Woodlands United Methodist Church Foundation Inc
- Assets
- $5.0m
- Revenue
- $764.2k
- Investments
- $0.0
- Employees
- 2
- Location
- The Woodlands, TX
- Founding
- 10/1974
- Data as of
- 12/2020
- EIN
- 76-0661024
Organization Overview
Woodlands United 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 12/2020, Woodlands United Methodist Church Foundation Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Woodlands United 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 12/2020, Woodlands United Methodist Church Foundation Inc generated $764.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $333.3k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE MINISTRY OUTREACH OF THE WOODLANDS UNITED 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 2020, THE FOUNDATION'S GENERAL AND RESTRICTED FUNDS PROVIDED NUMEROUS GRANTS WHICH INCLUDED SCHOLARSHIPS TO SEMINARY STUDENTS, AS WELL AS FUNDING FOR VARIOUS INITIATIVES OF THE WOODLANDS UNITED METHODIST CHURCH INCLUDING: THE SOCIETY OF ST. STEPHEN BENEVOLENCE PROGRAM THAT PROVIDES ASSISTANCE TO RESIDENTS OF SOUTH MONTGOMERY COUNTY, THE ESTABLISHMENT OF THE SPECIAL NEEDS ANNEX WHICH SERVES THE SPECIAL NEEDS POPULATION OF THE LOCAL COMMUNITY AS WELL AS DEBT RETIREMENT FOR PRIOR PROJECTS. GRANTS TOTALED 221,685.
THE WOODLANDS UNITED METHODIST CHURCH FOUNDATION OPERATES GRACE GARDENS COLUMBARIUM ON THE PROPERTY OF THE WOODLANDS UNITED METHODIST CHURCH. DURING 2020, THE FOUNDATION COMPLETED CONSTRUCTION ON AN EXPANSION THAT ADDED 320 NICHES BRINGING THE TOTAL NUMBER OF NICHES TO 640. 86 NICHES WERE SOLD IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Guthrie Secretary | Officer | 4 | $4,160 |
Gary Laugharn Chairman/dir | OfficerTrustee | 1.5 | $0 |
Angela Branch Vice Chair | Officer | 0.5 | $0 |
Danielle Johnson Treasurer | Officer | 1 | $0 |
Vicki Richmond Director | Trustee | 0.2 | $0 |
Kim Bacon Director | Trustee | 0.2 | $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 | $73,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,796 |
| Total Program Service Revenue | $517,500 |
| Investment income | $95,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,144 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $764,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $219,185 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,160 |
| Compensation of current officers, directors, key employees. | $4,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,742 |
| Fees for services: Other | $37,623 |
| Advertising and promotion | $0 |
| Office expenses | $112 |
| 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 | $18,863 |
| Insurance | $0 |
| All other expenses | $5,014 |
| Total functional expenses | $333,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,633 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $719,712 |
| Investments—publicly traded securities | $4,262,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,036,021 |
| Accounts payable and accrued expenses | $31,375 |
| 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 | $31,375 |
| Net assets without donor restrictions | $939,059 |
| Net assets with donor restrictions | $4,065,587 |
| 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 | $5,036,021 |
Grants Awarded
Over the last fiscal year, Woodlands United Methodist Church Foundation Inc has awarded $86,053 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE WOODLANDS UNITED METHODISTCHURCH PURPOSE: BENEVOLENCE, MISSION | $51,053 |
The Woodlands, TX PURPOSE: CONFERENCE SPONSOR | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Woodlands United Methodist Church Foundation Inc has recieved totaling $1,767.
| Awarding Organization | Amount |
|---|---|
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $1,100 |
Shell Oil Company Foundation Houston, TX PURPOSE: MEF | $667 |
Endowment Analysis
| Beg. Balance | $4,228,681 |
| Earnings | $479,268 |
| Admin Expense | $6,576 |
| Net Contributions | $591,297 |
| Other Expense | $66,339 |
| Grants | $221,685 |
| Ending Balance | $5,004,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |