United Methodist Foundation Of Indiana Inc
- Assets
- $105.5m
- Revenue
- $2.0m
- Investments
- $58.9m
- Employees
- 8
- Location
- Fishers, IN
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 23-7258100
Organization Overview
United Methodist Foundation Of Indiana Inc is located in Fishers, IN. The organization was established in 1973. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2023, United Methodist Foundation Of Indiana Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Foundation Of Indiana 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 12/2023, United Methodist Foundation Of Indiana Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, United Methodist Foundation Of Indiana Inc has awarded 24 individual grants totaling $1,236,166. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESOURCING THE MISSION AND MINISTRY OF UNITED METHODIST AND OTHER WESLEYAN-BASED CHURCHES IN INDIANA IN THE AREA OF STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIRST PROGRAM IS GENERAL SERVICES. THE FOUNDATION SERVES UNITED METHODIST AND OTHER WESLEYAN-BASED CHURCHES, AGENCIES, AND MEMBERS IN THE FOLLOWING WAYS: IT PROVIDES INVESTMENT MANAGEMENT SERVICES TO LOCAL CHURCHES, AGENCIES, AND BOARDS. IT ASSISTS LOCAL CHURCHES IN DEVELOPING, PROMOTING, AND MANAGING THEIR ENDOWMENT PROGRAMS. IT PROVIDES EDUCATIONAL SEMINARS ON STEWARDSHIP, PLANNED GIVING, ESTATE PLANNING, CAPITAL CAMPAIGNS, AND RELATED SUBJECTS. IT PROVIDES ADMINISTRATIVE SERVICES FOR DONORS MAKING DEFERRED GIFTS TO THEIR CHURCH OR A CHURCH RELATED MISSION OR MINISTRY.
THE SECOND PROGRAM AREA IS LEGACY GRANTS. THE FOUNDATION ACTS AS TRUSTEE AND ADMINISTERS FUNDS FOR THE BENEFIT OF LOCAL CHURCHES AND CHURCH RELATED MINISTRIES AND MISSIONS. IT MANAGES AND ADMINISTERS ENDOWMENT FUNDS OF THE FOUNDATION AND DISTRIBUTES EARNINGS. IT EVALUATES GRANT REQUESTS, SELECTS QUALIFIED RECIPIENTS, AND MAKES DISBURSEMENTS TO QUALIFIED RECIPIENTS. IN GENERAL IT SUPPORTS THE CHURCH'S EVANGELICAL AND SOCIAL SERVICE PROGRAMS, AIMS, AND PURPOSES OF THE UNITED METHODIST DENOMINATION IN INDIANA.
THE THIRD PROGRAM IS THE LOAN AND SAVINGS MINISTRY. THE LOAN AND SAVINGS MINISTRY PROVIDES FUNDING TO UNITED METHODIST AND OTHER WESLEYAN-BASED CHURCHES AND AGENCIES IN INDIANA TO PURCHASE, BUILD, OR REPAIR PROJECTS RELATED TO THEIR CHURCH BUILDINGS AND PARSONAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Manet Shettle President | Officer | 40 | $156,794 |
Dave Berry Director | Trustee | 0.5 | $0 |
Monte Chamberlin Chair | OfficerTrustee | 1 | $0 |
John Clay Director | Trustee | 1 | $0 |
Teri Crouse Director | Trustee | 0.5 | $0 |
Karla Elliott Director | Trustee | 0.5 | $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 | $304,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,550 |
| Total Program Service Revenue | $1,179,640 |
| Investment income | $544,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,034,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,377 |
| Grants and other assistance to domestic individuals. | $292,659 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,794 |
| Compensation of current officers, directors, key employees. | $92,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $574,363 |
| Pension plan accruals and contributions | $56,908 |
| Other employee benefits | $49,229 |
| Payroll taxes | $40,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,930 |
| Fees for services: Accounting | $54,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,933 |
| Fees for services: Other | $10,200 |
| Advertising and promotion | $2,785 |
| Office expenses | $19,744 |
| Information technology | $54,985 |
| Royalties | $0 |
| Occupancy | $107,389 |
| Travel | $19,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,082 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,187 |
| Insurance | $5,426 |
| All other expenses | $59,261 |
| Total functional expenses | $2,601,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,457 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,191,508 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $247,844 |
| Net Land, buildings, and equipment | $24,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $58,928,645 |
| Investments—program-related | $26,114,146 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,455,417 |
| Accounts payable and accrued expenses | $715,520 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $57,494,032 |
| 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 | $21,405,041 |
| Total liabilities | $79,614,593 |
| Net assets without donor restrictions | $5,734,041 |
| Net assets with donor restrictions | $20,106,783 |
| 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 | $105,455,417 |
Grants Awarded
Over the last fiscal year, United Methodist Foundation Of Indiana Inc has awarded $404,757 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
LIGONIER UMC | | | $5,050 |
TRINITY UMC PURPOSE: HVAC upgrade | $5,050 |
MOUNT PLEASANT UMC PURPOSE: Upgrade check-in area | $5,100 |
BRIGHTWOOD COMMUNITY CENTER PURPOSE: Poverty Alleviation | $22,823 |
ORLEANS UMC PURPOSE: General Needs | $9,489 |
GREENWOOD UMC PURPOSE: Youth & Missions Support | $30,244 |