Sacred Heart Educational Services Inc
- Assets
- $187.3k
- Revenue
- $204.3k
- Investments
- $0.0
- Employees
- 7
- Location
- McKinney, TX
- Founding
- 07/1979
- Data as of
- 12/2020
- EIN
- 75-1656380
Organization Overview
Sacred Heart Educational Services Inc is located in McKinney, TX. The organization was established in 1979. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2021, Sacred Heart Educational Services Inc employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sacred Heart Educational Services 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 12/2020, Sacred Heart Educational Services Inc generated $204.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $227.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
A BOOKSTORE PROVIDING EDUCATIONAL MATERIAL AND SERVICES IN THE PROMOTION OF THE CATHOLIC FAITH. DONATIONS WERE MADE TO THE WHITE ROSE WOMEN'S CENTER, A 501(C)(3) ENTITY. THE ORGANIZATION ALSO OPERATES A LENDING LIBRARY OF MOVIES AND BOOKS FOR LOAN TO MEMBERS AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A BOOKSTORE PROVIDING EDUCATIONAL MATERIAL AND SERVICES IN THE PROMOTION OF THE CATHOLIC FAITH. ALSO OPERATES A LENDING LIBRARY OF MOVIES AND BOOKS FOR LOAN TO MEMBERS AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole White Dir / Manager | OfficerTrustee | 40 | $34,333 |
Jean Ann Kirwin Asst Manager | Officer | 40 | $34,300 |
Mark Rutedge Chairman | OfficerTrustee | 0.5 | $0 |
Bill Whitehead Treasurer | OfficerTrustee | 0.5 | $0 |
FR Jason Cargo Director | Trustee | 0.5 | $0 |
Carolyn Bonicard Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $203,305 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,445 |
| 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 | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,348 |
| Office expenses | $7,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,236 |
| 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 | $1,698 |
| All other expenses | $0 |
| Total functional expenses | $227,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,931 |
| Savings and temporary cash investments | $53,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,797 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $187,348 |
| Accounts payable and accrued expenses | $17,452 |
| 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 | $38,479 |
| Total liabilities | $55,931 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $131,417 |