Civic Intelligence

Benet Place South

990 • Fiscal year 2018 • EIN 41-1894399

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 24, 2019

1975 15th Avenue SESt Cloud, MN 56304

(320) 252-2557

Siviq Scores

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

Liabilities / Assets

98th percentile

1.88x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

12.04x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$73,601

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 30.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

27th percentile

-4.0%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

9.1%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,561,229

Down $65,440 (-4.0%) from 2017

Net Assets

Down

-$1,368,371

Down $62,456 (-4.8%) from 2017

Liabilities

Down

$2,929,600

Down $2,984 (-0.1%) from 2017

Revenue

Up

$243,240

Up $20,218 (+9.1%) from 2017

Expenses

Down

$305,696

Down $1,655 (-0.5%) from 2017

Net Income

Up

-$62,456

Up $21,873 (+26%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,159,623Liabilities 2011: $3,058,754Net Assets 2011: -$899,1312011Assets 2012: $2,082,907Liabilities 2012: $3,055,995Net Assets 2012: -$973,0882012Assets 2013: $1,994,580Liabilities 2013: $3,053,795Net Assets 2013: -$1,059,2152013Assets 2014: $1,886,133Liabilities 2014: $3,054,738Net Assets 2014: -$1,168,6052014Assets 2015: $1,817,071Liabilities 2015: $2,921,541Net Assets 2015: -$1,104,4702015Assets 2016: $1,707,697Liabilities 2016: $2,929,283Net Assets 2016: -$1,221,5862016Assets 2017: $1,626,669Liabilities 2017: $2,932,584Net Assets 2017: -$1,305,9152017Assets 2018: $1,561,229Liabilities 2018: $2,929,600Net Assets 2018: -$1,368,3712018Assets 2019: $1,512,961Liabilities 2019: $2,938,163Net Assets 2019: -$1,425,2022019Assets 2020: $1,485,784Liabilities 2020: $2,947,144Net Assets 2020: -$1,461,3602020Assets 2021: $1,424,624Liabilities 2021: $2,964,808Net Assets 2021: -$1,540,1842021Assets 2022: $1,354,471Liabilities 2022: $2,870,434Net Assets 2022: -$1,515,9632022Assets 2023: $1,289,119Liabilities 2023: $2,886,529Net Assets 2023: -$1,597,4102023Assets 2024: $1,161,367Liabilities 2024: $2,933,286Net Assets 2024: -$1,771,9192024

Highlighted filing

2018

Assets$1,561,229
Liabilities$2,929,600
Net Assets-$1,368,371

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $276,8192011Revenue 2012: $206,675Expenses 2012: $280,632Net Income 2012: -$73,9572012Expenses 2013: $286,2182013Revenue 2014: $204,881Expenses 2014: $314,271Net Income 2014: -$109,3902014Revenue 2015: $341,308Expenses 2015: $277,173Net Income 2015: $64,1352015Revenue 2016: $205,022Expenses 2016: $322,138Net Income 2016: -$117,1162016Revenue 2017: $223,022Expenses 2017: $307,351Net Income 2017: -$84,3292017Revenue 2018: $243,240Expenses 2018: $305,696Net Income 2018: -$62,4562018Revenue 2019: $262,119Expenses 2019: $318,950Net Income 2019: -$56,8312019Revenue 2020: $276,848Expenses 2020: $313,006Net Income 2020: -$36,1582020Revenue 2021: $255,274Expenses 2021: $334,098Net Income 2021: -$78,8242021Revenue 2022: $363,110Expenses 2022: $338,889Net Income 2022: $24,2212022Revenue 2023: $272,328Expenses 2023: $353,775Net Income 2023: -$81,4472023Revenue 2024: $464,119Expenses 2024: $659,988Net Income 2024: -$195,8692024

Highlighted filing

2018

Revenue$243,240
Expenses$305,696
Net Income-$62,456
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 24, 2019
Return Version
2017v2.3
Gross Receipts
$243,240
Mission and Program Overview

Mission

To provide affordable housing to very low income elderly persons.

Provide affordable housing to very low-income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,517,909$1,478,019▼ $39,890
Cash and Non-Interest-Bearing Accounts$5,721$2,924▼ $2,797
Prepaid Expenses and Deferred Charges$1,534$1,016▼ $518
Accounts Receivable$29--
Total Assets$1,626,669$1,561,229▼ $65,440
Other Assets Total$101,476$79,270▼ $22,206
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,899,900$2,899,900→ $0
Accounts Payable and Accrued Expenses$19,600$17,574▼ $2,026
Escrow Account Liability$13,084$12,126▼ $958
Total Liabilities$2,932,584$2,929,600▼ $2,984
Net Assets / Fund Balance
Unrestricted Net Assets$-1,305,915$-1,368,371▼ $62,456
Total Net Assets Fund Balance$-1,305,915$-1,368,371▼ $62,456
Total Liabilities and Net Assets / Fund Balance$1,626,669$1,561,229▼ $65,440

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,386,845$1,256,130$2,642,975
Equipment$28,253$101,813$130,066
Leasehold Improvements$11,596$98,815$110,411
Land$51,325-$51,325
Other Assets Org$67,142--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lori NorheimDirectorPT$73,601$73,601

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$238,489
Investment Income
$46
Other Revenue
$4,705
Change in Net Assets
$-62,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$243,240
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$243,240
Total Revenue per Form 990
$243,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$271,349
Salaries, Compensation, and Employee Benefits$34,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$130,605--$130,605
Depreciation Depletion$69,160--$69,160
Fees for Services Management-$30,446-$30,446
Current Officers, Directors, Trustees, and Key Employees$25,760--$25,760
Fees for Services Accounting-$13,825-$13,825
Other Salaries and Wages$8,587--$8,587
Office Expenses-$8,039-$8,039
Insurance$3,170--$3,170
Advertising-$1,352-$1,352
Information Technology-$1,095-$1,095
Interest$114--$114
Travel-$92-$92
Other Expenses$1,169$68-$68
Total Functional Expenses$250,286$55,410$0$305,696

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$305,696
Total Expenses per Audited Statements$305,696
Total Expenses per Form 990$305,696
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Per the organization's bylaws, board of directors shall be appointed by the board of directors of the saint cloud hospital. A person employed by the saint cloud hospital or st. Benedict's center may be appointed a director, but such person may not vote.

Form 990, Part VI, Section B, Line 11B

The 990 will be distributed to all board members via e-mail with directions to direct any questions or clarifications needed to management. The board will be asked to approve the final document.

Form 990, Part VI, Section B, Line 12C

The board members are required to review and sign a conflict of interest questionnaire on a bi-annual basis. All staff sign conflict of interest forms on an annual basis. The questionnaires are reviewed by the corporate compliance officer as well as the corporate compliance group (a compliance committee which includes internal members and outside counsel). The responses to the questionnaires are reviewed with the executive committee of the board. The corporate compliance officer is responsible for monitoring conflicts of interest related to board and staff, and to alert affected parties when a conflict arises. When an actual conflict arises, the affected party is asked to recuse him or herself from the decision making process. The corporate compliance officer attends board meetings and specified board committee meetings where conflict issues may arise.

Form 990, Part VI, Section B, Line 15A

The manager's compensation is independently reviewed annually with outside comparatives by human resources. The most recent fiscal review was conducted in fiscal year 2018.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Benet Place South
EIN
41-1894399
Phone
3202522557
Address
1975 15TH AVENUE SE, ST CLOUD, MN 56304

Signing Officer

Name
Gary Anderst
Title
Chief Financial Officer
Phone
3202522557
Signed
2019-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Kratzke
Formed
1997
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Cliftonlarsonallen Llp
Address
818 SECOND ST SO SUITE 320, WAITE PARK, MN 56387
Preparer
Christine M Stanz
Phone
3202035500
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The project holds in trust, security deposits advanced by the tenants of the project. The project records these deposits plus 1% simple interest as a liability.

PART X, LINE 2:

No provision for income taxes has been made in these financial statements. The project is a non-profit corporation and, therefore, is exempt from federal and state income taxes. The project is not a private foundation and contributions to the project qualify as a charitable deduction by the contributor.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc1LICENSE AND PERMITS
IRS990/OtherExpensesGrp/Desc2WORKSHOP/EDUCATION
IRS990/OtherExpensesGrp/Desc3BACKGROUND CHECKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0493
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt168
IRS990/OtherExpensesGrp/ProgramServicesAmt011721
IRS990/OtherExpensesGrp/ProgramServicesAmt11169
IRS990/OtherExpensesGrp/TotalAmt011721
IRS990/OtherExpensesGrp/TotalAmt11169
IRS990/OtherExpensesGrp/TotalAmt2493
IRS990/OtherExpensesGrp/TotalAmt368
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02897
IRS990/OtherRevenueMiscGrp/ExclusionAmt11808
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02897
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11808
IRS990/OtherRevenueTotalAmt04705
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08587
IRS990/OtherSalariesAndWagesGrp/TotalAmt08587
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01016
IRS990/PrincipalOfficerNm0SUSAN KRATZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0238489
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0238489
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt084
IRS990/PYOtherExpensesAmt0272461
IRS990/PYOtherRevenueAmt05485
IRS990/PYProgramServiceRevenueAmt0217453
IRS990/PYRevenuesLessExpensesAmt0-84329
IRS990/PYSalariesCompEmpBnftPaidAmt034890
IRS990/PYTotalExpensesAmt0307351
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0223022
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-62456
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0238489
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY - 2013 AMOUNT: $ 3,106. 2014 AMOUNT: $ 3,483. 2015 AMOUNT: $ 3,362. 2016 AMOUNT: $ 3,230. 2017 AMOUNT: $ 2,897. MISCELLANEOUS - 2013 AMOUNT: $ 2,432. 2014 AMOUNT: $ 2,453. 2015 AMOUNT: $ 2,376. 2016 AMOUNT: $ 2,255. 2017 AMOUNT: $ 1,808.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0135000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0135000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0212
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0263
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0238489
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0217453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0199133
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0200160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0199080
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01054315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0263
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0756
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04705
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05485
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05738
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05936
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05538
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027402
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93500
IRS990ScheduleA/PublicSupportPY509Pct00.96030
IRS990ScheduleA/PublicSupportTotal509Amt01138373
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt033489
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt017453
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt050942
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt033489
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt017453
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt050942
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0238489
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0217453
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0199133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0335160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0199080
IRS990ScheduleA/Total509Grp/TotalAmt01189315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0243240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0223022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0205022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0341308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0204881
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01217473
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01386845
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01256130
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02642975
IRS990ScheduleD/EquipmentGrp/BookValueAmt028253
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0101813
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130066
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0305696
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt051325
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt051325
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011596
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt098815
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0110411
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012128
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt167142
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FUNDED RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0243240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HOLDS IN TRUST, SECURITY DEPOSITS ADVANCED BY THE TENANTS OF THE PROJECT. THE PROJECT RECORDS THESE DEPOSITS PLUS 1% SIMPLE INTEREST AS A LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE PROJECT IS A NON-PROFIT CORPORATION AND, THEREFORE, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE PROJECT IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE PROJECT QUALIFY AS A CHARITABLE DEDUCTION BY THE CONTRIBUTOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01478019
IRS990ScheduleD/TotalBookValueOtherAssetsAmt079270
IRS990ScheduleD/TotalExpensesPerForm990Amt0305696
IRS990ScheduleD/TotalRevenuePerForm990Amt0243240
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0243240
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0305696
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PER THE ORGANIZATION'S BYLAWS, BOARD OF DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE SAINT CLOUD HOSPITAL. A PERSON EMPLOYED BY THE SAINT CLOUD HOSPITAL OR ST. BENEDICT'S CENTER MAY BE APPOINTED A DIRECTOR, BUT SUCH PERSON MAY NOT VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE DISTRIBUTED TO ALL BOARD MEMBERS VIA E-MAIL WITH DIRECTIONS TO DIRECT ANY QUESTIONS OR CLARIFICATIONS NEEDED TO MANAGEMENT. THE BOARD WILL BE ASKED TO APPROVE THE FINAL DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ON A BI-ANNUAL BASIS. ALL STAFF SIGN CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. THE QUESTIONNAIRES ARE REVIEWED BY THE CORPORATE COMPLIANCE OFFICER AS WELL AS THE CORPORATE COMPLIANCE GROUP (A COMPLIANCE COMMITTEE WHICH INCLUDES INTERNAL MEMBERS AND OUTSIDE COUNSEL). THE RESPONSES TO THE QUESTIONNAIRES ARE REVIEWED WITH THE EXECUTIVE COMMITTEE OF THE BOARD. THE CORPORATE COMPLIANCE OFFICER IS RESPONSIBLE FOR MONITORING CONFLICTS OF INTEREST RELATED TO BOARD AND STAFF, AND TO ALERT AFFECTED PARTIES WHEN A CONFLICT ARISES. WHEN AN ACTUAL CONFLICT ARISES, THE AFFECTED PARTY IS ASKED TO RECUSE HIM OR HERSELF FROM THE DECISION MAKING PROCESS. THE CORPORATE COMPLIANCE OFFICER ATTENDS BOARD MEETINGS AND SPECIFIED BOARD COMMITTEE MEETINGS WHERE CONFLICT ISSUES MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MANAGER'S COMPENSATION IS INDEPENDENTLY REVIEWED ANNUALLY WITH OUTSIDE COMPARATIVES BY HUMAN RESOURCES. THE MOST RECENT FISCAL REVIEW WAS CONDUCTED IN FISCAL YEAR 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$2.93$1.77$0.46$0.66$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.29$2.89$1.60$0.27$0.35$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.35$2.87$1.52$0.36$0.34$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.42$2.96$1.54$0.26$0.33$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.49$2.95$1.46$0.28$0.31$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.51$2.94$1.43$0.26$0.32$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.56$2.93$1.37$0.24$0.31$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.63$2.93$1.31$0.22$0.31$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.71$2.93$1.22$0.21$0.32$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.82$2.92$1.10$0.34$0.28$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.89$3.05$1.17$0.20$0.31$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$3.05$1.06$0.29
2012Summary only. Only limited summary data is available for this year.$2.08$3.06$0.97$0.21$0.28$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$3.06$0.90$0.28