Florida Methodist Foundation Inc
- Assets
- $361.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Lakeland, FL
- Founding
- 11/1966
- Data as of
- 12/2019
- EIN
- 59-1148710
Organization Overview
Florida Methodist Foundation Inc is located in Lakeland, FL. The organization was established in 1966. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2019, Florida Methodist Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Florida Methodist Foundation Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $6.0m during the year ending 12/2019. While expenses have increased by 1.7% per year over the past 5 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.
Since 2015, Florida Methodist Foundation Inc has awarded 44 individual grants totaling $1,769,891. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN MINISTRIES OF UNITED METHODIST CHURCHES AND AGENCIES BY PROMOTING COMPREHENSIVE CHRISTIAN STEWARDSHIP THROUGH EDUCATION, CONSULTING, DEVELOPMENT AND FINANCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A RELATED, BUT SEPARATELY ORGANIZED, ENTITY WITH THE PURPOSE OF SERVING THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. ITS PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. IT SERVES AS A CHANNEL FOR PHILANTHROPIC GIVING TO LOCAL CHURCHES, AGENCIES AND INSTITUTIONS AFFILIATED WITH THE FLORIDA CONFERENCE THROUGH VARIOUS TRUST VEHICLES. IN ADDITION, FUNDS DEPOSITED WITH THE FOUNDATION MAY BE LOANED TO UNITED METHODIST CHURCHES, AGENCIES AND INSTITUTIONS PRIMARILY WITHIN THE FLORIDA CONFERENCE FOR BUILDING AND OTHER CAPITAL PROJECTS. NUMBER OF UNITED METHODIST CHURCHES AND OTHER AGENCIES WITHIN THE FLORIDA ANNUAL CONFERENCE BENEFITED: CHURCHES 615
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela W Hicks Vice President | Officer | 37.5 | $152,380 |
J Thomas Wilkinson Vice President | Officer | 37.5 | $150,694 |
Rev Mark Becker President | Officer | 37.5 | $118,471 |
Andrew Craske Vice President | Officer | 37.5 | $115,881 |
Margaret Cox Treasurer | Officer | 37.5 | $97,170 |
Elizabeth Parham Vice President | Officer | 37.5 | $91,834 |
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 | $137,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,672 |
| Total Program Service Revenue | $6,375,726 |
| Investment income | $89,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,643,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,219 |
| 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. | $1,171,324 |
| Compensation of current officers, directors, key employees. | $177,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,371 |
| Pension plan accruals and contributions | $50,461 |
| Other employee benefits | $160,532 |
| Payroll taxes | $72,816 |
| Fees for services: Management | $36,952 |
| Fees for services: Legal | $28,423 |
| Fees for services: Accounting | $35,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $176,849 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69,218 |
| Information technology | $140,417 |
| Royalties | $0 |
| Occupancy | $48,613 |
| Travel | $39,050 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,450 |
| Interest | $3,054,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,851 |
| Insurance | $69,245 |
| All other expenses | $0 |
| Total functional expenses | $6,022,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119 |
| Savings and temporary cash investments | $12,238,663 |
| 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 | $125,138,772 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,169 |
| Net Land, buildings, and equipment | $1,367,081 |
| Investments—publicly traded securities | $5,706,415 |
| Investments—other securities | $0 |
| Investments—program-related | $4,175,894 |
| Intangible assets | $0 |
| Other assets | $213,092,689 |
| Total assets | $361,761,802 |
| Accounts payable and accrued expenses | $378,785 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $211,991,714 |
| 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 | $135,388,040 |
| Total liabilities | $347,808,539 |
| Net assets without donor restrictions | $10,709,880 |
| Net assets with donor restrictions | $3,243,383 |
| 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 | $361,761,802 |
Grants Awarded
Over the last fiscal year, Florida Methodist Foundation Inc has awarded $171,219 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
New York City, NY PURPOSE: HURRICANE DORIAN BAHAMAS RELIEF | $50,000 |
FAC BOARD OF CAMPS AND RETREAT MINISTRIES PURPOSE: BELL ENDOWED CAMPING SCHOLARSHIP FUND | $29,325 |
GULF COAST WESLEY FOUNDATION PURPOSE: GRANT FOR WESLEY HOUSE PROGRAM | $25,000 |
PIERSON UNITED METHODIST CHURCH PURPOSE: GRANT FOR FISH & FERN FAITH COMMUNITY | $20,000 |
Port Orange, FL PURPOSE: GRANT FOR DERBYSHIRE PLACE CHRISTIAN COMMUNITY CENTER | $12,000 |
Daytona Beach, FL PURPOSE: GRANT FOR CHALLENGING CONVERSATIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Methodist Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Fund For Theological Education Inc Decatur, GA PURPOSE: Leadership Formation Lab Grant | $20,000 |
Endowment Analysis
| Beg. Balance | $5,639,817 |
| Earnings | $716,559 |
| Admin Expense | $29,325 |
| Net Contributions | $42,913 |
| Ending Balance | $6,369,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Methodist Foundation Inc Lakeland, FL | $361,761,802 | $6,643,023 |
Heart For Africa Inc Roswell, GA | $1,049,084 | $3,210,581 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $33,564,683 | $0 |
Christian Community Foundation Of South Florida Inc Fort Lauderdale, FL | $1,841,361 | $1,712,430 |
Susie And Alan B Levan Family Foundation Inc Fort Lauderdale, FL | $2,862,409 | $2,261,671 |
Countryside Cares Inc Clearwater, FL | $5,552 | $1,364,913 |
Covenant Community Inc Atlanta, GA | $1,651,279 | $1,392,529 |
Bishop Gray Retirement Foundation Inc Winter Park, FL | $13,363,345 | $611,393 |
Stegall Seminary Scholarshipendowment Foundation Montgomery, AL | $5,228,493 | $954,257 |
Italy For Christ Kennesaw, GA | $62,478 | $465,389 |
Hope For The World Foundation Inc Santa Rosa Beach, FL | $69,413 | $476,206 |
Alliance Ministries Birmingham, AL | $25,701 | $302,038 |