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Nonprofiteer
← SMELC HOLDINGS INC

Form 990 for tax year 2023

Filed by SMELC HOLDINGS INC.

Totals

Total revenue
$497,903
Total expenses
$493,106
Contributions and grants received
$305,783
Grants paid
$50
Program service revenue
$0
Investment income
$0
Other revenue
$192,120
Total assets, end of year
$13,926,454
Total liabilities, end of year
$12,740,050
Net assets or fund balances, end of year
$1,186,404
Program services expenses (Part IX)
$322,269
Management and general expenses
$170,837
Fundraising expenses
$0
Program service expenses (Part III)
$322,269

Program services were 65.4% 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

    $305,783

  • 6a · Gross rents

    real property $192,120

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $192,120

  • 6d · Net rental income or loss

    total $192,120 · related or exempt $192,120

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50 · program services $50

  • 11g · Fees: other

    total $500 · management and general $500

  • 20 · Interest

    total $170,337 · management and general $170,337

  • 22 · Depreciation, depletion and amortization

    total $322,219 · program services $322,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $814,748 · end of year $22,135

  • 10a · Land, buildings and equipment: cost or other basis

    $14,391,346

  • 10b · Land, buildings and equipment: accumulated depreciation

    $487,027

  • 10c · Land, buildings and equipment, net

    beginning of year $13,106,859 · end of year $13,904,319

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $50

  • 23 · Secured mortgages and notes payable

    beginning of year $12,740,000 · end of year $12,740,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,181,607 · end of year $1,186,404

Mission and programs · 2023

Mission

COLLECTING INCOME FROM PROPERTY AND TURNING INCOME OVER, LESS EXPENSES TO ST. MARCUS EVANGELICAL LUTHERAN CHURCH, INC. PER WITHIN THE MEANING OF 501(C)(2).

Activities or mission (Part I)

COLLECTING INCOME AND REMITTING IT, LESS EXPENSES, TO ST. MARCUS EVANGELICAL LUTHERAN CHURCH.

  • SMELC HOLDINGS, INC. HELD PROPERTY AND COLLECTED INCOME ON THAT PROPERTY. IN 2023, THE MAIN CAMPUS PROPERTY WAS TRANSFERRED TO ST. MARCUS EVANGELICAL CHURCH. IN 2023, THE ORGANIZATION DID SIGNIFICANT CONSTRUCTION ON THE HARAMBEE CAMPUS.

    Expenses $322,269 · Grants $50 · Revenue $192,120

As filed on the 2023 return.

Listed in Part VII

  • FRED LAUTZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JAYNE REUTER

    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

No itemized grants to organizations 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
2023
Filed
9 December 2024
IRS schema version
2023v5.1
Source object
202423449349300707

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