United Methodist Foundation Of Indiana Inc

Organization Overview

United Methodist Foundation Of Indiana Inc is located in Fishers, IN. The organization was established in 1973. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, United Methodist Foundation Of Indiana Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Foundation Of Indiana 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, United Methodist Foundation Of Indiana Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. 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

RESOURCING THE MISSION AND MINISTRY OF UNITED METHODIST AND OTHER WESLEYAN-BASED CHURCHES IN INDIANA IN THE AREA OF STEWARDSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FIRST PROGRAM IS GENERAL SERVICES. THE FOUNDATION SERVES UNITED METHODIST CHURCHES, AGENCIES, AND MEMBERS IN THE FOLLOWING WAYS: IT PROVIDES INVESTMENT MANAGEMENT SERVICES TO LOCAL CHURCHES, AGENCIES, AND BOARDS. IT ASSISTS LOCAL CHURCHES IN DEVELOPING, PROMOTING, AND MANAGING THEIR ENDOWMENT PROGRAMS. IT PROVIDES EDUCATIONAL SEMINARS ON STEWARDSHIP, PLANNED GIVING, ESTATE PLANNING, CAPITAL CAMPAIGNS, AND RELATED SUBJECTS. IT PROVIDES ADMINISTRATIVE SERVICES FOR DONORS MAKING DEFERRED GIFTS TO THEIR CHURCH OR A CHURCH RELATED MISSION OR MINISTRY.


THE SECOND PROGRAM AREA IS LEGACY GRANTS. THE FOUNDATION ACTS AS TRUSTEE AND ADMINISTERS FUNDS FOR THE BENEFIT OF LOCAL CHURCHES AND CHURCH RELATED MINISTRIES AND MISSIONS. IT MANAGES AND ADMINISTERS ENDOWMENT FUNDS OF THE FOUNDATION AND DISTRIBUTES EARNINGS. IT EVALUATES GRANT REQUESTS, SELECTS QUALIFIED RECIPIENTS, AND MAKES DISBURSEMENTS TO QUALIFIED RECIPIENTS. IN GENERAL IT SUPPORTS THE CHURCH'S EVANGELICAL AND SOCIAL SERVICE PROGRAMS, AIMS, AND PURPOSES OF THE UNITED METHODIST DENOMINATION IN INDIANA.


THE THIRD PROGRAM IS THE LOAN AND SAVINGS MINISTRY. THE LOAN AND SAVINGS MINISTRY PROVIDES FUNDING TO UNITED METHODIST CHURCHES AND AGENCIES IN INDIANA TO PURCHASE, BUILD, OR REPAIR PROJECTS RELATED TO THEIR CHURCH BUILDINGS AND PARSONAGES.


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Board, Officers & Key Employees

Name (title)Compensation
D Manet Shettle
President
$138,316
Dave Berry
Director
$0
Forrest Bowers
Director
$0
John Clay
Director
$0
Karla Elliott
Director
$0
Teri Crouse
Director
$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$265,505
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$265,505
Total Program Service Revenue$1,451,917
Investment income $2,452,216
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,173,555

Grants Awarded

Over the last fiscal year, United Methodist Foundation Of Indiana Inc has awarded $306,717 in support to 2 organizations.

Grant RecipientAmount

INDIANA CONFERENCE OF THE UMC

PURPOSE: Retired clergy insurance

$301,217

CLINTON FIRST UNITED METHODIST CHURCH

PURPOSE: Backpack Program

$5,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that United Methodist Foundation Of Indiana Inc has recieved totaling $21,697.

Awarding OrganizationAmount
Milber E Kendall Trust

Chicago, IL

PURPOSE: GENERAL

$21,692
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,282,229
Earnings$2,344,412
Admin Expense$329,749
Net Contributions$242,048
Grants$1,233,259
Ending Balance$23,305,681

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