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Nonprofiteer
← METHODIST HOME FOR CHILDREN FOUNDATION

Form 990 for tax year 2022

Filed by METHODIST HOME FOR CHILDREN FOUNDATION.

Totals

Total revenue
$1,426,860
Total expenses
$1,164,167
Contributions and grants received
$995,723
Grants paid
$1,045,424
Program service revenue
$0
Investment income
$431,137
Other revenue
$0
Total assets, end of year
$23,663,033
Total liabilities, end of year
$5,500
Net assets or fund balances, end of year
$23,657,533
Program services expenses (Part IX)
$1,046,196
Management and general expenses
$117,971
Fundraising expenses
$0
Program service expenses (Part III)
$1,046,196

Program services were 89.9% 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

    $995,723

  • 3 · Investment income

    total $382,605 · excluded $382,605

  • 7a · Gross sales of assets other than inventory

    securities $1,514,773

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

    securities $1,466,241

  • 7c · Gain or loss

    securities $48,532

  • 7d · Net gain or loss

    total $48,532 · excluded $48,532

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,045,424 · program services $1,045,424

  • 11f · Fees: investment management

    total $117,971 · management and general $117,971

  • 24a · Other expenses: Miscellaneous

    total $772 · program services $772

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,641 · end of year $45,139

  • 12 · Investments: other securities

    beginning of year $20,928,065 · end of year $22,233,973

  • 15 · Other assets

    beginning of year $810,579 · end of year $1,383,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,709 · end of year $5,500

  • 25 · Other liabilities

    beginning of year $27,183 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,598,991 · end of year $19,197,875

  • 28 · Net assets with donor restrictions

    beginning of year $4,118,402 · end of year $4,459,658

Mission and programs · 2022

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 $1,046,196 · Grants $1,045,424

As filed on the 2022 return.

Listed in Part VII

  • Jessica Vickers

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martha Walston

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marcus Green

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Thomas

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Arthur Guy

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rick Woods

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erik Ross

    Member at Large

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Bruce Stanley

    President/CEO

    Total calculated
    $201,611
    From this org
    $0
    From related orgs
    $172,394
    Other
    $29,217
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,394 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,034 related
    Nontaxable benefits
    $0 + $23,183 related
    Filer's total
    $0 + $201,611 related

  • Katherine Edmiston

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cady Thomas

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter M Williams

    CFO

    Total calculated
    $146,952
    From this org
    $0
    From related orgs
    $135,129
    Other
    $11,823
    Hours/week
    1 + 50 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

  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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

The filer's explanations (Part III)

Part I, Line 3
Rev. Bruce Stanley is not compensated by the Foundation, but is compensated by its related organization, Methodist Home for Children, Inc., who determines compensation using a compensation committee, Form 990 of other organizations, a written employment contract, compensation surveys and studies, and approval by the board or compensation committee.

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
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202410399349301586

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