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Religion : Religious Activities

The Labouré Society

Help Rescue Vocations!

three stars

88.14

1365 Corporate Center Curve Suite #104
Eagan, MN 55121
tel: (651) 295-2548   Web Site
EIN: 41-2001751

Board Leadership
William Bojan
President

CEO
John O. Flanagan
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.14 three stars
  Financial 92.50 four stars
  Accountability & Transparency 85.00 three stars
This rating was published 05/01/2017 and includes data from FY2015, the most recent 990 received at that time.

Founded in 2003, The Labouré Society rescues Catholic vocations from the barrier of student loan debt. The vast majority of seminaries and religious communities will not accept into formation men and women who have outstanding student loan debt. The communities cannot absorb that debt and they cannot pay off that debt with their own funding. Through a Catholic based fund raising model Labouré teaches future priests, sisters and brothers how to fundraise for vocations as a collective class of “aspirants” to priesthood or religious life. Using the Labouré model aspirants erase significant student loan debt in months rather than years. Since 2003, Labouré has delivered close to 300 aspirants into formation, and 80% of those aspirants have gone on to final ordination or profession of final vows. No other Catholic lay organization in the country is having the kind of impact Labouré is having on delivering vocations to the Catholic church, vocations which—but for Labouré—would be lost to the church forever.

Founded in 2003, The Labouré Society rescues Catholic vocations from the barrier of student loan debt. The vast majority of seminaries and religious communities will not accept into formation men and women who have outstanding student loan debt. The communities cannot absorb that debt and they cannot pay off that debt with their own funding. Through a Catholic based fund raising model Labouré teaches future priests, sisters and brothers how to fundraise for vocations as a collective class of “aspirants” to priesthood or religious life. Using the Labouré model aspirants erase significant student loan debt in months rather than years. Since 2003, Labouré has delivered close to 300 aspirants into formation, and 80% of those aspirants have gone on to final ordination or profession of final vows. No other Catholic lay organization in the country is having the kind of impact Labouré is having on delivering vocations to the Catholic church, vocations which—but for Labouré—would be lost to the church forever.

Results Information

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This results data is current as of November 2017, when it was provided to us by GuideStar. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

four stars

92.50

Accountability & Transparency

three stars

85.00

This rating was published 05/01/2017 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
86.0%
  Administrative Expenses 5.6%
  Fundraising Expenses 8.2%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 1.52
  Program Expenses Growth 75.9%
  Liabilities to Assets 46.7%
All data for Financial Performance Metrics calculations was provided by The Labouré Society on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Labouré Society on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Labouré Society (MN) 88.14 three stars
CBMC (TN) 86.58 three stars
Youth for Christ, Miami (FL) 97.64 four stars
YouthFront (KS) 86.65 three stars
Desire Street Ministries (GA) 92.95 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,121,458
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $3,121,458
   Program Service Revenue $0
Total Primary Revenue $3,121,458
   Other Revenue $2,526
TOTAL REVENUE $3,123,984
   
EXPENSES  
   Program Expenses $1,374,586
   Administrative Expenses $108,287
   Fundraising Expenses $195,441
TOTAL FUNCTIONAL EXPENSES $1,678,314
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,445,670
   
Net Assets $1,808,958

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Support those entering the priesthood or religious life $1,374,586 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-12 05/01/2017 88.14 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-2001751
Name in IRS Master File LABOURE SOCIETY
NTEE Code T30
NTEE Classification Public Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 2002
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$107,426 6.40% Cy D. Laurent Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Labouré Society (MN) 88.14 three stars
Bill Glass Behind the Walls (TX) 96.66 four stars
America's Keswick (NJ) 88.70 three stars
Shelterwood Academy (MO) 86.10 three stars
Mission Waco Mission World (TX) 95.02 four stars

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Charity Contact Info

The Labouré Society
1365 Corporate Center Curve
Suite #104
Eagan, MN 55121
tel: (651) 295-2548
EIN: 41-2001751

Visit Web Site

Board Leadership

William Bojan
President

CEO

John O. Flanagan
Executive Director

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