Holston United Methodist Home For Children Foundation Inc
- Assets
- $46.1m
- Revenue
- $4.0m
- Investments
- $43.5m
- Employees
- 0
- Location
- Greeneville, TN
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-3247637
Organization Overview
Holston United Methodist Home For Children Foundation Inc is located in Greeneville, TN. The organization was established in 2014. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holston United Methodist Home For Children 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 06/2022, Holston United Methodist Home For Children Foundation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 5.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPERVISE, PROTECT, INVEST, MANAGE, OR OTHERWISE HANDLE AND ADMINISTER THE INVESTMENT OF FUNDS OF HOLSTON UNITED METHODIST HOME FOR CHILDREN, INC., AND TO SOLICIT, PROMOTE, ENCOURAGE AND RECEIVE GIFTS, GRANTS, DEVISES OR BEQUESTS OF REAL AND/OR PERSONAL PROPERTY, FROM PUBLIC OR PRIVATE SOURCES, IN ORDER TO CARRY OUT THE CORPORATION'S PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE CONTRIBUTIONS TO HOLSTON UNITED METHODIST HOME FOR CHILDREN, INC., WHICH SUPPORTED THE PROGRAMS, INITIATIVES, AND MISSIONS SUPPORTED BY, SPONSORED BY OR AFFILIATED WITH HOLSTON UNITED METHODIST HOME FOR CHILDREN, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin M Alexander Secretary And Treasurer | OfficerTrustee | 2 | $0 |
Nick Vantrease President And Chair | OfficerTrustee | 2 | $0 |
Barron D Kennedy IV Chair Elect | OfficerTrustee | 2 | $0 |
Andrew R Harper Director | Trustee | 1 | $0 |
Bradley S Williams Exofficio/nonvoting | Trustee | 3 | $0 |
Debra Miller Exofficio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,660,880 |
| 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 | $2,660,880 |
| Total Program Service Revenue | $0 |
| Investment income | $879,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $495,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,035,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,595,260 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,000 |
| Fees for services: Other | $70,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,676,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,582,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,537,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,120,321 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $46,120,321 |
| Net assets with donor restrictions | $0 |
| 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 | $46,120,321 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holston United Methodist Home For Children Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $51,942,495 |
| Earnings | -$6,806,793 |
| Net Contributions | $2,660,880 |
| Other Expense | $81,000 |
| Grants | $1,595,260 |
| Ending Balance | $46,120,322 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cahec Management Inc Raleigh, NC | $9,947,968 | $10,365,211 |
Vsu Auxiliary Services Real Estatefoundation Inc Valdosta, GA | $163,910,452 | $6,694,353 |
Richfield Foundation Salem, VA | $0 | $0 |
Aldersgate Life Plan Services Inc Charlotte, NC | $512,670 | $138,330 |
American Village Communities Inc Fairfax, VA | $10,611,697 | $3,645,882 |
230 John Wesley Dobbs Boulevard Ventures Inc Atlanta, GA | $13,295,834 | $2,161,354 |
Holston United Methodist Home For Children Foundation Inc Greeneville, TN | $46,120,321 | $4,035,558 |
Baptist Retirement Homes Foundation Winston Salem, NC | $47,968,572 | $2,829,285 |
Early Learning Property Management Inc Atlanta, GA | $26,441,881 | $2,751,537 |
Bhi Properties Llc Louisville, KY | $12,489,972 | $1,658,797 |
Deerfield Charitable Foundation Asheville, NC | $16,996,116 | $890,781 |
Virginia Community Development Fund Inc Richmond, VA | $8,280,823 | $4,728,316 |