Overview
What is Holy Family School?
Holy Family School, located in McKinney, Texas, is a nonprofit institution that primarily focuses on offering Christian education to preschoolers and kindergarteners. One of its key objectives is to help children whose native language is not English, by providing thorough English language instruction. Furthermore, Holy Family School provides child care services for families with low income, catering to infants, preschoolers, and pre-kindergarten children. With a team of 12 dedicated individuals, this organization strives to contribute positively to the community by nurturing young minds and supporting families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Holy Family School has achieved an impressive score of 94%, which reflects its strong performance in accountability and finance. This high rating is solely based on the organization's commitment to effective management and transparency, with a perfect accountability score. The charity demonstrates exceptional governance practices, including having a fully independent board and comprehensive policies regarding conflict of interest and whistleblower protections.
The organization excels in its financial metrics, showcasing a low liabilities-to-assets ratio of 8.11% and a high program expense ratio of 83.98%. This indicates that a significant portion of its resources is directed toward programmatic activities rather than administrative costs, ensuring that the funds raised are utilized effectively for the intended mission.
While there are no noted weaknesses in the data reviewed, the organization’s continuous efforts in maintaining high standards of accountability will be critical in upholding its reputation and trust among donors and the community. Holy Family School's strong governance framework reinforces its reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Family School legitimate?
Holy Family School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Family School 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,352
For more financial information, click here
What is the mission statement of Holy Family School?
Holy Family School's mission is centered around providing child care for families with limited financial resources, catering to infants, preschoolers, and pre-kindergarten children. The primary focus of the school is to offer a nurturing environment that fosters growth and development, particularly in the English language for children whose first language is not English. The school aims to contribute positively to these children's early education, promoting a strong foundation for their future academic and personal success.
Who is the CEO of Holy Family School?
Lynne Sipiora is the President of Holy Family School.
What is the revenue of Holy Family School?
Holy Family School's revenue in 2021 was $197,457.
Who are the executives of Holy Family School and what are their salaries?
The average compensation at Holy Family School during 2021 was $13,696. There are 12 employees and 2 volunteers at Holy Family School.
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Where can I find the form 990 for Holy Family School?
Holy Family School's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Holy Family School
Holy Family School, a nonprofit institution, is dedicated to providing child care services for families with limited financial resources. Particularly, it caters to infants, preschoolers, and children preparing for kindergarten. The school's mission is not merely about childcare; it also focuses on teaching English as a second language to children whose native tongue is not English. This aspect of the school's mission emphasizes the importance of language education in fostering a well-rounded educational experience for all students.
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Impact
October, 2024
Holy Family School of McKinney plays a crucial role in supporting low-income families by providing quality child care for infants, preschoolers, and pre-kindergarteners. By focusing on Christian education, the school creates a nurturing environment that emphasizes not only academic growth but also moral and spiritual development.
A particularly significant aspect of Holy Family School is its commitment to teaching the English language to children for whom it is a second language. This focus helps bridge the language gap, empowering students and enhancing their ability to thrive academically and socially in an increasingly diverse community. Through its programs, Holy Family School not only fosters early childhood education but also strengthens families and supports the overall well-being of the McKinney community.
This information is meant to be a general summary of Holy Family School. 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 2021.
- Program Service Revenue: $176,273
- Gross Receipts: $197,907
Assets and Liabilities:
- Total Assets: $840,062
- Total Liabilities: $68,204
- Net Assets: $771,858
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$176,273
Organization Details
Founding Year
1951
Phone
(972) 562-5476Principal Officer
Lynne Sipiora
Main Address
500 Throckmorton, McKinney, TX, 75069
NTEE Category
Code: B21 - Education
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