Methodist Home For Children Foundation

Organization Overview

Methodist Home For Children Foundation is located in Raleigh, NC. The organization was established in 2002. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Methodist Home For Children 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 06/2022, Methodist Home For Children Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $670.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING ORGANIZATION FOR THE BENEFIT OF THE METHODIST HOME FOR CHILDREN, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT OF THE METHODIST HOME FOR CHILDREN, INC. OPERATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Jessica Vickers
Chair
$0
Martha Walston
Vice Chair
$0
Marcus Green
Treasurer
$0
Joe Mann
Secretary
$0
Chris Mcclure
Vice Chair
$0
Erik Ross
Member At Large
$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$673,329
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$673,329
Total Program Service Revenue$0
Investment income $469,026
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,307,168
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,450,093

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Methodist Home For Children Foundation has recieved totaling $24,456.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: PHILANTHROPY

$18,250
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$3,606
E Merle And Ollie W Edwards Foundation Inc

Kinston, NC

PURPOSE: CHARITABLE

$2,500
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$24,308,726
Earnings-$2,694,393
Net Contributions$1,053,995
Other Expense$929,684
Ending Balance$21,738,644

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