St Michael Community Education Endowment Fund Inc

“As of march 2021 90% of our investment dollars were moved to 501(c)(3) catholic united financial foundation, 10% remained in our local community develpment bank. Thus, majority of our asset balance is reported as part of/on cuff form 990. We are choosing to continue to report on form 990, so our donors have access to our fund balance and activity.”

“Kevin rose 8801 30th st ne st michael, mn 55376 leroy lindenfelser 9896 85th st ne monticello, mn 55362 brian bruner 10191 30th st ne st michael, mn 55376 steve sustacek 605 tealwood ln nw st michael, mn 55376 steve house 10350 34th pl ne st michael, mn 55376”

“Treasurer prepares and files form 990. All numbers tie to income & expense reports which tie to bank and financial reports from outside sources. Reviewed by members of board at request.”

“The st michael community educational endowment fund inc makes its governing documents and financial statements available at the current work-space office of its treasurer: 750 central ave ne ste 201, st michael, mn. This office is open at least 32 hours per week year round. Upon request appointments can be made to view or receive copies of necessary documents.”

“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.”

“Volunteers are active board members: attending meetings, making decisions.”

“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 will implement a policy for a reserve fund for years of "down" markets - allowing a donation to the school, without dipping into principle dollars.”