Civic Intelligence

Benedictine Foundation

990 • Fiscal year 2014 • EIN 41-1513014

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

503 East Third StreetMinneapolis, MN 55805

(218) 786-2370

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

61st percentile

6.2%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

65th percentile

7.7%

Faster asset growth than 65% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

9th percentile

-22%

Faster revenue growth than 9% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$15,294,612

Up $1,099,662 (+7.7%) from 2013

Net Assets

Up

$15,272,175

Up $1,097,027 (+7.7%) from 2013

Liabilities

Up

$22,437

Up $2,635 (+13%) from 2013

Revenue

Down

$6,622,686

Down $1,919,720 (-22%) from 2013

Expenses

Down

$6,209,136

Down $2,030,377 (-25%) from 2013

Net Income

Up

$413,550

Up $110,657 (+37%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $10,639,515Liabilities 2010: $163,759Net Assets 2010: $10,475,7562010Assets 2011: $11,557,928Liabilities 2011: $81,868Net Assets 2011: $11,476,0602011Assets 2012: $13,701,269Liabilities 2012: $163,070Net Assets 2012: $13,538,1992012Assets 2013: $14,194,950Liabilities 2013: $19,802Net Assets 2013: $14,175,1482013Assets 2014: $15,294,612Liabilities 2014: $22,437Net Assets 2014: $15,272,1752014Assets 2015: $17,520,698Liabilities 2015: $65,353Net Assets 2015: $17,455,3452015Assets 2016: $17,066,778Liabilities 2016: $45,663Net Assets 2016: $17,021,1152016Assets 2017: $16,274,296Liabilities 2017: $39,021Net Assets 2017: $16,235,2752017Assets 2018: $11,999,464Liabilities 2018: $23,601Net Assets 2018: $11,975,8632018Assets 2019: $11,890,314Liabilities 2019: $57,629Net Assets 2019: $11,832,6852019Assets 2020: $12,760,528Liabilities 2020: $128,116Net Assets 2020: $12,632,4122020Assets 2021: $15,163,836Liabilities 2021: $119,606Net Assets 2021: $15,044,2302021Assets 2022: $14,894,804Liabilities 2022: $42,178Net Assets 2022: $14,852,6262022Assets 2023: $18,716,580Liabilities 2023: $70,462Net Assets 2023: $18,646,1182023Assets 2024: $23,112,402Liabilities 2024: $367,397Net Assets 2024: $22,745,0052024

Highlighted filing

2014

Assets$15,294,612
Liabilities$22,437
Net Assets$15,272,175

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $1,745,1562010Expenses 2011: $4,772,2242011Expenses 2012: $4,219,6712012Revenue 2013: $8,542,406Expenses 2013: $8,239,513Net Income 2013: $302,8932013Revenue 2014: $6,622,686Expenses 2014: $6,209,136Net Income 2014: $413,5502014Revenue 2015: $6,850,759Expenses 2015: $4,389,338Net Income 2015: $2,461,4212015Revenue 2016: $5,095,773Expenses 2016: $5,628,844Net Income 2016: -$533,0712016Revenue 2017: $4,013,790Expenses 2017: $5,516,354Net Income 2017: -$1,502,5642017Revenue 2018: $4,004,599Expenses 2018: $8,964,885Net Income 2018: -$4,960,2862018Revenue 2019: $4,274,742Expenses 2019: $5,057,362Net Income 2019: -$782,6202019Revenue 2020: $4,713,734Expenses 2020: $4,000,059Net Income 2020: $713,6752020Revenue 2021: $4,052,107Expenses 2021: $3,445,665Net Income 2021: $606,4422021Revenue 2022: $3,315,760Expenses 2022: $2,419,488Net Income 2022: $896,2722022Revenue 2023: $5,728,187Expenses 2023: $2,738,340Net Income 2023: $2,989,8472023Revenue 2024: $6,302,262Expenses 2024: $3,654,815Net Income 2024: $2,647,4472024

Highlighted filing

2014

Revenue$6,622,686
Expenses$6,209,136
Net Income$413,550
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$6,904,263
Mission and Program Overview

Mission

The Benedictine Health System is a Catholic organization which owns and operates long term care facilities which provides care and services for individuals of need. The Benedictine Health System Foundation (BHSF) was established to coordinate, encourage, motivate and support the fund development efforts within Benedictine Health System and the BHSF supported organizations through Associated Foundations and to oversee the optimal investment and management of Associated Foundations' funds. BHSF Associated Foundations include: Benedictine Health Center Foundation, Duluth, MN; Benedictine Health Center of Minneapolis Foundation, Minneapolis, MN; Benedictine Health System Foundation, Duluth, MN; Benedictine Living Communities Foundation, (Bismarck, Dickinson, Ellendale, Garrison, LaMoure, and Wahpeton, ND); Benedictine Living Community of St. Peter Foundation, St. Peter, MN; Benedictine Living Community of Ada Foundation, Ada, MN; Cerenity Foundation, St. Paul, MN; Cerenity-Marian of Saint

The Benedictine Health System Foundation (BHSF) was established to coordinate, encourage, motivate and support the fund development activity effort within Benedictine Health System and the BHSF supported organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,020,821$8,331,931▲ $1,311,110
Cash and Non-Interest-Bearing Accounts$4,836,702$4,698,304▼ $138,398
Pledges and Grants Receivable$1,066,313$930,553▼ $135,760
Accounts Receivable-$17,781-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$14,194,950$15,294,612▲ $1,099,662
Other Assets Total$1,271,114$1,316,043▲ $44,929
Liabilities
Other Liabilities$19,802$22,437▲ $2,635
Total Liabilities$19,802$22,437▲ $2,635
Net Assets / Fund Balance
Temporarily Rstr Net Assets$9,822,332$10,739,321▲ $916,989
Unrestricted Net Assets$3,521,285$3,636,319▲ $115,034
Permanently Rstr Net Assets$831,531$896,535▲ $65,004
Total Net Assets Fund Balance$14,175,148$15,272,175▲ $1,097,027
Total Liabilities and Net Assets / Fund Balance$14,194,950$15,294,612▲ $1,099,662

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$10,399--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$341,610$30,476▲ $32,811-$398,552
2013$305,128$29,459▲ $17,023-$341,610
2012$210,553$98,039▼ $2,964-$305,128
2011$72,812$127,534▲ $11,207-$210,553
2010-$6,032--$72,812
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wendell JohnsonChair
Lowell LarsonPresident
Paul JensenVice Chair
Rocklon ChapinBhs CEO & Director
Jane DolterDirector
Jeannette BergerDirector
Mary Kay VerkennesDirector
Romeo CyrDirector
Roxann DaggettDirector
Sabra OttesonDirector
Sr Pauline Micke OsbDirector
Kevin RymanowskiBhs CFO
Dale ThompsonPrior CEO Bhs
Dean WahlbergSec / Tre

Highest Paid Contractors

ContractorServicesLocationCompensation
Benedictine Health SystemPurchased Services-$346,666
Revenue and Support

Revenue Composition

Contributions and Grants
$6,422,273
Program Service Revenue
$18,964
Investment Income
$36,752
Other Revenue
$144,697
All Other Contributions
$4,000,496
Change in Net Assets
$413,550

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$346,666Fair Market Value (FMV)
Clothing and Household Goods-$32,705Fair Market Value (FMV) or Donor
Other Non Cash Contri Table211$20,420Fair Market Value (FMV) or Donor
Other Non Cash Contri Table32$11,148Fair Market Value (FMV) or Donor
Drugs and Medical Supplies22$9,030Fair Market Value (FMV) or Donor
Other Non Cash Contri Table1$5,200Fair Market Value (FMV)
Food Inventory63$4,740Fair Market Value (FMV) or Donor
Other Non Cash Contri Table14$4,700Fair Market Value (FMV) or Donor
Other Non Cash Contri Table13$4,000Fair Market Value (FMV) or Donor
Art Historical Treasures2$1,800Fair Market Value (FMV) or Donor
Books and Publications-$1,395Fair Market Value (FMV) or Donor
Total Noncash Contributions359$441,804-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,440,690
Revenue Not Reported on Financial Statements
$1,181,996
Revenue Not Reported on Form 990
$66,736
Other Revenue Adjustments
$1,181,996
Total Revenue per Audited Statements
$5,507,426
Total Revenue per Form 990
$6,622,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,417,920
Other Expenses$2,791,216
Total Fundraising Expense$287,438
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,417,920--$3,417,920
Fees for Services Other$201,293$1,685,502$125,660$2,012,455
Office Expenses$239,108$49,794$78,982$367,884
Conferences and Meetings$3,849$29,172$27,278$60,299
Advertising$2,923$30,885$16,958$50,766
Travel$10,026$24,419$3,907$38,352
All Other Expenses$1,439$20,919$3,778$26,136
Fees for Services Accounting-$25,646-$25,646
Other Expenses$3,675$6,718$30,346$10,393
Information Technology-$5,555-$5,555
Fees for Services Legal$50$3,437$529$4,016
Occupancy-$1,005-$1,005
Total Functional Expenses$3,993,046$1,928,652$287,438$6,209,136

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,209,136
Expenses per Audited Statements$3,390,790
Expenses Not Reported on Financial Statements$2,818,346
Other Expense Adjustments$2,818,346
Total Expenses per Audited Statements$2,815,321
Expenses Not Reported on Form 990$-575,469
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
41-1381401-501 (c) 3Capital$1,179,064
41-1809914-501 (c) 3Capital$604,395
41-1983267-501 (c) 3Capital$382,908
41-1639687-501 (c) 3Capital$307,600
26-2620983-501 (c) 3Capital$210,000
27-0705237-501 (c) 3Capital$200,315
41-1907571-501 (c) 3Capital$154,948
43-1450394-501 (c) 3Capital$92,272
41-2011661-501 (c) 3Capital$66,460
41-1809912-501 (c) 3Capital$35,011
41-1796445-501 (c) 3Capital$30,022
36-3517696-501 (c) 3Capital$25,649
86-1113231-501 (c) 3Capital$25,562
41-1848720-501 (c) 3Capital$20,919
41-1978619-501 (c) 3Capital$20,733
27-4219119-501 (c) 3Capital$17,412
41-0850791-501 (c) 3Capital$17,071
27-4219293-501 (c) 3Capital$17,054
47-0855589-501 (c) 3Capital$5,256
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$376,393
Fundraising Direct Expenses$231,696
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$228,068$131,861$67,157$64,704
Event 2$89,928$83,933$11,076$72,857
Total Events$647,723$376,393$231,696$144,697
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$22,437
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The Corporation contracts with Benedictine Health System, a related organization, for Management Services. Benedictine Health System employed the President of the Corporation

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Benedictine Health System, a Minnesota nonprofit corporation, is the sole member of the Corporation.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Each Director of the Corporation is appointed by Benedictine Health System

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Benedictine Health System has certain Reserved Powers relating to the activities of the Corporation as set out in the Corporation's By-Laws. In addition, in keeping with the Corporation's mission "to assist and coordinate activities of facilities for health care, education, and care for the aged and social services in accordance with the charitable works tradition of the Roman Catholic Church", all activities of the Corporation are required to be carried out in accordance with the charisms of the Benedictine Sisters Benevolent Association ("BSBA"), a civil law corporation for the Sisters of St. Benedict of St. Scholastica Monastery located in Duluth, Minnesota.

Form 990, Part VI, Line 11B: Form 990 Review Process

An electronic copy of the form 990 was distributed prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

This Corporation shall not enter into any contract or transaction with (a) its Director or officer or a member of the family of a Director or an officer; (b) a director or officer of a related organization (within the meaning of Minnesota Statutes, section 317A.011, Subd. 18) or a member of the family of a director or officer of a related organization; or (c) an organization in or of which this Corporation's Director or officer is a director, officer or legal representative or has a material financial interest; unless the material facts as to the contract or transaction and as to the director's or officer's interest are fully disclosed or known to the Board of Directors, and the Board of Directors authorizes, approves, or ratifies the contract or transaction in good faith by the affirmative vote (without counting any interested Director) of a majority of the entire Board of Directors, at a meeting at which there is a quorum without counting any interested Director. For purposes of these Bylaws, "member of the family" of a director or officer shall mean a spouse, parent, child, spouse of a child, brother, sister, or spouse of a brother or sister, of the director or officer. Failure to comply with the provisions of this section shall not invalidate any contract or transaction to which this Corporation is a party. The provisions of this section shall not apply to any contracts or transaction between or among BHS and its Subsidiaries.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

NOT AVAILABLE TO PUBLIC

Filing and Contact Details

Filer

EIN
41-1513014
Phone
2187862370

Signing Officer

Name
Kevin Rymanowski
Title
CFO
Signed
2015-05-14

Organization Details

Principal Officer
Lowell Larson
Formed
1984
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
10
Employees
0
Volunteers
971
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The Benedictine Health System Audit / Finance Committee oversees the selection of the independent auditor and oversees the annual Consolidated Audit of Benedictine Health System and Affiliates which includes the Organization.

Officer Compensation

Dale thompson part year ceo, rocklon chapin current ceo and kevin rymanowski cfo of benedictine health system 41-1531892 share their time between the reporting organization and the following related organizations.arrowhead senior living community41-1978619benedictine care centers41-1907571benedictine health center41-1381401benedictine health system 41-1531892benedictine health system foundation41-1513014benedictine living communities41-1639687benedictine living communities -bismarck inc.26-4376543benedictine living community of mora27-4219119benedictine living community of new london27-4218436benedictine living community of spooner45-0700468benedictine living community of st. Peter86-1113231benedictine living community of winsted27-4219293benedictine senior living community of st peter27-2716531bridges care community26-2620983cerenity senior care36-3517696cerenity care center - white bear lake41-1983267city of lakes care center41-1985663ellendale evergreen place, inc41-1796445living community of st. Joseph41-2011661madonna meadows of rochester47-0855891madonna towers of rochester, inc41-1809914nazareth living center43-1450394rosewood court41-2011389saint anne of winona41-0850791st. Gertrude's health center41-1848720steele county communities for a lifetime inc27-0705237steeple pointe senior living community41-1852273tekakwitha nursing center, inc41-1809912villa st. Benedict36-4343235villa st. Vincent 41-1352227blc of red wing 45-4929398blc of wahpeton 45-4274091crs of wisconsin 39-0982340benedictine living center of fridley 46-2904490regina senior living 46-3700475

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The intended use for the endowments is to grow the earnings that provide scholarships; maintain and enhance healing gardens; and provide for other needs.

Part X : FIN48 Footnote

Tax Exempt StatusThe Foundation is considered a public charity under the provisions of Section 501 (c)(3) of the Internal Revenue Code and, accordingly, is generally exempt from payment of income and excise taxes. The Foundation follows the accounting standard for contingencies in evaluating the accounting for uncertainty in income taxes recognized in an entity's financial statements. The standard prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The Foundation's income tax returns are subject to review and examination by federal, state, and local authorities. The Foundation is not aware of any activities that would jeopardize its tax-exempt status. The Organization is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes. The tax returns for the fiscal years 2011 to 2013 are open to examination by federal, local, and state authorities.

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Grants from affiliate $1181996

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Grants to affilitates $2818346

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IRS990/Desc0Benedictine Health System Foundation Associated Foundations seek community support to enhance and/or expand services in the community served by BHS Participating Organizations. Nearly $4 million raised through community support was spent to renovate and/or expand living spaces, to purchase therapy wellness equipment and mobility courts, special resident room furnishings, specialized beds, a grand piano and ceiling lifts, to offer music therapy, to provide employee professional development, and to support various resident programs.Enhancing the residents' quality of life is one goal for many of BHSF Associated Foundations' projects. Due to economic conditions, operating funds cover only the necessities. Associated Foundations seek philanthropic support to enhance the lives of those served, providing the extras that operating funding cannot. Benedictine Health System corporate and facility employees further support the Mission by funding various programs. Funds raised through the corporate employee campaign are used to fund the fulfillment of residents' dreams, enhance spiritual care programs, jump start strategic initiatives such as palliative care and help fund facility projects. To date, Benedictine Health System employees have contributed more than $648,000 toward mission projects.
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IRS990/MissionDesc0The Benedictine Health System is a Catholic organization which owns and operates long term care facilities which provides care and services for individuals of need. The Benedictine Health System Foundation (BHSF) was established to coordinate, encourage, motivate and support the fund development efforts within Benedictine Health System and the BHSF supported organizations through Associated Foundations and to oversee the optimal investment and management of Associated Foundations' funds. BHSF Associated Foundations include: Benedictine Health Center Foundation, Duluth, MN; Benedictine Health Center of Minneapolis Foundation, Minneapolis, MN; Benedictine Health System Foundation, Duluth, MN; Benedictine Living Communities Foundation, (Bismarck, Dickinson, Ellendale, Garrison, LaMoure, and Wahpeton, ND); Benedictine Living Community of St. Peter Foundation, St. Peter, MN; Benedictine Living Community of Ada Foundation, Ada, MN; Cerenity Foundation, St. Paul, MN; Cerenity-Marian of Saint
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.1$0.37$22.7$6.30$3.65$2.65
2023Detailed filing. Detailed filing data is available for this year.$18.7$0.07$18.6$5.73$2.74$2.99
2022Detailed filing. Detailed filing data is available for this year.$14.9$0.04$14.9$3.32$2.42$0.90
2021Detailed filing. Detailed filing data is available for this year.$15.2$0.12$15.0$4.05$3.45$0.61
2020Detailed filing. Detailed filing data is available for this year.$12.8$0.13$12.6$4.71$4.00$0.71
2019Detailed filing. Detailed filing data is available for this year.$11.9$0.06$11.8$4.27$5.06$0.78
2018Detailed filing. Detailed filing data is available for this year.$12.0$0.02$12.0$4.00$8.96$4.96
2017Detailed filing. Detailed filing data is available for this year.$16.3$0.04$16.2$4.01$5.52$1.50
2016Detailed filing. Detailed filing data is available for this year.$17.1$0.05$17.0$5.10$5.63$0.53
2015Detailed filing. Detailed filing data is available for this year.$17.5$0.07$17.5$6.85$4.39$2.46
2014Detailed filing. Detailed filing data is available for this year.$15.3$0.02$15.3$6.62$6.21$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$0.02$14.2$8.54$8.24$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.16$13.5$4.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$0.08$11.5$4.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.16$10.5$1.75
Peer Organizations

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