United Methodist Senior Servicesfoundation
- Assets
- $4.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-5992404
Organization Overview
United Methodist Senior Servicesfoundation, operating under the name Mrc Foundation, is located in The Woodlands, TX. The organization was established in 2007. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mrc 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 12/2022, Mrc Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 8 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, Mrc Foundation has awarded 56 individual grants totaling $5,324,585. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MRC FOUNDATION SUPPORTS MRC AND ITS AFFILIATES IN ACCOMPLISHING THEIR COMMITMENT TO QUALITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVED, INVESTED, AND ADMINISTERED GIFTS TO MRC AFFILIATES SO THE SUPPORTED ORGANIZATIONS COULD PROVIDE NURSING CARE ASSISTANCE TO ITS RESIDENTS.THE FOUNDATION ASSISTS BY FUNDRAISING FOR BENEVOLENT ASSISTANCE TO AID THOSE IN NEED WITHIN THE MRC SYSTEM, CAPITAL CAMPAIGNS FOR NEW REDEVELOPMENT AND REFURBISHMENT PROJECTS; AND A VARIETY OF PROGRAMS AND SERVICES OFFERED BY MRC AND ITS AFFILIATES TOWARD SUPPORTING THE DIGNITY, INDEPENDENCE AND QUALITY OF LIFE FOR THE SENIOR RESIDENTS BEING SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Alan Brown President | OfficerTrustee | 0 | $0 |
Mr Wayne D Haglund Director | Trustee | 1 | $0 |
Mr Thomas R Wussow Director | Trustee | 1 | $0 |
Mrs Alyce Anne Baggett Chair | OfficerTrustee | 1 | $0 |
Rev Billy T Williamson Director | Trustee | 1 | $0 |
Mr Larry St Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,044,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,126 |
| Total Program Service Revenue | $0 |
| Investment income | $123,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,395,860 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,850 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,481 |
| Office expenses | $4,497 |
| Information technology | $5,244 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,457,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,271 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,785,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,423,220 |
| Accounts payable and accrued expenses | $251,579 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $13,366 |
| Other liabilities | $0 |
| Total liabilities | $264,945 |
| Net assets without donor restrictions | $1,520,534 |
| Net assets with donor restrictions | $2,637,741 |
| 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 | $4,423,220 |
Grants Awarded
Over the last fiscal year, United Methodist Senior Servicesfoundation has awarded $1,333,634 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
MRC CRESTVIEW PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $182,841 |
MRC TOWNCREEK PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $111,000 |
MRC CORNERSTONE PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $656,110 |
MRC MIRADOR PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $41,705 |
MRC PINECREST PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $98,073 |
HAPPY HARBOR METHODIST HOME PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $19,704 |