Sacred Heart Teachers Sustentation Fund
- Assets
- $2.1m
- Revenue
- $124.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Muenster, TX
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 75-1564578
Organization Overview
Sacred Heart Teachers Sustentation Fund is located in Muenster, TX. The organization was established in 1977. According to its NTEE Classification (Y33) the organization is classified as: Teachers Retirement Fund Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Heart Teachers Sustentation Fund 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, Sacred Heart Teachers Sustentation Fund generated $124.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $52.0k during the year ending 06/2022. While expenses have increased by 4.1% 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
CHARITABLE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PAID TO SACRED HEART CATHOLIC SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Joseph Keating Trustee | OfficerTrustee | 3 | $0 |
John Bartush Trustee | OfficerTrustee | 0.5 | $0 |
Danny Walterscheid Trustee | OfficerTrustee | 0.5 | $0 |
Andrew Strabala Trustee | OfficerTrustee | 0.5 | $0 |
Stephen Nasche Trustee | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,951 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,903 |
| Total Program Service Revenue | $0 |
| Investment income | $27,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,228 |
| Net Income from Fundraising Events | $3,770 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,480 |
| 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 | $380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,167 |
| Fees for services: Other | $0 |
| Advertising and promotion | $576 |
| Office expenses | $17 |
| Information technology | $0 |
| 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 | $18,381 |
| Total functional expenses | $52,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,433 |
| 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 | $1,673,957 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334,059 |
| Total assets | $2,062,449 |
| 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 | $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 | $2,062,449 |
| Total liabilities and net assets/fund balances | $2,062,449 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sacred Heart Teachers Sustentation Fund has recieved totaling $1,212.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $712 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bac Local Union 15 Welfare Fund Kansas City, MO | $24,262,115 | $10,907,825 |
United Association Of Plumbers Local No 8 Health & Wefare Plan Fu Kansas City, MO | $17,308,413 | $11,003,032 |
Ibew No 271-Neca Health And Benefit Fund Wichita, KS | $18,940,734 | $10,630,530 |
Jackson Utility Division Benefits Program Trust Jackson, TN | $8,539,572 | $8,659,868 |
Hunter Engineering Company Welfare Plan Trust I Bridgeton, MO | $0 | $7,061,469 |
Atmos Post-Retirement Welfare Benefit Tax-Exempt Trust Dallas, TX | $263,895,658 | $35,456,570 |
Collegiate Association Resource Of The Southwest Inc Irving, TX | $6,119,793 | $8,308,692 |
Mo-Kan Teamsters Health & Welfare Fund Kansas City, MO | $14,649,748 | $10,157,233 |
Arctic Slope Regional Corporation Employee Benefit Trust Dallas, TX | $466,675 | $7,961,256 |
Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc Austin, TX | $70,747,885 | $31,418,906 |
Co Serv Electric Group Health Benefit Plan Tr Corinth, TX | $5,751,398 | $8,478,438 |
Lw Texas Construction Veba Trust Agreement Lubbock, TX | $0 | $8,277,729 |