2023-08-01T11:05:28-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-01-01 591148710 FLORIDA UNITED METHODIST FOUNDATION INC FLOR 8639042970 450 MARTIN LUTHER KING JR AVENUE LAKELAND FL 33815 EDWARD NEW PRESIDENT 8639042970 2023-07-31 1 EDWARD NEW 999009999 0 AMY CHAPMAN P00843460 4078021200 2023-07-31 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z EDWARD NEW 450 MARTIN LUTHER KING JR AVENUE LAKELAND FL 33815 11983575 0 X WWW.FUMF.ORG X 1966 FL TO STRENGTHEN MINISTRIES OF UNITED METHODIST CHURCHES AND AGENCIES BY PROMOTING CHRISTIAN STEWARDSHIP THROUGH EDUCATION, CONSULTING, DEVELOPMENT AND FINANCIAL SERVICES. 19 19 16 22 0 0 315641 170027 5477132 5474010 1467483 -28273 19171 4611 7279427 5620375 389670 29670 0 0 1971740 1924355 0 0 0 3909376 3897373 6270786 5851398 1008641 -231023 285393023 262067515 270424342 249400044 14968681 12667471 X SEE SCHEDULE O 0 0 5493076 29670 5474010 THE FOUNDATION IS A RELATED, BUT SEPARATELY ORGANZIED, ENTITY WITH THE PURPOSE OF SERVING THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. ITS PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. IT SERVES AS A CHANNEL FOR PHILANTHROPIC GIVING TO LOCAL CHURCHES, AGENCIES AND INSTITUTIONS AFFILIATED WITH THE FLORIDA CONFERENCE THROUGH VARIOUS TRUST VEHICLES. IN ADDITION, FUNDS DEPOSITED WITH THE FOUNDATION MAY BE LOANED TO UNITED METHODIST CHURCHES, AGENCIES AND INSTITUTIONS PRIMARILY WITHIN THE FLORIDA CONFERENCE FOR BUILIDING AND OTHER CAPITAL PROJECTS. NUMBER OF UNITED METHODIST CHURCHES AND OTHER AGENCIES WITH THE FLORIDA ANNUAL CONFERENCE BENEFITED: CHURCHES 570. 5493076 1 1 0 0 0 1 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 919 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAMELA HICKS 8639042970 450 MARTIN LUTHER KING JR AVENUE LAKELAND FL 33815 C RONALD COLEMAN JR CHAIRPERSON 4.30 X X 0 0 0 STEPHEN BELL VICE CHAIRPERSON 4.30 X X 0 0 0 REV DR SHERYL MARKS-WILLIAMS SECRETARY 4.30 X X 0 0 0 REV LAWRENCE Q BARRINER 063022 BOARD MEMBER 4.30 X 0 0 0 REV ROBERT BLEDSOE BOARD MEMBER 4.30 X 0 0 0 KIM CLARKE BOARD MEMBER 4.30 X 0 0 0 MARKITA COOPER 063022 BOARD MEMBER 4.30 X 0 0 0 BRUCE FORD BOARD MEMBER 4.30 X 0 0 0 WILLIAM FRYE JR BOARD MEMBER 4.30 X 0 0 0 DANIEL S HAGER BOARD MEMBER 4.30 X 0 0 0 LARRY HANNAH BOARD MEMBER 4.30 X 0 0 0 JERRY HARALSON BOARD MEMBER 4.30 X 0 0 0 EMMA HARMON BOARD MEMBER 4.30 X 0 0 0 JOSEPH HURT BOARD MEMBER 4.30 X 0 0 0 PHYLLIS KLOCK BOARD MEMBER 4.30 X 0 0 0 REV RICHARD NUSSELL BOARD MEMBER 4.30 X 0 0 0 FELIX RIVERA BOARD MEMBER 4.30 X 0 0 0 BEN SIMMONS BOARD MEMBER 4.30 X 0 0 0 TAMIKA SMITH BOARD MEMBER 4.30 X 0 0 0 REV DR DENNIS VLASSIS BOARD MEMBER 4.30 X 0 0 0 REV CESAR VILLAFANA BOARD MEMBER 4.30 X 0 0 0 JANE ZODY 063022 BOARD MEMBER 4.30 X 0 0 0 REV MARK E BECKER PRESIDENT (RETIRED 10/1/2022) 37.50 X 106281 0 63387 EDWARD NEW PRINCIPAL OFFICER 37.50 X 63446 0 43072 PAMELA W HICKS VICE PRESIDENT 37.50 X 166229 0 32376 REV JOHN PETERSON VICE PRESIDENT 37.50 X 86811 0 105932 ANDREW CRASKE VICE PRESIDENT 37.50 X 128885 0 34338 ELIZABETH PARHAM VICE PRESIDENT 37.50 X 119329 0 22345 MARGARET G COX TREASURER 37.50 X 106071 0 16616 777052 0 318066 5 0 1 0 0 170027 170027 INTEREST - LOANS 525920 4111019 4111019 INT - UNLOANED CASH 525920 775015 775015 TRUST ADMINISTRATIVE FEES 525920 583699 583699 EDUCATIONAL CONFERENCES AND SEMIN 525920 3525 3525 SERVICE FEES 525920 752 752 5474010 64734 64734 6269193 1000 6363200 0 -94007 1000 -93007 -93007 MISCELLANEOUS INCOME 900099 4611 4611 4611 5620375 5474010 0 -23662 29670 29670 1106888 950131 156757 501837 431078 70759 60223 52354 7869 181721 160491 21230 73686 67610 6076 33079 26240 6839 43613 34597 9016 37013 29361 7652 163544 163544 106184 91683 14501 177441 161684 15757 63639 57386 6253 39464 33659 5805 20559 18829 1730 2916594 2916594 92381 83046 9335 106608 96934 9674 CONSTITUENT RELATIONS 83164 76972 6192 ASSOCIATION FEES 8726 6633 2093 EQUIPMENT RENTAL/MAINTE 2427 2423 4 2937 2157 780 5851398 5493076 358322 0 121 196 47602728 14333509 109686788 105188112 68039 63044 2498988 1322000 1209874 1176988 6979066 5904447 14712993 44663962 105133414 90737257 285393023 262067515 939595 566881 55000 30000 103993295 89763168 250000 250000 165186452 158789995 270424342 249400044 X 11331515 9309564 3637166 3357907 14968681 12667471 285393023 262067515 X -231023 -1938106 -132081 X 0 1 X 1 0 X X 1 UMCAGENCIES WITHIN FL ANNUAL CONFERENCE 590904361 1 1 5493077 0 1 5493077 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14 37093 121534 489371 1 1 0 1 X 7723062 43870 -1220903 29670 6516359 6701146 198504 853082 29670 7723062 6369964 9620 351232 29670 6701146 5639817 42913 716559 29325 6369964 6177361 82236 -590800 28980 5639817 0.32090 0.09390 0.58518 1 0 1860290 750609 1109681 460026 392719 67307 178672 178672 0 1176988 VANGUARD INVESTMENTS 6815314 F BOYD INVESTMENTS 6887826 F DF SMITH BARNEY CD'S 7993000 F US TREASURY BILL 23038364 F ADJUST CD'S TO FMV -70542 F 44663962 ACCRUED INTEREST RECEIVABLE 232643 FUTURE INTEREST IN TRUST ASSETS 611908 CASH AND INVESTMENTS HELD AS CUSTODIAN, AT MARKET 89871433 ACCOUNTS RECEIVABLE 21273 90737257 DEPOSITS, INTEREST BEARING 158789995 158789995 3386645 -1938106 -132081 -2070187 5456832 163543 163543 5620375 5687855 0 5687855 163543 163543 5851398 PART IV, LINE 2B: THE FOUNDATION ENTERS INTO SEVERAL AGREEMENTS THAT BENEFIT UNITED METHODIST CHURCHES OR AGENCIES THROUGH THE USE OF THE COMMON FUNDS. THESE AGREEMENTS INCLUDE FUMF FUNDS AGREEMENTS (A TOOL FOR THE CHURCHES TO INVEST IN OUR ENDOWMENTS), CHARITABLE REMAINDER TRUST (THE FOUNDATION IS THE TRUSTEE), CHARITABLE GIFT ANNUITIES, DONOR ADVISED FUNDS AND MANAGED TRUSTS (THE FOUNDATION IS NOT THE TRUSTEE). THESE ASSETS AND LIABILITIES ARE EQUAL AND SHOWN AS CUSTODIAL. THE RELATED REVENUES AND EXPENSES ARE NOT CONSIDERED PART OF THE FOUNDATION'S OPERATIONS AND ARE NOT REFLECTED IN ITS FINANCIAL STATEMENTS. PART V, LINE 4: DURING 1985 AN ENDOWMENT WAS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS IN ORDER TO PROVIDE THE ORGANIZATION WITH INCOME TO ASSIST IN FUNDING ITS MANAGEMENT AND GENERAL COSTS. ADDITIONAL RESTRICTED NET ASSETS WERE ADDED TO THE ENDOWMENT IN 2006, 2010, 2011, 2012, 2014, 2020, 2021, AND 2022 FROM TRUSTS AND VARIOUS RESTRICTED GIFTS. THE ENDOWMENT ALSO INCLUDES SPLIT INTEREST AGREEMENTS, CHARITABLE REMAINDER TRUSTS, AND GIFT ANNUITIES CREATED BY DONORS WITH THE ORGANIZATION AS A REMAINDER BENEFICIARY. IN 2011 AN ENDOWMENT WAS SET UP FOR A SPECIFIC RESTRICTED PURPOSE AND IS SHOWN IN THE DONOR RESTRICTIONS. THE PURPOSE WAS TO ESTABLISH A PERMANENT ENDOWED SCHOLARSHIP FOR THE FLORIDA CONFERENCE CAMPS AND RETREATS SITE. ADDITIONAL FUNDS WERE ADED TO THIS ENDOWMENT IN 2013. IN 2021, TWO NEW ENDOWMENTS WERE SET UP FOR A SPECIFIC RESTRICTED PURPOSE AND IS SHOWN IN THE DONOR RESTRICTIONS. THE GERALDINE WILLIAMS MCCLELLAN SCHOLARSHIP FUND IS A SEPARATE FUND FOR THE PURPOSE OF PROVIDING AN ANNUAL SCHOLARSHIP TO A STUDENT AT GAMMON THEOLOGICAL SEMINARY WHO IS FROM THE STATE OF FLORIDA. THE BEN AND MARTHA SIMMONS SCHOLARSHIP FUND IS A SEPARATE FUND FOR THE PURPOSE OF PROVIDING ONE OR MORE SCHOLARSHIPS TO A MINISTERIAL STUDENT IN GRADUATE STUDIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF FUTURE INTEREST IN TRUSTS -132,081. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADMINISTRATIVE FEES 163,543. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADMINISTRATIVE FEES 163,543. 1 FAC BOARD OF CAMPS & RETREAT MINISTRIES 450 MARTIN L KING JR AVE LAKELAND FL 33815 590904361 29240 0 N/A N/A BELL ENDOWED CAMPING SCHOLARSHIP FUND PART I, LINE 2: THE ADVANCEMENT AND GRANTS COMMITTEE UPDATED POLICIES AND GRANT PROCEDURES IN 2021. CURRENTLY THERE ARE TWO GRANT TYPES: FUTURE GENERATIONS FUND AND EMERGENCY GRANTS. THE FUTURE GENERATIONS FUND: THIS FUND WAS ESTABLISHED IN 2016 TO PROVIDE GRANTS TO PROGRAMS AND MINISTRIES THAT FOSTER THE SPIRITUAL DEVELOPMENT OF YOUNG PEOPLE (NEWBORN TO 30 YEARS OLD) AND NURTURE THEIR DEVELOPMENT AS CHURCH LEADERS. ANY PROGRAM CONSIDERED FOR GRANT FUNDING IS EXPECTED TO MEET THE FOLLOWING CRITERIA: A. BE WELL PLANNED AND EFFICIENT IN ITS USE OF FUNDS. B. HAVE IDENTIFIED ADEQUATE LOCAL AND EXTENDED SUPPORT TO SUSTAIN THE MINISTRY BEYOND THE GRANT PERIOD. C. INCLUDE EFFORTS TO COLLABORATE WITH OTHER AGENCIES AND GROUPS, SUCH AS LOCAL SCHOOLS AND PROGRAMS, MAXIMIZING REQUESTED FUNDS. D. INVOLVE VOLUNTEER LEADERSHIP AND STAFFING WHERE APPROPRIATE. E. PROVIDE MATCHING FUNDS. EMERGENCY GRANTS: WHEN THERE IS AN URGENT NEED DUE TO A WIDESPREAD EMERGENCY OR NATURAL DISASTER, THE FOUNDATION PRESIDENT IS EMPOWERED TO GRANT UP TO $10,000 AT HIS OR HER DISCRETION, IN CONSULTATION WITH THE COMMITTEE CHAIR, WITHOUT A CALLED MEETING OF THE ADVANCEMENT AND GRANTS COMMITTEE. SUCH GRANTS WILL BE IMMEDIATELY DISCLOSED TO THE FULL BOARD AND FOUNDATION STAFF. GRANTS WILL BE MADE TO THE AFFECTED ANNUAL CONFERENCE OR THE UNITED METHODIST COMMITTEE ON RELIEF. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 PAMELA W HICKS VICE PRESIDENT 166229 0 0 0 0 0 20310 0 16462 0 203001 0 0 0 REV JOHN PETERSON VICE PRESIDENT 86811 0 0 0 0 0 18143 0 93128 0 198082 0 0 0 REV MARK E BECKER PRESIDENT (RETIRED 10/1/2022) 106281 0 0 0 0 0 37287 0 29318 0 172886 0 0 0 ANDREW CRASKE VICE PRESIDENT 128885 0 0 0 0 0 16051 0 20052 0 164988 0 0 0 PART I, LINE 1A TOTAL COMPENSATION BUDGET FOR ALL EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS. AS PERMITTED BY IRC 107, OFFICERS AND KEY EMPLOYEES WHO ARE "MINISTERS OF THE GOSPEL" MAY DESIGNATE A PORTION OF THEIR COMPENSATION AS A HOUSING ALLOWANCE EXCLUSION FOR THE UPCOMING YEAR. THE DESIGNATION OF COMPENSATON IS APPROVED BY THE BOARD OF DIRECTORS AT A DULY CALLED MEETING. IN 2022, ELIZABETH PARHAM RECEIVED $36,740 OF SEVERANCE PAY. FORM 990, PART III, LINE 1: THE ORGANIZATION'S MISSION THE CORPORATION IS FORMED EXCLUSIVELY FOR CHARITABLE AND RELIGIOUS PURPOSES AND TO PROMOTE AND SUPPORT THE MISSION OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH UNDER THE PROVISIONS OF CHAPTER 617, FLORIDA STATUTES, AND NOT FOR PECUNIARY PROFIT OR FINANCIAL GAIN. THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: A. TO ACT AS TRUSTEE, TO ADMINISTER TRUSTS, TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES, AND TO THAT END TO TAKE TITLE TO AND HOLD, BY CONTRACT, BEQUEST, DEVISE, GIFT, PURCHASE OR LEASE, EITHER ABSOLUTELY OR IN TRUST, ANY PROPERTY, REAL, PERSONAL AND MIXED, WITHOUT LIMITATIONS AS TO AMOUNTS OR VALUE; B. TO RECEIVE, ADMINISTER AND PARTICIPATE IN CHARITABLE REMAINDER TRUSTS, UNITRUSTS AND OTHER LIKE TRUSTS, TO THE EXTENT THIS CORPORATION IS LAWFULLY PERMITTED TO DO SO; TO SELL, CONVEY AND DISPOSE OF ANY SUCH PROPERTY AND TO INVEST AND REINVEST THE PRINCIPAL AND INCOME THEREOF, AND TO DEAL WITH AND EXPEND THE PRINCIPAL AND INCOME OF THIS CORPORATION FOR ANY OF THE AFOREMENTIONED OBJECTIVES AND PURPOSES, WITHOUT LIMITATION, EXCEPT AS TO SUCH LIMITATIONS, IF ANY, AS MAY BE CONTAINED IN THE INSTRUMENT UNDER WHICH SUCH PROPERTY IS RECEIVED OR OTHER LIMITATIONS IMPOSED BY LAW; C. TO RECEIVE DEPOSITS FROM LOCAL CHURCHES AND OTHER ORGANIZATIONS AND INSTITUTIONS OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR FLORIDA RESIDENTS AS MAY BE PERMITTED OR AUTHORIZED BY APPLICABLE LAW; TO PAY INTEREST ON SUCH DEPOSITS; TO OFFER DEBT SECURITIES THE PROCEEDS OF WHICH TO FUND LOANS MADE TO CHURCHES, INDIVIDUALS, ENTITIES, AGENCIES AND OTHER ORGANIZATIONS THE FOUNDATION SERVES; TO LEND MONEY TO LOCAL CHURCHES, ORGANIZATIONS, INSTITUTIONS AND AGENCIES RELATED TO THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR THE UNITED METHODIST CHURCH, OR TO CHURCHES, AGENCIES, DISTRICTS, SCHOOLS, ORGANIZATIONS AND CHARITIES WHOSE MISSION COMPLEMENTS AND SUPPORTS A WESLEYAN FOCUS ON ABUNDANT GRACE AND SHARED COMMITMENT TO MAKING DISCIPLES OF JESUS CHRIST FOR THE TRANSFORMATION OF THE WORLD; D. TO RECEIVE ANY PROPERTY, REAL, PERSONAL OR MIXED IN TRUST, UNDER THE TERMS OF ANY WILL, TRUST OR OTHER INSTRUMENT FOR THE FOREGOING PURPOSES OR ANY OF THEM, AND IN ADMINISTERING SAME TO CARRY OUT THE DIRECTIONS AND EXERCISE THE POWERS CONTAINED IN THE TRUST INSTRUMENT UNDER WHICH THE PROPERTY IS RECEIVED, INCLUDING THE EXPENDITURE OF THE PRINCIPAL, AS WELL AS THE INCOME, FOR ONE OR MORE OF SUCH PURPOSES, IF AUTHORIZED OR DIRECTED IN THE TRUST INSTRUMENT UNDER WHICH IT IS RECEIVED; TO RECEIVE, TAKE TITLE TO, HOLD, AND USE THE PROCEEDS AND INCOME OF STOCKS, BONDS, OBLIGATIONS, OR OTHER SECURITIES OF ANY CORPORATIONS OR CORPORATION, DOMESTIC OR FOREIGN, ONLY FOR THE FOREGOING POWERS, OR ANY OF THEM; E. TO ACQUIRE, RECEIVE AND ACCEPT, BY WAY OF GRANT, GIFT, DEVISE, BEQUEST, PURCHASE, LEASE OR OTHERWISE, MONEY AND REAL AND PERSONAL PROPERTY OF EVERY KIND, NATURE AND DESCRIPTION, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, INCLUDING SECURITIES (WHICH TERM, FOR ALL PURPOSES HEREOF, INCLUDES WITHOUT LIMITING THE GENERALITY THEREOF, SHARES OF STOCK, BONDS DEBENTURES, NOTES, MORTGAGES OR OTHER OBLIGATIONS, AND ANY CERTIFICATES, RECEIPT OR OTHER INSTRUMENTS, REPRESENTING ANY RIGHTS OR INTEREST THEREIN OR WITH RESPECT THERETO) CREATED OR ISSUED BY ANY PERSON, FIRM, ASSOCIATION, CORPORATION OR GOVERNMENT OR SUBDIVISION THEREOF; TO EXERCISE AS OWNER OR HOLDER OF ANY SUCH PROPERTY ANY AND ALL RIGHTS, POWERS AND PRIVILEGES IN RESPECT THEREOF, TO HOLD, ADMINISTER, SELL, CONVEY, DISPOSE OF, INVEST AND REINVEST SUCH PROPERTY AND THE INCOME AND PROCEEDS THEREOF; TO USE, APPLY OR DISBURSE ANY OF ITS PROPERTY OR THE INCOME OR THE PROCEEDS THEREOF, EXCLUSIVELY FOR OR TOWARD ANY ONE OR MORE OF ITS PURPOSES AS LISTED HEREIN; F. TO SOLICIT THE DONATION OR INVESTMENT OF FUNDS FROM BOARDS, AGENCIES, AND INSTITUTIONS AFFILIATED WITH THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH AND FROM DONORS, INDIVIDUALS, FAMILIES AND SUPPORTERS OF THE UNITED METHODIST CHURCH; TO RECEIVE, HOLD, INVEST, REINVEST, AND ADMINISTER SUCH FUNDS AND OTHER PROPERTY WHICH MAY BE GIVEN, TRANSFERRED, CONVEYED OR ENTRUSTED TO IT IN AN INVESTMENT FUND OR MORTGAGE POOL; TO ISSUE RECEIPTS TO SUCH DONORS AND HOLDERS OF PARTICIPATION CERTIFICATES, NOTES OR DEBENTURES FOR THEIR GIFTS, OR AS THE CASE MAY BE, INVESTMENT IN DEBT SECURITIES, AN INVESTMENT FUND OR MORTGAGE POOL; TO INVEST SUCH FUNDS IN MORTGAGE LOANS TO UNITED METHODIST CHURCHES, AND TO THE EXTENT DETERMINED BY THE BOARD OF DIRECTORS, TO INVEST IN STOCKS, BONDS, OR OTHER SECURITIES, WITHOUT BEING LIMITED TO SO-CALLED LEGAL INVESTMENTS FOR FIDUCIARIES; TO COLLECT THE INTEREST OR INCOME THEREOF; TO PAY TO INVESTORS SUCH INTEREST UPON THEIR INVESTMENTS AS MAY BE DETERMINED BY THE CERTIFICATES OF PARTICIPATION, NOTE OR DEBENTURES OR CONTRACTS WITH THE CORPORATION; TO PURCHASE, SELL, EXCHANGE OR OTHERWISE DISPOSE OF, PLEDGE, MORTGAGE, OR HYPOTHECATE, ALL KINDS OF SECURITIES, AND TO EXERCISE ANY AND ALL OF SAID POWERS, EITHER ON ITS OWN ACCOUNT, OR AS AGENT OR TRUSTEE FOR ALL PERSONS, FIRMS, CORPORATIONS, OR OTHER ORGANIZATIONS; G. TO PROVIDE, FOR A REASONABLE FEE, CONSULTING, FINANCIAL, STEWARDSHIP AND ADMINISTRATIVES SERVICES FOR LOCAL CHURCHES, ORGANIZATIONS AND INSTITUTIONS OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH, THE UNITED METHODIST CHURCH, OTHER RELIGIOUS ENTITIES ORGANIZED AS A 501(C)(3) NOT FOR PROFIT ORGANIZATION WHOSE MISSION COMPLEMENTS AND SUPPORTS A WESLEYAN FOCUS ON ABUNDANT GRACE AND SHARED COMMITMENT TO MAKING DISCIPLES OF JESUS CHRIST FOR THE TRANSFORMATION OF THE WORLD, H. TO EXERCISE ANY, ALL AND EVERY POWER UNDER WHICH A NON-PROFIT CORPORATION ORGANIZED UNDER THE PROVISIONS OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT, AS FROM TIME TO TIME MAY BE AMENDED, FOR RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSES, CAN BE AUTHORIZED TO EXERCISE. NO PART OF THE ACTIVITIES OF THIS CORPORATION SHALL BE THE CARRYING-ON OF PROPAGANDA OR OTHERWISE ATTEMPT TO INFLUENCE LEGISLATION, OR THE PARTICIPATION IN ANY POLITICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE. THE FLORIDA METHODIST FOUNDATION RENEWED CEFEX (CENTER FOR FIDUCIARY EXCELLENCE) CERTIFICATION IN 2022. CEFEX CERTIFIED FIRMS ADHERE TO A STANDARD REPRESENTING THE BEST PRACTICES IN THEIR INDUSTRY. THE STANDARDS INCLUDE SPECIFIC CRITERIA WHICH HAVE BEEN SUBSTANTIATED BY REGULATION OR WRITTEN IN CONSULTATION WITH LEADING FIRMS. CEFEX CERTIFIED FIRMS VOLUNTARILY UNDERTAKE ANNUAL AUDITS BY INDEPENDENT EXPERT ANALYSTS. THIS CONTINUALLY VERIFIES THEIR ADHERENCE TO THE APPLICABLE STANDARD AND IS SUPPLEMENTAL TO OVERSIGHT PERFORMED BY REGULATORS, OR FINANCIAL AUDITORS. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION IS A RELATED, BUT SEPARATELY ORGANIZED, ENTITY WITH THE PRIMARY PURPOSE OF SERVING THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. MEMBERS OF THE FOUNDATION ARE THE LAY AND CLERGY MEMBERS OF THE FLORIDA ANNUAL CONFERENCE. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATE MEMBERS OF THE FOUNDATION ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING OF THE FLORIDA UNITED METHODIST FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WAS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT USING THE AUDIT AND INFORMATION FURNISHED BY STAFF. THE AUDIT COMMITTEE OF THE FOUNDATION REVIEWED THE DRAFT OF THE TAX RETURN WITH STAFF AND APPROVED THE FINAL DRAFT. THE FINAL DRAFT OF THE TAX RETURN WILL BE PRESENTED BY THE AUDIT COMMITTEE TO THE BOARD OF DIRECTORS AT THEIR NEXT MEETING FOR APPROVAL. UPON APPROVAL BY THE BOARD THE TAX ACCOUNTANT WILL RECEIVE DOCUMENTS SIGNED BY THE BOARD OF DIRECTORS AND THE PRESIDENT OF THE FOUNDATION. THE TAX ACCOUNTANT WILL SUBMIT THE TAX RETURN ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY THAT IS PRESENTED ANNUALLY TO BOTH THE STAFF AND BOARD OF DIRECTORS TO REVIEW. THE STAFF AND BOARD OF DIRECTORS COMPLETE AND SIGN A FORM INDICATING ANY CONFLICTS AND AN UNDERSTANDING OF THE POLICIES. THESE FORMS ARE KEPT ON FILE. AS CLARIFIED BY THE CHANGES TO THE BYLAWS IN 2015, IF A BOARD MEMBER OR OFFICER HAS AN INTEREST IN A PARTICULAR TRANSACTION, HE OR SHE IS STILL COUNTED WHEN DETERMINING A QUORUM FOR THE BOARD MEETING. HE OR SHE MAY ALSO VOTE ON THE TRANSACTION. THE APPROVAL OF THE TRANSACTION WILL NOT BE NULL AND VOID IF THE BOARD MEMBER OR OFFICER DISCLOSED THE CONFLICT OF INTEREST TO THE BOARD PRIOR TO THE VOTE, AND IF THE TRANSACTION WOULD STILL HAVE BEEN APPROVED WITHOUT COUNTING THE INTERESTED PERSON'S VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE FOUNDATION SERVES AS THE COMPENSATION COMMITTEE FOR THE PRESIDENT AND OTHER OFFICERS. DURING 2015 THE FOUNDATION HIRED AN INDEPENDENT HUMAN RESOURCE CONSULTANT. THE CONSULTANT PROVIDED COMPENSATION RANGES FOR ALL STAFF INCLUDING THE PRESIDENT AND KEY EMPLOYEES IN 2015, 2017 AND 2019. THIS REPORT WAS PROVIDED TO THE EXECUTIVE COMMITTEE. THE INDEPENDENT CONSULTANT UTILIZED VARIOUS LOCAL, REGIONAL AND NATIONAL SALARY GUIDE DATABASES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. TAX RETURNS AND FINANCIALS ARE AVAILABLE UPON SIGNED WRITTEN REQUEST AND ALSO AVAILABLE UPON EMAIL REQUEST FROM OUR WEBSITE. IN AN ATTEMPT TO "GO GREEN," THE FOUNDATION OFFERS THE OFFERING CIRCULAR UPON REQUEST ON THE WEBSITE IN ELECTRONIC FORM. THE PRINTED FORM IS AVAILABLE UPON REQUEST-EITHER VERBAL, WRITTEN OR ELECTRONIC. TWO DOCUMENTS ARE PRODUCED ANNUALLY, THE OFFERING CIRCULAR AND FUMF FUND DISCLOSURES, DESCRIBING THE FOUNDATION'S WORK ASSISTING AGENCIES, DISTRICTS AND CHURCHES PRIMARILY OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST. THE OFFERING CIRCULAR HIGHLIGHTS THE FOUNDATION'S DEVELOPMENT FUND WHICH PRIMARILY MAKES LOANS TO FLORIDA UNITED METHODIST CHUIRCHES AND RETURNS INTEREST INCOME FOR THE CHURCHES. THE FUMF FUND DISCLOSURE DESCRIBES THE CHURCH ENDOWMENT INVESTMENTS THROUGH THE FUMF FUNDS AND REPORTS THEIR PERFORMANCE. BOTH DOCUMENTS, OFFERRING CIRCULAR AND FUMF FUND DISCLOSURE, ALSO INCLUDES THE FOUNDATION'S ANNUAL AUDIT. THE FOUNDATION ALSO MAILS ITS ANNUAL REPORT OR AN ANNUAL NEWSLETTER TO ALL ACCOUNT HOLDERS, WHICH HIGHLIGHTS ITS FINANCIALS FOR THE YEAR. THE ANNUAL REPORT AND NEWSLETTER ARE ALSO AVAILABLE ONLINE AT THE FOUNDATION'S WEBSITE. CURRENT AUDITED FINANCIALS ARE PART OF THE PRINTED OFFERING CIRCULAR AND FUMF FUND DISCLOSURE AND ARE SENT OUT WITH ANY REQUEST OR DISTRIBUTED CIRCULARS EVEN BY EMAIL. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF FUTURE INTEREST IN TRUSTS -132,081. FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH 450 MARTIN LUTHER KING JR AVE LAKELAND FL 33815 590904361 SUPPORT UNITED METHODIST CONGREGATIONS AND THEIR LAY AND CLERGY LEADERS FL 501(C)(3) LINE 1 N/A 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH - GRANTS GIVEN B 29240 ACTUAL AMOUNTS FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH - LOANS D 9393351 ACTUAL AMOUNTS FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH - OTHER SVCS L 5493076 ACTUAL COST FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH - BUILDINGS P 63640 ACTUAL COST SCHEDULE R, PART V, LINE 2, ITEM (3) THE FOUNDATION SUPPORTS THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH (CONFERENCE) AND ITS 570 CHURCHES AND AGENCIES (CHURCHES) PRIMARILY. SCHEDULE R REPORTS THE RELATIONSHIP WITH THE CONFERENCE ONLY EXCEPT FOR LINE L. THIS LINE INCLUDES THE TOTAL PROGRAM COST FOR THE CONFERENCE AND CHURCHES. THE FOUNDATION HAS LOANED $103,563,129 TO THE CHURCHES.