Methodist Home For Children
- Assets
- $52.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 23-1401564
Organization Overview
Methodist Home For Children is located in Philadelphia, PA. The organization was established in 1942. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Home For Children 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 06/2021, Methodist Home For Children generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS AND SERVICES TO CHILDREN, YOUTH AND FAMILIES, WHICH PROMOTES QUALITY OF LIFE
Describe the Organization's Program Activity:
MHCF SERVES AS A SUPPORTING ORGANIZATION THAT MAKES GRANTS TO SUPPORT THE PROGRAMS OF METHODIST SERVICES AND METHODIST HOME FOR CHILDREN, WHICH ARE BOTH 501(C)(3) PUBLIC CHARITIES, AND ARE BOTH RELATED TO MHCF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Sorkin Chair | OfficerTrustee | 1 | $0 |
Richard Chip Cobb Jr Vice Chair | OfficerTrustee | 1 | $0 |
Katherine Zidek Secretary | OfficerTrustee | 1 | $0 |
Andy Cross CFO Jan 2021 To Aug 2021 | Officer | 2 | $0 |
Kathrine Martin Sr. VP & Executive Director | Officer | 1 | $0 |
Anne Rice-Burgess President & CEO | Officer | 1 | $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 | $37,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,693 |
| Total Program Service Revenue | $0 |
| Investment income | $1,201,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,659,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,231,965 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $148,000 |
| Fees for services: Legal | $4,167 |
| Fees for services: Accounting | $6,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $193,753 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,450 |
| 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 | $29,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,339 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,993,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $595,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,589 |
| 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 | $8,592 |
| Net Land, buildings, and equipment | $7,521,221 |
| Investments—publicly traded securities | $36,340,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,466,088 |
| Total assets | $52,939,125 |
| Accounts payable and accrued expenses | $12,846 |
| 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 | $2,628,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,040,733 |
| Total liabilities | $6,682,132 |
| Net assets without donor restrictions | $38,926,960 |
| Net assets with donor restrictions | $7,330,033 |
| 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 | $52,939,125 |
Grants Awarded
Over the last fiscal year, Methodist Home For Children has awarded $1,124,522 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: TO SUPPORT PROGRAMS AND SERVICES TO CHILDREN, YOUTH AND FAMILIES | $1,090,522 |
Philadelphia, PA PURPOSE: TO MAINTAIN CAMPUS FOR RUNNING PROGRAM SERVICES | $34,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Methodist Home For Children has recieved totaling $1,409.
| Awarding Organization | Amount |
|---|---|
George A Garrett Item 10 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $1,409 |
Endowment Analysis
| Beg. Balance | $30,213,203 |
| Earnings | $7,735,106 |
| Admin Expense | $193,753 |
| Grants | $1,414,321 |
| Ending Balance | $36,340,235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seamens Society For Children And Families Staten Island, NY | $5,020,134 | $20,127,273 |
Burlington United Methodist Family Services Inc Burlington, WV | $36,434,760 | $22,163,964 |
Family Services Inc Poughkeepsie, NY | $11,302,603 | $22,651,312 |
Jewish Community Service Inc Baltimore, MD | $17,523,973 | $23,819,895 |
The Campaign Against Hunger Inc Brooklyn, NY | $6,995,780 | $16,531,662 |
The Partnership For Maternal And Child Health Of Northern Nj Inc Newark, NJ | $7,769,799 | $14,445,230 |
Camden County Partnership For Children Inc Voorhees, NJ | $8,510,476 | $17,210,381 |
Family Services Of Nw Pa Erie, PA | $5,716,473 | $14,963,604 |
Jewish Family Service Of Atlantic County Inc Margate, NJ | $7,174,287 | $13,870,602 |
Chor Youth & Family Services Inc Reading, PA | $3,718,610 | $12,892,612 |
Child And Family Focus Inc Audubon, PA | $4,075,147 | $11,988,261 |
Partners For Kids And Families Inc Mount Holly, NJ | $5,536,394 | $11,299,408 |