Overview
What is St Michael's Endowment Trust Fund?
St. Michael's Endowment Trust Fund is a nonprofit organization established to manage and invest funds solely for the benefit of St. Michael's Episcopal Church, Inc., located in Orlando, Florida. The Trust Fund has a specific purpose: to disburse its net income annually to the church, with funds allocated in four distinct areas. One-fourth is allocated for scholarships or grants for church members attending seminary, church-related camps, leadership conferences, or other faith-based training. Another fourth is dedicated to capital improvements for the church's real property, excluding fundraising programs or church debt. The third fourth is allocated for outreach within the Orlando community, including social service agencies and programs for those in spiritual and economic need. The final fourth is dedicated to projects or ministries within the Diocese of Central Florida, Diocese of Honduras, Domestic and Foreign Missionary Society, schools, colleges, seminaries, retirement facilities, and other special ministries. The investment income from these funds supports St. Michael's Episcopal Church, Inc.
Official website here: www.stmichaelschurch.com
Is St Michael's Endowment Trust Fund legitimate?
St Michael's Endowment Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Michael's Endowment Trust Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.stmichaelschurch.com
What is the mission statement of St Michael's Endowment Trust Fund?
The St. Michael's Endowment Trust Fund's mission is centered around providing support to St. Michael's Episcopal Church, a non-profit organization. The fund achieves this by generating income from invested funds and disbursing a portion of it annually. The funds are utilized in several ways. One-fourth is allocated for scholarships or grants to church members for religious education and training. Another quarter is designated for capital improvements to the church's property, with specific exclusions for certain types of construction or debt payment. One-fourth is set aside for outreach within the community, including support for social service agencies and special programs for those in need. The remaining quarter is reserved for projects within the diocese and for various special ministries.
Official website here: www.stmichaelschurch.com
Who is the CEO of St Michael's Endowment Trust Fund?
Thomas Cook is the Chairperson of St Michael's Endowment Trust Fund.
Official website here: www.stmichaelschurch.com
What is the revenue of St Michael's Endowment Trust Fund?
St Michael's Endowment Trust Fund's revenue in 2022 was $19,544.
Official website here: www.stmichaelschurch.com
Who are the executives of St Michael's Endowment Trust Fund and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
- Compensation: $0
- Related: $98,479
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.stmichaelschurch.com
Where can I find the form 990 for St Michael's Endowment Trust Fund?
St Michael's Endowment Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stmichaelschurch.com
Learn more at the official website: www.stmichaelschurch.com
Mission Statement of St Michael's Endowment Trust Fund
St. Michael's Endowment Trust Fund is established with a mission to support St. Michael's Episcopal Church. This mission involves utilizing the investment income from the Trust Fund's invested funds for the benefit of the church, which is a not-for-profit organization. The funds are managed according to a policy set by the church's Vestry, with the Planned Giving Committee overseeing the donations.
The Trust Fund disburses the net income in annual installments to St. Michael's Episcopal Church, with specific allocations for various purposes. One-fourth of the funds are earmarked for scholarships or grants to church members to attend seminary, church-related camping, leadership conferences, or other faith-based training. Another fourth is reserved for capital improvements to real property owned by the church, with the caveat that these funds cannot be used to fund a portion of a fundraising program for building construction or to pay principal and interest for any church debt.
The remaining half of the Trust Fund's distributions are allocated to outreach community initiatives and special programs. This includes support for social service agencies related to the parish, as well as projects designed for individuals in spiritual and/or economic need within the Orlando area. The Trust Fund's mission thus reflects a commitment to both the spiritual growth of its congregation and the wider community's welfare.
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Impact
October, 2024
The St. Michael's Endowment Trust Fund plays a vital role in enhancing the mission and outreach of St. Michael's Episcopal Church in Orlando, Florida. By managing and investing funds, the Trust Fund generates income that is strategically disbursed to support various initiatives crucial for the church community and its broader mission.
One-fourth of the income is allocated for scholarships and grants to church members, enabling them to attend seminary, partake in church-related camping, and participate in leadership conferences. This investment in education and training fosters spiritual growth and equips congregants to better serve their community.
Another quarter of the funds is dedicated to capital improvements of the church's real property, ensuring that the facilities remain functional, welcoming, and conducive to worship and community activities. Importantly, these improvements do not finance fundraising campaigns or service any church debt, which maintains the integrity of both financial management and church operations.
Outreach is also a key focus, with a portion of the Trust Fund designated for supporting local social service agencies and special programs aimed at assisting those in spiritual or economic need within the Orlando area. This commitment to outreach reinforces the church's presence and impact in the community, addressing pressing social issues and extending compassion to those in need.
Finally, the Trust Fund contributes to far-reaching projects linked to various ministries, including those within the Dioceses of Central Florida and Honduras, along with educational institutions and other special ministries. This support not only enriches the local church's mission but also strengthens its ties with the global church community.
Overall, the St. Michael's Endowment Trust Fund significantly enhances the church's ability to educate, improve facilities, foster community outreach, and participate in a wider network of ministries, thereby having a profound and multifaceted impact on both congregants and the surrounding community.
This information is meant to be a general summary of St Michael's Endowment Trust Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,544
- Gross Receipts: $19,544
Assets and Liabilities:
- Total Assets: $602,919
- Total Liabilities: $0
- Net Assets: $602,919
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Organization Details
Founding Year
1973
Phone
(407) 843-8448Principal Officer
Thomas Cook
Main Address
2499 N WESTMORELAND DRIVE, ORLANDO, FL, 32804
Website
www.stmichaelschurch.comNTEE Category
Code: X99Z - Religion related
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