United Methodist Foundation Of La
- Assets
- $48.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Baton Rouge, LA
- Founding
- Data as of
- 12/2023
- EIN
- 72-0779104
Organization Overview
United Methodist Foundation Of La is located in Baton Rouge, LA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, United Methodist Foundation Of LA employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Foundation Of LA 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, United Methodist Foundation Of LA generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, United Methodist Foundation Of LA has awarded 21 individual grants totaling $2,190,082. 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
SUPPORT THE MINISTRIES OF THE METHODIST CHURCH THROUGH PLANNED GIVING SERVICES - TRUSTS AND ENDOWMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACT AS TRUSTEE FOR ENDOWMENTS AND PLANNED GIFTS THAT BENEFIT METHODIST MINISTRIES IN THE STATE OF LOUISIANA. WE DISTRIBUTED 2,735,835 IN INCOME EARNED ON ENDOWMENTS DURING 2023. WE ALSO MAINTAIN DONOR ADVISED FUNDS THAT PROVIDED PROGRAM SUPPORT GRANTS OF 228,350 TO METHODIST MINISTRIES IN 2023. AN ADDITIONAL 80,650 IN GRANTS WERE MADE FROM DONOR ADVISED FUNDS TO SUPPORT LOCAL NON-PROFITS IN 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Spencer President | OfficerTrustee | 40 | $193,622 |
Tracie Wharton Controller | OfficerTrustee | 40 | $146,448 |
Robert Fahey Chair | Trustee | 2 | $0 |
Rev Joann Cooper Vice Chair | Trustee | 1 | $0 |
Sandra Kuykendall Secretary | Trustee | 1 | $0 |
Omer Davis Treasurer | 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 | $3,294,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,294,227 |
| Total Program Service Revenue | $1,098,101 |
| Investment income | $781,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $631,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,805,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $733,484 |
| 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. | $340,070 |
| Compensation of current officers, directors, key employees. | $340,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,537 |
| Pension plan accruals and contributions | $62,775 |
| Other employee benefits | $36,558 |
| Payroll taxes | $49,932 |
| Fees for services: Management | $1,061 |
| Fees for services: Legal | $1,677 |
| Fees for services: Accounting | $17,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,409 |
| Office expenses | $102,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,714 |
| Insurance | $28,955 |
| All other expenses | $6,707 |
| Total functional expenses | $4,542,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $782,577 |
| Savings and temporary cash investments | $0 |
| 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 | $5,249,611 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,857 |
| Net Land, buildings, and equipment | $34,614 |
| Investments—publicly traded securities | $41,977,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $482,649 |
| Total assets | $48,536,375 |
| Accounts payable and accrued expenses | $21,830 |
| 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 | $2,394,129 |
| Total liabilities | $2,415,959 |
| Net assets without donor restrictions | $8,894,034 |
| Net assets with donor restrictions | $37,226,382 |
| 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 | $48,536,375 |
Grants Awarded
Over the last fiscal year, United Methodist Foundation Of La has awarded $681,632 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
LOUISIANA CONFERENCE OF THE UNITED METHODIST CHURCH PURPOSE: Program Support | $583,632 |
THE WELL COMMUNITY CHURCH PURPOSE: Program Support | $20,000 |
YMCA OR NORTHWEST LA PURPOSE: Program Support | $10,000 |
LIVING WATERS GMC PURPOSE: Program Support | $10,000 |
NORTH RAMPART COMMUNITY CENTER PURPOSE: Program Support | $5,000 |
BRIGHTON ACADEMY BATON ROUGE PURPOSE: Program Support | $5,000 |