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← BENEDICTINE FOUNDATION

Form 990 for tax year 2023

Filed by BENEDICTINE FOUNDATION.

Totals

Total revenue
$6,302,262
Total expenses
$3,654,815
Contributions and grants received
$3,812,856
Grants paid
$3,492,569
Program service revenue
$2,033,651
Investment income
$461,431
Other revenue
-$5,676
Total assets, end of year
$23,112,402
Total liabilities, end of year
$367,397
Net assets or fund balances, end of year
$22,745,005
Program services expenses (Part IX)
$3,802,009
Management and general expenses
-$350,646
Fundraising expenses
$203,452
Program service expenses (Part III)
$3,802,009

Program services were 104.0% 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

    $120,313

  • 1d · Related organizations

    $1,797,546

  • 1f · All other contributions, gifts and grants

    $1,894,997

  • 1g · Noncash contributions included above

    $23,795

  • 2a · Program service revenue: SUPPORT REVENUE

    total $2,033,651 · related or exempt $2,033,651

  • 3 · Investment income

    total $390,773 · excluded $390,773

  • 7a · Gross sales of assets other than inventory

    securities $3,175,679

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

    securities $3,105,021

  • 7c · Gain or loss

    securities $70,658

  • 7d · Net gain or loss

    total $70,658 · excluded $70,658

  • 8a · Fundraising events: gross income

    $52,428

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

    $120,313

  • 8b · Fundraising events: direct expenses

    $58,104

  • 8c · Net income from fundraising events

    total -$5,676 · excluded -$5,676

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,492,569 · program services $3,492,569

  • 11b · Fees: legal

    total $1,679 · management and general $1,679

  • 11c · Fees: accounting

    total $21,541 · management and general $21,541

  • 11g · Fees: other

    total -$413,628 · management and general -$522,421 · fundraising $108,793

  • 12 · Advertising and promotion

    total $5,094 · program services $1,149 · management and general $2,436 · fundraising $1,509

  • 13 · Office expenses

    total $328,234 · program services $258,811 · management and general $41,241 · fundraising $28,182

  • 17 · Travel

    total $16,900 · program services $3,813 · management and general $8,081 · fundraising $5,006

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $186,313 · program services $42,032 · management and general $89,092 · fundraising $55,189

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $9,786 · program services $2,208 · management and general $4,679 · fundraising $2,899

  • 24c · Other expenses: BANK FEES

    total $5,533 · program services $1,248 · management and general $2,646 · fundraising $1,639

  • 24d · Other expenses: TRAINING

    total $794 · program services $179 · management and general $380 · fundraising $235

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,971,945 · end of year $6,845,863

  • 2 · Savings and temporary cash investments

    beginning of year $229,979 · end of year $1,319,593

  • 3 · Pledges and grants receivable

    beginning of year $22,596 · end of year $11,400

  • 11 · Investments: publicly traded securities

    beginning of year $9,823,951 · end of year $14,195,907

  • 15 · Other assets

    beginning of year $668,109 · end of year $739,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,462 · end of year $367,397

  • 27 · Net assets without donor restrictions

    beginning of year $3,477,708 · end of year $2,864,512

  • 28 · Net assets with donor restrictions

    beginning of year $15,168,410 · end of year $19,880,493

Mission and programs · 2023

Mission

THE BENEDICTINE FOUNDATION (FORMERLY BENEDICTINE HEALTH SYSTEM FOUNDATION) WAS ESTABLISHED TO COORDINATE, ENCOURAGE, MOTIVATE AND SUPPORT THE FUND DEVELOPMENT ACTIVITY EFFORT WITHIN BENEDICTINE HEALTH SYSTEM AND ITS SUPPORTED ORGANIZATIONS.

Activities or mission (Part I)

COORDINATE, ENCOURAGE, MOTIVATE AND SUPPORT THE FUND DEVELOPMENT ACTIVITY EFFORT WITHIN BHS

  • BENEDICTINE HEALTH SYSTEM (BENENDICTINE) IS A CATHOLIC, FAITH-BASED ORGANIZATION ENTRUSTED WITH ADVANCING THE LIFE-ENHANCING SENIOR CARE MINISTRY OF BENEDICTINE SISTERS OF DULUTH, MINNESOTA. WE WITNESS TO GOD'S LOVE BY CREATING INCLUSIVE COMMUNITIES, SUPPORTING THOSE WE SERVE TO LIVE WELL AND WITH PURPOSE, WITH SPECIAL CONCERN FOR THE UNDERSERVED.BENEDICTINE FOUNDATION WAS ESTABLISHED TO COORDINATE, ENCOURAGE, MOTIVATE AND SUPPORT THE FUND DEVELOPMENT EFFORTS WITHIN BENEDICTINE AND ITS SUPPORTED ORGANIZAITONS THROUGH ASSOCIATED FOUNDATIONS AND TO OVERSEE THE OPTIMAL INVESTMENT AND MANAGEMENT OF ASSOCIATED FOUNDATIONS' FUNDS.THE BENEDICTINE FOUNDATION CONSISTS OF 24 ASSOCIATED FOUNDATIONS, INCLUDING:VILLA ST. BENEDICT FOUNDATION, LISLE, ILBENEDICTINE FOUNDATION-ADA, MNBENEDICTINE FOUNDATION-CROOKSTON, MNBENEDICTINE FOUNDATION-DULUTH, MNBENEDICTINE FOUNDATION-MINNEAPOLIS, MNBENEDICTINE FOUNDATION-NEW BRIGHTON, MNBENEDICTINE FOUNDATION-OWATONNA, MNBENEDICTINE FOUNDATION-RED WING, MNBENEDICTINE FOUNDATION-ROCHESTER, MNBENEDICTINE FOUNDATION-SHAKOPEE, MNBENEDICTINE FOUNDATION-ST. PETER, MNBENEDICTINE FOUNDATION-WINONA, MNCERENITY FOUNDATION, MNCERENITY - HUMBOLDT FOUNDATION, MNCERENITY - MARIAN OF ST. PAUL FOUNDATION, MNCERENITY - WHITE BEAR LAKE FOUNDATION, MNBENEDICTINE FOUNDATION-ST. JOSEPH, MONAZARETH LIVING CENTER FOUNDATION, MOBENEDICTINE FOUNDATION-BISMARCK, NDBENEDICTINE FOUNDATION-DICKINSON, NDBENEDICTINE FOUNDATION-ELLENDALE, NDBENEDICTINE FOUNDATION-GARRISON, NDBENEDICTINE FOUNDATION-LAMOURE, NDBENEDICTINE FOUNDATION-WAHPETON, ND

    Expenses $3,802,009 · Grants $3,492,569 · Revenue $2,033,651

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jerry Carley

    CEO OF BHS

    Total calculated
    $829,117
    From this org
    $0
    From related orgs
    $667,942
    Other
    $161,175
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $552,140 related
    Bonus
    $0
    Other
    $0 + $115,802 related
    Deferred
    $0 + $137,098 related
    Nontaxable benefits
    $0 + $24,077 related
    Filer's total
    $0 + $829,117 related

  • Kevin Rymanowski

    CFO OF BHS/TREASURER

    Total calculated
    $445,274
    From this org
    $0
    From related orgs
    $412,129
    Other
    $33,145
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,952 related
    Bonus
    $0
    Other
    $0 + $54,177 related
    Deferred
    $0 + $15,021 related
    Nontaxable benefits
    $0 + $18,124 related
    Filer's total
    $0 + $445,274 related

  • Kathey Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Nett

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Greff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leonard Essig

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Judie Kanten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Tanner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sr Doreen King Osb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Bennefeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Hennen

    PRESIDENT

    Total calculated
    $307,484
    From this org
    $0
    From related orgs
    $258,077
    Other
    $49,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $199,335 related
    Bonus
    $0
    Other
    $0 + $58,742 related
    Deferred
    $0 + $40,270 related
    Nontaxable benefits
    $0 + $9,137 related
    Filer's total
    $0 + $307,484 related

  • Tracy Lehn

    DIRECTOR, PHILANTHROPY SERVICES

    Total calculated
    $140,629
    From this org
    $0
    From related orgs
    $133,522
    Other
    $7,107
    Hours/week
    32

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
BENEDICTINE HEALTH SYSTEM'S (EIN: 41-1531892) CEO AND CFO, JERRY CARLEY AND KEVIN RYMANOWSKI, SHARE THEIR TIME BETWEEN THE REPORTING ORGANIZATION AND RELATED ORGANIZATIONS. THE CEO IS COMPENSATED BY BENEDICTINE HEALTH SYSTEM, A RELATED ORGANIZATION. THIS ORGANIZATION USES THE FOLLOWING TO SET CEO/ ADMINISTRATIVE COMPENSATIONS: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BENEDICTINE GROUP SELF-INSURANCE ASSOCIATION

    S · WORKERS' COMPENSATION PROGRAM · MN

Provenance

Return type
form_990
Tax year
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202501209349300735

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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