Civic Intelligence

United Methodist Foundation of West Virginia Inc.

990 • Fiscal year 2017 • EIN 55-0545643

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

PO ox 3811Charleston, WV 25338

(304) 342-2113

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.42x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

13.54x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

5th percentile

$136,048

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

61st percentile

8.5%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

57%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$100,451,279

Up $7,899,452 (+8.5%) from 2016

Net Assets

Up

$58,066,207

Up $5,453,208 (+10%) from 2016

Liabilities

Up

$42,385,072

Up $2,446,244 (+6.1%) from 2016

Revenue

Up

$3,131,140

Up $1,137,265 (+57%) from 2016

Expenses

Up

$2,564,127

Up $172,039 (+7.2%) from 2016

Net Income

Up

$567,013

Up $965,226 (+242%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $54,707,932Liabilities 2011: $27,861,108Net Assets 2011: $26,846,8242011Assets 2012: $60,329,039Liabilities 2012: $30,430,851Net Assets 2012: $29,898,1882012Assets 2013: $85,406,896Liabilities 2013: $35,047,817Net Assets 2013: $50,359,0792013Assets 2014: $88,841,917Liabilities 2014: $36,231,322Net Assets 2014: $52,610,5952014Assets 2015: $87,456,075Liabilities 2015: $36,535,604Net Assets 2015: $50,920,4712015Assets 2016: $92,551,827Liabilities 2016: $39,938,828Net Assets 2016: $52,612,9992016Assets 2017: $100,451,279Liabilities 2017: $42,385,072Net Assets 2017: $58,066,2072017Assets 2018: $96,045,728Liabilities 2018: $40,277,151Net Assets 2018: $55,768,5772018Assets 2019: $111,808,444Liabilities 2019: $47,694,693Net Assets 2019: $64,113,7512019Assets 2020: $128,621,806Liabilities 2020: $54,305,144Net Assets 2020: $74,316,6622020Assets 2021: $146,376,635Liabilities 2021: $65,538,292Net Assets 2021: $80,838,3432021Assets 2022: $121,404,337Liabilities 2022: $55,479,846Net Assets 2022: $65,924,4912022Assets 2023: $140,916,015Liabilities 2023: $68,599,977Net Assets 2023: $72,316,0382023Assets 2024: $148,939,766Liabilities 2024: $73,291,874Net Assets 2024: $75,647,8922024

Highlighted filing

2017

Assets$100,451,279
Liabilities$42,385,072
Net Assets$58,066,207

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $1,799,401Expenses 2011: $830,567Net Income 2011: $968,8342011Revenue 2012: $1,763,799Expenses 2012: $1,095,770Net Income 2012: $668,0292012Revenue 2013: $20,404,629Expenses 2013: $1,593,242Net Income 2013: $18,811,3872013Revenue 2014: $7,085,099Expenses 2014: $1,656,873Net Income 2014: $5,428,2262014Revenue 2015: $2,665,942Expenses 2015: $2,314,297Net Income 2015: $351,6452015Revenue 2016: $1,993,875Expenses 2016: $2,392,088Net Income 2016: -$398,2132016Revenue 2017: $3,131,140Expenses 2017: $2,564,127Net Income 2017: $567,0132017Revenue 2018: $4,987,299Expenses 2018: $2,540,928Net Income 2018: $2,446,3712018Revenue 2019: $9,281,172Expenses 2019: $3,117,405Net Income 2019: $6,163,7672019Revenue 2020: $4,318,223Expenses 2020: $2,818,618Net Income 2020: $1,499,6052020Revenue 2021: $7,346,226Expenses 2021: $3,102,343Net Income 2021: $4,243,8832021Revenue 2022: $3,394,616Expenses 2022: $3,429,847Net Income 2022: -$35,2312022Revenue 2023: $3,702,551Expenses 2023: $3,489,208Net Income 2023: $213,3432023Revenue 2024: $4,642,697Expenses 2024: $3,569,024Net Income 2024: $1,073,6732024

Highlighted filing

2017

Revenue$3,131,140
Expenses$2,564,127
Net Income$567,013
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$3,131,140
Mission and Program Overview

Mission

Our mission is to serve United Methodist individuals, families, local churches and conference-related ministries by raising, managing and distributing funds to benefit United Methodist ministry.

To serve United Methodist Individuals Families and Churches by raising funds to benefit United Methodist ministry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$83,577,309$99,369,985▲ $15,792,676
Cash and Non-Interest-Bearing Accounts$1,162,750$936,609▼ $226,141
Investments in Publicly Traded Securities$7,786,784$102,731▼ $7,684,053
Land, Buildings, and Equipment, Net$19,804$41,954▲ $22,150
Prepaid Expenses and Deferred Charges$5,180--
Total Assets$92,551,827$100,451,279▲ $7,899,452
Liabilities
Escrow Account Liability$36,751,877$38,998,786▲ $2,246,909
Other Liabilities$3,185,705$3,386,286▲ $200,581
Accounts Payable and Accrued Expenses$1,246--
Total Liabilities$39,938,828$42,385,072▲ $2,446,244
Net Assets / Fund Balance
Permanently Rstr Net Assets$38,147,760$38,757,358▲ $609,598
Temporarily Rstr Net Assets$11,538,837$15,352,629▲ $3,813,792
Unrestricted Net Assets$2,926,402$3,956,220▲ $1,029,818
Total Net Assets Fund Balance$52,612,999$58,066,207▲ $5,453,208
Total Liabilities and Net Assets / Fund Balance$92,551,827$100,451,279▲ $7,899,452

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$41,954$54,712-
Leasehold Improvements-$45,162-
Other Securities$100--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$48,834,274$530,717▲ $6,440,955-$53,746,743
2016$47,077,200$361,188▲ $3,194,292-$48,834,274
2015$49,443,590$518,264▼ $817,179-$47,077,200
2014$47,825,350$892,493▲ $2,068,992-$49,443,590
2013$27,796,759$16,356,193▲ $5,313,411-$47,825,350
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey a TaylorPresident TrusteeFT$136,048$136,048
Kimberly a MatthewsVice PresidentTrusteeFT$76,510$76,510
Revenue and Support

Revenue Composition

Contributions and Grants
$859,391
Program Service Revenue
$0
Investment Income
$1,960,446
Other Revenue
$311,303
All Other Contributions
$859,391
Change in Net Assets
$567,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,131,140
Revenue Not Reported on Form 990
$4,886,195
Total Revenue per Audited Statements
$8,017,335
Total Revenue per Form 990
$3,131,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,848,544
Salaries, Compensation, and Employee Benefits$401,489
Other Expenses$314,094
Total Fundraising Expense$230,119
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,848,544--$1,848,544
Comp Disqual Persons$64,651$43,101$107,752$215,504
Fees for Services Accounting-$78,761-$78,761
Other Employee Benefits$27,044$21,497$20,803$69,344
Other Salaries and Wages$28,913$24,094$15,833$68,840
Information Technology$24,045$24,162$3,813$52,020
Office Expenses$17,124$10,494$18,372$45,990
Pension Plan Contributions$10,776$8,566$8,289$27,631
Conferences and Meetings$5,678$9,958$7,440$23,076
Insurance$3,040$15,500$3,910$22,450
Payroll Taxes$7,866$6,253$6,051$20,170
Travel$7,553$1,224$10,871$19,648
Depreciation Depletion-$12,834-$12,834
Advertising--$12,782$12,782
Occupancy$3,992$3,993$4,114$12,099
All Other Expenses$2,699$3,846$291$6,836
Other Expenses$1,888$2,690$203$4,781
Total Functional Expenses$2,062,472$271,536$230,119$2,564,127

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,564,127
Total Expenses per Audited Statements$2,564,127
Total Expenses per Form 990$2,564,127
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
WV Wesleyan CollegeBuckhannon, WV-United Methodist ministry$84,581
Pension Funds IncCharleston, WV-Pension funding$83,237
Conference TreasurerCharleston, WV-United Methodist ministry$75,743
Burlington UM Family ServBeckley, WV-United Methodist ministry$61,064
Clendenin UMCClendenin, WV-Flood Repairs and ministry$60,135
Burlington Family ServicesKeyser, WV-United Methodist Ministry$46,930
Lewisburg UMCLewisburg, WV-United Methodist ministry$30,863
St Andrew UMCSaint Albans, WV-United Methodist ministry$30,642
Follansbee UMCFollansbee, WV-United Methodist ministry$27,039
West Hamlin UMCWest Hamlin, WV-United Methodist ministry$26,983
John Stewart UMCBluefield, WV-United Methodist ministry$24,000
Heart and Hand OutreachSouth Charleston, WV-United Methodist ministry$23,650
Central UMCFairmont, WV-United Methodist ministry$21,471
House of the CarpenterWheeling, WV-United Methodist ministry$21,048
Rainelle UMCRainelle, WV-United Methodist ministry$17,038
First UMCElkins, WV-United Methodist ministry$16,288
Dunbar UMCDunbar, WV-United Methodist ministry$16,277
Christ UMCAurora, WV-United Methodist ministry$15,000
Mullens Public LibraryMullens, WV-Library improvement$12,415
Wayside UMCVienna, WV-United Methodist ministry$11,336
Cross Lanes UMCCharleston, WV-United Methodist ministry$10,567
Emmanuel UMCWhite Sulphur Springs, WV-Repairs due to flood$10,285
Johnson Memorial UMCHuntington, WV-United Methodist ministry$10,237
UM Committee on ReliefNew York, NY-Recovery ministry$10,029
UM TempleBeckley, WV-United Methodist ministry$10,008
Mountain Home MinsitriesParkersburg, WV-Dental Assistance ministry$10,000
Vincent Memorial UMCClarksburg, WV-United Methodist ministry$10,000
First UMC HuntingtonHuntington, WV-United Methodist ministry$9,367
St Paul UMCSouth Charleston, WV-United Methodist ministry$8,498
Benton's Ferry UMCFairmont, WV-United Methodist ministry$8,000
General Higher Ed BdNashville, TN-Clergy Leadership ministry$7,500
Matewan UMCMatewan, WV-United Methodist ministry$7,500
Upshur Cooperative ParishBuckhannon, WV-United Methodist ministry$7,260
Smoot UMCSmoot, WV-United Methodist ministry$7,000
St Marks UMCCharleston, WV-United Methodist ministry$6,735
Newton UMCNewton, WV-United Methodist ministry$6,647
Concord UMCAthens, WV-United Methodist ministry$6,402
First UMCWilliamstown, WV-United Methodist ministry$6,372
Rosemar UMCParkersburg, WV-United Methodist ministry$6,000
Enterprise UMCEnterprise, WV-United Methodist ministry$5,321
Avery Chapel UMCMorgantown, WV-United Methodist ministry$5,000
Cedar Grove UMCParkersburg, WV-United Methodist ministry$5,000
First UMCParsons, WV-United Methodist ministry$5,000
Habitat for HumanityAmericus, GA-Hurricane Relief$5,000
Jones UMCMorgantown, WV-United Methodist ministry$5,000
Trinity UMCRonceverte, WV-United Methodist ministry$5,000

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity and Unitrust$3,386,286
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

Foundation reviews the filing and makes it available

Part VI Line 11B

to the Board for review

Part VI Line 15A or B

Compensation is reviewed by the Foundation Personnel Committee.

Part VI Line 15A or B

Compensation of other UM Foundation Directors is reviewed by the Committee.

Part VI Line 19

The Foundation will make its governing documents, conflict of interest

Part VI Line 19

policy, and financial statements available to the public upon request

Filing and Contact Details

Filer

Filer Name
United Methodist Foundation of West Virginia Inc
EIN
55-0545643
In Care Of
% Jeff Taylor
Phone
3043422113
Address
PO ox 3811, Charleston, WV 25338

Signing Officer

Name
Jeff Taylor
Title
President
Phone
3043422113
Signed
2018-11-07

Organization Details

Principal Officer
Jeff Taylor
Formed
1974
Legal Domicile
Wv
Voting Board Members
32
Independent Board Members
32
Employees
5
Supplemental Narrative

Additional Explanations

Part IX Line 24E

Other Total expenses - $6836.00 Program service expenses - $2699.00 Mgmt and general expenses - $3846.00 Fundraising expenses - $291.00

V Line 13

List of States with Qualified Health Plans: WV

XII Line 2C

The process has not changed from the prior year.

Financial Statement Notes

P4, Ln 2

Custodial accounts represent desposits held

P4, Ln 2

by the Foundation on behalf of others for

P4, Ln 2

investment purposes. These accounts are

P4, Ln 2

governed by agreements whereby the funds

P4, Ln 2

may be withdrawn by the despositor or

P4, Ln 2

directed to another custodian upon delivery of

P4, Ln 2

written notice to the Foundation in accordance

P4, Ln 2

with the terms of the underlying agreement

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0President Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Honorary Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairperson
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt28Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt29Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt30Trustee
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11871
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$149$73.3$75.6$4.64$3.57$1.07
2023Detailed filing. Detailed filing data is available for this year.$141$68.6$72.3$3.70$3.49$0.21
2022Detailed filing. Detailed filing data is available for this year.$121$55.5$65.9$3.39$3.43$0.04
2021Detailed filing. Detailed filing data is available for this year.$146$65.5$80.8$7.35$3.10$4.24
2020Detailed filing. Detailed filing data is available for this year.$129$54.3$74.3$4.32$2.82$1.50
2019Detailed filing. Detailed filing data is available for this year.$112$47.7$64.1$9.28$3.12$6.16
2018Detailed filing. Detailed filing data is available for this year.$96.0$40.3$55.8$4.99$2.54$2.45
2017Detailed filing. Detailed filing data is available for this year.$100$42.4$58.1$3.13$2.56$0.57
2016Detailed filing. Detailed filing data is available for this year.$92.6$39.9$52.6$1.99$2.39$0.40
2015Detailed filing. Detailed filing data is available for this year.$87.5$36.5$50.9$2.67$2.31$0.35
2014Summary only. Only limited summary data is available for this year.$88.8$36.2$52.6$7.09$1.66$5.43
2013Summary only. Only limited summary data is available for this year.$85.4$35.0$50.4$20.4$1.59$18.8
2012Summary only. Only limited summary data is available for this year.$60.3$30.4$29.9$1.76$1.10$0.67
2011Summary only. Only limited summary data is available for this year.$54.7$27.9$26.8$1.80$0.83$0.97