Nazareth Prep
Nonprofit profile at a glance
- EIN
- 232939532
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Pittsburgh, PA, USA
- Phone
- 4127664030
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Job Training
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,446,597
- Expenses
- $3,455,378
- Assets
- $2,089,597
- Liabilities
- $161,907
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- SR LINDA YANKOSKI CSFN EDD (CEO (EX-OFFICIO))
Highest reported compensation
- SR LINDA YANKOSKI CSFN EDD (CEO (EX-OFFICIO)): $278,509 total reported compensation
- MICHAEL SEXAUER (TRUSTEE): $263,700 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nazareth prep is an independent catholic high school for students of all faiths that provides an affordable, innovative education that inspires students to learn, lead, and serve in a diverse and changing world.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Affiliate-supported. 87% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Direct operator. The filing allocates 92% 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: 90
- Transparency & Controls: 83
- Accountability: 91
- Sustainability: 33
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.5%; rating input score 91
- Program expense ratio: 91.5%; rating input score 91
- Fundraising efficiency: $86.18 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 84.6%; rating input score 85; 17th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.3%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: -7.9% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -6.4% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -4% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 91.5% of revenue deployed · 91.5% of spending went to programs
- Governance: 11 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.2M in reported program spending
- Leadership: top reported pay $279K · 13 people listed · 3 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 5 filed related-organization links
- 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: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.