Overview
What is Sacred Heart Foundation?
The Sacred Heart Foundation, situated in East Grand Forks, Minnesota, serves as a platform for charitable contributions towards Sacred Heart Church School. Its primary mission is to establish a financially stable future for the organization, achieving this through the management of assets, overseeing fundraising events, and granting funds to the school. The foundation's activities extend beyond financial support, as it also contributes to student scholarships and operational needs at the church school. With a small team of two dedicated individuals, the Sacred Heart Foundation plays a crucial role in nurturing the educational and financial sustainability of the Sacred Heart Church School.
Official website here: www.shfoundationegf.org
Is Sacred Heart Foundation legitimate?
Sacred Heart Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $29,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,900
For more financial information, click here
Official website here: www.shfoundationegf.org
What is the mission statement of Sacred Heart Foundation?
The Sacred Heart Foundation's mission is centered around providing opportunities for philanthropy, which in turn leads to a financially stable future for the organization. Their primary activities involve managing assets, overseeing fundraising initiatives, and distributing grants. The foundation's ultimate goal is to establish a sustainable financial base that can endure for future generations. One of their key contributions has been providing student scholarships and operational support to the Sacred Heart Church School.
Official website here: www.shfoundationegf.org
Who is the CEO of Sacred Heart Foundation?
Erin O'Leary is the President of Sacred Heart Foundation.
Official website here: www.shfoundationegf.org
What is the revenue of Sacred Heart Foundation?
Sacred Heart Foundation's revenue in 2022 was -$787,347.
Official website here: www.shfoundationegf.org
Who are the executives of Sacred Heart Foundation and what are their salaries?
The average compensation at Sacred Heart Foundation during 2022 was $24,150. There are 2 employees and 15 volunteers at Sacred Heart Foundation.
Here are 7 key members and their salaries:
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- Compensation: $29,400
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- Other: $0
Official website here: www.shfoundationegf.org
Where can I find the form 990 for Sacred Heart Foundation?
Sacred Heart Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shfoundationegf.org
Learn more at the official website: www.shfoundationegf.org
Mission Statement of Sacred Heart Foundation
The Sacred Heart Foundation is committed to establishing a lasting financial support system for Sacred Heart, ensuring its sustainability for future generations. This mission is achieved through managing assets, overseeing fundraising activities, and making grants. With this mission in mind, the foundation has contributed to the Sacred Heart Church School, providing scholarships for students and operational support. The ultimate goal of the Sacred Heart Foundation is to foster opportunities for giving, thereby securing a stable financial future for Sacred Heart.
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Impact
October, 2024
The Sacred Heart Foundation significantly impacts the East Grand Forks community by managing assets and overseeing fundraising activities to ensure financial sustainability for future generations. It provides crucial support to the Sacred Heart Church School, facilitating student scholarships and operational assistance that enhance educational opportunities. This commitment not only fosters academic growth but also strengthens community ties through religious values and educational development, ensuring that the foundation's mission of creating a lasting financial legacy is realized.
This information is meant to be a general summary of Sacred Heart Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,110,353
- Gross Receipts: $638,178
Assets and Liabilities:
- Total Assets: $8,391,157
- Total Liabilities: $331
- Net Assets: $8,390,826
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Organization Details
Founding Year
2014
Phone
(218) 773-0877Principal Officer
Erin O'Leary
Main Address
200 3rd St NW, East Grand Forks, MN, 567211806
Website
www.shfoundationegf.orgNTEE Category
Code: X19 - Religion related
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