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Albert E Farone & Angela T Farone

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.88M (2024)

Expenses
$1.57M (2024)

Total Assets
$39.7M (2024)

Total Liabilities
$2.25k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending April
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,883,987
Expenses
$1,568,344
Net Income
$315,643
Net Assets
$39,703,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $515,545
27.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,368,442
72.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,705,307
Total Liabilities $2,250
Net Assets $39,703,057
Compensation
Key Employees and Officers Compensation Related Other
Peter Kilpatrick (Ex Officio Director/President) $0 $633,594 $51,218
Robert M Specter (Ex Officio Director/Treasurer) $0 $453,291 $49,982
David Aaron Dominguez (Ex Officio Director/Provost) $0 $440,352 $56,327
Deanne Gipson Madden (Ex Officio Director/Vp Enrollment) $0 $306,467 $32,815
Fr David Lefort (Elected Director (Dec. 8/31/2023)) $0 $0 $0
Matthew Dolan (Secretary) $0 $287,676 $44,709
John H Garvey (Ex Officio/President) $0 $426,792 $49,764
John H Garvey (Former Ex Officio Director/President) $0 $426,792 $49,764

Document Links

Fiscal Year Ending April
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,930,174
Expenses
$804,676
Net Income
$1,125,498
Net Assets
$39,735,569
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $616,535
31.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,313,639
68.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,735,944
Total Liabilities $375
Net Assets $39,735,569
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $550,524 $41,023
Peter Kilpatrick (Ex Officio Director/President) $0 $320,013 $31,467
Robert M Specter (Ex Officio Director/Treasurer) $0 $449,610 $43,810
Christopher L Lydon (Ex Officio Director/Enrollment Management) $0 $328,481 $21,801
David Aaron Dominguez (Ex Officio Director/Provost) $0 $430,385 $48,058
Deanne Gipson (Ex Officio Director/Vp Enrollment) $0 $79,247 $6,502
Fr David Lefort (Elected Director) $0 $0 $0
Hasanna Tyus (Ex Officio Director/Vp Enrollment) $0 $202,093 $21,326
Lawrence J Morris (Secretary) $0 $323,541 $32,902
Matthew Dolan (Secretary) $0 $284,134 $40,800

Document Links

Fiscal Year Ending April
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,862,925
Expenses
$845,927
Net Income
$1,016,998
Net Assets
$37,738,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $603,812
32.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,259,113
67.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,739,378
Total Liabilities $750
Net Assets $37,738,628
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $649,153 $11,730
Robert M Specter (Ex Officio Director/Treasurer) $0 $540,675 $12,797
Christopher L Lydon (Ex Officio Director Enrollment Management) $0 $294,784 $19,451
David Aaron Dominguez (Ex Officio Director/Provost) $0 $395,131 $16,648
Fr David Lefort (Elected Director) $0 $0 $0
Lawrence J Morris (Secretary) $0 $296,091 $12,194

Document Links

Fiscal Year Ending April
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,361,588
Expenses
$528,130
Net Income
$833,458
Net Assets
$40,485,942
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $581,633
42.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $779,955
57.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,485,942
Total Liabilities $0
Net Assets $40,485,942
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $505,374 $40,440
David Aaron Dominguez (Director) $0 $399,167 $43,313
Robert M Specter (Ex Officio Director/Treasurer) $0 $366,572 $36,790
Christopher P Lydon (Ex Officio Director) $0 $295,856 $32,850
Lawrence J Morris (Secretary) $0 $290,805 $21,906
Fr David Lefort (Elected Director) $0 $0 $0

Document Links

Fiscal Year Ending April
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,021,578
Expenses
$509,434
Net Income
$4,512,144
Net Assets
$32,160,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $575,999
11.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,445,579
88.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,162,865
Total Liabilities $1,875
Net Assets $32,160,990
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $680,758 $40,257
Robert M Specter (Ex Officio Director/Treasurer) $0 $405,774 $39,553
Andrew V Abela (Ex Officio Director) $0 $401,733 $43,178
Lawrence J Morris (Secretary) $0 $317,472 $30,364
Christopher P Lydon (Ex Officio Director) $0 $286,356 $39,974
Fr David Lefort (Elected Director) $0 $0 $0

Document Links

Fiscal Year Ending April
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,571,601
Expenses
$696,340
Net Income
$875,261
Net Assets
$33,377,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $528,144
33.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,043,457
66.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $33,378,770
Total Liabilities $1,650
Net Assets $33,377,120
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $607,021 $42,762
Fr David Lefort (Elected Director) $0 $0 $0
Robert M Specter (Ex Officio Director/Treasurer) $0 $388,184 $41,615
Andrew V Abela (Ex Officio Director) $0 $426,126 $46,141
Christopher P Lydon (Ex Officio Director) $0 $263,586 $26,850
Lawrence J Morris (Secretary) $0 $308,494 $30,150
James Brennan (Ex Officio Director Resigned 9/23/14) $0 $147,823 $21,594

Document Links

Fiscal Year Ending April
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,833,201
Expenses
$856,065
Net Income
$977,136
Net Assets
$30,097,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $490,999
26.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,342,202
73.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,931,266
Total Liabilities $833,340
Net Assets $30,097,926
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $553,678 $41,538
Fr David Lefort (Elected Director) $0 $0 $0
Robert M Specter (Ex Officio Director/Treasurer) $0 $388,470 $40,541
Andrew V Abela (Ex Officio Director) $0 $415,992 $44,811
Christopher P Lydon (Ex Officio Director) $0 $263,567 $21,512
Lawrence J Morris (Secretary) $0 $238,309 $25,896
James Brennan (Ex Officio Director Resigned 9/23/14) $0 $147,867 $21,311

Document Links

Fiscal Year Ending April
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,165,042
Expenses
$680,813
Net Income
$484,229
Net Assets
$29,207,818
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $963,017
82.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $202,025
17.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,866,848
Total Liabilities $659,030
Net Assets $29,207,818
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $648,845 $40,551
Robert Moyer (Elected Director Through 12/2016) $0 $0 $0
Robert M Specter (Ex Officio Director/Treasurer) $0 $442,867 $13,158
Andrew V Abela (Ex Officio Director) $0 $401,787 $43,473
Christopher P Lydon (Ex Officio Director) $0 $255,645 $27,084
Lawrence J Morris (Secretary) $0 $218,425 $23,783
James Brennan (Former Ex Officio Director Resigned 9/23/14) $0 $148,914 $20,990

Document Links

Fiscal Year Ending April
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,106,103
Expenses
$618,176
Net Income
$487,927
Net Assets
$31,666,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $920,103
83.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $186,000
16.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,267,740
Total Liabilities $601,400
Net Assets $31,666,340
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $456,139 $39,170
Robert Moyer (Elected Director) $0 $0 $0
Robert M Specter (Ex Officio Director/Treasurer Effective 8/17/2015) $0 $110,827 $3,806
Cathy R Wood (Ex Officio Director/Treasurer Resigned 8/14/2015) $0 $204,982 $22,335
Andrew V Abela (Ex Officio Director Effective 6/3/2015) $0 $391,476 $41,817
Rev Mark M Morozowich (Ex Officio Dir Resigned 6/2/2015) $0 $110,268 $21,464
Christopher P Lydon (Ex Officio Director Effective 6/22/2015) $0 $164,017 $13,032
W Michael Hendricks (Ex Officio Director Resigned 6/5/2015) $0 $108,955 $18,452
Lawrence J Morris (Secretary) $0 $208,475 $22,719
James Brennan (Former Ex Officio Director Resigned 9/23/14) $0 $261,763 $32,511

Document Links

Fiscal Year Ending April
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,294,511
Expenses
$595,170
Net Income
$699,341
Net Assets
$30,597,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $896,823
69.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $397,688
30.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,179,029
Total Liabilities $581,325
Net Assets $30,597,704
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $532,478 $41,813
Robert Moyer (Elected Director) $0 $0 $0
Cathy R Wood (Ex Officio Director/Treasurer) $0 $293,056 $28,749
James Brennan (Ex Officio Director Resigned 9/23/14) $0 $316,511 $32,987
Rev Mark M Morozowich (Ex Officio Dir Effective 9/24/14) $0 $96,479 $19,691
W Michael Hendricks (Ex Officio Director) $0 $269,909 $40,093
Lawrence J Morris (Secretary) $0 $206,598 $22,515

Document Links

Fiscal Year Ending April
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,167,684
Expenses
$666,513
Net Income
$501,171
Net Assets
$30,463,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $885,448
75.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $282,236
24.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,108,993
Total Liabilities $645,000
Net Assets $30,463,993
Compensation
Key Employees and Officers Compensation Related Other
John H Garvey (Ex Officio Director/President) $0 $554,390 $41,050
Robert Moyer (Elected Director) $0 $0 $0
James F Brennan (Ex Officio Director) $0 $316,467 $32,189
Cathy R Wood (Ex Officio Director/Treasurer) $0 $308,109 $28,255
W Michael Hendricks (Ex Officio Director) $0 $256,700 $37,794
Lawrence J Morris (Secretary) $0 $212,449 $23,133

Document Links

Fiscal Year Ending April
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$948,236
Expenses
$691,340
Net Income
$256,896
Net Assets
$26,593,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $838,991
88.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $109,245
11.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,274,452
Total Liabilities $681,261
Net Assets $26,593,191

Document Links

Fiscal Year Ending April
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$968,319
Expenses
$577,312
Net Income
$391,007
Net Assets
$25,051,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $844,944
87.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $123,375
12.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,616,958
Total Liabilities $565,261
Net Assets $25,051,697

Document Links

Fiscal Year Ending April
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending April
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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