Overview
What is St Marys Orthodox Cathedral Endowment Fund?
The St Marys Orthodox Cathedral Endowment Fund is a financial entity established with a specific purpose. Located in Lake Elmo, Minnesota, it primarily functions to distribute a certain portion of its investment portfolio's value to St. Mary's Orthodox Cathedral. This distribution supports the Cathedral's non-exempt activities, contributing to its overall operations and mission. The exact percentage distributed annually ranges between 3.5% and 4.5%, ensuring a steady financial support for the Cathedral's non-exempt activities.
Is St Marys Orthodox Cathedral Endowment Fund legitimate?
St Marys Orthodox Cathedral Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Marys Orthodox Cathedral Endowment 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.
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What is the mission statement of St Marys Orthodox Cathedral Endowment Fund?
The St. Mary's Orthodox Cathedral Endowment Fund's mission is centered around distributing a specified percentage of its investment portfolio's value to support the non-exempt activities of St. Mary's Orthodox Cathedral. This fund is committed to aiding the Cathedral in its non-exempt tasks, contributing financially to its operations. This mission underscores the Endowment Fund's role in providing financial support to the Cathedral, thereby contributing to its overall functioning.
Who is the CEO of St Marys Orthodox Cathedral Endowment Fund?
Michael Patiuk is the President of St Marys Orthodox Cathedral Endowment Fund.
What is the revenue of St Marys Orthodox Cathedral Endowment Fund?
St Marys Orthodox Cathedral Endowment Fund's revenue in 2022 was $291,424.
Who are the executives of St Marys Orthodox Cathedral Endowment Fund and what are their salaries?
There 8 volunteers at St Marys Orthodox Cathedral Endowment Fund.
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Marys Orthodox Cathedral Endowment Fund?
St Marys Orthodox Cathedral Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Marys Orthodox Cathedral Endowment Fund
St. Mary's Orthodox Cathedral Endowment Fund is a mission-driven entity that aims to distribute a portion of its investment portfolio's value to St. Mary's Orthodox Cathedral. This distribution is designed to support the Cathedral's non-exempt activities. In essence, the Endowment Fund serves as a financial resource, contributing a significant percentage of its income to the Cathedral, thereby contributing to its non-exempt activities.
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Impact
October, 2024
St Mary's Orthodox Cathedral Endowment Fund plays a crucial role in supporting the ongoing activities and initiatives of St. Mary's Orthodox Cathedral in Lake Elmo, MN. By distributing 3.50% to 4.50% of its investment portfolio, the fund ensures a steady stream of financial resources that directly contribute to the cathedral's non-exempt activities. This consistent funding helps maintain the cathedral's operations and supports various programs that foster community engagement, religious education, and spiritual growth. Ultimately, the Endowment Fund enhances the cathedral's ability to serve its congregation and the wider community, preserving its mission and heritage for future generations.
This information is meant to be a general summary of St Marys Orthodox Cathedral Endowment 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: $225,349
- Gross Receipts: $291,424
Assets and Liabilities:
- Total Assets: $2,875,700
- Total Liabilities: $100,000
- Net Assets: $2,775,700
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Organization Details
Founding Year
1986
Principal Officer
Michael Patiuk
Main Address
10915 41st ST N, LAKE ELMO, MN, 55042
NTEE Category
Code: X22 - Religion related
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