Kansas Area United Methodist Foundation Inc
- Assets
- $76.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Hutchinson, KS
- Founding
- 09/1964
- Data as of
- 12/2021
- EIN
- 48-0697195
Organization Overview
Kansas Area United Methodist Foundation Inc is located in Hutchinson, KS. The organization was established in 1964. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Kansas Area United Methodist Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Area United Methodist 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, Kansas Area United Methodist Foundation Inc generated $1.8m 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 (6.3%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kansas Area United Methodist Foundation Inc has awarded 271 individual grants totaling $5,803,824. 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
RECEIVE GIFTS, BEQUESTS AND DONATIONS TO BE HELD IN TRUST TO INVEST AND ADMINISTER FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL USE TO MAINTAIN AND FURTHER THE PROGRAMS AND MISSIONS OF THE UNITED METHODIST CHURCH AND CHURCHES RELATED TO THE METHODIST MOVEMENT AND TO ACCEPT GIFTS THAT PROVIDE BENEFITS TO OTHER NOT-FOR-PROFIT, TAX EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT ADMINISTRATION AND DISTRIBUTION OF FUNDS FROM METHODIST CHURCHES AND INSTITUTIONS RELATED TO THE METHODIST MOVEMENT WITHIN THE GREAT PLAINS CONFERENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Petz President | Officer | 40 | $120,360 |
Gloria Markus Director Of Finance | Officer | 40 | $60,000 |
Tyler Curtis Chief Development Officer | Officer | 40 | $35,416 |
Sarah Diamond Former Director Of Legacy Giving | Officer | 40 | $25,318 |
Rev Gary Beach Chairperson | OfficerTrustee | 1 | $0 |
Keith Geist Secretary | OfficerTrustee | 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 | $694,176 |
| Noncash contributions included in lines 1a–1f | $131,358 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $694,176 |
| Total Program Service Revenue | $244,025 |
| Investment income | $476,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $395,008 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,809,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,084,996 |
| 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. | $241,094 |
| Compensation of current officers, directors, key employees. | $84,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,948 |
| Pension plan accruals and contributions | $18,298 |
| Other employee benefits | $33,806 |
| Payroll taxes | $21,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,305 |
| Advertising and promotion | $0 |
| Office expenses | $84,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $49,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,052 |
| Insurance | $8,191 |
| All other expenses | $9,201 |
| Total functional expenses | $1,780,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,546,603 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $184,854 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,838 |
| Investments—publicly traded securities | $73,373,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,803 |
| Total assets | $76,189,841 |
| Accounts payable and accrued expenses | $35,368 |
| 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 | $4,568,135 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,664,655 |
| Total liabilities | $50,268,158 |
| Net assets without donor restrictions | $2,944,058 |
| Net assets with donor restrictions | $22,977,625 |
| 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 | $76,189,841 |
Grants Awarded
Over the last fiscal year, Kansas Area United Methodist Foundation Inc has awarded $899,675 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
WICHITA FIRST UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $130,161 |
Wichita, KS PURPOSE: HOUSING DEVELOPMENT | $90,000 |
Newton, KS PURPOSE: RESIDENTIAL TREATMENT | $83,903 |
Winfield, KS PURPOSE: GENERAL SUPPORT | $53,195 |
Arlington, VA PURPOSE: ENVIRONMENTAL PROTECTION | $50,974 |
ST PAUL'S UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $40,077 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kansas Area United Methodist Foundation Inc has recieved totaling $16,694.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Wichita Community Foundation Wichita, KS PURPOSE: ENDOWED FUND | $6,694 |
Endowment Analysis
| Beg. Balance | $21,794,547 |
| Earnings | $2,491,063 |
| Net Contributions | $602,567 |
| Grants | $35,111 |
| Ending Balance | $24,853,066 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Good Shepherd Lutheran Community Blair, NE | $4,394,791 | $5,136,170 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |
Biblical Education By Extension Inc Colorado Springs, CO | $2,298,554 | $3,974,117 |
Stephen Ministries Saint Louis, MO | $26,023,958 | $5,602,999 |
Crossfire Ministries Inc Colorado Springs, CO | $6,360,133 | $4,375,955 |
Nebraska Lutheran Outdoor Ministries Inc Ashland, NE | $11,165,008 | $3,788,912 |
What Matters Ministries And Missions Colorado Springs, CO | $564,276 | $3,431,281 |