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← LITTLE SISTERS OF THE POOR CHICAGO PROVINCE INC

Form 990 for tax year 2022

Filed by LITTLE SISTERS OF THE POOR CHICAGO PROVINCE INC.

Totals

Total revenue
$916,891
Total expenses
$517,980
Contributions and grants received
$623,258
Grants paid
$0
Program service revenue
$0
Investment income
$294,114
Other revenue
-$481
Total assets, end of year
$41,041,943
Total liabilities, end of year
$78,787
Net assets or fund balances, end of year
$40,963,156
Program services expenses (Part IX)
$439,440
Management and general expenses
$78,540
Fundraising expenses
$0
Program service expenses (Part III)
$439,440

Program services were 84.8% 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.

  • 1f · All other contributions, gifts and grants

    $623,258

  • 3 · Investment income

    total $205,781 · excluded $205,781

  • 7a · Gross sales of assets other than inventory

    securities $610,382 · other assets $71,333

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

    securities $593,382

  • 7c · Gain or loss

    securities $17,000 · other assets $71,333

  • 7d · Net gain or loss

    total $88,333 · excluded $88,333

  • 11a · Other revenue: DECR. IN CASH SURRENDER VALUE

    total -$481 · excluded -$481

  • 11e · Other revenue, total

    -$481

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $45,157 · program services $45,157

  • 11c · Fees: accounting

    total $54,750 · program services $32,850 · management and general $21,900

  • 11f · Fees: investment management

    total $42,778 · program services $42,778

  • 11g · Fees: other

    total $40,000 · program services $40,000

  • 13 · Office expenses

    total $31,277 · program services $19,269 · management and general $12,008

  • 14 · Information technology

    total $6,697 · management and general $6,697

  • 16 · Occupancy

    total $10,860 · management and general $10,860

  • 17 · Travel

    total $42,299 · program services $21,149 · management and general $21,150

  • 22 · Depreciation, depletion and amortization

    total $2,958 · management and general $2,958

  • 24a · Other expenses: SISTERS' MEDICAL AND PERS

    total $149,393 · program services $149,393

  • 24b · Other expenses: RELIGIOUS FORMATION

    total $84,000 · program services $84,000

  • 24c · Other expenses: BOOKS, SUBS AND DUES

    total $7,340 · program services $4,844 · management and general $2,496

  • 24d · Other expenses: LICENSES AND FEES

    total $471 · management and general $471

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $561,886 · end of year $1,055,561

  • 2 · Savings and temporary cash investments

    beginning of year $729,534 · end of year $1,064,911

  • 7 · Other notes and loans receivable

    beginning of year $24,350,000 · end of year $27,850,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,000 · end of year $26,000

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

    $127,250

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

    $105,881

  • 10c · Land, buildings and equipment, net

    beginning of year $24,327 · end of year $21,369

  • 11 · Investments: publicly traded securities

    beginning of year $16,192,221 · end of year $10,961,786

  • 15 · Other assets

    beginning of year $62,798 · end of year $62,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,151 · end of year $78,787

  • 27 · Net assets without donor restrictions

    beginning of year $41,644,817 · end of year $40,875,325

  • 28 · Net assets with donor restrictions

    beginning of year $262,798 · end of year $87,831

Mission and programs · 2022

Mission

THE LITTLE SISTERS OF THE POOR CHICAGO PROVINCE IS ONE OF THREE PROVINCES IN THE UNITED STATES THAT PROVIDE FINANCIAL ASSISTANCE FOR THE HOMES WITHIN ITS TERRITORY. THE PROVINCE OVERSEES THE HOMES THAT ARE PART OF THE INTERNATIONAL CONGREGATION OF THE LITTLE SISTERS OF THE POOR, WHICH WAS FOUNDED IN FRANCE IN 1839 AND SERVES THE ELDERLY IN 32 COUNTRIES.

  • PARTIAL SUPPORT OF SISTERS' PERSONAL NEEDS.

    Expenses $254,542

  • ONGOING CONSTRUCTION AND RENOVATION OF HOMES TO CARE FOR THE ELDERLY POOR; ADMINISTRATION OF INVESTMENTS & INSURANCE PLANS FBO EMPLOYEES OF ALL LITTLE SISTERS OF THE POOR HOMES FOR THE ELDERLY.

    Expenses $184,898

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sr Julie Marie Horseman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    56

  • Sr Therese Minerich

    SECRETARY

    Total calculated
    $0
    Hours/week
    56

  • Sr Mary Sylvia Karl

    TREASURER

    Total calculated
    $0
    Hours/week
    56

  • Sr Gemma Alessi

    VICE-TREASUR

    Total calculated
    $0
    Hours/week
    56

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 September 2023
IRS schema version
2022v5.0
Source object
202342849349301009

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