BROTHERS OF THE SACRED HEART FOUNDATION INC

EIN: 720841091 501(c)(3)

NEW ORLEANS, LA

Total Revenue
$2,844,327
Total Expenses
$2,711,120
Total Assets
$44,763,400
Net Assets
$44,763,400
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
LA
Principal Officer
BROTHER IVY LEBLANC SC
Phone
5043014758
Tax Period
2022-07-01 to 2023-06-30

BROTHERS OF THE SACRED HEART FOUNDATION INC, founded in 1977, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $2.7M left a modest 5% surplus.

Mission

TO ADVANCE THE LIFE AND WORKS OF THE BROTHERS OF THE SACRED HEART THROUGH (CONTINUED ON SCH. O) SUSTAINED RELATIONSHIPS, SPIRITUAL SUPPORT, AND FUNDING OF VOCATION AND FORMATION EFFORTS IN THE PROVINCE AND IN ITS MISSIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,211,689
Program Service Revenue $0
Investment Income $1,632,638
Other Revenue $0
TOTAL REVENUE $2,844,327

Expense Breakdown

Grants Paid $2,547,809
Salaries & Benefits $112,650
Fundraising Expenses $22,422
Program Expenses $2,649,194
Other Expenses $50,661
TOTAL EXPENSES $2,711,120

Year-over-Year Comparison

2022 2021 Change
Revenue $2,844,327 $3,936,378 -0.3%
Expenses $2,711,120 $366,627 +6.4%
Net Income $133,207 $3,569,751 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$112,650
Total Directors
8
$112,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LANGDON DIRECTOR 0.50
Director
$0 $0 $0
PAUL MILLER DIRECTOR 0.50
Director
$0 $0 $0
JOHN DEVLIN III DIRECTOR 0.50
Director
$0 $0 $0
HUGH HAMILTON DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL KIMBLE DIRECTOR 0.50
Director
$0 $0 $0
TED LONGO DIRECTOR 0.50
Director
$0 $0 $0
BROTHER RONALD HINGLE SC PRESIDENT 0.50
Officer Director
$0 $0 $0
BROTHER IVY LEBLANC SC EXECUTIVE DIRECTOR/SEC/TRE 40.00
Officer Director
$100,000 $12,650 $112,650
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,844,327 $2,711,120 $44,763,400 $133,207
2022 $3,936,378 $366,627 $41,927,198 $3,569,751
2021 $4,133,003 $745,355 $47,226,779 $3,387,648
2020 $1,405,563 $540,717 $36,972,905 $864,846
2019 $2,649,434 $459,743 $36,229,276 $2,189,691
2018 $2,089,862 $455,530 $34,389,738 $1,634,332
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