Skip to content
Nonprofiteer
← METHODIST HOME FOR CHILDREN FOUNDATION

Form 990 for tax year 2023

Filed by METHODIST HOME FOR CHILDREN FOUNDATION.

Totals

Total revenue
$1,468,746
Total expenses
$1,099,901
Contributions and grants received
$220,453
Grants paid
$984,341
Program service revenue
$0
Investment income
$1,248,293
Other revenue
$0
Total assets, end of year
$25,757,757
Total liabilities, end of year
$204,084
Net assets or fund balances, end of year
$25,553,673
Program services expenses (Part IX)
$984,544
Management and general expenses
$115,357
Fundraising expenses
$0
Program service expenses (Part III)
$984,544

Program services were 89.5% 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

    $220,453

  • 3 · Investment income

    total $449,910 · excluded $449,910

  • 7a · Gross sales of assets other than inventory

    securities $984,341

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

    securities $185,958

  • 7c · Gain or loss

    securities $798,383

  • 7d · Net gain or loss

    total $798,383 · excluded $798,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $984,341 · program services $984,341

  • 11f · Fees: investment management

    total $115,357 · management and general $115,357

  • 24a · Other expenses: Miscellaneous

    total $203 · program services $203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,139 · end of year $362,388

  • 12 · Investments: other securities

    beginning of year $22,233,973 · end of year $24,106,968

  • 15 · Other assets

    beginning of year $1,383,921 · end of year $1,288,401

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,500 · end of year $6,021

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $19,197,875 · end of year $19,667,977

  • 28 · Net assets with donor restrictions

    beginning of year $4,459,658 · end of year $5,885,696

Mission and programs · 2023

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 $984,544 · Grants $984,341

As filed on the 2023 return.

Listed in Part VII

  • 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 + 1 related

  • Rick Woods

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Bruce Stanley

    President/CEO

    Total calculated
    $221,906
    From this org
    $0
    From related orgs
    $199,920
    Other
    $21,986
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,920 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,758 related
    Nontaxable benefits
    $0 + $15,228 related
    Filer's total
    $0 + $221,906 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

  • Peter M Williams

    CFO

    Total calculated
    $160,296
    From this org
    $0
    From related orgs
    $147,282
    Other
    $13,014
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,282 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,047 related
    Nontaxable benefits
    $0 + $8,967 related
    Filer's total
    $0 + $160,296 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
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202500309349301235

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.