Benedictine Health System
- Assets
- $153.5m
- Revenue
- $53.0m
- Investments
- $52.2k
- Employees
- 109
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 41-1531892
Organization Overview
Benedictine Health System, 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 06/2021, Benedictine employed 109 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 06/2020, Benedictine generated $53.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $51.5m during the year ending 06/2020. While expenses have increased by 0.2% per year over the past 6 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 50 individual grants totaling $30,963,369. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BENEDICTINE HEALTH SYSTEM ("BHS") 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. BHS OWNS, COLLABORATES WITH OTHERS, AND/OR HAS AN INTEREST WITH 57 PARTICIPATING ORGANIZATIONS WITH 2,107 SKILLED NURSING BEDS AND 2,136 ASSISTED LIVING AND INDEPENDENT SENIOR LIVING UNITS ACROSS THE UPPER MIDWEST, OFFERING SERVICES SUCH AS TRANSITIONAL CARE, REHABILITATION, MEMORY CARE, HOME HEALTH CARE, ADULT AND CHILD DAY CARE.
OPERATIONS OF DISREGARDED ENTITY - MADONNA SUMMIT OF BYRON, LLC (47-2337717) OPERATES BENEDICTINE LIVING COMMUNITY-BYRON, A 30-UNIT ASSISTED LIVING AND 20-UNIT INDEPENDENT LIVING FACILITY IN BYRON, MINNESOTA. THE FACILITY HAD 92.4% OCCUPANCY AND SERVED 65 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/21.
OPERATIONS OF DISREGARDED ENTITY - BENEDICTINE LIVING COMMUNITY OF NORTHFIELD, LLC (82-4307824) OPERATES BENEDICTINE LIVING COMMUNITY-NORTHFIELD, A 49-UNIT ASSISTED LIVING AND 48-UNIT INDEPENDENT LIVING FACILITY UNDER DEVELOPMENT IN NORTHFIELD, MINNESOTA. THE FACILITY OPENED IN NOVEMBER 2019. THE FACILITY HAD 57.1% OCCUPANCY AND SERVED 95 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/21.
OPERATIONS OF DISREGARDED ENTITY - BENEDICTINE LIVING COMMUNITY OF SHAKOPEE, LLC (82-4211716) OPERATES BENEDICTINE WINDERMERE WAY, A 67-UNIT ASSISTED LIVING AND 116-UNIT INDEPENDENT LIVING FACILITY IN SHAKOPEE, MINNESOTA. THE FACILITY OPENED IN DECEMBER 2020. THE FACILITY HAD 21% OCCUPANCY AND SERVED 57 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Carley CEO Of Bhs | Officer | 5 | $798,732 |
Kevin Rymanowski CFO & Treasurer | Officer | 5 | $424,864 |
Steven Przybilla Sr. Vice President | Officer | 40 | $394,557 |
Becky Urbanski Sr. Vice President | Officer | 40 | $294,138 |
Trent Pepper Sr. Vice President | Officer | 30 | $270,382 |
Patricia Ann Nott Sr. Vice President | Officer | 40 | $269,155 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grapetree Medical Staffing Temporary Nursing Staffing | 6/29/21 | $125,341 |
Cohen Taylor Executive Search Services | 6/29/21 | $133,025 |
Kristin Wargin Procurement Consulting | 6/29/21 | $119,925 |
Oneneck It Solutions Llc It Backup Services | 6/29/21 | $117,470 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,939 |
| Investment income | $287,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$346,838 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,035,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $23,795 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,073,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,950,297 |
| Pension plan accruals and contributions | $296,384 |
| Other employee benefits | $2,812,531 |
| Payroll taxes | $1,286,248 |
| Fees for services: Management | $220,806 |
| Fees for services: Legal | $60,617 |
| Fees for services: Accounting | $2,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,440,250 |
| Advertising and promotion | $434,141 |
| Office expenses | $113,065 |
| Information technology | $2,072,882 |
| Royalties | $0 |
| Occupancy | $746,267 |
| Travel | $518,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,039 |
| Interest | $1,086,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $953,805 |
| Insurance | $22,691 |
| All other expenses | $0 |
| Total functional expenses | $51,475,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,140,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $860,752 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $864,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $52,231 |
| Investments—program-related | $1,985,652 |
| Intangible assets | $22,244,814 |
| Other assets | $37,978,500 |
| Total assets | $153,472,496 |
| Accounts payable and accrued expenses | $8,027,124 |
| Grants payable | $0 |
| Deferred revenue | $66,597 |
| Tax-exempt bond liabilities | $72,839,978 |
| Escrow or custodial account liability | $39,460 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,984,986 |
| Unsecured mortgages and notes payable | $6,825,192 |
| Other liabilities | $13,033,185 |
| Total liabilities | $109,816,522 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $43,655,974 |
Grants Awarded
Over the last fiscal year, Benedictine Health System has awarded $1,872,312 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: FOUNDATION EXPENSES | $1,153,189 |
Minneapolis, MN PURPOSE: SYSTEM SUPPORT/STRATEGIC CAPITAL | $719,123 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Benedictine Health System has recieved totaling $1,369,094.
| Awarding Organization | Amount |
|---|---|
Benedictine Health Center Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $383,416 |
St Gertrudes Health Center Minneapolis, MN PURPOSE: SYSTEM SUPPORT & STRATEGIC CAPITAL | $222,566 |
City Of Lakes Care Center Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $159,446 |
Villa St Vincent Minneapolis, MN PURPOSE: SYSTEM SUPPORT & STRATEGIC CAPITAL | $144,935 |
Benedictine Living Community Owatonna Minneapolis, MN PURPOSE: SYSTEM SUPPORT & STRATEGIC CAPITAL | $133,423 |
Living Community Of St Joseph Minneapolis, MN PURPOSE: SYSTEM SUPPORT & STRATEGIC CAPITAL | $95,386 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakewood Health System Staples, MN | $153,437,720 | $115,022,151 |
Glencoe Regional Health Services Glencoe, MN | $129,617,347 | $77,673,503 |
Sanford Sioux Falls, SD | $665,368,621 | $12,274,166 |
Benedictine Health System Minneapolis, MN | $153,472,496 | $53,035,199 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,954,347 | $50,265,958 |
Centracare Health System-Long Prairie Long Prairie, MN | $62,306,209 | $40,776,847 |
Mayo Clinic Lake City, MN | $39,703,752 | $42,659,598 |
Fall River Health Services Hot Springs, SD | $41,959,122 | $31,885,192 |
Northland Pace Program Bismarck, ND | $14,541,053 | $17,955,640 |
United Family Practice Health Center St Paul, MN | $22,572,994 | $14,233,034 |
Philip Health Services Inc Philip, SD | $22,337,668 | $17,795,020 |
St Camillus Health System Inc Wauwatosa, WI | $278,277,925 | $13,870,533 |