Childrens Home Society Of Minnesota
- Assets
- $17.4m
- Revenue
- $5.8m
- Investments
- $3.2m
- Employees
- 87
- Location
- St Paul, MN
- Founding
- 04/1942
- Data as of
- 06/2022
- EIN
- 41-0693906
Organization Overview
Childrens Home Society Of Minnesota is located in St Paul, MN. The organization was established in 1942. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Childrens Home Society Of Minnesota employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Home Society Of Minnesota 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, Childrens Home Society Of Minnesota generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 HELP CHILDREN THRIVE AND TO BUILD, STRENGTHEN AND SUSTAIN INDIVIDUAL, FAMILY AND COMMUNITY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S ADOPTION PROGRAM INCLUDES: FOSTER CARE ADOPTION, INFANT, INTERCOUNTRY (IN ELEVEN COUNTRIES) AND POST ADOPTION SERVICES. MOST CHILDREN ADOPTED INTERNATIONALLY ARE CONSIDERED TO BE WAITING INTERNATIONAL CHILDREN OR IDENTIFIED RELATIVE CHILDREN. THE ORGANIZATION MAINTAINS OFFICES IN THE ST. PAUL (MN), PRESCOTT (WI), ROCKVILLE (MD) AND FAIRFAX (VA) TO SERVE FAMILIES IN MINNESOTA, WISCONSIN, MARYLAND AND VIRGINIA. USING A NETWORK OF PARTNER AGENCIES, THE ORGANIZATION SERVES FAMILIES THROUGHOUT THE U.S. AND IN OTHER COUNTRIES. THE ORGANIZATION'S POST-ADOPTION SERVICES WAS THE FIRST OF ITS KIND IN THE U.S., AND PROVIDES DOMESTIC AND INTERNATIONAL INTERMEDIARY/SEARCH AND BACKGROUND SERVICES; BIRTHLAND TOURS; SUPPORT, COUNSELING AND EDUCATIONAL SERVICES TO ALL MEMBERS OF THE ADOPTION CIRCLE.
THE ORGANIZATION DISTRIBUTED OVER $390K TO 15 COUNTRIES OVER THE PAST FIVE YEARS THROUGH SPECIAL PROJECTS AND FINANCIAL SUPPORT FOR VARIOUS EFFORTS TO CHILDREN AND CAREGIVERS. ICW PROGRAMS ARE MAKING A DIFFERENCE IN THE LIVES OF THOUSANDS OF CHILDREN TODAY AND FOR GENERATIONS TO COME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Wiste President (part Year) | Officer | 30 | $75,846 |
Alexis Oberdorfer President (part Year) | Officer | 30 | $64,396 |
Lance Novak Board Chair | OfficerTrustee | 1 | $0 |
Todd Hysjulien Board Secretary | OfficerTrustee | 1 | $0 |
Lisa Ramme Latterell Board Vice Chair | OfficerTrustee | 1 | $0 |
Kyle Larsen Lss Controller, Ch CFO And Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Owens Companies Inc Construction Services | 6/29/22 | $152,909 |
Lutheran Social Service Of Minnesota Management Services | 6/29/22 | $127,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $850 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,630,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,631,209 |
| Total Program Service Revenue | $3,363,605 |
| Investment income | $268,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,785 |
| Net Gain/Loss on Asset Sales | $493,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,759,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,763 |
| Grants and other assistance to domestic individuals. | $123,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $491,605 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,823 |
| Compensation of current officers, directors, key employees. | $18,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,149,997 |
| Pension plan accruals and contributions | $30,481 |
| Other employee benefits | $326,217 |
| Payroll taxes | $250,420 |
| Fees for services: Management | $127,608 |
| Fees for services: Legal | $133 |
| Fees for services: Accounting | $51,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,679 |
| Fees for services: Other | $99,006 |
| Advertising and promotion | $148,148 |
| Office expenses | $2,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,387 |
| Travel | $38,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $239,391 |
| Insurance | $109,836 |
| All other expenses | $0 |
| Total functional expenses | $4,892,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,272 |
| Savings and temporary cash investments | $21,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,651,656 |
| 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 | $308,979 |
| Net Land, buildings, and equipment | $5,705,844 |
| Investments—publicly traded securities | $4,651,249 |
| Investments—other securities | $3,233,748 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,710,048 |
| Total assets | $17,383,447 |
| Accounts payable and accrued expenses | $358,511 |
| Grants payable | $0 |
| Deferred revenue | $525,107 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $969,344 |
| Total liabilities | $1,852,962 |
| Net assets without donor restrictions | $5,661,055 |
| Net assets with donor restrictions | $9,869,430 |
| 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 | $17,383,447 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Home Society Of Minnesota has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Richter Family Foundation Hayward, WI PURPOSE: STRENGTHEN THE RECOVERY COMMUNITY | $500 |
Endowment Analysis
| Beg. Balance | $8,986,748 |
| Earnings | -$997,578 |
| Net Contributions | $21,335 |
| Other Expense | -$311,000 |
| Ending Balance | $7,892,410 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeward Bound Inc Plymouth, MN | $9,682,680 | $20,805,285 |
Discovery Living Inc Cedar Rapids, IA | $11,709,298 | $15,165,116 |
Lad Lake Inc Dousman, WI | $18,305,797 | $13,126,553 |
Enable Inc Bismarck, ND | $6,180,570 | $13,372,662 |
Phoenix Residence Inc St Paul, MN | $9,462,501 | $12,129,691 |
Kenosha Human Development Services Inc Kenosha, WI | $14,186,753 | $13,956,960 |
Nishna Productions Inc Shenandoah, IA | $11,396,482 | $10,657,459 |
St Lukes Lutheran Care Center Blue Earth, MN | $9,355,318 | $10,279,790 |
Abbott House Inc Mitchell, SD | $12,190,131 | $10,428,171 |
Central Iowa Residential Services Inc Marshalltown, IA | $5,466,699 | $8,641,374 |
Opportunity Matters Inc Sartell, MN | $10,779,962 | $7,848,856 |
Social Current Inc Milwaukee, WI | $9,111,549 | $10,631,550 |