Society Of St Vincent De Paul- Twin Cities
- Assets
- $592.6k
- Revenue
- $17.4m
- Investments
- $52.2k
- Employees
- 36
- Location
- Minneapolis, MN
- Founding
- 05/2019
- Data as of
- 09/2021
- EIN
- 41-0711616
Organization Overview
Society Of St Vincent De Paul- Twin Cities is located in Minneapolis, MN. The organization was established in 2019. 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 09/2021, Society Of St Vincent DE Paul- Twin Cities employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of St Vincent DE Paul- Twin Cities 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 09/2021, Society Of St Vincent DE Paul- Twin Cities generated $17.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $17.0m during the year ending 09/2021. While expenses have increased by 15.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORES: THE SOCIETY CURRENTLY OPERATES TWO THRIFT STORES IN THE TWIN CITIES AREA THAT PRIMARILY SELL USED CLOTHING, HOUSEHOLD GOODS, BOOKS, AND FURNITURE.
DONATED GOODS RECYCLING: THE SOCIETY RECYCLES DONATED GOODS RECEIVED FROM THRIFT DONATIONS.
FOOD PROGRAMS: THE SOCIETY PARTNERS WITH NATIONAL AND LOCAL FOOD MANUFACTURERS, GROCERY WHOLESALERS, PRODUCE AND MEAT PURVERYORS TO DISTRIBUTE SURPLUS FOOD TO THE HUNGRY IN THE LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Koerner Executive Director | 40 | $51,500 | |
Colleen Ryan Director | 5 | $0 | |
Larry Muehlenbein Director | 5 | $0 | |
Nancy Goalen Vice President | 5 | $0 | |
Judy Aubert Secretary | 5 | $0 | |
Matt Goggin Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,192,714 |
| Interest on Savings | $0 |
| Dividends & Interest | $313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,431 |
| Capital Gain Net Income | $2,431 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,213,042 |
| Total Revenue | $17,408,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,500 |
| Other employee salaries and wages | $613,368 |
| Pension plans, employee benefits | $117,762 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $10,427 |
| Occupancy | $116,353 |
| Travel, conferences, and meetings | $104,377 |
| Printing and publications | $0 |
| Other expenses | $15,978,803 |
| Total operating and administrative expenses | $17,021,478 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $17,021,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,755 |
| Savings and temporary cash investments | $243,545 |
| Net Accounts receivable | $1,764 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $30,650 |
| Prepaid expenses and deferred charges | $12,679 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $52,208 |
| Net Land, buildings, and equipment | $157,961 |
| Other assets | $0 |
| Total assets | $592,562 |
| Accounts payable and accrued expenses | $41,670 |
| Grants payable | $0 |
| Deferred revenue | $3,542 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,212 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Society Of St Vincent De Paul- Twin Cities has recieved totaling $7,601.
| Awarding Organization | Amount |
|---|---|
Carl And Aune Lind Family Foundation Eden Prairie, MN PURPOSE: GENERAL | $5,000 |
Carval Investors Foundation St Louis Park, MN PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |