United Methodist Retirement Homes Foundation
- Assets
- $11.1m
- Revenue
- $131.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 07/1994
- Data as of
- 09/2021
- EIN
- 56-1870172
Organization Overview
United Methodist Retirement Homes Foundation is located in Durham, NC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Retirement Homes Foundation 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 09/2021, United Methodist Retirement Homes Foundation generated $131.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $63.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. 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
THE UNITED METHODIST RETIREMENT HOMES FOUNDATION, INC. IS ORGANIZED IN ORDER TO RAISE ENDOWMENT FUNDS FOR THE RESIDENTIAL FACILITIES OPERATED BY UMRH TO SUPPORT BENEVOLENT CARE FOR THOSE RESIDENTS WHO ARE UNABLE TO PAY FOR CONTINUING CARE AT THE RESIDENTIAL FACILITIES OPERATED BY UMRH AND TO SUPPORT SPECIAL PROGRAMS AND PROJECTS AT THESE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED FUNDS TO THE UNITED METHODIST RETIREMENT HOMES, INC. EARMARKED FOR BENEVOLENT ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Steele Jr Chair | OfficerTrustee | 0.5 | $0 |
Debbie Montague Vice Chair | OfficerTrustee | 0.5 | $0 |
Nancy Van Antwerp Secretary | OfficerTrustee | 0.5 | $0 |
Jonathan Erickson Corporate Executive Director | Officer | 1 | $0 |
Stacy Dobson Chief Financial Officer | Officer | 1 | $0 |
W Lee Harriss Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,048 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,977 |
| Total Program Service Revenue | $0 |
| Investment income | $37,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,343 |
| Net Income from Fundraising Events | $1,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,240 |
| 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 | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,673 |
| 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 | $63,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,192,661 |
| Pledges and grants receivable | $24,721 |
| Accounts receivable, net | $156,312 |
| 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 | $9,717,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,091,111 |
| Accounts payable and accrued expenses | $29,760 |
| Grants payable | $8,624,438 |
| 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 | $923,127 |
| Total liabilities | $9,577,325 |
| Net assets without donor restrictions | $184,460 |
| Net assets with donor restrictions | $1,329,326 |
| 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 | $11,091,111 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that United Methodist Retirement Homes Foundation has recieved totaling $894.
| Awarding Organization | Amount |
|---|---|
Mutual Of America Foundation New York, NY PURPOSE: GENERAL OPERATING PURPOSE | $595 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $299 |
Endowment Analysis
| Beg. Balance | $1,065,781 |
| Earnings | $218,125 |
| Net Contributions | $67,285 |
| Other Expense | $58,555 |
| Ending Balance | $1,292,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |