Saint Therese
- Assets
- $14.5m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 34
- Location
- St Louis Park, MN
- Founding
- 11/1991
- Data as of
- 06/2021
- EIN
- 41-1704381
Organization Overview
Saint Therese is located in St Louis Park, MN. The organization was established in 1991. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Saint Therese employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Therese 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 06/2021, Saint Therese generated $6.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $5.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING FUNDRAISING, PLANNING, AND OTHER SUPPORT TO AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAINT THERESE IS A NONPROFIT FAITH-BASED ORGANIZATION THAT HAS FOCUSED ON THE WELL-BEING OF INDIVIDUALS SINCE IT OPENED IN 1968. WE PROVIDE SECURE, STRESS-FREE LIVING AND THE VERY BEST IN SENIOR CARE AND HOUSING WITH A COMMITMENT TO EACH INDIVIDUAL. SAINT THERESE OFFERS A TRUE CONTINUUM OF PROGRAMS AND SERVICES THAT ARE AVAILABLE IN YOUR OWN HOME OR IN ONE OF OUR COMMUNITY SETTINGS.THE OPERATIONS OF SAINT THERESE MANAGEMENT SERVICES, LLC INVOLVE PROVIDING CENTRAL MANAGEMENT FUNCTIONS TO SAINT THERESE AND ITS RELATED ORGANIZATIONS.
SAINT THERESE IS A NONPROFIT FAITH-BASED ORGANIZATION THAT HAS FOCUSED ON THE WELL-BEING OF INDIVIDUALS SINCE IT OPENED IN 1968. WE PROVIDE SECURE, STRESS-FREE LIVING AND THE VERY BEST IN SENIOR CARE AND HOUSING WITH A COMMITMENT TO EACH INDIVIDUAL. SAINT THERESE OFFERS A TRUE CONTINUUM OF PROGRAMS AND SERVICES THAT ARE AVAILABLE IN YOUR OWN HOME OR IN ONE OF OUR COMMUNITY SETTINGS.THE OPERATIONS OF SAINT THERESE FOUNDATION, LLC INVOLVE PLANNING AND HOSTING FUNDRAISING ACTIVITIES TO HELP SUPPORT THE FUNCTIONS OF SAINT THERESE AND ITS RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barb Rode President And CEO | Officer | 2 | $350,191 |
Calvin Shelangoski CFO | Officer | 2 | $246,212 |
Jeffery Thorne VP Of Operations | 0 | $218,715 | |
Kim Fisher Chief Hr Officer | 0 | $210,638 | |
Marilyn Ramirez VP Of Clinical Operations | 0 | $176,037 | |
Meghan Stark VP Of Philanthropy | 0 | $139,315 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ultimate Software Group Inc Payroll Services | 6/29/21 | $259,879 |
Compudyne Inc It Services | 6/29/21 | $259,933 |
Rbc Wealth Management Investment Advisory Services | 6/29/21 | $181,217 |
Allstream Business Usa Phone Service | 6/29/21 | $157,228 |
Pointclickcare Technologies Inc Software Service Provider | 6/29/21 | $152,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,342 |
| Related organizations | $1,200,000 |
| Government grants | $18,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,476,965 |
| Total Program Service Revenue | $4,700,245 |
| Investment income | $249,502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $298,659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,125 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,726,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,020 |
| 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. | $596,403 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,393,170 |
| Pension plan accruals and contributions | $71,011 |
| Other employee benefits | $226,644 |
| Payroll taxes | $13,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,751 |
| Fees for services: Accounting | $30,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,768 |
| Fees for services: Other | $693,303 |
| Advertising and promotion | $36,416 |
| Office expenses | $50,498 |
| Information technology | $674,873 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,336 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,461 |
| Insurance | $1,666 |
| All other expenses | $61 |
| Total functional expenses | $5,400,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,257 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,301 |
| Prepaid expenses and deferred charges | $130,676 |
| Net Land, buildings, and equipment | $143,288 |
| Investments—publicly traded securities | $13,161,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $288,242 |
| Total assets | $14,478,951 |
| Accounts payable and accrued expenses | $379,134 |
| Grants payable | $0 |
| Deferred revenue | $555,365 |
| 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 | $1,468,152 |
| Total liabilities | $2,402,651 |
| Net assets without donor restrictions | $10,546,196 |
| Net assets with donor restrictions | $1,530,104 |
| 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 | $14,478,951 |
Grants Awarded
Over the last fiscal year, Saint Therese has awarded $218,566 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis Park, MN PURPOSE: GENERAL SUPPORT | $121,022 |
St Louis Park, MN PURPOSE: GENERAL SUPPORT | $97,544 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Saint Therese has recieved totaling $11,151.
| Awarding Organization | Amount |
|---|---|
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: GENERAL OPERATING | $11,100 |
Westfield Insurance Foundation Westfield Center, OH PURPOSE: MEMORIAL | $51 |
Endowment Analysis
| Beg. Balance | $574,490 |
| Earnings | $198,328 |
| Net Contributions | $89,894 |
| Other Expense | $86,961 |
| Ending Balance | $775,751 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |