2025-03-21T10:51:58-05:00 2023-12-31 261472386 SCHAFER TSCHOPP WHITCOMB ET AL 541 S ORLANDO AVENUE SUITE 312 MAITLAND FL 32751 990 2023-01-01 311603979 ST MICHAEL'S ENDOWMENT TRUST FUND STMI 4078438448 2499 N WESTMORELAND DRIVE ORLANDO FL 32804 FR RICK LUONI MEMBER 4078438448 2025-03-21 1 0 THOMAS TSCHOPP P00836892 4078752760 2023 2025-03-06 01:10:19Z THOMAS COOK 2499 N WESTMORELAND DRIVE ORLANDO FL 32804 29058 0 X WWW.STMICHAELSCHURCH.COM X 1973 FL TO PROVIDE SUPPORT TO ST. MICHAEL'S EPISCOPAL CHURCH. 5 4 0 0 0 0 0 0 0 0 19544 29058 0 0 19544 29058 0 0 0 0 0 0 0 0 0 0 0 0 0 19544 29058 602919 758285 0 0 602919 758285 X TO PROVIDE SUPPORT TO ST. MICHAEL'S EPISCOPAL CHURCH, INC. (A NOT-FOR-PROFIT ORGANIZATION) FROM INVESTMENT INCOME FROM INVESTED FUNDS. 0 0 THE ST. MICHAEL'S ENDOWMENT TRUST FUND WAS FORMED FOR THE SOLE PURPOSE OF RECEIVING, MANAGING AND INVESTING FUNDS SOLELY FOR THE BENEFIT OF ST. MICHAEL'S EPISCOPAL CHURCH, INC. (A NOT FOR PROFIT ORGANIZATION). IN ACCORDANCE WITH THE POLICY ESTABLISHED BY THE VESTRY OF THE CHURCH, DONATIONS TO THE TRUST FUND ARE TO BE MANAGED BY THE PLANNED GIVING COMMITTEE. THE TRUST FUND IS REQUIRED TO DISBURSE THE NET INCOME IN ANNUAL INSTALLMENTS TO ST. MICHAEL'S EPISOCPAL CHURCH, INC. THE FUNDS ARE TO BE USED BY THE CHURCH IN THE FOLLOWING MANNER: ONE-FOURTH TO BE USED FOR SCHOLARSHIPS OR GRANTS TO MEMBERS OF THE CHURCH FOR THE PURPOSE OF ATTENDING SEMINARY, CHURCH-RELATED CAMPING OR LEADERSHIP CONFERENCES, OR SUCH OTHER TRAINING WHICH WOULD ENABLE MEMBERS OF THE CONGREGATION TO GROW IN CHRISTIAN FAITH AND SERVICE TO GOD'S PEOPLE. ONE-FOURTH TO BE USED FOR CAPITAL IMPROVEMENTS TO REAL PROPERTY OWNED BY THE CHURCH. DISTRIBTUTIONS FOR CAPITAL IMPROVEMENTS SHALL NOT BE UTILIZED TO FUND A PORTION OF A FUND-RAISING PROGRAM TO BUILD ANY BUILDINGS OCCUPIED OR TO BE OCCUPIED BY THE CHURCH OR TO PAY PRINCIPAL AND INTEREST FOR ANY DEBT OWED BY THE CHURCH. ONE-FOURTH TO BE FOR OUTREACH COMMUNITY, INCLUDING, BUT NOT LIMITED TO, SOCIAL SERVICE AGENCIES TO WHICH THIS PARISH RELATES, OR TO SPECIAL PROGRAMS DESIGNED FOR THOSE PERSONS IN THE ORLANDO AREA WHO ARE IN SPIRITUAL AND/OR ECONOMIC NEED. ONE-FOURTH TO BE USED FOR PROJECTS OR THE DIOCESES OF CENTRAL FLORIDA, THE DIOCESE OF HONDURAS, THE DOMESTIC AND FOREIGN MISSIONARY SOCIETY, SCHOOLS, COLLEGES AND SEMINARIES, RETIREMENT FACILITIES, AND OTHER SPECIAL MINISTRIES. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 FL X X JOAN MYERS CONTROLLER 4078438448 2499 N WESTMORELAND DRIVE ORLANDO FL 32804 FR RICK LUONI MEMBER/RECTOR 2.00 40.00 X 0 100663 0 CRAIG MAUGHAN MEMBER 2.00 X 0 0 0 0 100663 0 0 0 0 0 0 29058 29058 29058 0 0 29058 0 0 0 0 602919 758285 602919 758285 0 0 X 602919 758285 602919 758285 602919 758285 29058 126308 0 X 0 1 X 1 0 X X 1 ST MICHAEL'S EPISCOPAL CHURCH INC 590782458 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 602919 155366 758285 715104 -112185 602919 664929 50175 715104 586120 78809 664929 479109 108583 1572 586120 1.00000 0 1 1 0 X PART V, LINE 4: INVESTMENT INCOME DERIVED FROM UNRESTRICTED ENDOWMENT FUNDS REQUIRED TO BE DISBURSED TO ST. MICHAEL'S EPISCOPAL CHURCH, INC. (A NON-PROFIT ORGANIZATION) FOR PURPOSES DESCRIBED IN THE ORGANIZATION'S PROGRAM SERVICE ACCOMPLISHMENTS ON PAGE 2 OF FORM 990. PART X, LINE 2: THE CHURCH IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM STATE INCOME TAXES PURSUANT TO CORRESPONDING FLORIDA LAW. AS A RESULT, NO INCOME TAX PROVISION OR LIABILITY HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CHURCH HAS NOT INCURRED UNRELATED BUSINESS INCOME TAXES. THE CHURCH ADOPTED PROVISIONS OF THE INCOME TAX TOPIC OF THE ASC. THESE PROVISIONS CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBE GUIDANCE RELATED TO THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IS ONLY RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN EXPENSES IN THE STATEMENT OF ACTIVITIES. AS OF DECEMBER 31, 2023, THE CHURCH HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 TAX RETURN IS SENT TO THE CONTROLLER OF ST. MICHAEL'S EPISCOPAL CHURCH WHO REVIEWS THE RETURN. IF ANY CHANGES ARE NECESSARY, THE CPA FIRM MAKES THE NECESSARY CHANGES AND THEN HAS A BOARD OFFICER AUTHORIZE THE RETURN FOR ELECTRONIC FILING TO THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ST MICHAEL'S EPISCOPAL CHURCH INC 2499 N WESTMORELAND DRIVE ORLANDO FL 32804 590782458 CHURCH FL 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0