Womans Missionary Union Foundation
- Assets
- $51.3m
- Revenue
- $5.1m
- Investments
- $1.1m
- Employees
- 9
- Location
- Birmingham, AL
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 63-1138772
Organization Overview
Womans Missionary Union Foundation is located in Birmingham, AL. The organization was established in 1995. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Womans Missionary Union Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womans Missionary Union 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, Womans Missionary Union Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Womans Missionary Union Foundation has awarded 202 individual grants totaling $9,046,749. 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
THE WOMAN'S MISSIONARY UNION FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF MOTIVATING AND FACILITATING THE MAKING OF GIFTS, DONATIONS, AND BENEFACTIONS FOR THE ADVANCEMENT, PROMOTION AND MAINTENANCE OF WOMAN'S MISSIONARY UNION AND THE VARIOUS CAUSES FOSTERED, APPROVED, ENDORSED, PROMOTED OR OFFICIALLY SANCTIONED BY WMU AND THE RELATED STATE WMU ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO, MISSIONS EDUCATION AND ANY OTHER PURPOSES WITHIN THE SCOPE OF THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES APPROXIMATELY 122 SEPARATE FUNDS, ENDOWMENTS TOTALING OVER $21.2 MILLION, USED STRICTLY FOR THEIR EXEMPT PURPOSE. THE FOUNDATION ALSO SERVES AS THE INVESTMENT MANAGER FOR 24 RELIGIOUS ORGANIZATIONS WITH ASSETS OF $23 MILLION UNDER MANAGEMENT. GRANTS IN EXCESS OF $3.8 MILLION WERE PAID OUT DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Berquist Board Of Trustees | Trustee | 2 | $0 |
Robert Cardinal Board Of Trustees | Trustee | 2 | $0 |
Collins Compere Board Of Trustees | Trustee | 2 | $0 |
Cheryl Hatfield Board Of Trustees | Trustee | 2 | $0 |
Allison Turner Board Of Trustees | Trustee | 2 | $0 |
Robin Wise Board Of Trustees | Trustee | 2 | $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 | $3,347,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,347,489 |
| Total Program Service Revenue | $0 |
| Investment income | $738,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $560,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,052,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,568,484 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,315,562 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,591 |
| Compensation of current officers, directors, key employees. | $75,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,254 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,643 |
| Advertising and promotion | $47,854 |
| Office expenses | $19,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,789 |
| Travel | $26,953 |
| 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 | $0 |
| Insurance | $4,580 |
| All other expenses | $0 |
| Total functional expenses | $4,502,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,198 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,208 |
| Net Land, buildings, and equipment | $20,267 |
| Investments—publicly traded securities | $26,006,596 |
| Investments—other securities | $1,109,252 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,981,390 |
| Total assets | $51,272,265 |
| Accounts payable and accrued expenses | $26,740 |
| Grants payable | $1,295,453 |
| 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 | $24,474,468 |
| Total liabilities | $25,796,661 |
| Net assets without donor restrictions | $873,819 |
| Net assets with donor restrictions | $24,601,785 |
| 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 | $51,272,265 |
Grants Awarded
Over the last fiscal year, Womans Missionary Union Foundation has awarded $1,403,677 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS WOMAN'S MISSIONARY UNION PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $9,441 |
ALABAMA WOMAN'S MISSIONARY UNION PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $8,652 |
BLUE MOUNTAIN COLLEGE PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $14,789 |
CALIFORNIA BAPTIST UNIVERSITY PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $11,526 |
CAMPBELLSVILLE UNIVERSITY PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $6,673 |
DAKOTA BAPTIST CONVENTION PURPOSE: GENERAL SUPPORT FOR RELIGIOUS EDUCATION & MINISTRIES | $0 |