Civic Intelligence

Sacred Heart Foundation

990 • Fiscal year 2019 • EIN 16-6098362

Jan 01, 2019 to Dec 31, 2019 • Filed on May 05, 2020

668 Thompson StreetWatertown, NY 13601

(315) 782-3344

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

76th percentile

16%

Faster asset growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,597,077

Up $506,530 (+16%) from 2018

Net Assets

Up

$3,596,902

Up $506,538 (+16%) from 2018

Liabilities

Down

$175

Down $8 (-4.4%) from 2018

Revenue

Down

$190,639

Down $160,620 (-46%) from 2018

Expenses

Up

$188,673

Up $2,680 (+1.4%) from 2018

Net Income

Down

$1,966

Down $163,300 (-99%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $2,174,573Liabilities 2011: $1,003Net Assets 2011: $2,173,5702011Assets 2012: $2,401,371Liabilities 2012: $1,583Net Assets 2012: $2,399,7882012Assets 2013: $2,821,050Liabilities 2013: $1,100Net Assets 2013: $2,819,9502013Assets 2014: $2,928,499Liabilities 2014: $1,493Net Assets 2014: $2,927,0062014Assets 2015: $2,766,799Liabilities 2015: $1,057Net Assets 2015: $2,765,7422015Assets 2016: $2,927,384Liabilities 2016: $77Net Assets 2016: $2,927,3072016Assets 2017: $3,341,453Liabilities 2017: $316Net Assets 2017: $3,341,1372017Assets 2018: $3,090,547Liabilities 2018: $183Net Assets 2018: $3,090,3642018Assets 2019: $3,597,077Liabilities 2019: $175Net Assets 2019: $3,596,9022019Assets 2020: $3,925,232Liabilities 2020: $367Net Assets 2020: $3,924,8652020Assets 2021: $4,523,577Liabilities 2021: $1,517Net Assets 2021: $4,522,0602021Assets 2022: $3,786,008Liabilities 2022: $244Net Assets 2022: $3,785,7642022Assets 2023: $4,237,790Liabilities 2023: $581Net Assets 2023: $4,237,2092023Assets 2024: $4,962,730Liabilities 2024: $369Net Assets 2024: $4,962,3612024

Highlighted filing

2019

Assets$3,597,077
Liabilities$175
Net Assets$3,596,902

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $4,664Expenses 2011: $136,530Net Income 2011: -$131,8662011Revenue 2012: $365,632Expenses 2012: $139,414Net Income 2012: $226,2182012Revenue 2013: $560,498Expenses 2013: $140,336Net Income 2013: $420,1622013Revenue 2014: $374,483Expenses 2014: $158,986Net Income 2014: $215,4972014Revenue 2015: $470,986Expenses 2015: $155,542Net Income 2015: $315,4442015Revenue 2016: $95,686Expenses 2016: $167,412Net Income 2016: -$71,7262016Revenue 2017: $368,631Expenses 2017: $174,196Net Income 2017: $194,4352017Revenue 2018: $351,259Expenses 2018: $185,993Net Income 2018: $165,2662018Revenue 2019: $190,639Expenses 2019: $188,673Net Income 2019: $1,9662019Revenue 2020: $318,701Expenses 2020: $178,819Net Income 2020: $139,8822020Revenue 2021: $647,896Expenses 2021: $192,634Net Income 2021: $455,2622021Revenue 2022: $221,631Expenses 2022: $215,236Net Income 2022: $6,3952022Revenue 2023: $209,562Expenses 2023: $231,846Net Income 2023: -$22,2842023Revenue 2024: $744,243Expenses 2024: $230,332Net Income 2024: $513,9112024

Highlighted filing

2019

Revenue$190,639
Expenses$188,673
Net Income$1,966
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 5, 2020
Return Version
2019v5.0
Gross Receipts
$2,255,226
Mission and Program Overview

Mission

The sacred heart foundation spreads the word of god by raising funds which provide financial assistance for the education of those studying to be priests and brothers of the missionaries of the sacred heart anywhere in the world

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,809,775$3,333,356▲ $523,581
Savings and Temporary Cash Investments$256,934$251,542▼ $5,392
Cash and Non-Interest-Bearing Accounts$19,274$8,796▼ $10,478
Land, Buildings, and Equipment, Net$4,564$3,383▼ $1,181
Total Assets$3,090,547$3,597,077▲ $506,530
Liabilities
Accounts Payable and Accrued Expenses$183$175▼ $8
Total Liabilities$183$175▼ $8
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,090,364$3,596,902▲ $506,538
Total Net Assets Fund Balance$3,090,364$3,596,902▲ $506,538
Total Liabilities and Net Assets / Fund Balance$3,090,547$3,597,077▲ $506,530

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,383$21,080$24,463
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas BrunoPresident
Anthony MarraBoard Member
Frances CalarcoBoard Member
Julie HutchinsBoard Member
Kathy MoranBoard Member
LISA L'HUILLIERBoard Member
Nancy MccabeBoard Member
Patrick SignorBoard Member
Randy FippsBoard Member
William CapraraBoard Member
Jayme St CroixPast Preside
Fr Vincent Freeh MscPermanent Di
Frank ReffSecretary
Tamasina SharlowTreasurer
Daniel VillaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$33,316
Program Service Revenue
$0
Investment Income
$114,296
Other Revenue
$43,027
All Other Contributions
$27,455
Change in Net Assets
$1,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,983
Total Fundraising Expense$32,906
Salaries, Compensation, and Employee Benefits$26,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$23,946$7,982-$31,928
Other Salaries and Wages$9,151$9,152$6,431$24,734
Office Expenses$2,387$2,384$1,675$6,446
Other Expenses$1,390$1,389$976$3,755
Occupancy$1,318$777$5$2,100
Payroll Taxes$723$724$509$1,956
Fees for Services Accounting$629$629$442$1,700
All Other Expenses$606$605$425$1,636
Depreciation Depletion$699$442$39$1,180
Insurance$425$425$299$1,149
Advertising$425$425$298$1,148
Conferences and Meetings$317$317$223$857
Total Functional Expenses$130,516$25,251$32,906$188,673
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$43,027
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$28,309$28,309-$28,309
Annual Dinner$13,709$13,709-$13,709
Total Events$42,018$42,018-$42,018
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 will be reviewed by the organizations executive director

Form 990, Page 6, Part VI, Line 12C

Every year forms are completed by the board members and employees for any known conflicts of interest

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Sacred Heart Foundation
EIN
16-6098362
Phone
3157823344
Address
668 THOMPSON STREET, WATERTOWN, NY 13601

Signing Officer

Name
Frank Reff
Title
Secretary
Phone
3157823344
Signed
2020-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Reff
Formed
1968
Voting Board Members
15
Independent Board Members
15
Employees
1

Preparer

Firm
Stackel & Navarra CPA Pc
Address
216 WASHINGTON ST STE 402, WATERTOWN, NY 13601-3336
Preparer
Jacob Navarra
Phone
3157821220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The sacred heart foundation spreads the word of god by raising funds which provide financial assistance for the education of those studying to be priests and brothers of the missionaries of the sacred heart anywhere in the world

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt013109
IRS990/OtherExpensesGrp/FundraisingAmt18475
IRS990/OtherExpensesGrp/FundraisingAmt2976
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01389
IRS990/OtherExpensesGrp/ProgramServicesAmt088500
IRS990/OtherExpensesGrp/ProgramServicesAmt11390
IRS990/OtherExpensesGrp/TotalAmt088500
IRS990/OtherExpensesGrp/TotalAmt113109
IRS990/OtherExpensesGrp/TotalAmt28475
IRS990/OtherExpensesGrp/TotalAmt33755
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06431
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09152
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09151
IRS990/OtherSalariesAndWagesGrp/TotalAmt024734
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0509
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0724
IRS990/PayrollTaxesGrp/ProgramServicesAmt0723
IRS990/PayrollTaxesGrp/TotalAmt01956
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FRANK REFF
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt049967
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0262575
IRS990/PYOtherExpensesAmt0152561
IRS990/PYOtherRevenueAmt038717
IRS990/PYRevenuesLessExpensesAmt0165266
IRS990/PYSalariesCompEmpBnftPaidAmt033432
IRS990/PYTotalExpensesAmt0185993
IRS990/PYTotalRevenueAmt0351259
IRS990/ReconcilationRevenueExpnssAmt01966
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0256934
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0251542
IRS990ScheduleA/ChurchInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03383
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021080
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024463
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03383
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028309
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013709
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt042018
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028309
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013709
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt042018
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt042018
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SACRED HEART FOUNDATION SPREADS THE WORD OF GOD BY RAISING FUNDS WHICH PROVIDE FINANCIAL ASSISTANCE FOR THE EDUCATION OF THOSE STUDYING TO BE PRIESTS AND BROTHERS OF THE MISSIONARIES OF THE SACRED HEART ANYWHERE IN THE WORLD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE REVIEWED BY THE ORGANIZATIONS EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVERY YEAR FORMS ARE COMPLETED BY THE BOARD MEMBERS AND EMPLOYEES FOR ANY KNOWN CONFLICTS OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03090547
IRS990/TotalAssetsEOYAmt03597077
IRS990/TotalAssetsGrp/BOYAmt03090547
IRS990/TotalAssetsGrp/EOYAmt03597077
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt033316
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt032906
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025251
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0130516
IRS990/TotalFunctionalExpensesGrp/TotalAmt0188673
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0183
IRS990/TotalLiabilitiesEOYAmt0175
IRS990/TotalLiabilitiesGrp/BOYAmt0183
IRS990/TotalLiabilitiesGrp/EOYAmt0175
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03090364
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03596902
IRS990/TotalProgramServiceExpensesAmt0130516
IRS990/TotalRevenueGrp/ExclusionAmt0115089
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042234
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0190639
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03090547
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03597077
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.SACREDHEARTFOUNDATION.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK REFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03157823344
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SACRED HEART FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SACR
ReturnHeader/Filer/EIN0166098362
ReturnHeader/Filer/PhoneNum03157823344
ReturnHeader/Filer/USAddress/AddressLine1Txt0668 THOMPSON STREET
ReturnHeader/Filer/USAddress/CityNm0WATERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013601
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E5C2EDADD2927A6D1E5C6192195386406EA12CBE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E5C2EDADD2927A6D1E5C6192195386406EA12CBE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.19.66.110
ReturnHeader/FilingSecurityInformation/IPDt02020-06-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:33:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161215909
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STACKEL & NAVARRA CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0216 WASHINGTON ST STE 402
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0136013336
ReturnHeader/PreparerPersonGrp/PhoneNum03157821220
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACOB NAVARRA
ReturnHeader/ReturnTs02020-06-19T08:33:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$0.74$0.23$0.51
2023Detailed filing. Detailed filing data is available for this year.$4.24$0.00$4.24$0.21$0.23$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.22$0.22$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.52$0.00$4.52$0.65$0.19$0.46
2020Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.92$0.32$0.18$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$0.19$0.19$0.00
2018Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.35$0.19$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.34$0.00$3.34$0.37$0.17$0.19
2016Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$0.10$0.17$0.07
2015Summary only. Only limited summary data is available for this year.$2.77$0.00$2.77$0.47$0.16$0.32
2014Summary only. Only limited summary data is available for this year.$2.93$0.00$2.93$0.37$0.16$0.22
2013Summary only. Only limited summary data is available for this year.$2.82$0.00$2.82$0.56$0.14$0.42
2012Summary only. Only limited summary data is available for this year.$2.40$0.00$2.40$0.37$0.14$0.23
2011Summary only. Only limited summary data is available for this year.$2.17$0.00$2.17$0.00$0.14$0.13