Methodist Family Health Foundation Inc
- Assets
- $19.9m
- Revenue
- $3.3m
- Investments
- $12.3m
- Employees
- 5
- Location
- Little Rock, AR
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 02-0701562
Organization Overview
Methodist Family Health Foundation Inc is located in Little Rock, AR. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Methodist Family Health Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Family Health Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Methodist Family Health Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR PROGRAMS AND SERVICES OF THE UNITED METHODIST CHILDREN'S HOME, INC. AND THE UNITED METHODIST BEHAVIORAL HEALTH SYSTEMS, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE PROGRAM SERVICE EXPENDITURES REPRESENT SCHOLARSHIP ASSISTANCE AND OTHER PROGRAMS FOR CHILDREN AND FAMILIES OF ARKANSAS.
TO PROVIDE SUPPORT FOR PROGRAMS FOSTERED BY UNITED METHODIST CHILDRENS HOME WHICH PROVIDES BEHAVIORAL HEALTHCARE SERVICES AND PROGRAMS FOR CHILDREN AND FAMILIES OF ARKANSAS.
TO PROVIDE SUPPORT FOR PROGRAMS FOSTERED BY UNITED METHODIST BEHAVIORAL HEALTH SYSTEM WHICH SUPPORTS DEVELOPMENT AND OPERATION OF PROGRAMS OF CHILD CARE TO INCLUDE ACUTE CARE, RESIDENTIAL CARE, OUTPATIENT CLINICAL SERVICES AND OTHER SERVICES AND PROGRAMS.
REAL PROPERTY RENTAL TO AFFILIATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Mccone President/exec Dir | Officer | 40 | $121,468 |
Andy Altom Vice Chair/ceo | OfficerTrustee | 0 | $0 |
Ray Dillon Treasurer | OfficerTrustee | 1 | $0 |
Jim Duckett Secretary | OfficerTrustee | 1 | $0 |
Jan Green Chairperson | OfficerTrustee | 1 | $0 |
Lesley Don Cole CFO | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kinco Construction Llc Construction | 6/29/22 | $384,507 |
Psych Services Inc Psychiatry | 6/29/22 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,777 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,936,636 |
| Noncash contributions included in lines 1a–1f | $15,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,008,413 |
| Total Program Service Revenue | $230,124 |
| Investment income | $227,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,193 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $839,925 |
| Net Income from Fundraising Events | -$13,420 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,307,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,539 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,765 |
| Compensation of current officers, directors, key employees. | $33,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,104 |
| Pension plan accruals and contributions | $4,916 |
| Other employee benefits | $1,919 |
| Payroll taxes | $26,367 |
| Fees for services: Management | $56,400 |
| Fees for services: Legal | $1,699 |
| Fees for services: Accounting | $13,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,689 |
| Fees for services: Other | $35,844 |
| Advertising and promotion | $0 |
| Office expenses | $15,902 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,266 |
| Travel | $9,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,671 |
| Interest | $35,911 |
| Payments to affiliates | $540,026 |
| Depreciation, depletion, and amortization | $68,542 |
| Insurance | $0 |
| All other expenses | $11,609 |
| Total functional expenses | $1,513,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,987 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $530,529 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $150 |
| Net Land, buildings, and equipment | $1,727,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,317,625 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,548,736 |
| Total assets | $19,928,910 |
| Accounts payable and accrued expenses | $89,846 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,097,920 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $944,159 |
| Total liabilities | $2,131,925 |
| Net assets without donor restrictions | $11,904,409 |
| Net assets with donor restrictions | $5,892,576 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,928,910 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Methodist Family Health Foundation Inc has recieved totaling $1,903,230.
| Awarding Organization | Amount |
|---|---|
J E And L E Mabee Foundation Inc Midland, TX PURPOSE: BUILDING (NEW) MULTI-PURPOSE | $950,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: MIKE MILLAR SPIRITUAL LIFE CENTER | $250,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
United Methodist Foundation Of Arkansas Little Rock, AR PURPOSE: Religious | $218,250 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: 2021 SUPPORT - ANDY ALTOM'S DISCRETION | $50,000 |
Endowment Analysis
| Beg. Balance | $17,846,994 |
| Earnings | -$1,613,055 |
| Admin Expense | $50,689 |
| Net Contributions | $1,340,563 |
| Other Expense | $642,830 |
| Ending Balance | $16,880,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |