Laboure Society
- Assets
- $5.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Eagan, MN
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 41-2001751
Organization Overview
Laboure Society is located in Eagan, MN. The organization was established in 2002. 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 12/2021, Laboure Society employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laboure Society 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 12/2021, Laboure Society generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO MUST ELIMINATE PERSONAL DEBT IN ORDER TO PURSUE THEIR VOCATION TO PRIESTHOOD OR RELIGIOUS LIFE IN THE CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LABOURE SOCIETY WAS ESTABLISHED TO PROVIDE SPIRITUAL SUPPORT AND MATERIAL ASSISTANCE TO RESOLVE STUDENT LOANS FOR THOSE ENTERING FORMATION FOR PRIESTHOOD OR RELIGIOUS LIFE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Flanagan Executive Director | Officer | 40 | $83,682 |
William S Bojan Treasurer | OfficerTrustee | 1 | $0 |
Rosa Cumare Director | OfficerTrustee | 1 | $0 |
Sherry Nilles Director | OfficerTrustee | 1 | $0 |
David Johnson CFO | Officer | 40 | $0 |
Scott Osterling President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,927,512 |
| Noncash contributions included in lines 1a–1f | $35,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,048,773 |
| Total Program Service Revenue | $0 |
| Investment income | $26,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,075,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,066,374 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,682 |
| Compensation of current officers, directors, key employees. | $5,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $889,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,120 |
| Advertising and promotion | $112,053 |
| Office expenses | $151,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,780 |
| Travel | $34,310 |
| 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 | $9,193 |
| Insurance | $11,471 |
| All other expenses | $0 |
| Total functional expenses | $2,780,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,989,726 |
| Savings and temporary cash investments | $1,234,032 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $10,852 |
| Net Land, buildings, and equipment | $28,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,263,561 |
| Accounts payable and accrued expenses | $42,783 |
| 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 | $0 |
| Other liabilities | $3,274,417 |
| Total liabilities | $3,317,200 |
| Net assets without donor restrictions | $1,946,361 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,263,561 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Laboure Society has recieved totaling $494,135.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $406,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $35,400 |
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: GENERAL OPERATING, PROGRAM SUPPORT | $21,735 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $15,000 |
Bowling Family Charitable Foundation El Paso, TX PURPOSE: GENERAL SUPPORT | $5,000 |
The Wolf Family Charitable Foundation Portland, OR PURPOSE: CHARIT DONAT TO ORGS PURPOSE OF SUPPORT CATHOLIC | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |