Provide support by managing assets, governing fundraising activities & making grants to SHSC.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 15 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $391K a year · 67% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$54K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $8.7M in investments, Pt X · Ln 11–13
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$36K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$985K
+30% vs prior year
Spent
$883K
To programs
81%
Net assets
$9.4M
By yearFY2019–FY2024
Revenue
$985K
FY2024▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2019$1.2M
FY2020$691K
FY2021$661K
FY2022−$787K
FY2023$756K
FY2024$985K
Expenses
$883K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2019$2.4M
FY2020$608K
FY2021$554K
FY2022$525K
FY2023$865K
FY2024$883K
Net assets
$9.4M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2019$8.0M
FY2020$8.8M
FY2021$9.7M
FY2022$8.4M
FY2023$8.8M
FY2024$9.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2015.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $716K Management & general 12% · $109K Fundraising 7% · $58K

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

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Who runs it and what they're paid

9 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (until Apr)
$31,056Pt VII · Sec A
Executive Director (as of Sept)
$22,819Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Carl Adolphson’s $31K as Executive Director (until Apr) is at the 30th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Carl Adolphson$31,056$31,056————
Dennis Demers—$30,158$29,400$29,400$28,000$26,333
Melissa Woinarowicz$22,819—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sacred Heart Foundation executive salaries →

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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 15aYes

Programs and updates

Manages assets, governs fundraising, and grants funds to support SHSC.

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Provided by the organization

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1 program · $716K · in their own filed words · FY2024
01

Support was provided to the Sacred Heart Church School for student scholarships and operational support.

$716Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$9K
Grants paid · 6 grants · $4.9M · 2019–2024
Sacred Heart Church & SchoolMN · FY2024$715,858
Sacred Heart Church & SchoolMN · FY2023$702,661
Sacred Heart Church & SchoolMN · FY2022$391,458
Sacred Heart Church & SchoolMN · FY2021$411,097
Sacred Heart Church & SchoolMN · FY2020$374,571
Sacred Heart Church & SchoolMN · FY2019$2,303,964

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$985K
Ln 12
Gifts and grantsLn 1h$553K
Investment incomeLn 3$432K
Money outPt IX
$883K
Ln 25
Programscol B$716K
Managementcol C$109K
Fundraisingcol D$58K
Owns and owesPt X
$9.4M
net assets · Ln 32
Cash and savingsLn 1–2$665K
Total assetsLn 16$9.5M
LiabilitiesLn 26$36K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$553K
Investment incomeLn 3$432K
Gains on assetsLn 7$206K
Total revenueLn 12$985K
Assets in detailPt X, end of year
SavingsLn 2$665K
Cash and savings togetherLn 1–2$665K
InvestmentsLn 11–13$8.7M
Other assetsLn 15$0
Total assetsLn 16$9.5M
LiabilitiesLn 26$36K
Net assetsLn 32$9.4M
OperationsPt I, VI
EmployeesI 52
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$608K$665K
InvestmentsLn 11–13$8.1M$8.7M
Total assetsLn 16$8.8M$9.5M
LiabilitiesLn 26$961$36K
Net assetsLn 32$8.8M$9.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$716K$716K
Pay of current officers, directors and key staffLn 5$59K$19K$41K
Other employee benefitsLn 9$178$178
Payroll taxesLn 10$2K$506$2K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$26K$24K$1K
Office expensesLn 13$4K$2K$2K
Information technologyLn 14$5K$5K
TravelLn 17$68$68
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$199$199
Total functional expensesLn 25$883K$716K$109K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $985K$883K$102K$9.4M 990 PDF
FY2023 $756K$865K−$109K$8.8M 990 PDF
FY2022 −$787K$525K−$1.3M$8.4M 990 PDF
FY2021 $661K$554K$107K$9.7M 990 PDF
FY2020 $691K$608K$83K$8.8M 990 PDF
FY2019 $1.2M$2.4M−$1.2M$8.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $985,419 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $575,702$553,318
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $180,312$432,101
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $756,014$985,419
I-13 Grants and similar amounts paidPrior year $702,661$715,858
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $84,919$61,597
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $77,854$105,762
I-18 Total expensesPrior year $865,434$883,217
I-19 Revenue less expensesPrior year −$109,420$102,202
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $985,419 across 5 lines filed
VIII-1f All other contributions, gifts and grants$553,318
VIII-1h Total contributions, gifts and grants$553,318
VIII-3 Investment incomeExcluded from tax $226,376$226,376
VIII-7 Net gain or loss on sales of assetsExcluded from tax $205,725$205,725
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $432,101$985,419
Part IX · Statement of functional expenses $883,217 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $715,858$715,858
IX-5 Pay of current officers, directors and key staffManagement $18,601 · Fundraising $40,792$59,393
IX-9 Other employee benefitsManagement $178$178
IX-10 Payroll taxesManagement $506 · Fundraising $1,520$2,026
IX-11c Accounting feesManagement $5,917$5,917
IX-11f Investment management feesManagement $56,081$56,081
IX-11g Other fees for servicesManagement $24,298 · Fundraising $1,438$25,736
IX-13 Office expensesManagement $2,308 · Fundraising $1,675$3,983
IX-14 Information technologyFundraising $4,987$4,987
IX-17 TravelFundraising $68$68
IX-19 Conferences, conventions and meetingsFundraising $7,736$7,736
IX-23 InsuranceManagement $1,055$1,055
IX-24 Other expenses (24a–d)Fundraising $199$199
IX-25 Total functional expensesPrograms $715,858 · Management $108,944 · Fundraising $58,415$883,217
Part X · Balance sheet $9,471,030 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $607,683$665,089
X-3 Pledges and grants receivableStart of year $105,702$100,000
X-4 Accounts receivableStart of year $2,703$2,703
X-11 Publicly traded securitiesStart of year $8,110,429$8,703,238
X-15 Other assetsStart of year $10,413$0
X-16 Total assetsStart of year $8,836,930$9,471,030
X-17 Accounts payable and accrued expensesStart of year $961$36,004
X-26 Total liabilitiesStart of year $961$36,004
X-27 Net assets without donor restrictionsStart of year −$4,971$0
X-28 Net assets with donor restrictionsStart of year $8,840,940$9,435,026
X-32 Total net assets or fund balancesStart of year $8,835,969$9,435,026
X-33 Total liabilities and net assetsStart of year $8,836,930$9,471,030
Part XI · Reconciliation of net assets $9,435,026 net assets at year end
XI-1 Total revenue$985,419
XI-2 Total expenses$883,217
XI-3 Revenue less expenses$102,202
XI-4 Net assets at start of year$8,835,969
XI-5 Net unrealized gains (losses) on investments$502,142
XI-9 Other changes in net assets−$5,287
XI-10 Net assets at end of year$9,435,026

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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