Statement of Cash Receipts and Disbursements for Sacred Heart Parish, Lincoln, Nebraska

Formal financial report and farewell letter sent by the Capuchin friars to the parishioners of Sacred Heart Parish in Lincoln, Nebraska, tracking the parish’s financial history from January 1926 to October 1937. Father Ephrem O'Sullivan OFM Cap. writes a note explaining that after the Capuchins decided to relinquish administration of the parish, a mutual agreement was reached with Bishop Louis B. Kucera to transition the parish records and management over to a diocesan priest, Rev. Thomas Kealy.

Details

Level of description: Item
Date: 1937
Reference: 10
Extent and medium: 4 pp; printed
Scope and content: Formal financial report and farewell letter sent by the Capuchin friars to the parishioners of Sacred Heart Parish in Lincoln, Nebraska, tracking the parish’s financial history from January 1926 to October 1937. Father Ephrem O'Sullivan OFM Cap. writes a note explaining that after the Capuchins decided to relinquish administration of the parish, a mutual agreement was reached with Bishop Louis B. Kucera to transition the parish records and management over to a diocesan priest, Rev. Thomas Kealy. The centre panels outline the severe financial crisis (‘acute state of affairs’) and details yearly cash receipts and disbursements alongside an accumulated indebtedness statement as of 1 October 1937. The records reveal a compounding financial strain, highlighted by $47,000.00 in secured bank notes and bonds, an additional list of outstanding vendor debts, and unpaid interest dating back to June 1936.
Repository: Irish Capuchin Archives
Context: Irish Capuchin Archives > Papers of the Irish Capuchin Mission in the United States > Irish Capuchin Foundations in the United States > Lincoln, Nebraska

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With the announcement that the Capuchin Fathers had decided to relinquish the Sacred Heart Parish, it was mutually agreed between His Excellency Most Rev. L. B. Kucera, Bishop of L…
St. Thomas' Orphanage
With the announcement that the Capuchin Fathers had decided to relinquish the Sacred Heart Parish, it was mutually agreed between His Excellency Most Rev. L. B. Kucera, Bishop of L…

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Page 1

SACRED HEART PARISH - Lincoln, Nebraska Statement of Cash Receipts and Disbursements -- Jan. 1, 1926 to Oct. 1, 1937 Dear Parishioners: With the announcement that the Capuchin Fathers had decided to relinquish the Sacred Heart Parish, it was mutually agreed between His Excellency Most Rev. L. B. Kucera, Bishop of Lincoln, and the Fathers to present to you a financial statement of the Parish from the year 1926 to Oct. 1st. 1937, when the Parish Records were transferred to Rev. Thomas Kealy, who has been appointed by the Most Rev. Bishop Kucera to succeed the Capuchin Fathers. Thanking you all for your kindness to the Fathers during their administration of Sacred Heart Parish and wishing you every success and blessing with your new pastor. I remain, Yours Sincerely in Christ and St. Francis Father Ephrem O'Sullivan O. M. Cap. ACME PRINTING CO. RECEIPTS 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 to Oct. 1. Sunday Collections 2,720.51 2,642.35 2,612.17 3,549.09 2,873.87 2,641.83 2,253.14 2,135.92 2,628.05 2,765.93 3,614.26 2,401.40 Diocesan Collections 112.00 167.50 110.66 82.55 89.25 121.25 137.30 195.25 195.03 83.66 108.16 51.48 Debt Collections 1,019.35 1,073.00 759.55 874.20 722.20 535.45 426.20 311.45 193.20 Building Fund Donations 4,643.00 1,027.00 820.00 1,202.00 1,096.00 945.25 635.50 351.00 657.25 The Register 39.11 44.10 57.25 Sisters Salary Collections & School Tuition 209.15 737.50 74.28 699.20 647.56 468.40 506.05 286.40 Legacy & Misc. Donations 261.85 802.02 551.10 227.50 411.25 202.00 Capuchin Fathers 1,511.20 108.00 200.00 350.00 280.00 1,061.40 420.48 1,573.00 118.00 Parish Societies & Bazaars 500.00 1,528.15 2,669.70 1,405.16 1,954.89 1,801.15 1,845.04 1,624.92 1,013.83 1,318.00 1,017.33 728.64 Rent on "Y" St. Property 528.50 586.00 Miscellaneous Income 73.54 Borrowed Money 8,500.00 42,500.00 Sale of "Y" St. Property 2,358.60 1,587.50 Refund on Insurance Premium and Fire Insurance Collection 200.91 4,000.00 TOTAL RECEIPTS 13,380.36 57,345.19 8,499.16 9,256.00 7,940.69 7,174.88 7,315.89 9,791.92 7,011.26 5,495.85 5,195.10 3,440.77 DISBURSEMENTS Pastors Salary 1,200.00 1,200.00 500.00 900.00 300.00 860.00 335.57 270.00 736.85 138.56 700.00 1,125.00 Sisters Salary 560.00 1,540.00 1,400.00 1,815.20 1,523.78 1,198.05 1,422.38 1,099.24 930.00 1,093.69 Church and Sanctuary Supplies 416.63 496.41 982.30 710.29 489.10 660.87 370.29 135.30 464.48 484.05 301.40 228.53 School Expense 584.65 295.60 407.25 139.72 71.86 Repair on Property 346.94 489.69 1,330.57 789.85 536.49 86.65 217.10 215.67 368.30 223.36 117.65 32.65 Janitor 150.00 20.00 15.00 185.00 90.00 155.00 201.60 220.00 240.00 120.00 Pall, Light Telephone & Water 410.78 466.43 534.09 1,076.06 924.74 678.35 961.60 704.68 1,221.72 983.46 1,124.61 733.74 Diocesan Dues 203.50 259.00 302.16 335.50 280.75 292.40 293.00 195.25 279.03 824.91 341.46 295.71 The Register 39.11 44.10 57.75 Insurance 118.18 628.00 121.10 27.50 18.38 129.50 61.26 90.70 146.89 63.40 Interest on Debt.…

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