Laboure Society
Laboure Society
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About this organization
Mission
Labouré rescues Catholic vocations from the barrier of student loan debt. The vast majority of seminaries and religious communities in the US will not accept into formation men and women who have outstanding student loan debt. Laboure solves this problem for the 'aspirants'--and ultimately for the Catholic Church. Through an innovative and multi-dimensional program, Laboure teaches the aspirants-who work collectively as a class of 20-25--a Catholic based, philanthropic fundraising model that they put in service to raise funds collectively as a class of aspirants desiring to lay down their lives for the church. Laboure has helped deliver hundreds of men and women into formation. The end result has been priests, sisters and brothers whose vocation would have been lost without Labouré.
About
The Laboure Society was established to provide spiritual support and material assistance to resolve student loans for those entering formation for priesthood or religious life.
Interesting data from their 2019 990 filing
From their filing, the objective of the non-profit is stated as “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.”.
When talking about its functions, they were outlined as: “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.”.
- The legally reported state of operation for the non-profit is MN.
- According to the filing, the non-profit's address in 2019 is 1365 CORPORATE CENTER CURVE NO 104, EAGAN, MN, 55121.
- The non-profit organization as of 2019 has a total of 8 employees reported on their form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $241,137.
- The organization has 7 independent voting members.
- The organization was formed in 2002.
- The organization pays $618,041 in salary, compensation, and benefits to its employees.
- The organization pays $295,404 in fundraising expenses.