St. Luke's Community House
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$4,152,881.00
Projected Expenses
$4,309,167.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter Reclassification to PC | 2023 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $5,092,630.00 | $4,624,557.00 | $3,594,786.00 |
| Total Expenses | $4,541,792.00 | $3,810,109.00 | $2,998,279.00 |
| Revenue Less Expenses | $550,838.00 | $814,448.00 | $596,507.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $1,373,241.00 | $1,392,960.00 | $897,985.00 |
| Contributions, Gifts, and Grants | $1,551,774.00 | $1,564,621.00 | $1,584,274.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,482,274.00 | $1,273,832.00 | $853,106.00 |
| Investment Income, Net of Losses | $121,591.00 | $12,770.00 | $141,566.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $139,063.00 | $67,279.00 | $85,173.00 |
| Revenue In-Kind | $39,157.00 | $0.00 | $0.00 |
| Other | $385,530.00 | $313,095.00 | $32,682.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,550,845.00 | $3,101,175.00 | $2,325,222.00 |
| Administration Expense | $649,350.00 | $459,635.00 | $429,072.00 |
| Fundraising Expense | $341,597.00 | $249,299.00 | $243,985.00 |
| Total Revenue/Total Expenses | 112% | 121% | 120% |
| Program Expense/Total Expenses | 78% | 81% | 78% |
| Fundraising Expense/Contributed Revenue | 8% | 7% | 8% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,551,774.00 | Contributions, Gifts, and Grants $1,564,621.00 | Contributions, Gifts, Grants $1,584,274.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $1,482,274.00 | Government Grants $1,392,960.00 | Government Grants $897,985.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $1,373,241.00 | Program Revenue $1,273,832.00 | Program Revenue $853,106.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,629,365.00 | $7,149,867.00 | $6,589,797.00 |
| Current Assets | $7,913,934.00 | $3,123,947.00 | $2,225,900.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $188,268.00 | $130,593.00 | $137,945.00 |
| Total Net Assets | $7,725,666.00 | $7,019,274.00 | $6,451,852.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$713,485.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| St. Luke's accounts for contributions in accordance with SFAS No. 116 and presents its financial statements in accordance with SFAS No. 117. We account for our investments in accordance with SFAS No. 124. An independent audit is conducted annually, and the auditors present their report in person to the Executive Committee and then in written form to the full Board. Monthly financial statements are prepared by the Comptroller for the Executive Director, who in turn provides the financial statements, with comments, to the Board Treasurer, the Executive Committee and the Board. In addition, the Resource Development committee reviews annual campaign revenues; the Capital Campaign committee reviews capital campaign income and expenditures; and the Endowment Campaign committee reviews endowment income, campaign expenses and endowment funds management. |
Foundation Staff Comments
| Financial figures are taken from the 990 and audit. 990 was prepared by Blankenship CPA Group, PLLC. Contributions, Gifts, and Grants figure include contributions from Foundations & Corporations. Form 990 and Audit reconcile. Comments provided by Nicole Rose 09/30/2024. |
