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← SERVANTS OF THE PIERCED HEARTS OF JESUS AND MARY

Form 990 for tax year 2023

Filed by SERVANTS OF THE PIERCED HEARTS OF JESUS AND MARY.

Totals

Total revenue
$4,318,923
Total expenses
$2,460,583
Contributions and grants received
$3,720,608
Grants paid
$208,070
Program service revenue
$175,860
Investment income
$304,270
Other revenue
$118,185
Total assets, end of year
$25,582,978
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,582,978
Program services expenses (Part IX)
$1,955,207
Management and general expenses
$505,376
Fundraising expenses
$0
Program service expenses (Part III)
$1,955,207

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,720,608

  • 1g · Noncash contributions included above

    $60,000

  • 2a · Program service revenue: PILGRIMAGE INCOME

    total $175,860 · related or exempt $175,860

  • 3 · Investment income

    total $210,682 · excluded $210,682

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $659,760

  • 7b · Less cost or other basis and sales expenses

    securities $566,172

  • 7c · Gain or loss

    securities $93,588

  • 7d · Net gain or loss

    total $93,588 · excluded $93,588

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $111,155 · related or exempt $111,155

  • 11b · Other revenue: AVOCADO CROP

    total $7,030 · unrelated business $7,030

  • 11e · Other revenue, total

    $118,185

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $208,070 · program services $208,070

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $4,986 · program services $3,989 · management and general $997

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,663 · management and general $9,663

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $58,929 · management and general $58,929

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $704 · program services $563 · management and general $141

  • 13 · Office expenses

    total $242,186 · program services $193,749 · management and general $48,437

  • 14 · Information technology

    total $515 · program services $412 · management and general $103

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $173,115 · program services $138,492 · management and general $34,623

  • 17 · Travel

    total $52,560 · program services $42,048 · management and general $10,512

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $141,497 · program services $113,198 · management and general $28,299

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $385,306 · program services $308,245 · management and general $77,061

  • 23 · Insurance

    total $248,227 · program services $198,582 · management and general $49,645

  • 24a · Other expenses: PILGRIMAGE/PEORIA/ORLANDO/REL

    total $585,692 · program services $468,554 · management and general $117,138

  • 24b · Other expenses: AUTOMOBILE EXPENSE

    total $201,465 · program services $161,172 · management and general $40,293

  • 24c · Other expenses: MEDICAL EXPENESE

    total $27,368 · program services $21,894 · management and general $5,474

  • 24d · Other expenses: RELIGIOUS ARTICLES

    total $20,039 · program services $16,031 · management and general $4,008

  • 24e · All other expenses

    total $100,261 · program services $80,208 · management and general $20,053

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,530,675 · end of year $7,947,490

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $12,200,429

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,563,658

  • 10c · Land, buildings and equipment, net

    beginning of year $3,931,931 · end of year $10,636,771

  • 11 · Investments: publicly traded securities

    beginning of year $3,701,089 · end of year $5,222,347

  • 12 · Investments: other securities

    beginning of year $8,549,341 · end of year $1,759,536

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $16,835 · end of year $16,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $23,329,871 · end of year $25,182,978

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $200,000 · end of year $200,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $200,000 · end of year $200,000

Mission and programs · 2023

Mission

THE SERVANTS OF THE PIERCED HEARTS OF JESUS AND MARY, IS A CATHOLIC ORGANIZATION THAT DEDICATES TO THE FORMATION OF THE HEARTS OF THE FAITHFUL IN ORDER TO LIVE THEIR CATHOLIC FAITH AND THUS BUILD A NEW CIVILIZATION OF LOVE AND LIFE. THIS IS ACCOMPLISHED THROUGH MANY DIFFERENT MEANS: RADIO PROGRAMS, TV SERIES, 2 WEB PAGES IN ENGLISH AND SPANISH WWW.PIERCEDHEARTS.ORG AND WWW.CORAZONES.ORG WITH VISITS OVER A 100,000 DAILY. ALSO, THROUGH COURSES OF FORMATION IN CATHOLIC DOCTRINE, IN FAMILY LIFE AND SPIRITUALITY. WE OFFER CONFERENCES - NATIONAL AND INTERNATIONAL - SPIRITUAL RETREATS, WEEKLY PRAYER GROUPS, YOUNG ADULT AND CHILDREN GROUPS, MINISTRY TO UNIVERSITY STUDENTS, DIFFERENT ACTIVITIES TO PROMOTE FAMILY AND MARRIAGE, PILGRIMAGES, CATECHESIS OF CHILDREN, SERVICE TO THE ELDERLY, SICK AND DYING; THE POOR AND ALSO THROUGH PERSONAL ENCOUNTERS FOR GUIDANCE AND COUNSEL.

Activities or mission (Part I)

CONVENT OPERATION WITH RELIGIOUS EDUCATION & RELATED SERVICES.

  • RELIGIOUS RETREATS AND CONFERENCES, INCLUDING WEEKEND FUNCTIONS OF PRAYER, CONFESSION, REFLECTION AND RELIGIOUS AND SPIRITUAL COUNSELING. DUE TO THE COVID-19 PANDEMIC, IN PRESENCE AND VIRTUAL PARTICIPATION WAS AVAILABLE. THE ESTIMATED NUMBER OF PARTICIPANTS IN ALL ACTIVITIES IN 2023 WAS $100,000.

    Expenses $1,955,207 · Grants $208,070 · Revenue $287,016

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mother Adela I Galindo

    DIRECTOR

    Total calculated
    $1,662
    From this org
    $0
    From related orgs
    $0
    Other
    $1,662
    Hours/week
    40

  • Sister Ana M Lanzas

    DIRECTOR

    Total calculated
    $1,662
    From this org
    $0
    From related orgs
    $0
    Other
    $1,662
    Hours/week
    40

  • Sister Carmen M Ors

    DIRECTOR

    Total calculated
    $1,662
    From this org
    $0
    From related orgs
    $0
    Other
    $1,662
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
1 August 2024
IRS schema version
2023v5.1
Source object
202442159349300919

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