Civic Intelligence

Grace United Methodist Foundation Inc.

990 • Fiscal year 2021 • EIN 35-1576272

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 05, 2022

Organization Profile
615 N 22nd StLafayette, IN 47904-2620

(765) 447-4152

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

59th percentile

18%

Higher net margin than 59% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

44th percentile

6.5%

Faster asset growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

90%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$781,841

Up $47,663 (+6.5%) from 2020

Net Assets

Up

$781,841

Up $47,663 (+6.5%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin59th percentile

Revenue

Up

$43,942

Up $20,773 (+90%) from 2020

Expenses

Down

$36,043

Down $1,789 (-4.7%) from 2020

Net Income

Up

$7,899

Up $22,562 (+154%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2014: $605,793Liabilities 2014: $0Net Assets 2014: $605,7932014Assets 2015: $586,916Liabilities 2015: $0Net Assets 2015: $586,9162015Assets 2017: $696,742Liabilities 2017: $0Net Assets 2017: $696,7422017Assets 2018: $662,559Liabilities 2018: $0Net Assets 2018: $662,5592018Assets 2019: $711,531Liabilities 2019: $0Net Assets 2019: $711,5312019Assets 2020: $734,178Liabilities 2020: $0Net Assets 2020: $734,1782020Assets 2021: $781,841Liabilities 2021: $0Net Assets 2021: $781,8412021Assets 2022: $836,169Liabilities 2022: $0Net Assets 2022: $836,1692022Assets 2024: $857,927Liabilities 2024: $0Net Assets 2024: $857,9272024

Highlighted filing

2021

Assets$781,841
Liabilities$0
Net Assets$781,841
Open 2021 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KRevenue 2014: $23,443Expenses 2014: $36,865Net Income 2014: -$13,4222014Revenue 2015: $7,635Expenses 2015: $13,747Net Income 2015: -$6,1122015Revenue 2017: $31,644Expenses 2017: $25,607Net Income 2017: $6,0372017Revenue 2018: $27,755Expenses 2018: $32,250Net Income 2018: -$4,4952018Revenue 2019: $35,095Expenses 2019: $53,037Net Income 2019: -$17,9422019Revenue 2020: $23,169Expenses 2020: $37,832Net Income 2020: -$14,6632020Revenue 2021: $43,942Expenses 2021: $36,043Net Income 2021: $7,8992021Revenue 2022: $203,065Expenses 2022: $36,397Net Income 2022: $166,6682022Revenue 2024: $21,005Expenses 2024: $143,308Net Income 2024: -$122,3032024

Highlighted filing

2021

Revenue$43,942
Expenses$36,043
Net Income$7,899
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 5, 2022
Return Version
2021v4.0
Gross Receipts
$95,556
Mission and Program Overview

Mission

To manage funds and long term investments for the local church - grace united methodist, lafayette, in

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$555,572$590,994▲ $35,422
Land, Buildings, and Equipment, Net$160,863$160,863→ $0
Savings and Temporary Cash Investments$17,739$29,977▲ $12,238
Cash and Non-Interest-Bearing Accounts$4$7▲ $3
Total Assets$734,178$781,841▲ $47,663
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$722,946$770,609▲ $47,663
Net Assets With Donor Restrictions$11,232$11,232→ $0
Total Net Assets Fund Balance$734,178$781,841▲ $47,663
Total Liabilities and Net Assets / Fund Balance$734,178$781,841▲ $47,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$160,863--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Doug CurryPresident
Connie WashburnDirector
Lynn CheesmanDirector
Ned SwansoonDirector
Scott SchultzDirector
Wanda MillerDirector
Bill FieldingSecretary
Maurice DenneyTreasurer
Jim AllenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$7,450
Program Service Revenue
$0
Investment Income
$27,607
Other Revenue
$8,885
All Other Contributions
$7,450
Change in Net Assets
$7,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,237
Other Expenses$5,806
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,237--$30,237
Fees for Service Investment Mgmnt Fees-$4,346-$4,346
Fees for Services Accounting-$1,460-$1,460
Total Functional Expenses$30,237$5,806$0$36,043
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grace United Methodist ChurchLafayette, IN501c3Support Activities$30,237
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The president reviews the completed form 990 along with the attorney for the foundation, who is also a board member. The entire board is given the opportunity to review the completed form at its regular board meeting.”

Form 990, Page 6, Part VI, Line 19

“The foundation conducts itself for the benefit of the local church, grace united methodist church, lafayette, indiana. Funds and long term investments are managed for the benefit of the church. All governing documents and financial statements are available for inspection by the public and specifically to the members of the local church at any time by contacting the president of the board or the local church office.”

Filing and Contact Details

Filer

Filer Name
Grace United Methodist
EIN
35-1576272
Phone
7654474152
Address
615 N 22ND ST, LAFAYETTE, IN 47904-2620

Signing Officer

Name
Doug Curry
Title
President
Signed
2022-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Curry
Formed
1983
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Heman Lawson Hawks Llp
Address
2549 YEAGER ROAD SUITE 190, WEST LAFAYETTE, IN 47906
Preparer
Lora L Bramer CPA
Phone
7654635566
Raw XML Appendix309 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT REVIEWS THE COMPLETED FORM 990 ALONG WITH THE ATTORNEY FOR THE FOUNDATION, WHO IS ALSO A BOARD MEMBER. THE ENTIRE BOARD IS GIVEN THE OPPORTUNITY TO REVIEW THE COMPLETED FORM AT ITS REGULAR BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION CONDUCTS ITSELF FOR THE BENEFIT OF THE LOCAL CHURCH, GRACE UNITED METHODIST CHURCH, LAFAYETTE, INDIANA. FUNDS AND LONG TERM INVESTMENTS ARE MANAGED FOR THE BENEFIT OF THE CHURCH. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC AND SPECIFICALLY TO THE MEMBERS OF THE LOCAL CHURCH AT ANY TIME BY CONTACTING THE PRESIDENT OF THE BOARD OR THE LOCAL CHURCH OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351756461
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HEMAN LAWSON HAWKS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02549 YEAGER ROAD SUITE 190
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST LAFAYETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047906
ReturnHeader/PreparerPersonGrp/PhoneNum07654635566
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORA L BRAMER CPA
ReturnHeader/ReturnTs02022-11-15T12:23:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROGER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATTISON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$781,841
Liabilities
$0
Net assets
$781,841
Revenue
$43,942
Expenses
$36,043
Net income
$7,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.58$0.00$8.58$0.21$1.43$1.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.36$0.00$8.36$2.03$0.36$1.67
2021Detailed filing. Detailed filing data is available for this year.$7.82$0.00$7.82$0.44$0.36$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.34$0.00$7.34$0.23$0.38$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.12$0.00$7.12$0.35$0.53$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$0.00$6.63$0.28$0.32$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.97$0.00$6.97$0.32$0.26$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.87$0.00$5.87$0.08$0.14$0.06
2014Detailed filing. Detailed filing data is available for this year.$6.06$0.00$6.06$0.23$0.37$0.13