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

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
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.
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

Charts

Compensation % of Expenses Paid to Title
$70,495 3.85% John Flanagan Executive Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Labouré Society (MN) 75.21 two stars
Prager University Foundation (CA) 91.02 four stars
Forgotten Man Ministries (MI) 86.34 three stars
Desire Street Ministries (GA) 94.60 four stars
Bill Glass Behind the Walls (TX) 93.91 four stars

Compare These Charities (Highly Rated)

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