Sisters Of St Joseph Ministries Fund
- Assets
- $23.5m
- Revenue
- $1.4m
- Investments
- $68.6k
- Employees
- 6
- Location
- St Paul, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 41-1765361
Organization Overview
Sisters Of St Joseph Ministries Fund is located in St Paul, MN. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Sisters Of St Joseph Ministries Fund employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sisters Of St Joseph Ministries Fund 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 06/2021, Sisters Of St Joseph Ministries Fund generated $1.4m 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 (4.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE A DIFFERENCE IN THE LIVES OF THOSE IN NEED BY GENERATING AND ALLOCATING FUNDS TO SUPPORT PRESENT AND FUTURE MINISTRIES OF THE SISTERS OF ST. JOSEPH OF CARONDELET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARTNERS IN MINISTRY GRANTS WERE AWARDED TO MINISTRIES IN WHICH THE SISTERS OF ST. JOSEPH SERVE. MINISTRIES RECEIVING GRANTS WERE: ST. MARY'S HEALTH CLINICS WHICH PROVIDES HEALTH CARE SERVICES TO LOW INCOME, UNINSURED INDIVIDUALS AND FAMILIES IN THE ST. PAUL/MINNEAPOLIS METROPOLITAN AREA; SARAH'S...AN OASIS FOR WOMEN WHICH IS A HOME DEDICATED TO THE SAFETY AND DIGNITY FOR A DIVERSE COMMUNITY OF WOMEN, MOST OF WHOM ARE IMMIGRANTS, WHERE THEY ARE EMPOWERED TO BEGIN NEW AND PRODUCTIVE LIVES; LEARNING IN STYLE, WHICH IS AN ENGLISH LANGUAGE SCHOOL FOR IMMIGRANTS THAT FOCUSES ON BUILDING LITERACY AND CITIZENSHIP SKILLS IN A SUPPORTIVE AFFORDABLE AND RESPECTFUL ENVIRONMENT; AND THE ST. JOSEPH WORKER PROGRAM, WHICH PROVIDES A YEAR-LONG COMMITMENT TO SOCIAL CHANGE, INDIVIDUAL GROWTH AND DEVELOPMENT, IS BUILT ON THE VALUES OF LEADERSHIP, SPIRITUALITY, SOCIAL JUSTICE AND INTENTIONAL COMMUNITY ROOTED IN LIVING SIMPLY AND SUSTAINABLY. THESE GRANTS HELP MEET THE HEALTHCARE, EDUCATION, HUMAN SERVICE AND SPIRITUAL NEEDS OF PEOPLE IN THE TWIN CITIES AND OTHER COMMUNITIES IN WHICH THE SISTERS OF ST. JOSEPH WORK. THE CAMPAIGN GRANTS WERE AWARDED TO MINISTRIES IN WHICH THE SISTERS OF ST. JOSEPH SERVE. THESE GRANTS HELPED MEET THE HEALTHCARE, EDUCATION, HUMAN SERVICE AND SPIRITUAL NEEDS OF PEOPLE IN THE TWIN CITIES AND OTHER COMMUNITIES IN WHICH THE SISTERS OF ST. JOSEPH LIVE AND WORK. THE UNRESTRICTED GRANTS WERE AWARDED TO MINISTRIES IN WHICH THE SISTERS OF ST. JOSEPH SERVE. THESE GRANTS HELPED MEET THE HEALTHCARE, EDUCATION, HUMAN SERVICE AND SPIRITUAL NEEDS OF PEOPLE IN THE TWIN CITIES AND OTHER COMMUNITIES IN WHICH THE SISTERS OF ST. JOSEPH LIVE AND WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Scorpio Executive Director (ex Officio) | OfficerTrustee | 40 | $110,029 |
Bridget Sperl Chair | OfficerTrustee | 0 | $0 |
Kay Egan Csj Treasurer | OfficerTrustee | 0 | $0 |
Jean Wincek Csj Secretary | OfficerTrustee | 0 | $0 |
Beth Bird Board Member | Trustee | 0 | $0 |
Anita S Duckor Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $235,182 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,174,249 |
| Noncash contributions included in lines 1a–1f | $42,739 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,409,431 |
| Total Program Service Revenue | $67,719 |
| Investment income | -$11,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,419 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,432,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $964,148 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,683 |
| Compensation of current officers, directors, key employees. | $61,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,233 |
| Pension plan accruals and contributions | $18,456 |
| Other employee benefits | $64,711 |
| Payroll taxes | $32,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,347 |
| Office expenses | $7,692 |
| Information technology | $32,017 |
| Royalties | $0 |
| Occupancy | $19,725 |
| Travel | $101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,519 |
| Insurance | $15,277 |
| All other expenses | $7,833 |
| Total functional expenses | $1,753,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,458 |
| Net Land, buildings, and equipment | $5,876 |
| Investments—publicly traded securities | $23,214,864 |
| Investments—other securities | $68,573 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,497,843 |
| Accounts payable and accrued expenses | $417,409 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $68,573 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $485,982 |
| Net assets without donor restrictions | $16,450,017 |
| Net assets with donor restrictions | $6,561,844 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,497,843 |
Grants Awarded
Over the last fiscal year, Sisters Of St Joseph Ministries Fund has awarded $964,148 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: Program support | $483,684 |
SISTERS OF ST PAUL OF CARONDELET ST PAUL PROVINCE PURPOSE: Program Support | $430,464 |
Minneapolis, MN PURPOSE: Program Support | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sisters Of St Joseph Ministries Fund has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Familia Robinson Foundation Eden Prairie, MN PURPOSE: SUPPORT HEALTHCARE FOR POOR | $5,000 |
Agate Legacy Fund Wilmington, DE PURPOSE: OASIS FOR WOMEN FUND | $500 |
Endowment Analysis
| Beg. Balance | $11,450,135 |
| Earnings | $3,564,250 |
| Other Expense | $617,341 |
| Ending Balance | $14,397,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy College Of Health Sciences Des Moines, IA | $43,076,870 | $20,537,196 |
Lasallian Educational And Research Initiatives Winona, MN | $27,170,311 | $6,283,560 |
Catholic Council For Social Concern Inc Des Moines, IA | $7,346,426 | $6,681,494 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
St Francis Mission St Francis, SD | $9,676,600 | $2,002,060 |
Society Of St Vincent De Paul Racine County Council Inc Racine, WI | $1,705,699 | $2,276,481 |
Sisters Of St Joseph Ministries Fund St Paul, MN | $23,497,843 | $1,432,095 |
Youth With A Mission Inc Madison, WI | $1,643,750 | $1,403,001 |