Sacred Heart At Monastery Lake Inc is located in Franklin, WI. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sacred Heart At Monastery Lake 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 At Monastery Lake Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 1.7% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING FOR CURRENT AND RETIRED MEMBERS OF PRIESTS OF THE SACRED HEART, A ROMAN CATHOLIC RELIGIOUS ORDER. ALSO PROVIDES HOUSING (SOME SUBSIDIZED) FOR SENIOR (AGE 55+) MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SACRED HEART AT MONASTERY LAKE IS A RESIDENCE FOR RETIRED AND CURRENT MEMBERS OF THE PRIESTS OF THE SACRED HEART, A ROMAN CATHOLIC RELIGIOUS ORDER. THERE ARE ALSO SENIOR RESIDENTIAL UNITS FOR MEMBERS OF THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
V Rev Edward Killianski President | OfficerTrustee | $0 | |
FR Quang Nguyen Vice Preside | OfficerTrustee | $0 | |
Br Frank Presto Scj Secretary | OfficerTrustee | $0 | |
Dn David Nagel Scj Treasurer | OfficerTrustee | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,149,716 |
Investment income | $317 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,150,033 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
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 | $0 |
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 | $14,044 |
Information technology | $5,777 |
Royalties | $0 |
Occupancy | $371,922 |
Travel | $203 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $696 |
Interest | $120,354 |
Payments to affiliates | $1,025,000 |
Depreciation, depletion, and amortization | $633,067 |
Insurance | $3,201 |
All other expenses | $33,713 |
Total functional expenses | $2,679,596 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $136,827 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,557 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $18,104 |
Net Land, buildings, and equipment | $12,105,828 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $216,988 |
Total assets | $12,481,304 |
Accounts payable and accrued expenses | $23,831 |
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 | $2,945,687 |
Unsecured mortgages and notes payable | $25,413 |
Other liabilities | $279,305 |
Total liabilities | $3,274,236 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $9,207,068 |
Total liabilities and net assets/fund balances | $12,481,304 |
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Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
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Society Of St Vincent De Paul Racine County Council Inc Racine, WI | $1,705,699 | $2,276,481 |