Allegheny Wesleyan Methodist Stewardship Foundation Inc
- Assets
- $5.1m
- Revenue
- $172.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Salem, OH
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 34-1813463
Organization Overview
Allegheny Wesleyan Methodist Stewardship Foundation Inc is located in Salem, OH. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Allegheny Wesleyan Methodist Stewardship Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegheny Wesleyan Methodist Stewardship Foundation 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 12/2021, Allegheny Wesleyan Methodist Stewardship Foundation Inc generated $172.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $262.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allegheny Wesleyan Methodist Stewardship Foundation Inc has awarded 29 individual grants totaling $713,742. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PERSONS IN MAKING LASTING CONTRIBUTIONS TO THE INSTITUTIONS AND LOCAL CHURCHES OF THE ALLEGHENY WESLEYAN METHODIST CONNECTION AND, AS SUCH, IS DESIGNATED TO SERVE THE CONNECTION, IT'S RELATED INSTITUTIONS, AND LOCAL CHURCHES.
Describe the Organization's Program Activity:
SUPPORT MISSION OUTREACH AND CHURCH GROWTH PROGRAMS TO REACH THE LOST AND NEEDY.
ANNUITY PAYMENTS FROM GIFT ANNUITIES RECEIVED.
SUPPORTED CHRISTIAN DAY SCHOOLS AND WESLEYAN COLLEGE TO CONTINUE CHRISTIAN VALUE BASED EDUCATION.
THESE FUNDS ARE USED TO SUPPORT LOCAL CHURCHES AND DENOMINATIONAL INTERESTS PROMOTING CHRISTIAN HERITAGE AND WESLEYAN DOCTRINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Large President | OfficerTrustee | 15 | $12,740 |
Timothy Troyer Treasurer | OfficerTrustee | 8 | $6,620 |
David Blowers Vice-President | OfficerTrustee | 0.5 | $0 |
Joseph Smith Secretary | OfficerTrustee | 0.5 | $0 |
Bradley Forrider Director | Trustee | 0.25 | $0 |
Larry Brunk Director | Trustee | 0.25 | $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 | $5,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,509 |
| Total Program Service Revenue | $12,131 |
| Investment income | $190,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,283 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,180 |
| 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. | $19,360 |
| Compensation of current officers, directors, key employees. | $6,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,471 |
| Fees for services: Other | $0 |
| Advertising and promotion | $281 |
| Office expenses | $989 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,105 |
| All other expenses | $14,331 |
| Total functional expenses | $262,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $372,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,226,594 |
| Investments—other securities | $0 |
| Investments—program-related | $124,747 |
| Intangible assets | $0 |
| Other assets | $403,583 |
| Total assets | $5,127,368 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,451,513 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $15,000 |
| Other liabilities | $96,331 |
| Total liabilities | $1,562,844 |
| Net assets without donor restrictions | $3,096,012 |
| Net assets with donor restrictions | $468,512 |
| 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 | $5,127,368 |
Grants Awarded
Over the last fiscal year, Allegheny Wesleyan Methodist Stewardship Foundation Inc has awarded $185,635 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Salem, OH PURPOSE: MISSION OUTREACH | $60,807 |
Stoneboro, PA PURPOSE: CAPITAL IMPROVEMENTS | $49,828 |
Salem, OH PURPOSE: EDUCATION | $37,625 |
Salem, OH PURPOSE: OUTREACH | $17,150 |
PINELLAS PARK ALLEGHENY WESLEYAN METHODIST CHURCH PURPOSE: CAPITALL IMPROVEMENTS | $12,725 |
Titusville, PA PURPOSE: CAPITAL IMPROVEMENTS | $7,500 |
Endowment Analysis
| Beg. Balance | $592,646 |
| Earnings | -$10,052 |
| Admin Expense | $5,357 |
| Other Expense | $69,379 |
| Ending Balance | $507,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John E Fetzer Institute Inc Kalamazoo, MI | $713,343,604 | $26,097,700 |
Vista Maria Dearborn Heights, MI | $39,850,667 | $30,314,517 |
Catholic Social Servies Of The Miami Valley Dayton, OH | $13,505,933 | $26,545,650 |
Life Action Ministries Buchanan, MI | $13,761,466 | $20,860,658 |
The Lutheran Home At Kane Kane, PA | $8,299,845 | $10,193,303 |
Indianapolis Center For Congregations Inc Indianapolis, IN | $32,027,513 | $626,552 |
Keycorp Empl Beneficiary Assoc Tr For Post-Retirement Medical Bene Brooklyn, OH | $26,681,464 | $4,575,931 |
Little Sisters Of The Poor Of The City And County Of Philadelphia Philadelphia, PA | $10,759,268 | $7,956,134 |
International Service Fellowship Usa Upper Darby, PA | $20,365,794 | $7,523,822 |
Society Of St Vincent De Paul Central Council Of Pittsburgh Pittsburgh, PA | $5,352,791 | $6,782,578 |
Jubilee Ministries Lebanon, PA | $10,567,390 | $8,013,168 |
Kentucky Refugee Ministries Inc Louisville, KY | $2,230,731 | $5,977,380 |