Nebraska United Methodist Foundation
- Assets
- $56.7m
- Revenue
- $985.4k
- Investments
- $5.5k
- Employees
- 4
- Location
- Lincoln, NE
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 47-0844886
Organization Overview
Nebraska United Methodist Foundation is located in Lincoln, NE. The organization was established in 2013. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Nebraska United Methodist Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska United Methodist 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 12/2023, Nebraska United Methodist Foundation generated $985.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nebraska United Methodist Foundation has awarded 55 individual grants totaling $972,596. 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
TO SUPPORT THE WORK OF THE UNITED METHODIST CHURCH IN THE STATE OF NEBRASKA AND INSTITUTIONS, ORGANIZATIONS, AND PROJECTS RELATED TO THE UNITED METHODIST CHURCH WITHIN THE STATE OF NEBRASKA FOR THE GLORIFICATION OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE WORK OF THE UNITED METHODIST CHURCH IN THE STATE OF NEBRASKA BY MANAGING APPROXIMATELY 659 FUNDS FOR DONORS, CHURCHES, AND AFFILIATED ORGANIZATIONS AND DISTRIBUTING FUNDS IN ACCORDANCE WITH DONOR AND AGENCY AGREEMENTS. SUPPORTING FUNDRAISING EFFORTS BY OFFERING PLANNED GIVING SUPPORT AND ASSISTING CHURCHES AND RELATED ORGANIZATIONS WITH CAPITAL CAMPAIGNS AND OTHER FUNDRAISING PROJECTS THROUGHOUT NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Gangwish Director | Trustee | 1 | $0 |
Tom Kell Vice-Chair | OfficerTrustee | 1 | $0 |
Rev Michael Evans Secretary | OfficerTrustee | 1 | $0 |
Rev Cindi Stewart Director | Trustee | 1 | $0 |
Lisa Maupin Director | Trustee | 1 | $0 |
Jeff Hart 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 | $185,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,402 |
| Total Program Service Revenue | $447,489 |
| Investment income | $402,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,428 |
| Net Gain/Loss on Asset Sales | -$85,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $985,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $331,656 |
| Grants and other assistance to domestic individuals. | $54,789 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,650 |
| Compensation of current officers, directors, key employees. | $44,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,225 |
| Pension plan accruals and contributions | $8,083 |
| Other employee benefits | $20,100 |
| Payroll taxes | $22,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,655 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,957 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,534 |
| Information technology | $41,276 |
| Royalties | $0 |
| Occupancy | $50,169 |
| Travel | $9,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,748 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,033 |
| Insurance | $10,893 |
| All other expenses | $0 |
| Total functional expenses | $1,132,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,588,955 |
| 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 | $1,165,927 |
| Investments—publicly traded securities | $51,059,632 |
| Investments—other securities | $5,527 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $929,118 |
| Total assets | $56,749,159 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $40,306,126 |
| 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 | $362,047 |
| Total liabilities | $40,668,173 |
| Net assets without donor restrictions | $4,782,802 |
| Net assets with donor restrictions | $11,298,184 |
| 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 | $56,749,159 |
Grants Awarded
Over the last fiscal year, Nebraska United Methodist Foundation has awarded $52,627 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OMAHA HANSCOM PARK UMC PURPOSE: GREATEST NEEDS | $20,000 |
BRADY UMC PURPOSE: CONGREGATIONAL WORSHIP | $9,829 |
CAMP FONTANELLE PURPOSE: SUMMER & OUTREACH MINISTRY | $5,298 |
AURORA UMC PURPOSE: FAMILY MINISTRIES | $10,000 |
LINCOLN CHRIST UMCLOAVES & FISHES PURPOSE: CP COMMUNITY KITCHEN | $7,500 |