Union Methodist Church Operating Tresurer
- Assets
- $1.7m
- Revenue
- $312.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Bear, DE
- Founding
- 10/1974
- Data as of
- 12/2022
- EIN
- 51-0064333
Organization Overview
Union Methodist Church Operating Tresurer is located in Bear, DE. The organization was established in 1974. 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, Union Methodist Church Operating Tresurer employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Union Methodist Church Operating Tresurer is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIGIOUS BENEFITS TO THE COMMUNITY
Describe the Organization's Program Activity:
PROVIDE RELIGIOUS BENEFITS TO THE COMMUNITY AND MEMBERS OF THE CHURCH.
PROVIDE
PROVIDE FUNDS THROUGH THE BENEVOLENCE FUND FOR NEEDY PARISH MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Anderson Director | Trustee | $0 | |
Mark Fowser Director | Trustee | $0 | |
Dean Garvine Trustee VP | OfficerTrustee | $0 | |
Zane Gordy Director | Trustee | $0 | |
Debi Gracey Director | Trustee | $0 | |
Kevin Green Director | Trustee | $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 | $165,096 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,096 |
| Total Program Service Revenue | $0 |
| Investment income | $147,615 |
| 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 | $312,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,851 |
| Advertising and promotion | $446 |
| Office expenses | $3,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,883 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,684 |
| Interest | $38,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,877 |
| Insurance | $8,623 |
| All other expenses | $0 |
| Total functional expenses | $231,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,082 |
| Savings and temporary cash investments | $192,888 |
| 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 | $1,424,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,671,259 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $597,309 |
| Other liabilities | $2,141 |
| Total liabilities | $599,450 |
| Net assets without donor restrictions | $1,029,355 |
| Net assets with donor restrictions | $42,454 |
| 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 | $1,671,259 |