Cathedral Of The Sacred Heart Foundation
- Assets
- $1.5m
- Revenue
- $566.6k
- Investments
- $464.7k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-3666056
Organization Overview
Cathedral Of The Sacred Heart Foundation is located in Richmond, VA. The organization was established in 2014. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Of The Sacred Heart Foundation 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 06/2022, Cathedral Of The Sacred Heart Foundation generated $566.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $871.2k during the year ending 06/2022. While expenses have increased by 17.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVATION OF A NATIONAL LANDMARK, THE CATHEDRAL OF THE SACRED HEART
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVATION OF A NATIONAL LANDMARK, THE CATHEDRAL OF THE SACRED HEART
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Neathawk Chairperson | OfficerTrustee | 2 | $0 |
Kim Kremer Treasurer | OfficerTrustee | 3 | $0 |
Jane Hamilton Secretary | OfficerTrustee | 2 | $0 |
Bishop Barry C Knestout Sole Member | Trustee | 1 | $0 |
Rector Anthony E Marques Permanent Director | Trustee | 1 | $0 |
Theodore Robb Board Member | Trustee | 1 | $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 | $533,874 |
| Noncash contributions included in lines 1a–1f | $88,988 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $533,874 |
| Total Program Service Revenue | $0 |
| Investment income | $32,748 |
| 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 | $566,622 |
| 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 | $500 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $515 |
| Office expenses | $554 |
| Information technology | $3,207 |
| 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 | $0 |
| Total functional expenses | $871,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,028,567 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $464,684 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,493,251 |
| 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 | $58,562 |
| Net assets with donor restrictions | $1,434,689 |
| 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 | $1,493,251 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Cathedral Of The Sacred Heart Foundation has recieved totaling $104,933.
| Awarding Organization | Amount |
|---|---|
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: GENERAL AND RELIGIOUS PURPOSES; HELP WITH THE COSTS OF THE E. RHODES AND LEONA B. CARPENTER SERIES OF INSTRUMENTAL, VOCAL AND ORGAN PERFORMANCES BY WORLD-CLASS ARTISTS AND ACCOMPLISHED LOCAL ARTISTS, OFFERED FREE TO THE PUBLIC FOR FISCAL YEARS 2022-2024 | $95,000 |
Barrington Family Foundation Richmond, VA PURPOSE: CHARITABLE SUPPORT | $5,000 |
Richard B And Barbara B Odlin Foundation Spotsylvania, VA PURPOSE: GENERAL FUND | $2,000 |
Weathertop Foundation Richmond, VA PURPOSE: GENERAL SUPPORT | $1,000 |
Weathertop Foundation Richmond, VA PURPOSE: GENERAL SUPPORT | $1,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Bellevue Foundation Inc Cordova, TN | $4,434,633 | $1,873,411 |
Love Of Jesus Inc Richmond, VA | $78,913 | $756,026 |
Cathedral Of The Sacred Heart Foundation Richmond, VA | $1,493,251 | $566,622 |
Camp St Charles Inc Issue, MD | $696,980 | $720,122 |
Ground 40 Ministries Monroe, NC | $160,310 | $647,877 |
Virginia Baptist Childrens Home & Family Services Foundation Salem, VA | $12,915,726 | $2,531,560 |
Acc Foundation Washington, DC | $169,352 | $568,950 |