St Lukes Methodist Church Foundation Inc 3471 Westheimer Rd
- Assets
- $29.1m
- Revenue
- $2.1m
- Investments
- $37.0k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1964
- Data as of
- 12/2021
- EIN
- 74-6065646
Organization Overview
St Lukes Methodist Church Foundation Inc 3471 Westheimer Rd is located in Houston, TX. The organization was established in 1964. 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 Lukes Methodist Church Foundation Inc 3471 Westheimer Rd 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 Lukes Methodist Church Foundation Inc 3471 Westheimer Rd generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $630.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE MINISTRIES OF ST. LUKE'S UNITED METHODIST CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LUKE'S METHODIST CHURCH FOUNDATION PROVIDES GRANTS TO ST. LUKE'S UNITED METHODIST CHURCH FOR BENEVOLENT PURPOSES.
ST. LUKE'S METHODIST CHURCH FOUNDATION PROVIDES SCHOLARSHIPS FOR INDIVIDUALS TO ASSIST WITH THE COST OF HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Fisher Chair | OfficerTrustee | 2 | $0 |
Tom Pace III President/senior Pastor | Officer | 1 | $0 |
Caroline Cron Secretary/treasurer | Officer | 2 | $0 |
Jennifer Boubel Assistant Secretary/treasurer | Officer | 1 | $0 |
Frank Bayouth Director | Trustee | 0.25 | $0 |
Christie Amezquita Director | Trustee | 0.25 | $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 | $796,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $796,831 |
| Total Program Service Revenue | $0 |
| Investment income | $304,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $262,581 |
| Net Gain/Loss on Asset Sales | $778,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,142,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $501,800 |
| Grants and other assistance to domestic individuals. | $26,600 |
| 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 | $44,738 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,491 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $10,474 |
| All other expenses | $0 |
| Total functional expenses | $630,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044,426 |
| Savings and temporary cash investments | $8,553 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,463,259 |
| Investments—publicly traded securities | $12,523,130 |
| Investments—other securities | $37,045 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,000 |
| Total assets | $29,117,413 |
| Accounts payable and accrued expenses | $529,556 |
| 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 | $55,358 |
| Total liabilities | $584,914 |
| Net assets without donor restrictions | $12,326,662 |
| Net assets with donor restrictions | $16,205,837 |
| 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 | $29,117,413 |
Grants Awarded
Over the last fiscal year, St Lukes Methodist Church Foundation Inc 3471 Westheimer Rd has awarded $651,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST LUKE'S UNITED METHODIST CHURCH PURPOSE: OPERATIONAL SUPPPORT | $637,550 |
ST LUKE'S UNITED METHODIST CHURCH PURPOSE: SCHOLARSHIPS | $14,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that St Lukes Methodist Church Foundation Inc 3471 Westheimer Rd has recieved totaling $46,250.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $40,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,000 |
Endowment Analysis
| Beg. Balance | $14,965,890 |
| Earnings | $1,447,792 |
| Admin Expense | $150,904 |
| Net Contributions | $766,757 |
| Grants | $528,400 |
| Ending Balance | $16,501,135 |
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 |