Civic Intelligence

First United Methodist Church of Wilson Endowment Fund a Non-Pro

990 • Fiscal year 2023 • EIN 83-2565434

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 17, 2024

Organization ProfileN/A
PO Box 8254Wilson, NC 27893

(252) 315-0910

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Net Margin

98th percentile

99%

Higher net margin than 98% of similar nonprofits.

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$0

Higher top officer pay than 60% of similar nonprofits.

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

2023 filings • NTEE X • $1M-$5M nonprofits • Source year 2023

Asset Growth

51st percentile

5.1%

Faster asset growth than 51% of similar nonprofits.

2023 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-14%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$4,181,698

Up $202,455 (+5.1%) from 2022

Net Assets

Up

$4,181,698

Up $202,455 (+5.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin98th percentile

Revenue

Down

$205,016

Down $32,687 (-14%) from 2022

Expenses

Down

$2,561

Down $82,876 (-97%) from 2022

Net Income

Up

$202,455

Up $50,189 (+33%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$6.0M$4.0M$2.0M$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $0Net Assets 2019: $02019Assets 2020: $101,788Net Assets 2020: $101,7882020Assets 2021: $3,826,977Liabilities 2021: $0Net Assets 2021: $3,826,9772021Assets 2022: $3,979,243Liabilities 2022: $0Net Assets 2022: $3,979,2432022Assets 2023: $4,181,698Liabilities 2023: $0Net Assets 2023: $4,181,6982023Assets 2024: $4,464,841Liabilities 2024: $0Net Assets 2024: $4,464,8412024

Highlighted filing

2023

Assets$4,181,698
Liabilities$0
Net Assets$4,181,698
Open 2023 Filing

Operations Trend

Revenue Growth25th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2020: $228Expenses 2020: $1,236Net Income 2020: -$1,0082020Revenue 2021: $285,212Expenses 2021: $20,892Net Income 2021: $264,3202021Revenue 2022: $237,703Expenses 2022: $85,437Net Income 2022: $152,2662022Revenue 2023: $205,016Expenses 2023: $2,561Net Income 2023: $202,4552023Revenue 2024: $339,104Expenses 2024: $55,961Net Income 2024: $283,1432024

Highlighted filing

2023

Revenue$205,016
Expenses$2,561
Net Income$202,455
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 17, 2024
Return Version
2023v5.0
Gross Receipts
$205,016
Mission and Program Overview

Mission

Organization was organized to manage endowment funds for first united methodist church of wilson nc. Contributions from donors are invested and used to support missons, maintenance, scholarships and programs of the church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,729,708$3,923,533▲ $193,825
Cash and Non-Interest-Bearing Accounts$249,535$258,165▲ $8,630
Total Assets$3,979,243$4,181,698▲ $202,455
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,979,243$4,181,698▲ $202,455
Total Net Assets Fund Balance$3,979,243$4,181,698▲ $202,455
Total Liabilities and Net Assets / Fund Balance$3,979,243$4,181,698▲ $202,455
Compensation and Service Providers
Top Officer Pay60th percentile

Board Members and Trustees

NameTitle
Sandy ClarkChair
Bea NewtonDirector
Ben CoulterDirector
Bill PresnellDirector
Miller GibbonsDirector
Jim BellDirector Ex
Delana RountreeSecretary
Robert SatterfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,415
Program Service Revenue
$0
Investment Income
$196,601
Other Revenue
$0
All Other Contributions
$8,415
Change in Net Assets
$202,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$1,413-$1,413
Other Expenses-$362-$362
Office Expenses$240$96-$336
Fees for Services Accounting-$250-$250
Information Technology-$200-$200
Total Functional Expenses$240$2,321$0$2,561
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed by the officers of the governing body before it is electronically filed.”

Form 990, Page 6, Part VI, Line 12C

“Acknowledgement and disclosure form reviewed yearly by the committee on corporate governance.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
First United Methodist Church of
EIN
83-2565434
Phone
2523150910
Address
PO BOX 8254, WILSON, NC 27893
Doing Business As
A Nonprofit Corporation Inc

Signing Officer

Name
Robert Satterfield
Title
Treasurer
Phone
2523150910
Signed
2024-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Satterfield
Formed
2018
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Narron & Holdford Pa
Address
PO DRAWER 279, WILSON, NC 27894
Preparer
Timothy E Cobb
Phone
2522373153
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Organization was organized to manage endowment funds for first united methodist church of wilson nc. Contributions from donors are invested and used to support missons, maintenance, scholarships and programs of the church.”

Form 990, Part XI, Line 9

“Funds transferred from 501(c)(3) organization 0”

Raw XML Appendix350 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SENIOR MINISTER OF THE SUPPORTED ORGANIZATION(FIRST UNITED METHODIST CHURCH OF WILSON), SERVES AS A DIRECTOR OF THESUPPORTING ORGANIZATION. THIS OVERLAP BETWEEN THE LEADERSHIP OF THESUPPORTING AND SUPPORTED ORGANIZATIONS ALLOWS FOR PROMPT AND ACCURATECOMMUNICATION OF THE SUPPORTED ORGANIZATION'S NEEDS, AS WELL AS EQUALLYPROMPT AND SATISFACTORY FULFILLMENT OF THOSE NEEDS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTING ORGANIZATION'S SOLE ACTIVITY IS THE COLLECTION, MANAGEMENT, AND DISBURSEMENT OF FUNDS WHICH ARE USED DIRECTLY TO FUND THE MINISTRY, MISSION WORK, AND BUILDING MAINTENACE OF THE CHURCH, ALL OF WHICH FURTHER ITS EXEMPT RELIGIOUS PURPOSE. THE NECESSITY OF FUNDS FOR THESE ACTIVITIES IS MADE KNOWN TO THE ORGANIZATION AS A RESULT OF THE CLOSE WORKING RELATIONSHIP BETWEEN THE LEADERS OF THE SUPPORTED ORGANIZATION, SUCH AS ITS SENIOR MINISTER, AND THE DIRECTORS OF THE SUPPORTING ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2ALL OF THE SUPPORTED ORGANIZATION'S ACTIVITIES AND PROGRAMS WHICH ARE SUPPORTED BY THE SUPPORTING ORGANIZATION ARE FIRST DESIGNED AND APPROVED BY THE SUPPORTED ORGANIZATION, AND THEREFORE THE COLLECTION, MANAGEMENT, AND APPLICATION OF FUNDS FOR THESE ACTIVITES AND PROGRAMS ARE ACTIVITIES IN WHICH, BUT FOR THE SUPPORTING ORGANIZATION'S INVOLVEMENT, THE SUPPORTED ORGANIZATION WOULD NORMALLY BE INVOLVED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION WAS ORGANIZED TO MANAGE ENDOWMENT FUNDS FOR FIRST UNITED METHODIST CHURCH OF WILSON NC. CONTRIBUTIONS FROM DONORS ARE INVESTED AND USED TO SUPPORT MISSONS, MAINTENANCE, SCHOLARSHIPS AND PROGRAMS OF THE CHURCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE OFFICERS OF THE GOVERNING BODY BEFORE IT IS ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACKNOWLEDGEMENT AND DISCLOSURE FORM REVIEWED YEARLY BY THE COMMITTEE ON CORPORATE GOVERNANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FUNDS TRANSFERRED FROM 501(C)(3) ORGANIZATION 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd027893
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IRS990/VotingMembersIndependentCnt07
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SATTERFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02523150910
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST UNITED METHODIST CHURCH OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0WILSON ENDOWMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0832565434
ReturnHeader/Filer/PhoneNum02523150910
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8254
ReturnHeader/Filer/USAddress/CityNm0WILSON
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO DRAWER 279
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027894
ReturnHeader/PreparerPersonGrp/PhoneNum02522373153
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY E COBB
ReturnHeader/ReturnTs02024-09-03T09:14:20-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,181,698
Liabilities
$0
Net assets
$4,181,698
Revenue
$205,016
Expenses
$2,561
Net income
$202,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.46$0.00$4.46$0.34$0.06$0.28
2023Detailed filing. Detailed filing data is available for this year.$4.18$0.00$4.18$0.21$0.00$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.98$0.00$3.98$0.24$0.09$0.15
2021Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$0.29$0.02$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.10$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00