2017 AnnuAl RepoRt And

StAtement of AccountAbility

SUPPORT OUR AGING RELIGIOUS

December 2017

Dear Benefactors and Friends of SOAR!,

I am pleased to present to you the financial summary of the work of SOAR! for the fiscal year June 30, 2016 – July 1, 2017. While these pages give a snapshot of the revenue and expenses of the past year, the only way to really understand what happened in the last 12 months is for me to share words of gratitude from the congregations that benefit from your support of SOAR!

“The new adjustable senior friendly beds are set up in the rooms, and the men are so pleased! One of our senior priests mentioned how he no longer fears falling out of bed when he wakes suddenly during the night. The Passionists thank you for helping our senior members rest better. ” - Passionists of the Holy Cross

“The new windows were installed and we are so pleased. The windows will truly make a significant different in keeping us warm with lower fuel expenses, too.” - Medical Missionaries of Mary

“The automatic door was installed at our residence for the infirm and elderly. Those who live here are extremely pleased with the new door which saves them much effort and gives them added freedom.” - Society of Our Lady of the Most Holy Trinity

The generosity of all of the faithful friends of SOAR!, combined with careful resource management and good stewardship, have enabled this organization to operate from a position of strength and confidence. The administrative and fundraising costs relative to program costs are at a record low for SOAR!

My hope for the future of SOAR! is that we will continue to meet the needs of aging religious, in significant ways, so that all men and women religious will continue to live safely . . .with dignity . . . and with God’s protection and love.

With prayers of gratitude,

Sister Kathleen Lunsmann, IHM President

Support Our Aging Religious, Inc. (SOAR!)

Statement of Accountability

July 1, 2016 - June 30, 2017

Operating Revenue and Expenses Balance Sheet

and Changes in Net Assets, Year Ended June 30, 2017 As of June 30, 2017

Total Revenue - FY 2016 - 2017 Assets

Current Assets

Individual Contributions $1,843,021 Cash $205,535

Special Events $493,430 Money Market Accounts $0

Bequests $424,166 Investments $1,120,819

Foundations $37,273 Bequests Receivable $0

Combined Federal Campaign $35,146 Contributions Receivable $0

Assets Released frTemp Restriction $41,460

Gain on Investments and Interest $147,091 Prepaid Expenses $1,229

TOTAL INCOME $3,021,587 Total Current Assets $1,327,583

Combined Federated Campaign (10041) Noncurrent Assets

Office Furniture & Equipment $22,674

Accumulated Depreciation $0

Total Expenses - FY 2016 - 2017 Investment held for Endowment $0

Security Deposits $0

Programs $2,408,955 Total Noncurrent Assets $0

Fund Raising $192,541 TOTAL ASSETS $1,327,583

Administration $82,418

TOTAL EXPENSES $2,683,914 Liabilities and Net Assets

Statement of Activities - FY 2016-2017 Current Liabilities

Total Public Support and Revenue $3,021,587 Accounts Payable & Accrued Expenses $7,905

Total Expenses $2,683,914 Grants Payable $0

Change in net assets $337,673 Deferred Revenue $0

Total Current Liabilities $7,905

Net assets, beginning of year $915,005

Noncurrent Liabilities

Net Assets, End of Year $1,252,678 Capital lease obligation, less current maturities $0

TOTAL LIABILITIES $7,905

Note: Audited financial statements Net Assets

accompanying the balance sheet are Unrestricted $1,252,678

available upon request. Permanently Restricted $67,000

Temporarily Restricted $0

TOTAL NET ASSETS $1,319,678

TOTAL LIABILITIES AND NET ASSETS $1,327,583

`

75%

16%

3%

6%

Sources of Funds FY 2016-2017

Individual Contributions 75%

Special Events 16%

CFC and Foundations 3%

Other 6%

90%

7% 3%

How are funds used?FY 2016-2017

Program Services 90%

Fundraising 7%

Administration 3%

2017 SOAR! GrantsARKANSASBenedictines of Subiaco Abbey, Subiaco

Purchase whirlpool tub to provide hydrotherapy

CALIFORNIABenedictine Monks of St. Andrew’s Abbey, Valyermo

Install HVAC unit

Carmelite Sisters of the Most Sacred Heart of Los Angeles, Alhambra

Purchase furniture for aging in place

Daughters of Mary and Joseph, Rancho Palos Verdes

Purchase furniture for aging in place

Dominican Sisters of Mission San Jose, Fremont

Replace damaged cement walkway

Guadalupan Missionaries of the Holy Spirit, Los Angeles

Purchase adjustable hospital beds

Sisters of Notre Dame California Province, Thousand Oaks

Replace windows

COLORADOBenet Hill Monastery, Colorado Springs

Install security system

CONNETICUTApostles of the Sacred Heart of Jesus, Hamden

Purchase a bariatric power lift

Benedictine Congregation, Regina Laudis of the Strict Observance, Bethlehem

Purchase medical supplies and therapeuticequipment

WASHINGTON D.C.Little Sisters of the Poor of Washington, DC, Washington, DC

Purchase wheelchair accessible van

ILLIONOIS Benedictine Sisters of Chicago, Chicago

Replace sound system and add sound loops in infirmary chapel

Congregation of the Resurrection, ChicagoInstall elevator

Institute of the Blessed Virgin Mary, WheatonPurchase medical alert units

Sisters of the Living Word, Arlington HeightsPurchase computer equipment for retiredsisters

The Congregation of the Passion, Holy Cross Province, Park Ridge

Purchase hospital beds and mattresses

INDIANABenedictine Monks of St. Meinrad Archabbey, St. Meinrad

Install an emergency alert notification system

Brothers of Holy Cross, Midwest Province, Notre Dame

Purchase wheelchair accessible van

Sisters of the Providence of Saint Mary of the Woods, Saint-Mary-of-the-Woods

Install stair lift

Sisters of St. Benedict of Ferdinand, Indiana, Ferdinand

Purchase medical equipment

KENTUCKYDominican Sisters of Peace, St. Catherine

Purchase hospital beds and mattresses

MARYLANDAtlantic Midwest Province of the School Sisters of Notre Dame, Baltimore

Purchase furniture and equipment for aging in place

Benedictine Sisters of Baltimore, LuthervilleRenovate chapel for accessibility

Missionary Servants of the Most Holy Trinity, Silver Spring

Replace fan coil units in bedrooms of retirement residence

St. Joseph’s Society of the Sacred Heart, Baltimore

Purchase hospital beds

MASSACHUSETTSCistercians of the Strict Observance, Wrentham

Purchase medical equipment for infirmary

Congregation of the Sisters of St. Joseph of Boston, Brighton

Replace bath tubs with new bathing system

Franciscan Missionary Sisters of Africa, BrightonPurchase furniture for aging in place; refurbish fire escape

Medical Missionaries of Mary, SomervilleReplace windows

Sister of St. Chretienne, WrenthamUpgrade bathroom accessibility

St. Joseph’s Abbey, SpencerInstall fire suppression system

MICHIGANSisters, Servants of the Immaculate Heart of Mary, Monroe

Install automatic door power operators

MISSOURISchool Sisters of Notre Dame Central Pacific Province, St. Louis

Upgrade emergency pull cord system

Sisters of the Good Shepherd, St. LouisPurchase wheelchair accessible van

MONTANAPoor Clares of Montana, Great Falls

Replace hot water boilers

NEW JERSEYCongregation of the Sisters of St. Joseph of Peace, Englewood

Provide funds for infirmary needs after fire

Monastery of Our Lady of the Rosary, SummitInstall wheelchair accessible ramp

Sisters of Charity of Saint Elizabeth, Convent Station

Upgrade door locks and security system forMotherhouse

Sisters of St. Dominic of Caldwell, New Jersey, Caldwell

Upgrade kitchenette

NEW YORKCongregation of the Passion, Eastern Providence, Rye Brook

Install emergency and prevention notification system

Daughters of Wisdom, IslipUpgrade dining room furniture

Dominican Convent of Our Lady of the Rosary, Sparkill

Install ADA compliant showers in infirmary

Dominican Sisters of Amityville, AmityvilleRenovate bathroom for accessibility

Edmund Rice Christian Brothers, New RochelleRenovate bathrooms for accessibility

Franciscan Sisters of Atonement, GarrisonInstall technology upgrades for senior Sisters

Sisters of St. Francis of the Neumann Communities, Syracuse

Purchase and install hot water boilers

Sisters of St. Joseph of Brentwood, New York, Brentwood

Purchase power recliner/lift chairs

Sisters of St. Joseph of Buffalo, New York, Clarence

Purchase lift chairs and blood testing machine

Sisters of St. Joseph of Rochester, RochesterUpgrade dining furniture for accessibility

Sisters of the Catholic Apostolate, MonroeRenovate bathroom for accessibility

Sisters of the Presentation of the Blessed Virgin Mary, New Windsor

Improve outdoor lighting and install anacoustical ceiling

OHIOCongregation of the Blessed Sacrament, Highland Heights

Purchase accessible van

Sisters of Notre Dame, Christ the King Province, Chardon

Purchase bariatric whirlpool tub

Sisters of Notre Dame, Toledo, Ohio Province, Toledo

Upgrade elevator

Sisters of St. Francis, TiffinReplace roof at assisted living residence

PENNSYLVANIABenedictine Sisters of Erie, Erie

Purchase hospital beds and medical safetyequipment

Benedictine Sisters of Pittsburgh, BakerstownPurchase lift chairs and install wander guard.

Bernardine Franciscan Sisters, ReadingRenovate personal care room

Congregation of Divine Providence, Allison ParkPurchase technology upgrades

Handmaids of the Sacred Heart of Jesus, WyncoteUpdate electrical wiring/outlets in seniorliving residence

Missionary Sisters of the Most Sacred Heart, Reading

Purchase lift chairs and mattresses

Sisters of Saints Cyril and Methodius, DanvillePurchase lift chairs safe glider rockers

Sisters of St. Joseph of Chestnut Hill, Philadelphia

Purchase blood pressure monitors

Sisters of the Order of St. Basil the Great, Our Lady of Perpetual Help Province, Uniontown

Repair and upgrade elevator

Sisters, Servants of the Immaculate Heart of Mary, Scranton

Repair and upgrade HVAC

PUERTO RICOSchool Sisters of Notre Dame, Puerto Rico, Caguas

Purchase a power generator

TEXASSociety of Our Lady of the Most Holy Trinity, Corpus Christi

Install automatic doors

WISCONSINSchool Sisters of St. Francis, Milwaukee

Purchase hospital beds

Sinsinawa Dominican Sisters, SinsinawaPurchase therapeutic equipment

Sisters of St. Agnes, Fond du LacPurchase motorized scooters