Nonprofit · EIN 41-1790330
ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND
Tax-exempt · SAINT MICHAEL, MN 55376
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $56 | $45,725 | -$45,669 | $1,230,460 | $0 | $1,230,460 |
| December 31, 2023 | 990 | $326 | $40,170 | -$39,844 | $1,145,746 | $0 | $1,145,746 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $45,700
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $45,700
- Management and general (functional)
- $25
Balance sheet and other
- Total assets, start of year
- $1,145,746
- Total assets, end of year
- $1,230,460
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,230,460
- Net assets without donor restrictions
- $1,230,460
- Gross receipts
- $56
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1991
- State of legal domicile
- MN
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA G BORCHARDT | TREASURER Officer | 1 | $0 |
| KEVIN ROSE | VICE PRESIDE Officer | 0.25 | $0 |
| BRIAN BRUNER | PRESIDENT Officer | 0.5 | $0 |
| STEVE SUSTACEK | SECRETARY Officer | 0.5 | $0 |
| STEVE HOUSE | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDA G BORCHARDT | TREASURER Officer | 1 | $0 |
| KEVIN ROSE | PAST PRESIDE Trustee or director | 0.25 | $0 |
| LEROY LINDENFELSER | V PRES Officer | 0.25 | $0 |
| BRIAN BRUNER | PRESIDENT Officer | 0.5 | $0 |
| STEVE SUSTACEK | SECRETARY Officer | 0.5 | $0 |
| STEVE HOUSE | DIRECTOR Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 4890 MAYER AVE NE, SAINT MICHAEL, MN 55376-9514
- Principal officer (990 for 2024)
- BRIAN BRUNER, 10191 30TH ST NE, ST MICHAEL, MN 55376
- Signed the 990
- LINDA G BORCHARDT, TREASURER
- Phone
- (763) 497-7817
- Return prepared by
- PEGGY S SCHUMM CPA LTD
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.
Program accomplishments
- 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.
- 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).Expenses $45,700 · grants $45,700
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not 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
- 41-1790330
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $1,230,460
- Income (IRS master file)
- $56
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $56 | $45,725 | $1,230,460 | XML |
| 990 | December 2023 | $326 | $40,170 | $1,145,746 | XML |
| 990 | December 2022 | $264 | $34,670 | $1,034,642 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 41-1790330).
Questions about ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND
- What is the EIN of ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND?
- The employer identification number (EIN) of ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND is 41-1790330.
- Is ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND?
- The 990 for the year ended December 31, 2024 names BRIAN BRUNER.
- Who are the officers and directors of ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ST MICHAEL COMMUNITY EDUCATION ENDOWMENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $56, expenses of $45,725 and total assets of $1,230,460 at year end.
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