St Matthews Episcopal Church Endowment Fund Inc
- Assets
- $1.1m
- Revenue
- $64.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Henrico, VA
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 54-1541712
Organization Overview
St Matthews Episcopal Church Endowment Fund Inc is located in Henrico, VA. The organization was established in 1990. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, 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 Matthews Episcopal Church Endowment Fund Inc 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 Matthews Episcopal Church Endowment Fund Inc generated $64.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $51.8k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE MINISTRY OF ST. MATTHEW'S EPISCOPAL CHURCH AND TO MEET EMERGENCY OR UNUSUAL NEEDS WITHIN THE PARISH. THE FUND INVESTS GIFTS AND USES THE INCOME FOR RELIGIOUS NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED GRANTS TO ELEVEN RELIGIOUS/FAITH-BASED ORGANIZATIONS OUTSIDE OF ST MATTHEW'S EPISCOPAL CHURCH IN SUPPORT OF THEIR PROGRAMS AND MISSIONS. THESE ORGANIZATIONS INCLUDE-$ 500- CEDAR SPRINGS DIGNITY MINISTRY- FOR PROGRAMS SUPPORT$ 500- CEDAR SPRINGS BRIDGES MINISTRY- FOR PROGRAMS SUPPORT$ 1,225-CROSSOVER HEALTHCARE-FOR PROGRAMS SUPPORT$ 2,000-SHEPHERD'S CENTER-FOR PROGRAMS SUPPORT$ 3,500-NEW HOPE PERU- FOR PROGRAMS SUPPORT$ 2,000-DFMS EPISCOPAL MIGRATION MINISTRIES-FOR PROGRAMS SUPPORT$ 2,000-INTERNATIONAL RESCUE COMMITTEE-FOR PROGRAMS SUPPORT$ 991- CRU AT VCU- FOR PROGRAMS SUPPORT$ 5,100-ANGLICAN FRONTIER MISSIONS- FOR PROGRAM SUPPORT$ 3,250-EMMAUS ENCOUNTER INC.- FOR PROGRAM SUPPORT$ 500- REFORMED UNIVERSITY FELLOWSHIP- FOR PROGRAM SUPPORT
ISSUED GRANTS TO ST. MATTHEW'S EPISCOPAL CHURCH FOR THE FOLLOWING PURPOSES-$ 8,000 MEMORIAL GARDENS, $ 7,000 TREE REMOVAL/ TREE WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Lloyd President | OfficerTrustee | 1 | $0 |
Nancy Grey Secretary | OfficerTrustee | 0.25 | $0 |
Clint Ray Director | Trustee | 0.1 | $0 |
Anita Bruch Director | Trustee | 0.1 | $0 |
Bill Seldon Director | Trustee | 0.1 | $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 | $7,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,795 |
| Total Program Service Revenue | $0 |
| Investment income | $30,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,566 |
| 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 | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,783 |
| Fees for services: Other | $25 |
| 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 | $51,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,275 |
| Savings and temporary cash investments | $63,839 |
| 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 | $30,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,048,660 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,143,774 |
| 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 | $0 |
| 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 | $1,143,774 |
| Total liabilities and net assets/fund balances | $1,143,774 |
Grants Awarded
Over the last fiscal year, St Matthews Episcopal Church Endowment Fund Inc has awarded $20,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST MATTHEWS EPISCOPAL CHURCH PURPOSE: Memorial Garden Fencing, Tree Work | $15,000 |
Richmond, VA PURPOSE: Program Support | $5,100 |
Endowment Analysis
| Beg. Balance | $1,059,122 |
| Earnings | $128,681 |
| Admin Expense | $15,258 |
| Net Contributions | $7,795 |
| Grants | $36,566 |
| Ending Balance | $1,143,774 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Bellevue Foundation Inc Cordova, TN | $4,434,633 | $1,873,411 |
Love Of Jesus Inc Richmond, VA | $78,913 | $756,026 |
Cathedral Of The Sacred Heart Foundation Richmond, VA | $1,493,251 | $566,622 |
Camp St Charles Inc Issue, MD | $696,980 | $720,122 |
Ground 40 Ministries Monroe, NC | $160,310 | $647,877 |
Virginia Baptist Childrens Home & Family Services Foundation Salem, VA | $12,915,726 | $2,531,560 |
Acc Foundation Washington, DC | $169,352 | $568,950 |