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ST STEPHEN OF HUNGARY SCHOOL FOUNDATION INC
NEW YORK, NY · EIN 464188043 · Form 990 · FY2023 · NTEE X11 · Religion-Related · Small ($100K-$1M) · saintstephenschoolfoundation.org
revenue
$249K
expenses
$277K
net assets
$657K
employees
0
volunteers
6
program ratio
98%
mission · from form 990

TO ENHANCE THE EDUCATIONAL AND TEACHING ENVIRONMENTS FOR BOTH THE STUDENTS AND THE FACULTY OF THE SAINT STEPHEN OF HUNGARY SCHOOL BY SERVING AS THE CORNERSTONE OF THE SCHOOL'S FUNDRAISING ACTIVITIES.

profile · synthesized from sources

St. Stephen of Hungary School Foundation supports Saint Stephen of Hungary School, a National Blue Ribbon Catholic school in New York City, by serving as the cornerstone of its fundraising activities. The foundation enhances the educational environment for students and faculty through annual campaigns, special events, and scholarship programs. It funds academic programming, faculty development, facility improvements, and financial aid to sustain a high-quality, accessible Catholic education.

named programs · 5 · from sources

What they call their work

Annual Auction
Spring fundraising event that supports enrichment programming such as technology, fine arts, physical education, French language, library resources, and music education
Annual Fund
Yearly campaign to raise unrestricted funds that support the school’s daily operating budget, closing the gap between tuition revenue and the actual cost of education
Father Angelo Gambatese Scholarship Fund
Scholarship program providing financial aid to ensure economically diverse families can access a Saint Stephen of Hungary School education
Golf Outing
Annual fall event that raises funds for student scholarships, technology upgrades, facility improvements, athletic programs, and teacher professional development
Sketch Night
Annual community event featuring student and parent performers that raises funds for school initiatives
activities · 4 groups

What they do

  • Private K–12 School Support 2 activities
    • Administers scholarship fund to support student access
      Manages the Father Angelo Gambatese Scholarship Fund, which provides financial support to increase access to Catholic education at Saint Stephen of Hungary School.
    • Funds grants for school improvements
      Awards grants to support capital and programmatic improvements at Saint Stephen of Hungary School; awarded 11 grants totaling $464,000 during the 2022–2023 school year.
  • Fundraising for Community and Charitable Initiatives 1 activity
    • Accepts and processes donations through multiple channels
      Receives financial contributions via online web forms and by check sent to its New York address, facilitating broad donor participation in support of the school.
  • School-Specific Educational Support 1 activity
    • Conducts annual fundraising campaigns to support school operations
      Runs recurring fundraising initiatives, including the Annual Fund, to support the daily operating budget of Saint Stephen of Hungary School. These efforts are central to maintaining core educational and teaching environments.
  • School and School-Community Events 1 activity
    • Organizes annual fundraising events for school programs
      Hosts and manages multiple annual events including the Spring Auction, Sketch Night, Golf Outing, and Piano Bar Event to raise funds for enrichment programming, scholarships, technology, facilities, athletics, and teacher development. The Annual Auction is the largest event, specifically supporting programs such as fine arts, French language, library resources, and violin instruction.
financials · form 990 · fy2023
revenue
Total revenue$249K
Contributions & grants$227K91%
Program service revenue$00%
Investment income$21K9%
Other revenue$0
expenses
Total expenses$277K
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$264K
Largest expense lineFacilities
balance sheet
Total assets$678K
Cash$127K
Investments$552K
Liabilities$21K
Net assets$657K
Liquid reserves29.4 mo
5 years on record · 2019–2023 · YoY revenue -25.1%
leadership · form 990 part vii · fy2023

Who runs it

board members · 6
  • CANDACE BULISHAK — BOARD MEMBER
  • JENNIFER OGAN — TREASURER
  • JOHN BOSCO — VICE PRESIDENT
  • JOHN CORREIA — BOARD MEMBER
  • ROSA ALAIMO — SECRETARY
  • TOM DOHENY — PRESIDENT
relationships · 3

Who they work with

  • Promethean World Partner — Supplies Promethean Interactive Whiteboards used to support interactive classroom learning at Saint Stephen of Hungary School.
  • Saint Stephen of Hungary School Partner — Primary beneficiary of the Foundation's fundraising efforts
  • Saint Stephen of Hungary School Partner — Receives grant funding from the Foundation to support school improvements.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Fundraising as Reciprocal Spiritual Practice
    methodology: spiritual_reciprocity
    By framing giving as a reciprocal spiritual practice rooted in the Franciscan tradition, the foundation cultivates deeper donor engagement and sustained financial support, because spiritual motivation strengthens community commitment to collective responsibility.
  • Inclusive Access Through Targeted Financial Support
    methodology: inclusive-access
    By directing funds to expand access for economically diverse families and support targeted improvement initiatives, the foundation advances equitable enrollment and institutional quality, because financial inclusion is foundational to both mission integrity and long-term sustainability.
  • Tuition Gap Funding for Affordability
    methodology: tuition_gap_funding
    By using annual fundraising to close the gap between tuition revenue and the actual cost of education, the foundation ensures affordability and sustained access for economically diverse families, because direct financial bridging maintains enrollment inclusivity without compromising educational quality.