Society Of St Vincent De Paul- Twin Cities
- Assets
- $752.1k
- Revenue
- $3.4m
- Investments
- $50.7k
- Employees
- 36
- Location
- Minneapolis, MN
- Founding
- 05/2019
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Society Of St Vincent DE Paul- Twin Cities generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $3.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
THRIFT STORES: THE SOCIETY CURRENTLY OPERATES TWO THRIFT STORES IN THE TWIN CITIES AREA THAT PRIMARILY SELL USED CLOTHING, HOUSEHOLD GOODS, BOOKS, AND FURNITURE. THIS PROGRAM PROVIDES 30+ WELL-PAYING JOBS IN THE INNER CITY OF THE LOCAL COMMUNITY AS WELL AS OPPORTUNITIES FOR JOB TRAINING.
DONATED GOODS RECYCLING: THE SOCIETY RECYCLES DONATED GOODSRECEIVED FROM THRIFT DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Bugg Executive Director | 40 | $72,092 | |
Edward Koerner Executive Director Emeritus | 40 | $52,634 | |
Mary Manning President | 5 | $0 | |
Pat Kaiser Vice President | 5 | $0 | |
Tom Teresi Treasurer | 5 | $0 | |
Judy Aubert Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,039,880 |
| Interest on Savings | $0 |
| Dividends & Interest | $284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,092 |
| Capital Gain Net Income | $1,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,323,600 |
| Total Revenue | $3,364,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,726 |
| Other employee salaries and wages | $703,084 |
| Pension plans, employee benefits | $151,141 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $42,032 |
| Occupancy | $164,208 |
| Travel, conferences, and meetings | $91,828 |
| Printing and publications | $0 |
| Other expenses | $2,065,142 |
| Total operating and administrative expenses | $3,373,062 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,373,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,734 |
| Savings and temporary cash investments | $80,266 |
| Net Accounts receivable | $8,073 |
| 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 | $34,032 |
| Prepaid expenses and deferred charges | $8,632 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,675 |
| Net Land, buildings, and equipment | $404,992 |
| Other assets | $100,707 |
| Total assets | $752,111 |
| Accounts payable and accrued expenses | $58,413 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $139,157 |
| Other liabilities | $0 |
| Total liabilities | $197,570 |