministries is located in Chicago, IL. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 07/2023, Holy Family Ministries employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Family Ministries 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 07/2023, Holy Family Ministries generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $6.2m during the year ending 07/2023. While expenses have increased by 5.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOLY FAMILY MINISTRIES PROVIDES EDUCATIONAL OPPORTUNITIES FOR CHILDREN, YOUTH AND FAMILIES IN CHICAGO'S UNDER-RESOURCED NEIGHBORHOODS TO EXCEL ACADEMICALLY, GROW SPIRITUALLY, EXPAND LIFE EXPERIENCES, AND BECOME EXCEPTIONAL LEADERS THROUGH A FAITH-BASED APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION K-8 AND EARLY CHILDHOOD EDUCATION.
THRIFT SHOP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Collins CEO | OfficerTrustee | 40 | $149,012 |
Dan Badovinac Board Chair | OfficerTrustee | 6 | $0 |
Fanisha Davis Director | Trustee | 1 | $0 |
Eric Draut Board Chair | OfficerTrustee | 3 | $0 |
Carl Fisher Director | Trustee | 1 | $0 |
David Fisher Vice Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,215,464 |
| Related organizations | $0 |
| Government grants | $1,253,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,748,968 |
| Noncash contributions included in lines 1a–1f | $885,338 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,218,122 |
| Total Program Service Revenue | $734,148 |
| Investment income | $225,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,867 |
| Net Gain/Loss on Asset Sales | -$53,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,128,078 |
| 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. | $489,548 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,049,990 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $270,271 |
| Payroll taxes | $270,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $574,614 |
| Advertising and promotion | $7,715 |
| Office expenses | $27,417 |
| Information technology | $53,131 |
| Royalties | $0 |
| Occupancy | $193,467 |
| Travel | $5,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,099 |
| Interest | $85,319 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $333,911 |
| Insurance | $0 |
| All other expenses | $119,563 |
| Total functional expenses | $6,236,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,116,785 |
| Savings and temporary cash investments | $2,925,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $142,681 |
| Prepaid expenses and deferred charges | $34,777 |
| Net Land, buildings, and equipment | $6,407,195 |
| Investments—publicly traded securities | $7,655,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,914 |
| Total assets | $18,699,673 |
| Accounts payable and accrued expenses | $56,875 |
| 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 | $1,855,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $376,317 |
| Total liabilities | $2,288,192 |
| Net assets without donor restrictions | $14,515,005 |
| Net assets with donor restrictions | $1,896,476 |
| 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 | $18,699,673 |