United Methodist Homes Foundation

Organization Overview

United Methodist Homes Foundation is located in Binghamton, NY. The organization was established in 1990. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. United Methodist Homes Foundation 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 12/2021, United Methodist Homes Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 0.8% 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.

Since 2015, United Methodist Homes Foundation has awarded 30 individual grants totaling $12,737,337. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS THE CENTRALIZED FUNDRAISING SOURCE FOR THE UNITED METHODIST HOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CENTRALIZED FUNDRAISING AND BENEVOLENT CARE IS PROVIDED FOR RESIDENTS OF THE OTHER EIGHT BROTHER / SISTER RELATED AND AFFILIATED ORGANIZATIONS OF THE UNITED METHODIST HOMES WHICH PROVIDE SERVICES FOR THE FRAIL AND ILL ELDERLY. THE FOUNDATION IS THE DEPOSITORY FOR ALL DONOR FUNDS RECEIVED BY THE UNITED METHODIST HOMES AND HONORS AND ACCOUNTS FOR ALL DONOR RESTRICTIONS AND REQUIREMENTS THROUGH ITS ACCOUNTING SYSTEMS AND METHODOLOGY. DONOR FUNDS ARE NOT CO-MINGLED WITH OPERATIONS. THE FOUNDATION IS THE RECIPIENT OF BOTH DONOR FUNDS RECEIVED DIRECTLY FROM DONORS AND BENEFICIAL INTERESTS IN PERPETUAL TRUSTS. A SIGNIFICANT AMOUNT OF DONOR RESTRICTED FUNDS ARE DIRECTED TO BE USED FOR BENEVOLENT CARE AND / OR SUPPOT OF FRAIL AND ILL ELDERLY RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Edwin Betz
Chair
$0
Sharon Berg
Secretary / Treasurer
$0
John Crounse
President
$0
Brian Picchini
President And CEO
$0
Kathy Colling
Trustee
$0
Alan Hertel
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$83,253
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,548,857
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,632,110
Total Program Service Revenue$0
Investment income $201,840
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $19,610
Net Gain/Loss on Asset Sales $247,393
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,100,953

Grants Awarded

Over the last fiscal year, United Methodist Homes Foundation has awarded $1,256,565 in support to 3 organizations.

Grant RecipientAmount

Binghamton, NY

PURPOSE: EQUITY TRANSFER FOR GENERAL SUPPORT - 780,059 RESIDENT SUPPORT 92,045

$872,104

Binghamton, NY

PURPOSE: EQUITY TRANSFER FOR GENERAL SUPPORT - 90,904 RESIDENT SUPPORT 238,363

$329,268

Binghamton, NY

PURPOSE: EQUITY TRANSFER FOR GENERAL SUPPORT

$55,193
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that United Methodist Homes Foundation has recieved totaling $6,800.

Awarding OrganizationAmount
The Luzerne Foundation

Wilkesbarre, PA

PURPOSE: NPO GRANT; MATCHING GIFT INCENTIVE

$6,300
The Grimm Foundation

Waymart, PA

PURPOSE: SUPPORT OF SENIOR LIVING CAMPUSES

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$39,546,438
Earnings$4,292,964
Admin Expense$185,263
Net Contributions$1,632,111
Other Expense$1,467,503
Ending Balance$43,820,747

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