Overview
What is The Laboure Society Inc?
The Laboure Society Inc, situated in Eagan, Minnesota, is a nonprofit organization with a mission to offer spiritual support and material assistance. Their primary objective is to provide financial aid to individuals seeking to eliminate personal debt, enabling them to pursue their vocation towards priesthood or religious life within the Catholic Church. Established with this purpose, the organization boasts a team of 14 dedicated individuals committed to helping aspiring religious leaders overcome financial barriers.
Official website here: www.labouresociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90%
The Laboure Society Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating strong accountability and transparency in its operations. With a top score in areas such as independent board governance and financial oversight, the organization demonstrates a commitment to ethical practices and effective fund management. The program expense ratio is notably high at 82.37%, reflecting a significant portion of funds directed towards its mission of alleviating student loan debt for those pursuing religious vocations.
User feedback is overwhelmingly positive, with clients and volunteers praising the supportive nature of the organization and its impactful training programs. Many individuals have shared their success stories, highlighting how the Laboure Society helped them mitigate their debt and fulfill their calling to religious life. The staff is described as professional, compassionate, and dedicated, providing not only financial assistance but also spiritual guidance and community support during the fundraising process.
Despite the majority of positive reviews, there are some critical voices that raise concerns about the organization's practices. A few individuals have reported dissatisfaction regarding transparency and the handling of personal information. However, these negative reviews are significantly outnumbered by the positive testimonials that emphasize the transformative impact of the Laboure Society on the lives of aspiring religious individuals. Overall, the organization is viewed as a vital resource for those needing assistance in overcoming financial barriers to their vocations.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Laboure Society Inc?
90% of 15 reviewers on Facebook recommend The Laboure Society Inc. Here is a summary of their reviews:
Many supporters express a strong belief in the organization's mission, highlighting its commitment to enhancing vocations within the Catholic Church. They see this work as vital and necessary, describing it as one of the most important apostolates of our time.
Overall, the sentiment is overwhelmingly positive, with individuals encouraging others to support The Laboure Society in its endeavors. They appreciate the organization's role in addressing a significant need within the community and express a willingness to engage with its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is The Laboure Society Inc legitimate?
The Laboure Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Laboure Society Inc 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: $163,809
Professional Fundraising Fees: $0
Other Salaries and Wages: $696,540
For more financial information, click here
Official website here: www.labouresociety.org
What is the mission statement of The Laboure Society Inc?
The Laboure Society Inc's mission is centered around providing financial aid to individuals who are seeking to pursue a vocation in the priesthood or religious life within the Catholic Church. This aid is specifically meant to help them eliminate any personal debt, allowing them to focus on their spiritual journey. Established with the aim of offering both spiritual support and material assistance, The Laboure Society plays a crucial role in resolving student loan issues for those embarking on formation for the priesthood or religious life.
Official website here: www.labouresociety.org
Who is the CEO of The Laboure Society Inc?
Bill Bojan is the Secretary of The Laboure Society Inc.
Official website here: www.labouresociety.org
What is the revenue of The Laboure Society Inc?
The Laboure Society Inc's revenue in 2022 was $2,397,549.
Official website here: www.labouresociety.org
Who are the executives of The Laboure Society Inc and what are their salaries?
The average compensation at The Laboure Society Inc during 2022 was $61,454. There are 14 employees and 30 volunteers at The Laboure Society Inc.
Here are 13 key members and their salaries:
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- Compensation: $73,651
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Official website here: www.labouresociety.org
Where can I find the form 990 for The Laboure Society Inc?
The Laboure Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.labouresociety.org
Learn more at the official website: www.labouresociety.org
Mission Statement of The Laboure Society Inc
The Laboure Society Inc is a nonprofit organization dedicated to providing financial assistance to individuals who aspire to pursue their vocation in the priesthood or religious life within the Catholic Church. Their mission is rooted in resolving personal debt, a common challenge faced by those embarking on this spiritual journey. Established with the aim of offering both spiritual support and material assistance, the society focuses on helping individuals eliminate their student loan debts, thereby enabling them to fully commit to their chosen religious path. The Laboure Society Inc plays a significant role in facilitating the pursuit of spiritual callings, ensuring that financial obstacles do not hinder individuals from answering their divine calls.
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Impact
July, 2024
The Laboure Society Inc's impact is profound and unique. By providing financial assistance to individuals who need to eliminate personal debt in order to pursue their vocation to priesthood or religious life in the Catholic Church, The Laboure Society is enabling individuals to follow their calling without the burden of debt holding them back. Through its mission of offering spiritual support and material assistance to resolve student loans for those entering formation for priesthood or religious life, The Laboure Society is helping to support the growth of the Catholic Church and the fulfillment of individuals' vocations.
This information is meant to be a general summary of The Laboure Society Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $53,820
- Gross Receipts: $2,397,549
Assets and Liabilities:
- Total Assets: $5,329,471
- Total Liabilities: $3,295,151
- Net Assets: $2,034,320
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Organization Details
Founding Year
2002
Phone
(651) 452-1160Principal Officer
Bill Bojan
Main Address
1365 CORPORATE CENTER CURVE 104, EAGAN, MN, 551211276
Website
www.labouresociety.orgNTEE Category
Code: T30 - Philanthropy
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