The Oklahoma United Methodist Foundation Inc

Organization Overview

The Oklahoma United Methodist Foundation Inc is located in Oklahoma City, OK. The organization was established in 1963. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Oklahoma United Methodist Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma United Methodist 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 12/2021, Oklahoma United Methodist Foundation Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 2 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.

Since 2020, Oklahoma United Methodist Foundation Inc has awarded 28 individual grants totaling $981,576. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ESTABLISH, PROMOTE, EXTEND, AND MAINTAIN THE CHRISTIAN FAITH ACCORDING TO THE ESTABLISHED DOCTRINE AND WORSHIP OF THE UNITED METHODIST CHURCH IN THE STATE OF OKLAHOMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED $144,000 FUNDS TO THE OKLAHOMA UNITED METHODIST CIRCLE OF CARE, INC. TO SUPPORT FOSTER CARE MINISTRY AND PEARLS HOPE TRANSITIONAL LIVING PROGRAM FOR SINGLE MOTHERS. PEARLS HOPE PROVIDES FINANCIAL, EDUCATIONAL, AND FAMILIAL RESOURCES TO SECURE AND MAINTAIN HOUSING ON THEIR OWN. PEARLS HOPE SERVES WOMEN WHO ARE WORKING TO IMPROVE THEIR LIVES OR THE LIVES OF THEIR CHILDREN AFTER INTERVENTION BY THE OK DEPARTMENT OF HUMAN SERVICES. PROVIDED $10,000 OF GENERAL SUPPORT FOR FOSTER CARE MINISTRY.


PROVIDED SEMINARY SCHOLARSHIPS TO ASBURY THEOLOGICAL SEMINARY FOR FUTURE OKLAHOMA UNITED METHODIST PASTORS ALLOWING THEM TO BEGIN THEIR MINISTRY CAREER WITHOUT THE BURDEN OF STUDENT LOAN DEBT.


PROVIDED SEMINARY SCHOLARSHIPS TO SAINT PAUL SCHOOL OF THEOLOGY FOR FUTURE OKLAHOMA UNITED METHODIST PASTORS ALLOWING THEM TO BEGIN THEIR MINISTRY CAREER WITHOUT THE BURDEN OF STUDENT LOAN DEBT.


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Board, Officers & Key Employees

Name (title)Compensation
William Junk
President
$283,504
Billy Meade
Controller & Treasurer
$192,203
David Battles
Executive Vice-President
$191,503
Joseph Wiley
Senior Advisor
$114,358
Alan Herndon
Director Of Gift Planning
$107,623
Harold Armstrong
Secretary
$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$632,699
Noncash contributions included in lines 1a–1f $192,064
Total Revenue from Contributions, Gifts, Grants & Similar$632,699
Total Program Service Revenue$2,564,290
Investment income $1,861,807
Tax Exempt Bond Proceeds $0
Royalties $57,183
Net Rental Income $0
Net Gain/Loss on Asset Sales -$172,004
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,943,975

Grants Awarded

Over the last fiscal year, The Oklahoma United Methodist Foundation Inc has awarded $516,301 in support to 14 organizations.

Grant RecipientAmount

OK UM CIRCLE OF CARE INC

Org PageRecipient Profile

Oklahoma City, OK

PURPOSE: FOSTER CARE AND TRANSITIONAL HOUSING

$154,000

ASBURY THEOLOGICAL SEMINARY

Org PageRecipient Profile

Wilmore, KY

PURPOSE: SEMINARY SCHOLARSHIPS

$84,851

SAINT PAUL SCHOOL OF THEOLOGY

Org PageRecipient Profile

Leawood, KS

PURPOSE: SEMINARY SCHOLARSHIPS

$64,083

OKLAHOMA METHODIST MANOR

Org PageRecipient Profile

Tulsa, OK

PURPOSE: CAPITAL CAMPAIGN

$50,000

ASBURY UMC

PURPOSE: SCHOLARSHIPS

$40,000

OKLAHOMA METHODIST CONFERENCE

Org PageRecipient Profile

Oklahoma City, OK

PURPOSE: SALARY SUPPORT AND CONTINUING EDUCATION

$32,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Oklahoma United Methodist Foundation Inc has recieved totaling $60.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$60
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,461,466
Earnings$1,095,562
Net Contributions$292,723
Grants$468,589
Ending Balance$17,381,162

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