The Oklahoma United Methodist Foundation Inc
- Assets
- $411.0m
- Revenue
- $5.2m
- Investments
- $353.6m
- Employees
- 15
- Location
- Oklahoma City, OK
- Founding
- 06/1963
- Data as of
- 12/2022
- EIN
- 73-0758119
Organization Overview
The Oklahoma United Methodist Foundation Inc is located in Oklahoma City, OK. The organization was established in 1963. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Oklahoma United Methodist Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma 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 12/2022, Oklahoma United Methodist Foundation Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 3 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 2020, Oklahoma United Methodist Foundation Inc has awarded 40 individual grants totaling $1,675,591. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, PROMOTE, EXTEND, AND MAINTAIN THE CHRISTIAN FAITH ACCORDING TO THE ESTABLISHED DOCTRINE AND WORSHIP OF THE UNITED METHODIST CHURCH IN THE STATE OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED $144,000 FUNDS TO THE OKLAHOMA UNITED METHODIST CIRCLE OF CARE, INC. TO SUPPORT FOSTER CARE MINISTRY AND PEARLS HOPE TRANSITIONAL LIVING PROGRAM FOR SINGLE MOTHERS. PEARLS HOPE PROVIDES FINANCIAL, EDUCATIONAL, AND FAMILIAL RESOURCES TO SECURE AND MAINTAIN HOUSING ON THEIR OWN. PEARLS HOPE SERVES WOMEN WHO ARE WORKING TO IMPROVE THEIR LIVES OR THE LIVES OF THEIR CHILDREN AFTER INTERVENTION BY THE OK DEPARTMENT OF HUMAN SERVICES. PROVIDED $75,000 TO LAUNCH PARENT TO PARENT PROGRAM TO GUIDE PARENTS THROUGHTHE CHILD WELFARE SYSTEM EMPOWERING PARENTS, RESTORING FAMILIES, AND TRANSFORMING GENERATIONS. PROVIDED $24,000 OF GENERAL SUPPORT FOR FOSTER CARE MINISTRY.
PROVIDED MBA SCHOLARSHIPS TO DAKOTA WESLEYAN UNIVERSITY FOR OKLAHOMA UNITED METHODIST PASTORS ALLOWING THEM TO CONTINUE THEIR MINISTRY CAREER WITHOUT THE BURDEN OF STUDENT LOAN DEBT.
PROVIDED SEMINARY SCHOLARSHIPS TO ASBURY THEOLOGICAL SEMINARY FOR FUTURE OKLAHOMA UNITED METHODIST PASTORS ALLOWING THEM TO BEGIN THEIR MINISTRY CAREER WITHOUT THE BURDEN OF STUDENT LOAN DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Junk President | Officer | 40 | $307,884 |
David Battles Executive Vice-President | Officer | 40 | $208,053 |
Billy Meade Controller & Treasurer | Officer | 40 | $208,753 |
Joseph Wiley Senior Advisor | 40 | $124,352 | |
Cynthia Jones Systems Developer | 40 | $112,826 | |
Alan Herndon Director Of Gift Planning | 40 | $117,073 |
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 | $648,945 |
| Noncash contributions included in lines 1a–1f | $150,779 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,945 |
| Total Program Service Revenue | $2,419,455 |
| Investment income | $1,858,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $239,810 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,065 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,185,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,744,091 |
| 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. | $727,281 |
| Compensation of current officers, directors, key employees. | $299,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $971,313 |
| Pension plan accruals and contributions | $137,887 |
| Other employee benefits | $344,554 |
| Payroll taxes | $101,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,400 |
| Fees for services: Accounting | $38,182 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110,914 |
| Office expenses | $27,458 |
| Information technology | $39,218 |
| Royalties | $0 |
| Occupancy | $97,566 |
| Travel | $70,149 |
| 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 | $93,125 |
| Insurance | $70,706 |
| All other expenses | $127,547 |
| Total functional expenses | $4,707,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,273,849 |
| 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 | $12,028,871 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,029,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $353,587,819 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,098 |
| Total assets | $410,959,651 |
| 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 | $0 |
| Other liabilities | $373,072,595 |
| Total liabilities | $373,072,595 |
| Net assets without donor restrictions | $23,422,837 |
| Net assets with donor restrictions | $14,464,219 |
| 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 | $410,959,651 |
Grants Awarded
Over the last fiscal year, The Oklahoma United Methodist Foundation Inc has awarded $694,015 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
OK UM CIRCLE OF CARE INC PURPOSE: FOSTER CARE AND TRANSITIONAL HOUSING | $243,000 |
ASBURY THEOLOGICAL SEMINARY PURPOSE: SEMINARY SCHOLARSHIPS | $77,638 |
OKLAHOMA CITY UNIVERSITY PURPOSE: CAPITAL CAMPAIGN | $10,000 |
SAINT PAUL SCHOOL OF THEOLOGY PURPOSE: SEMINARY SCHOLARSHIPS | $59,450 |
ASBURY UMC PURPOSE: SCHOLARSHIPS | $40,000 |
OKLAHOMA METHODIST CONFERENCE PURPOSE: SALARY SUPPORTEDUCATIONCAMPS | $46,493 |