Civic Intelligence

Permanent Endowment Fund of Moody Methodist Church

EIN 76-0680471 • 501(c)3 • Galveston, TX

Profile

To hold, administer and distribute funds exclusively to and in aid of the religious, charitable and educational purposes at moody methodist church.

2200 Market StreetGalveston, TX 77550

www.moodypef.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.02x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.03x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

99th percentile

92%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

6th percentile

$203,616

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

99th percentile

233%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

1535%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$412,025,898

Up $288,469,976 (+233%) from 2023

Liabilities

Up

$8,521,091

Up $6,826,344 (+403%) from 2023

Net Assets

Up

$403,504,807

Up $281,643,632 (+231%) from 2023

Revenue

Up

$312,657,414

Up $293,535,911 (+1535%) from 2023

Expenses

Up

$25,828,349

Up $14,202,573 (+122%) from 2023

Net Income

Up

$286,829,065

Up $279,333,338 (+3727%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $51,358,245Liabilities 2010: $0Net Assets 2010: $51,358,2452010Assets 2011: $53,019,520Liabilities 2011: $0Net Assets 2011: $53,019,5202011Assets 2012: $60,822,190Liabilities 2012: $0Net Assets 2012: $60,822,1902012Assets 2013: $70,378,518Liabilities 2013: $0Net Assets 2013: $70,378,5182013Assets 2014: $73,718,997Liabilities 2014: $0Net Assets 2014: $73,718,9972014Assets 2015: $74,467,126Liabilities 2015: $0Net Assets 2015: $74,467,1262015Assets 2016: $80,218,330Liabilities 2016: $0Net Assets 2016: $80,218,3302016Assets 2017: $90,590,946Liabilities 2017: $0Net Assets 2017: $90,590,9462017Assets 2018: $86,509,295Liabilities 2018: $0Net Assets 2018: $86,509,2952018Assets 2019: $101,038,593Liabilities 2019: $753,849Net Assets 2019: $100,284,7442019Assets 2020: $111,006,761Liabilities 2020: $3,557,586Net Assets 2020: $107,449,1752020Assets 2021: $123,313,594Liabilities 2021: $472,405Net Assets 2021: $122,841,1892021Assets 2022: $104,208,828Liabilities 2022: $560,472Net Assets 2022: $103,648,3562022Assets 2023: $123,555,922Liabilities 2023: $1,694,747Net Assets 2023: $121,861,1752023Assets 2024: $412,025,898Liabilities 2024: $8,521,091Net Assets 2024: $403,504,8072024

Highlighted filing

2024

Assets$412,025,898
Liabilities$8,521,091
Net Assets$403,504,807

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400M$300M$200M$100M$0Expenses 2010: $4,366,0482010Expenses 2011: $4,402,7452011Expenses 2012: $4,422,3322012Revenue 2013: $11,188,267Expenses 2013: $5,287,131Net Income 2013: $5,901,1362013Revenue 2014: $14,501,555Expenses 2014: $8,870,989Net Income 2014: $5,630,5662014Revenue 2015: $17,744,102Expenses 2015: $8,810,197Net Income 2015: $8,933,9052015Revenue 2016: $10,923,624Expenses 2016: $8,539,788Net Income 2016: $2,383,8362016Revenue 2017: $11,693,946Expenses 2017: $10,431,649Net Income 2017: $1,262,2972017Revenue 2018: $14,837,299Expenses 2018: $11,069,405Net Income 2018: $3,767,8942018Revenue 2019: $13,803,071Expenses 2019: $10,245,661Net Income 2019: $3,557,4102019Revenue 2020: $14,451,049Expenses 2020: $10,570,720Net Income 2020: $3,880,3292020Revenue 2021: $19,045,257Expenses 2021: $5,182,237Net Income 2021: $13,863,0202021Revenue 2022: $12,563,184Expenses 2022: $9,842,261Net Income 2022: $2,720,9232022Revenue 2023: $19,121,503Expenses 2023: $11,625,776Net Income 2023: $7,495,7272023Revenue 2024: $312,657,414Expenses 2024: $25,828,349Net Income 2024: $286,829,0652024

Highlighted filing

2024

Revenue$312,657,414
Expenses$25,828,349
Net Income$286,829,065

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$412$8.52$404$313$25.8$287
2023Detailed filing. Detailed filing data is available for this year.$124$1.69$122$19.1$11.6$7.50
2022Detailed filing. Detailed filing data is available for this year.$104$0.56$104$12.6$9.84$2.72
2021Detailed filing. Detailed filing data is available for this year.$123$0.47$123$19.0$5.18$13.9
2020Detailed filing. Detailed filing data is available for this year.$111$3.56$107$14.5$10.6$3.88
2019Detailed filing. Detailed filing data is available for this year.$101$0.75$100$13.8$10.2$3.56
2018Detailed filing. Detailed filing data is available for this year.$86.5$0.00$86.5$14.8$11.1$3.77
2017Detailed filing. Detailed filing data is available for this year.$90.6$0.00$90.6$11.7$10.4$1.26
2016Detailed filing. Detailed filing data is available for this year.$80.2$0.00$80.2$10.9$8.54$2.38
2015Detailed filing. Detailed filing data is available for this year.$74.5$0.00$74.5$17.7$8.81$8.93
2014Detailed filing. Detailed filing data is available for this year.$73.7$0.00$73.7$14.5$8.87$5.63
2013Detailed filing. Detailed filing data is available for this year.$70.4$0.00$70.4$11.2$5.29$5.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.8$0.00$60.8$4.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.0$0.00$53.0$4.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.4$0.00$51.4$4.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$738,259,973
Mission and Program Overview

Mission

To hold, administer and distribute funds exclusively to and in aid of the religious, charitable and educational purposes at moody methodist church.

Advancing the care of people in the Name and Spirit of Jesus Christ.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$102,277,678$309,270,490▲ $206,992,812
Investments Other Securities-$90,696,283-
Investments Program Related$5,090,873$5,106,002▲ $15,129
Pledges and Grants Receivable$4,524,317$3,749,336▼ $774,981
Savings and Temporary Cash Investments$10,717,388$2,736,189▼ $7,981,199
Cash and Non-Interest-Bearing Accounts$922,440$437,936▼ $484,504
Prepaid Expenses and Deferred Charges$23,226$29,662▲ $6,436
Total Assets$123,555,922$412,025,898▲ $288,469,976
Liabilities
Grants Payable$1,693,476$8,455,209▲ $6,761,733
Accounts Payable and Accrued Expenses$1,271$65,882▲ $64,611
Total Liabilities$1,694,747$8,521,091▲ $6,826,344
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,861,175$403,504,807▲ $281,643,632
Total Net Assets Fund Balance$121,861,175$403,504,807▲ $281,643,632
Total Liabilities and Net Assets / Fund Balance$123,555,922$412,025,898▲ $288,469,976

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$90,696,283--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bert BagleyExecutive DirectorFT$162,763$40,853$203,616
Danica PremirelliDirectorFT$96,320-$96,320

Board Members and Trustees

NameTitle
Bill Glenn IIIChair, Director
Armin CantiniDirector
Donna LangDirector
Edie HarringtonDirector
Jere PedersonDirector
Kelly SchwabDirector
Matthew HayDirector
Ramona Webb HolbrookSecretary, Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge AssociatesInvestment Fees115 Federal Street Suite 2600, Boston, MA 02110$665,011
Revenue and Support

Revenue Composition

Contributions and Grants
$292,533,380
Program Service Revenue
$0
Investment Income
$20,124,034
Other Revenue
$0
All Other Contributions
$292,533,380
Change in Net Assets
$286,829,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$24,162,479
Other Expenses$1,108,621
Salaries, Compensation, and Employee Benefits$557,249
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$24,162,479--$24,162,479
Fees for Service Investment Mgmnt Fees-$661,519-$661,519
Other Salaries and Wages$164,270$54,377-$218,647
Current Officers, Directors, Trustees, and Key Employees$154,748$48,868-$203,616
Fees for Services Legal-$133,669-$133,669
Other Employee Benefits$78,168$24,684-$102,852
Office Expenses$68,358$33,087-$101,445
Fees for Services Other-$80,708-$80,708
Conferences and Meetings$50,791$3,101-$53,892
Insurance-$28,628-$28,628
Travel$19,062$6,020-$25,082
Information Technology$17,547$5,541-$23,088
Payroll Taxes$13,311$4,203-$17,514
Pension Plan Contributions$11,111$3,509-$14,620
Other Expenses-$590-$590
Total Functional Expenses$24,739,845$1,088,504$0$25,828,349
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Galveston ISDGalveston, TX501(c)(3)Performing Arts Center$8,100,000
Galveston ISDGalveston, TX501(c)(3)Operating Budget (Content Specialists)$2,250,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Operating Budget$1,550,000
Houston Methodist Hospital FoundationHouston, TX501(c)(3)Spiritual Care Clinical Pastoral Education Center$1,500,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Trustees Budget$1,320,485
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Trustees Priority Maintenance Projects$1,025,125
Texas Annual Conference of the United Methodist ChurchHouston, TX501(c)(3)Vitality & Leadership$700,000
Moody Methodist Day SchoolGalveston, TX501(c)(3)Moody Methodist Day School$600,000
Moody Methodist Day SchoolGalveston, TX501(c)(3)Moody Methodist Day School$550,000
First Baptist Church GalvestonGalveston, TX501(c)(3)HVAC for the Education Building for First Baptist Church, Galveston$375,000
SMART Family Literacy IncGalveston, TX501(c)(3)Operating Budget$300,000
St Vincent's HouseGalveston, TX501(c)(3)Homeless Prevention Program$300,000
Libbie's PlaceGalveston, TX501(c)(3)Operating Budget$295,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Moody Menders$232,837
Family Service Center of Galveston CountyGalveston, TX501(c)(3)Operating Budget$200,000
Moody Early Childhood CenterGalveston, TX501(c)(3)Equity Access Scholarship Fund$200,000
Resource and Crisis Center Galveston County IncGalveston, TX501(c)(3)Operating Budget$200,000
New Life Fellowship of Galveston Day SchoolGalveston, TX501(c)(3)Early Childhood Education Program$190,000
Libbie's PlaceGalveston, TX501(c)(3)Operating Budget$174,073
Moody Early Childhood CenterGalveston, TX501(c)(3)Program Expansions - Get Well and Extended Hours/Days$151,920
Teen Health Center IncGalveston, TX501(c)(3)Vaccines and Medications for Children$106,400
Bay Area Service LeagueWebster, TX501(c)(3)Operation School Bell$100,000
Faith In PracticeHouston, TX501(c)(3)Medical Missions Program$100,000
Galveston Urban MinistriesGalveston, TX501(c)(3)Operating Budget$100,000
Houston reVisionHouston, TX501(c)(3)Youth Homelessness Services$100,000
Sunshine Center IncGalveston, TX501(c)(3)Operating Budget$100,000
The Tandana FoundationSpring Valley, OH501(c)(3)Supporting Displaced Students in Bandiagara, Mali$97,120
General Board of Global Ministries United Methodist ChurchAtlanta, GA501(c)(3)Endow the J. W. Hearn Professorship at Moscow Theological Seminary$90,098
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Society of St. Stephen$85,959
ADA Women's CenterGalveston, TX501(c)(3)Operating Budget$80,000
Galveston Island Meals on Wheels IncGalveston, TX501(c)(3)Operating Budget$80,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)2nd Associate Pastor$75,333
Healthcare for the Homeless HoustonHouston, TX501(c)(3)Operating Budget$75,000
SERJobsHouston, TX501(c)(3)Galveston Workforce Development Services$75,000
Groundswell (Galveston's Own Farmers Market)Galveston, TX501(c)(3)Operating Budget$65,000
Lexington United Methodist ChurchLexington, TX501(c)(3)Midweek Methodist (M&Ms) Heath Initiative$62,000
Court Appointed Special Advocates (CASA) of Galveston CountyTexas City, TX501(c)(3)Operating Budget$60,000
Engineers in ActionTulsa, OK501(c)(3)Operating Budget-The EIA Eswatini WASH Program$60,000
Galveston County Food BankTexas City, TX501(c)(3)Operating Budget$60,000
Plant With PurposeSan Diego, CA501(c)(3)Transformational Resilience for Farming Families in Mexico$60,000
Water at Work MinistryPeachtree Corners, GA501(c)(3)Consuelo Water Plant Business$59,000
Central United Methodist ChurchGalveston, TX501(c)(3)Asbestos Remediation$58,290
NIA Cultural Center IncorporatedGalveston, TX501(c)(3)Children's Defense Fund Freedom School$54,000
City of GalvestonGalveston, TX501(c)(3)Galveston Police Department Lead Chaplain Position$52,506
Every ShelterHouston, TX501(c)(3)Bashebora for Shelter Depot$50,000
Galveston ISD Educational FoundationGalveston, TX501(c)(3)Operating Budget$50,000
Greater Mt Calvary Baptist ChurchGalveston, TX501(c)(3)Roof Replace with East wall repair$50,000
Gulf Coast Big Brothers & Big Sisters IncGalveston, TX501(c)(3)Operating Budget$50,000
Hope Disaster Recovery LLCCypress, TX501(c)(3)Operating Budget$50,000
Lone Star Justice AllianceAustin, TX501(c)(3)Incarcerated Women's Healthcare$50,000
Magdalena Ministries IncSan Antonio, TX501(c)(3)Operating Budget$50,000
Open Door MissionHouston, TX501(c)(3)Serve clients of the Galveston County HOPE Drug Court$50,000
Shriners Children's TexasGalveston, TX501(c)(3)Behavioral Health at Shriners Children's Texas$50,000
St Vincent's Hope ClinicGalveston, TX501(c)(3)St. Vincent's Clinics Dental Care Program$50,000
The Salvation Army Galveston CountyGalveston, TX501(c)(3)Operating Budget$50,000
UM ARMY NationalCollege Station, TX501(c)(3)Support for U.M. ARMY Home Repair Missions in Texas$50,000
United Methodist Global AIDS CommitteeFlint, TX501(c)(3)Breaking Barriers 2$50,000
United Way of Galveston IncGalveston, TX501(c)(3)Galveston County Recovery Fund$50,000
Boys & Girls Clubs of Greater HoustonHouston, TX501(c)(3)Johnny Mitchell Boys & Girls Club Operating Budget$42,500
Advocacy Center for Children of Galveston CountyGalveston, TX501(c)(3)Operating Budget$40,000
Cornerstone Family MinistriesHouston, TX501(c)(3)Operating Budget Support for Ministry Pillar$40,000
Health Outreach to the Middle East for Christ (HOME)Missouri City, TX501(c)(3)Pathways to Healing$39,900
African Childrens HavenGalveston, TX501(c)(3)Emergency Food Aid for Children in Nairobi Kenya$35,000
The Independence VillageTexas City, TX501(c)(3)Employment Assistance Program$35,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Asbury Class Clothes Closet at Central Methodist Church$30,400
AvdaHouston, TX501(c)(3)Ending the Cycle of Abuse$30,000
Catholic Charities of the Archdiocese of Galveston HoustonHouston, TX501(c)(3)Beacon of Hope Center and Isle Market$30,000
Cherish Our Children Inc (COCI)Houston, TX501(c)(3)Gaining Empowerment in Middle School Program$30,000
Covenant House TexasHouston, TX501(c)(3)Operating Budget$30,000
HELP Health Environmental Learning ProgramCollege Station, TX501(c)(3)Women's Literacy and Self-reliance Skills$30,000
Justice ForwardHouston TX, TX501(c)(3)Galveston Safe Transitions and Basic Needs Program$30,000
Mercy ShipsLindale, TX501(c)(3)Operating Budget$30,000
Mission Centers of HoustonHouston, TX501(c)(3)Homeless Assistance Ministry$30,000
Program For Humanitarian AidTyler, TX501(c)(3)Humanitarian Aid$30,000
Resolve It IncKemah, TX501(c)(3)The Child Victim Intervention Program at local Elementary Schools$30,000
Southern Institute for Appropriate TechnologyLineville, AL501(c)(3)Life Changing, Appropriate Technology, Teaching Pavilion$30,000
The Sanctuary Foster Care ServicesHouston, TX501(c)(3)Operating Budget$30,000
Vita Living IncHouston, TX501(c)(3)Community Living Assistance and Support Services Program$30,000
Backpack Buddy (Santa Fe)Santa Fe, TX501(c)(3)Operating Budget- Backpack Buddy$25,000
CHRISTUS Foundation for HealthCareHouston, TX501(c)(3)CHRISTUS Our Daily Bread- Operating Budget$25,000
Holy Sews IncLittle Rock, AR501(c)(3)Operating Budget$25,000
Houston HospiceHouston, TX501(c)(3)Charity Care Program and Humanitarian/Wishes Fund$25,000
Houstons Amazing Place IncHouston, TX501(c)(3)Family Caregiver Support Programs$25,000
Inspiration RanchMagnolia, TX501(c)(3)Equine-Assisted Mental Health and Learning Program$25,000
Runnin' WJ RanchTexarkana, TX501(c)(3)Job Training for Special Needs Adults$25,000
SpringSpiritHouston, TX501(c)(3)Whole Child Model (C3)$25,000
SpringSpiritHouston, TX501(c)(3)Whole Child Model (C1)$25,000
Texas Hearing InstituteHouston, TX501(c)(3)Specialized Pediatric Audiology Services for Children with Hearing Loss$25,000
Wellsprings VillageHouston, TX501(c)(3)Operating Budget$25,000
Holy Covenant United Methodist ChurchKaty, TX501(c)(3)Emergency Relief - Storm Damage$24,930
St Vincent's Hope ClinicGalveston, TX501(c)(3)Emergency bill pay$21,753
Center for Youth Ministry TrainingBrentwood, TN501(c)(3)Vocational Development Ministry Network$20,700
Bridges To LifeHouston, TX501(c)(3)Operating Budget$20,000
Fanfare Lutheran Music AcademyGalveston, TX501(c)(3)Operating Budget$20,000
First Lutheran Church GalvestonGalveston, TX501(c)(3)Feed Galveston$20,000
General Board of Global Ministries United Methodist ChurchAtlanta, GA501(c)(3)Growing Hope Globally$20,000
General Board of Global Ministries United Methodist ChurchAtlanta, GA501(c)(3)Society of St. Andrew$20,000
General Board of Global Ministries United Methodist ChurchAtlanta, GA501(c)(3)Tree of Life Ministry$20,000
General Board of Global Ministries United Methodist ChurchAtlanta, GA501(c)(3)SIFAT (Servants in Faith and Technology)$20,000
General Board of Global Ministries United Methodist ChurchAtlanta, GA501(c)(3)The Big Garden$20,000
Hope WalksYork Springs, PA501(c)(3)Holistic Clubfoot Care and Treatment in Kenya$20,000
IM Houston (Interfaith Ministries for Greater Houston)Houston, TX501(c)(3)Meals on Wheels for Galveston County$20,000
Karnack United Methodist ChurchKarnack, TX501(c)(3)Karnack Methodist Food Pantry$20,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)St. Vincent's House- Pit Count gift cards$20,000
The Beacon of Downtown HoustonHouston, TX501(c)(3)Brigid's Hope: Reducing recidivism for women who have been justice involved$20,000
Wesley College FoundationClarksville, TN501(c)(3)Business Accelerator$16,150
Dan's House of HopeHouston, TX501(c)(3)Operating Budget$15,000
Project Graduation Inc Ball High SchoolGalveston, TX501(c)(3)Ball High School Project Graduation$15,000
Holly HallHouston, TX501(c)(3)Chapel Enrichment Program$14,000
Boone United Methodist Church IncBoone, NC501(c)(3)Hurricane Helene$10,000
Central United Methodist ChurchGalveston, TX501(c)(3)Air Conditioning Repair$10,000
First United Methodist Church LibertyLiberty, TX501(c)(3)Liberty Flood Disaster Relief$10,000
Human Trafficking InstituteWashington, DC501(c)(3)Effective Investigation for Texas Child CSE Victims$10,000
Marshall First United Methodist ChurchMarshall, TX501(c)(3)Marshall FUMC- Fire Relief$10,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Hurricane Beryl Relief$10,000
United Women in Faith of Moody Methodist ChurchGalveston, TX501(c)(3)Grace Bags$10,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)GPD Chaplain Program Costs$5,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Seaside Senior Expo Support$1,000
Moody Memorial First United Methodist ChurchGalveston, TX501(c)(3)Seaside Senior Expo Support$1,000

International Summary

Offices
0
Employees
0
Spending
$27,996,210

International Compliance

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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Cayman IslandsInvestments-00$27,146,071
Europe (Including Iceland & Greenland)Investments-00$850,139
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
Annual disclosure for covered persons
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

Form 990, Part VI, Section A, line 7A

The Moody Methodist Church Charge Conference annually elects the PEF directors through the process described in the Revised By-laws.

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

Copies of the Form 990 are distributed to the Board Members for review and approval before filing.

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

All staff, officers, and board directors are covered by the policy. The Board determines if there is a conflict. The person(s) with the conflict refrains from voting on the issue.

Form 990, Part VI, Section B, line 15

The Board approves the compensation of the Executive Director, CFO, and all employees.

Form 990, Part VI, Section C, line 19

Upon request.

Filing and Contact Details

Filer

Filer Name
Permanent Endowment Fund of
EIN
76-0680471
Phone
4094435577
Address
2200 Market Street, Galveston, TX 77550

Signing Officer

Name
Bill Glenn
Title
Board Chair
Phone
4094435577
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bert R Bagley
Formed
1980
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
8
Employees
4
Volunteers
9

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Raw XML AppendixShowing 400 of 1,715 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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IRS990/AllOtherContributionsAmt0292533380
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Bert R Bagley
IRS990/BooksInCareOfDetail/PhoneNum04094435577
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02200 Market St Ste 750
IRS990/BooksInCareOfDetail/USAddress/CityNm0Galveston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt940853
IRS990/Form990PartVIISectionAGrp/PersonNm0Bill Glenn III
IRS990/Form990PartVIISectionAGrp/PersonNm1Ramona Webb Holbrook
IRS990/Form990PartVIISectionAGrp/PersonNm2Armin Cantini
IRS990/Form990PartVIISectionAGrp/PersonNm3Edie Harrington
IRS990/Form990PartVIISectionAGrp/PersonNm4Matthew Hay
IRS990/Form990PartVIISectionAGrp/PersonNm5Donna Lang
IRS990/Form990PartVIISectionAGrp/PersonNm6Jere Pederson
IRS990/Form990PartVIISectionAGrp/PersonNm7Danica Premirelli
IRS990/Form990PartVIISectionAGrp/PersonNm8Kelly Schwab
IRS990/Form990PartVIISectionAGrp/PersonNm9Bert Bagley
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair, Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/GrantsToOrganizationsInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0The mission of the Endowment is to hold, administer and distribute funds exclusively to and in aid of the religious, charitable and educational purposes of Moody Methodist Church.
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IRS990/PrincipalOfficerNm0Bert R Bagley
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Permanent Endowment Fund of the Moody Memorial First Methodist Church (PEF) is organized to conduct and support activities for the benefit of, or to carry out, the purposes of the Moody Methodist Church. The PEF accomplishes these goals by awarding grants to the Moody Methodist Church specifically as well as other charitable, educational, and religious organizations for purposes consistent with the mission of the United Methodist Church.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 6:
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IRS990ScheduleI/RecipientTable/CashGrantAmt4339900
IRS990ScheduleI/RecipientTable/CashGrantAmt4475000

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