Revenues, Gains and Other Support

Sisters’ contributed salaries — $3,282,990: Sisters’ earnings are given 100 percent to the community. The sisters hold everything in common and own nothing individually. This total reflects the fact that some of our sisters serve in positions where the needs are great but the salaries are low.

Sisters’ contributed benefits — $1,201,618: This amount includes retirement funds, Social Security, inheritance, and gifts received by sisters.

Investment income, net — $1,512,000: This is the unrealized loss on investments.

Donors’ contributed gifts and grants — $1,737,290: These funds include gifts of cash, stock, life insurance, annuities, and bequests. The funds received from our benefactors help support the vocations ministry, initial and ongoing formation, sisters’ living expenses, and various ministries.

Medicaid reimbursement — $860,840: These are reimbursements received for our licensed long-term care facility, Hildegard Health Center, Inc.

Community ministries — $367,365: This is revenue from the sisters' Spirituality Ministry (which includes income from Kordes Center, retreat work on and off the hill, Stillpoint, counseling, spiritual direction, and facilitation) and from For Heaven's Sake, the monastery gift shop and the Simply Divine Bakery.

Auxiliary income — $293,800: The majority of these revenues come from facility rental fees, reimbursements, and the insurance reserve.  

Total Revenue, gains, and other support — $9,255,903

Expenses and Losses

Physical plant/operations — $2,867,254: This amount covers the expenses of maintaining and operating the monastery grounds and facilities, utilities, vehicles and fuel costs, food services, committees, and the personal needs of sisters living on the hill.  

Monastery support and administration — $2,608,018: This figure includes expenses for administration, fundraising, technology, institutional costs, communications, and marketing.

Health care — $1,844,522: This is the amount paid for direct medical expenses for all sisters, including those who are active, who are independent, and who need assisted and skilled care (Hildegard Health Center, Inc.).

Sisters’ living expenses off the hill — $429,595: This amount is for food, rent, vehicles, and household costs. It does not include health care or monastery support services for those living off the hill. These costs enable sisters to minister in areas at some distance from the monastery.

Community ministries — $436,951: This amount includes expenses for the gift shop, Kordes Center (the sisters’ guest facility), retreat work, and music lessons.

Education/professional development — $131,523: This figure covers the costs of tuition for sisters’ education, professional licenses and expenses, fees for retreats and spiritual direction, continuing education, formation classes for new members, and ongoing formation of professed members.

Vocations — $85,991: These are expenses used to promote vocations to religious life and the priesthood, especially to the Sisters of St. Benedict. They include costs associated with programs offered by the community, such as Benedictine Life Weekends, Junior High Overnights, Junior High Camps, Busy Persons’ Retreats, and vocation work in dioceses.

Total expenses and losses — $8,403,854
Change in net assets — $852,049