Sisters Of St Joseph Mission And Ministries Foundation
- Assets
- $14.4m
- Revenue
- $1.6m
- Investments
- $13.1m
- Employees
- 0
- Location
- Erie, PA
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 47-2591434
Organization Overview
Sisters Of St Joseph Mission And Ministries Foundation is located in Erie, PA. The organization was established in 1946. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sisters Of St Joseph Mission And Ministries Foundation 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, Sisters Of St Joseph Mission And Ministries Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $719.1k during the year ending 12/2022. While expenses have increased by 13.8% 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.
Since 2018, Sisters Of St Joseph Mission And Ministries Foundation has awarded 24 individual grants totaling $1,048,389. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CONGREGATION OF THE SISTERS OF ST. JOSEPH OF NORTHWESTERN PENNSYLVANIA, ITS CURRENT AND FUTURE MINISTRIES, AND OTHER ORGANIZATIONS WITH LIKE-MINDED MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SISTERS OF ST. JOSEPH MISSION AND MINISTRIES FOUNDATION PAID RESTRICTED GIFTS AND PROVIDED GRANTS TO OTHER ORGANIZATIONS. THIS YEAR $43,288 WAS PAID OUT IN RESTRICTED GIFTS AND GRANTS TO THE SISTERS OF ST. JOSEPH OF NORTHWESTERN PENNSYLVANIA AND VARIOUS OTHER NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Mary Drexler Trustee | Trustee | 1.5 | $0 |
Robert Cox Secretary/treasurer | OfficerTrustee | 1.5 | $0 |
Sr Mary Herrmann Trustee | Trustee | 1.5 | $0 |
William Hilbert Jr Trustee | Trustee | 1.5 | $0 |
Sr Catherine Manning Trustee | Trustee | 1.5 | $0 |
Sr Carol Morehouse Trustee | Trustee | 1.5 | $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 | $582,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,294 |
| Total Program Service Revenue | $0 |
| Investment income | $274,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $697,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,554,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,791 |
| 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 | $12,054 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,020 |
| Fees for services: Other | $280,445 |
| Advertising and promotion | $76 |
| Office expenses | $6,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $639 |
| 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 | $3,826 |
| All other expenses | $3,654 |
| Total functional expenses | $719,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,950 |
| 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 | $1,153 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,131,611 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,385,616 |
| Accounts payable and accrued expenses | $84,532 |
| 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 | $84,532 |
| Net assets without donor restrictions | $14,038,805 |
| Net assets with donor restrictions | $262,279 |
| 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 | $14,385,616 |
Grants Awarded
Over the last fiscal year, Sisters Of St Joseph Mission And Ministries Foundation has awarded $175,937 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SISTERS OF ST JOSEPH OF NORTHWESTERN PENNSYLVANIA PURPOSE: TO HELP FUND VARIOUS OUTREACH MINISTRIES OF THE SISTERS OF ST. JOSEPH | $95,626 |
SSJ NEIGHBORHOOD NETWORK PURPOSE: TO HELP FUND VARIOUS OUTREACH PROGRAMS OF SSJ NEIGHBORHOOD NETWORK | $28,001 |
ST JAMES HAVEN PURPOSE: TO HELP FUND VARIOUS OUTREACH PROGRAMS OF ST. JAMES HAVEN | $29,810 |
ST PATRICK HAVEN PURPOSE: TO HELP FUND VARIOUS OUTREACH PROGRAMS OF ST. PATRICK HAVEN | $22,500 |