Benedictine Health System Dba Bened
- Assets
- $142.2m
- Revenue
- $57.3m
- Investments
- $0.0
- Employees
- 379
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 41-1531892
Organization Overview
Benedictine Health System Dba Bened, operating under the name Benedictine, is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Benedictine employed 379 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benedictine 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, Benedictine generated $57.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $61.1m during the year ending 06/2022. While expenses have increased by 2.7% 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.
Since 2015, Benedictine has awarded 51 individual grants totaling $32,120,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.
Describe the Organization's Program Activity:
BENEDICTINE IS A CATHOLIC, MISSION-DIRECTED AND VALUES-BASED HEALTH CARE SYSTEM ENTRUSTED WITH FURTHERING THE HEALTH CARE MINISTRY OF THE BENEDICTINE SISTERS OF ST. SCHOLASTICA MONASTERY IN DULUTH, MINNESOTA. BENEDICTINE OWNS OR HAS A CONTROLLING INTEREST IN 23 NURSING FACILITIES WITH 1,807 LICENSES BEDS AND 25 SENIOR HOUSING FACILITIES WITH 1,873 UNITS IN FIVE STATES. IN ADDITION, BENEDICTINE HAS A NONCONTROLLING INTEREST AND PROVIDES MANAGEMENT SERVICES TO THREE NURSING FACILITIES WITH 321 LICENSED BEDS AND FIVE SENIOR HOUSING FACILITIES WITH 575 UNITS.
BENEDICTINE LIVING COMMUNITY-SHAKOPEE, LLC (EIN: 82-4211716) OPERATES A 183-UNIT ASSISTED LIVING AND INDEPENDENT LIVING FACILITY IN SHAKOPEE, MINNESOTA. THE FACILITY HAD 32.2% OCCUPANCY AND SERVED 118 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/22.
BENEDICTINE LIVING COMMUNITY OF NORTHFIELD, LLC (EIN: 82-4307824) OPERATES A 97-UNIT ASSISTED LIVING AND INDEPENDENT LIVING FACILITY IN NORTHFIELD, MINNESOTA. THE FACILITY HAD 76% OCCUPANCY AND SERVED 120 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Haskins Vice Chair | OfficerTrustee | 1 | $3,400 |
Carrie Shaw Director | Trustee | 1 | $1,100 |
David Marc Director | Trustee | 1 | $2,000 |
Sr Danile Lynch Osb Secretary | OfficerTrustee | 1 | $0 |
Sr Beverly Raway Osb Director | Trustee | 1 | $0 |
Sr Clare Marie Trettel Osb Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pathway Health Services Interim Nursing Services | 6/29/22 | $148,978 |
Interim Healthcare Staffing Solutions Temporary Nursing Services | 6/29/22 | $158,025 |
Grapetree Medical Staffing Temporary Nursing Services | 6/29/22 | $136,541 |
Kristin Wargin Procurement Consulting | 6/29/22 | $113,733 |
Starfish Llc Branding Consulting | 6/29/22 | $111,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,299,107 |
| Government grants | $711,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,015,426 |
| Total Program Service Revenue | $54,197,642 |
| Investment income | $94,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,920 |
| 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 | $57,321,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,532,775 |
| Grants and other assistance to domestic individuals. | $15,871 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $43,276 |
| Compensation of current officers, directors, key employees. | $43,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,496,045 |
| Pension plan accruals and contributions | $472,859 |
| Other employee benefits | $20,758,337 |
| Payroll taxes | $1,465,450 |
| Fees for services: Management | $553,138 |
| Fees for services: Legal | $8,781 |
| Fees for services: Accounting | $12,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,303,416 |
| Advertising and promotion | $505,609 |
| Office expenses | $319,242 |
| Information technology | $2,178,956 |
| Royalties | $0 |
| Occupancy | $1,544,339 |
| Travel | $615,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,903 |
| Interest | $4,829,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,539,468 |
| Insurance | $206,823 |
| All other expenses | $90,300 |
| Total functional expenses | $61,087,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,689,796 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $710,752 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $849,538 |
| Net Land, buildings, and equipment | $72,869,484 |
| Investments—publicly traded securities | $11,724,281 |
| Investments—other securities | $0 |
| Investments—program-related | $772,245 |
| Intangible assets | $29,633,301 |
| Other assets | $15,635,869 |
| Total assets | $142,221,836 |
| Accounts payable and accrued expenses | $6,958,194 |
| Grants payable | $0 |
| Deferred revenue | $113,798 |
| Tax-exempt bond liabilities | $81,596,133 |
| Escrow or custodial account liability | $25,608 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,789,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,183,400 |
| Total liabilities | $110,666,640 |
| Net assets without donor restrictions | $31,165,344 |
| Net assets with donor restrictions | $389,852 |
| 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 | $142,221,836 |
Grants Awarded
Over the last fiscal year, Benedictine Health System Dba Bened has awarded $1,527,775 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE LIVING COMMUNITIES PURPOSE: TRANSFER OF STRATEGIC CAPITAL | $688,538 |
BENEDICTINE FOUNDATION PURPOSE: FOUNDATION OPERATING COSTS | $839,237 |