Overview
What is Holy Family Academy?
Holy Family Academy is a nonprofit institution located in Manassas, Virginia, with a specific focus on Catholic education. Serving students from Kindergarten to Twelfth Grade, the academy is committed to upholding the teachings of the Catholic Church. This commitment extends beyond religious education, encompassing intellectual development grounded in the Liturgy and Sacraments of the Church, as well as cultural education rooted in the tradition and history of the Church and western civilization. The academy employs a dedicated workforce of 18 individuals, ensuring a nurturing and supportive environment for its students.
Official website here: www.holyfamilyacademy.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (58%)
Holy Family Academy has received a low rating of 58% from Charity Navigator, reflecting significant concerns related to its accountability and finance practices. The organization has several weaknesses, including a lack of independent board members, which raises questions about governance and oversight. Additionally, the financial statements are not adequately presented, further complicating transparency for stakeholders.
On a positive note, the academy has reported a strong program expense ratio, indicating that a substantial portion of its funds is directed towards its programs. Moreover, it has performed well in areas such as material diversion of assets and liabilities to assets ratio, suggesting effective asset management and financial stability in that regard. The presence of conflict of interest and whistleblower policies is also noted, though the latter has room for improvement.
Despite these strengths, the overall low accountability score and weaknesses in board independence and financial transparency highlight areas that Holy Family Academy must address to enhance its credibility and effectiveness. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Family Academy legitimate?
Holy Family Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Family Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $660,482
For more financial information, click here
Official website here: www.holyfamilyacademy.net
What is the mission statement of Holy Family Academy?
Holy Family Academy's mission is centered around providing a comprehensive Catholic education for children from Kindergarten to Twelfth grade. This education is deeply rooted in the teachings of the Catholic Church, emphasizing intellectual growth through the Liturgy and Sacraments. The cultural formation of the students is also a significant aspect, drawing from the historical traditions and civilization of the Catholic Church and the West. The academy aims to foster an educational environment that is faithful to the Catholic Church's doctrine.
Official website here: www.holyfamilyacademy.net
Who is the CEO of Holy Family Academy?
Suzanne Kosten is the Treasurer of Holy Family Academy.
Official website here: www.holyfamilyacademy.net
What is the revenue of Holy Family Academy?
Holy Family Academy's revenue in 2022 was $1,204,099.
Official website here: www.holyfamilyacademy.net
Who are the executives of Holy Family Academy and what are their salaries?
The average compensation at Holy Family Academy during 2022 was $41,141. There are 18 employees at Holy Family Academy.
Here are 6 key members and their salaries:
- Compensation: $80,050
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.holyfamilyacademy.net
Where can I find the form 990 for Holy Family Academy?
Holy Family Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holyfamilyacademy.net
Learn more at the official website: www.holyfamilyacademy.net
Mission Statement of Holy Family Academy
Holy Family Academy, a nonprofit institution, is committed to offering a Catholic education to children from Kindergarten to Twelfth Grade. This education is rooted in the teachings of the Catholic Church, encompassing both intellectual and cultural development. The intellectual formation is based on the Church's Liturgy and Sacraments, while the cultural education is grounded in the tradition and history of the Catholic Church and Western civilization. By adhering to this mission, Holy Family Academy seeks to provide a well-rounded education that nurtures the minds and spirits of its students, instilling in them a deep respect for the teachings of the Catholic Church.
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Impact
July, 2024
Holy Family Academy's impact is profound, providing a Catholic education that is faithful to the magisterium of the Catholic Church. By offering intellectual formation based on the Liturgy and Sacraments of the Catholic Church, as well as cultural formation rooted in the tradition and history of the Catholic Church and western civilization, Holy Family Academy enriches the lives of children in Grades Kindergarten through Twelfth. Its mission to instill these values and teachings in its students has a lasting impact on their academic, spiritual, and personal development.
This information is meant to be a general summary of Holy Family Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $319
- Program Service Revenue: $950,492
- Gross Receipts: $1,204,099
Assets and Liabilities:
- Total Assets: $1,954,667
- Total Liabilities: $18,347
- Net Assets: $1,936,320
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education & Related Activ
Revenue
$950,492
Organization Details
Founding Year
1993
Phone
(703) 368-5679Principal Officer
Suzanne Kosten
Main Address
10580 Pineview Rd, Manassas, VA, 20111
Website
www.holyfamilyacademy.netNTEE Category
Code: B24 - Education
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