Carmelite Monastery Of The Sacred Hearts
- Assets
- $2.9m
- Revenue
- $755.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 74-2515178
Organization Overview
Carmelite Monastery Of The Sacred Hearts is located in Colorado Springs, CO. The organization was established in 0000. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Carmelite Monastery Of The Sacred Hearts 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 12/2022, Carmelite Monastery Of The Sacred Hearts generated $755.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $667.8k during the year ending 12/2022. 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
A COMMUNITY OF WOMEN WHO LIVE THE CONTEMPLATIVE CLOISTERED RELIGIOUS LIFE ACCORDING TO THE TRADITIONAL PRECEPTS OF THE ROMAN CATHOLIC CHURCH. THEIR MISSION INCLUDES GLORIFYING GOD BY PERSONAL SANCITIFICATION, ASSISTING AND ENCOURAGING PRIESTS BY PRAYER, MAKING ALTAR LINENS, PRAYING, RELIGIOUS INSTRUCTION OF LAITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS RELIGIOUS ORDER OF WOMEN LIVES A RELIGIOUS LIFE ACCORDING TO THE PRECEPTS OF THE CATHOLIC CHURCH THE ACTIVITIES IN COLUMN B CONTRIBUTE TO DOING WORKS OF CHARITY FOR THOSE IN NEED AND TO EDUCATING OTHERS ABOUT THE IMPORTANCE OF THE TRIDENTINE MASS THROUGH THE CATECHISM AND CHRISTIAN DOCTRINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Caritas Marie President | OfficerTrustee | 1 | $0 |
Sr Anne Christine Vice President | OfficerTrustee | 1 | $0 |
Sr Teresa Sec./treas | OfficerTrustee | 1 | $0 |
Sr Mary Baptist Director | Trustee | 1 | $0 |
Sr Catherine Director | 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 | $486,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,028 |
| Total Program Service Revenue | $0 |
| Investment income | $3,482 |
| 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 | $256,711 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $755,665 |
| 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 | $2,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $425 |
| Advertising and promotion | $0 |
| Office expenses | $12,805 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,240 |
| Travel | $3,368 |
| 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 | $101,116 |
| Insurance | $8,507 |
| All other expenses | $9,031 |
| Total functional expenses | $667,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,493,916 |
| Savings and temporary cash investments | $0 |
| 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 | $1,128,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $253,157 |
| Total assets | $2,875,835 |
| 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 | $26,767 |
| Total liabilities | $26,767 |
| Net assets without donor restrictions | $2,849,068 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,875,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Heart Foundation Inc Phoenix, AZ | $4,682,325 | $2,373,480 |
New Heart Inc Albuquerque, NM | $2,972,415 | $1,109,299 |
Carmelite Monastery Of The Sacred Hearts Colorado Springs, CO | $2,875,835 | $755,665 |
Colorado Heart Cycle Association Inc Golden, CO | $726,197 | $682,766 |
Sky Cliff Stroke Center Castle Rock, CO | $836,376 | $673,795 |
Happy Hearts Murray, NE | $62,833 | $284,799 |
Sacred Heart Of Jesus Housing Foundation Denver, CO | $2,696,352 | $141,477 |
Ppcm Fund Inc Heber City, UT | $0 | $0 |
Heart Of America Teen Challenge Inc Etna, WY | $0 | $47,010 |
Servants Of The Heart Of The Father Inc Platte Center, NE | $18,990 | $0 |
Nebraska State Stroke Association Lincoln, NE | $105,856 | $0 |
Arizona Blood Alliance Phoenix, AZ | $63,575 | $0 |
Intrepid Heart Ministries West Point, UT | $14,685 | $0 |
Chd Families Of Tucson Tucson, AZ | $116,174 | $0 |
Cardiovascular Society Of Arizona Phoenix, AZ | $24,411 | $0 |
Institute For Us-China Neuroscience And Stroke Initiative Mesa, AZ | $58,797 | $0 |
Expecting Hearts Inc Hobbs, NM | $0 | $0 |
Midwest Heart Connection Omaha, NE | $0 | $0 |