St Teresa Ministries Inc

Organization Overview

St Teresa Ministries Inc is located in Bowling Green, KY. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, St Teresa Ministries Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Teresa Ministries Inc 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, St Teresa Ministries Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $565.1k during the year ending 12/2021. While expenses have increased by 19.7% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ST. TERESA MINISTRIES BEGAN OPERATING IN MAY 2020. ALTHOUGH IT HAS BEEN A VERY INTERESTING YEAR AMIDST THE COVID PANDEMIC, THE ORGANIZATION HAS BEEN ABLE TO CARRY OUT THE VISION TO SERVE THOSE IN NEED. AS DEMONSTRATED BY OUR FINANCIALS, THE PANDEMIC HAD A NEGATIVE IMPACT ON THE STORE ECONOMICALLY & OPERATIVELY; YET WE WERE ABLE TO CONTINUE TO SERVE OUR COMMUNITY IN A TIME OF NEED. WE CONTINUE TO FINANCIALLY SUPPORT BOTH OF THE SAINT VINCENT DEPAUL CONFERENCES (HOLY SPIRIT CATHOLIC CHURCH AND ST. JOSEPH CATHOLIC CHURCH) FOOD PANTRIES. BOTH FOOD PANTRIES SAW AN INCREASE IN THE NEED OF FOOD AND THE NUMBER OF PARTICIPANTS DURING 2021 AS DEMONSTRATED BY THEIR MONTHLY REPORTS. THE LACK OF EMPLOYMENT, SHUTDOWNS DUE TO COVID, TORNADO, AND THE HARDSHIPS FAMILIES FACED CONTRIBUTED TO THAT NEED. WE HOPE TO CONTINUE TO BE ABLE TO SUPPORT THEM AND THEIR MISSION TO FEED THOSE WHO ARE HUNGRY AND IN NEED. WE ALSO MADE A CONTRIBUTION TO THE BOWLING GREEN HOUSING AUTHORITY TO SUPPORT THE TORNADO RELIEF

Describe the Organization's Program Activity:

Part 3 - Line 4a

ST. TERESA MINISTRIES HAS HAD A PRODUCTIVE SECOND YEAR WITH OUR TIME, TALENT, AND TREASURE. WE ARE BLESSED TO BE ABLE TO HAVE HELPED MANY INDIVIDUALS AND FAMILIES DURING THIS PAST PANDEMIC YEAR. WE CONTINUE TO OPERATE THE ST. TERESA'S THRIFT STORE IN BOWLING GREEN, KENTUCKY, THAT HELPS PRODUCE FUNDS TO SUPPORT OUR MISSION AND VISION. OUR VISION IS TO SERVE THOSE IN NEED IN OUR COMMUNITY. OUR MISSION IS TO PROVIDE FOOD, BASIC NECESSITIES, AND EMERGENCY SERVICES FOR LOW INCOME EARNERS AND THE ELDERLY BY USING THRIFT STORE ASSETS AND BY DEVELOPING AND ENHANCING COMMUNITY PARTNERSHIPS. WE CONTINUE TO SUPPORT THE ST. JOSEPH SVDP FOOD PANTRY AND THE HOLY SPIRIT SVD FOOD PANTRY WHO ALSO HELP WITH UTILITY BILLS AND EMERGENCIES. WE CONTINUE TO SUPPORT OTHER COMMUNITY EFFORTS AND PROJECTS. OUR GOAL IS TO GROW OUR OUTREACH, COLLABORATE WITH COMMUNITY PARTNERS, AND TO BE ABLE TO BETTER SERVE THOSE WHO NEED US THE MOST INCLUDING THE LOW INCOME EARNERS AND THE ELDERLY. WE HAVE FOCUSED ON OUR EMPLOYEES DURING 2021 BY SUPPORTING THEM MORE FINANCIALLY THROUGH COVID, SHUTDOWNS, THE TORNADO AND RAISING THEIR SALARIES DUE TO THE INCREASE COST OF LIVING. DURING 2022 WE PLAN TO WORK WITH THE GOOD SAMARITAN MINISTRY AND THE WORK THEY ARE DOING IN OUR COMMUNITY THAT SUPPORTS OUR MISSION. DURING 2021, WE HAD 19,350 IN-KIND DONATIONS, WHICH IS UP FROM THE 16,479 DURING 2020. IN MONETARY DONATIONS WE HAD 230.00 BASED ON THE P&L. WE FIND THAT DURING DIFFICULT TIMES, OUR COMMUNITY'S HEARTS ARE SOFTENED FOR THOSE IN NEED. WE APPRECIATE EACH DONATION AND KNOW THAT IT GOES TO SERVE OUR VISION FOR THIS COMMUNITY THAT WE LOVE.


ST. TERESA MINISTRIES HAS HAD A PRODUCTIVE SECOND YEAR WITH OUR TIME, TALENT, AND TREASURE. WE ARE BLESSED TO BE ABLE TO HAVE HELPED MANY INDIVIDUALS AND FAMILIES DURING THIS PAST PANDEMIC YEAR. WE CONTINUE TO OPERATE THE ST. TERESA'S THRIFT STORE IN BOWLING GREEN, KENTUCKY, THAT HELPS PRODUCE FUNDS TO SUPPORT OUR MISSION AND VISION. OUR VISION IS TO SERVE THOSE IN NEED IN OUR COMMUNITY. OUR MISSION IS TO PROVIDE FOOD, BASIC NECESSITIES, AND EMERGENCY SERVICES FOR LOW INCOME EARNERS AND THE ELDERLY BY USING THRIFT STORE ASSETS AND BY DEVELOPING AND ENHANCING COMMUNITY PARTNERSHIPS. WE CONTINUE TO SUPPORT THE ST. JOSEPH SVDP FOOD PANTRY AND THE HOLY SPIRIT SVD FOOD PANTRY WHO ALSO HELP WITH UTILITY BILLS AND EMERGENCIES. WE CONTINUE TO SUPPORT OTHER COMMUNITY EFFORTS AND PROJECTS. OUR GOAL IS TO GROW OUR OUTREACH, COLLABORATE WITH COMMUNITY PARTNERS, AND TO BE ABLE TO BETTER SERVE THOSE WHO NEED US THE MOST INCLUDING THE LOW INCOME EARNERS AND THE ELDERLY. WE HAVE FOCUSED ON OUR EMPLOYEES DURING 2021 BY SUPPORTING THEM MORE FINANCIALLY THROUGH COVID, SHUTDOWNS, THE TORNADO AND RAISING THEIR SALARIES DUE TO THE INCREASE COST OF LIVING. DURING 2022 WE PLAN TO WORK WITH THE GOOD SAMARITAN MINISTRY AND THE WORK THEY ARE DOING IN OUR COMMUNITY THAT SUPPORTS OUR MISSION. DURING 2021, WE HAD 19,350 IN-KIND DONATIONS, WHICH IS UP FROM THE 16,479 DURING 2020. IN MONETARY DONATIONS WE HAD 230.00 BASED ON THE P&L. WE FIND THAT DURING DIFFICULT TIMES, OUR COMMUNITY'S HEARTS ARE SOFTENED FOR THOSE IN NEED. WE APPRECIATE EACH DONATION AND KNOW THAT IT GOES TO SERVE OUR VISION FOR THIS COMMUNITY THAT WE LOVE.


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Board, Officers & Key Employees

Name (title)Compensation
Owen Herndon
President
$0
Cathy Beard
Vice Preside
$0
Priscilla Schwartz
Treasurer
$0
Elaine Mason
Director
$0
Staci Simpson
Director
$0
Zoann Flynn
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $10,200
All other contributions, gifts, grants, and similar amounts not included above$692
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,892
Total Program Service Revenue$0
Investment income $1,207
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 $1,022,414
Miscellaneous Revenue$0
Total Revenue $1,034,513

Grants Awarded

Over the last fiscal year, St Teresa Ministries Inc has awarded $66,600 in support to 2 organizations.

Grant RecipientAmount

ST JOSEPH SVDP FOOD PANTRY

PURPOSE: UTILITY EX./FOOD/ER

$46,800

HOLY SPIRIT SVD FOOD PANTRY

PURPOSE: UTILITY EX./FOOD/ER

$19,800
View Grant Profile

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