Overview
What is Brothers Of The Sacred Heart Foundation Inc?
Brothers of the Sacred Heart Foundation Inc, located in New Orleans, Louisiana, serves as a nonprofit organization with the primary objective of supporting the Brothers of the Sacred Heart. Their mission involves fostering enduring relationships, providing spiritual guidance, and financing vocational and educational endeavors for the Brothers within their U.S. province and international missions. The foundation aims to advance and uphold the Brothers' lives and works through these initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Brothers Of The Sacred Heart Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The foundation scored exceptionally well across various metrics, particularly in maintaining an independent board and ensuring comprehensive oversight of financial statements. The high accountability score highlights the charity's commitment to transparency and responsible management of resources.
The organization boasts an impressive program expense ratio of 95.40%, signifying that a significant portion of its funds is directed towards its mission-related activities. Additionally, its fundraising efficiency is noteworthy, with only $0.02 spent to raise a dollar, reflecting an effective fundraising strategy. The foundation also has a strong working capital ratio of 35.13 years, suggesting robust financial health and sustainability.
Despite its strengths, the summary does not indicate specific programmatic impacts or outreach effectiveness, which are essential to understanding the full scope of their work. Overall, the foundation's focus on financial integrity and governance is evident, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Brothers Of The Sacred Heart Foundation Inc legitimate?
Brothers Of The Sacred Heart Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brothers Of The Sacred Heart Foundation Inc 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: $112,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Brothers Of The Sacred Heart Foundation Inc?
The Brothers of the Sacred Heart Foundation Inc's mission is centered around supporting and advancing the life and works of the Brothers of the Sacred Heart. This is accomplished through the establishment of sustained relationships, providing spiritual support, and financing vocation and formation initiatives within the province and its missions. Furthermore, the foundation issues grants to the Brothers of the Sacred Heart to further enhance the life and mission of the U.S. province.
Who is the CEO of Brothers Of The Sacred Heart Foundation Inc?
Brother Ivy Leblanc Sc is the Director of Brothers Of The Sacred Heart Foundation Inc.
What is the revenue of Brothers Of The Sacred Heart Foundation Inc?
Brothers Of The Sacred Heart Foundation Inc's revenue in 2022 was $3,936,378.
Who are the executives of Brothers Of The Sacred Heart Foundation Inc and what are their salaries?
There 8 volunteers at Brothers Of The Sacred Heart Foundation Inc.
Here are 8 key members and their salaries:
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- Compensation: $100,000
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- Other: $12,650
Where can I find the form 990 for Brothers Of The Sacred Heart Foundation Inc?
Brothers Of The Sacred Heart Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brothers Of The Sacred Heart Foundation Inc
Brothers of the Sacred Heart Foundation Inc is committed to advancing the life and works of the Brothers of the Sacred Heart. They achieve this mission through sustained relationships, spiritual support, and funding of vocation and formation efforts within the province and its missions. The foundation's primary objective is to provide financial assistance to the Brothers of the Sacred Heart, thereby supporting and furthering their mission. This support encompasses various aspects, including vocational and formational endeavors, thereby strengthening the Brotherhood's presence and influence.
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Impact
July, 2024
Brothers Of The Sacred Heart Foundation Inc's impact lies in advancing the life and works of the Brothers of the Sacred Heart through sustained relationships, spiritual support, and funding of vocation and formation efforts within the U.S. Province and its missions. Through issuing grants to the Brothers of the Sacred Heart, the foundation furthers the life and mission of the organization, contributing to the growth and development of individuals dedicated to their religious calling. The foundation's focus on sustaining relationships, providing spiritual support, and offering financial assistance plays a vital role in ensuring that the Brothers of the Sacred Heart can continue their important work in the community.
This information is meant to be a general summary of Brothers Of The Sacred Heart Foundation Inc. 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: $2,700,564
- Gross Receipts: $11,053,109
Assets and Liabilities:
- Total Assets: $41,927,198
- Total Liabilities: $0
- Net Assets: $41,927,198
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Organization Details
Founding Year
1977
Phone
(504) 301-4758Principal Officer
Brother Ivy Leblanc Sc
Main Address
4600 ELYSIAN FIELDS AVENUE, NEW ORLEANS, LA, 70122
NTEE Category
Code: X22 - Religion related
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