Teams Of Our Lady
- Assets
- $716.5k
- Revenue
- $279.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Stewartville, MN
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 41-6173296
Organization Overview
Teams Of Our Lady is located in Stewartville, MN. The organization was established in 1978. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teams Of Our Lady 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 12/2022, Teams Of Our Lady generated $279.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $215.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ROMAN CATHOLIC MARRIED COUPLES SPIRITUALITY THROUGH MONTHLY PRAYER AND DISCUSSION MEETING, AND OCCASIONAL NATIONAL GATHERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS COMPRISED OF MARRIED CATHOLIC COUPLES WHO VOLUNTEER THEIR SERVICES TO PROMOTE MARRIAGE SPIRITUALITY. THE ORGANIZATION IS DIVIDED INTO 4 PROVINCES AND 13 REGIONAL GEOGRAPHICAL AREA WITH VOLUNTEER LEADERS OVERSEEING EACH AREA. THE LEADERS HOST MEETINGS TO SHARE READING MATERIALS, SHARE RETREAT INFORMATION AND TO DIALOGUE METHODS TO FOSTER GOOD MARRIAGES. THE SUPER-REGIONAL COUPLES, PROVINCIAL COUPLES, REGIONAL COUPLES, AND THE SECTOR COUPLES AND THE OFFICERS COUPLES MEET TO CONDUCT ORGANIZATIONAL BUSINESS AND TRAINING.
THE ORGANIZATION MAKES AN ANNUAL CONTRIBUTION TO THE INTERNATIONAL MOVEMENT OF TEAMS OF OUR LADY. (PAGE 10, LINE 3 21(B)
THE ORGANIZATION INCURS PRINTING, PUBLICATION AND SHIPPING COSTS IN ORDER TO PROVIDE STUDY MATERIALS AND PERIODIC NEWSLETTERS TO THE MEMBER COUPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glynis Sturm Assistant Treasurer | Officer | 5 | $0 |
Denise Standley Assistant Secretary | Officer | 10 | $0 |
Jeff Standley Secretary | Officer | 10 | $0 |
T J Holt President | Officer | 10 | $0 |
Ellen Holt Vice President | Officer | 10 | $0 |
Steven Sturm Treasurer | Officer | 5 | $0 |
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 | $274,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,934 |
| Total Program Service Revenue | $0 |
| Investment income | $3,722 |
| 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 | $279,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,701 |
| Information technology | $8,453 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68,111 |
| 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 | $63,725 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $446 |
| All other expenses | $0 |
| Total functional expenses | $215,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,728 |
| Savings and temporary cash investments | $646,803 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $716,531 |
| Accounts payable and accrued expenses | $941 |
| 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 | $0 |
| Total liabilities | $941 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $715,590 |
| 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 | $716,531 |