Franciscan Sisters Of Chicago Service Corporation
- Assets
- $62.8m
- Revenue
- $13.9m
- Investments
- $836.2k
- Employees
- 80
- Location
- Lemont, IL
- Founding
- 11/1989
- Data as of
- 06/2020
- EIN
- 36-3579767
Organization Overview
Franciscan Sisters Of Chicago Service Corporation, operating under the name Franciscan Ministries Sponsored by the Franciscan Sisters of Chicago, is located in Lemont, IL. The organization was established in 1989. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Franciscan Ministries Sponsored by the Franciscan Sisters of Chicago employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franciscan Ministries Sponsored by the Franciscan Sisters of Chicago is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Franciscan Ministries Sponsored by the Franciscan Sisters of Chicago generated $13.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $10.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRANCISCAN SISTERS OF CHICAGO SERVICE CORPORATION ("FSCSC") IS SPONSORED BY THE FRANCISCAN SISTERS OF CHICAGO ("FSC"). FSCSC IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT THE MINISTRIES OF FSC. FSCSC IS THE SOLE CORPORATE MEMBER OF FRANCISCAN COMMUNITIES, INC., FRANCISCAN COMMUNITIES, INC. II, UNIVERSITY PLACE INC., THE VILLAGE AT MERCY CREEK, FRANCISCAN COMMUNITY SERVICES, INC., FRANCISCAN COMMUNITY BENEFIT SERVICES, INC., ST JUDE HOUSE, ST JOSEPH SENIOR HOUSING, AND SAMC, INC. FSCSC PROVIDES PROGRAM AND ADMINISTRATIVE SUPPORT FOR ITS AFFILIATES INCLUDING OPERATIONAL OVERSIGHT, FINANCIAL MANAGEMENT, TREASURY MANAGEMENT, INFORMATION TECHNOLOGY, COMPLIANCE, MARKETING, HUMAN RESOURCES, RESIDENT SERVICES, AND CONSTRUCTION AND DEVELOPMENT MANAGEMENT. FSCSC OWNS AND RENTS A MEDICAL OFFICE BUILDING TO AN UNRELATED EXEMPT ORGANIZATION THAT PROVIDES SERVICES TO CERTAIN RESIDENTS OF AFFILIATE COMMUNITIES AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sbc-br Llc Construction Contractor | 6/29/20 | $2,331,434 |
Plante & Moran Llc Consulting | 6/29/20 | $234,725 |
Sbc-br Llc Construction Contractor | 6/29/20 | $2,331,434 |
Jackson Lewis Ppl Legal | 6/29/20 | $150,760 |
Plante & Moran Llc Consulting | 6/29/20 | $234,725 |
Sbc-br Llc Construction Contractor | 6/29/20 | $2,331,434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,857 |
| Investment income | $1,225,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $506,385 |
| Net Gain/Loss on Asset Sales | $43,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,923,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $11,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,375,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,896,331 |
| Pension plan accruals and contributions | $85,391 |
| Other employee benefits | $541,900 |
| Payroll taxes | $375,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,266 |
| Fees for services: Accounting | $114,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $204,438 |
| Fees for services: Other | $874,163 |
| Advertising and promotion | $8,498 |
| Office expenses | $132,096 |
| Information technology | $282,120 |
| Royalties | $0 |
| Occupancy | $358,706 |
| Travel | $67,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,028 |
| Interest | $168,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,944 |
| Insurance | $217,237 |
| All other expenses | $0 |
| Total functional expenses | $10,446,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,161,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,748,056 |
| Inventories for sale or use | $218,552 |
| Prepaid expenses and deferred charges | $306,033 |
| Investments—publicly traded securities | $42,575,251 |
| Investments—other securities | $836,202 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,671,181 |
| Total assets | $62,771,138 |
| Accounts payable and accrued expenses | $2,834,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,070,747 |
| Other liabilities | $5,496,165 |
| Total liabilities | $9,401,651 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $53,369,487 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franciscan Sisters Of Chicago Service Corporation has recieved totaling $23,047.
| Awarding Organization | Amount |
|---|---|
Legacy Foundation Inc Merrillville, IN PURPOSE: FURTHER ORGS MISSION | $21,797 |
Baird Foundation Inc Milwaukee, WI PURPOSE: EDUCATION | $1,250 |
Endowment Analysis
| Beg. Balance | $566,424 |
| Ending Balance | $566,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Moose Charities Inc Mooseheart, IL | $5,385,966 | $15,548,845 |
Franciscan Sisters Of Chicago Service Corporation Lemont, IL | $62,771,138 | $13,923,865 |
Vela Education Fund Glencoe, IL | $4,855,969 | $13,247,569 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Foundation For The Land Of Lincoln Inc Springfield, IL | $62,800,465 | $16,636,147 |