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← ST PAULS METHODIST FOUNDATION OF HOUSTON

Form 990 for tax year 2022

Filed by ST PAULS METHODIST FOUNDATION OF HOUSTON.

Totals

Total revenue
$5,792,528
Total expenses
$1,529,745
Contributions and grants received
$3,430,480
Grants paid
$1,356,369
Program service revenue
$0
Investment income
$2,362,048
Other revenue
$0
Total assets, end of year
$26,529,347
Total liabilities, end of year
$2,059
Net assets or fund balances, end of year
$26,527,288
Program services expenses (Part IX)
$1,356,369
Management and general expenses
$143,576
Fundraising expenses
$29,800
Program service expenses (Part III)
$1,356,369

Program services were 88.7% 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

    $3,430,480

  • 3 · Investment income

    total $743,831 · excluded $743,831

  • 7a · Gross sales of assets other than inventory

    securities $6,962,581

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

    securities $5,344,364

  • 7c · Gain or loss

    securities $1,618,217

  • 7d · Net gain or loss

    total $1,618,217 · excluded $1,618,217

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,248,869 · program services $1,248,869

  • 2 · Grants to domestic individuals

    total $107,500 · program services $107,500

  • 5 · Compensation of officers, directors and key employees

    total $33,058 · management and general $19,835 · fundraising $13,223

  • 7 · Other salaries and wages

    total $31,942 · management and general $19,165 · fundraising $12,777

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 11f · Fees: investment management

    total $59,058 · management and general $59,058

  • 11g · Fees: other

    total $15,000 · management and general $15,000

  • 13 · Office expenses

    total $13,635 · management and general $9,835 · fundraising $3,800

  • 14 · Information technology

    total $9,257 · management and general $9,257

  • 19 · Conferences, conventions and meetings

    total $1,068 · management and general $1,068

  • 23 · Insurance

    total $1,358 · management and general $1,358

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,650 · end of year $11,900

  • 2 · Savings and temporary cash investments

    beginning of year $394,772 · end of year $196,743

  • 3 · Pledges and grants receivable

    beginning of year $15,000 · end of year $1,125,100

  • 11 · Investments: publicly traded securities

    beginning of year $28,737,978 · end of year $25,161,826

  • 12 · Investments: other securities

    beginning of year $33,778 · end of year $33,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,530 · end of year $2,059

  • 27 · Net assets without donor restrictions

    beginning of year $495,474 · end of year $422,345

  • 28 · Net assets with donor restrictions

    beginning of year $28,698,174 · end of year $26,104,943

Mission and programs · 2022

Mission

To provide financial support to St. Paul's United Methodist Church in Houston, TX.

Activities or mission (Part I)

To support St. Paul's United Methodist Church in Houston, TX.

  • The Foundation makes grants to its supported organization, St. Paul's United Methodist Church in Houston, TX.

    Expenses $1,039,725 · Grants $1,039,725

  • The Foundation awarded scholarship grants of $107,500 in 2022.

    Expenses $107,500 · Grants $107,500

  • The Foundation also makes grants to other organizations that support various areas of interest such as missions, pastoral care, senior citizens, and lectureships.

    Expenses $209,144 · Grants $209,144

As filed on the 2022 return.

Listed in Part VII

  • Andrew Roff

    President

    Total calculated
    $0
    Hours/week
    2

  • Arlene Wells

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Laura Morris

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth B Wiggins

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Leah Barton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kyle Frazier

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Hawkins

    Life Member

    Total calculated
    $0
    Hours/week
    1

  • Fred Hofheinz

    Life Member

    Total calculated
    $0
    Hours/week
    1

  • Bill Maines

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Mays

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff McDonald

    Director, Senior Minister

    Total calculated
    $218,368
    From this org
    $0
    From related orgs
    $127,722
    Other
    $90,646
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,722 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,600 related
    Nontaxable benefits
    $0 + $87,046 related
    Filer's total
    $0 + $218,368 related

  • Heather Powers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mindy Riseden

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Walzel

    Life Member

    Total calculated
    $0
    Hours/week
    1

  • Johanna Wolfe

    Executive Director

    Total calculated
    $33,058
    From this org
    $33,058
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

  • 3 · Written employment contract
  • 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.

  • St Paul's United Methodist Church

    501(c)(3) · Church · TX

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349310478

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