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Nonprofiteer
← METHODIST HOME FOR CHILDREN

Form 990 for tax year 2023

Filed by METHODIST HOME FOR CHILDREN.

Totals

Total revenue
$1,938,518
Total expenses
$1,698,241
Contributions and grants received
$0
Grants paid
$1,117,522
Program service revenue
$0
Investment income
$1,923,563
Other revenue
$14,955
Total assets, end of year
$52,936,310
Total liabilities, end of year
$10,368,108
Net assets or fund balances, end of year
$42,568,202
Program services expenses (Part IX)
$1,117,522
Management and general expenses
$580,719
Fundraising expenses
$0
Program service expenses (Part III)
$1,117,522

Program services were 65.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,048,849 · excluded $2,048,849

  • 7a · Gross sales of assets other than inventory

    securities $3,015,000

  • 7b · Less cost or other basis and sales expenses

    securities $3,140,286

  • 7c · Gain or loss

    securities -$125,286

  • 7d · Net gain or loss

    total -$125,286 · excluded -$125,286

  • 11a · Other revenue: BEQUESTS & LEGACIES

    total $12,570 · excluded $12,570

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $2,385 · excluded $2,385

  • 11e · Other revenue, total

    $14,955

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,117,522 · program services $1,117,522

  • 11a · Fees: management

    total $148,400 · management and general $148,400

  • 11c · Fees: accounting

    total $16,645 · management and general $16,645

  • 11f · Fees: investment management

    total $149,377 · management and general $149,377

  • 11g · Fees: other

    total $9,581 · management and general $9,581

  • 14 · Information technology

    total $706 · management and general $706

  • 20 · Interest

    total $251,931 · management and general $251,931

  • 24a · Other expenses: OTHER EXPENSES

    total $4,079 · management and general $4,079

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $711,083 · end of year $115,824

  • 4 · Accounts receivable

    beginning of year $6,756 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $14,645,142

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,530,496

  • 10c · Land, buildings and equipment, net

    beginning of year $9,183,966 · end of year $10,114,646

  • 11 · Investments: publicly traded securities

    beginning of year $31,323,547 · end of year $9,448,107

  • 12 · Investments: other securities

    end of year $24,178,983

  • 15 · Other assets

    beginning of year $8,875,213 · end of year $9,078,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $605,000 · end of year $207,375

  • 23 · Secured mortgages and notes payable

    beginning of year $5,305,000 · end of year $6,120,000

  • 25 · Other liabilities

    beginning of year $4,040,733 · end of year $4,040,733

  • 27 · Net assets without donor restrictions

    beginning of year $37,879,711 · end of year $39,654,349

  • 28 · Net assets with donor restrictions

    beginning of year $2,270,121 · end of year $2,913,853

Mission and programs · 2023

Mission

THE MISSION OF METHODIST HOME FOR CHILDREN FOUNDATION (MHCF) IS TO SUPPORT PROGRAMS AND SERVICES TO CHILDREN , YOUTH , AND FAMILIES AND TO PROMOTE THEIR GENERAL WELFARE AND QUALITY OF LIFE.

Activities or mission (Part I)

TO SUPPORT PROGRAMS AND SERVICES TO CHILDREN , YOUTH AND FAMILIES , WHICH PROMOTES QUALITY OF LIFE

  • MHCF SERVES AS A SUPPORTING ORGANIZATION THAT MAKES GRANTS TO SUPPORT THE PROGRAMS OF METHODIST SERVICES AND METHODIST HOME FOR CHILDREN, WHICH ARE BOTH 501(C)(3) PUBLIC CHARITIES, AND ARE BOTH RELATED TO MHCF.

    Expenses $1,117,522 · Grants $1,117,522

As filed on the 2023 return.

Listed in Part VII

  • Charles Sorkin

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor Roberts

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • F Scott Donahue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ernest May

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Larry Wiltshire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathrine Martin

    PRESIDENT & CEO

    Total calculated
    $224,432
    From this org
    $0
    From related orgs
    $200,947
    Other
    $23,485
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,947 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $11,410 related
    Filer's total
    $0 + $224,432 related

  • Cynthia Benton

    CFO

    Total calculated
    $169,430
    From this org
    $0
    From related orgs
    $158,982
    Other
    $10,448
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,982 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,448 related
    Filer's total
    $0 + $169,430 related

  • Anne Rice - Burgess

    FORMER PRESIDENT & CEO (THRU 6/2023)

    Total calculated
    $159,367
    From this org
    $0
    From related orgs
    $150,643
    Other
    $8,724
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $150,643 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,062 related
    Nontaxable benefits
    $0 + $5,662 related
    Filer's total
    $0 + $159,367 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • METHODIST SERVICES

    501(C)(3) · TO PROVIDE SOCIAL SERVICES FOR CHILDREN, YOUTH & FAMILIES · PA

    Directly controlled by METHODIST HOME FOR CHILDREN

  • METHODIST HOME FOR CHILDREN

    501(C)(3) · TO ASSURE THE PROVISION OF QUALITY SERVICES TO CHILDREN, YOUTH & FAMILIES · PA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ALICIAN SENIOR APARTMENTS II GP LLC

    TO DEVELOP AND OPERATE AFFORDABLE HOUSING PROJECT FOR SENIORS · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MONUMENT VILLAGE CORPORATION

    C · INVESTMENTS · PA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349303817

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