Brothers Of The Sacred Heart Foundation Inc

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 06/2023, Brothers Of The Sacred Heart Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $2.7m during the year ending 06/2023. While expenses have increased by 29.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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)Compensation
John Langdon
Director
$0
Paul Miller
Director
$0
John Devlin III
Director
$0
Hugh Hamilton
Director
$0
Michael Kimble
Director
$0
Ted Longo
Director
$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$1,211,689
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,211,689
Total Program Service Revenue$0
Investment income $1,032,311
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $600,327
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,844,327

Grants Awarded

Over the last fiscal year, Brothers Of The Sacred Heart Foundation Inc has awarded $21,150 in support to 2 organizations.

Grant RecipientAmount

NEW HOPE LEARNING CENTER LLC

PURPOSE: PROGRAM SUPPORT

$9,500

BROTHER MARTIN HIGH SCHOOL

PURPOSE: DONATION FOR MISSION TRIP

$11,650
View Grant Profile

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