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Religion : Religious Activities

The Labouré Society

Help Rescue Vocations!

two stars

75.21

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

Board Leadership
William S. Bojan
President

CEO
John Flanagan
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 75.21 two stars
  Financial 68.32 one star
  Accountability & Transparency 85.00 three stars
This rating was published 02/01/2020 and includes data from FY2018, 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.

Impact Information

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Reported Results
Total in 2018
Amount of money raised by each aspirants class
1,130,050
Number of future priests or religious delivered into formation
18
Total number of aspirants assisted since Laboure's founding in 2003
28
This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

one star

68.32

Accountability & Transparency

three stars

85.00

This rating was published 02/01/2020 and includes data from FY2018, 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)
72.1%
  Administrative Expenses 11.0%
  Fundraising Expenses 16.7%
  Fundraising Efficiency $0.20
  Working Capital Ratio (years) 0.40
  Program Expenses Growth 2.5%
  Liabilities to Assets 71.4%
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) 75.21 two stars
Capitol Commission (NC) 85.40 three stars
Youth For Christ of Northern Indiana (IN) 87.30 three stars
The Pocket Testament League (PA) 90.46 four stars
Mission Waco Mission World (TX) 97.80 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,034,885
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,034,885
   Program Service Revenue $0
Total Primary Revenue $2,034,885
   Other Revenue $32,993
TOTAL REVENUE $2,067,878
   
EXPENSES  
   Program Expenses $1,480,966
   Administrative Expenses $50,371
   Fundraising Expenses $295,404
TOTAL FUNCTIONAL EXPENSES $1,826,741
   
Payments to Affiliates $0
Excess (or Deficit) for the year $241,137
   
Net Assets $925,929

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
Supporting Priesthood Loan Resolution $1,480,966 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 02/01/2020 75.21 two stars
2017-12 12/21/2018 80.17 three stars
2016-12 03/01/2018 81.49 three stars
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, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$70,495 3.85% John Flanagan Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
The Labouré Society (MN) 75.21 two stars
Institute for Creation Research (TX) 91.24 four stars
Forgotten Man Ministries (MI) 86.34 three stars
Rocketown of Middle Tennessee (TN) 87.72 three stars
Support Our Aging Religious (DC) 86.36 three stars

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This charity has an official representative registered with Charity Navigator.

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 S. Bojan
President

CEO

John Flanagan
Executive Director

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