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Nonprofiteer
← FLORIDA METHODIST FOUNDATION INC

Form 990 for tax year 2022

Filed by FLORIDA METHODIST FOUNDATION INC.

Totals

Total revenue
$5,620,375
Total expenses
$5,851,398
Contributions and grants received
$170,027
Grants paid
$29,670
Program service revenue
$5,474,010
Investment income
-$28,273
Other revenue
$4,611
Total assets, end of year
$262,067,515
Total liabilities, end of year
$249,400,044
Net assets or fund balances, end of year
$12,667,471
Program services expenses (Part IX)
$5,493,076
Management and general expenses
$358,322
Fundraising expenses
$0
Program service expenses (Part III)
$5,493,076

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

  • C RONALD COLEMAN JR

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4.3

  • STEPHEN BELL

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4.3

  • REV DR SHERYL MARKS-WILLIAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    4.3

  • REV LAWRENCE Q BARRINER 063022

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • REV ROBERT BLEDSOE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • KIM CLARKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • MARKITA COOPER 063022

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • BRUCE FORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • WILLIAM FRYE JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • DANIEL S HAGER

    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

  • REV RICHARD NUSSELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • FELIX RIVERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • BEN SIMMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • TAMIKA SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • REV DR DENNIS VLASSIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • REV CESAR VILLAFANA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • JANE ZODY 063022

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4.3

  • REV MARK E BECKER

    PRESIDENT (RETIRED 10/1/2022)

    Total calculated
    $169,668
    From this org
    $106,281
    From related orgs
    $0
    Other
    $63,387
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $106,281
    Bonus
    $0
    Other
    $0
    Deferred
    $37,287
    Nontaxable benefits
    $29,318
    Filer's total
    $172,886

  • EDWARD NEW

    PRINCIPAL OFFICER

    Total calculated
    $106,518
    From this org
    $63,446
    From related orgs
    $0
    Other
    $43,072
    Hours/week
    37.5

  • PAMELA W HICKS

    VICE PRESIDENT

    Total calculated
    $198,605
    From this org
    $166,229
    From related orgs
    $0
    Other
    $32,376
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $166,229
    Bonus
    $0
    Other
    $0
    Deferred
    $20,310
    Nontaxable benefits
    $16,462
    Filer's total
    $203,001

  • REV JOHN PETERSON

    VICE PRESIDENT

    Total calculated
    $192,743
    From this org
    $86,811
    From related orgs
    $0
    Other
    $105,932
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $86,811
    Bonus
    $0
    Other
    $0
    Deferred
    $18,143
    Nontaxable benefits
    $93,128
    Filer's total
    $198,082

  • ANDREW CRASKE

    VICE PRESIDENT

    Total calculated
    $163,223
    From this org
    $128,885
    From related orgs
    $0
    Other
    $34,338
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $128,885
    Bonus
    $0
    Other
    $0
    Deferred
    $16,051
    Nontaxable benefits
    $20,052
    Filer's total
    $164,988

  • ELIZABETH PARHAM

    VICE PRESIDENT

    Total calculated
    $141,674
    From this org
    $119,329
    From related orgs
    $0
    Other
    $22,345
    Hours/week
    37.5

  • MARGARET G COX

    TREASURER

    Total calculated
    $122,687
    From this org
    $106,071
    From related orgs
    $0
    Other
    $16,616
    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, 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

  • 1a · Housing allowance or residence for personal use
  • 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
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 1A
TOTAL COMPENSATION BUDGET FOR ALL EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS. AS PERMITTED BY IRC 107, OFFICERS AND KEY EMPLOYEES WHO ARE "MINISTERS OF THE GOSPEL" MAY DESIGNATE A PORTION OF THEIR COMPENSATION AS A HOUSING ALLOWANCE EXCLUSION FOR THE UPCOMING YEAR. THE DESIGNATION OF COMPENSATON IS APPROVED BY THE BOARD OF DIRECTORS AT A DULY CALLED MEETING. IN 2022, ELIZABETH PARHAM RECEIVED $36,740 OF SEVERANCE PAY.

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
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202302139349300735

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