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Nonprofiteer
← METHODIST HOME FOR CHILDREN FOUNDATION

Form 990 for tax year 2024

Filed by METHODIST HOME FOR CHILDREN FOUNDATION.

Totals

Total revenue
$3,112,434
Total expenses
$1,303,800
Contributions and grants received
$1,067,857
Grants paid
$1,112,768
Program service revenue
$0
Investment income
$2,044,577
Other revenue
$0
Total assets, end of year
$28,109,021
Total liabilities, end of year
$6,875
Net assets or fund balances, end of year
$28,102,146
Program services expenses (Part IX)
$1,112,768
Management and general expenses
$191,032
Fundraising expenses
$0
Program service expenses (Part III)
$1,112,768

Program services were 85.3% 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

    $1,067,857

  • 3 · Investment income

    total $576,722 · excluded $576,722

  • 7a · Gross sales of assets other than inventory

    securities $1,467,855

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

    securities $0

  • 7c · Gain or loss

    securities $1,467,855

  • 7d · Net gain or loss

    total $1,467,855 · excluded $1,467,855

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,112,768 · program services $1,112,768

  • 11f · Fees: investment management

    total $190,830 · management and general $190,830

  • 24a · Other expenses: Miscellaneous

    total $202 · management and general $202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $362,388 · end of year $64,505

  • 12 · Investments: other securities

    beginning of year $24,106,968 · end of year $26,557,814

  • 15 · Other assets

    beginning of year $1,288,401 · end of year $1,486,702

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,021 · end of year $6,875

  • 25 · Other liabilities

    beginning of year $198,063 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $19,667,977 · end of year $19,929,910

  • 28 · Net assets with donor restrictions

    beginning of year $5,885,696 · end of year $8,172,236

Mission and programs · 2024

Mission

To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. by carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc.

Activities or mission (Part I)

Supporting organization for the benefit of The Methodist Home for Children, Inc.

  • Support of The Methodist Home for Children, Inc. Operations

    Expenses $1,112,768 · Grants $1,112,768

As filed on the 2024 return.

Listed in Part VII

  • Paul Thomas

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Arthur Guy

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rick Woods

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katherine Edmiston

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cady Thomas

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Katie Clayton

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Coleman

    Member at Large

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Gripman

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kent Locklear

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Ben Williams

    President/CEO (from August '25 - fiscal year)

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • Jessica Lang

    VP Finance/CFO (from October '24)

    Total calculated
    $38,721
    From this org
    $0
    From related orgs
    $38,721
    Other
    $0
    Hours/week
    1 + 50 related

  • Rev Bruce Stanley

    President/CEO (through June '25)

    Total calculated
    $215,767
    From this org
    $0
    From related orgs
    $186,081
    Other
    $29,686
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,081 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,238 related
    Nontaxable benefits
    $0 + $23,448 related
    Filer's total
    $0 + $215,767 related

  • Peter M Williams

    VP Finance/CFO (through December '24)

    Total calculated
    $191,872
    From this org
    $0
    From related orgs
    $180,120
    Other
    $11,752
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,120 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,642 related
    Nontaxable benefits
    $0 + $8,110 related
    Filer's total
    $0 + $191,872 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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 December 2025
IRS schema version
2024v5.2
Source object
202640139349300119

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