Saint Therese FY2022 filing

Tax-deductible

St Louis Park, MN501(c)(3)Since 1991Foundations & GrantmakersEIN 41-1704381

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Providing fundraising, planning, and other support to affiliated organizations.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.1M a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $57K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.3M
+127% vs prior year
Spent
$9.0M
To programs
97%
Net assets
$16.4M
By yearFY2020–FY2024
Revenue
$15.3M
FY2022▲ +127%
Revenue by fiscal year
FY2020$14.6M
FY2021$6.7M
FY2022$15.3M
FY2023$6.1M
FY2024$9.3M
FY2024$15.2M
Expenses
$9.0M
FY2022▲ +67%
Expenses by fiscal year
FY2020$5.5M
FY2021$5.4M
FY2022$9.0M
FY2023$11.2M
FY2024$10.2M
FY2024$9.5M
Net assets
$16.4M
FY2022▲ +35%
Net assets by fiscal year
FY2020$9.5M
FY2021$12.1M
FY2022$16.4M
FY2023$12.3M
FY2024$11.8M
FY2024$32.2M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $8.7M Fundraising 3% · $308K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO
$426,050Pt VII · Sec A
$275,110Pt VII · Sec A
Chief HR Officer
$266,107Pt VII · Sec A
VP of Philanthropy
$143,644Pt VII · Sec A
Director of Employee Benefits
$115,919Pt VII · Sec A
VP of Clinical Operations
$114,178Pt VII · Sec A
Director of Revenue
$112,400Pt VII · Sec A
Director
$0Pt VII · Sec A

Craig Abbott’s $674K as President and CEO is at the 97th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Craig Abbott$673,612$613,567$285,233——
Barb Rode——$415,462$426,050$350,191
Calvin Shelangoski$370,667$333,651$312,662$275,110$246,212
Lisa Kalla$365,590$330,907$336,641——
Kym Fisher——$291,702$266,107—
Kym L Fisher$264,553$281,351———
Joshua Anderson$226,275$195,514$187,994——
Jeffery Thorne————$218,715

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers fundraising, planning, and support to affiliated groups.

Provided by the organization

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2 program services account for $8.7M of program spending, described in the organization's own filed words · FY2021.
01

Saint therese is a nonprofit faith-based organization that has focused on the well-being of individuals since it opened in 1968. We provide secure, stress-free living and the very best in senior care and housing with a commitment to each individual.

$6.5Mprogram expense
02

Saint therese is a nonprofit faith-based organization that has focused on the well-being of individuals since it opened in 1968. We provide secure, stress-free living and the very best in senior care and housing with a commitment to each individual.

$2.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$57K
Grants paid · 18 grants · $9.6M · 2019–2024
Unitemized GrantFY2024$18,416
Macphail Center for MusicMN · FY2024$12,020
Saint Therese CommunitiesMN · FY2023$2,029,894
Saint Therese of New HopeMN · FY2023$124,413
Unitemized GrantFY2023$37,765
Saint Therese CommunitiesMN · FY2022$4,698,839
Saint Therese of New HopeMN · FY2022$90,752
Unitemized GrantFY2022$23,930
Saint Therese CommunitiesMN · FY2021$2,083,480
Saint Therese of New HopeMN · FY2021$55,460
Unitemized GrantFY2021$14,346
Saint Therese CommunitiesMN · FY2020$121,022
Saint Therese of New HopeMN · FY2020$97,544
Saint Therese of New HopeMN · FY2019$70,469
Saint Therese CommunitiesMN · FY2019$66,149

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$15.3M
Ln 12
Gifts and grantsLn 1h$10.1M
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$522K
Money outPt IX
$9.0M
Ln 25
Programscol B$8.7M
Fundraisingcol D$308K
Owns and owesPt X
$16.4M
net assets · Ln 32
Cash and savingsLn 1–2$335K
Total assetsLn 16$17.5M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Government grantsLn 1e$528K
Fundraising eventsLn 1c$89K
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$522K
Other incomeLn 4–11$507
Gains on assetsLn 7$198K
Total revenueLn 12$15.3M
Assets in detailPt X, end of year
CashLn 1$335K
Cash and savings togetherLn 1–2$335K
InvestmentsLn 11–13$12.9M
Land, buildings, equipmentLn 10c$100K
Other assetsLn 15$4.0M
Total assetsLn 16$17.5M
LiabilitiesLn 26$1.2M
Net assetsLn 32$16.4M
OperationsPt I, VI
EmployeesI 551
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$749K$335K
InvestmentsLn 11–13$13.2M$12.9M
Land, buildings, equipmentLn 10c$143K$100K
Total assetsLn 16$14.5M$17.5M
LiabilitiesLn 26$2.4M$1.2M
Net assetsLn 32$12.1M$16.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.2M$2.2M
Grants to domestic individualsLn 2$14K$14K
Pay of current officers, directors and key staffLn 5$701K$701K
Other salaries and wagesLn 7$3.4M$3.2M$204K
Pension plan contributionsLn 8$63K$63K
Other employee benefitsLn 9$249K$249K
Payroll taxesLn 10$14K$14K
Legal feesLn 11b$85K$85K
Accounting feesLn 11c$105K$105K
Investment management feesLn 11f$71K$15K$55K
Other fees for servicesLn 11g$737K$707K$30K
Advertising and promotionLn 12$197K$197K
Office expensesLn 13$188K$172K$16K
Information technologyLn 14$105K$105K
TravelLn 17$28K$28K$24
Conferences, conventions and meetingsLn 19$31K$29K$2K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$73K$73K
Other expenses (24a–d)Ln 24$799K$799K$534
Total functional expensesLn 25$9.0M$8.7M$0$308K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.3M$10.2M−$974K$11.8M 990 PDF
FY2023 $6.1M$11.2M−$5.1M$12.3M 990 PDF
FY2022 Viewing $15.3M$9.0M$6.3M$16.4M 990 PDF
FY2021 $6.7M$5.4M$1.3M$12.1M 990 PDF
FY2020 $14.6M$5.5M$9.2M$9.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $15,274,475 across 11 lines filed
VIII-1c Fundraising events$88,880
VIII-1d Related organizations$9,300,000
VIII-1e Government grants$528,439
VIII-1f All other contributions, gifts and grants$160,194
VIII-1h Total contributions, gifts and grants$10,077,513
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,674,238$4,674,238
VIII-3 Investment incomeExcluded from tax $324,084$324,084
VIII-7 Net gain or loss on sales of assetsExcluded from tax $198,133$198,133
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $507$507
VIII-12 Total revenueRelated to mission $4,674,238 · Unrelated business $0 · Excluded from tax $522,724$15,274,475
Part IX · Statement of functional expenses $8,995,214 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $2,157,786$2,157,786
IX-2 Grants to domestic individualsPrograms $14,346$14,346
IX-5 Pay of current officers, directors and key staffPrograms $701,160$701,160
IX-7 Other salaries and wagesPrograms $3,168,839 · Fundraising $204,065$3,372,904
IX-8 Pension plan contributionsPrograms $62,901$62,901
IX-9 Other employee benefitsPrograms $249,124$249,124
IX-10 Payroll taxesPrograms $13,510$13,510
IX-11b Legal feesPrograms $84,681$84,681
IX-11c Accounting feesPrograms $104,816$104,816
IX-11f Investment management feesPrograms $15,305 · Fundraising $55,423$70,728
IX-11g Other fees for servicesPrograms $707,458 · Fundraising $29,866$737,324
IX-12 Advertising and promotionPrograms $197,488$197,488
IX-13 Office expensesPrograms $172,206 · Fundraising $15,928$188,134
IX-14 Information technologyPrograms $104,921$104,921
IX-17 TravelPrograms $27,890 · Fundraising $24$27,914
IX-19 Conferences, conventions and meetingsPrograms $28,990 · Fundraising $2,240$31,230
IX-20 InterestPrograms $4,108$4,108
IX-22 Depreciation, depletion and amortizationPrograms $72,818$72,818
IX-24 Other expenses (24a–d)Programs $798,787 · Fundraising $534$799,321
IX-25 Total functional expensesPrograms $8,687,134 · Management $0 · Fundraising $308,080$8,995,214
Part X · Balance sheet $17,546,559 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $749,257$334,515
X-8 Inventories for sale or useStart of year $6,301$3,699
X-9 Prepaid expenses and deferred chargesStart of year $130,676$166,551
X-10c Land, buildings and equipment, netStart of year $143,288$99,749
X-11 Publicly traded securitiesStart of year $13,161,187$12,939,713
X-15 Other assetsStart of year $288,242$4,002,332
X-16 Total assetsStart of year $14,478,951$17,546,559
X-17 Accounts payable and accrued expensesStart of year $379,134$1,187,276
X-19 Deferred revenueStart of year $555,365$0
X-25 Other liabilitiesStart of year $1,468,152$0
X-26 Total liabilitiesStart of year $2,402,651$1,187,276
X-27 Net assets without donor restrictionsStart of year $10,546,196$14,882,652
X-28 Net assets with donor restrictionsStart of year $1,530,104$1,476,631
X-32 Total net assets or fund balancesStart of year $12,076,300$16,359,283
X-33 Total liabilities and net assetsStart of year $14,478,951$17,546,559
Part XI · Reconciliation of net assets $16,359,283 net assets at year end
XI-1 Total revenue$15,274,475
XI-2 Total expenses$8,995,214
XI-3 Revenue less expenses$6,279,261
XI-4 Net assets at start of year$12,076,300
XI-5 Net unrealized gains (losses) on investments−$1,942,805
XI-9 Other changes in net assets−$53,473
XI-10 Net assets at end of year$16,359,283

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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