South Carolina United Methodist Foundation
- Assets
- $27.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Columbia, SC
- Founding
- 09/1979
- Data as of
- 06/2023
- EIN
- 57-0687517
Organization Overview
South Carolina United Methodist Foundation is located in Columbia, SC. The organization was established in 1979. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, South Carolina United Methodist Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina 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 06/2023, South Carolina United Methodist Foundation generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $752.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, South Carolina United Methodist Foundation has awarded 67 individual grants totaling $1,442,845. 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
PROVIDE ENDOWMENT FOR UNITED METHODIST INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ENDOWMENT FOR SEVEN UNITED METHODIST AFFILIATED INSTITUTIONS.
PROVIDING SUPPORT TO UNITED METHODIST AFFILIATED INSTITUTIONS, ORGANIZATIONS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Reverend Michael E Bowers Director | Trustee | 1 | $0 |
Mrs Mary Ann S Crews Director | Trustee | 1 | $0 |
The Reverend Eugene L Curry Director | Trustee | 1 | $0 |
The Reverend Dr Robin Dease Director | Trustee | 1 | $0 |
Mr James C Hardin III Secretary | OfficerTrustee | 1 | $0 |
Dr Joseph E Heyward 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 | $241,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,795 |
| Total Program Service Revenue | $49,425 |
| Investment income | $847,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$109,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,029,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $443,457 |
| Grants and other assistance to domestic individuals. | $50,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,811 |
| Compensation of current officers, directors, key employees. | $145,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $998 |
| Office expenses | $8,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,183 |
| Travel | $2,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126 |
| Insurance | $0 |
| All other expenses | $13,433 |
| Total functional expenses | $752,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,615,312 |
| Pledges and grants receivable | $97,321 |
| 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 | $22,628 |
| Investments—publicly traded securities | $25,502,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $539,358 |
| Total assets | $27,776,796 |
| Accounts payable and accrued expenses | $774,233 |
| 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 | $0 |
| Other liabilities | $9,221,432 |
| Total liabilities | $9,995,665 |
| Net assets without donor restrictions | $387,299 |
| Net assets with donor restrictions | $17,393,832 |
| 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 | $27,776,796 |
Grants Awarded
Over the last fiscal year, South Carolina United Methodist Foundation has awarded $382,400 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CLAFLIN UNIVERSITY PURPOSE: SUPPORT | $41,342 |
COLUMBIA COLLEGE PURPOSE: SUPPORT | $42,882 |
EPWORTH CHILDRENS HOMEEPWORTH CHILDRENS HOME PURPOSE: SUPPORT | $52,205 |
FIRST UNITED METHODIST CHURCH PURPOSE: SUPPORT | $12,000 |
INDIA HOOK UNITED METHODIST CHURCH PURPOSE: SUPPORT | $6,948 |
LATIMER MEMORIAL UMC PURPOSE: SUPPORT | $6,308 |