Mount Saint Benedict Foundation: Nonprofit Profile, Financials & Form 990 (EIN 41-1813425)

Revenue by fiscal year
FY2021	$1.5M
FY2022	$5.8M
FY2023	$1.1M
FY2024	$3K

Expenses by fiscal year
FY2021	$546K
FY2022	$709K
FY2023	$13.7M
FY2024	$337K

Net assets by fiscal year
FY2021	$15.2M
FY2022	$12.9M
FY2023	$334K
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $336K Management & general 0% · $1K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Sister Jane Becker

President

$0Pt VII · Sec A

Sister Myra Schmieg

Treasurer

$0Pt VII · Sec A

Dan Olson

Board Member

$0Pt VII · Sec A

Kevin Yaggie

Board Member

$0Pt VII · Sec A

Jack Robertson

Board Member

$0Pt VII · Sec A

Sister Kathy Kuchar

Secretary

$0Pt VII · Sec A

Sister Anita Whalen

Board Member

$0Pt VII · Sec A

Suzanne Nelson

Board Member

$0Pt VII · Sec A

See Mount Saint Benedict Foundation executive salaries →

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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 15aNo

Programs and updates

Supports the Sisters of St. Benedict and similar projects financially.

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Provided by the organization

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1 program · $336K · in their own filed words · FY2023

01

The purpose of the foundation is primarily to raise funds for the benefit of sisters of ST. Benedict of crookston and its affiliates.

$336Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 30 grants · $14.7M · 2020–2023

Sisters of St Benedict of CrookstonMN · FY2023$335,584

The Diocese of Crookston Catholic Community FoundationMN · FY2022$7,600,500

Sisters of St Benedict of CrookstonMN · FY2022$2,683,669

Villa St VincentMN · FY2022$2,641,820

Diocese of CrookstonMN · FY2022$113,000

St Mary's Mission SchoolFY2022$88,000

St Josephs ChurchMN · FY2022$50,000

St Michael Church of MahnomenMN · FY2022$50,000

Sacred Heart FoundationMN · FY2022$30,000

Assumption Abbey INCND · FY2022$20,636

Care & Share of Crookston INCMN · FY2022$12,980

Villa St VincentMN · FY2021$150,000

Sisters of St Benedict of CrookstonMN · FY2021$150,000

Sacred Heart FoundationMN · FY2021$64,787

Diocese of CrookstonMN · FY2021$60,000

Sacred Heart FoundationMN · FY2021$40,000

St Bernards ChurchMN · FY2021$40,000

St Mary's Mission SchoolFY2021$40,000

See all 30 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3K

Ln 12

Investment incomeLn 3$2K

Gifts and grantsLn 1h$972

Money outPt IX

$337K

Ln 25

Programscol B$336K

Managementcol C$1K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$972

Investment incomeLn 3$2K

Total revenueLn 12$3K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$433K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$433K	$0
LiabilitiesLn 26	$99K	$0
Net assetsLn 32	$334K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$336K	$336K
Other salaries and wagesLn 7	$225		$225
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$10		$10
Total functional expensesLn 25	$337K	$336K	$1K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$3K	$337K	−$334K	$0	990 PDF
FY2023	$1.1M	$13.7M	−$12.6M	$334K	990 PDF
FY2022	$5.8M	$709K	$5.1M	$12.9M	990 PDF
FY2021	$1.5M	$546K	$1.0M	$15.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $2,890 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $138,090$972

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $967,791$1,918

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,105,881$2,890

I-13 Grants and similar amounts paidPrior year $13,522,416$335,584

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $70,207$225

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $73,980$1,030

I-18 Total expensesPrior year $13,666,603$336,839

I-19 Revenue less expensesPrior year −$12,560,722−$333,949

Part VI · Governance 10 of 10 board members independent, 2 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $2,890 across 4 lines filed

VIII-1f All other contributions, gifts and grants$972

VIII-1h Total contributions, gifts and grants$972

VIII-3 Investment incomeExcluded from tax $1,918$1,918

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,918$2,890

Part IX · Statement of functional expenses $336,839 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $335,584$335,584

IX-7 Other salaries and wagesManagement $225$225

IX-12 Advertising and promotionManagement $1,020$1,020

IX-13 Office expensesManagement $10$10

IX-25 Total functional expensesPrograms $335,584 · Management $1,255 · Fundraising $0$336,839

Part X · Balance sheet $0 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $111,808$0

X-2 Savings and temporary cash investmentsStart of year $320,753$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $432,561$0

X-25 Other liabilitiesStart of year $98,612$0

X-26 Total liabilitiesStart of year $98,612$0

X-27 Net assets without donor restrictionsStart of year $183,316$0

X-28 Net assets with donor restrictionsStart of year $150,633$0

X-32 Total net assets or fund balancesStart of year $333,949$0

X-33 Total liabilities and net assetsStart of year $432,561$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$2,890

XI-2 Total expenses$336,839

XI-3 Revenue less expenses−$333,949

XI-4 Net assets at start of year$333,949

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mount Saint Benedict Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mount Saint Benedict Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV