Civic Intelligence

Methodist Home for Children Foundation

990 • Fiscal year 2024 • EIN 56-2259577

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 30, 2025

Organization ProfileWWW.MHFC.ORG
1041 Washington StreetRaleigh, NC 27605

(919) 833-2834

Siviq Scores

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

Liabilities / Assets

75th percentile

0.01x

Higher debt load relative to assets than 75% of similar nonprofits.

2024 filings • NTEE T • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.14x

Higher debt load relative to revenue than 80% of similar nonprofits.

2024 filings • NTEE T • $25M-$50M nonprofits • Source year 2024

Net Margin

52nd percentile

25%

Higher net margin than 52% of similar nonprofits.

2024 filings • NTEE T • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$221,906

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2024 filings • NTEE T • $25M-$50M nonprofits • Source year 2024

Asset Growth

69th percentile

8.9%

Faster asset growth than 69% of similar nonprofits.

2024 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

2.9%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$25,757,757

Up $2,094,724 (+8.9%) from 2023

Net Assets

Up

$25,553,673

Up $1,896,140 (+8.0%) from 2023

Liabilities

Up

$204,084

Up $198,584 (+3611%) from 2023

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin52nd percentile

Revenue

Up

$1,468,746

Up $41,886 (+2.9%) from 2023

Expenses

Down

$1,099,901

Down $64,266 (-5.5%) from 2023

Net Income

Up

$368,845

Up $106,152 (+40%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$30M$20M$10M$0Assets 2011: $20,436,539Liabilities 2011: $11,521Net Assets 2011: $20,425,0182011Assets 2012: $18,916,140Liabilities 2012: $0Net Assets 2012: $18,916,1402012Assets 2013: $19,831,726Liabilities 2013: $13,561Net Assets 2013: $19,818,1652013Assets 2014: $22,240,706Liabilities 2014: $20,422Net Assets 2014: $22,220,2842014Assets 2015: $21,895,007Liabilities 2015: $28,278Net Assets 2015: $21,866,7292015Assets 2016: $20,380,303Liabilities 2016: $11,219Net Assets 2016: $20,369,0842016Assets 2017: $22,060,770Liabilities 2017: $14,590Net Assets 2017: $22,046,1802017Assets 2018: $20,337,842Liabilities 2018: $19,816Net Assets 2018: $20,318,0262018Assets 2019: $20,262,874Liabilities 2019: $29,601Net Assets 2019: $20,233,2732019Assets 2020: $20,599,751Liabilities 2020: $17,148Net Assets 2020: $20,582,6032020Assets 2021: $24,322,513Liabilities 2021: $9,658Net Assets 2021: $24,312,8552021Assets 2022: $21,761,285Liabilities 2022: $43,892Net Assets 2022: $21,717,3932022Assets 2023: $23,663,033Liabilities 2023: $5,500Net Assets 2023: $23,657,5332023Assets 2024: $25,757,757Liabilities 2024: $204,084Net Assets 2024: $25,553,6732024Assets 2025: $28,109,021Liabilities 2025: $6,875Net Assets 2025: $28,102,1462025

Highlighted filing

2024

Assets$25,757,757
Liabilities$204,084
Net Assets$25,553,673
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $359,7712011Expenses 2012: $1,083,8202012Revenue 2013: $1,104,704Expenses 2013: $1,268,381Net Income 2013: -$163,6772013Revenue 2014: $836,617Expenses 2014: $1,040,648Net Income 2014: -$204,0312014Revenue 2015: $1,783,515Expenses 2015: $1,065,551Net Income 2015: $717,9642015Revenue 2016: $213,704Expenses 2016: $1,016,892Net Income 2016: -$803,1882016Revenue 2017: $907,834Expenses 2017: $1,140,077Net Income 2017: -$232,2432017Revenue 2018: $2,518,055Expenses 2018: $3,395,996Net Income 2018: -$877,9412018Revenue 2019: $1,253,088Expenses 2019: $1,082,433Net Income 2019: $170,6552019Revenue 2020: $574,398Expenses 2020: $464,695Net Income 2020: $109,7032020Revenue 2021: $1,872,595Expenses 2021: $1,583,076Net Income 2021: $289,5192021Revenue 2022: $2,450,093Expenses 2022: $670,032Net Income 2022: $1,780,0612022Revenue 2023: $1,426,860Expenses 2023: $1,164,167Net Income 2023: $262,6932023Revenue 2024: $1,468,746Expenses 2024: $1,099,901Net Income 2024: $368,8452024Revenue 2025: $3,112,434Expenses 2025: $1,303,800Net Income 2025: $1,808,6342025

Highlighted filing

2024

Revenue$1,468,746
Expenses$1,099,901
Net Income$368,845
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 30, 2025
Return Version
2023v6.0
Gross Receipts
$1,654,704
Mission and Program Overview

Mission

To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. by carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc.

Supporting organization for the benefit of The Methodist Home for Children, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$22,233,973$24,106,968▲ $1,872,995
Cash and Non-Interest-Bearing Accounts$45,139$362,388▲ $317,249
Total Assets$23,663,033$25,757,757▲ $2,094,724
Other Assets Total$1,383,921$1,288,401▼ $95,520
Liabilities
Other Liabilities$0$198,063▲ $198,063
Accounts Payable and Accrued Expenses$5,500$6,021▲ $521
Total Liabilities$5,500$204,084▲ $198,584
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,197,875$19,667,977▲ $470,102
Net Assets With Donor Restrictions$4,459,658$5,885,696▲ $1,426,038
Total Net Assets Fund Balance$23,657,533$25,553,673▲ $1,896,140
Total Liabilities and Net Assets / Fund Balance$23,663,033$25,757,757▲ $2,094,724

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$420,417--
Other Securities$24,106,968--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$23,059,053$307,973▲ $2,635,847$976,893$25,025,980
2022$21,738,644$863,162▲ $1,962,507$1,505,260$23,059,053
2021$24,308,726$1,053,995▼ $2,694,393$929,684$21,738,644
2020$20,581,614$44,993▲ $5,180,496$1,498,377$24,308,726
2019$20,233,906$74,497▲ $1,252,797$979,586$20,581,614
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Katherine EdmistonChair
Rev Bruce StanleyPresident/CEO
Cady ThomasVice Chair
Martha WalstonVice Chair
Arthur GuyBoard Member
John GripmanBoard Member
Paul ThomasBoard Member
Rick WoodsBoard Member
Peter M WilliamsCFO
Linda ColemanMember at Large
Katie ClaytonSecretary
Marcus GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$220,453
Program Service Revenue
$0
Investment Income
$1,248,293
Other Revenue
$0
All Other Contributions
$220,453
Change in Net Assets
$368,845

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,353,389
Revenue Not Reported on Financial Statements
$115,357
Revenue Not Reported on Form 990
$26,525,857
Total Revenue per Audited Statements
$27,879,246
Total Revenue per Form 990
$1,468,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$984,341
Other Expenses$115,560
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$984,341--$984,341
Fees for Service Investment Mgmnt Fees-$115,357-$115,357
Other Expenses$203--$203
Total Functional Expenses$984,544$115,357$0$1,099,901

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,408,913
Expenses Not Reported on Form 990$25,408,710
Total Expenses per Form 990$1,099,901
Expenses Not Reported on Financial Statements$1,099,698
Other Expense Adjustments$984,341
Expenses per Audited Statements$203
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Methodist Home for Children IncRaleigh, NC501(c)(3)To support The Methodist Home for Children, Inc.$984,341
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
Due to MHC Inc.$198,063
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“Both the CFO and the Controller individually review each page of the 990 for accuracy and make notes for any items in question. The CFO and Controller then meet together to review these notes and make any necessary changes. The 990 is then emailed to all board members for any comments or questions prior to filing.”

Form 990, Part VI, Section B, line 12C

“The organization trains board members regarding this policy during annual board orientations, and trains all new supervisors on the conflict of interest policy during supervision and management workshops. Additionally, each year, the agency signs a conflict of interest policy with the state of North Carolina. Management reviews contracts for conflicts of interest as contracts are negotiated and signed.”

Form 990, Part VI, Section B, line 15

“Compensation is paid through The Methodist Home for Children, Inc. which is a related organization. The executive committee of The Methodist Home for Children, Inc. meets with the Board President to review his salary using a Benchmarks salary survey to determine the appropriateness of his salary. The Board President of The Methodist Home for Children, Inc. reviews the salaries of those who report to him and uses the same survey to determine the appropriateness of those salaries.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the Organization.”

Filing and Contact Details

Filer

Filer Name
Methodist Home for Children Foundation
EIN
56-2259577
Phone
9198332834
Address
1041 Washington Street, Raleigh, NC 27605

Signing Officer

Name
Jessica Lang
Title
VP of Finance & CFO
Phone
9198332834
Signed
2025-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Lang
Formed
2001
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Williams Overman Pierce LLP
Address
2501 Atrium Drive Suite 500, Raleigh, NC 27607
Preparer
MaryEllen Prance CPA
Phone
9197823444
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Decrease in Beneficial Interest in Trust 42,904.”

Form 990, Part XII, Line 2C:

“Process did not change from prior year.”

Financial Statement Notes

Part V, Line 4:

“Endowment funds are used for scholarships, children's literature, buildings and grounds maintenance as well as for general operations.”

Part X, Line 2:

“Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2024, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for tax years prior to 2020.”

Part XI, Line 2D - Other Adjustments:

“Income adj on MHC Inc 990 - transfers from MHC Fdn -984,341. Change in Beneficial Interest in Trust 42,904. Change in Annuity Contracts on MHC Inc 990 246,764. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 304,068. Revenue reported on MHC Inc 990 25,522,356. Other Expenses reported on MHC Inc 990 -90,285.”

Part XII, Line 2D - Other Adjustments:

“Expenses reported on MHC Inc 990 25,194,927. Other Expenses reported on MHC Inc 990 -90,285. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 304,068.”

Part XII, Line 4B - Other Adjustments:

“Grants to MHC Inc 984,341.”

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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/InvestmentsOtherSecuritiesGrp/EOYAmt024106968
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0185958
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. by carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt023657533
IRS990/NetAssetsOrFundBalancesEOYAmt025553673
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0798383
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0798383
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01484391
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt019197875
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019667977
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01383921
IRS990/OtherAssetsTotalGrp/EOYAmt01288401
IRS990/OtherChangesInNetAssetsAmt042904
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/ProgramServicesAmt0203
IRS990/OtherExpensesGrp/TotalAmt0203
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0198063
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Jessica Lang
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0995723
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01045424
IRS990/PYInvestmentIncomeAmt0431137
IRS990/PYOtherExpensesAmt0118743
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0262693
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01164167
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01426860
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0368845
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560547482
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0984341
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0The Methodist Home for Children Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0984341
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.80478
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt023059053
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0307973
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt025025980
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02635847
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0976893
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt021738644
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0863162
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt023059053
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01962507
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01505260
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt024308726
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01053995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt021738644
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2694393
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0929684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt020581614
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt044993
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt024308726
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05180496
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01498377
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt020233906
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt074497
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt020581614
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01252797
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0979586
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt025408710
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01099698
IRS990ScheduleD/ExpensesSubtotalAmt0203
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0115357
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0115357
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01484391
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0867984
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1420417
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial Interests in Trusts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from MHC Inc.
IRS990ScheduleD/OtherExpensesIncludedAmt025408710
IRS990ScheduleD/OtherExpensesNotIncludedAmt0984341
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0198063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to MHC Inc.
IRS990ScheduleD/OtherRevenueAmt025041466
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt024106968
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Common Investment Fund
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.05426
IRS990ScheduleD/RevenueNotReportedAmt026525857
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0115357
IRS990ScheduleD/RevenueSubtotalAmt01353389
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds are used for scholarships, children's literature, buildings and grounds maintenance as well as for general operations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2024, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for tax years prior to 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Income adj on MHC Inc 990 - transfers from MHC Fdn -984,341. Change in Beneficial Interest in Trust 42,904. Change in Annuity Contracts on MHC Inc 990 246,764. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 304,068. Revenue reported on MHC Inc 990 25,522,356. Other Expenses reported on MHC Inc 990 -90,285.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Expenses reported on MHC Inc 990 25,194,927. Other Expenses reported on MHC Inc 990 -90,285. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 304,068.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Grants to MHC Inc 984,341.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.14097
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01288401
IRS990ScheduleD/TotalBookValueSecuritiesAmt024106968
IRS990ScheduleD/TotalExpensesPerForm990Amt01099901
IRS990ScheduleD/TotalLiabilityAmt0198063
IRS990ScheduleD/TotalRevenuePerForm990Amt01468746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt027879246
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025408913
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0984341
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support The Methodist Home for Children, Inc.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Methodist Home for Children Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0560547482
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01041 Washington Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Raleigh
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027605
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Methodist Home for Children Foundation works with Methodist Home for Children, Inc. to ensure that the grants are being spent within the required criteria.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,757,757
Liabilities
$204,084
Net assets
$25,553,673
Revenue
$1,468,746
Expenses
$1,099,901
Net income
$368,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.1$0.01$28.1$3.11$1.30$1.81
2024Detailed filing. Detailed filing data is available for this year.$25.8$0.20$25.6$1.47$1.10$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$0.01$23.7$1.43$1.16$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.04$21.7$2.45$0.67$1.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.3$0.01$24.3$1.87$1.58$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$0.02$20.6$0.57$0.46$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$0.03$20.2$1.25$1.08$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$0.02$20.3$2.52$3.40$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$0.01$22.0$0.91$1.14$0.23
2016Summary only. Only limited summary data is available for this year.$20.4$0.01$20.4$0.21$1.02$0.80
2015Detailed filing. Detailed filing data is available for this year.$21.9$0.03$21.9$1.78$1.07$0.72
2014Detailed filing. Detailed filing data is available for this year.$22.2$0.02$22.2$0.84$1.04$0.20
2013Summary only. Only limited summary data is available for this year.$19.8$0.01$19.8$1.10$1.27$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$0.00$18.9$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$0.01$20.4$0.36