2025-08-25T12:56:14-05:00 2024-12-31 200472826 BGM CPA LLC 7900 INTERNATIONAL DR STE 800 BLOOMINGTON MN 554251581 990 2024-01-01 412001751 THE LABOURE SOCIETY INC LABO 6514521160 1365 CORPORATE CENTER CURVE 104 EAGAN MN 551211276 THOMAS GILBERT TREASURER 6514521160 2025-08-05 1 0 JEROME REUTZEL P00187534 9528442500 2025-08-05 2024 2025-03-06 01:10:19Z THOMAS GILBERT 1365 CORPORATE CENTER CURVE 104 EAGAN MN 551211276 3488575 0 X WWW.LABOURESOCIETY.ORG X 2002 MN PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO MUST ELIMINATE PERSONAL DEBT IN ORDER TO PURSUE THEIR VOCATION TO PRIESTHOOD OR RELIGIOUS LIFE IN THE CATHOLIC CHURCH. 11 11 17 29 0 0 2711264 3191858 0 0 179989 294408 11280 2309 2902533 3488575 873452 1026353 0 0 995116 975098 0 0 324677 685519 587099 2554087 2588550 348446 900025 5896478 7136609 3513711 3853817 2382767 3282792 PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS WHO MUST ELIMINATE PERSONAL DEBT IN ORDER TO PURSUE THEIR VOCATION TO PRIESTHOOD OR RELIGIOUS LIFE IN THE CATHOLIC CHURCH. 0 0 2161476 1026353 2309 THE LABOURE SOCIETY WAS ESTABLISHED TO PROVIDE SPIRITUAL SUPPORT AND MATERIAL ASSISTANCE TO RESOLVE EDUCATIONAL DEBT FOR THOSE ENTERING FORMATION FOR PRIESTHOOD OR RELIGIOUS LIFE. 2161476 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 7 0 1 17 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X X X JOHN FLANAGAN 6514521160 1365 CORPORATE CENTER CURVE SUITE EAGAN MN 55121 SR JOSEPHINE GARRETT CSFN SECRETARY 1.00 X X 0 0 0 SHERRY NILLES DIRECTOR 1.00 X 0 0 0 LIAM ROGERS DIRECTOR 1.00 X 0 0 0 JULIA GRAY DIRECTOR 1.00 X 0 0 0 THOMAS GILBERT TREASURER 1.00 X X 0 0 0 SCOTT HUSSEY PRESIDENT 1.00 X X 0 0 0 ANN HOEDEMAN DIRECTOR 1.00 X 0 0 0 SCOTT WIDMAN DIRECTOR 1.00 X 0 0 0 FR BILL DUFFERT DIRECTOR 1.00 X 0 0 0 NANCY AHLGREN DIRECTOR 1.00 X 0 0 0 BRAD SHARP DIRECTOR 1.00 X 0 0 0 JOHN FLANAGAN EXECUTIVE DIRECTOR 40.00 X 123528 0 0 DAVID JOHNSON FINANCE DIRECTOR 40.00 X 104685 0 0 228213 0 0 2 0 0 0 0 3191858 29206 3191858 294408 294408 OTHER INCOME 900099 2309 2309 2309 3488575 2309 0 294408 1026353 1026353 228213 156767 18123 53323 556844 395129 50177 111538 120364 74693 5787 39884 69677 43239 3350 23088 365 237 23 105 16499 10724 1023 4752 14015 10075 3940 94316 66692 27624 135020 101524 4829 28667 49220 31993 3052 14175 15252 13786 386 1080 23508 23508 14939 11951 2988 ASPIRANT TRAINING 117219 117082 137 DUES AND SUBSCRIPTIONS 59101 41371 5910 11820 TELECOMMUNICATIONS 45440 36352 4544 4544 BOARD OF DIRECTOR PLANN 2205 2205 2588550 2161476 102397 324677 747424 1000384 3849949 6012074 12178 12580 108776 68175 17234 40601 1181364 51704 88329 19266 5896478 7136609 33613 25489 3480098 3828328 3513711 3853817 X 2382767 3282792 2382767 3282792 5896478 7136609 900025 0 X X 0 1 X 1 0 X 2578375 2927512 2343654 2711264 3374858 13935663 2578375 2927512 2343654 2711264 3374858 13935663 13935663 47856 26196 53820 179989 294408 602269 14537932 0.95860 0.96170 X 0.96170 0.02810 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108776 68175 40601 40601 ASPIRANT AWARDS 3752306 OPERATING LEASE OBLIGATION 19266 ANNUITY PAYMENT LIABILITY 56756 3828328 X 3671575 183000 183000 3488575 0 3488575 2771550 183000 183000 2588550 0 2588550 PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE DECEMBER 31, 2021. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED. 1 PROVIDE ASSISTANCE TO INDIVIDUALS, WHO MUST RESOLVE STUDENT LOANS IN ORDER TO PURSUE THEIR VOCATION TO PRIESTLY AND/OR RELIGIOUS LIFE IN THE CATHOLIC CHURCH. 30 1026353 PART I, LINE 2: ASPIRANTS REQUEST RESOLUTION OF EDUCATIONAL DEBT. THE BOARD OF DIRECTORS REVIEWS THE GRANT APPLICATIONS AND ALLOCATES FUNDS BASED ON THEIR GRANT SELECTION PROCESS. THE LABOURE SOCIETY REPAYS THE EDUCATIONAL DEBT WHILE THEY ARE IN FORMATION FOR PRIESTLY LIFE. IN THE RARE CASE THAT THE INDIVIDUAL DISCERNS THEY ARE NOT CALLED TO BE A PRIEST. THESE INDIVIDUALS DO NOT REPAY THE LABOURE SOCIETY FOR THE PAYMENTS MADE DURING THEIR FORMATION, BUT THEY DO RESUME FULL RESPONSIBILITY FOR THEIR EDUCATIONAL DEBT IMMEDIATELY. X 4 29206 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B WHEN THE ORGAIZATION RECEIVES THE TAX RETURN FROM THEIR ACCOUNTANTS THEY REVIEW AND SIGN THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES SIGNED FORMS FROM THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS DETERMINED BY THE ACTIONS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT LABOURE FUND LLC 1365 CORPORATE CENTER CURV STE 104 EAGAN MN 55121 880533165 SUPPORT THE LABOURE SOCIETY INC. IN THEIR MISSION MN 137860 2425638 THE LABOURE SOCIETY INC