2021-05-05T09:54:48-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 411704381 SAINT THERESE SAIN 9522832204 1660 HIGHWAY 100 S SUITE 103 ST LOUIS PARK MN 55416 CALVIN SHELANGOSKI CFO 9522832204 2021-04-28 1 JEFF VRIEZE P01273590 6123764500 2021-04-22 2019 2022-09-23 18:48:47Z BARB RODE 1660 HIGHWAY 100 S SUITE 103 ST LOUIS PARK MN 55416 16241014 0 X WWW.SAINTTHERESE.ORG X 1991 MN PROVIDING FUNDRAISING, PLANNING, AND OTHER SUPPORT TO AFFILIATED ORGANIZATIONS. X 9 9 0 45 0 0 2220444 9422513 42711375 5054527 607863 158673 2044529 834 47584211 14636547 114537 145949 0 0 19719123 3469623 0 0 250320 23911321 1849129 43744981 5464701 3839230 9171846 121302875 9765386 105810301 291263 15492574 9474123 X PROVIDING FUNDRAISING, PLANNING, AND OTHER SUPPORT TO AFFILIATED ORGANIZATIONS. 1 1 5029549 8860 5054527 SAINT THERESE IS A NONPROFIT FAITH-BASED ORGANIZATION THAT HAS FOCUSED ON THE WELL-BEING OF INDIVIDUALS SINCE IT OPENED IN 1968. WE PROVIDE SECURE, STRESS-FREE LIVING AND THE VERY BEST IN SENIOR CARE AND HOUSING WITH A COMMITMENT TO EACH INDIVIDUAL. SAINT THERESE OFFERS A TRUE CONTINUUM OF PROGRAMS AND SERVICES THAT ARE AVAILABLE IN YOUR OWN HOME OR IN ONE OF OUR COMMUNITY SETTINGS.THE OPERATIONS OF SAINT THERESE MANAGEMENT SERVICES, LLC INVOLVE PROVIDING CENTRAL MANAGEMENT FUNCTIONS TO SAINT THERESE AND ITS RELATED ORGANIZATIONS. 184832 137089 0 SAINT THERESE IS A NONPROFIT FAITH-BASED ORGANIZATION THAT HAS FOCUSED ON THE WELL-BEING OF INDIVIDUALS SINCE IT OPENED IN 1968. WE PROVIDE SECURE, STRESS-FREE LIVING AND THE VERY BEST IN SENIOR CARE AND HOUSING WITH A COMMITMENT TO EACH INDIVIDUAL. SAINT THERESE OFFERS A TRUE CONTINUUM OF PROGRAMS AND SERVICES THAT ARE AVAILABLE IN YOUR OWN HOME OR IN ONE OF OUR COMMUNITY SETTINGS.THE OPERATIONS OF SAINT THERESE FOUNDATION, LLC INVOLVE PLANNING AND HOSTING FUNDRAISING ACTIVITIES TO HELP SUPPORT THE FUNCTIONS OF SAINT THERESE AND ITS RELATED ORGANIZATIONS. 5214381 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 MN X STEVE BODE 9522832213 1660 HIGHWAY 100 S SUITE 103 ST LOUIS PARK MN 55416 BARB RODE PRESIDENT AND CEO 6.50 33.50 X 0 316687 11065 CALVIN SHELANGOSKI CFO 10.00 30.00 X 0 213754 5661 PATRICK TAFFE CHAIR 1.00 2.00 X X 0 0 0 JENNIFER SHALTZ VICE CHAIR 1.00 0.00 X X 0 0 0 JANE MCCROSSAN SECRETARY 1.00 1.00 X X 0 0 0 DAVID HOFFMANN TREASURER 1.00 1.00 X X 0 0 0 FR J MICHAEL BYRON DIRECTOR 1.00 0.00 X 0 0 0 CAREN GAYTKO DIRECTOR 1.00 0.00 X 0 0 0 DAVID KRENN DIRECTOR 1.00 1.00 X 0 0 0 STEVE MEADS DIRECTOR 1.00 1.00 X 0 0 0 KATHRYN WORNSON DIRECTOR 1.00 1.00 X 0 0 0 0 530441 16726 0 0 1 0 COMPUDYNE INC 1524 EAST 37TH STREET HIBBING MN 55746 IT SERVICES 256567 ULTIMATE SOFTWARE GROPU INC PO BOX 930953 ATLANTA GA 31193 PAYROLL SERVICES 201121 ALLSTREAM BUSINESS USA PO BOX 2966 MILWAUKEE WI 53201 PHONE SERVICE 156444 POINTCLICKCARE TECHNOLOGIES INC PO BOX 674802 DETROIT MI 48267 SOFTWARE SERVICE PROVIDER 152546 CLIFTONLARSONALLEN LLP PO BOX 776376 CHICAGO IL 60677 ACCOUNTING SERVICES 139351 6 79156 9000000 343357 9422513 MANAGEMENT FEE REVENUE 561000 5054527 5054527 5054527 231444 231444 1485413 1558184 -72771 -72771 -72771 44958 79156 44958 0 1970 1325 645 645 MISCELLANEOUS 900099 189 189 189 14636547 5054527 0 159507 X 145949 145949 579680 579680 2560886 2353688 207198 60939 60939 253416 253416 14702 14702 28903 28903 37607 37607 38330 5177 33153 614719 609585 5134 31002 31002 41549 41549 715100 715100 15020 13209 1811 30060 27793 2267 49897 49897 1454 1454 EQUIPMENT RENTAL & REPA 192506 192506 FOOD 24909 24909 DUES & SUBSCRIPTIONS 19428 18671 757 MISCELLANEOUS 8545 8545 100 100 5464701 5214381 0 250320 2697826 234269 4038025 20867 5503 9748 318492 124012 414170 299981 89590767 114189 16211481 9019997 1888000 0 6552781 242304 121302875 9765386 3465836 291263 8741316 0 91021197 0 4633 0 2577319 0 105810301 291263 X 13736102 8167194 1756472 1306929 15492574 9474123 121302875 9765386 X 9171846 -24931 -15165366 X X 0 1 X 1 0 X 1594126 586594 470245 1053363 9422513 13126841 1594126 586594 470245 1053363 9422513 13126841 13126841 790809 228186 247432 650205 231444 2148076 1607287 1629283 1652779 2053490 47117 6989956 22264873 132712283 0.58960 0.50620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME FROM VARIOUS SOURCES SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CASH & STOCK DATE: 09/24/18 AMOUNT: 1167081. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 571574 2916 9100 9100 574490 567299 4276 8900 8900 571574 508581 58718 8600 8600 567299 1967256 5429 500 1464604 508581 1861385 103483 2388 1967256 0.00000 1.00000 0.00000 1 0 144817 98819 45998 269353 201162 68191 114189 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENTS CONSIST OF INDIVIDUAL FUNDS ESTABLISHED BY DONOR RESTRICTIONS AS ENDOWMENTS RESTRICTED IN PERPETUITY, FOR WHICH THE EARNINGS SHALL BE DISTRIBUTED FOR THE BENEFIT OF THE ORGANIZATION AND ITS RELATED ORGANIZATIONS AT THE APPROVAL OF THE BOARD OF DIRECTORS. PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND MINNESOTA CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE FEDERAL INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION IN THE U.S. FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE, OR OTHER TAXES OR MAY JEOPARDIZE ITS TAX-EXEMPT STATUS. GALA 78511 49832 28679 500 20010 350 7819 TREE OF LIGHTS 22953 17420 5533 225 5308 1 22650 11904 10746 4793 3692 2261 124114 79156 44958 500 4793 23702 575 15388 44958 0 1 SAINT THERESE OF NEW HOPE 1660 HIGHWAY 100 SOUTH SUITE 103 ST LOUIS PARK MN 55416 410888641 501(C)(3) 70469 N/A N/A GENERAL SUPPORT SAINT THERESE COMMUNITIES 1660 HIGHWAY 100 SOUTH SUITE 103 ST LOUIS PARK MN 55416 205835911 501(C)(3) 66149 N/A N/A GENERAL SUPPORT 2 0 PART I, LINE 2: ALL GRANTS ARE MADE TO RELATED ORGANIZATIONS THAT ARE UNDER COMMON MANAGEMENT WHO REGULARLY MONITOR THE ACTIVITIES, REVENUES, AND EXPENDITURES OF THE RELATED ORGANIZATIONS. 0 0 0 0 0 0 0 0 0 BARB RODE PRESIDENT AND CEO 0 316687 0 0 0 0 0 9606 0 1459 0 327752 0 0 CALVIN SHELANGOSKI CFO 0 213754 0 0 0 0 0 4569 0 1092 0 219415 0 0 PART I, LINE 3 THE PRESIDENT & CEO'S COMPENSATION WAS DETERMINED BY SAINT THERESE OF NEW HOPE, A RELATED ORGANIZATION. SAINT THERESE OF NEW HOPE USED THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE PRESIDENT & CEO: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 5. FORM 990 OF OTHER ORGANIZATIONS NET ASSET TRANSFER TO RELATED ORGANIZATION DUE TO ORGANIZATIONAL RESTRUCTURE 2019-07-01 15211310 FAIR MARKET VALUE OF NET ASSETS TRANSFERRED 205835911 SAINT THERESE COMMUNITIES 1660 HIGHWAY 100 S SUITE 103 ST LOUIS PARK MN 55416 501(C)(3) 0 0 0 0 FORM 990, PART III, LINE 2 AT THE BEGINNING OF FISCAL YEAR 2020, THERE WAS A MAJOR ORGANIZATIONAL RESTRUCTURING DONE BY SAINT THERESE, FORMERLY ST. THERESE FOUNDATION, INC., THAT REARRANGED INEFFICIENCIES AND DUPLICATION OF EFFORT, IN AN EFFORT TO BETTER MANAGE OPERATING RISKS AND POTENTIAL LIABILITIES, ENHANCE FUNDRAISING AND THE PROTECTION OF INVESTMENT FUNDS AND ASSETS, MAINTAIN COMPLIANCE WITH FINANCIAL COVENANTS IN CONNECTION WITH LONG TERM DEBT FINANCINGS, AND BUILD STRONG PUBLIC RECOGNITION OF THE SAINT THERESE ORGNAIZATION AS A QUALITY PROVIDER OF SENIOR LIVING FACILITIES AND SERVICES IN THE TWIN CITIES METROPOLITAN AREA. DUE TO THIS RESTRUCTURING, SAINT THERESE TOOK ON THE MANAGEMENT SERVICES FROM SAINT THERESE OF NEW HOPE, A RELATED ORGANIZATION. FORM 990, PART III, LINE 3 DUE TO THE MAJOR ORGANIZATIONAL RESTRUCTURING, DESCRIBED ABOVE, THE PROGRAM SERVICES RELATING TO SAINT THERESE'S DISREGARDED LLCS WERE CEASED FOR SAINT THERESE AND MOVED TO SAINT THERESE COMMUNITIES, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS ENTIRELY COMPOSED OF THE GOVERNING BODY MEMBERS. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THIS CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND THE EXECUTIVE COMMITTEE SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 4 AT THE BEGINNING OF FISCAL YEAR 2020, SAINT THERESE (THE PARENT) WAS RESTRUCTURED AND REORGANIZED IN ORDER TO REDUCE INEFFICIENCIES AND DUPLICATION OF EFFORT, BETTER MANAGE OPERATING RISKS AND POTENTIAL LIABILITIES, ENHANCE FUNDRAISING AND THE PROTECTION OF INVESTMENT FUNDS AND ASSETS, MAINTAIN COMPLIANCE WITH FINANCIAL COVENANTS IN CONNECTION WITH LONG TERM DEBT FINANCINGS, AND BUILD STRONG PUBLIC RECOGNITION OF THE SAINT THERESE ORGANIZATION AS A QUALITY PROVIDER OF SENIOR LIVING FACILITIES AND SERVICES IN THE TWIN CITIES METROPOLITAN AREA. DUE TO THIS RESTRUCTURING, ST. THERESE FOUNDATION, INC.'S NAME WAS CHANGED TO SAINT THERESE, AND THE GOVERNING DOCUMENTS OF THIS ORGANIZATION HAVE BEEN APPROVED AND AUTHORIZED FOR SUCH CHANGE. IN ADDITION, TWO LLC'S WERE CREATED, SAINT THERESE MANAGEMENT SERVICES, LLC AND SAINT THERESE FOUNDATION, LLC. SAINT THERESE MANAGEMENT SERVICES, LLC, WITH THE PARENT AS THE SOLE MEMBER, SHALL TAKE APPROPRIATE STEPS TO TRANSFER ASSETS, STAFF, CONTRACTS, LEASES, AND RELATED MANAGEMENT AND ADMINISTRATIVE OPERATIONS FROM THE PARENT TO THE NEW LIMITED LIABILITY COMPANY FOR THE PURPOSE OF RELOCATING THE CENTRAL OFFICE MANAGEMENT FUNCTIONS FOR THE SAINT THERESE ORGANIZATION FROM THE PARENT TO SAINT THERESE MANAGEMENT SERVICES, LLC. SAINT THERESE FOUNDATION, LLC, WITH THE PARENT AS THE SOLE MEMBER, SHALL TAKE APPROPRIATE STEPS TO TRANSFER THE SURPLUS FUNDS CURRENTLY HELD BY THE PARENT FOR LONG-TERM PURPOSES FROM THE PARENT TO SAINT THERESE FOUNDATION, LLC FOR THE PURPOSE OF RELOCATING THE FUND PRESERVATION AND INVESTMENT FUNCTIONS AND THE PRIMARY FUNDRAISING FUNCTIONS FOR THE SAINT THERESE ORGNAIZATION FORM THE PARENT TO SAINT THERESE FOUNDATION, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY MANAGEMENT EMPLOYEES ARE ANNUALLY REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. THE DISCLOSURES ARE REPORTED TO THE BOARD OF DIRECTORS, WHO DETERMINE THE LEVEL OF POTENTIAL CONFLICT. POTENTIAL CONFLICTS OF INTEREST FOR THE ORGANIZATION INCLUDE ANY CONTRACT OR TRANSACTION BETWEEN (A) ONE OR MORE OF ITS DIRECTORS, OFFICERS, OR KEY EMPLOYEES, (B) A DIRECTOR, OFFICER, OR KEY EMPLOYEE OF A RELATED ORGANIZATION (WITHIN THE MEANING OF MINNESOTA STATUTES, SECTION 317A.11, SUBD. 18), OR (C) AN ORGANIZATION IN WHICH OR OF WHICH A DIRECTOR, OFFICER, OR KEY EMPLOYEE IS ALSO 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 PARTY'S INTEREST ARE FULLY DISCLOSED IN WRITING TO THE BOARD OF DIRECTORS PRIOR TO ANY ACTION, AND THE BOARD OF DIRECTORS AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DIRECTORS. INDIVIDUALS ASSESSED AS HAVING MATERIAL CONFLICTS OF INTEREST ARE ASKED TO REFRAIN FROM VOTING ON ANY ACTION THAT MAY BE INFLUENCED BY THE CONFLICT, WHICH IS REFLECTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE PRESIDENT & CEO, CFO AND OTHER KEY EMPLOYEES IS DETERMINED BY SAINT THERESE OF NEW HOPE, AN AFFILATED ORGANIZATION. THE PROCESS OF DETERMINING THE COMPENSATION OF THE PRESIDENT & CEO INCLUDES REVIEW AND APPROVAL BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, WITH THE HELP OF AN INDEPENDENT COMPENSATION CONSULTANT AND SALARY SURVEYS. THIS PROCESS WAS LAST COMPLETED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE PROVIDED TO THE BOND TRUSTEE, WHO DISTRIBUTES THEM TO THE ELECTRONIC MUNICIPAL MARKET ACCESS SYSTEM. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 609,585. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 5,134. TOTAL EXPENSES 614,719. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER FOR ORGANIZATIONAL RESTRUCTURE -15,211,310. GAIN ON RELEASE OF TEMP REST NA WITH ORG RESTRUCTURE 45,944. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTION AND OVERSIGHT OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART IX, LINE 5: THE CORPORATE PAYROLL OPERATIONS FOR THE SAINT THERESE ORGANIZATION WERE DELEGATED TO SAINT THERESE OF NEW HOPE THROUGH DECEMBER 31, 2019 AND WERE TRANSFERRED TO SAINT THERESE (THE PARENT ORGANIZATION) AS OF JANUARY 1, 2020. FOR THE FIRST SIX MONTHS OF THE FISCAL YEAR, SAINT THERESE CONTRACTED THEIR MANAGEMENT EMPLOYEES FROM SAINT THERESE OF NEW HOPE. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR SAINT THERESE SHOW ALL CORPORATE PAYROLL AS AN EXPENSE OF SAINT THERESE FOR THE ENTIRETY OF FISCAL YEAR 2020. BECAUSE OF THIS DIFFERENCE IN TIMELINES, THE SALARIES ON PART VII OF THE RETURN ARE BEING SHOWN AS BEING PAID BY SAINT THERESE OF NEW HOPE FORM 990 TO LINE UP WITH THE TREATMENT FOR CALENDAR YEAR 2019, AND THE FISCAL YEAR SALARY EXPENSES WILL BE SHOWN ON THE SAINT THERESE FORM 990 TO LINE UP WITH THE FINANCIAL STATEMENTS. SAINT THERESE FOUNDATION LLC 1660 HIGHWAY 100 SOUTH SUITE 103 ST LOUIS PARK MN 55416 843872852 FUNDRAISING MN 469630 9501505 SAINT THERESE SAINT THERESE MANAGEMENT SERVICES LLC 1660 HIGHWAY 100 SOUTH SUITE 103 ST LOUIS PARK MN 55416 843866557 MANAGEMENT SERVICES MN 5054527 263881 SAINT THERESE SAINT THERESE OF NEW HOPE 1660 HIGHWAY 100 SOUTH SUITE 103 ST LOUIS PARK MN 55416 410888641 HOUSING & NURSING CARE FOR THE ELDERLY MN 501(C)(3) LINE 10 SAINT THERESE 1 SAINT THERESE COMMUNITIES 1660 HIGHWAY 100 SOUTH SUITE 103 ST LOUIS PARK MN 55416 205835911 HOUSING & NURSING CARE FOR THE ELDERLY MN 501(C)(3) LINE 10 SAINT THERESE 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 SAINT THERESE OF NEW HOPE B 70469 FMV SAINT THERESE COMMUNITIES C 6500000 FMV SAINT THERESE COMMUNITIES Q 2551686 FMV SAINT THERESE OF NEW HOPE Q 2502841 FMV SAINT THERESE COMMUNITIES B 66149 FMV SAINT THERESE OF NEW HOPE C 2500000 FMV