The Methodist Foundation Of Ohio Incorporated

Organization Overview

The Methodist Foundation Of Ohio Incorporated is located in North Canton, OH. The organization was established in 1968. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Methodist Foundation Of Ohio Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Foundation Of Ohio Incorporated 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, Methodist Foundation Of Ohio Incorporated generated $523.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $428.0k during the year ending 12/2021. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AND SUPPORT THE EAST OHIO ANNUAL CONFERENCE, ITS INDIVIDUAL MEMBERS, CONGREGATIONS AND OTHER ENTITIES BY PROVIDING SUCH AID AS SCHOLARSHIP AND GRANTS TO SPECIAL MISSION PROJECTS AND IDENTIFYING UNIQUE MISSIONS BY PROVIDING INVESTMENT MANAGEMENT AND OTHER LONG-TERM INVESTMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE METHODIST FOUNDATION OF OHIO SUPPORTS THE EAST OHO ANNUAL CONFERENCE, ITS CHURCHES AND MISSIONS IN A NUMBER OF WAYS. OUR SUPPORT OF YOUNG CLERGY IN THE CONFERENCE INCLUDES OUR FIREBRAND SCHOLARSHIP, WHICH NOT ONLY PAYS FULL TUITION FOR THE FUTURE PASTOR, BUT ALSO RETIRES UNDERGRADUATE DEBT. OUR YOUNG CLERGY TRAINING EVENTS BRING TOP-LEVEL PROFESSIONAL EDUCATION DURING A CRITICAL TIME IN CAREERS OF PASTORS AGE 35 OR YOUNGER. THE FOUNDATION ALSO SUPPORTS FEEDING / HUNGER PROGRAMS, UNDERGRADUATE SCHOLARSHIPS TO UNITED METHODIST STUDENTS AND OTHER MISSION PROJECTS TO STRENGTHEN LOCAL CHURCHES REACH TO THEIR COMMUNITIES.


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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$11,903
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,903
Total Program Service Revenue$447,114
Investment income $64,122
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 $523,139

Endowment Analysis

Beg. Balance$4,123,834
Earnings$239,681
Admin Expense$304,351
Net Contributions$523,139
Grants$123,677
Ending Balance$4,458,626

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