Civic Intelligence

St Michael'S Endowment Trust Fund

990 • Fiscal year 2024 • EIN 31-1603979

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 30, 2025

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2499 N Westmoreland DriveOrlando, FL 32804

(407) 843-8448

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$184,166

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

175%

Faster asset growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

4515%

Faster revenue growth than 100% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,084,326

Up $1,481,407 (+246%) from 2022

Net Assets

Up

$2,084,326

Up $1,481,407 (+246%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$1,340,910

Up $1,321,366 (+6761%) from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Up

$1,340,910

Up $1,321,366 (+6761%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2013: $471,245Liabilities 2013: $0Net Assets 2013: $471,2452013Assets 2014: $478,078Liabilities 2014: $0Net Assets 2014: $478,0782014Assets 2015: $454,211Liabilities 2015: $0Net Assets 2015: $454,2112015Assets 2017: $553,395Liabilities 2017: $0Net Assets 2017: $553,3952017Assets 2018: $479,109Liabilities 2018: $0Net Assets 2018: $479,1092018Assets 2019: $586,120Liabilities 2019: $0Net Assets 2019: $586,1202019Assets 2020: $664,929Liabilities 2020: $0Net Assets 2020: $664,9292020Assets 2021: $715,104Liabilities 2021: $0Net Assets 2021: $715,1042021Assets 2022: $602,919Liabilities 2022: $0Net Assets 2022: $602,9192022Assets 2024: $2,084,326Liabilities 2024: $0Net Assets 2024: $2,084,3262024

Highlighted filing

2024

Assets$2,084,326
Liabilities$0
Net Assets$2,084,326

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2013: $28,381Expenses 2013: $18,298Net Income 2013: $10,0832013Revenue 2014: $30,909Expenses 2014: $9,584Net Income 2014: $21,3252014Revenue 2015: $50,300Expenses 2015: $18,165Net Income 2015: $32,1352015Revenue 2017: $21,176Expenses 2017: $35,455Net Income 2017: -$14,2792017Revenue 2018: $32,899Expenses 2018: $66,613Net Income 2018: -$33,7142018Revenue 2019: $59,544Expenses 2019: $1,572Net Income 2019: $57,9722019Revenue 2020: $22,132Expenses 2020: $0Net Income 2020: $22,1322020Revenue 2021: $26,607Expenses 2021: $0Net Income 2021: $26,6072021Revenue 2022: $19,544Expenses 2022: $0Net Income 2022: $19,5442022Revenue 2024: $1,340,910Expenses 2024: $0Net Income 2024: $1,340,9102024

Highlighted filing

2024

Revenue$1,340,910
Expenses$0
Net Income$1,340,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$1,340,910
Mission and Program Overview

Mission

To provide support to st. Michael's episcopal church, inc. (a not-for-profit organization) from investment income from invested funds.

To provide support to st. Michael's episcopal church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$758,285$2,084,326▲ $1,326,041
Total Assets$758,285$2,084,326▲ $1,326,041
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$758,285$2,084,326▲ $1,326,041
Total Net Assets Fund Balance$758,285$2,084,326▲ $1,326,041
Total Liabilities and Net Assets / Fund Balance$758,285$2,084,326▲ $1,326,041

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$758,285$1,238,767▲ $87,274-$2,084,326
2023$602,919-▲ $155,366-$758,285
2022$715,104-▼ $112,185-$602,919
2021$664,929-▲ $50,175-$715,104
2020$586,120-▲ $78,809-$664,929
Compensation and Service Providers

Board Members and Trustees

NameTitle
Craig MaughanMember
Fr Rick LuoniMember/rector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,238,767
Program Service Revenue
$0
Investment Income
$102,143
Other Revenue
$0
All Other Contributions
$1,238,767
Change in Net Assets
$1,340,910

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$1,238,767Fair Market Value (FMV)
Total Noncash Contributions1$1,238,767-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
ST MICHAEL'S ENDOWMENT TRUST FUND
EIN
31-1603979
Phone
4078438448
Address
2499 N WESTMORELAND DRIVE, ORLANDO, FL 32804

Signing Officer

Name
Fr Rick Luoni
Title
Member
Phone
4078438448
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fr Rick Luoni
Formed
1973
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
1

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas Tschopp
Phone
4078752760
Supplemental Narrative

Financial Statement Notes

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, 2024, the church had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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, 2024, THE CHURCH HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FR RICK LUONI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MEMBER/RECTOR
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0184166
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt01238767
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF CONTRIBUTIONS FOR DONATED SECURITIES IS BASED ON THE NUMBER OF CONTRIBUTORS.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHURCH
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0758285
IRS990/TotalAssetsEOYAmt02084326
IRS990/TotalAssetsGrp/BOYAmt0758285
IRS990/TotalAssetsGrp/EOYAmt02084326
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IRS990/TotalContributionsAmt01238767
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0758285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02084326
IRS990/TotalOtherCompensationAmt070995
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0102143
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01340910
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0758285
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02084326
IRS990/TotReportableCompRltdOrgAmt0113171
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02499 N WESTMORELAND DRIVE
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IRS990/WebsiteAddressTxt0WWW.STMICHAELSCHURCH.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FR RICK LUONI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum04078438448
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ST MICHAEL'S ENDOWMENT TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0STMI
ReturnHeader/Filer/EIN0311603979
ReturnHeader/Filer/PhoneNum04078438448
ReturnHeader/Filer/USAddress/AddressLine1Txt02499 N WESTMORELAND DRIVE
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261472386
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHAFER TSCHOPP WHITCOMB ET AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0541 S ORLANDO AVENUE SUITE 312
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MAITLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032751
ReturnHeader/PreparerPersonGrp/PhoneNum04078752760
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS TSCHOPP
ReturnHeader/ReturnTs02025-10-30T09:53:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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