Benedictine Sisters Foundation Of Watertown
- Assets
- $1.5m
- Revenue
- $166.4k
- Investments
- $220.5k
- Employees
- 0
- Location
- Watertown, SD
- Founding
- 08/1996
- Data as of
- 07/2021
- EIN
- 46-0441468
Organization Overview
Benedictine Sisters Foundation Of Watertown is located in Watertown, SD. The organization was established in 1996. 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. Benedictine Sisters Foundation Of Watertown 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 07/2021, Benedictine Sisters Foundation Of Watertown generated $166.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $57.3k during the year ending 07/2021. 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
TO SUPPORT THE MINISTRIES OF BENEDICTINE SISTERS OF MOTHER OF GOD MONASTERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE MINISTRIES OF BENEDICTINE SISTERS OF MOTHER OF GOD MONASTERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Anderson Board Chairman | OfficerTrustee | 0 | $0 |
Theresa Hoffman President | OfficerTrustee | 0 | $0 |
Kim Peterson Secretary | OfficerTrustee | 0 | $0 |
Susan Paulsen Director | Trustee | 0 | $0 |
S Ramona Fallon Director | Trustee | 0 | $0 |
Rochelle Ebbers Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,111 |
| Investment income | $111,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,385 |
| Statement of Expenses | |
|---|---|
| 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 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 | $22,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,447 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $57,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,470 |
| Savings and temporary cash investments | $32,631 |
| 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 |
| Investments—publicly traded securities | $1,202,612 |
| Investments—other securities | $220,479 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,436 |
| Total assets | $1,468,628 |
| Accounts payable and accrued expenses | $872 |
| 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 | $872 |
| 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 | $1,467,756 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Benedictine Sisters Foundation Of Watertown has recieved totaling $87.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Endowment Analysis
| Beg. Balance | $85,576 |
| Earnings | $14,782 |
| Grants | $3,107 |
| Ending Balance | $97,251 |
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