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Nonprofiteer
← ST TERESA MINISTRIES INC

Form 990 for tax year 2024

Filed by ST TERESA MINISTRIES INC.

Totals

Total revenue
$1,509,180
Total expenses
$982,690
Contributions and grants received
$4,018
Grants paid
$137,882
Program service revenue
$0
Investment income
$4,973
Other revenue
$1,500,189
Total assets, end of year
$2,225,035
Total liabilities, end of year
$12,108
Net assets or fund balances, end of year
$2,212,927
Program services expenses (Part IX)
$729,852
Management and general expenses
$252,838
Fundraising expenses
$0
Program service expenses (Part III)
$729,852

Program services were 74.3% 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

    $4,018

  • 3 · Investment income

    total $4,973 · related or exempt $4,973

  • 10a · Gross sales of inventory

    $1,530,632

  • 10b · Cost of goods sold

    $30,443

  • 10c · Net income from sales of inventory

    total $1,500,189 · related or exempt $1,500,189

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $137,882 · program services $137,882

  • 7 · Other salaries and wages

    total $437,997 · program services $437,997

  • 9 · Other employee benefits

    total $26,613 · program services $25,555 · management and general $1,058

  • 10 · Payroll taxes

    total $2,362 · program services $2,362

  • 11b · Fees: legal

    total $3,150 · management and general $3,150

  • 11c · Fees: accounting

    total $7,566 · management and general $7,566

  • 11g · Fees: other

    total $16,547 · program services $16,547

  • 12 · Advertising and promotion

    total $14,928 · program services $14,928

  • 13 · Office expenses

    total $5,788 · program services $5,788

  • 14 · Information technology

    total $1,401 · program services $1,401

  • 16 · Occupancy

    total $239,308 · management and general $239,308

  • 19 · Conferences, conventions and meetings

    total $3,357 · program services $1,601 · management and general $1,756

  • 22 · Depreciation, depletion and amortization

    total $22,506 · program services $22,506

  • 23 · Insurance

    total $4,898 · program services $4,898

  • 24a · Other expenses: PAYROLL TAX

    total $33,927 · program services $33,927

  • 24b · Other expenses: CHARITABLE CONTRIBUTIONS

    total $9,949 · program services $9,949

  • 24c · Other expenses: STORE SUPPLIES

    total $8,183 · program services $8,183

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,880 · program services $1,880

  • 24e · All other expenses

    total $4,448 · program services $4,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,619 · end of year $753,201

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,000 · end of year $1,046,111

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

    $157,864

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

    $55,123

  • 10c · Land, buildings and equipment, net

    beginning of year $116,135 · end of year $102,741

  • 14 · Intangible assets

    beginning of year $300,000 · end of year $300,000

  • 15 · Other assets

    beginning of year $26,296 · end of year $22,982

  • 19 · Deferred revenue

    beginning of year $4,583 · end of year $3,645

  • 25 · Other liabilities

    beginning of year $6,486 · end of year $8,463

  • 27 · Net assets without donor restrictions

    beginning of year $1,680,981 · end of year $2,212,927

Mission and programs · 2024

Mission

ST. TERESA MINISTRIES BEGAN OPERATING IN MAY 2020.OUR MISSION IS TO PROVIDE FOOD, BASIC NECESSITIES, AND EMERGENCY SERVICES FOR LOW INCOME EARNERS AND THE ELDERLY BY USING STM THRIFT STORE ASSETS AND BY DEVELOPING AND ENHANCING COMMUNITY PARTNERSHIPS. WE BELIEVE THAT WE HAVE A PURPOSE AS A NONPROFIT CATHOLIC ORGANIZATION TO HELP THOSE IN OUR COMMUNITY WITH THEIR NEEDS IN VARIOUS WAYS. WE LOOK FORWARD TO THE FUTURE OF OUR ORGANIZATION AS THE HOLY SPIRIT GUIDES US TO BE THE HANDS AND FEET OF JESUS CHRIST, IN BOWLING GREEN, KENTUCKY.

  • ST. TERESA MINISTRIES HAVE HAD A PRODUCTIVE 2024 WITH OUR TIME, TALENT, AND TREASURE. WE ARE BLESSED TO BE ABLE TO HAVE HELPED MANY INDIVIDUALS AND FAMILIES DURING THIS PAST YEAR. WE CONTINUE TO OPERATE THE ST. TERESA'S THRIFT STORE IN BOWLING GREEN, KENTUCKY THAT HELPS PRODUCE FUNDS TO SUPPORT OUR MISSION AND VISION. OUR VISION IS TO SERVE THOSE IN NEED IN OUR COMMUNITY. OUR MISSION IS TO PROVIDE FOOD, BASIC NECESSITIES, AND EMERGENCY SERVICES FOR LOW-INCOME EARNERS AND THE ELDERLY BY USING THRIFT STORE ASSETS AND BY DEVELOPING AND ENHANCING COMMUNITY PARTNERSHIPS. DURING 2024 WE WERE ABLE TO GIVE BACK TO THE COMMUNITY TO ST. GIANNA CRISIS PREGNANCY CENTER, GOOD SAMARITAN'S,DOWN SYNDROME OF SOKY AND BOTH THE LOCAL PARISHES' FOOD PANTRIES. WE CONTINUE TO SUPPORT THE ST. JOSEPH SVDP FOOD PANTRY AND THE HOLY SPIRIT SVD FOOD PANTRY WHO ALSO HELP WITH UTILITY BILLS AND EMERGENCIES. THE ST. JOSEPH CONFERNECE OF ST. VINCENT DE PAUL FOOD PANTRY REPORTS: DISTRIBUTED CARTS OF FOOD TO OUR CLIENTS. PROVIDED UTILITY ASSISTANCE TO FAMILIES. OUR VOLUNTEERS CONTRIBUTED PERSON-HOURS OF THEIR TIME TO WORK. ONE-FOURTH OF THE PERSON-HOURS WERE CONTRIBUTED WHEN THE FOOD PANTRY IS OPEN. THE OTHER 75% WAS CONTRIBUTED WHILE ACQUIRING BREAD, FOOD, SOAP, ETC., FOR THE FOOD PANTRY. OUR VOLUNTEERS TRAVELED(UNREIMBURSED) TO PROVIDE SERVICES. WE CONTINUE TO SUPPORT OTHER COMMUNITY EFFORTS AND PROJECTS. OUR GOAL IS TO GROW OUR OUTREACH, COLLABORATE WITH COMMUNITY PARTNERS, AND BE ABLE TO BETTER SERVE THOSE WHO NEED US THE MOST, INCLUDING THE LOW-INCOME AND THE ELDERLY. WE FIND THAT DURING DIFFICULT TIMES, OUR COMMUNITY'S HEARTS ARE SOFTENED FOR THOSE IN NEED. WE APPRECIATE EACH DONATION AND KNOW THAT IT GOES TO SERVE OUR VISION FOR THIS COMMUNITY THAT WE LOVE.

    Expenses $729,852 · Grants $137,882

  • ST. TERESA MINISTRIES HAS HAD A PRODUCTIVE YEAR WITH OUR TIME, TALENT, AND TREASURE. WE ARE BLESSED TO BE ABLE TO HAVE HELPED MANY INDIVIDUALS AND FAMILIES DURING THIS PAST YEAR. WE CONTINUE TO OPERATE THE ST. TERESA'S THRIFT STORE IN BOWLING GREEN, KENTUCKY, THAT HELPS PRODUCE FUNDS TO SUPPORT OUR MISSION AND VISION. OUR VISION IS TO SERVE THOSE IN NEED IN OUR COMMUNITY. OUR MISSION IS TO PROVIDE FOOD, BASIC NECESSITIES, AND EMERGENCY SERVICES FOR LOW INCOME EARNERS AND THE ELDERLY BY USING THRIFT STORE ASSETS AND BY DEVELOPING AND ENHANCING COMMUNITY PARTNERSHIPS. WE CONTINUE TO SUPPORT THE ST. JOSEPH SVDP FOOD PANTRY AND THE HOLY SPIRIT SVD FOOD PANTRY WHO ALSO HELP WITH UTILITY BILLS AND EMERGENCIES. WE CONTINUE TO SUPPORT OTHER COMMUNITY EFFORTS AND PROJECTS. OUR GOAL IS TO GROW OUR OUTREACH, COLLABORATE WITH COMMUNITY PARTNERS, AND TO BE ABLE TO BETTER SERVE THOSE WHO NEED US THE MOST INCLUDING THE LOW INCOME EARNERS AND THE ELDERLY. WE FIND THAT DURING DIFFICULT TIMES, OUR COMMUNITY'S HEARTS ARE SOFTENED FOR THOSE IN NEED. WE APPRECIATE EACH DONATION AND KNOW THAT IT GOES TO SERVE OUR VISION FOR THIS COMMUNITY THAT WE LOVE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • OWEN HERNDON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CATHY BEARD

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • ELAINE MASON

    FOOD PANTRY

    Total calculated
    $0
    Hours/week
    1

  • PRISCILLA SCHWARTZ

    TREASURER/SE

    Total calculated
    $0
    Hours/week
    1

  • JOHN BRYCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE MEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ZO ANN FLYNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MISSY MONROE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIMMY STEWART

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2024
Filed
23 June 2025
IRS schema version
2024v5.0
Source object
202513059349300511

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