Form 990 for tax year 2024
Filed by FLORIDA METHODIST FOUNDATION INC.
Totals
- Total revenue
- $9,484,613
- Total expenses
- $8,882,580
- Contributions and grants received
- $86,898
- Grants paid
- $82,900
- Program services expenses (Part IX)
- $8,342,043
- Management and general expenses
- $540,537
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,342,043
Program services were 93.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
RON COLEMAN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 4.3
-
BRUCE FORD
VICE CHAIRPERSON - AS OF 7/24
- Total calculated
- $0
- Hours/week
- 4.3
-
STEPHEN BELL
VICE CHAIRPERSON - THRU 6/24
- Total calculated
- $0
- Hours/week
- 4.3
-
REV SHERYL MARKS-WILLIAMS
SECRETARY
- Total calculated
- $0
- Hours/week
- 4.3
-
REV ROBERT BLEDSOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
AMANDA BLOUNT
BOARD MEMBER - AS OF 6/24
- Total calculated
- $0
- Hours/week
- 4.3
-
KIM CLARKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
BILL FRYE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
LARRY HANNAH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
JERRY HARALSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
EMMA HARMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
JOSEPH HURT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
PHYLLIS KLOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
RICHARD NUSSEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
JAMES PREVITE
BOARD MEMBER - AS OF 6/24
- Total calculated
- $0
- Hours/week
- 4.3
-
FELIX RIVERA
BOARD MEMBER - THRU 9/24
- Total calculated
- $0
- Hours/week
- 4.3
-
BEN SIMMONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
CESAR VILLAFANA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
DENNIS VLASSIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4.3
-
REV EDWARD NEW
PRESIDENT & CEO
- Total calculated
- $250,595
- From this org
- $135,062
- From related orgs
- $0
- Other
- $115,533
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $122,730
- Bonus
- $1,000
- Other
- $11,332
- Deferred
- $23,681
- Nontaxable benefits
- $91,852
- Filer's total
- $250,595
-
PAMELA HICKS
VICE PRESIDENT - THRU 5/24
- Total calculated
- $194,129
- From this org
- $157,414
- From related orgs
- $0
- Other
- $36,715
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $156,246
- Bonus
- $1,168
- Other
- $0
- Deferred
- $19,312
- Nontaxable benefits
- $17,403
- Filer's total
- $194,129
-
ANDREW CRASKE
VICE PRESIDENT
- Total calculated
- $165,124
- From this org
- $134,085
- From related orgs
- $0
- Other
- $31,039
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $132,920
- Bonus
- $1,142
- Other
- $23
- Deferred
- $16,513
- Nontaxable benefits
- $14,526
- Filer's total
- $165,124
-
MARGARET COX
CFO
- Total calculated
- $151,010
- From this org
- $130,367
- From related orgs
- $0
- Other
- $20,643
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $124,146
- Bonus
- $6,221
- Other
- $0
- Deferred
- $15,884
- Nontaxable benefits
- $4,759
- Filer's total
- $151,010
-
ELENA NICHOLAS
DIR. OF DEVELOPMENT - AS OF 4/24
- Total calculated
- $132,904
- From this org
- $100,805
- From related orgs
- $0
- Other
- $32,099
- Hours/week
- 37.5
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 — 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 · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
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
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE FLORIDA UNITED METHODIST FOUNDATION DOES NOT PROVIDE HOUSING FOR METHODIST MINISTERS. AS PER SECTION 107 OF IRSC (1986), ORDAINED METHODIST MINISTERS ARE ALLOWED TO EXCLUDE FROM THEIR GROSS INCOME THE RENTAL VALUE OF A HOME. THE HOUSING ALLOWANCE EXCLUSIONS ARE APPROVED BY THE FULL BOARD. IN MAY 2023, THE FOUNDATION JOINED GRASSLANDS GOLF & COUNTRY CLUB. THIS IS A CORPORATE MEMBERSHIP AND REV. EDWARD NEW IS THE INITIAL USER FOR THE MEMBERSHIP PRIVILEGES. REV. NEW PICKED UP A PRO RATA SHARE OF THE TOTAL FEES PAID IN 2024 BY THE FOUNDATION. THIS AMOUNT WAS LISTED ON HIS W-2.
- PART I, LINE 6
- DURING 2024, THE ORGANIZATION ACCRUED COMPENSATION CONTINGENT ON THE NET EARNINGS OF THE ORGANIZATION ON BEHALF OF THE CFO.
- PART I, LINE 7
- DURING 2024, THE ORGANIZATION PAID OR ACCRUED COMPENSATION CONTINGENT ON THE SUCCESSFUL IMPLEMENTATION OF SOFTWARE AND UTILIZE STAFF TO CRAFT SYSTEMS MAP AND/OR IMPLEMENTATION OF A HUMAN RESOURCES PROCESS ON BEHALF OF THE CFO. DURING 2024, THE ORGANIZATION PAID OR ACCRUED COMPENSATION CONTINGENT ON EFFECTIVE UTILIZATION OF FUNDRAISING SOFTWARE, FUND DEPOSIT LEVELS, EFFECTIVE QUALITY VISIT COUNT, AND/OR COMPLETION OF DEVELOPMENT TEAM RESPONSIBILITIES ON BEHALF OF THE DIRECTOR OF DEVELOPMENT.
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
-
BELL ENDOWED CAMPING SCHOLARSHIP FUND
-
PROVIDE CONSTIUTENT SOFTWARE
-
$6,000
FUNDING FOR DOCUMENTARY
-
$6,000
FUNDING MISSION TRIP IN COSTA RICA
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.
-
FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH
501(C)(3) · SUPPORT UNITED METHODIST CONGREGATIONS AND THEIR LAY AND CLERGY LEADERS · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501689349301100
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