Skip to content
Nonprofiteer
← UNITED METHODIST FOUNDATION OF LA

Form 990 for tax year 2023

Filed by UNITED METHODIST FOUNDATION OF LA.

Totals

Total revenue
$5,805,133
Total expenses
$4,542,171
Contributions and grants received
$3,294,227
Grants paid
$733,484
Program service revenue
$1,098,101
Investment income
$1,412,805
Other revenue
$0
Total assets, end of year
$48,536,375
Total liabilities, end of year
$2,415,959
Net assets or fund balances, end of year
$46,120,416
Program services expenses (Part IX)
$3,534,789
Management and general expenses
$1,007,382
Fundraising expenses
$0
Program service expenses (Part III)
$3,534,789

Program services were 77.8% 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.

  • 1f · All other contributions, gifts and grants

    $3,294,227

  • 2a · Program service revenue: Trustee Management Fees

    total $1,098,101

  • 3 · Investment income

    total $781,010

  • 7a · Gross sales of assets other than inventory

    securities $2,735,835

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

    securities $2,104,040

  • 7c · Gain or loss

    securities $631,795

  • 7d · Net gain or loss

    total $631,795

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $733,484 · program services $733,484

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $340,070 · management and general $340,070

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $346,537 · management and general $346,537

  • 8 · Pension plan contributions

    total $62,775 · management and general $62,775

  • 9 · Other employee benefits

    total $36,558 · management and general $36,558

  • 10 · Payroll taxes

    total $49,932 · management and general $49,932

  • 11a · Fees: management

    total $1,061 · management and general $1,061

  • 11b · Fees: legal

    total $1,677 · management and general $1,677

  • 11c · Fees: accounting

    total $17,620 · management and general $17,620

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $28,409 · program services $28,409

  • 13 · Office expenses

    total $102,776 · management and general $102,776

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $17,470 · program services $17,470

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $19,591 · program services $19,591

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $12,714 · management and general $12,714

  • 23 · Insurance

    total $28,955 · management and general $28,955

  • 24a · Other expenses: Distribution to endowment and trust beneficiaries

    total $2,735,835 · program services $2,735,835

  • 24e · All other expenses

    total $6,707 · management and general $6,707

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,024,257 · end of year $782,577

  • 7 · Other notes and loans receivable

    beginning of year $7,929,577 · end of year $5,249,611

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,713 · end of year $9,857

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

    $126,401

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

    $91,787

  • 10c · Land, buildings and equipment, net

    beginning of year $47,328 · end of year $34,614

  • 11 · Investments: publicly traded securities

    beginning of year $32,040,387 · end of year $41,977,067

  • 15 · Other assets

    beginning of year $477,579 · end of year $482,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,932 · end of year $21,830

  • 18 · Grants payable

    beginning of year $5,097

  • 25 · Other liabilities

    beginning of year $3,084,086 · end of year $2,394,129

  • 27 · Net assets without donor restrictions

    beginning of year $6,415,876 · end of year $8,894,034

  • 28 · Net assets with donor restrictions

    beginning of year $34,024,850 · end of year $37,226,382

Mission and programs · 2023

Mission

Support the ministries of the Methodist church through planned giving services - trusts and endowments

  • Act as trustee for endowments and planned gifts that benefit Methodist ministries in the state of Louisiana. We distributed 2,735,835 in income earned on endowments during 2023. We also maintain donor advised funds that provided program support grants of 228,350 to Methodist ministries in 2023. An additional 80,650 in grants were made from donor advised funds to support local non-profits in 2023.

    Expenses $3,534,789 · Grants $733,484 · Revenue $5,805,133

As filed on the 2023 return.

Listed in Part VII

  • Christopher Spencer

    President

    Total calculated
    $193,622
    From this org
    $193,622
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,622
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $193,622

  • Tracie Wharton

    Controller

    Total calculated
    $146,448
    From this org
    $146,448
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robert Fahey

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Rev JoAnn Cooper

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Sandra Kuykendall

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Omer Davis

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Rev Drew Sutton

    Grants Chair

    Total calculated
    $0
    Hours/week
    3

  • Rev John Robert Black

    At large

    Total calculated
    $0
    Hours/week
    1

  • Nettles Brown

    At large

    Total calculated
    $0
    Hours/week
    1

  • Rev Clifton Conrad

    At large

    Total calculated
    $0
    Hours/week
    1

  • Joe Crouch

    At large

    Total calculated
    $0
    Hours/week
    1

  • Rev Doug DeGraffenried

    At large

    Total calculated
    $0
    Hours/week
    1

  • Drew Kennedy

    At large

    Total calculated
    $0
    Hours/week
    1

  • Robert Kimbro

    At large

    Total calculated
    $0
    Hours/week
    1

  • Eunice LaVigne

    At large

    Total calculated
    $0
    Hours/week
    1

  • Richard Lewis

    At large

    Total calculated
    $0
    Hours/week
    1

  • Troy Searles

    At large

    Total calculated
    $0
    Hours/week
    1

  • Dianne Wilkinson

    At large

    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. 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

  • 2 · Substantiation required before reimbursing expenses
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2024
IRS schema version
2023v5.0
Source object
202401099349300815

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

The source document this was parsed from is served over the API, which is where bulk and document access live.