South Carolina United Methodist Foundation
- Assets
- $30.4m
- Revenue
- $912.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Columbia, SC
- Founding
- 09/1979
- Data as of
- 06/2021
- EIN
- 57-0687517
Organization Overview
South Carolina United Methodist Foundation is located in Columbia, SC. The organization was established in 1979. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, South Carolina United Methodist Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Carolina United Methodist 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 06/2021, South Carolina United Methodist Foundation generated $912.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $587.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, South Carolina United Methodist Foundation has awarded 50 individual grants totaling $773,745. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ENDOWMENT FOR UNITED METHODIST INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ENDOWMENT FOR EIGHT UNITED METHODIST AFFILIATED INSTITUTIONS.
PROVIDING SUPPORT TO UNITED METHODIST AFFILIATED INSTITUTIONS, ORGANIZATIONS AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Reverend Robert M Vincent President | OfficerTrustee | 40 | $110,050 |
The Reverend R Wayne Horne Chairperson | OfficerTrustee | 0 | $0 |
Mr D Smith Patterson Treasurer | OfficerTrustee | 0 | $0 |
The Reverend Toni L White Vice Chairpe | OfficerTrustee | 0 | $0 |
Mr James C Hardin III Secretary | OfficerTrustee | 0 | $0 |
The Reverend Dr Ted R Morton Jr Director | Trustee | 0 | $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 | $172,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,820 |
| Total Program Service Revenue | $47,307 |
| Investment income | $693,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $912,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $324,050 |
| Grants and other assistance to domestic individuals. | $39,872 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,038 |
| Compensation of current officers, directors, key employees. | $131,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $693 |
| Office expenses | $6,506 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,636 |
| Travel | $533 |
| 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 | $28 |
| Insurance | $0 |
| All other expenses | $4,474 |
| Total functional expenses | $587,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,398,611 |
| Pledges and grants receivable | $84,060 |
| 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 | $21,848 |
| Investments—publicly traded securities | $28,387,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $555,686 |
| Total assets | $30,448,037 |
| Accounts payable and accrued expenses | $722,449 |
| 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 | $9,121,996 |
| Total liabilities | $9,844,445 |
| Net assets without donor restrictions | $412,829 |
| Net assets with donor restrictions | $20,190,763 |
| 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 | $30,448,037 |
Grants Awarded
Over the last fiscal year, South Carolina United Methodist Foundation has awarded $282,837 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Chapin, SC PURPOSE: SUPPORT | $36,703 |
Columbia, SC PURPOSE: SUPPORT | $36,606 |
Greenwood, SC PURPOSE: SUPPORT | $35,370 |
Spartanburg, SC PURPOSE: SUPPORT | $34,356 |
Spartanburg, SC PURPOSE: SUPPORT | $32,751 |
Columbia, MO PURPOSE: SUPPORT | $29,894 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Carolina United Methodist Foundation has recieved totaling $7,200.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $7,200 |
Endowment Analysis
| Beg. Balance | $16,160,933 |
| Earnings | $3,978,392 |
| Net Contributions | $172,820 |
| Other Expense | $36,096 |
| Grants | $144,751 |
| Ending Balance | $20,131,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
United Way Of The Piedmont Inc Spartanburg, SC | $4,093,923 | $15,798,807 |
Bluecross Blueshield Of South Carolina Foundation Columbia, SC | $340,633,924 | $51,086,800 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |
United Way Of The Midlands Columbia, SC | $21,822,205 | $12,356,591 |
United Way Of The Greater Triangle Inc Durham, NC | $8,988,793 | $10,685,118 |
United Way Of Greenville County Incorporated Greenville, SC | $26,398,141 | $12,601,521 |
Heritage Classic Foundation Hilton Head Island, SC | $10,740,368 | $11,355,325 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of Greater Greensboro Inc Greensboro, NC | $24,991,408 | $6,519,162 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |