Florida Methodist Foundation Inc

Florida Methodist Foundation Inc 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.

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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Florida Methodist Foundation Inc Board, Officers & Key Employees

Name (title)Compensation
Pamela W Hicks
Vice President
$152,380
J Thomas Wilkinson
Vice President
$150,694
Rev Mark Becker
President
$118,471
Andrew Craske
Vice President
$115,881
Margaret Cox
Treasurer
$97,170
Elizabeth Parham
Vice President
$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

Florida Methodist Foundation Inc Grants Awarded

Over the last fiscal year, Florida Methodist Foundation Inc has awarded $171,219 in support to 9 organizations.

Grant RecipientAmount

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

FIRST UNITED METHODIST CHURCH OF PORT ORANGE

Org PageRecipient Profile

Port Orange, FL

PURPOSE: GRANT FOR DERBYSHIRE PLACE CHRISTIAN COMMUNITY CENTER

$12,000

BETHUNE COOKMAN UNIVERSITY

Org PageRecipient Profile

Daytona Beach, FL

PURPOSE: GRANT FOR CHALLENGING CONVERSATIONS

$10,000
View Grant Profile

Florida Methodist Foundation Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Florida Methodist Foundation Inc has recieved totaling $20,000.

Awarding OrganizationAmount
The Fund For Theological Education Inc

Decatur, GA

PURPOSE: Leadership Formation Lab Grant

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,639,817
Earnings$716,559
Admin Expense$29,325
Net Contributions$42,913
Ending Balance$6,369,964

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