Form 990 for tax year 2022
Filed by LORETTO LITERARY & BENEVOLENT INSTITUTION.
Totals
- Total revenue
- $10,233,209
- Total expenses
- $10,345,682
- Contributions and grants received
- $5,572,156
- Grants paid
- $0
- Program service revenue
- $4,835,287
- Investment income
- -$174,234
- Other revenue
- $0
- Total assets, end of year
- $2,338,041
- Total liabilities, end of year
- $285,901
- Net assets or fund balances, end of year
- $2,052,140
- Program services expenses (Part IX)
- $9,387,371
- Management and general expenses
- $958,311
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,387,371
Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$5,539,388
-
1f · All other contributions, gifts and grants
$32,768
-
2a · Program service revenue: PATIENT SERVICES
total $3,701,203 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $1,134,084 · unrelated business $0 · excluded $0
-
3 · Investment income
total $15,040 · unrelated business $0 · excluded $15,040
-
7a · Gross sales of assets other than inventory
other assets -$189,274
-
7c · Gain or loss
other assets -$189,274
-
7d · Net gain or loss
total -$189,274 · related or exempt -$189,274 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $6,233,734 · program services $5,788,298 · management and general $445,436 · fundraising $0
-
8 · Pension plan contributions
total $151,042 · program services $140,243 · management and general $10,799 · fundraising $0
-
9 · Other employee benefits
total $1,228,342 · program services $1,140,515 · management and general $87,827 · fundraising $0
-
10 · Payroll taxes
total $470,244 · program services $436,622 · management and general $33,622 · fundraising $0
-
11c · Fees: accounting
total $20,748 · program services $0 · management and general $20,748 · fundraising $0
-
11g · Fees: other
total $163,079 · program services $95,996 · management and general $67,083 · fundraising $0
-
12 · Advertising and promotion
total $14,892 · program services $7,742 · management and general $7,150 · fundraising $0
-
13 · Office expenses
total $57,052 · program services $5,215 · management and general $51,837 · fundraising $0
-
14 · Information technology
total $63,700 · program services $49,528 · management and general $14,172 · fundraising $0
-
16 · Occupancy
total $501,666 · program services $391,175 · management and general $110,491 · fundraising $0
-
17 · Travel
total $37,898 · program services $37,898 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $12,541 · program services $5,852 · management and general $6,689 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $165,569 · program services $165,569 · management and general $0 · fundraising $0
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $294,928 · program services $294,928 · management and general $0 · fundraising $0
-
24b · Other expenses: HOUSEKEEPING EXPENSE
total $57,517 · program services $57,517 · management and general $0 · fundraising $0
-
24c · Other expenses: MEDICAL SUPPLIES
total $82,268 · program services $82,268 · management and general $0 · fundraising $0
-
24d · Other expenses: PHARMACY EXPENSE
total $77,128 · program services $77,128 · management and general $0 · fundraising $0
-
24e · All other expenses
total $713,334 · program services $610,877 · management and general $102,457 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $360,750 · end of year $190,604
-
2 · Savings and temporary cash investments
beginning of year $2,400 · end of year $0
-
4 · Accounts receivable
beginning of year $483,993 · end of year $460,055
-
10a · Land, buildings and equipment: cost or other basis
$5,129,594
-
10b · Land, buildings and equipment: accumulated depreciation
$3,450,629
-
10c · Land, buildings and equipment, net
beginning of year $1,715,674 · end of year $1,678,965
-
11 · Investments: publicly traded securities
beginning of year $1,146,232 · end of year $1,264
-
15 · Other assets
beginning of year $14,194 · end of year $7,153
-
17 · Accounts payable and accrued expenses
beginning of year $477,043 · end of year $254,243
-
19 · Deferred revenue
beginning of year $312,923 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $36,050 · end of year $30,900
-
25 · Other liabilities
beginning of year $45,059 · end of year $758
-
27 · Net assets without donor restrictions
beginning of year $1,804,178 · end of year $999,489
-
28 · Net assets with donor restrictions
beginning of year $1,047,990 · end of year $1,052,651
Mission and programs · 2022
Mission
THE LORETTO MOTHERHOUSE INFIRMARY IS A LICENSED LONG TERM CARE FACILITY, OWNED AND SPONSORED BY THE SISTERS OF LORETTO, PROVIDING THE HIGHEST STANDARD OF HOLISTIC CARE THAT PROMOTES COMFORT, SECURITY AND DIGNITY FOR ALL RESIDENTS.
-
TO PROVIDE CARE TO THE 49 RESIDENTS AT THE LORETTO MOTHERHOUSE INFIRMARY AND TO THE 33 RETIRED CATHOLIC PERSONNEL.
Expenses $9,387,371 · Revenue $4,646,013
As filed on the 2022 return.
Listed in Part VII
-
Barbara NicholasslBARBARA NICHOLASSL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Mary Margaret Murphy SlMARY MARGARET MURPHY SL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Sharon Kassing SlSHARON KASSING SL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cathy Mueller SlCATHY MUELLER SL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary Catherine Rabbitt SlMARY CATHERINE RABBITT SL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vicki Schwartz SlVICKI SCHWARTZ SL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349304612
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