2025-11-17T13:39:41-05:00 2024-12-31 261366978 PEGGY S SCHUMM CPA LTD 750 CENTRAL AVE E SUITE 201 SAINT MICHAEL MN 553764585 990 2024-01-01 411790330 ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND INC STMI 7634977817 4890 MAYER AVE NE ST MICHAEL MN 55376 LINDA G BORCHARDT TREASURER 7634977817 2025-11-12 true false LINDA G BORCHARDT P00080172 7634977817 2025-11-13 2024 2025-03-06 01:10:19Z BRIAN BRUNER 10191 30TH ST NE ST MICHAEL MN 55376 56 false X X 1991 MN PROVIDE FINANCIAL ASSISTANCE TO LOCAL PRE-K THRU 8 CATHOLIC SCHOOL. HOPING TO LESSEN FINANCIAL BURDEN ON INDIVIDUAL FAMILIES BY PROVIDING FUNDS TO PURCHASE TECHNOLOGY OR OTHER ACADEMIC NEEDS DEEMED NECESSARY BY STAFF, TO EXCEL IN EDUCATING CHILDREN IN OUR COMMUNITY. 5 5 0 5 0 249 50 0 77 6 0 326 56 40000 45700 0 0 0 0 170 25 40170 45725 -39844 -45669 1145746 1230460 0 1145746 1230460 X PROVIDE FINANCIAL ASSISTANCE TO LOCAL PRE-K THRU 8 CATHOLIC SCHOOL. HOPING TO LESSEN FINANCIAL BURDEN ON INDIVIDUAL FAMILIES BY PROVIDING FUNDS TO PURCHASE TECHNOLOGY OR OTHER ACADEMIC NEEDS DEEMED NECESSARY BY STAFF, TO EXCEL IN EDUCATING CHILDREN IN OUR COMMUNITY. false false THE ENDOWMENT FUND MAY PAY FOR ACCOUNTING &/OR E-FILING SERVICES ANNUALLY ACCOUNTING SERVICES ARE ORDINARY AND NECESSARY EXPENSES IN OUR EFFORTS TO PROVIDE FINANCIAL SUPPORT TO THE LOCAL CATHOLIC SCHOOL AND TO COMPLY WITH GOVERNMENTAL REPORTING REGULATIONS. SINCE MOVING OUR MONEY TO CATHOLIC UNITED FINANCIAL FOUNDATION WE PAY NO ADMINISTRATIVE/INVESTMENT FEES. WHILE OUR FUNDS ARE PART OF CATHOLIC UNITED FINANCIAL FOUNDATION WE CONTINUE TO FILE A SEPARATE FORM 990 FOR TRANSPARENCY. 45700 45700 IF INVESTMENT RESULTS ALLOW, THE ENDOWMENT FUND MAKES AN ANNUAL CONTRIBUTION TO THE ST MICHAEL CATHOLIC SCHOOL. OUR BY-LAWS READ: UP TO 95% OF INVESTMENT INCOME MAY BE GIVEN ANNUALLY. BEGINNING 2017 THE BOARD IMPLEMENTED A POLICY FOR A RESERVE FUND FOR YEARS OF "DOWN" MARKETS - ALLOWING A DONATION TO THE SCHOOL, WITHOUT DIPPING INTO PRINCIPLE DOLLARS. EFFECTIVE 8/2019 MOVED 96% OF OUR FUNDS INTO CATHOLIC UNITED FINANCIAL FOUNDATION, INVESTING IN AVE MARIA MUTUAL FUNDS (FUNDS VETTED TO ALIGN WITH CATHOLIC VALUES). EFFECTIVE 02/2024 THE BOARD CHANGED GIVING/GRANT POLICY TO EQUAL 4% OF OUR YEAR-END CUFF FUND BALANCE (TO NEAREST 100). 45700 45700 45700 true 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 true false false false false false false false true false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false X 5 5 false false false false false false false true true true false false false false false false false false MN X LINDA G BORCHARDT 6122091258 4890 MAYER AVE NE ST MICHAEL MN 55376 X LINDA G BORCHARDT TREASURER 1.00 X 0 0 0 KEVIN ROSE VICE PRESIDE 0.25 X 0 0 0 BRIAN BRUNER PRESIDENT 0.50 X 0 0 0 STEVE SUSTACEK SECRETARY 0.50 X 0 0 0 STEVE HOUSE DIRECTOR 0.25 X 0 0 0 false false false 50 50 6 6 56 6 45700 45700 25 25 45725 45700 25 0 3232 3263 1142514 1227197 1145746 1230460 0 0 X 1145746 1230460 1145746 1230460 1145746 1230460 -45669 130383 X false false X 568 2513 181 249 50 3561 568 2513 181 249 50 3561 3561 19856 257 83 77 6 20279 23840 -27623 0.14940 0.63600 X PROGRAM RELATED INVESTMENTS 1227197 F 1227197 56 56 56 45725 45725 45725 true ST MICHAEL CATHOLIC SCHOOL ST MICHAEL CATHOLIC SCHOOL 11300 FRANKFORT PARKWAY NE ST MICHAEL MN 55376 410707799 45700 CASH DONATION-ANNUAL LINDA B PEGGY S SCHUMM CPA PEGGY S SCHUMM CPA LTD TREAS & ACCOUNT ACCTG SVC & 990 PREP false FORM 990 - ORGANIZATION'S MISSION PROVIDE FINANCIAL ASSISTANCE TO LOCAL PRE-K THRU 8 CATHOLIC SCHOOL. HOPING TO LESSEN FINANCIAL BURDEN ON INDIVIDUAL FAMILIES BY PROVIDING FUNDS TO PURCHASE TECHNOLOGY OR OTHER ACADEMIC NEEDS DEEMED NECESSARY BY STAFF, TO EXCEL IN EDUCATING CHILDREN IN OUR COMMUNITY. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS ARE ACTIVE BOARD MEMBERS: ATTENDING MEETINGS, MAKING DECISIONS. FORM 990, PAGE 2, PART III, LINE 4D IF INVESTMENT RESULTS ALLOW, THE ENDOWMENT FUND MAKES AN ANNUAL CONTRIBUTION TO THE ST MICHAEL CATHOLIC SCHOOL. OUR BY-LAWS READ: UP TO 95% OF INVESTMENT INCOME MAY BE GIVEN ANNUALLY. BEGINNING 2017 THE BOARD IMPLEMENTED A POLICY FOR A RESERVE FUND FOR YEARS OF "DOWN" MARKETS - ALLOWING A DONATION TO THE SCHOOL, WITHOUT DIPPING INTO PRINCIPLE DOLLARS. EFFECTIVE 8/2019 MOVED 96% OF OUR FUNDS INTO CATHOLIC UNITED FINANCIAL FOUNDATION, INVESTING IN AVE MARIA MUTUAL FUNDS (FUNDS VETTED TO ALIGN WITH CATHOLIC VALUES). EFFECTIVE 02/2024 THE BOARD CHANGED GIVING/GRANT POLICY TO EQUAL 4% OF OUR YEAR-END CUFF FUND BALANCE (TO NEAREST 100). FORM 990, PAGE 6, PART VI, LINE 9 KEVIN ROSE 8801 30TH ST NE ST MICHAEL, MN 55376 BRIAN BRUNER 10191 30TH ST NE ST MICHAEL, MN 55376 STEVE SUSTACEK 605 TEALWOOD LN NW ST MICHAEL, MN 55376 STEVE HOUSE 10350 34TH PL NE ST MICHAEL, MN 55376 FORM 990, PAGE 6, PART VI, LINE 11B TREASURER PREPARES AND FILES FORM 990. ALL NUMBERS TIE TO INCOME & EXPENSE REPORTS WHICH TIE TO BANK AND FINANCIAL REPORTS FROM OUTSIDE SOURCES. REVIEWED BY MEMBERS OF BOARD OR THE PUBLIC AT REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 THE ST MICHAEL COMMUNITY EDUCATIONAL ENDOWMENT FUND INC MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT THE CURRENT WORK-SPACE OFFICE OF ITS TREASURER: 750 CENTRAL AVE NE STE 201, ST MICHAEL, MN. THIS OFFICE IS OPEN AT LEAST 32 HOURS PER WEEK YEAR ROUND. UPON REQUEST APPOINTMENTS CAN BE MADE TO VIEW OR RECEIVE COPIES OF NECESSARY DOCUMENTS.