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Nonprofiteer
← SAINT THERESE

Form 990 for tax year 2022

Filed by SAINT THERESE.

Totals

Total revenue
$6,101,837
Total expenses
$11,168,574
Contributions and grants received
$1,663,605
Grants paid
$4,814,251
Program service revenue
$4,801,490
Investment income
-$355,994
Other revenue
-$7,264
Total assets, end of year
$14,337,023
Total liabilities, end of year
$2,016,235
Net assets or fund balances, end of year
$12,320,788
Program services expenses (Part IX)
$10,894,042
Management and general expenses
$0
Fundraising expenses
$274,532
Program service expenses (Part III)
$10,894,042

Program services were 97.5% 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.

  • 1c · Fundraising events

    $100,436

  • 1d · Related organizations

    $1,200,000

  • 1f · All other contributions, gifts and grants

    $363,169

  • 2a · Program service revenue: MANAGEMENT FEE REVENUE

    total $4,801,490 · related or exempt $4,801,490

  • 3 · Investment income

    total $261,603 · excluded $261,603

  • 7a · Gross sales of assets other than inventory

    securities $7,852,828

  • 7b · Less cost or other basis and sales expenses

    securities $8,449,020 · other assets $21,405

  • 7c · Gain or loss

    securities -$596,192 · other assets -$21,405

  • 7d · Net gain or loss

    total -$617,597 · excluded -$617,597

  • 8a · Fundraising events: gross income

    $1,219

  • 8a · Fundraising events: contributions included on line 1c

    $100,436

  • 8b · Fundraising events: direct expenses

    $9,186

  • 8c · Net income from fundraising events

    total -$7,967 · excluded -$7,967

  • 11a · Other revenue: MISCELLANEOUS

    total $703 · excluded $703

  • 11e · Other revenue, total

    $703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,790,321 · program services $4,790,321

  • 2 · Grants to domestic individuals

    total $23,930 · program services $23,930

  • 5 · Compensation of officers, directors and key employees

    total $1,132,366 · program services $1,132,366

  • 7 · Other salaries and wages

    total $2,711,306 · program services $2,509,528 · fundraising $201,778

  • 8 · Pension plan contributions

    total $78,290 · program services $78,290

  • 9 · Other employee benefits

    total $276,919 · program services $276,919

  • 10 · Payroll taxes

    total $14,368 · program services $14,368

  • 11b · Fees: legal

    total $12,338 · program services $12,338

  • 11c · Fees: accounting

    total $29,166 · program services $16,402 · fundraising $12,764

  • 11f · Fees: investment management

    total $43,321 · program services $6,205 · fundraising $37,116

  • 11g · Fees: other

    total $419,077 · program services $407,399 · fundraising $11,678

  • 12 · Advertising and promotion

    total $193,924 · program services $193,924

  • 13 · Office expenses

    total $226,524 · program services $222,399 · fundraising $4,125

  • 14 · Information technology

    total $122,608 · program services $122,608

  • 17 · Travel

    total $64,860 · program services $63,298 · fundraising $1,562

  • 19 · Conferences, conventions and meetings

    total $46,923 · program services $41,414 · fundraising $5,509

  • 22 · Depreciation, depletion and amortization

    total $60,804 · program services $60,804

  • 23 · Insurance

    total $27,395 · program services $27,395

  • 24a · Other expenses: EQUIPMENT RENTAL & REPA

    total $812,827 · program services $812,827

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $56,933 · program services $56,933

  • 24c · Other expenses: MISCELLANEOUS

    total $22,346 · program services $22,346

  • 24d · Other expenses: FOOD

    total $2,028 · program services $2,028

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $334,515 · end of year $106,576

  • 4 · Accounts receivable

    end of year $48,065

  • 8 · Inventories for sale or use

    beginning of year $3,699 · end of year $16,822

  • 9 · Prepaid expenses and deferred charges

    beginning of year $166,551 · end of year $152,460

  • 10a · Land, buildings and equipment: cost or other basis

    $595,987

  • 10b · Land, buildings and equipment: accumulated depreciation

    $245,973

  • 10c · Land, buildings and equipment, net

    beginning of year $99,749 · end of year $350,014

  • 11 · Investments: publicly traded securities

    beginning of year $12,939,713 · end of year $7,740,292

  • 15 · Other assets

    beginning of year $4,002,332 · end of year $5,922,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,187,276 · end of year $766,526

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,249,709

  • 27 · Net assets without donor restrictions

    beginning of year $14,882,652 · end of year $10,653,107

  • 28 · Net assets with donor restrictions

    beginning of year $1,476,631 · end of year $1,667,681

Mission and programs · 2022

Mission

PROVIDING FUNDRAISING, PLANNING, AND OTHER SUPPORT TO AFFILIATED ORGANIZATIONS.

  • 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. SAINT THERESE OFFERS A TRUE CONTINUUM OF PROGRAMS AND SERVICES THAT ARE AVAILABLE IN YOUR OWN HOME OR IN ONE OF OUR COMMUNITY SETTINGS.THE OPERATIONS OF SAINT THERESE MANAGEMENT SERVICES, LLC INVOLVE PROVIDING CENTRAL MANAGEMENT FUNCTIONS TO SAINT THERESE AND ITS RELATED ORGANIZATIONS.

    Expenses $6,055,015 · Grants $2,713 · Revenue $4,801,490

  • 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. SAINT THERESE OFFERS A TRUE CONTINUUM OF PROGRAMS AND SERVICES THAT ARE AVAILABLE IN YOUR OWN HOME OR IN ONE OF OUR COMMUNITY SETTINGS.THE OPERATIONS OF SAINT THERESE FOUNDATION, LLC INVOLVE PLANNING AND HOSTING FUNDRAISING ACTIVITIES TO HELP SUPPORT THE FUNCTIONS OF SAINT THERESE AND ITS RELATED ORGANIZATIONS.

    Expenses $4,839,027 · Grants $4,811,538

As filed on the 2022 return.

Listed in Part VII

  • Patrick Taffe

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kathryn Wornson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Meads

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Caren Gaytko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Krenn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Hoffmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jane McCrossan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Horstmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barb Rode

    PRESIDENT AND CEO THRU MAY 2022

    Total calculated
    $422,834
    From this org
    $415,462
    From related orgs
    $0
    Other
    $7,372
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $167,048
    Bonus
    $116,249
    Other
    $132,165
    Deferred
    $0
    Nontaxable benefits
    $7,372
    Filer's total
    $422,834

  • Craig Abbott

    PRESIDENT AND CEO AS OF MAY 2022

    Total calculated
    $293,230
    From this org
    $285,233
    From related orgs
    $0
    Other
    $7,997
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $260,233
    Bonus
    $25,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,997
    Filer's total
    $293,230

  • Calvin Shelangoski

    CFO

    Total calculated
    $333,673
    From this org
    $312,662
    From related orgs
    $0
    Other
    $21,011
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $253,684
    Bonus
    $38,478
    Other
    $20,500
    Deferred
    $6,160
    Nontaxable benefits
    $14,851
    Filer's total
    $333,673

  • Kym Fisher

    CHIEF HR OFFICER

    Total calculated
    $307,218
    From this org
    $291,702
    From related orgs
    $0
    Other
    $15,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,202
    Bonus
    $58,500
    Other
    $0
    Deferred
    $6,927
    Nontaxable benefits
    $8,589
    Filer's total
    $307,218

  • Lisa Kalla

    COO

    Total calculated
    $354,936
    From this org
    $336,641
    From related orgs
    $0
    Other
    $18,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,141
    Bonus
    $67,500
    Other
    $0
    Deferred
    $3,444
    Nontaxable benefits
    $14,851
    Filer's total
    $354,936

  • Joshua Anderson

    VP OF ANCILLARY SERVICES

    Total calculated
    $203,675
    From this org
    $187,994
    From related orgs
    $0
    Other
    $15,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,994
    Bonus
    $10,000
    Other
    $0
    Deferred
    $830
    Nontaxable benefits
    $14,851
    Filer's total
    $203,675

  • Jessica Gier

    VP OF CLINICAL OPERATIONS & REIMBURSEMENT

    Total calculated
    $165,030
    From this org
    $163,599
    From related orgs
    $0
    Other
    $1,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,349
    Bonus
    $11,250
    Other
    $0
    Deferred
    $748
    Nontaxable benefits
    $683
    Filer's total
    $165,030

  • Dinah Martin Kmetz

    EXECUTIVE DIRECTOR PROJECT MANAGEMENT

    Total calculated
    $162,585
    From this org
    $143,435
    From related orgs
    $0
    Other
    $19,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,435
    Bonus
    $0
    Other
    $0
    Deferred
    $4,299
    Nontaxable benefits
    $14,851
    Filer's total
    $162,585

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SAINT THERESE OF NEW HOPE

    501(C)(3) · HOUSING & NURSING CARE FOR THE ELDERLY · MN · controlled entity

    Directly controlled by SAINT THERESE

  • SAINT THERESE COMMUNITIES

    501(C)(3) · HOUSING & NURSING CARE FOR THE ELDERLY · MN · controlled entity

    Directly controlled by SAINT THERESE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SAINT THERESE FOUNDATION LLC

    FUNDRAISING · MN · income $428,218 · assets $8,046,993

    Directly controlled by SAINT THERESE

  • SAINT THERESE MANAGEMENT SERVICES LLC

    MANAGEMENT SERVICES · MN · income $4,801,490 · assets $594,892

    Directly controlled by SAINT THERESE

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202421349349303112

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