Laboure Society
- Assets
- $5.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Eagan, MN
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 41-2001751
Organization Overview
Laboure Society is located in Eagan, MN. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Laboure Society employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laboure Society 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, Laboure Society generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO MUST ELIMINATE PERSONAL DEBT IN ORDER TO PURSUE THEIR VOCATION TO PRIESTHOOD OR RELIGIOUS LIFE IN THE CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LABOURE SOCIETY WAS ESTABLISHED TO PROVIDE SPIRITUAL SUPPORT AND MATERIAL ASSISTANCE TO RESOLVE STUDENT LOANS FOR THOSE ENTERING FORMATION FOR PRIESTHOOD OR RELIGIOUS LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Flanagan Executive Director | Officer | 40 | $83,682 |
Sherry Nilles Director | OfficerTrustee | 1 | $0 |
Rosa Cumare Director | OfficerTrustee | 1 | $0 |
William S Bojan Treasurer | OfficerTrustee | 1 | $0 |
David Johnson CFO | Officer | 40 | $0 |
Sr Josephine Garrett Csfn Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,927,512 |
| Noncash contributions included in lines 1a–1f | $35,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,048,773 |
| Total Program Service Revenue | $0 |
| Investment income | $26,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,075,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,066,374 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,682 |
| Compensation of current officers, directors, key employees. | $5,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $889,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,120 |
| Advertising and promotion | $112,053 |
| Office expenses | $151,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,780 |
| Travel | $34,310 |
| 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 | $9,193 |
| Insurance | $11,471 |
| All other expenses | $0 |
| Total functional expenses | $2,780,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,989,726 |
| Savings and temporary cash investments | $1,234,032 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $10,852 |
| Net Land, buildings, and equipment | $28,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,263,561 |
| Accounts payable and accrued expenses | $42,783 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,274,417 |
| Total liabilities | $3,317,200 |
| Net assets without donor restrictions | $1,946,361 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,263,561 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Laboure Society has recieved totaling $494,135.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $406,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $35,400 |
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: GENERAL OPERATING, PROGRAM SUPPORT | $21,735 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $15,000 |
Bowling Family Charitable Foundation El Paso, TX PURPOSE: GENERAL SUPPORT | $5,000 |
The Wolf Family Charitable Foundation Portland, OR PURPOSE: CHARIT DONAT TO ORGS PURPOSE OF SUPPORT CATHOLIC | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |