St Pauls Methodist Foundation Of Houston
- Assets
- $29.2m
- Revenue
- $3.3m
- Investments
- $33.8k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 74-6062254
Organization Overview
St Pauls Methodist Foundation Of Houston is located in Houston, TX. The organization was established in 2008. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Pauls Methodist Foundation Of Houston 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 12/2021, St Pauls Methodist Foundation Of Houston generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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 2014, St Pauls Methodist Foundation Of Houston has awarded 29 individual grants totaling $4,653,664. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF ST. PAUL'S UNITED METHODIST CHURCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO ST. PAUL'S UNITED METHODIST CHURCH, HOUSTON
SCHOLARSHIP GRANTS
MISSIONS, PASTORAL CARE, SENIOR CITIZENS, LECTURESHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Wells Director / Vice Chair | OfficerTrustee | 1 | $0 |
Laura Menges Morris Director / Secretary | OfficerTrustee | 1 | $0 |
Andrew Roff Director / Chair | OfficerTrustee | 2 | $0 |
Elizabeth B Wiggins Lifetime Director/treasurer | OfficerTrustee | 3 | $0 |
David Vassar Director | Trustee | 1 | $0 |
Camille Cunningham 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 | $671,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $671,300 |
| Total Program Service Revenue | $0 |
| Investment income | $1,835,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $795,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,302,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $833,237 |
| Grants and other assistance to domestic individuals. | $132,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,982 |
| Information technology | $5,843 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,358 |
| All other expenses | $0 |
| Total functional expenses | $1,070,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $413,422 |
| Pledges and grants receivable | $15,000 |
| 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 | $0 |
| Investments—publicly traded securities | $28,737,978 |
| Investments—other securities | $33,778 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,200,178 |
| Accounts payable and accrued expenses | $6,530 |
| 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 | $0 |
| Total liabilities | $6,530 |
| Net assets without donor restrictions | $495,474 |
| Net assets with donor restrictions | $28,698,174 |
| 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 | $29,200,178 |
Grants Awarded
Over the last fiscal year, St Pauls Methodist Foundation Of Houston has awarded $762,057 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST PAULS UNITED METHODIST CHURCH PURPOSE: The Foundation granted $660,000 to the Church for support of the facilities and ministries of the Church. The amount is based on 4.75% of the fair market value of the average of three years total assets, reduced by budget items. The Choral Scholars music fund disbursed $3600 to the Church. The Capital Replacement Fund was increased by a calculated amount of $21,282. The Building Fund was increased by half of funds raised for Cornerstone $7825. | $692,707 |
Houston, TX PURPOSE: SEARCH Homeless Services complements and partners with shelters and other agencies to fill the gaps for individuals struggling to change their lives. Going beyond services that address basic needs, SEARCH works to end the homeless experience. | $20,000 |
Nashville, TN PURPOSE: Grant to General Board of Global Missions: Luz de Vida Church in Bolivia. Luz de Vida Church was started by Emmanuel Iglesia Metodista. It is on the other side of Cochabamba in a less affluent area. During 2022 this grant was wired directly to Luz de Vida by St. Paul's United Methodist Church. | $12,750 |
Houston, TX PURPOSE: Iconoclast Artists is a growing community of young artists that provides unique support and encouragement for hundreds of under-served students within high schools, middle schools, and juvenile detention centers. Classroom instruction is given in creative writing and expression. | $10,000 |
Houston, TX PURPOSE: The Emergency Aid Coalition (EAC) provides temporary assistance in the form of food, clothing, and other basic needs, with an emphasis on assisting the working poor and homeless. During the pandemic, the EAC expanded their operations with help from donors. Some of these donations were delivered to the EAC by Amazon and other vendors. Sacks of food were provided to anyone who asked. The Church is one of several institutions who partner with the EAC. | $10,000 |
TEXAS ANNUAL CONFERENCECENTRAL SOUTH DISTRICT PURPOSE: The Central South District had a program for helping with diversity in its many churches. The Foundation gave the grant that was given to other churches. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Pauls Methodist Foundation Of Houston has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Irene Cafcalas Hofheinz Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $26,961,852 |
| Earnings | $2,631,366 |
| Admin Expense | $105,583 |
| Net Contributions | $671,300 |
| Grants | $965,287 |
| Ending Balance | $29,193,648 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John G & Marie Stella Kenedy Memorial Foundation Corpus Christi, TX | $364,888,417 | $75,089,891 |
Gods Healthy Place Inc Fort Worth, TX | $0 | $0 |
First Methodist Church Of Fort Worth Foundation Inc Fort Worth, TX | $97,113,260 | $7,597,400 |
Mary R Gallaspy Charitable Trust No One Monroe, LA | $16,837,410 | $596,346 |
Catholic Foundation Of Oklahoma Inc Oklahoma City, OK | $82,819,268 | $6,647,191 |
Park Cities Presbyterian Church Foundation Dallas, TX | $2,207,492 | $1,215,742 |
Your Harvest House Burleson, TX | $1,051,962 | $1,972,586 |
Bethlehem Bible Co Inc New Braunfels, TX | $672,488 | $1,302,204 |
Sja Foundation Baton Rouge, LA | $11,583,947 | $2,001,512 |
St Pauls Methodist Foundation Of Houston Houston, TX | $29,200,178 | $3,302,666 |
Sacred Arts Foundation Cedar Crest, NM | $282,030 | $988,067 |
Endowment Foundation First United Presbyterian Church Albuquerque Albuquerque, NM | $14,946,986 | -$140,979 |