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Nonprofiteer
← WOMANS MISSIONARY UNION FOUNDATION

Form 990 for tax year 2023

Filed by WOMANS MISSIONARY UNION FOUNDATION.

Totals

Total revenue
$5,052,056
Total expenses
$4,502,010
Contributions and grants received
$3,347,489
Grants paid
$3,884,046
Program service revenue
$0
Investment income
$1,298,807
Other revenue
$405,760
Total assets, end of year
$51,272,265
Total liabilities, end of year
$25,796,661
Net assets or fund balances, end of year
$25,475,604
Program services expenses (Part IX)
$4,251,570
Management and general expenses
$250,440
Fundraising expenses
$0
Program service expenses (Part III)
$4,251,570

Program services were 94.4% 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

    $3,347,489

  • 3 · Investment income

    total $738,200 · excluded $738,200

  • 7a · Gross sales of assets other than inventory

    securities $2,925,390

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

    securities $2,364,783

  • 7c · Gain or loss

    securities $560,607

  • 7d · Net gain or loss

    total $560,607 · related or exempt $560,607

  • 11a · Other revenue: INVESTMENT FEE INCOME

    total $397,316 · related or exempt $397,316

  • 11b · Other revenue: OTHER INCOME

    total $135,123 · related or exempt $135,123

  • 11c · Other revenue: CHANGE IN VALUE OF ANNUITIES

    total -$126,679 · related or exempt -$126,679

  • 11e · Other revenue, total

    $405,760

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,568,484 · program services $1,568,484

  • 3 · Grants to foreign organizations and individuals

    total $2,315,562 · program services $2,315,562

  • 5 · Compensation of officers, directors and key employees

    total $179,591 · program services $104,163 · management and general $75,428

  • 7 · Other salaries and wages

    total $226,023 · program services $131,171 · management and general $94,852

  • 11b · Fees: legal

    total $4,254 · program services $2,127 · management and general $2,127

  • 11g · Fees: other

    total $51,643 · program services $25,821 · management and general $25,822

  • 12 · Advertising and promotion

    total $47,854 · program services $47,854

  • 13 · Office expenses

    total $19,843 · program services $9,922 · management and general $9,921

  • 16 · Occupancy

    total $39,789 · program services $23,078 · management and general $16,711

  • 17 · Travel

    total $26,953 · program services $10,981 · management and general $15,972

  • 23 · Insurance

    total $4,580 · program services $2,290 · management and general $2,290

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,634 · program services $7,317 · management and general $7,317

  • 24b · Other expenses: CONTRIBUTION EXPENSE

    total $2,800 · program services $2,800

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,625,531 · end of year $85,151

  • 4 · Accounts receivable

    beginning of year $125,162 · end of year $43,203

  • 7 · Other notes and loans receivable

    beginning of year $28,396 · end of year $24,198

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,350 · end of year $2,208

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

    $71,053

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

    $50,786

  • 10c · Land, buildings and equipment, net

    beginning of year $1,218 · end of year $20,267

  • 11 · Investments: publicly traded securities

    beginning of year $21,834,066 · end of year $26,006,596

  • 12 · Investments: other securities

    beginning of year $1,102,000 · end of year $1,109,252

  • 15 · Other assets

    beginning of year $19,926,208 · end of year $23,981,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,666 · end of year $26,740

  • 18 · Grants payable

    beginning of year $1,341,522 · end of year $1,295,453

  • 25 · Other liabilities

    beginning of year $20,462,025 · end of year $24,474,468

  • 27 · Net assets without donor restrictions

    beginning of year $1,423,423 · end of year $873,819

  • 28 · Net assets with donor restrictions

    beginning of year $21,362,295 · end of year $24,601,785

Mission and programs · 2023

Mission

THE WOMAN'S MISSIONARY UNION FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF MOTIVATING AND FACILITATING THE MAKING OF GIFTS, DONATIONS, AND BENEFACTIONS FOR THE ADVANCEMENT, PROMOTION AND MAINTENANCE OF WOMAN'S MISSIONARY UNION AND THE VARIOUS CAUSES FOSTERED, APPROVED, ENDORSED, PROMOTED OR OFFICIALLY SANCTIONED BY WMU AND THE RELATED STATE WMU ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO, MISSIONS EDUCATION AND ANY OTHER PURPOSES WITHIN THE SCOPE OF THE FOUNDATION.

  • THE FOUNDATION MANAGES APPROXIMATELY 122 SEPARATE FUNDS, ENDOWMENTS TOTALING OVER $21.2 MILLION, USED STRICTLY FOR THEIR EXEMPT PURPOSE. THE FOUNDATION ALSO SERVES AS THE INVESTMENT MANAGER FOR 24 RELIGIOUS ORGANIZATIONS WITH ASSETS OF $23 MILLION UNDER MANAGEMENT. GRANTS IN EXCESS OF $3.8 MILLION WERE PAID OUT DURING THE YEAR.

    Expenses $4,251,570 · Grants $3,884,046 · Revenue $5,052,056

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Berquist

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Robert Cardinal

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Collins Compere

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Hatfield

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Allison Turner

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Robin Wise

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Connie Dixon

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • Sandra Wisdom-Martin

    EX OFFICIO

    Total calculated
    $107,818
    From this org
    $0
    From related orgs
    $94,510
    Other
    $13,308
    Hours/week
    2

  • Travis Collins

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Charlene Miller

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Gayla Parker

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Ty Pendergrass

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Ina Rios

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Cindy Townsend

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Charlotte Watson

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • David Compher

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Janet Craynon

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Jody Hunt

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Kaye Miller

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Lorraine Powers

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • Peggy Darby

    PRESIDENT

    Total calculated
    $76,987
    From this org
    $68,034
    From related orgs
    $0
    Other
    $8,953
    Hours/week
    40

  • Dennis Anderson

    BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    2

  • David George

    PRESIDENT

    Total calculated
    $119,246
    From this org
    $111,557
    From related orgs
    $0
    Other
    $7,689
    Hours/week
    40

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.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.1
Source object
202402419349301360

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

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