Woodlands Methodist Church Foundation Inc

Organization Overview

Woodlands Methodist Church Foundation Inc is located in The Woodlands, TX. The organization was established in 1974. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Woodlands Methodist Church Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodlands Methodist Church 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, Woodlands Methodist Church Foundation Inc generated $686.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $201.3k during the year ending 12/2022. While expenses have increased by 7.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO EXPAND THE MINISTRY OUTREACH OF THE WOODLANDS METHODIST CHURCH AND SAFEGUARD ITS FUTURE THROUGH CHARITABLE GIFTS THAT PROVIDE LONG-TERM FINANCIAL SUPPORT AND A LIVING MEMORIAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2022, THE FOUNDATION'S GENERAL AND RESTRICTED FUNDS PROVIDED NUMEROUS GRANTS WHICH INCLUDED SCHOLARSHIPS TO SEMINARY STUDENTS AND FUNDING FOR A DAILY DEVOTIONAL OUTREACH PROGRAM. ADDITIONALLY, FUNDS WERE GRANTED FOR VARIOUS INITIATIVES OF THE WOODLANDS METHODIST CHURCH INCLUDING: THE SOCIETY OF ST. STEPHEN BENEVOLENCE PROGRAM THAT PROVIDES ASSISTANCE TO RESIDENTS OF SOUTH MONTGOMERY COUNTY, SCHOLARSHIPS FOR THE CHURCH'S SCHOOL PROGRAM, FUNDING FOR NEXT GENERATION LEADERS MINISTRY EVENT, AS WELL AS DEBT RETIREMENT FOR PRIOR PROJECTS.


THE WOODLANDS METHODIST CHURCH FOUNDATION OPERATES GRACE GARDENS COLUMBARIUM ON THE PROPERTY OF THE WOODLANDS METHODIST CHURCH FOR THE BENEFIT OF THE CHURCH'S MEMBERS. REVENUE DURING 2023 INCLUDED THE SALE OF 20 NICHES.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Sorensen
Director
$0
Danielle Johnson
Treasurer
$0
Ed Robb
Director
$0
Angela Branch
Vice-Chair
$0
Drew Essen
Vice-Chair
$0
Shelley Guthrie
Secretary
$7,332

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$384,519
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$384,519
Total Program Service Revenue$118,810
Investment income $103,976
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $79,410
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $686,715

Grants Awarded

Over the last fiscal year, Woodlands Methodist Church Foundation Inc has awarded $64,043 in support to 2 organizations.

Grant RecipientAmount

THE WOODLANDS METHODIST CHURCH

PURPOSE: SEE PART IV

$39,043

SEEDBED INC

PURPOSE: SEE PART IV

$25,000
View Grant Profile

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