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← THE METHODIST FOUNDATION FOR ARKANSAS

Form 990 for tax year 2024

Filed by THE METHODIST FOUNDATION FOR ARKANSAS.

Totals

Total revenue
$6,749,250
Total expenses
$3,502,468
Contributions and grants received
$2,425,042
Grants paid
$1,546,384
Program service revenue
$1,282,712
Investment income
$3,041,496
Other revenue
$0
Total assets, end of year
$226,412,419
Total liabilities, end of year
$117,480,507
Net assets or fund balances, end of year
$108,931,912
Program services expenses (Part IX)
$1,546,384
Management and general expenses
$1,568,491
Fundraising expenses
$387,593
Program service expenses (Part III)
$1,546,384

Program services were 44.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,425,042

  • 1g · Noncash contributions included above

    $592,378

  • 2a · Program service revenue: Account service fees

    total $1,282,712 · related or exempt $1,282,712 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,006,316 · related or exempt $0 · unrelated business $0 · excluded $1,006,316

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $6,009,135 · other assets $0

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

    securities $3,973,955 · other assets $0

  • 7c · Gain or loss

    securities $2,035,180 · other assets $0

  • 7d · Net gain or loss

    total $2,035,180 · related or exempt $0 · unrelated business $0 · excluded $2,032,792

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,425,384 · program services $1,425,384

  • 2 · Grants to domestic individuals

    total $121,000 · program services $121,000

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $503,500 · program services $0 · management and general $393,100 · fundraising $110,400

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $535,967 · program services $0 · management and general $446,867 · fundraising $89,100

  • 8 · Pension plan contributions

    total $119,064 · program services $0 · management and general $95,124 · fundraising $23,940

  • 9 · Other employee benefits

    total $72,696 · program services $0 · management and general $58,157 · fundraising $14,539

  • 10 · Payroll taxes

    total $71,748 · program services $0 · management and general $56,486 · fundraising $15,262

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $6,300 · program services $0 · management and general $6,300 · fundraising $0

  • 11c · Fees: accounting

    total $15,750 · program services $0 · management and general $15,750 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $124,846 · program services $0 · management and general $62,423 · fundraising $62,423

  • 13 · Office expenses

    total $64,442 · program services $0 · management and general $64,442 · fundraising $0

  • 14 · Information technology

    total $92,800 · program services $0 · management and general $64,960 · fundraising $27,840

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $112,975 · program services $0 · management and general $112,975 · fundraising $0

  • 17 · Travel

    total $66,133 · program services $0 · management and general $22,044 · fundraising $44,089

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $19,147 · program services $0 · management and general $19,147 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $127,768 · program services $0 · management and general $127,768 · fundraising $0

  • 23 · Insurance

    total $14,148 · program services $0 · management and general $14,148 · fundraising $0

  • 24a · Other expenses: Professional training

    total $8,800 · program services $0 · management and general $8,800 · fundraising $0

  • 24b · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $6,775,123 · end of year $8,665,028

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $4,078,043

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

    $756,355

  • 10c · Land, buildings and equipment, net

    beginning of year $3,422,248 · end of year $3,321,688

  • 11 · Investments: publicly traded securities

    beginning of year $205,641,755 · end of year $213,215,700

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,210,003 · end of year $1,210,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $112,479,188 · end of year $117,480,507

  • 27 · Net assets without donor restrictions

    beginning of year $5,772,743 · end of year $5,990,068

  • 28 · Net assets with donor restrictions

    beginning of year $98,797,198 · end of year $102,941,844

Mission and programs · 2024

Mission

The mission of The Methodist Foundation for Arkansas is to establish and manage charitable funds to strengthen and expand Methodist ministries across Arkansas.

  • Provided funds to the Arkansas Annual Conference of the United Methodist Church and various churches within the Conference for programs advancing the United Methodist Church and its ministries.

    Expenses $417,569 · Grants $417,569

  • Provided funds to Mt. Eagle Retreat Center to further its ministry including campground improvements.

    Expenses $65,000 · Grants $65,000

  • Provided funds to Hendrix College for scholarship funding

    Expenses $50,000 · Grants $50,000

  • Provided funds to various nonprofit entities in an effort to strengthen and expand the relevance of the Methodist Church in Arkansas by providing financial assistance and support for innovative and creative ministries.

    Expenses $1,013,815 · Grants $1,013,815

As filed on the 2024 return.

Listed in Part VII

  • Rev Andrea Cummings

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Dr Debby Fiser

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Rev JJ Galloway

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mr Sam Gibson

    Board of directors - Chairperson

    Total calculated
    $0
    Hours/week
    5

  • Rev Phil Hathcock

    Board of directors - secretary

    Total calculated
    $0
    Hours/week
    0

  • Mr Bert Kell

    Board of directors - vice chairperson

    Total calculated
    $0
    Hours/week
    0

  • Mr Bill Kincaid

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mr Eddie Martin

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Rev Ronnie Miller-Yow

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mr Gary Nutter

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Ms Loria Oliver

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mrs Jill Penick

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mrs Jan Pugh

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Rev Bud Reeves

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Rev Judy Rudd

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mr Steve Shults

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Mr Dewitt Smith

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Dr Calvin White

    Board of directors

    Total calculated
    $0
    Hours/week
    0

  • Rev J Wayne Clark

    President and CEO

    Total calculated
    $261,103
    From this org
    $220,500
    From related orgs
    $0
    Other
    $40,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,500
    Bonus
    $0
    Other
    $0
    Deferred
    $26,460
    Nontaxable benefits
    $14,143
    Filer's total
    $261,103

  • Mr Clarence E Trice

    Senior Vice President and CFO

    Total calculated
    $208,510
    From this org
    $172,600
    From related orgs
    $0
    Other
    $35,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,600
    Bonus
    $0
    Other
    $0
    Deferred
    $20,712
    Nontaxable benefits
    $15,098
    Filer's total
    $208,410

  • Rev Lynn Kilbourne

    Director of Development

    Total calculated
    $130,214
    From this org
    $110,400
    From related orgs
    $0
    Other
    $19,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,400
    Bonus
    $0
    Other
    $0
    Deferred
    $13,248
    Nontaxable benefits
    $6,566
    Filer's total
    $130,214

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

  • 2 · Substantiation required before reimbursing expenses
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349306535

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