Civic Intelligence

Sacred Heart Education Endowment Fund Inc.

990 • Fiscal year 2017 • EIN 36-3528909

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 15, 2018

111 4th St NWWaseca, MN 56093

(507) 835-5340

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.68x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

128%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,155,491

Up $203,060 (+10%) from 2016

Net Assets

Up

$2,048,145

Up $81,402 (+4.1%) from 2016

Liabilities

Up

$107,346

Up $121,658 (+850%) from 2016

Revenue

Up

$158,751

Up $89,103 (+128%) from 2016

Expenses

Down

$77,350

Down $6,539 (-7.8%) from 2016

Net Income

Up

$81,401

Up $95,642 (+672%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,760,969Liabilities 2010: -$126,137Net Assets 2010: $1,887,1062010Assets 2011: $1,728,647Liabilities 2011: -$154,916Net Assets 2011: $1,883,5632011Assets 2012: $1,845,110Liabilities 2012: -$44,242Net Assets 2012: $1,889,3522012Assets 2013: $1,988,043Liabilities 2013: $83,487Net Assets 2013: $1,904,5562013Assets 2014: $2,015,974Liabilities 2014: $68,828Net Assets 2014: $1,947,1462014Assets 2015: $1,924,578Liabilities 2015: -$56,406Net Assets 2015: $1,980,9842015Assets 2016: $1,952,431Liabilities 2016: -$14,312Net Assets 2016: $1,966,7432016Assets 2017: $2,155,491Liabilities 2017: $107,346Net Assets 2017: $2,048,1452017Assets 2018: $2,007,921Liabilities 2018: -$141,054Net Assets 2018: $2,148,9752018Assets 2019: $2,319,181Liabilities 2019: $121,032Net Assets 2019: $2,198,1492019Assets 2020: $2,448,245Liabilities 2020: $203,724Net Assets 2020: $2,244,5212020Assets 2021: $2,835,999Liabilities 2021: $373,823Net Assets 2021: $2,462,1762021Assets 2022: $2,523,125Liabilities 2022: -$100,711Net Assets 2022: $2,623,8362022Assets 2023: $2,874,814Liabilities 2023: $125,337Net Assets 2023: $2,749,4772023Assets 2024: $3,094,050Liabilities 2024: $263,130Net Assets 2024: $2,830,9202024

Highlighted filing

2017

Assets$2,155,491
Liabilities$107,346
Net Assets$2,048,145

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $72,2022010Expenses 2011: $77,8552011Expenses 2012: $77,3102012Revenue 2013: $92,266Expenses 2013: $77,062Net Income 2013: $15,2042013Revenue 2014: $129,175Expenses 2014: $86,585Net Income 2014: $42,5902014Revenue 2015: $127,315Expenses 2015: $93,477Net Income 2015: $33,8382015Revenue 2016: $69,648Expenses 2016: $83,889Net Income 2016: -$14,2412016Revenue 2017: $158,751Expenses 2017: $77,350Net Income 2017: $81,4012017Revenue 2018: $187,770Expenses 2018: $86,940Net Income 2018: $100,8302018Revenue 2019: $131,162Expenses 2019: $81,986Net Income 2019: $49,1762019Revenue 2020: $145,415Expenses 2020: $99,043Net Income 2020: $46,3722020Revenue 2021: $329,503Expenses 2021: $111,848Net Income 2021: $217,6552021Revenue 2022: $343,183Expenses 2022: $181,523Net Income 2022: $161,6602022Revenue 2023: $161,078Expenses 2023: $35,437Net Income 2023: $125,6412023Revenue 2024: $219,754Expenses 2024: $138,311Net Income 2024: $81,4432024

Highlighted filing

2017

Revenue$158,751
Expenses$77,350
Net Income$81,401
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 15, 2018
Return Version
2017v2.2
Gross Receipts
$158,751
Mission and Program Overview

Mission

To support the sacred heart church waseca, mn educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,922,048$2,143,788▲ $221,740
Rtn Earn Endowment Incm Other Fnds$1,966,743$2,048,145▲ $81,402
Savings and Temporary Cash Investments$30,002$11,612▼ $18,390
Land, Buildings, and Equipment, Net$381$91▼ $290
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,952,431$2,155,491▲ $203,060
Other Assets Total-$0-
Liabilities
Other Liabilities$-14,312$107,346▲ $121,658
Total Liabilities$-14,312$107,346▲ $121,658
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,966,743$2,048,145▲ $81,402
Total Liabilities and Net Assets / Fund Balance$1,952,431$2,155,491▲ $203,060

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91$1,358$1,449

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,952,431$38,159▲ $242,251-$2,155,491
2016$1,924,578$24,473▲ $87,269-$1,952,431
2015$2,015,974$48,320▼ $46,238-$1,924,578
2014$1,988,043$34,798▲ $79,718-$2,015,974
2013$1,845,110$33,259▲ $186,736-$1,988,043
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary WilliamsPresident
Molly UlschmidDirector
Robert SchmidtDirector
Thomas SankovitzDirector
Father Gregory LeifExecutive Direc
Cathy DeySecretary
Michael D KubatTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,159
Program Service Revenue
$0
Investment Income
$120,592
Other Revenue
$0
All Other Contributions
$38,159
Change in Net Assets
$81,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,300
Other Expenses$2,050
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,300--$75,300
Office Expenses$476--$476
Depreciation Depletion$290--$290
Fees for Services Accounting$240--$240
Other Expenses$25--$25
Total Functional Expenses$77,350$0$0$77,350
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Church of Sacred HeartWaseca, MN-Support of Primary Mission$75,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized Gain/loss on Investments$107,346
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by board prior to filing.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

AVAILABLE UPON REQUEST.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Sacred Heart Education Endowment
EIN
36-3528909
Phone
5078355340
Address
111 4TH ST NW, WASECA, MN 56093

Signing Officer

Name
Mary Williams
Title
President
Signed
2018-10-15
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Michael D Kubat CPA LLC
Address
204 N State St PO Box 481, Waseca, MN 56093
Preparer
Michael D Kubat
Phone
5078331435
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

ROUNDING = $1

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To support of the education programs of sacred heart church, waseca mn.

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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/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01966743
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02048145
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030002
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011612
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0410695525
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt075300
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SACRED HEART CHURCH
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt075300
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02050
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01952431
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt038159
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02155491
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt075300
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0242251
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt02879
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01924578
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt024473
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01952431
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt081010
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt087269
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03388
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02015974
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt048320
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01924578
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt090090
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-46238
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt02585
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01988043
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt034798
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02015974
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt084000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt079718
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02062
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01845110
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt033259
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01988043
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt075000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0186736
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt091
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01358
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107346
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNREALIZED GAIN/LOSS ON INVESTMENTS
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT OF THE EDUCATION PROGRAMS OF SACRED HEART CHURCH, WASECA MN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt091
IRS990ScheduleD/TotalLiabilityAmt0107346
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt075300
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF PRIMARY MISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHURCH OF SACRED HEART
IRS990ScheduleI/RecipientTable/RecipientEIN0410695525
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0111 4TH ST NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WASECA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056093
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01952431
IRS990/TotalAssetsEOYAmt02155491
IRS990/TotalAssetsGrp/BOYAmt01952431
IRS990/TotalAssetsGrp/EOYAmt02155491
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt038159
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt077350
IRS990/TotalFunctionalExpensesGrp/TotalAmt077350
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-14312
IRS990/TotalLiabilitiesEOYAmt0107346
IRS990/TotalLiabilitiesGrp/BOYAmt0-14312
IRS990/TotalLiabilitiesGrp/EOYAmt0107346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01966743
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02048145
IRS990/TotalProgramServiceExpensesAmt077350
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0120592

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.26$2.83$0.22$0.14$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.87$0.13$2.75$0.16$0.04$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.52$0.10$2.62$0.34$0.18$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.84$0.37$2.46$0.33$0.11$0.22
2020Detailed filing. Detailed filing data is available for this year.$2.45$0.20$2.24$0.15$0.10$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.32$0.12$2.20$0.13$0.08$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.14$2.15$0.19$0.09$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.16$0.11$2.05$0.16$0.08$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.95$0.01$1.97$0.07$0.08$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.06$1.98$0.13$0.09$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.02$0.07$1.95$0.13$0.09$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.99$0.08$1.90$0.09$0.08$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.04$1.89$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.15$1.88$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.13$1.89$0.07