Civic Intelligence

The Methodist Foundation for Arkansas

990 • Fiscal year 2020 • EIN 71-0525462

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Refreshing map…

601 Wellington Village RdLittle Rock, AR 72211

(501) 664-8632

Siviq Scores

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

Liabilities / Assets

68th percentile

0.51x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

6.02x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

98th percentile

83%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

15th percentile

$223,298

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

165%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Flat

$215,887,227

Flat from 2020

Net Assets

Flat

$105,154,364

Flat from 2020

Liabilities

Flat

$110,732,863

Flat from 2020

Revenue

Flat

$18,394,986

Flat from 2020

Expenses

Flat

$3,060,579

Flat from 2020

Net Income

Flat

$15,334,407

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $102,060,289Liabilities 2010: $45,889,305Net Assets 2010: $56,170,9842010Assets 2011: $101,964,448Liabilities 2011: $45,536,718Net Assets 2011: $56,427,7302011Assets 2012: $113,453,839Liabilities 2012: $51,800,276Net Assets 2012: $61,653,5632012Assets 2013: $127,893,937Liabilities 2013: $57,949,236Net Assets 2013: $69,944,7012013Assets 2014: $133,541,603Liabilities 2014: $62,315,365Net Assets 2014: $71,226,2382014Assets 2016: $141,484,745Liabilities 2016: $68,813,430Net Assets 2016: $72,671,3152016Assets 2017: $165,421,642Liabilities 2017: $77,922,474Net Assets 2017: $87,499,1682017Assets 2018: $152,712,982Liabilities 2018: $72,883,393Net Assets 2018: $79,829,5892018Assets 2019: $179,482,702Liabilities 2019: $84,972,343Net Assets 2019: $84,490,3592019Assets 2020: $215,887,227Liabilities 2020: $110,732,863Net Assets 2020: $105,154,3642020Assets 2020: $215,887,227Liabilities 2020: $110,732,863Net Assets 2020: $105,154,3642020Assets 2021: $242,079,411Liabilities 2021: $125,781,466Net Assets 2021: $116,297,9452021Assets 2022: $198,653,001Liabilities 2022: $104,490,177Net Assets 2022: $94,162,8242022Assets 2023: $217,049,129Liabilities 2023: $112,479,188Net Assets 2023: $104,569,9412023Assets 2024: $226,412,419Liabilities 2024: $117,480,507Net Assets 2024: $108,931,9122024

Highlighted filing

2020

Assets$215,887,227
Liabilities$110,732,863
Net Assets$105,154,364

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2010: $6,900,300Expenses 2010: $1,247,004Net Income 2010: $5,653,2962010Revenue 2011: $5,118,175Expenses 2011: $1,426,833Net Income 2011: $3,691,3422011Revenue 2012: $3,519,091Expenses 2012: $1,402,240Net Income 2012: $2,116,8512012Revenue 2013: $5,093,304Expenses 2013: $1,717,166Net Income 2013: $3,376,1382013Revenue 2014: $5,091,614Expenses 2014: $1,619,859Net Income 2014: $3,471,7552014Revenue 2016: $5,385,238Expenses 2016: $1,913,759Net Income 2016: $3,471,4792016Revenue 2017: $9,735,734Expenses 2017: $1,647,662Net Income 2017: $8,088,0722017Revenue 2018: $6,525,528Expenses 2018: $1,978,131Net Income 2018: $4,547,3972018Revenue 2019: $6,942,461Expenses 2019: $3,129,183Net Income 2019: $3,813,2782019Revenue 2020: $18,394,986Expenses 2020: $3,060,579Net Income 2020: $15,334,4072020Revenue 2020: $18,394,986Expenses 2020: $3,060,579Net Income 2020: $15,334,4072020Revenue 2021: $6,236,319Expenses 2021: $3,116,361Net Income 2021: $3,119,9582021Revenue 2022: $8,307,370Expenses 2022: $3,618,153Net Income 2022: $4,689,2172022Revenue 2023: $6,030,554Expenses 2023: $3,605,185Net Income 2023: $2,425,3692023Revenue 2024: $6,749,250Expenses 2024: $3,502,468Net Income 2024: $3,246,7822024

Highlighted filing

2020

Revenue$18,394,986
Expenses$3,060,579
Net Income$15,334,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$39,759,678
Mission and Program Overview

Mission

The mission of The Methodist Foundation for Arkansas is to create and administer permanent charitable endowments to strengthen and expand Methodist ministries in Arkansas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$168,205,110$205,082,101▲ $36,876,991
Savings and Temporary Cash Investments$6,043,925$6,772,126▲ $728,201
Land, Buildings, and Equipment, Net$3,793,655$3,700,878▼ $92,777
Investments Other Securities$1,420,012$332,122▼ $1,087,890
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$179,462,702$215,887,227▲ $36,424,525
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$84,972,343$110,732,863▲ $25,760,520
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$84,972,343$110,732,863▲ $25,760,520
Net Assets / Fund Balance
Net Assets With Donor Restrictions$88,969,236$99,991,587▲ $11,022,351
Net Assets Without Donor Restrictions$5,521,123$5,162,777▼ $358,346
Total Net Assets Fund Balance$94,490,359$105,154,364▲ $10,664,005
Total Liabilities and Net Assets / Fund Balance$179,462,702$215,887,227▲ $36,424,525

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,838,478$158,123$2,996,601
Land$650,711-$650,711
Equipment$205,365$128,211$333,576
Other Land Buildings$6,324$2,609$8,933
Leasehold Improvements$0$0$0
Other Securities$10,001--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$79,225,594$679,300▲ $14,644,824$0$92,482,883
2019$66,093,480$2,116,600▲ $13,231,169$0$79,225,594
2018$73,753,459$277,350▼ $4,777,637$0$66,093,480
2017$61,843,887$3,144,725▲ $10,486,697$0$73,753,459
2016$59,251,149$531,554▲ $4,197,251$0$61,843,887
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rev J Wayne ClarkPresident and CEOFT$189,000$34,298$223,298
Clarence E TriceSr Vice President and chief financial officerFT$147,000$33,093$180,093
Janet K MarshallVice President of developmentFT$130,000$20,222$150,222

Board Members and Trustees

NameTitle
Hon Beth DeereBoard of directors chairperson
Becki LuskBoard of directors
Bill KincaidBoard of directors
Clefton VaughanBoard of directors
Dr Calvin WhiteBoard of directors
Dr Debby FiserBoard of directors
Eddie SchiefflerBoard of directors
Eddie WalkerBoard of directors
Gary NutterBoard of directors
Ginny KurrusBoard of directors
Mable DonaldsonBoard of directors
Rev Lynn KilbourneBoard of directors
Rev Natasha MurrayNormanBoard of directors
Sam GibsonBoard of directors
Steve ShultsBoard of directors
Rev Phil HathcockBoard of directors secretary
Pam HarrisBoard of directorts
Dewitt SmithBoard of directros
Revenue and Support

Revenue Composition

Contributions and Grants
$1,666,356
Program Service Revenue
$1,040,941
Investment Income
$15,687,689
Other Revenue
$0
All Other Contributions
$1,666,356
Change in Net Assets
$15,334,407

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$18,394,986
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$18,394,986
Total Revenue per Audited Statements
$0
Total Revenue per Form 990
$18,394,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,683,675
Salaries, Compensation, and Employee Benefits$984,279
Other Expenses$392,625
Total Fundraising Expense$120,198
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,543,276--$1,543,276
Current Officers, Directors, Trustees, and Key Employees$0$401,000$65,000$466,000
Other Salaries and Wages$0$302,111$0$302,111
Grants to Domestic Individuals$140,399--$140,399
Depreciation Depletion$0$120,238$0$120,238
Pension Plan Contributions$0$83,108$7,800$90,908
Other Employee Benefits$0$59,466$10,111$69,577
Advertising$0$32,314$32,314$64,628
Payroll Taxes$0$50,710$4,973$55,683
Occupancy$0$47,710$0$47,710
Information Technology$0$37,424$0$37,424
Office Expenses$0$33,262$0$33,262
Interest$0$16,001$0$16,001
Fees for Services Accounting$0$14,500$0$14,500
Insurance$0$12,833$0$12,833
Travel$0$9,339$0$9,339
Fees for Services Other$0$4,211$0$4,211
Fees for Services Legal$0$2,682$0$2,682
Conferences and Meetings$0$517$0$517
Total Functional Expenses$1,683,675$1,256,706$120,198$3,060,579

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$3,060,579
Other Expense Adjustments$3,060,579
Total Expenses per Form 990$3,060,579
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arkansas Conference UMC-501(c)(3)Religious$644,314
Other charitable organizations none exceeding 5000-501(c)(3)Religious$184,379
Lydia Patterson Institute-501(c)(3)Religious$176,063
Hendrix College-501(c)(3)Religious$137,500
Methodist Family Health-501(c)(3)Religious$87,266
Camp Aldersgate-501(c)(3)Religious$80,000
Philander Smith College-501(c)(3)Religious Educational$58,250
Ozark Mission Project-501(c)(3)Religious$42,554
Goshen UMC-501(c)(3)Religious$25,000
Manna House-501(c)(3)Religious$25,000
Pulaski County Imagination Library-501(c)(3)Religious Educational$25,000
Canvas UMC-501(c)(3)Religious$17,850
Highland Valley UMC-501(c)(3)Religious$10,500
Breaking Bonds-501(c)(3)Religious$10,000
Camp Tanako-501(c)(3)Religious$9,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency obligations$107,690,953
Charitable gift annuity reserve$3,041,910
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 11A

All schedules are prepared by the chief financial officer with assistance from accounting staff. Completed forms are reviewed by staff. Before filing the entire return is furnished to the board of directors for review.

Part VI, Line 12C

Annually each member of the Board of Directors is required to sign a statement that they are aware of the Foundation's conflicts of interest policy and that they are in compliance with the policy. Through the course of business throughout the year the Foundation's staff monitors activity for the existence of potential conflicts which may arise.

Part VI, Line 15

Compensation amounts for the CEO and all key employees are determined after a survey of similar Foundations annual review of employees' performance and a review of the current year cost of living adjustments. This data is furnished to the Foundation's Human Resources Committee which makes a recommendation for approval by the Board of Directors.

Part VI, Line 19

During 2020 the Foundation did not receive a request to make its governing documents its conflicts of interest policy or its financial statements available to a member of the public. When future requests arise the Foundation will make every effort to comply with all reasonable requests.

Filing and Contact Details

Filer

Filer Name
The Methodist Foundation for Arkansas
EIN
71-0525462
In Care Of
% Rev J Wayne Clark
Phone
5016648632
Address
601 WELLINGTON VILLAGE RD, Little Rock, AR 72211

Signing Officer

Name
Clarence Trice
Title
Senior Vice President and CFO
Signed
2021-11-11
Discuss with paid preparer
No

Organization Details

Formed
1963
Legal Domicile
Ar
Voting Board Members
18
Independent Board Members
18
Employees
11
Volunteers
0
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The Foundation's financial administration committee also serves as an audit committee that selects an independent auditor and has responsibility for oversight of the audit of its financial statements. At the conclusion of the annual audit the independent auditor presents the audited financial statements to the committee along with its findings. The committee accepts the report and presents to the full board of directors for approval.

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Provided funds to organizations described in Schedule I consistent with our mission., $585399, $585399, $0|

Part XI, Line 9

| Description:, Explanation:, Amount:| Distributions directed by governing documents of permanent endowments, Reclassified net earnings and beneficiary distributions from principal., $-3743486|

Financial Statement Notes

Part X, line 2

"The Foundation evaluates all tax positions and believes that its tax provisions would be sustained upon examination."

Part V, line 4

The intended uses of all Foundation endowment funds is to promote the ministries of the United Methodist Church within the State of Arkansas.

Part XI, line 4B

The financial audit of the Foundation is limited in scope to its assets liabilities and net assets.

Part XII, line 2D

The financial audit of the Foundation is limited in scope to its assets liabilities and net assets.

Part XII, line 4B

The financial audit of the Foundation is limited in scope to its assets liabilities and net assets.

Part XI, line 2D

The financial audit of the Foundation is limited in scope to its assets liabilities and net assets.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Mable Donaldson
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Debby Fiser
IRS990/Form990PartVIISectionAGrp/PersonNm3Sam Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm4Pam Harris
IRS990/Form990PartVIISectionAGrp/PersonNm5Rev Phil Hathcock
IRS990/Form990PartVIISectionAGrp/PersonNm6Rev Lynn Kilbourne
IRS990/Form990PartVIISectionAGrp/PersonNm7Bill Kincaid
IRS990/Form990PartVIISectionAGrp/PersonNm8Ginny Kurrus
IRS990/Form990PartVIISectionAGrp/PersonNm9Becki Lusk
IRS990/Form990PartVIISectionAGrp/PersonNm10Rev Natasha MurrayNorman
IRS990/Form990PartVIISectionAGrp/PersonNm11Gary Nutter
IRS990/Form990PartVIISectionAGrp/PersonNm12Eddie Schieffler
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IRS990/Form990PartVIISectionAGrp/PersonNm14Dewitt Smith
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IRS990/Form990PartVIISectionAGrp/PersonNm19Clarence E Trice
IRS990/Form990PartVIISectionAGrp/PersonNm20Janet K Marshall
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board of directorts
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board of directors secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board of directros
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board of directors
IRS990/Form990PartVIISectionAGrp/TitleTxt18President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19Sr Vice President and chief financial officer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice President of development
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$117$109$6.75$3.50$3.25
2023Summary only. Only limited summary data is available for this year.$217$112$105$6.03$3.61$2.43
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$199$104$94.2$8.31$3.62$4.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$242$126$116$6.24$3.12$3.12
2020Detailed filing. Detailed filing data is available for this year.$216$111$105$18.4$3.06$15.3
2020Summary only. Only limited summary data is available for this year.$216$111$105$18.4$3.06$15.3
2019Summary only. Only limited summary data is available for this year.$179$85.0$84.5$6.94$3.13$3.81
2018Summary only. Only limited summary data is available for this year.$153$72.9$79.8$6.53$1.98$4.55
2017Summary only. Only limited summary data is available for this year.$165$77.9$87.5$9.74$1.65$8.09
2016Summary only. Only limited summary data is available for this year.$141$68.8$72.7$5.39$1.91$3.47
2014Summary only. Only limited summary data is available for this year.$134$62.3$71.2$5.09$1.62$3.47
2013Summary only. Only limited summary data is available for this year.$128$57.9$69.9$5.09$1.72$3.38
2012Summary only. Only limited summary data is available for this year.$113$51.8$61.7$3.52$1.40$2.12
2011Summary only. Only limited summary data is available for this year.$102$45.5$56.4$5.12$1.43$3.69
2010Summary only. Only limited summary data is available for this year.$102$45.9$56.2$6.90$1.25$5.65