Benedictine Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411513014 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Benedictine Foundation?

The Benedictine Foundation is a nonprofit organization, established to support the fundraising initiatives of Benedictine Health System and its affiliated organizations. Based in Minneapolis, Minnesota, the foundation's mission is to promote inclusive communities, assist individuals in living well, and prioritize the needs of the underserved. It achieves this by coordinating, motivating, and encouraging fundraising efforts within Benedictine Health System and its associated foundations, which include entities in various locations throughout the Midwest and North Dakota. The Benedictine Foundation manages funds for these associated organizations to ensure optimal investment and management.


Official website here: www.benedictineliving.org

What are the reviews and ratings of this charity?

Charity Navigator Rating 97% - Four-Star out of Four Star Rating

Benedictine Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scores exceptionally well across various metrics, including 100% for Accountability & Finance, indicating a transparent and well-governed operation. These ratings are based on solid practices such as having an independent board and robust financial oversight mechanisms.

User feedback from Great Nonprofits echoes this positive assessment, with a notable 5-star review highlighting the foundation's caring approach and understanding of community needs. The reviewer emphasizes the organization's dedication to impactful initiatives, suggesting that it effectively addresses critical issues within its operational scope.

While the data does not cite any specific limitations, the overwhelmingly positive ratings and user feedback indicate that the Benedictine Foundation operates with integrity and purpose. This strong performance positions them well within the nonprofit sector, making them a trusted choice for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Benedictine Foundation legitimate?

Benedictine Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benedictine Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.benedictineliving.org

What is the mission statement of Benedictine Foundation?

The Benedictine Foundation's mission is to facilitate and strengthen fundraising activities within the Benedictine Health System and its associated organizations. Established with the purpose of coordinating, motivating, and supporting fund development efforts, the foundation oversees the optimal investment and management of associated foundation funds. The Benedictine Foundation consists of 24 associated foundations that collectively work towards supporting senior care and enhancing the lives of those they serve, with a special focus on underserved individuals.


Official website here: www.benedictineliving.org

Who is the CEO of Benedictine Foundation?

Jerry Carley is the Ceo Of Bhs of Benedictine Foundation. The CEO's salary of Benedictine Foundation is $0 and their total compensation is $832,390.


Official website here: www.benedictineliving.org

What is the revenue of Benedictine Foundation?

Benedictine Foundation's revenue in 2022 was $3,315,760.


Official website here: www.benedictineliving.org

Who are the executives of Benedictine Foundation and what are their salaries?

There 250 volunteers at Benedictine Foundation.


Here are 11 key members and their salaries (Benedictine Foundation's CEO's salary is $0 and their total compensation is $832,390):


Jerry Carley (Ceo Of Bhs)
  • Compensation: $0
  • Related: $698,969
  • Other: $133,421
Kevin Rymanowski (Cfo Of Bhs & Treasurer)
  • Compensation: $0
  • Related: $421,705
  • Other: $75,427
Laurie Hennen (President)
  • Compensation: $0
  • Related: $203,063
  • Other: $39,594
Tracy Lehn (Director)
  • Compensation: $0
  • Related: $160,012
  • Other: $22,544
Jane Dolter (Chair (Through Aug 2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Greff (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Essig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judie Kanten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sr Doreen King Osb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Nett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Tanner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.benedictineliving.org

Where can I find the form 990 for Benedictine Foundation?

Benedictine Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.benedictineliving.org

Learn more at the official website: www.benedictineliving.org

Mission Statement of Benedictine Foundation

The Benedictine Foundation, previously known as the Benedictine Health System Foundation, was established with a mission to coordinate, encourage, and motivate the fund development activities within Benedictine Health System and its supported organizations. The primary role of this foundation is to support the fundraising efforts of Benedictine and its associated organizations through various associated foundations. It also ensures the optimal investment and management of these foundations' funds.

The Benedictine Foundation is a crucial component of Benedictine Health System, a faith-based organization dedicated to advancing senior care. This foundation embodies the Benedictine Sisters of Duluth, Minnesota's life-enhancing senior care ministry. The mission of the Benedictine Foundation is to create inclusive communities, support individuals to live well and with purpose, and exhibit special concern for the underserved. It achieves this by coordinating, encouraging, and motivating fundraising activities within Benedictine and its associated organizations.

In essence, the Benedictine Foundation acts as a bridge between Benedictine Health System and its supported organizations, facilitating fundraising efforts and ensuring the optimal use of funds to support senior care and other related initiatives. By doing so, it upholds the mission of Benedictine Health System to advance senior care and witness God's love by creating inclusive communities and supporting those they serve.

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Impact




July, 2024

The Benedictine Foundation's impact is seen in its role of coordinating, encouraging, motivating, and supporting fund development activities within the Benedictine Health System and its associated organizations. By overseeing the optimal investment and management of associated foundations' funds, the foundation plays a crucial role in advancing the life-enhancing senior care ministry of the Benedictine Sisters of Duluth, Minnesota. This work reflects the foundation's mission to witness to God's love by creating inclusive communities and supporting those it serves to live well and with purpose, with special concern for the underserved. With 24 associated foundations under its umbrella, the Benedictine Foundation's reach extends to various cities and states, making a significant impact in the realm of health and senior care.




This information is meant to be a general summary of Benedictine Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,315,760 (2022)
Expenses
$2,419,488 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $71,449
  • Program Service Revenue: $52,423
  • Gross Receipts: $3,448,025

Assets and Liabilities:

  • Total Assets: $14,894,804
  • Total Liabilities: $42,178
  • Net Assets: $14,852,626

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SUPPORT REVENUE

Revenue

$52,423

Organization Details

Founding Year

1984

Principal Officer

Jerry Carley

Main Address

6499 UNIVERSITY AVE NE 300, MINNEAPOLIS, MN, 55432

NTEE Category

Code: E12 - Health

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