St Marys Home For The Aged Inc
- Assets
- $29.3m
- Revenue
- $10.9m
- Investments
- $793.9k
- Employees
- 332
- Location
- Manitowoc, WI
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 39-0826123
Organization Overview
St Marys Home For The Aged Inc is located in Manitowoc, WI. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, St Marys Home For The Aged Inc employed 332 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Marys Home For The Aged Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, St Marys Home For The Aged Inc generated $10.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $11.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTINUE THE HEALING MINISTRY OF JESUS WITH PARTICULAR ATTENTION TO THE NEEDS OF THE POOR, AS WE PROVIDE SKILLED NURSING CARE AND HOUSING FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. MARY'S EMPLOYS 332 PEOPLE IN DIRECT CARE AND SUPPORT RESPONSIBILITIES, REPRESENTING APPROXIMATELY 80,000 RESIDENT DAYS PER YEAR. CARE IS PROVIDED IN SKILLED NURSING, ASSISTED LIVING AND INDEPENDENT LIVING. SIGNIFICANT COMMUNITY SERVICE IS PROVIDED BY BOTH INDIVIDUALS SERVING ON BOARDS AND COMMITTEES AND BY THE ORGANIZATION SERVING AS A CLINICAL SITE FOR CURRICULUM REQUIREMENTS AND TRAINING FOR REGIONAL POST-SECONDARY EDUCATIONAL INSTITUTIONS IN ADDITION TO HOSTING VARIOUS OTHER EDUCATIONAL PROGRAMS.DURING 2021--2022, ST. MARY'S HOME PROVIDED IN EXCESS OF $1.2 MILLION IN UNREIMBURSED SERVICES FOR MEDICAID, FAMILY CARE, MEDICARE, AND MANAGED CARE RESIDENTS. IN ADDITION, HUNDREDS OF HOURS WERE DONATED TO AREA AGENCIES IN SUPPORT OF COMMUNITY ORGANIZATIONS AND EVENTS THAT BENEFIT RESIDENTS OF MANITOWOC COUNTY AND THE SURROUNDING AREAS. AMONG THE ORGANIZATIONS SUPPORTED THROUGH STAFF INVOLVEMENT ARE: ROTARY MANITOWOC, LAKESHORE TECHNICAL COLLEGE, FIRST PRESBYTERIAN CHURCH, ALZHEIMER'S ASSOCIATION, CHAMBER OF MANITOWOC COUNTY, LEADING AGE- WISCONSIN, NATIONAL ASSOCIATION OF CATHOLIC CHAPLAINS, US BANK YOUNG PROFESSIONALS GROUP, PETER'S PANTRY, HABITAT FOR HUMANITY RESALE STORE, HOPE HOUSE, INCOURAGE DOMESTIC VIOLENCE SHELTER, LAKESHORE CAP, LOTUS RECOVERY HOMES, LIGHTHOUSE RECOVERY CENTER, MPSD STANGEL BOUTIQUE, PAINTING PATHWAYS CLUBHOUSE, THE CROSSING, THE HAVEN OF MANITOWOC COUNTY, THE PRODUCTION FARM, THE SALVATION ARMY, AND UWGB MANITOWOC STUDENT SERVICES. ST. MARY'S SERVED AS A CLINICAL SITE FOR LP AND AD NURSING STUDENTS ATTENDING LAKESHORE TECHNICAL COLLEGE, AND ONE CLINICAL PASTORAL EDUCATION CHAPLAIN STUDENT.FINALLY, ESTIMATED COSTS TO PROVIDE ALL THE ABOVE OPPORTUNITIES IS $33,989
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Soltys Ceo/president | Officer | 40 | $224,772 |
Katherine Kopenski VP Of Operations And Nha | 40 | $131,446 | |
Joanne Bartz Treasurer | Officer | 40 | $48,760 |
David Ward Director | Trustee | 2 | $0 |
Dr Cameron Goetz Director | Trustee | 1 | $0 |
Jill Hennessey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Eastern Wisconsin Food Service | 6/29/22 | $647,960 |
Greenfield Rehab Agency Patient Therapy | 6/29/22 | $314,562 |
Gunderson Laundry | 6/29/22 | $138,511 |
All American Healthcare Services Inc Staffing Agency | 6/29/22 | $102,579 |
Schaus Mechanical Hvac | 6/29/22 | $161,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,550 |
| Government grants | $694,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $905,432 |
| Total Program Service Revenue | $9,916,837 |
| Investment income | $85,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,908,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $273,533 |
| Compensation of current officers, directors, key employees. | $273,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,914,860 |
| Pension plan accruals and contributions | $28,009 |
| Other employee benefits | $835,004 |
| Payroll taxes | $334,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,288 |
| Fees for services: Accounting | $49,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,109 |
| Advertising and promotion | $105,415 |
| Office expenses | $251,311 |
| Information technology | $52,669 |
| Royalties | $0 |
| Occupancy | $764,883 |
| Travel | $17,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,814 |
| Interest | $518,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,622,073 |
| Insurance | $135,910 |
| All other expenses | $0 |
| Total functional expenses | $11,654,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,002,377 |
| Savings and temporary cash investments | $39,439 |
| Pledges and grants receivable | $45,450 |
| Accounts receivable, net | $242,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $158,580 |
| Net Land, buildings, and equipment | $22,016,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $793,900 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,299,302 |
| Accounts payable and accrued expenses | $1,412,184 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,204 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $22,337,677 |
| Other liabilities | $0 |
| Total liabilities | $23,758,065 |
| Net assets without donor restrictions | $4,504,579 |
| Net assets with donor restrictions | $1,036,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,299,302 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Marys Home For The Aged Inc has recieved totaling $185.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $185 |
Endowment Analysis
| Beg. Balance | $946,647 |
| Earnings | -$153,761 |
| Net Contributions | $40,453 |
| Ending Balance | $833,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Lutheran Homes Of Michigan Inc Saginaw, MI | $57,940,344 | $38,263,375 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |
Legacy Senior Services Minnetonka, MN | $22,110,267 | $24,625,122 |
Bethesda Willmar, MN | $73,193,100 | $31,566,689 |