Brothers Of The Sacred Heart Foundation Inc
- Assets
- $47.2m
- Revenue
- $4.1m
- Investments
- $6.0m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 72-0841091
Organization Overview
Brothers Of The Sacred Heart Foundation Inc is located in New Orleans, LA. The organization was established in 1946. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Brothers Of The Sacred Heart Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Brothers Of The Sacred Heart Foundation Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $745.4k during the year ending 06/2021. While expenses have increased by 13.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE LIFE AND WORKS OF THE BROTHERS OF THE SACRED HEART THROUGH (CONTINUED ON SCH. O) SUSTAINED RELATIONSHIPS, SPIRITUAL SUPPORT, AND FUNDING OF VOCATION AND FORMATION EFFORTS IN THE PROVINCE AND IN ITS MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ISSUE GRANTS TO THE BROTHERS OF THE SACRED HEART IN ORDER TO FURTHER THE LIFE AND MISSION OF THE U.S. PROVINCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brother Ivy Leblanc Sc Executive Director/sec/tre | OfficerTrustee | 40 | $100,000 |
Brother Ronald Hingle Sc President | OfficerTrustee | 0.5 | $0 |
Ted Longo Director | Trustee | 0.5 | $0 |
Paul Miller Director | Trustee | 0.5 | $0 |
Hugh Hamilton Director | Trustee | 0.5 | $0 |
John Devlin III Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,102,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,102,291 |
| Total Program Service Revenue | $0 |
| Investment income | $604,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,426,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,133,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $366,280 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,650 |
| Compensation of current officers, directors, key employees. | $11,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,831 |
| Total functional expenses | $745,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,727,624 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,078,588 |
| Investments—other securities | $5,974,837 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,226,779 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,421,980 |
| Net assets with donor restrictions | $39,804,799 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,226,779 |
Grants Awarded
Over the last fiscal year, Brothers Of The Sacred Heart Foundation Inc has awarded $21,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: DONATION FOR MISSION TRIP | $11,650 |
NEW HOPE LEARNING CENTER LLC PURPOSE: PROGRAM SUPPORT | $9,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brothers Of The Sacred Heart Foundation Inc has recieved totaling $5,600.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,500 |
William C And Antoinette M Childs Foundation Kerrville, TX PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John G & Marie Stella Kenedy Memorial Foundation Corpus Christi, TX | $364,888,417 | $75,089,891 |
Gods Healthy Place Inc Fort Worth, TX | $0 | $0 |
First Methodist Church Of Fort Worth Foundation Inc Fort Worth, TX | $97,113,260 | $7,597,400 |
Mary R Gallaspy Charitable Trust No One Monroe, LA | $16,837,410 | $596,346 |
Park Cities Presbyterian Church Foundation Dallas, TX | $2,207,492 | $1,215,742 |
Your Harvest House Burleson, TX | $1,051,962 | $1,972,586 |
Bethlehem Bible Co Inc New Braunfels, TX | $672,488 | $1,302,204 |
Sja Foundation Baton Rouge, LA | $11,583,947 | $2,001,512 |
St Pauls Methodist Foundation Of Houston Houston, TX | $29,200,178 | $3,302,666 |
Jewish Community Center Of Houston Endowment Fund Houston, TX | $14,128,365 | $1,483,983 |
Sibi Foundation Lubbock, TX | $22,658,439 | $3,935,219 |
Religion To Relationship Inc Paducah, TX | $1,335,703 | $123,528 |