St Michael Foundation FY2019 filing

Petoskey, MIUnknown exempt organizationEIN 47-3507842

St. Michael the archangel foundation aims to inspire children and young adults to live a christ-centered life by providing authentic catholic experiences that challenge their minds, renew their hearts and strengthen their character. IT is the intent of the foundation to engage exclusively in religious, educational and charitable activities.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $60K a year · 26% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$268K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$419K
Spent
$404K
To programs
100%
Net assets
$252K
By yearFY2019–FY2022
Revenue
$419K
FY2019
Revenue by fiscal year
FY2019$419K
FY2022$45K
FY2022$873K
Expenses
$404K
FY2019
Expenses by fiscal year
FY2019$404K
FY2022$179K
FY2022$292K
Net assets
$252K
FY2019
Net assets by fiscal year
FY2019$252K
FY2022−$719K
FY2022$0

From the FY2019 Form 990 · see the original

You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $404K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See St Michael Foundation executive salaries →

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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

Inspires youth through Catholic experiences to live Christ-centered lives.

Provided by the organization

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1 program service account for $404K of program spending, described in the organization's own filed words · FY2019.
01

ST. Michael the archangel foundation aims to inspire children and young adults to live a christ-centered life by providing authentic catholic experiences that challenge their minds, renew their hearts and strengthen their character.

$404Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 2 funders$12K
Grants paid · 3 grants · $647K · 2019–2022
St Michael AcademyMI · FY2022$260,297
St Michael AcademyMI · FY2021$16,295
St Michael AcademyMI · FY2019$370,150

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$419K
Ln 12
Gifts and grantsLn 1h$419K
Investment incomeLn 3$8
Money outPt IX
$404K
Ln 25
Programscol B$404K
Owns and owesPt X
$252K
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$520K
LiabilitiesLn 26$268K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$419K
Investment incomeLn 3$8
Total revenueLn 12$419K
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Land, buildings, equipmentLn 10c$510K
Total assetsLn 16$520K
LiabilitiesLn 26$268K
Net assetsLn 32$252K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$13K$10K
Land, buildings, equipmentLn 10c$472K$510K
Total assetsLn 16$485K$520K
LiabilitiesLn 26$305K$268K
Net assetsLn 32$180K$252K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$370K$370K
Accounting feesLn 11c$600$600
Other fees for servicesLn 11g$40$40
Office expensesLn 13$80$80
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$19K$19K
Other expenses (24a–d)Ln 24$963$963
Total functional expensesLn 25$404K$404K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 $45K$179K−$134K−$719K 990 PDF
FY2021 Not on file
FY2020 Not on file
FY2019 Viewing $419K$404K$15K$252K 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 FY2019 990 (4 parts)
Part VIII · Statement of revenue $419,392 across 4 lines filed
VIII-1f All other contributions, gifts and grants$419,384
VIII-1h Total contributions, gifts and grants$419,384
VIII-3 Investment incomeExcluded from tax $8$8
VIII-12 Total revenueExcluded from tax $8$419,392
Part IX · Statement of functional expenses $404,142 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $370,150$370,150
IX-11c Accounting feesPrograms $600$600
IX-11g Other fees for servicesPrograms $40$40
IX-13 Office expensesPrograms $80$80
IX-20 InterestPrograms $13,576$13,576
IX-22 Depreciation, depletion and amortizationPrograms $18,733$18,733
IX-24 Other expenses (24a–d)Programs $963$963
IX-25 Total functional expensesPrograms $404,142 · Management $0 · Fundraising $0$404,142
Part X · Balance sheet $519,718 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $12,966$10,035
X-10c Land, buildings and equipment, netStart of year $472,217$509,683
X-16 Total assetsStart of year $485,183$519,718
X-25 Other liabilitiesStart of year $5,500$5,500
X-26 Total liabilitiesStart of year $304,976$268,062
X-32 Total net assets or fund balancesStart of year $180,207$251,656
X-33 Total liabilities and net assetsStart of year $485,183$519,718
Part XI · Reconciliation of net assets $251,656 net assets at year end
XI-1 Total revenue$419,392
XI-2 Total expenses$404,142
XI-3 Revenue less expenses$15,250
XI-4 Net assets at start of year$180,207
XI-8 Prior period adjustments$56,199
XI-10 Net assets at end of year$251,656

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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