Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $97,377

• 1d · Related organizations

  $1,900,000

• 1f · All other contributions, gifts and grants

  $304,524

• 2a · Program service revenue: MANAGEMENT FEE REVENUE

  total $6,404,443 · related or exempt $6,404,443

• 3 · Investment income

  total $224,579 · excluded $224,579

• 7a · Gross sales of assets other than inventory

  securities $1,591,711

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

  securities $1,267,829

• 7c · Gain or loss

  securities $323,882

• 7d · Net gain or loss

  total $323,882 · excluded $323,882

• 8a · Fundraising events: gross income

  $348

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

  $97,377

• 8b · Fundraising events: direct expenses

  $10,702

• 8c · Net income from fundraising events

  total -$10,354 · excluded -$10,354

• 11a · Other revenue: MISCELLANEOUS

  total $5,733 · excluded $5,733

• 11e · Other revenue, total

  $5,733

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,200,591 · program services $2,200,591

• 2 · Grants to domestic individuals

  total $37,765 · program services $37,765

• 5 · Compensation of officers, directors and key employees

  total $1,059,166 · program services $1,059,166

• 7 · Other salaries and wages

  total $3,482,474 · program services $3,213,075 · fundraising $269,399

• 8 · Pension plan contributions

  total $105,639 · program services $105,639

• 9 · Other employee benefits

  total $354,386 · program services $354,386

• 10 · Payroll taxes

  total $19,594 · program services $19,594

• 11b · Fees: legal

  total $7,476 · program services $7,476

• 11c · Fees: accounting

  total $31,569 · program services $17,013 · fundraising $14,556

• 11f · Fees: investment management

  total $47,896 · program services $15,612 · fundraising $32,284

• 11g · Fees: other

  total $696,048 · program services $622,987 · fundraising $73,061

• 12 · Advertising and promotion

  total $265,654 · program services $265,654

• 13 · Office expenses

  total $296,866 · program services $286,595 · fundraising $10,271

• 14 · Information technology

  total $90,802 · program services $90,802

• 17 · Travel

  total $124,672 · program services $122,475 · fundraising $2,197

• 19 · Conferences, conventions and meetings

  total $64,951 · program services $57,830 · fundraising $7,121

• 22 · Depreciation, depletion and amortization

  total $62,602 · program services $62,602

• 23 · Insurance

  total $30,881 · program services $30,881

• 24a · Other expenses: EQUIPMENT RENTAL & REPA

  total $1,195,716 · program services $1,195,716

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $33,003 · program services $33,003

• 24c · Other expenses: MISCELLANEOUS

  total $15,182 · program services $15,182

• 24d · Other expenses: FOOD

  total $1,384 · program services $1,384

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $106,576 · end of year $235,307

• 4 · Accounts receivable

  beginning of year $48,065 · end of year $13,667

• 8 · Inventories for sale or use

  beginning of year $16,822 · end of year $19,028

• 9 · Prepaid expenses and deferred charges

  beginning of year $152,460 · end of year $195,538

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

  $761,643

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

  $308,575

• 10c · Land, buildings and equipment, net

  beginning of year $350,014 · end of year $453,068

• 11 · Investments: publicly traded securities

  beginning of year $7,740,292 · end of year $8,646,063

• 15 · Other assets

  beginning of year $5,922,794 · end of year $12,617,467

• 17 · Accounts payable and accrued expenses

  beginning of year $766,526 · end of year $1,534,125

• 19 · Deferred revenue

  end of year $17,858

• 25 · Other liabilities

  beginning of year $1,249,709 · end of year $8,818,775

• 27 · Net assets without donor restrictions

  beginning of year $10,653,107 · end of year $9,990,988

• 28 · Net assets with donor restrictions

  beginning of year $1,667,681 · end of year $1,818,392

The filer's explanations (Part III)

PART I, LINES 4A-B

A SEPARATION AGREEMENT OF $72,000 WAS MADE TO A FORMER EMPLOYEE OF THE ORGANIZATION.

Disregarded entities

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

• SAINT THERESE FOUNDATION LLC

  FUNDRAISING · MN · income $299,153 · assets $8,983,422

  Directly controlled by SAINT THERESE

• SAINT THERESE MANAGEMENT SERVICES LLC

  MANAGEMENT SERVICES · MN · income $6,417,303 · assets $859,619

  Directly controlled by SAINT THERESE