Conference Claimants Endowment Bd California Ann Conf Methodist Ch

Organization Overview

Conference Claimants Endowment Bd California Ann Conf Methodist Ch is located in Stockton, CA. The organization was established in 1943. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 04/2022, Conference Claimants Endowment Bd California Ann Conf Methodist Ch employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conference Claimants Endowment Bd California Ann Conf Methodist Ch 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 04/2022, Conference Claimants Endowment Bd California Ann Conf Methodist Ch generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.0m during the year ending 04/2022. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF RETIRED METHODIST CLERGY

Describe the Organization's Program Activity:

PROVIDED $2,000,000 FOR THE SUPPORT OF RETIRED METHODIST MINISTERS BY GIFTING FUNDS TO THE BOARD OF PENSIONS OF THE CALIF-NEVADA ANNUAL CONFERENCE OF THE METHODIST CHURCH.


PROVIDED $106,000 TO SUPPORT AFFILIATED ORGANIZATIONS OF THE CALIF-NEVADA ANNUAL CONFERENCE OF THE METHODIST CHURCH FOR THE BENEFIT OF RETIRED METHODIST MINISTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Cory Parish
Executive Dir.
$408,592
Mark Ramorino
Treasurer
$112,593
Mary Popish
President
$0
Dave Bennett
Vice President
$0
Anne Choy
Trustee
$0
David Niu
Trustee
$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$186,148
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$186,148
Total Program Service Revenue$0
Investment income $175,181
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $9,807,013
Net Gain/Loss on Asset Sales $192,894
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,421,570

Endowment Analysis

Beg. Balance$1,716,092
Ending Balance$1,716,092

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