Frassati Fellowship of Catholic Young Adults Inc
Nonprofit profile at a glance
- EIN
- 861117920
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Bronx, NY, USA
- Phone
- 7326783069
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Roman Catholic
- Affiliation
- Christianity
Reported finances
- Revenue
- $62,112
- Expenses
- $51,661
- Assets
- $35,784
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Erin Cain (President)
- Angelo Falabella (Vice President)
People named in this filing
- Erin Cain (President)
- Angelo Falabella (Vice President)
- Anna Sowa (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster the spiritual, social, and charitable growth of Catholic young adults through faith-based programs, community building, service, and evangelization in accordance with the teachings of the Catholic Church.
What it reported doing in 2025
Program Service 3: Ministry Leader Formation Retreat Frassati organized a three-day overnight retreat for its Ministry Leaders, held at the Blue Army Shrine in Asbury, New Jersey. The retreat centered on spiritual formation, faith growth, and fellowship among the organization's leadership team, while also providing dedicated time for community building and missional planning. The weekend featured participation from the Franciscan Friars of the Renewal (CFRs), whose presence enriched the retreat through spiritual guidance and accompaniment. The retreat strengthened the leadership foundation of the organization, equipping Ministry Leaders to better serve the broader Frassati Fellowship NYC community in its mission of Catholic young adult evangelization. 15 individuals participated, including 14 overnight retreatants and 1 CFR.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 16.8%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -8.3% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: -9.3% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 83.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $52K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2015 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.