2024-11-06T10:59:39-08:00 2023-12-31 934480554 Ragland & Associates LLC 7204 Glen Forest Drive Suite 300 Richmond VA 23226 990 2023-01-01 541541712 St Matthews Episcopal Church Endowment Fund Inc STMA 8042881911 1101 Forest Avenue Henrico VA 23229 William Selden President 2024-11-06 true true Elaine M Ragland CPA P00291584 8042888516 2023 2024-10-15 13:58:12Z 1101 Forest Avenue Henrico VA 232295445 496426 false X N/A X 1991 VA 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. 5 5 0 0 4857 4786 0 35738 69832 0 40595 74618 40725 40800 0 0 0 0 14478 14196 55203 54996 -14608 19622 947863 1013947 0 947863 1013947 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. Approximately 50% of grants are for needs inside the Church, and 50% for needs outside the Church. false false 24500 24500 ISSUED GRANTS TO EIGHT RELIGIOUS/FAITH-BASED ORGANIZATIONS OUTSIDE OF ST MATTHEW'S EPISCOPAL CHURCH IN SUPPORT OF THEIR PROGRAMS AND MISSIONS. THESE ORGANIZATIONS INCLUDE-$ 1,500- Solar Light for Africa- for programs support$ 2,000- The Shepherds Center- for programs support$ 5,000- Anglican Frontier Missions-for programs support$ 2,000- Streams in the Negev- for programs support$ 5,500- Reformed University Fellowship-for programs support$ 1,500- Needles Eye-for programs support$ 4,000- Emmaus Encounter,Inc.- for programs support$ 3,000- New Hope Peru- for programs support 16300 16300 Issued Grants to St. Matthew's Episcopal Church for the Following Purposes- Prayer Project- $ 1,600 Archive Project- $ 2,000 Brick & Masonry Work $ 5,000HVAC- Kitchen $ 5,200 Chimney Repair & Renovation $ 2,500 40800 true false false false false false false false false true false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 5 5 false false false false false false false true true false false true true true true false false false false false X William Selden 8042881911 1101 Forest Avenue Henrico VA 23229 X Mary Meade Lee Director 1.00 0.00 X 0 0 0 Easton Rhodd Director 1.00 0.00 X 0 0 0 Paula Butz Secretary 2.00 0.00 X X 0 0 0 Douglas Rucker Treasurer 1.00 0.00 X X 0 0 0 William Seldon President 3.00 0.00 X X 0 0 0 0 false false false 0 4786 4786 0 33489 33489 0 0 0 458151 421808 36343 36343 36343 0 0 0 0 74618 69832 40800 40800 0 0 0 0 0 0 0 0 0 0 0 4600 4600 0 0 9571 9571 25 25 0 0 0 0 0 0 0 0 0 0 0 0 0 54996 40800 14196 0 3192 3414 130773 104989 0 0 0 0 30000 15000 0 0 0 783897 890544 0 0 0 1 0 947863 1013947 0 0 X 947863 1013947 947863 1013947 947863 1013947 19622 46462 X false true X false false X X 9 ST MATTHEWS EPISCOPAL CHURCH 540597302 1 true 16300 0 Anglican Frontier Mission 621491171 1 true 5000 0 Emmaus Encounter Inc 473062226 7 true 4000 0 The Shepherds Center 541277521 7 true 2000 0 Solar Light for Africa 542021367 7 true 1500 0 Reformed University Ministries 581713181 1 true 5500 0 New Hope Peru 261812989 1 true 3000 0 Needles Eye 541057092 7 true 1500 0 Streams in the Negev 549999999 7 true 2000 0 9 40800 0 false false false false true true false false false false false false false false false false false true true Part IV, Section A, Line 1: Description Of How Supported Organizations Are Desigated Per its articles of incorporation, St. Matthew's Episcopal Church Endowment Fund, Inc. is organized exclusively for religious, charitable and educational purposes within the meaning of Sec. 501(c)(3) of the Internal Revenue Code of 1954, as amended. Additionally, the articles state that the Endowment Fund functions primarily as administrators of an endowment fund for St. Matthew's Episcopal Church. In its support of the Church, the Endowment Fund makes charitable gifts either directly to St. Matthew's Episcopal Church (the supported organization), or to public charities which typically receive funding from St. Matthew's Episcopal Church's outreach ministry. Determination of amounts to be paid directly to the church and to public charities is made by requesting solicitations from church members each year. The faith-based and educational charities receiving charitable gifts from the Fund are typically the same charities that have been or would be supported by the Church through its outreach ministries. Part IV, Section A, Line 5a: Details Of Added, Substitute, Or Removed Supported Orgs. The Endowment Fund supports St. Matthew's Episcopal Church. One way it supports the Church is through gifts made to Charitable Organizations that are, have been, or would be supported by the Church's Outreach Ministry. The Organizations receiving donations from the Church's Outreach Ministry, and the amounts received, changes annually- depending on the Organization's nee and the Ministry's available funds. The Endowment Fund communicates with the Church Outreach Ministry regarding requests received from Church Membership, to ensure tht the Fund's gifts and the Church's Outreach Minstry's gifts are coordinated with each other. Part IV, Section B, Line 2: Providing Benefit Carried Out the Purposes of Supported Orgs. Per its articles of incorporation, St. Matthew's Episcopal Church endowment fund, Inc functions primarily as administrators of an endowment fund for St Matthew's Episcopal Church. One way that it supports the Church is through gifts made to charitable organizations that are, have been, or would be supported by the Church's outreach ministry. The organizations receiving donations from The Church's outreach ministry, and the amounts received, changes annually, depending on the organizations' needs and the Ministry's available funds. The Endowment Fund communicates with Outreach Ministry regarding funding requests received from church membership, to ensure that the Fund's gifts and Outreach Ministry's gifts are coordinated with each other. This coordination permits the Church to extend its outreach ministry programs. 947862 4917 115631 40800 14196 1013414 1143774 4857 -145566 40725 14477 947863 1059122 7795 128681 36566 15258 1143774 956272 25712 124100 33560 13403 1059121 777499 98105 130828 37267 12894 956271 1.00000 true false false Part V, Line 4: Intended uses of the endowment fund. THE ENDOWMENT IS USED TO ENHANCE THE MINISTRY OF ST. MATTHEW'S EPISCOPAL CHURCH AND TO MEET EMERGENCY OR UNUSUAL NEEDS WITHIN THE PARISH. THE FUND SHALL ANNUALLY DISTRIBUTE FOUR PERCENT (4%) OF THE FUND BALANCE based upon an average of the quarterly balance of the Fund for the immediate previous 16 quarters. FIFTY PERCENT (50%) OF SUCH AMOUNT SHALL BE DISTRIBUTED FOR PROGRAMS OUTSIDE THE PARISH AND FIFTY PERCENT (50%) OF SUCH AMOUNT SHALL BE DISTRIBUTED FOR EMERGENCY OR UNUSUAL WORK INSIDE OF THE PARISH. THE BOARD SHALL SOLICIT RECOMMENDATIONS FROM THE CHURCH AND VESTRY. AFTER CONSIDERING INPUT FROM THE CHURCH, THE BOARD SHALL DETERMINE THE RECIPIENTS OF THE FUNDS FOR BOTH THE INSIDE AND OUTSIDE OF THE PARISH DISTRIBUTIONS. IF THE BOARD DETERMINES THAT THERE ARE NO EMERGENCY OR UNUSUAL NEEDS FOR THE INSIDE THE PARISH DISTRIBUTION, THAT PORTION OF UNDISTRIBUTED INCOME MAY, AT THE BOARD'S DISCRETION, BE DISTRIBUTED FOR WORK OUTSIDE THE PARISH, OR BE CARRIED OVER INTO THE NEXT CALENDAR YEAR AND BE ADDED TO THAT YEAR'S DISTRIBUTION. AT NO TIME SHALL FUNDS BE DISTRIBUTED FROM THE FUND IF SUCH DISTRIBUTION WOULD REDUCE THE FUND BALANCE BELOW FOUR HUNDRED THOUSAND DOLLARS ($400,000). true Reformed University Ministry PO Box 890004 Charlotte NC 28289 581713181 5500 0 Cash Paid Program Support ST MATTHEWS EPISCOPAL CHURCH 1101 FOREST AVENUE RICHMOND VA 23229 540597302 16300 0 CASH PAID Projects, HVAC, Repair & Renovation 2 0 Additional Supplemental Information ORGANIZATIONS WISHING TO RECEIVE GRANT MONIES MUST SUBMIT A WRITTEN REQUEST USING FORM DEVELOPED BY ENDOWMENT. THIS FORM IDENTIFIES THE ORGANIZATION REQUESTING THE GRANT BY NAME, THE ORGANIZATION'S ADDRESS AND TIN #. IT ALSO STATES PURPOSE OF GRANT REQUEST, HOW THIS GRANT WILL FURTHER THE ENDOWMENT'S EXEMPT PURPOSE, THE ESTIMATED COST OF THE GRANT, WHO IS RESPONSIBLE FOR SPENDING THE GRANT FUNDS. Grantmaker's Description of How Grants are Used For grants to St. Matthew's Episcopal Church, Endowment Fund board members are able to visibly see that the funds are being used as intended. For grants outside the Parish, the Fund usually knows individuals who serve/volunteer for the grantees, and are usually able to determine from them that the funds are being used appropriately. Form 990, Part VI, Section B, Line 11b THE BOARD OF DIRECTORS MET PRIOR TO FILING THE 990 AND REVIEWED THE RETURN. EACH DIRECTOR WAS GIVEN A COPY OF THE 990. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH THE ENDOWMENT FUND'S SECRETARY. THE FINANCIAL RECORDS ARE AUDITED ANNUALLY BY A LICENSED CPA(EACH YEAR BY AUGUST 31). A SUMMARY OF THE FINANCIAL REPORT IS PUBLISHED ANNUALLY ALONG WITH THE CHURCH'S OTHER FINANCIAL RECORDS PROVIDED TO THE FULL CONGREGATION. ST MATTHEWS EPISCOPAL CHURCH 1101 FOREST AVENUE RICHMOND VA 23229 540597302 RELIGIOUS SERVICES VA 501-C-3 PUBLIC N/A false false false false false false false false false false false false false false false false false false false false