2023-05-11T13:04:00-07:00 2022-12-31 990 2022-01-01 237258100 UNITED METHODIST FOUNDATION OF INDIANA INC UNIT 3177887879 8401 Fishers Center Drive Fishers IN 46038 Christopher Jacobs Controller 3177887879 2023-05-15 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z D Manet Shettle 8401 Fishers Center Drive Fishers IN 46038 2213393 0 X www.umfindiana.org X 1962 IN Resourcing the mission and ministry of United Methodist and other Wesleyan-based churches in Indiana in the area of stewardship. 17 17 9 30 0 0 265505 215044 1451917 1439260 2452216 531310 3917 27779 4173555 2213393 1427398 1329715 0 0 877947 845054 0 0 3734 448818 518813 2754163 2693582 1419392 -480189 125598510 102704929 96200318 79388709 29398192 23316220 Resourcing mission and ministry of United Methodist and other Weslyan-based churches in Indiana through stewardship development. 0 0 177313 0 112310 The first program is General Services. The Foundation serves United Methodist and other Wesleyan-based churches, agencies, and members in the following ways: It provides investment management services to local churches, agencies, and boards. It assists local churches in developing, promoting, and managing their endowment programs. It provides educational seminars on stewardship, planned giving, estate planning, capital campaigns, and related subjects. It provides administrative services for donors making deferred gifts to their church or a church related mission or ministry. 1329715 937389 -4024491 The second program area is legacy grants. The Foundation acts as trustee and administers funds for the benefit of local churches and church related ministries and missions. It manages and administers endowment funds of the Foundation and distributes earnings. It evaluates grant requests, selects qualified recipients, and makes disbursements to qualified recipients. In general it supports the church's evangelical and social service programs, aims, and purposes of the United Methodist denomination in Indiana. 256491 637 523791 The third program is the Loan and Savings Ministry. The Loan and Savings Ministry provides funding to United Methodist and other Wesleyan-based churches and agencies in Indiana to purchase, build, or repair projects related to their church buildings and parsonages. 0 0 0 1763519 1 1 0 0 0 1 0 0 1 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 37 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X D Manet Shettle 3177887879 8401 Fishers Center Drive Fishers IN 46038 D Manet Shettle President 40 X 141966 0 31677 Dave Berry Director 0.5 X 0 0 0 Monte Chamberlin Chair 1 X 0 0 0 John Clay Director 1 X 0 0 0 Teri Crouse Director 0.5 X 0 0 0 Karla Elliott Director 0.5 X 0 0 0 Daryl Gilbert Director 0.50 X 0 0 0 Shalimar Holderly Director 1 X 0 0 0 Shelley Johnson Director 0.5 X 0 0 0 Chris Lantz Director 0.5 X 0 0 0 Jeff Lorentson Vice Chair 1 X 0 0 0 James Need Director 1 X 0 0 0 Larry Price Director 0.5 X 0 0 0 Larna Spearman Director 0.5 X 0 0 0 Lee White Director 0.5 X 0 0 0 Larry Whitehead Director 0.5 X 0 0 0 Craig Wood Director 0.5 X 0 0 0 Margaret Wood Director 0.5 X 0 0 0 Heidi Harding Director 0.5 X 0 0 0 David Robinson Director 0.5 X 0 0 0 141966 0 31677 1 0 1 0 0 0 0 0 0 0 215044 0 215044 Management Fees 900099 830938 830938 0 0 Net Interest Income from mortgage notes receivable 900099 608322 608322 0 0 0 0 0 0 1439260 531310 531310 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27779 27779 0 0 27779 2213393 1998349 0 0 1047879 1047879 281836 281836 0 0 0 0 134469 51730 82282 457 0 0 0 0 593314 190945 399577 2792 55010 21236 33546 228 36029 13909 21971 149 26232 10127 15997 108 0 0 0 0 20301 17262 3039 0 50100 16380 33720 0 0 0 0 0 0 0 142713 67174 75539 0 0 0 0 0 7686 0 7686 0 49968 7082 42886 0 53399 12617 40782 0 0 0 0 0 90270 12795 77475 0 27569 6514 21055 0 0 0 0 0 3965 937 3028 0 0 0 0 0 0 0 0 0 23314 0 23314 0 4977 0 4977 0 44551 5096 39455 0 2693582 1763519 926329 3734 490663 969875 0 0 0 0 78060 26289 0 0 0 0 22448069 22997629 0 0 256955 489466 168403 119242 37704 49161 0 0 69235890 54230014 33051169 23942495 0 0 0 0 125598510 102704929 386262 339932 0 0 0 0 0 0 67263086 53039769 0 0 0 750000 0 0 28550970 25259008 96200318 79388709 X 6298564 5123100 23099628 18193120 29398192 23316220 125598510 102704929 -480189 -5601783 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 0 2903 0 36440 0 580892 0 1 1 0 1 X 23305681 188046 -3529299 699007 0 322507 18942914 22282229 242048 2344412 1233259 0 329749 23305681 19390944 407367 3544369 733734 0 326717 22282229 15656200 1846021 3923700 1712511 0 322466 19390944 17368282 122548 -1014173 541971 0 279486 15655200 0.0772 0.7412 0.1816 0 0 0 0 0 0 0 0 0 0 0 0 0 0 168403 119242 49161 0 0 0 0 49161 Funds held for others 53039769 F Funds held in trusts 1190245 F 54230014 Funds held for Donor Advised Funds 580892 F Funds held for endowed ministry purposes 18942914 F Funds held by Loan & Savings Ministry 2746594 F Funds held for ministry operations 1672095 F 23942495 0 Liabilities under unitrust agreement 607236 Annuities payable 827006 Deposits held with Loan & Savings Ministry 23555045 Operating Lease Liabilities 269721 25259008 X -3388390 -5484174 0 0 -117609 -5601783 2213393 0 0 0 2213393 2693582 0 0 0 0 0 2693582 0 0 0 2693582 Schedule D, Part IV, Line 2b Funds held for others consists of agency funds of churches and Conference related entities held with the Foundation for management purposes. Schedule D, Part V, Line 4 Endowment funds are used to further the mission and ministry of the United Methodist Church and other Wesleyan-based churches in Indiana and to support and educate clergy and laity of these churches. Schedule D, Part X, Line 2 Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability if UMFI and the Loan Fund have taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the UMFI and the Loan Fund, and has concluded that as of December 31, 2022 and 2021, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. Schedule D, Part XI, Line 2d Change in value of annuities, trusts, and beneficial interests in trusts. 1 Linton First United Methodist Church 150 2nd Street NE Linton IN 47441 351587477 501(c)(3) 5400 0 Loaves & Fishes program Indiana Conference of the UMC 301 Pennsylvania Pkwy Suite 300 Indianapolis IN 46280 270264680 501(c)(3) 226971 0 Retired clergy insurance 2 0 Ministers Aid Retiree Emergencies 3 46790 0 Tire Fund for Clergy Emergencies 3 2482 0 Gift Annuities 33 91381 0 Charitable Remainder Trust Distributions 6 75060 0 Mission Trip Assistance 14 4828 0 Seminary Scholarships 10 50166 0 Undergraduate Scholarships 11 11129 0 Schedule I, Part I, Line 2 Submitted grant applications are reviewed by a committee and recipients are selected based on criteria established by the Foundation. The Foundation requests grant recipients submit a report subsequent to completion of the project or mission receiving funding to monitor the use of funds. X X 0 0 0 0 0 0 0 0 0 D Manet Shettle President 141966 0 0 0 0 0 13494 0 18183 0 173643 0 0 0 Karla Elliott Director 5840 Grant Seminary Scholarship Form 990, Part VI, Section B, Line 11b The Form 990 was distributed electronically to all current board members. It will be reviewed and discussed at the subsequent meetings of both the Finance & Operations Committee and the Board of Directors. Form 990, Part VI, Section B, Line 12c The board requires all board members to complete a conflict of interest statement annually. These statements are available to the Executive Committee of the board and are reviewed by the President for any undisclosed conflicts of which they are aware or new conflicts that should be presented to the Executive Committee for review and determination of action. Form 990, Part VI, Section B, Line 15 The President's compensation package is established by review and approval of the Board of Directors' Executive Committee. An evaluation of the President is completed, and the salary is established based on the evaluation of comparable salaries for similar sized United Methodist foundations in the United States. All actions are documented in the minutes of the Executive Committee. This was last completed in January 2022. Form 990, Part VI, Section C, Line 19 Abbreviated financial information is provided in an annual report distributed to all current and recently disaffiliated United Methodist congregations in Indiana. Additionally all policies, governing documents, and summarized financial statements are available upon request. IN Loan and Savings Ministry LLC 8401 Fishers Center Drive Fishers IN 46038 352134383 Loaning funds to churches and agencies in Indiana IN 523154 26284608 United Methodist Foundation of Indiana Inc