St Michaels Endowment Trust Fund
- Assets
- $715.1k
- Revenue
- $26.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 31-1603979
Organization Overview
St Michaels Endowment Trust Fund is located in Orlando, FL. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Michaels Endowment Trust Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, St Michaels Endowment Trust Fund generated $26.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO ST. MICHAEL'S EPISCOPAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST. MICHAEL'S ENDOWMENT TRUST FUND WAS FORMED FOR THE SOLE PURPOSE OF RECEIVING, MANAGING AND INVESTING FUNDS SOLELY FOR THE BENEFIT OF ST. MICHAEL'S EPISCOPAL CHURCH, INC. (A NOT FOR PROFIT ORGANIZATION). IN ACCORDANCE WITH THE POLICY ESTABLISHED BY THE VESTRY OF THE CHURCH, DONATIONS TO THE TRUST FUND ARE TO BE MANAGED BY THE PLANNED GIVING COMMITTEE. THE TRUST FUND IS REQUIRED TO DISBURSE THE NET INCOME IN ANNUAL INSTALLMENTS TO ST. MICHAEL'S EPISOCPAL CHURCH, INC. THE FUNDS ARE TO BE USED BY THE CHURCH IN THE FOLLOWING MANNER: ONE-FOURTH TO BE USED FOR SCHOLARSHIPS OR GRANTS TO MEMBERS OF THE CHURCH FOR THE PURPOSE OF ATTENDING SEMINARY, CHURCH-RELATED CAMPING OR LEADERSHIP CONFERENCES, OR SUCH OTHER TRAINING WHICH WOULD ENABLE MEMBERS OF THE CONGREGATION TO GROW IN CHRISTIAN FAITH AND SERVICE TO GOD'S PEOPLE. ONE-FOURTH TO BE USED FOR CAPITAL IMPROVEMENTS TO REAL PROPERTY OWNED BY THE CHURCH. DISTRIBTUTIONS FOR CAPITAL IMPROVEMENTS SHALL NOT BE UTILIZED TO FUND A PORTION OF A FUND-RAISING PROGRAM TO BUILD ANY BUILDINGS OCCUPIED OR TO BE OCCUPIED BY THE CHURCH OR TO PAY PRINCIPAL AND INTEREST FOR ANY DEBT OWED BY THE CHURCH. ONE-FOURTH TO BE FOR OUTREACH COMMUNITY, INCLUDING, BUT NOT LIMITED TO, SOCIAL SERVICE AGENCIES TO WHICH THIS PARISH RELATES, OR TO SPECIAL PROGRAMS DESIGNED FOR THOSE PERSONS IN THE ORLANDO AREA WHO ARE IN SPIRITUAL AND/OR ECONOMIC NEED. ONE-FOURTH TO BE USED FOR PROJECTS OR THE DIOCESES OF CENTRAL FLORIDA, THE DIOCESE OF HONDURAS, THE DOMESTIC AND FOREIGN MISSIONARY SOCIETY, SCHOOLS, COLLEGES AND SEMINARIES, RETIREMENT FACILITIES, AND OTHER SPECIAL MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Cook Chairperson | OfficerTrustee | 4 | $0 |
FR Rick Luoni Member/rector | Trustee | 2 | $0 |
Craig Maughan Member | Trustee | 2 | $0 |
Todd Pottinger Member | Trustee | 2 | $0 |
Charlie Egerton Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $26,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $715,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $715,104 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $715,104 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $715,104 |
Endowment Analysis
| Beg. Balance | $664,929 |
| Earnings | $50,175 |
| Ending Balance | $715,104 |
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