Buteux Holdings Corporation
Public records raise at least one point you should look into before giving.
What it says it does
OPERATES EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENES, TO ITS SOLE MEMBER, BROTHERS OF THE SACRED HEART, IN ORDER TO PROVIDE SUPPORT AND INCOME FOR THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURSUITS OF THAT ORGANIZATION.
- Income
- $52,151
- Spending
- $113,397
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $120,461, director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- BUTEUX HOLDINGS CORPORATION IS ORGANIZED ON A MEMBERSHIP BASIS. THE BROTHERS OF THE SACRED HEART, INC., A 501 (C)(3) ORGANIZATION, IS THE SOLE MEMBER. THERE ARE NO CERTIFICATES OF MEMBERSHIP. BUTEUX HOLDINGS CORPORATION IS ORGANIZED PURSUANT TO SECTION 79-11-101, ET SEQ, OF THE MISSISSIPPI CODE OF 1972, AND IS INTENDED TO QUALIFY AS A TAX EXEMPT CORPORATION PURSUANT TO SECTION 501(C)(2) OF THE CODE, AND IT SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY. COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS SOLE MEMBER, BROTHERS OF THE SACRED HEART, A RELIGIOUS AND CHARITABLE LOUISIANA NON-PROFIT CORPORATION EXEMPT FROM TAXATION PURSUANT TO SECTION 501(C)(3) OF THE CODE, IN ORDER TO PROVIDE SUPPORT AND INCOME FOR THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURSUITS OF THAT ORGANIZATION. IN CONNECTION WITH THE FOREGOING, THE CORPORATION MAY GENERALLY PERFORM ANY ACT WHICH IS INCIDENTAL AND NECESSARY TO THE OBJECTS AND PURPOSES SET FORTH-HEREIN. WITHOUT LIMITATION OF THE FOREGOING, THE CORPORATION MAY OWN, LEASE, ACQUIRE, AND DISPOSE OF REAL AND PERSONAL PROPERTY, HOLD AND INVEST FUNDS AND INTANGIBLE PROPERTY, RAISE MONEY BY ANY APPROPRIATE ACTIVITY, AND ACCEPT DONATIONS IF IN THE OPINION OF THE BOARD, SUCH DONATIONS WILL FOSTER THE PURPOSES SET FORTH HEREIN. BY FORMAL RESOLUTION OF THE BOARD OF DIRECTORS OF ST. STANISLAUS COLLEGE, INC., BUTEUX HOLDINGS CORPORATION RECEIVED TITLE TO THE LAND AND BUILDINGS OF ST. STANISLAUS HIGH SCHOOL. THE CORPORATION HAS EXECUTED A LEASE ON A TRIPLE NET BASIS WITH ST. STANISLAUS COLLEGE, INC. BUTEUX HOLDINGS CORPORATION PAYS MONTHLY DIVIDENDS OVER THE SAME PERIOD OF TIME AND IN THE SAME AMOUNT TO ITS SHAREHOLDER, THE BROTHERS OF THE SACRED HEART. TWO THOUSAND DOLLARS REMAINS IN THE CHECKING ACCOUNT TO KEEP THE ACCOUNT OPEN AFTERPAYING DIVIDENDS AND THUS AVOIDING SERVICE CHARGES. THIS PROCEDURE CONTINUES ANNUALLY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(2) title-holding corporation.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(2) title-holding corporation as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1992.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.