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← ST PAULS METHODIST FOUNDATION OF HOUSTON

Form 990 for tax year 2024

Filed by ST PAULS METHODIST FOUNDATION OF HOUSTON.

Totals

Total revenue
$2,679,219
Total expenses
$1,347,326
Contributions and grants received
$834,623
Grants paid
$1,147,262
Program service revenue
$0
Investment income
$1,844,596
Other revenue
$0
Total assets, end of year
$32,078,136
Total liabilities, end of year
$6,118
Net assets or fund balances, end of year
$32,072,018
Program services expenses (Part IX)
$1,147,262
Management and general expenses
$165,498
Fundraising expenses
$34,566
Program service expenses (Part III)
$1,147,262

Program services were 85.2% 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.

  • 1d · Related organizations

    $30,000

  • 1f · All other contributions, gifts and grants

    $804,623

  • 3 · Investment income

    total $1,196,717 · excluded $1,196,717

  • 7a · Gross sales of assets other than inventory

    securities $1,873,975

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

    securities $1,226,096

  • 7c · Gain or loss

    securities $647,879

  • 7d · Net gain or loss

    total $647,879 · excluded $647,879

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,019,617 · program services $1,019,617

  • 2 · Grants to domestic individuals

    total $127,645 · program services $127,645

  • 5 · Compensation of officers, directors and key employees

    total $45,000 · management and general $27,000 · fundraising $18,000

  • 7 · Other salaries and wages

    total $36,250 · management and general $21,750 · fundraising $14,500

  • 11c · Fees: accounting

    total $14,800 · management and general $14,800

  • 11f · Fees: investment management

    total $64,027 · management and general $64,027

  • 13 · Office expenses

    total $23,773 · management and general $21,707 · fundraising $2,066

  • 14 · Information technology

    total $14,283 · management and general $14,283

  • 19 · Conferences, conventions and meetings

    total $1,321 · management and general $1,321

  • 23 · Insurance

    total $610 · management and general $610

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $365,301 · end of year $122,813

  • 3 · Pledges and grants receivable

    beginning of year $44,620 · end of year $514,688

  • 4 · Accounts receivable

    beginning of year $3,217

  • 11 · Investments: publicly traded securities

    beginning of year $29,343,581 · end of year $31,419,558

  • 12 · Investments: other securities

    beginning of year $33,778 · end of year $21,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,080 · end of year $6,118

  • 27 · Net assets without donor restrictions

    beginning of year $433,726 · end of year $408,264

  • 28 · Net assets with donor restrictions

    beginning of year $29,353,691 · end of year $31,663,754

Mission and programs · 2024

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 $809,923 · Grants $809,923

  • The Foundation awarded scholarship grants to students pursuing higher education degrees.

    Expenses $127,645 · Grants $127,645

  • The Foundation awarded grants to organizations that support various areas of interest such as missions, pastoral care, senior citizens, children's issues, and lectureships.

    Expenses $209,694 · Grants $209,694

As filed on the 2024 return.

Listed in Part VII

  • Arlene Wells

    President

    Total calculated
    $0
    Hours/week
    2

  • Mindy Riseden

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Laura Morris

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Robert Brown

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Leah Barton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Cavenaugh

    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

  • Linda Klemm

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Mays

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff McDonald

    Director, Senior Minister

    Total calculated
    $262,197
    From this org
    $0
    From related orgs
    $142,023
    Other
    $120,174
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,123 related
    Bonus
    $0
    Other
    $0 + $900 related
    Deferred
    $0 + $26,297 related
    Nontaxable benefits
    $0 + $93,877 related
    Filer's total
    $0 + $262,197 related

  • Heather Powers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andrew Roff

    Life Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Walzel

    Life Member

    Total calculated
    $0
    Hours/week
    1

  • John Watson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Beth Wiggins

    Life Member

    Total calculated
    $0
    Hours/week
    1

  • Johanna Wolfe

    Executive Director

    Total calculated
    $45,000
    From this org
    $45,000
    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

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
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202503209349302155

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