philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Sacred Heart Foundation

Tax-deductible

Watertown, NY501(c)(3)Since 1968EIN 16-6098362Revenue $656K in FY2025

On file with the IRSsacredheartfoundation.com320 W Lynde St, 13601-1918 · Watertown, NYTax-exempt since May 1968Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

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

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $245K a year · 53% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$656K
-12% vs prior year
Spent
$279K
To programs
53%
Net assets
$5.4M
By yearFY2020–FY2025
Revenue
$656K
FY2025▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$319K
FY2021$648K
FY2022$222K
FY2023$210K
FY2024$744K
FY2025$656K
Expenses
$279K
FY2025▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$179K
FY2021$193K
FY2022$215K
FY2023$232K
FY2024$230K
FY2025$279K
Net assets
$5.4M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$4.5M
FY2022$3.8M
FY2023$4.2M
FY2024$5.0M
FY2025$5.4M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $149K Management & general 30% · $83K Fundraising 17% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Todd Murrock
President
$0Pt VII · Sec A
John Alteri
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Rose Busler
Board Member
$0Pt VII · Sec A
Thomas Bruno
Board Member
$0Pt VII · Sec A
Jessica Caprara
Board Member
$0Pt VII · Sec A
Frank Reff
Board Member
$0Pt VII · Sec A
Nancy McCabe
Board Member
$0Pt VII · Sec A
See Sacred Heart Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds Catholic education for aspiring priests and brothers globally.

Questions for Sacred Heart Foundation

Tap to ask. Sacred Heart Foundation sees how many people are interested.

Your first name shows with your question. Sacred Heart Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $149K · in their own filed words · FY2025
01

Granting scholarships to the missionaries of sacred heart for priests, brothers, and seminarians.

$149Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Northern New York Community Foundation INCFY2022$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$656K
Ln 12
Investment incomeLn 3$523K
Other incomeLn 4–11$83K
Gifts and grantsLn 1h$50K
Money outPt IX
$279K
Ln 25
Programscol B$149K
Managementcol C$83K
Fundraisingcol D$47K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$204K
Total assetsLn 16$5.4M
LiabilitiesLn 26$1K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Investment incomeLn 3$523K
Other incomeLn 4–11$83K
Gains on assetsLn 7$378K
Total revenueLn 12$656K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$195K
Cash and savings togetherLn 1–2$204K
InvestmentsLn 11–13$5.2M
Total assetsLn 16$5.4M
LiabilitiesLn 26$1K
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$634K$204K
InvestmentsLn 11–13$4.3M$5.2M
Total assetsLn 16$5.0M$5.4M
LiabilitiesLn 26$370$1K
Net assetsLn 32$5.0M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$18K$18K$13K
Payroll taxesLn 10$4K$2K$2K$1K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$53K$53K
Advertising and promotionLn 12$2K$736$736$517
Office expensesLn 13$6K$1K$1K$4K
OccupancyLn 16$9K$9K
Conferences, conventions and meetingsLn 19$592$592
Depreciation, depletion and amortizationLn 22$30$11$11$8
InsuranceLn 23$360$360
Other expenses (24a–d)Ln 24$146K$115K$2K$28K
All other expensesLn 24e$4K$2K$799$561
Total functional expensesLn 25$279K$149K$83K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $656K$279K$378K$5.4M 990 PDF
FY2024 $744K$230K$514K$5.0M 990 PDF
FY2023 $210K$232K−$22K$4.2M 990 PDF
FY2022 $222K$215K$6K$3.8M 990 PDF
FY2021 $648K$193K$455K$4.5M 990 PDF
FY2020 $319K$179K$140K$3.9M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $656,455 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $280,620$50,349
I-9 Program service revenue$0
I-10 Investment incomePrior year $415,389$523,252
I-11 Other revenuePrior year $48,234$82,854
I-12 Total revenuePrior year $744,243$656,455
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $32,015$52,931
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,317$225,825
I-18 Total expensesPrior year $230,332$278,756
I-19 Revenue less expensesPrior year $513,911$377,699
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $656,455 across 8 lines filed
VIII-1b Membership dues$8,174
VIII-1f All other contributions, gifts and grants$42,175
VIII-1h Total contributions, gifts and grants$50,349
VIII-3 Investment incomeExcluded from tax $145,599$145,599
VIII-7 Net gain or loss on sales of assetsRelated to mission $377,653$377,653
VIII-8 Net income from fundraising eventsExcluded from tax $78,678$78,678
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,176$4,176
VIII-12 Total revenueRelated to mission $381,829 · Excluded from tax $224,277$656,455
Part IX · Statement of functional expenses $278,756 across 12 lines filed
IX-7 Other salaries and wagesPrograms $18,021 · Management $18,021 · Fundraising $12,663$48,705
IX-10 Payroll taxesPrograms $1,563 · Management $1,564 · Fundraising $1,099$4,226
IX-11c Accounting feesManagement $4,838$4,838
IX-11f Investment management feesManagement $53,287$53,287
IX-12 Advertising and promotionPrograms $736 · Management $736 · Fundraising $517$1,989
IX-13 Office expensesPrograms $1,150 · Management $1,149 · Fundraising $3,986$6,285
IX-16 OccupancyPrograms $9,000$9,000
IX-19 Conferences, conventions and meetingsPrograms $592$592
IX-22 Depreciation, depletion and amortizationPrograms $11 · Management $11 · Fundraising $8$30
IX-23 InsurancePrograms $360$360
IX-24 Other expenses (24a–d)Programs $115,097 · Management $2,297 · Fundraising $28,351$145,745
IX-24e All other expensesPrograms $2,339 · Management $799 · Fundraising $561$3,699
IX-25 Total functional expensesPrograms $148,869 · Management $82,702 · Fundraising $47,185$278,756
Part X · Balance sheet $5,395,259 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $18,522$9,235
X-2 Savings and temporary cash investmentsStart of year $615,006$194,940
X-11 Publicly traded securitiesStart of year $4,329,173$5,191,084
X-16 Total assetsStart of year $4,962,731$5,395,259
X-17 Accounts payable and accrued expensesStart of year $370$1,308
X-26 Total liabilitiesStart of year $370$1,308
X-27 Net assets without donor restrictionsStart of year $4,962,361$5,393,951
X-32 Total net assets or fund balancesStart of year $4,962,361$5,393,951
X-33 Total liabilities and net assetsStart of year $4,962,731$5,395,259
Part XI · Reconciliation of net assets $5,393,951 net assets at year end
XI-1 Total revenue$656,455
XI-2 Total expenses$278,756
XI-3 Revenue less expenses$377,699
XI-4 Net assets at start of year$4,962,361
XI-5 Net unrealized gains (losses) on investments$53,891
XI-10 Net assets at end of year$5,393,951

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.