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Nonprofiteer
← METROPOLITAN MINISTRIES FOUNDATION INC

Form 990 for tax year 2023

Filed by METROPOLITAN MINISTRIES FOUNDATION INC.

Totals

Total revenue
$5,510,188
Total expenses
$1,023,195
Contributions and grants received
$4,909,284
Grants paid
$0
Program service revenue
$0
Investment income
$600,904
Other revenue
$0
Total assets, end of year
$26,936,060
Total liabilities, end of year
$5,909,036
Net assets or fund balances, end of year
$21,027,024
Program services expenses (Part IX)
$886,992
Management and general expenses
$136,203
Fundraising expenses
$0
Program service expenses (Part III)
$886,992

Program services were 86.7% 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

    $4,909,284

  • 3 · Investment income

    total $600,904 · excluded $600,904

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $124,338 · program services $74,603 · management and general $49,735

  • 7 · Other salaries and wages

    total $80,099 · program services $48,059 · management and general $32,040

  • 8 · Pension plan contributions

    total $3,082 · program services $1,849 · management and general $1,233

  • 9 · Other employee benefits

    total $5,860 · program services $3,516 · management and general $2,344

  • 10 · Payroll taxes

    total $15,954 · program services $9,572 · management and general $6,382

  • 11f · Fees: investment management

    total $43,070 · management and general $43,070

  • 11g · Fees: other

    total $52,145 · program services $52,145

  • 13 · Office expenses

    total $299 · program services $180 · management and general $119

  • 16 · Occupancy

    total $3,200 · program services $1,920 · management and general $1,280

  • 17 · Travel

    total $240 · program services $240

  • 24a · Other expenses: CONTRIBUTION EXPENSE

    total $680,139 · program services $680,139

  • 24b · Other expenses: PROGRAMMATIC MATERIALS

    total $3,484 · program services $3,484

  • 24c · Other expenses: PROGRAM & DONOR DEVELOP

    total $3,291 · program services $3,291

  • 24e · All other expenses

    total $7,994 · program services $7,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,065,547 · end of year $541,328

  • 3 · Pledges and grants receivable

    end of year $1,473,156

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

    $4,165

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

    $4,165

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $20,119,961 · end of year $24,921,576

  • 15 · Other assets

    beginning of year $112,355 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,928 · end of year $7,353

  • 25 · Other liabilities

    beginning of year $6,039,848 · end of year $5,901,683

  • 27 · Net assets without donor restrictions

    beginning of year $15,253,087 · end of year $21,027,024

Mission and programs · 2023

Mission

METROPOLITAN MINISTRIES FOUNDATION, INC.'S MISSION IS TO ACHIEVE SUSTAINABLE SUPPORT FOR THE FURTHERANCE OF METROPOLITAN MINISTRIES

Activities or mission (Part I)

TO ACT AS A SUPPORTING ORGANIZATION OF METROPOLITAN MINISTRIES, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION.

  • TO RAISE AND ADMINISTER CHARITABLE SUPPORT TO BENEFIT THE PROGRAMS AND SERVICES OF METROPOLITAN MINISTRIES, INC. TO INCLUDE THE STATED MISSION OF CARING FOR THE HOMELESS AND THOSE AT RISK OF BECOMING HOMELESS BY PROVIDING SERVICES THAT ALLEVIATE SUFFERING, PROMOTE DIGNITY, AND INSTILL SELF SUFFICIENCY AS AN EXPRESSION OF THE ONGOING MINISTRY OF JESUS CHRIST.

    Expenses $886,992

As filed on the 2023 return.

Listed in Part VII

  • DR MARTIN SILBIGER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BASHAM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID REDMOND

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PRESTON FARRIOR

    MM BOARD LIAISON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ELIZABETH FOWLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY WAGNER

    CFO

    Total calculated
    $164,678
    From this org
    $0
    From related orgs
    $144,512
    Other
    $20,166
    Hours/week
    1 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,512 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,217 related
    Nontaxable benefits
    $0 + $13,949 related
    Filer's total
    $0 + $164,678 related

  • MOLLY JAMES

    CEO

    Total calculated
    $124,665
    From this org
    $0
    From related orgs
    $124,338
    Other
    $327
    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. 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 · Compensation committee
  • 3 · Compensation survey or study
  • 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

No itemized grants to organizations 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
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202520449349301497

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