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← SOUTH CAROLINA UNITED METHODIST FOUNDATION

Form 990 for tax year 2022

Filed by SOUTH CAROLINA UNITED METHODIST FOUNDATION.

Totals

Total revenue
$1,029,582
Total expenses
$752,428
Contributions and grants received
$241,795
Grants paid
$493,957
Program service revenue
$49,425
Investment income
$738,362
Other revenue
$0
Total assets, end of year
$27,776,796
Total liabilities, end of year
$9,995,665
Net assets or fund balances, end of year
$17,781,131
Program services expenses (Part IX)
$493,957
Management and general expenses
$258,471
Fundraising expenses
$0
Program service expenses (Part III)
$493,957

Program services were 65.6% 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.

  • 1f · All other contributions, gifts and grants

    $241,795

  • 2a · Program service revenue: MANAGEMENT FEES

    total $49,425 · related or exempt $49,425

  • 3 · Investment income

    total $847,709 · excluded $847,709

  • 7a · Gross sales of assets other than inventory

    securities $2,404,955

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

    securities $2,514,302

  • 7c · Gain or loss

    securities -$109,347

  • 7d · Net gain or loss

    total -$109,347 · related or exempt -$109,347

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $443,457 · program services $443,457

  • 2 · Grants to domestic individuals

    total $50,500 · program services $50,500

  • 5 · Compensation of officers, directors and key employees

    total $145,811 · management and general $145,811

  • 7 · Other salaries and wages

    total $55,866 · management and general $55,866

  • 10 · Payroll taxes

    total $4,989 · management and general $4,989

  • 11c · Fees: accounting

    total $8,500 · management and general $8,500

  • 12 · Advertising and promotion

    total $998 · management and general $998

  • 13 · Office expenses

    total $8,318 · management and general $8,318

  • 16 · Occupancy

    total $18,183 · management and general $18,183

  • 17 · Travel

    total $2,247 · management and general $2,247

  • 22 · Depreciation, depletion and amortization

    total $126 · management and general $126

  • 24a · Other expenses: CONTINGENCY EXPENSES

    total $13,433 · management and general $13,433

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,415,726 · end of year $1,615,312

  • 3 · Pledges and grants receivable

    beginning of year $94,959 · end of year $97,321

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

    $49,229

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

    $26,601

  • 10c · Land, buildings and equipment, net

    beginning of year $21,820 · end of year $22,628

  • 11 · Investments: publicly traded securities

    beginning of year $24,741,601 · end of year $25,502,177

  • 15 · Other assets

    beginning of year $577,982 · end of year $539,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $854,588 · end of year $774,233

  • 25 · Other liabilities

    beginning of year $9,264,206 · end of year $9,221,432

  • 27 · Net assets without donor restrictions

    beginning of year $452,476 · end of year $387,299

  • 28 · Net assets with donor restrictions

    beginning of year $16,280,818 · end of year $17,393,832

Mission and programs · 2022

Mission

PROVIDE ENDOWMENT FOR UNITED METHODIST INSTITUTIONS.

  • PROVIDING ENDOWMENT FOR SEVEN UNITED METHODIST AFFILIATED INSTITUTIONS.

    Expenses $344,476 · Grants $344,476

  • PROVIDING SUPPORT TO UNITED METHODIST AFFILIATED INSTITUTIONS, ORGANIZATIONS AND STUDENTS.

    Expenses $149,481 · Grants $149,481

As filed on the 2022 return.

Listed in Part VII

  • The Reverend Michael E Bowers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mrs Mary Ann S Crews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • The Reverend Eugene L Curry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • The Reverend Dr Robin Dease

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr James C Hardin III

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Joseph E Heyward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bishop L Jonathan Holston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • The Reverend R Wayne Horne

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • The Reverend Milton L McGuirt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • The Reverend Dr Ted R Morton Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr D Smith Patterson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mr Tim Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • The Reverend Robert M Vincent

    PRESIDENT

    Total calculated
    $145,811
    From this org
    $122,463
    From related orgs
    $0
    Other
    $23,348
    Hours/week
    40

  • The Reverend Toni L White

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
28 December 2023
IRS schema version
2022v5.0
Source object
202440299349300614

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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