Nonprofit · EIN 38-3416294
ST MARY SCHOOL ENDOWMENT FOUNDATION INC
Tax-exempt · LAKE LEELANAU, MI 49653
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $300,526 | $281,653 | $18,873 | $5,458,861 | $0 | $5,458,861 |
| December 31, 2024 | 990 | $550,785 | $252,342 | $298,443 | $4,983,086 | $0 | $4,983,086 |
| December 31, 2023 | 990 | $249,428 | $215,033 | $34,395 | $4,550,664 | $0 | $4,550,664 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $101,158
- Program service revenue
- $0
- Investment income
- $199,368
- Net gain from sales of assets
- $87,071
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $227,638
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,020
- Program services (functional)
- $227,638
- Management and general (functional)
- $54,015
Balance sheet and other
- Total assets, start of year
- $4,983,086
- Total assets, end of year
- $5,458,861
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,458,861
- Gross receipts
- $2,426,945
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SCHAUB | BOARD MEMBER Trustee or director | 0 | $0 |
| PAULA KORSON | BOARD MEMBER Trustee or director | 0 | $0 |
| NANCY FARESE | PRESIDENT Officer | 0 | $0 |
| TOM ALFLEN | VICE-PRESIDENT Officer | 0 | $0 |
| MICHAEL BEAN | TREASURER Officer | 0 | $0 |
| J PETER MILLER | SECRETARY Officer | 0 | $0 |
| LORI SCHAUB | ASSISTANT TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SCHAUB | BOARD MEMBER Trustee or director | 0 | $0 |
| NANCY FARESE | PRESIDENT Officer | 0 | $0 |
| TOM ALFLEN | VICE-PRESIDENT Officer | 0 | $0 |
| MICHAEL BEAN | TREASURER Officer | 0 | $0 |
| J PETER MILLER | SECRETARY Officer | 0 | $0 |
| LORI SCHAUB | ASSISTANT TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM SCHAUB | BOARD MEMBER Trustee or director | 0 | $0 |
| NANCY FARESE | PRESIDENT Officer | 0 | $0 |
| TOM ALFLEN | VICE-PRESIDENT Officer | 0 | $0 |
| MICHAEL BEAN | TREASURER Officer | 0 | $0 |
| J PETER MILLER | SECRETARY Officer | 0 | $0 |
| LORI SCHAUB | ASSISTANT TREASURER Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6, LAKE LEELANAU, MI 49653-0006
- Principal officer (990 for 2025)
- LORI A SCHAUB, 307 SOUTH ST MARY STREET PO BOX 6, LAKE LEELANAU, MI 49653
- Signed the 990
- LORI A SCHAUB, BUSINESS MANAGER
- Phone
- (231) 256-9676
- Return prepared by
- DGN LLC
Mission
TO SOLICIT, SECURE AND PROVIDE FUNDS FOR SCHOLARSHIPS AND EDUCATIONAL EXPENSES FOR ST. MARY SCHOOL, LAKE LEELANAU, MI.
Program accomplishments
- ST. MARY SCHOOL OPERATIONS AND PROGRAM SUPPORT.Expenses $167,181 · grants $167,181
- GUARDIAN ANGELS SCHOLARSHIPS AND TEACHER SCHOLARSHIP ASSISTANCE.Expenses $60,457 · grants $60,457
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3416294
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,458,861
- Income (IRS master file)
- $2,426,945
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $300,526 | $281,653 | $5,458,861 | IRS |
| 990 | December 2024 | $550,785 | $252,342 | $4,983,086 | IRS |
| 990 | December 2023 | $249,428 | $215,033 | $4,550,664 | XML |
| 990 | December 2022 | $1,350,849 | $182,550 | $4,124,555 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3416294).
Questions about ST MARY SCHOOL ENDOWMENT FOUNDATION INC
- What is the EIN of ST MARY SCHOOL ENDOWMENT FOUNDATION INC?
- The employer identification number (EIN) of ST MARY SCHOOL ENDOWMENT FOUNDATION INC is 38-3416294.
- Is ST MARY SCHOOL ENDOWMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ST MARY SCHOOL ENDOWMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ST MARY SCHOOL ENDOWMENT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ST MARY SCHOOL ENDOWMENT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ST MARY SCHOOL ENDOWMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ST MARY SCHOOL ENDOWMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names LORI A SCHAUB.
- Who are the officers and directors of ST MARY SCHOOL ENDOWMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ST MARY SCHOOL ENDOWMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $300,526, expenses of $281,653 and total assets of $5,458,861 at year end.
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