Brothers Communities and Ministries Investment Trust
Nonprofit profile at a glance
- EIN
- 364390471
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Elk Grove Village, IL, USA
- Phone
- 8472648700
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Named Trusts N.E.C.
Reported finances
- Revenue
- $12,287,356
- Expenses
- $12,287,356
- Assets
- $147,251,966
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- BROTHER THOMAS S KLEIN CFA (PRESIDENT AND PROVINCIAL)
People named in this filing
- BROTHER THOMAS S KLEIN CFA (PRESIDENT AND PROVINCIAL)
- BROTHER STEVE FOGT CFA (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Brothers communities and ministries investment trust (the "trust") carries out its exempt purposes by administering the pooled investments maintained on behalf of the participants in the trust.
What it reported doing in 2024
For more than seven centuries, the alexian brothers have cared for the sick, the aged, the poor and the dying. The basic judeo-christian beliefs that inspired the founders of this worldwide catholic religous congregation sustain its ministry today: to promote the physical, mental, spiritual, and social well-being of individuals of all creeds, races, nationalities and socioeconomic levels served though health care ministry. Strengthened by community, prayer, commitment to the poor and the legacy of its founders, and in partnership with others, the alexian brothers witness the healing christ by a holistic approach to promoting health and caring for the sick, dying, aged and unwanted of all socioeconomic levels. The trust's purpose is administering the pooled investments maintained on behalf of participants of the trust. Participation in the trust is limited to alexian brothers communities and ministries ("abcm") and abcm affiliates which are not-for-profit corporations exempt from federal income taxes. The trust is exempt from federal income taxes pursuant to section 501(c)(3) of the code. Abcm is the adminstrator of the trust and is responsible for controlling, managing and investing the pooled assets of the trust. Participants accrued interest on the assets invested with the trust based on the trust's actual earnings.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 11.98; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings
Growth
- Program expense growth: 20.9% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 20.9% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $12.3M in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 31/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.