Immaculate Heart Community FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1889EIN 95-2706764Revenue $6.5M in FY2023

On file with the IRSimmaculateheartcommunity.org840 Echo Park Ave, 90026-4209 · Los Angeles, CATax-exempt since Sep 1972Publicly supported — 509(a)(2)

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Seeks to strategically change practices and situations through art, education, spirituality, and social services.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$772K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average surplus $7.9M a year · 45% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$772K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $60K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$26.2M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
-86% vs prior year
Spent
$31.5M
To programs
94%
Net assets
$52.2M
By yearFY2020–FY2024
Revenue
$6.5M
FY2023▼ -86%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.9M
FY2022$47.5M
FY2023$6.5M
FY2024$27.7M
Expenses
$31.5M
FY2023▲ +798%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.0M
FY2021$4.3M
FY2022$3.5M
FY2023$31.5M
FY2024$4.0M
Net assets
$52.2M
FY2023▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$31.6M
FY2021$33.4M
FY2022$73.6M
FY2023$52.2M
FY2024$78.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1972.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $29.5M Management & general 5% · $1.7M Fundraising 1% · $295K

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

18 people listed on the 990; $772K paid to officers and key staff.

Part VII, Section A · reportable compensation
$161,827Pt VII · Sec A
Executive Director of La Casa De Maria
$160,512Pt VII · Sec A
Advancement
$125,549Pt VII · Sec A
Vice President
$117,548Pt VII · Sec A
$107,673Pt VII · Sec A
$99,202Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kathleen Buczko———$270,760$160,413
Sherry Purcell$172,148$161,827———
Jean Holsten—$160,512$134,017——
Elizabeth Lomeli$132,659$107,673———
Charmian Hauck———$125,747$131,916
Christine Monroe$130,548$117,548———
Pamela Hope$130,548$125,549———
Susan Leary$102,416$99,202$37,216——

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.

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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

Transforms communities through art, education, spirituality, and social services.

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Provided by the organization

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3 programs · $28.4M · in their own filed words · FY2023
01

The center for spiritual renewal and la casa de maria's mission is to be a sanctuary of peace to renew purpose, strengthen community, and increase their effectiveness in the world. This is done through group programming, individual retreats and spiritual direction.

$23.1Mprogram expense
02

The corita art center exhibits and curates exhibitions of luminary contemporary artist, corita kent's original work. It collaborates locally and globally with leading academic and elite art institutes to lend, research and showcase kent's work, sell original editions, as well as print and license kent's artwork for production of…

$5.3Mprogram expense
03

The founding members is a program of the immaculate heart community that fulfills its mission by providing the formerly canonical community members with a place to build community, foster spiritual growth, and provide resident opportunities for education, recreation, service to others and special help for those in need.

$5Kprogram 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 4 funders$60K
See all 4 funders →
Grants paid · 16 grants · $27.2M · 2020–2024
Corita Art Center INCCA · FY2024$191,006
I Demand AccessVA · FY2024$15,948
Interfaith Refugee & Immigration ServiceFY2024$15,000
Housing WorksCA · FY2024$6,000
Emanate Health FoundationCA · FY2024$6,000
Individual RecipientFY2023$22,103,229
Corita Art Center INCCA · FY2023$4,696,966
Alexandria HouseCA · FY2022$6,126
Findings Art Center INCCA · FY2022$6,000
Alexandria HouseCA · FY2021$24,858
Findings Art Center INCCA · FY2021$6,000
Findings Art Center INCCA · FY2020$8,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Investment incomeLn 3$5.3M
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$145K
Money outPt IX
$31.5M
Ln 25
Programscol B$29.5M
Managementcol C$1.7M
Fundraisingcol D$295K
Owns and owesPt X
$52.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$78.4M
LiabilitiesLn 26$26.2M
PeoplePt VI, VII
18
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$115K
Noncash giftsLn 1g$60K
Fees for servicesLn 2g$6K
Investment incomeLn 3$5.3M
Other incomeLn 4–11$145K
Gains on assetsLn 7$3.2M
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$462K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$60.3M
Land, buildings, equipmentLn 10c$6.6M
Total assetsLn 16$78.4M
LiabilitiesLn 26$26.2M
Net assetsLn 32$52.2M
OperationsPt I, VI
EmployeesI 528
VolunteersI 620
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 FY23End FY23
Cash and savingsLn 1–2$34.0M$1.5M
InvestmentsLn 11–13$22.2M$60.3M
Land, buildings, equipmentLn 10c$7.1M$6.6M
Total assetsLn 16$73.8M$78.4M
LiabilitiesLn 26$226K$26.2M
Net assetsLn 32$73.6M$52.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$27.3M$27.3M
Other salaries and wagesLn 7$1.6M$710K$637K$222K
Other employee benefitsLn 9$239K$139K$66K$33K
Management feesLn 11a$279K$151K$127K$360
Legal feesLn 11b$291K$273K$18K
Accounting feesLn 11c$221K$73$221K
Investment management feesLn 11f$104K$38K$66K
Advertising and promotionLn 12$1K$750$300
Office expensesLn 13$98K$41K$45K$11K
Information technologyLn 14$168K$38K$112K$18K
OccupancyLn 16$464K$268K$195K$1K
Conferences, conventions and meetingsLn 19$30K$16K$11K$3K
Depreciation, depletion and amortizationLn 22$208K$181K$27K
InsuranceLn 23$148K$24K$122K$2K
Other expenses (24a–d)Ln 24$409K$333K$73K$3K
All other expensesLn 24e$9K$5K$3K$1K
Total functional expensesLn 25$31.5M$29.5M$1.7M$295K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $27.7M$4.0M$23.7M$78.9M 990 PDF
FY2023 Viewing $6.5M$31.5M−$25.0M$52.2M 990 PDF
FY2022 $47.5M$3.5M$44.0M$73.6M 990 PDF
FY2021 $2.9M$4.3M−$1.4M$33.4M 990 PDF
FY2020 $3.1M$5.0M−$1.9M$31.6M 990 PDF

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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 FY2023 990 (6 parts)
Part I · Summary $6,524,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,295,896$1,048,123
I-9 Program service revenuePrior year $36,860$5,782
I-10 Investment incomePrior year $44,673,764$5,325,571
I-11 Other revenuePrior year $490,346$145,196
I-12 Total revenuePrior year $47,496,866$6,524,672
I-13 Grants and similar amounts paidPrior year $12,126$27,312,195
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,475,628$1,807,474
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,024,574$2,429,933
I-18 Total expensesPrior year $3,512,328$31,549,602
I-19 Revenue less expensesPrior year $43,984,538−$25,024,930
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,524,672 across 11 lines filed
VIII-1e Government grants$114,694
VIII-1f All other contributions, gifts and grants$933,429
VIII-1g Noncash contributions (included above)$59,800
VIII-1h Total contributions, gifts and grants$1,048,123
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,782$5,782
VIII-3 Investment incomeExcluded from tax $2,097,743$2,097,743
VIII-5 RoyaltiesExcluded from tax $59,459$59,459
VIII-6 Net rental income or lossExcluded from tax $45,350$45,350
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,227,828$3,227,828
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $33,811 · Excluded from tax $6,576$40,387
VIII-12 Total revenueRelated to mission $39,593 · Unrelated business $0 · Excluded from tax $5,436,956$6,524,672
Part IX · Statement of functional expenses $31,549,602 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $27,312,195$27,312,195
IX-7 Other salaries and wagesPrograms $709,610 · Management $637,447 · Fundraising $221,756$1,568,813
IX-9 Other employee benefitsPrograms $139,479 · Management $65,883 · Fundraising $33,299$238,661
IX-11a Management feesPrograms $151,402 · Management $126,776 · Fundraising $360$278,538
IX-11b Legal feesPrograms $272,940 · Management $17,798$290,738
IX-11c Accounting feesPrograms $73 · Management $221,138$221,211
IX-11f Investment management feesPrograms $38,123 · Management $66,178$104,301
IX-12 Advertising and promotionPrograms $750 · Management $300$1,050
IX-13 Office expensesPrograms $41,279 · Management $45,199 · Fundraising $11,137$97,615
IX-14 Information technologyPrograms $37,644 · Management $111,576 · Fundraising $18,341$167,561
IX-16 OccupancyPrograms $267,950 · Management $194,811 · Fundraising $1,039$463,800
IX-19 Conferences, conventions and meetingsPrograms $16,240 · Management $10,988 · Fundraising $2,926$30,154
IX-22 Depreciation, depletion and amortizationPrograms $181,457 · Management $26,810$208,267
IX-23 InsurancePrograms $23,845 · Management $122,354 · Fundraising $2,261$148,460
IX-24 Other expenses (24a–d)Programs $333,032 · Management $73,124 · Fundraising $2,592$408,748
IX-24e All other expensesPrograms $5,412 · Management $2,629 · Fundraising $1,449$9,490
IX-25 Total functional expensesPrograms $29,531,431 · Management $1,723,011 · Fundraising $295,160$31,549,602
Part X · Balance sheet $78,443,264 assets, 14 lines filed
Asset lines not itemized here account for $9,750,443; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $26,921,096$461,679
X-2 Savings and temporary cash investmentsStart of year $7,126,056$1,081,457
X-4 Accounts receivableStart of year $203,050$39,826
X-9 Prepaid expenses and deferred chargesStart of year $273,207$210,034
X-10c Land, buildings and equipment, netStart of year $7,071,463$6,624,343
X-12 Other securitiesStart of year $22,249,218$60,275,482
X-16 Total assetsStart of year $73,844,090$78,443,264
X-17 Accounts payable and accrued expensesStart of year $191,331$402,828
X-18 Grants payable$25,800,070
X-26 Total liabilitiesStart of year $226,331$26,202,898
X-27 Net assets without donor restrictionsStart of year $73,496,617$52,160,255
X-28 Net assets with donor restrictionsStart of year $121,142$80,111
X-32 Total net assets or fund balancesStart of year $73,617,759$52,240,366
X-33 Total liabilities and net assetsStart of year $73,844,090$78,443,264
Part XI · Reconciliation of net assets $52,240,366 net assets at year end
XI-1 Total revenue$6,524,672
XI-2 Total expenses$31,549,602
XI-3 Revenue less expenses−$25,024,930
XI-4 Net assets at start of year$73,617,759
XI-5 Net unrealized gains (losses) on investments$3,707,337
XI-6 Donated services and use of facilities−$59,800
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$52,240,366

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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