Mount Carmel Endowment Fund INC: Nonprofit Profile, Financials & Form 990 (EIN 23-7325562)

Revenue by fiscal year
FY2020	$21K
FY2021	$41K
FY2022	$27K
FY2023	$14K
FY2024	$33K

Expenses by fiscal year
FY2020	$6K
FY2021	$11K
FY2022	$12K
FY2023	$12K
FY2024	$13K

Net assets by fiscal year
FY2020	$574K
FY2021	$626K
FY2022	$585K
FY2023	$617K
FY2024	$646K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $13K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Susan Bellehumeur

Director

$0Pt VII · Sec A

Darlene Behr

Director

$0Pt VII · Sec A

Kathleen Beale

Director

$0Pt VII · Sec A

Douglas Mann

President

$0Pt VII · Sec A

Todd Laszewski

Vice President

$0Pt VII · Sec A

Kay Austermann

Secretary

$0Pt VII · Sec A

Sloan Watson

Treasurer

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages funds to support Mount Carmel Lutheran Church and its activities.

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Provided by the organization

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1 program · $13K · in their own filed words · FY2024

01

Grants made to Mount Carmel Lutheran Church for a lawn mower, a senior league trip, a women's retreat, foundation repairs, prayer shawl ministry and music ministry.

$13Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 5 grants · $54K · 2020–2024

Mt Carmel Lutheran ChurchWI · FY2024$12,700

Mt Carmel Lutheran ChurchWI · FY2023$11,900

Mt Carmel Lutheran ChurchWI · FY2022$12,003

Mt Carmel Lutheran ChurchWI · FY2021$10,930

Luther SeminaryMN · FY2020$6,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$33K

Ln 12

Investment incomeLn 3$32K

Gifts and grantsLn 1h$1K

Money outPt IX

$13K

Ln 25

Programscol B$13K

Owns and owesPt X

$646K

net assets · Ln 32

Cash and savingsLn 1–2$425K

Total assetsLn 16$646K

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Investment incomeLn 3$32K

Gains on assetsLn 7$19K

Total revenueLn 12$33K

Assets in detailPt X, end of year

CashLn 1$528

SavingsLn 2$425K

Cash and savings togetherLn 1–2$425K

InvestmentsLn 11–13$221K

Total assetsLn 16$646K

LiabilitiesLn 26$0

Net assetsLn 32$646K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$412K	$425K
InvestmentsLn 11–13	$205K	$221K
Total assetsLn 16	$617K	$646K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$617K	$646K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$13K	$13K
Other expenses (24a–d)Ln 24	$25	$25	$0	$0
Total functional expensesLn 25	$13K	$13K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$33K	$13K	$20K	$646K	990 PDF
FY2023	$14K	$12K	$2K	$617K	990 PDF
FY2022	$27K	$12K	$15K	$585K	990 PDF
FY2021	$41K	$11K	$30K	$626K	990 PDF
FY2020	$21K	$6K	$15K	$574K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $32,773 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $273$1,106

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $13,330$31,667

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $13,603$32,773

I-13 Grants and similar amounts paidPrior year $11,900$12,700

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $25$25

I-18 Total expensesPrior year $11,925$12,725

I-19 Revenue less expensesPrior year $1,678$20,048

Part VI · Governance 7 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $32,773 across 14 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$681

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$425

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$1,106

VIII-3 Investment incomeRelated to mission $12,385 · Unrelated business $0 · Excluded from tax $0$12,385

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-7 Net gain or loss on sales of assetsRelated to mission $19,282 · Unrelated business $0 · Excluded from tax $0$19,282

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $31,667 · Unrelated business $0 · Excluded from tax $0$32,773

Part IX · Statement of functional expenses $12,725 across 2 lines filed

IX-1 Grants to domestic organizationsPrograms $12,700$12,700

IX-24 Other expenses (24a–d)Programs $25 · Management $0 · Fundraising $0$25

IX-25 Total functional expensesPrograms $12,725 · Management $0 · Fundraising $0$12,725

Part X · Balance sheet $646,170 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $947$528

X-2 Savings and temporary cash investmentsStart of year $410,994$424,945

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$0

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-11 Publicly traded securitiesStart of year $204,792$220,697

X-16 Total assetsStart of year $616,733$646,170

X-17 Accounts payable and accrued expensesStart of year $0$0

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $616,733$646,170

X-33 Total liabilities and net assetsStart of year $616,733$646,170

Part XI · Reconciliation of net assets $646,170 net assets at year end

XI-1 Total revenue$32,773

XI-2 Total expenses$12,725

XI-3 Revenue less expenses$20,048

XI-4 Net assets at start of year$616,733

XI-5 Net unrealized gains (losses) on investments$9,389

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$646,170

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mount Carmel Endowment Fund INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mount Carmel Endowment Fund INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV