Benet Hill Monastary Of Colorado Springs Inc
- Assets
- $13.5m
- Revenue
- $2.7m
- Investments
- $119.5k
- Employees
- 30
- Location
- Colorado Springs, CO
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 84-0523354
Organization Overview
Benet Hill Monastary Of Colorado Springs Inc is located in Colorado Springs, CO. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Benet Hill Monastary Of Colorado Springs Inc employed 30 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benet Hill Monastary Of Colorado Springs Inc 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, Benet Hill Monastary Of Colorado Springs Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. 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
BENET HILL MONASTERY IS A CONTEMPORARY BENEDICTINE MONASTERY OF WOMEN IN THE ROMAN CATHOLIC CHURCH. WE PROVIDE SACRED SPACE OF HOSPITALITY AND THE USE OF OUR HUMAN AND MATERIAL RESOURCES IN EDUCATION, SPIRITUALITY AND OTHER VIABLE MINISTRIES. THE MONASTERY IS HOME TO THE BENEDICTINE SISTERS, BENEDICTINE SPIRITUALITY CENTER AND RETREAT MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL ONLINE SPIRITUAL DIRECTION PROGRAM - TWO YEAR COURSE WORK OPEN TO ALL FAITH TRADITIONS ROOTED IN THE BENEDICTINE TRADITION AND FOCUSES ON SPIRITUAL GROWTH & PERSONAL TRANSFORMATION. THE PURPOSE IS TO DEEPEN EACH PARTICIPANT'S INNER JOURNEY & TO OPEN PATHWAYS OF SPIRITUAL SERVICE. THIS PROGRAM IS OFFERED ONLINE.
BENET PINE RETREAT CENTER - PROVIDES INDIVIDUAL AND GROUP RETREATS. COURSES AND WORKSHOPS IN CONTEMPLATIVE PRACTICES AND TO PROMOTE CONTEMPLATIVE LIVING AND TO FACILITATE AND STRENGTHEN A PERSONS RELATIONSHIP WITH THEIR GOD OR HIGHER POWER.
SUPPORTING THE SISTERS OF THE MONASTERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Claire Carr Vice-President | OfficerTrustee | 40 | $0 |
Sister Jan Ginzkey Secretary | OfficerTrustee | 20 | $0 |
Sister Marie Therese Summers President | OfficerTrustee | 40 | $0 |
Sister Anne Madeleine Brost Treasurer | OfficerTrustee | 40 | $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 | $1,986,003 |
| Noncash contributions included in lines 1a–1f | $78,485 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,986,003 |
| Total Program Service Revenue | $228,685 |
| Investment income | $72,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $378,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,419 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,706,657 |
| 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 | $482,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,758 |
| Payroll taxes | $36,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,898 |
| Fees for services: Other | $30,352 |
| Advertising and promotion | $6,950 |
| Office expenses | $69,107 |
| Information technology | $105,489 |
| Royalties | $0 |
| Occupancy | $225,186 |
| Travel | $23,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,870 |
| Insurance | $38,174 |
| All other expenses | $104,823 |
| Total functional expenses | $1,815,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,267 |
| Savings and temporary cash investments | $1,283,689 |
| Pledges and grants receivable | $64,767 |
| Accounts receivable, net | $5,285 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,935 |
| Prepaid expenses and deferred charges | $36,496 |
| Net Land, buildings, and equipment | $5,452,727 |
| Investments—publicly traded securities | $3,543,124 |
| Investments—other securities | $119,494 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,860,945 |
| Total assets | $13,543,729 |
| Accounts payable and accrued expenses | $318,129 |
| Grants payable | $0 |
| Deferred revenue | $427,274 |
| 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 | $350,355 |
| Total liabilities | $1,095,758 |
| Net assets without donor restrictions | $12,444,815 |
| Net assets with donor restrictions | $3,156 |
| 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 | $13,543,729 |