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Glenmary Sisters Charitable Trust

Owensboro, KYUnknown exempt organization EIN 61-6218294Revenue $103K in FY2022Latest return filed Feb 16, 2023

On file with the IRSPo Box 22264 · Owensboro, KY

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The purpose of the Trust is to pay and provide for the care, maintenance and support of members of the home mission Sisters of america, INC. During their seniority and retirement and/or disability and Charitable works of the Glenmary Sisters.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $149K a year · 367% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$103K
×11 vs prior year
Spent
$554K
To programs
99%
Net assets
$0
By yearFY2020–FY2022
Revenue
$103K
FY2022▲ ×11
Tap a bar for its year
Revenue by fiscal year
FY2020$10K
FY2021$9K
FY2022$103K
Expenses
$554K
FY2022▲ ×53
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021$10K
FY2022$554K
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$540K
FY2021$651K
FY2022$0

From the FY2022 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $546K Management & general 1% · $8K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
John Kurtz
Director
$0Pt VII · Sec A
Amy Payne
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Glenmary Sisters Charitable Trust executive salaries →

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 retired and disabled Sisters, funding their care and charitable works.

Questions for Glenmary Sisters Charitable Trust

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1 program · $546K · in their own filed words · FY2022
01

Payments to home mission sisters of america, inc. For the care, maintenance and support of members in retirement or disability and charitable works of the glenmary sisters.

$546Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$103K
Ln 12
Investment incomeLn 3$103K
Money outPt IX
$554K
Ln 25
Programscol B$546K
Managementcol C$8K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$103K
Gains on assetsLn 7$97K
Total revenueLn 12$103K
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 endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$10K$0
InvestmentsLn 11–13$641K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$651K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$651K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$400$400
Other fees for servicesLn 11g$5K$5K
Payments to affiliatesLn 21$546K$546K
Total functional expensesLn 25$554K$546K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Feb 16, 2023 $103K$554K−$451K$0 990 PDF
FY2021Filed with the IRS Mar 16, 2022 $9K$10K−$1K$651K 990 PDF
FY2020Filed with the IRS Feb 23, 2021 $10K$6K$4K$540K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $102,958 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,180$102,958
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,180$102,958
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,383$553,744
I-18 Total expensesPrior year $10,383$553,744
I-19 Revenue less expensesPrior year −$1,203−$450,786
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $102,958 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $5,967$5,967
VIII-7 Net gain or loss on sales of assetsExcluded from tax $96,991$96,991
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $102,958$102,958
Part IX · Statement of functional expenses $553,744 across 4 lines filed
IX-11b Legal feesManagement $2,225$2,225
IX-11c Accounting feesManagement $400$400
IX-11g Other fees for servicesManagement $4,978$4,978
IX-21 Payments to affiliatesPrograms $546,141$546,141
IX-25 Total functional expensesPrograms $546,141 · Management $7,603 · Fundraising $0$553,744
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $9,958$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 securitiesStart of year $641,372$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 $651,330$0
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $651,330$0
X-32 Total net assets or fund balancesStart of year $651,330$0
X-33 Total liabilities and net assetsStart of year $651,330$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$102,958
XI-2 Total expenses$553,744
XI-3 Revenue less expenses−$450,786
XI-4 Net assets at start of year$651,330
XI-5 Net unrealized gains (losses) on investments−$200,544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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