Pasadena Methodist Foundation

Organization Overview

Pasadena Methodist Foundation is located in Pasadena, CA. The organization was established in 1945. 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. Pasadena Methodist Foundation 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, Pasadena Methodist Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $807.8k during the year ending 12/2021. While expenses have increased by 1.9% 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE GRANTS TO FURTHER THE MISSION OF THE FIRST UNITED METHODIST CHURCH OF PASADENA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FIRST UNITED METHODIST CHURCH - PROVIDE GRANTS TO FURTHER THE PURPOSE OF THE CHURCH'S MISSION.


SCHOLARSHIP GRANTS TO VARIOUS STUDENTS TO PURSUE EDUCATION


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Board, Officers & Key Employees

Name (title)Compensation
K Lussier
Director
$0
W Lewis
1st VP
$0
Name Not Listed
2nd VP
$0
J Clairday
Treasurer
$0
S Rogers
President
$0
T Bowman
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$7,350
Fundraising events$0
Related organizations$0
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$7,350
Total Program Service Revenue$0
Investment income $293,922
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $186,304
Net Gain/Loss on Asset Sales $1,868,579
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,356,155

Grants Awarded

Over the last fiscal year, Pasadena Methodist Foundation has awarded $507,850 in support to 3 organizations.

Grant RecipientAmount

PASADENA FIRST UNITED METHODIST CHURCH

PURPOSE: GENERAL OPERATING SUPPORT.

$473,850

CLAREMONT SCHOOL OF THEOLOGY

Org PageRecipient Profile

Claremont, CA

PURPOSE: GENERAL OPERATING SUPPORT

$24,000

Pasadena, CA

PURPOSE: GENERAL OPERATING SUPPORT.

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Pasadena Methodist Foundation has recieved totaling $28,675.

Awarding OrganizationAmount
Floy H Van Nuys Tr Uw 33l004000

Thornton, CO

PURPOSE: GENERAL SUPPORT

$28,675
View Grant Recipient Profile

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