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Nonprofiteer
← ST MARCUS FOUNDATION INC

Form 990 for tax year 2024

Filed by ST MARCUS FOUNDATION INC.

Totals

Total revenue
$537,097
Total expenses
$198,104
Contributions and grants received
$52,298
Grants paid
$91,937
Program service revenue
$0
Investment income
$484,799
Other revenue
$0
Total assets, end of year
$13,197,021
Total liabilities, end of year
$1,335,311
Net assets or fund balances, end of year
$11,861,710
Program services expenses (Part IX)
$92,187
Management and general expenses
$105,917
Fundraising expenses
$0
Program service expenses (Part III)
$92,187

Program services were 46.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $52,298

  • 3 · Investment income

    total $163,005 · related or exempt $163,005

  • 7a · Gross sales of assets other than inventory

    securities $321,794

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $321,794

  • 7d · Net gain or loss

    total $321,794 · related or exempt $321,794

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,937 · program services $91,937

  • 11a · Fees: management

    total $23,391 · management and general $23,391

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 13 · Office expenses

    total $28 · management and general $28

  • 20 · Interest

    total $80,475 · management and general $80,475

  • 24a · Other expenses: DEPARTMENT/PROGRAM EXPE

    total $250 · program services $250

  • 24b · Other expenses: LICENSES & FEES

    total $158 · management and general $158

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,203 · end of year $28,039

  • 7 · Other notes and loans receivable

    beginning of year $9,232,600 · end of year $9,232,600

  • 11 · Investments: publicly traded securities

    beginning of year $3,536,685 · end of year $3,936,382

  • 17 · Accounts payable and accrued expenses

    beginning of year $25 · end of year $1,311

  • 23 · Secured mortgages and notes payable

    beginning of year $1,334,000 · end of year $1,334,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,688,224 · end of year $11,097,471

  • 28 · Net assets with donor restrictions

    beginning of year $764,239 · end of year $764,239

Mission and programs · 2024

Mission

TO PROVIDE FINANCIAL SUPPORT TO FURTHER CERTAIN OF THE EXEMPT PURPOSES OF THE ST. MARCUS EVANGELICAL LUTHERAN CHURCH, INC., INCLUDING, WITHOUT LIMITATION, FINANCIAL SUPPORT FOR THE ST. MARCUS LUTHERAN SCHOOL.

Activities or mission (Part I)

PROVIDE FUNDS TO ENHANCE RELIGIOUS, CHARITABLE AND EDUCATIONAL ENTITIES.

  • FINANCIAL SUPPORT PROVIDED TO ST. MARCUS EVANGELICAL LUTHERAN CHURCH, INC.

    Expenses $92,187 · Grants $91,937

As filed on the 2024 return.

Listed in Part VII

  • LILLI GUST

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARK JESKE

    VICE PRESIDENT & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CRAIG SCHMUTZER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 March 2026
IRS schema version
2024v5.5
Source object
202610659349300211

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