Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $190,753

• 1f · All other contributions, gifts and grants

  $444,003

• 1g · Noncash contributions included above

  $3,778

• 2a · Program service revenue: MANAGEMENT FEE REVENUE

  total $5,740,212 · related or exempt $5,740,212

• 3 · Investment income

  total $582,881 · excluded $582,881

• 7a · Gross sales of assets other than inventory

  securities $22,700,817

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

  securities $14,806,422

• 7c · Gain or loss

  securities $7,894,395

• 7d · Net gain or loss

  total $7,894,395 · excluded $7,894,395

• 8a · Fundraising events: gross income

  $673

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

  $190,753

• 8b · Fundraising events: direct expenses

  $49,949

• 8c · Net income from fundraising events

  total -$49,276 · excluded -$49,276

• 11a · Other revenue: SUPPLEMENTAL STAFFING

  total $325,706 · excluded $325,706

• 11b · Other revenue: MISCELLANEOUS

  total $35,168 · excluded $35,168

• 11e · Other revenue, total

  $360,874

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $40,638 · program services $40,638

• 2 · Grants to domestic individuals

  total $18,416 · program services $18,416

• 5 · Compensation of officers, directors and key employees

  total $1,110,625 · management and general $1,110,625

• 7 · Other salaries and wages

  total $4,033,262 · management and general $3,629,707 · fundraising $403,555

• 8 · Pension plan contributions

  total $210,588 · management and general $210,588

• 9 · Other employee benefits

  total $395,483 · management and general $395,483

• 10 · Payroll taxes

  total $396,311 · management and general $396,311

• 11b · Fees: legal

  total $10,187 · management and general $10,187

• 11c · Fees: accounting

  total $28,776 · management and general $14,808 · fundraising $13,968

• 11f · Fees: investment management

  total $75,164 · management and general $56,753 · fundraising $18,411

• 11g · Fees: other

  total $842,069 · management and general $755,925 · fundraising $86,144

• 12 · Advertising and promotion

  total $278,142 · management and general $278,142

• 13 · Office expenses

  total $343,627 · management and general $343,627

• 14 · Information technology

  total $83,429 · management and general $83,429

• 17 · Travel

  total $228,851 · management and general $212,025 · fundraising $16,826

• 19 · Conferences, conventions and meetings

  total $41,081 · management and general $35,451 · fundraising $5,630

• 22 · Depreciation, depletion and amortization

  total $50,414 · program services $50,414

• 23 · Insurance

  total $33,831 · management and general $33,831

• 24a · Other expenses: EQUIPMENT RENTAL & REPA

  total $1,255,118 · management and general $1,255,118

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $18,498 · management and general $18,498

• 24c · Other expenses: MISCELLANEOUS

  total $14,972 · management and general $14,972

• 24d · Other expenses: FOOD

  total $13,935 · management and general $13,935

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $235,307 · end of year $232,290

• 4 · Accounts receivable

  beginning of year $13,667 · end of year $76,724

• 8 · Inventories for sale or use

  beginning of year $19,028 · end of year $7,223

• 9 · Prepaid expenses and deferred charges

  beginning of year $195,538 · end of year $436,519

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

  $745,546

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

  $358,989

• 10c · Land, buildings and equipment, net

  beginning of year $453,068 · end of year $386,557

• 11 · Investments: publicly traded securities

  beginning of year $8,646,063 · end of year $19,242,009

• 12 · Investments: other securities

  end of year $17,968,835

• 15 · Other assets

  beginning of year $12,617,467 · end of year $2,276,172

• 17 · Accounts payable and accrued expenses

  beginning of year $1,534,125 · end of year $1,353,814

• 19 · Deferred revenue

  beginning of year $17,858 · end of year $114,096

• 25 · Other liabilities

  beginning of year $8,818,775 · end of year $6,993,952

• 27 · Net assets without donor restrictions

  beginning of year $9,990,988 · end of year $30,179,983

• 28 · Net assets with donor restrictions

  beginning of year $1,818,392 · end of year $1,984,484

The filer's explanations (Part III)

PART I, LINES 4A-B

A SEPARATION AGREEMENT OF $180,000 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 $8,955,821 · assets $37,885,479

  Directly controlled by SAINT THERESE

• SAINT THERESE MANAGEMENT SERVICES LLC

  MANAGEMENT SERVICES · MN · income $6,208,021 · assets $2,092,850

  Directly controlled by SAINT THERESE