Lasallian Educational And Research Initiatives
- Assets
- $27.2m
- Revenue
- $6.3m
- Investments
- $21.2m
- Employees
- 51
- Location
- Winona, MN
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 41-1703838
Organization Overview
Lasallian Educational And Research Initiatives is located in Winona, MN. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Lasallian Educational And Research Initiatives employed 51 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lasallian Educational And Research Initiatives 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 12/2021, Lasallian Educational And Research Initiatives generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 6.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISH CATHOLIC RELIGIOUS EDUCATION MATERIALS USED IN CATHOLIC SCHOOLS AND PARISHES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF RELIGIOUS EDUCATION MATERIALS TO VARIOUS SCHOOLS AND BOOKSTORES INCLUDING EDITING AND PRINTING OF RELIGIOUS TEXTS.
SPRINGTIDE IS DEDICATED TO THE RELIGIOUS AND SPIRITUAL LIVES OF YOUNG PEOPLE BOTH IN AND OUTSIDE OF RELIGIOUS INSTITUTIONS. TO FULLFILL ITS MISSION, SPRINGTIDE DELIVERS APPLIED RESEARCH ON THE RELIGIOUS LONGINGS AND BELONGINGS OF YOUNG PEOPLE'S LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Vitek President / CEO | OfficerTrustee | 40 | $169,203 |
Steve Skifton CFO | Officer | 40 | $119,261 |
Sara Lawrence Highest Compensated Employ | 40 | $102,208 | |
Caren Yang Secretary | Officer | 40 | $96,795 |
Cathy Espy Assistant Secretary | Officer | 40 | $71,088 |
Pam Conley Assistant Treasurer | Officer | 40 | $52,693 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsc Communications Us Llc Printed Bibles And Textbooks | 12/30/18 | $425,083 |
United Parcel Service Shipping Company | 12/30/18 | $343,421 |
Innovia Consulting Inc Operating Software Vendor | 12/30/18 | $184,875 |
Marco Inc Production Machine Vendor | 12/30/18 | $219,113 |
Imago Sales (Usa) Inc Printed Bibles And Textbooks | 12/30/18 | $136,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,745 |
| Total Program Service Revenue | $0 |
| Investment income | $87,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,828,678 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,283,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,500 |
| 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. | $663,884 |
| Compensation of current officers, directors, key employees. | $622,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,349,340 |
| Pension plan accruals and contributions | $185,998 |
| Other employee benefits | $246,961 |
| Payroll taxes | $198,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,537 |
| Fees for services: Accounting | $26,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,831 |
| Advertising and promotion | $120,443 |
| Office expenses | $0 |
| Information technology | $245,969 |
| Royalties | $0 |
| Occupancy | $120,124 |
| Travel | $40,741 |
| 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 | $240,391 |
| Insurance | $0 |
| All other expenses | $192,496 |
| Total functional expenses | $5,945,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,119,944 |
| Savings and temporary cash investments | $937 |
| Pledges and grants receivable | $31,230 |
| Accounts receivable, net | $701,537 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $846,034 |
| Prepaid expenses and deferred charges | $150,551 |
| Net Land, buildings, and equipment | $920,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $21,220,257 |
| Investments—program-related | $0 |
| Intangible assets | $169,835 |
| Other assets | $9,052 |
| Total assets | $27,170,311 |
| Accounts payable and accrued expenses | $1,180,150 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $234,173 |
| Total liabilities | $1,434,323 |
| Net assets without donor restrictions | $25,657,758 |
| Net assets with donor restrictions | $78,230 |
| 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 | $27,170,311 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lasallian Educational And Research Initiatives has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
Porticus North America Foundation New York, NY PURPOSE: TO BE USED TOWARDS THE SPRINGTIDE RESEARCH INSTITUTE CAPACITY BUILDING, RESEARCH AND EVALUATION SERVICES | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy College Of Health Sciences Des Moines, IA | $43,076,870 | $20,537,196 |
Lasallian Educational And Research Initiatives Winona, MN | $27,170,311 | $6,283,560 |
Catholic Council For Social Concern Inc Des Moines, IA | $7,346,426 | $6,681,494 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
St Francis Mission St Francis, SD | $9,676,600 | $2,002,060 |
Society Of St Vincent De Paul Racine County Council Inc Racine, WI | $1,705,699 | $2,276,481 |
Sisters Of St Joseph Ministries Fund St Paul, MN | $23,497,843 | $1,432,095 |
Youth With A Mission Inc Madison, WI | $1,643,750 | $1,403,001 |