United Methodist Senior Servicesfoundation
- Assets
- $5.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 09/2007
- Data as of
- 12/2021
- 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 12/2021, Mrc Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $831.0k during the year ending 12/2021. While expenses have increased by 5.2% 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, Mrc Foundation has awarded 46 individual grants totaling $3,990,951. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MRC FOUNDATION SUPPORTS MRC AND ITS AFFILIATES IN ACCOMPLISHING THEIR COMMITMENT TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. 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.
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 Thomas R Wussow Vice Chair | OfficerTrustee | 1 | $0 |
Mr Alan Brown President | OfficerTrustee | 0 | $0 |
Mr Wayne D Haglund Chair | OfficerTrustee | 1 | $0 |
Ms Frances Beltran VP Human Resources | Officer | 0 | $0 |
Mr Don Stephens Cfo/treasurer | Officer | 2 | $0 |
Ms Jennifer Poe Secretary | Officer | 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 | $1,061,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,061,665 |
| Total Program Service Revenue | $0 |
| Investment income | $211,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $166,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,440,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $759,791 |
| 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 | $1,328 |
| Fees for services: Accounting | $1,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,597 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,845 |
| Office expenses | $17,180 |
| Information technology | $9,174 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,616 |
| 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 | $830,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,955 |
| 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 | $12,403 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,440,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,282,065 |
| Accounts payable and accrued expenses | $26,651 |
| 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 | $29,480 |
| Other liabilities | $0 |
| Total liabilities | $56,131 |
| Net assets without donor restrictions | $2,246,789 |
| Net assets with donor restrictions | $2,979,145 |
| 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 | $5,282,065 |
Grants Awarded
Over the last fiscal year, United Methodist Senior Servicesfoundation has awarded $749,502 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
The Woodlands, TX PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $357,908 |
The Woodlands, TX PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $152,000 |
The Woodlands, TX PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $105,006 |
The Woodlands, TX PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $75,636 |
The Woodlands, TX PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $24,803 |
Spring, TX PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION. | $21,314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United Methodist Senior Servicesfoundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Episcopal Seniors Foundation Houston, TX PURPOSE: PROVIDE GRANT TO ALLOW METHODIST FOOD PANTRY TO PROVIDE FOOD PANTRIES AT MRC HUD COMMUNITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saudi Aramco Ret Welfare Ben Tr Houston, TX | $29,146 | $26,385,582 |
San Angelo Area Foundation San Angelo, TX | $221,834,647 | $42,062,458 |
Mercy Ships Foundation Lindale, TX | $100,019,661 | $12,520,932 |
Texas Womens Foundation Dallas, TX | $33,197,240 | $8,443,158 |
Gayle And Tom Benson Charitablefoundation Metairie, LA | $44,526 | $10,673,881 |
The Oscar J Tolmas Charitable Trust Metairie, LA | $58,086,420 | $4,279,649 |
The University Of Texas At Tyler Education Inc Tyler, TX | $0 | $51,128 |
University Of Arkansas Technology Development Foundation Fayetteville, AR | $18,380,736 | $2,093,754 |
Butcher Fund Houston, TX | $0 | $254,062 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
John R & Greli N Less Charitable Trust San Antonio, TX | $117,218,576 | $120,089,499 |
St Davids Community Health Foundation Initiatives Austin, TX | $27,867,184 | $2,942,176 |