Permanent Endowment Fund Of The Moody Memorial First United Method

Organization Overview

Permanent Endowment Fund Of The Moody Memorial First United Method is located in Galveston, TX. The organization was established in 2001. 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, Permanent Endowment Fund Of The Moody Memorial First United Method employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permanent Endowment Fund Of The Moody Memorial First United Method 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, Permanent Endowment Fund Of The Moody Memorial First United Method generated $12.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Permanent Endowment Fund Of The Moody Memorial First United Method has awarded 240 individual grants totaling $23,072,431. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCING THE CARE OF PEOPLE IN THE NAME AND SPIRIT OF JESUS CHRIST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PERMANENT ENDOWMENT FUND OF THE MOODY MEMORIAL FIRST METHODIST CHURCH (PEF) AIDS IN THE RELIGIOUS, CHARITABLE, EDUCATIONAL, AND MISSIONAL PURPOSES OF THE MOODY METHODIST CHURCH AND THE UNITED METHODIST CHURCH.


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Board, Officers & Key Employees

Name (title)Compensation
Kimblyn N Raschke
Chair
$0
Jay Sims
Secretary
$0
Roland Louis Bassett
Director
$0
Gail Ayers Cantini
Director
$0
Carolyn Cox
Director
$0
Matthew Hay
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bracewell Llp
Attorney
$106,631
Randy Thompsonjw Cole
Investment Management
$113,700
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$8,234,285
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,234,285
Total Program Service Revenue$0
Investment income $2,493,817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,835,082
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,563,184

Grants Awarded

Over the last fiscal year, Permanent Endowment Fund Of The Moody Memorial First United Method has awarded $8,905,210 in support to 94 organizations.

Grant RecipientAmount

MEADOWS MENTAL HEALTH POLICY INSTITUTE

PURPOSE: Self-Reliance & Resiliency Services

$87,500

VISION GALVESTON

PURPOSE: Essential Needs

$25,000

ADA WOMEN'S CENTER

PURPOSE: Crisis Support Services

$60,000

ADVOCACY CENTER FOR CHILDREN OF GALVESTON COUNTY

PURPOSE: Crisis Support Services

$25,000

AVDA

PURPOSE: Crisis Support Services

$25,000

RESOLVE IT INC

PURPOSE: Crisis Support Services

$22,500
View Grant Profile

Peer Organizations

Organization NameAssets
Presbyterian Village Inc
Little Rock, AR
$10,094,022
Usatransform
Southlake, TX
$11,811,113
Permanent Endowment Fund Of The Moody Memorial First United Method
Galveston, TX
$12,563,184
New Orleans Mission Inc
New Orleans, LA
$10,564,471
Impact Productions Inc
Tulsa, OK
$9,854,343
Village At Gleannloch Farms Inc
Austin, TX
$0
City Of Faith Prison Ministries
Monroe, LA
$8,830,801
Reaching Souls International Inc
Oklahoma City, OK
$9,296,165
Abundant Rain Ministries Inc
Coweta, OK
$6,024,746
Powerpoint Ministries
Plano, TX
$7,961,872
La Promesa Foundation
Midland, TX
$5,314,206
Greater St Stephen Ministries
New Orleans, LA
$4,835,716
Hutchcraft Ministries Inc
Harrison, AR
$6,205,701
The Center For Mission Mobilization
Fayetteville, AR
$4,759,070
Presbyterian Properties Inc
Albuquerque, NM
$4,295,857
Destined To Win Family Outreach Ministries Inc
Bryant, AR
$5,238,079
One For Israel
Colleyville, TX
$2,679,837
Camp Copass
Denton, TX
$4,619,713
Hunt County Shared Ministries Inc
Greenville, TX
$4,007,107
Christs Haven For Children
Keller, TX
$4,034,556
International Commission Inc
Lewisville, TX
$3,482,491
Highland Lakes Baptist Encampment Inc
Spicewood, TX
$3,638,748
The Methodist Foundation For Arkansas
Little Rock, AR
$6,030,554
Lamb And Lion Ministries Inc
McKinney, TX
$3,019,257
Terry Law Ministries Inc
Tulsa, OK
$2,211,266

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