United Methodist Foundation Of Indiana Inc
- Assets
- $125.6m
- Revenue
- $4.2m
- Investments
- $69.2m
- Employees
- 9
- Location
- Fishers, IN
- Founding
- 02/1973
- Data as of
- 12/2021
- EIN
- 23-7258100
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
D Manet Shettle President | 40 | $138,316 | |
Dave Berry Director | Trustee | 0.5 | $0 |
James Need Director | Trustee | 1 | $0 |
Craig Wood Director | Trustee | 0.5 | $0 |
Larna Spearman Director | Trustee | 0.5 | $0 |
Monte Chamberlin Vice Chair | Trustee | 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 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,165,516 |
| Grants and other assistance to domestic individuals. | $261,882 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $138,316 |
| Compensation of current officers, directors, key employees. | $86,738 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,100 |
| Pension plan accruals and contributions | $54,695 |
| Other employee benefits | $38,615 |
| Payroll taxes | $40,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,715 |
| Fees for services: Accounting | $47,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,563 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,363 |
| Office expenses | $56,073 |
| Information technology | $45,986 |
| Royalties | $0 |
| Occupancy | $78,586 |
| Travel | $13,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,033 |
| Insurance | $5,301 |
| All other expenses | $25,222 |
| Total functional expenses | $2,754,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,448,069 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $256,955 |
| Net Land, buildings, and equipment | $37,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $69,235,890 |
| Investments—program-related | $33,051,169 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,598,510 |
| Accounts payable and accrued expenses | $386,262 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $67,263,086 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,550,970 |
| Total liabilities | $96,200,318 |
| Net assets without donor restrictions | $6,298,564 |
| Net assets with donor restrictions | $23,099,628 |
| 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 | $125,598,510 |
Grants Awarded
Over the last fiscal year, United Methodist Foundation Of Indiana Inc has awarded $306,717 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA CONFERENCE OF THE UMC PURPOSE: Retired clergy insurance | $301,217 |
CLINTON FIRST UNITED METHODIST CHURCH PURPOSE: Backpack Program | $5,500 |
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 Organization | Amount |
|---|---|
Milber E Kendall Trust Chicago, IL PURPOSE: GENERAL | $21,692 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relevant Radio Inc Lincolnshire, IL | $100,083,301 | $30,552,688 |
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Josiah Venture Nfp Wheaton, IL | $16,890,117 | $13,544,001 |
Alpha Usa Naperville, IL | $4,051,813 | $10,198,645 |
Wesley Village Inc Macomb, IL | $11,643,378 | $8,896,317 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Siebert Lutheran Foundation Inc Milwaukee, WI | $97,193,025 | $11,548,581 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |
Leadership Resources International Palos Heights, IL | $4,418,909 | $4,858,234 |
Vcy America Inc Milwaukee, WI | $9,863,404 | $4,388,148 |
Kentucky Baptist Assemblies Inc Louisville, KY | $21,761,753 | $7,127,086 |
International Fellowship Of Evangelical Students Usa Inc Madison, WI | $6,456,796 | $6,176,291 |