2023-11-13T09:21:02-06:00 2022-12-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2022-01-01 640507167 METHODIST FOUNDATION OF MISSISSIPPI INC METH 6019488845 PO BOX 2415 RIDGELAND MS 391582415 DR TODD D MARION CPA ASSOCIATE DIRECTOR/CFO 6019488845 2023-11-10 1 DR TODD D MARION CPA 999009999 1 CHARLES R LINDSAY CPA P00294610 6018988875 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR TODD D MARION CPA PO BOX 2415 RIDGELAND MS 391582415 16469827 0 X WWW.METHODISTFM.ORG X 1967 MS THE METHODIST FOUNDATION OF MS RESOURCES THE CHURCH FOR EFFECTIVE MINISTRY & FRUITFUL GENEROSITY. 27 26 8 26 0 0 214926 540777 165074 159462 -1182497 5569421 2522 1627 -799975 6271287 536125 498815 0 0 471473 545904 0 0 0 1537085 1933904 2544683 2978623 -3344658 3292664 147699774 134579449 88874421 92122457 58825353 42456992 X THE FOUNDATION EXISTS TO CULTIVATE AND ADMINISTER CURRENT AND DEFERRED GIFTS FOR THE BENEFIT OF MS UNITED METHODIST RELATED INSTITUTIONS, AGENCIES, LOCAL CHURCHES, AND OTHER MINISTRIES FOR CHARITABLE PURPOSES AND SUPPORT AND TO EDUCATE THESE INSTITUTIONS IN CREATING A CULTURE OF GENEROSITY AND SOUND FINANCIAL PRACTICES. 0 0 196185 196185 THE METHODIST FOUNDATION OF MISSISSIPPI AWARDED 147 SCHOLARSHIP AWARDS TOTALING $196,185. OF THESE AWARDS $175,000 WAS AWARDED TO UNDERGRADUATE STUDENTS AND $21,185 WAS AWARDED TO SEMINARY STUDENTS. AN ADDITIONAL $2,500 WAS AWARDED THROUGH THE GLOBAL BOARD OF HIGHER EDUCATION. 302630 302630 THE METHODIST FOUNDATION OF MISSISSIPPI DISTRIBUTED FUNDS TO VARIOUS CHURCHES AND NONPROFITS TO FURTHER THEIR EXEMPT PURPOSE. DURING THE YEAR, THE ENDOWMENTS WERE DISTRIBUTED TOTALING MORE THAN $150,000 TO VARIOUS CHURCHES AND NONPROFITS. THE FOUNDATION ADDED ADDITIONAL FUNDS TO INDIVIDUAL CHURCHES AND CLERGY IN FURTHERANCE OF THEIR EXEMPT PURPOSE AND MISSIONS. THE FOUNDATION ALSO PROVIDED SUPPORT TO THE DENOMINATIONAL CONFERENCE IN FURTHERANCE OF THEIR EXEMPT PURPOSE. 1985772 159462 THE METHODIST FOUNDATION OF MISSISSIPPI PROVIDED INVESTMENT MANAGEMENT SERVICES FOR CHURCHES AND METHODIST AFFILIATES. THIS INCLUDES INVESTMENT DECISIONS, PURCHASES AND SALES, AS WELL AS, THE COLLECTION OF INVESTMENT INCOME AND ALLOCATION OF RETURNS. THE FOUNDATION PROVIDED GUIDANCE, LEADERSHIP, AND WORKSHOPS FOR CHURCH LEADERS AND COMMITTEES INCLUDING GENEROSITY, CHURCH AND INDIVIDUAL FINANCIAL MANAGEMENT, AND PLANNED GIVING. THE STAFF MET WITH NEARLY 100 GROUPS PROVIDING GUIDANCE, LEADERSHIP, AND WORKSHOPS FOR CHURCH LEADERS AND COMMITTEES. CHURCHES AND NONPROFIT ORGANIZATIONS INVESTED IN THE FOUNDATION TOTAL 429 WITH 26 NEW ACCOUNTS IN 2022. A TOTAL OF $18,061,035 IN GIFTS AND DEPOSITS WERE RECEIVED DURING 2022 AND $23,133,610 WAS DISTRIBUTED FOR CHARITABLE PURPOSES. 2484587 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MS X THE ORGANIZATION 6019488845 PO BOX 2415 RIDGELAND MS 391582415 DR ACIE WHITLOCK JR DIRECTOR 1.00 X 0 0 0 BEN WALTON DIRECTOR 1.00 X 0 0 0 BILLIE SPRABERRY TREASURER 40.00 X X 91200 0 21899 BISHOP JAMES SWANSON CHAIRPERSON 1.00 X X 0 0 0 CHARLES LEGGETT JR DIRECTOR 1.00 X 0 0 0 CHRIS BOONE DIRECTOR 1.00 X 0 0 0 DAN GIBSON DIRECTOR 1.00 X 0 0 0 DAVID BECKLEY DIRECTOR 1.00 X 0 0 0 FREDDIE J BAGLEY DIRECTOR 1.00 X 0 0 0 HENRY HOLIFIELD DIRECTOR 1.00 X 0 0 0 JAN HITT SECRETARY 1.00 X X 0 0 0 JESSE L ROSS JR PAST PRESIDENT 1.00 X 0 0 0 JIM MOSS DIRECTOR 1.00 X 0 0 0 JOHN DAVID ROBINSON DIRECTOR 1.00 X 0 0 0 REV JOHN MOORE DIRECTOR 1.00 X 0 0 0 KELLY RILEY DIRECTOR 1.00 X 0 0 0 LESTER MYERS DIRECTOR 1.00 X 0 0 0 PAUL DAVIS DIRECTOR 1.00 X 0 0 0 REV AISLINN KOPP DIRECTOR 1.00 X 0 0 0 REV JOE BAILEY III VICE-PRESIDENT 1.00 X X 0 0 0 REV JOE LANDRUM PRESIDENT 1.00 X X 0 0 0 REV MITCHELL HEDGEPETH DIRECTOR 1.00 X 0 0 0 DR RON WHITEHEAD DIRECTOR 1.00 X 0 0 0 TIM PRATHER DIRECTOR 1.00 X 0 0 0 TOM MCCORMICK DIRECTOR 1.00 X 0 0 0 WALKER STURDIVANT DIRECTOR 1.00 X 0 0 0 REV ZACHARY BEASLEY DIRECTOR 1.00 X 0 0 0 REV JOHN BRANNING EXECUTIVE DIRECTOR 40.00 X 85831 0 85695 TODD MARION ASSOCIATE DIRECTOR/CFO 40.00 X 64167 0 12204 MARY LEE REED ASSOCIATE DIRECTOR/CFO THRU 6/30 40.00 X 46435 0 11624 287633 0 131422 0 0 1 0 0 540777 540777 MANAGEMENT FEES 541610 159462 159462 159462 1242486 1242486 14525475 10198540 4326935 4326935 4326935 MISCELLANEOUS REVENUE 525990 1627 1627 1627 6271287 159462 0 5571048 302630 302630 196185 196185 303727 184180 119547 72463 43942 28521 36855 22349 14506 111491 67608 43883 21368 12958 8410 1088 1088 46373 46373 196071 196071 10745 10745 60037 60037 25858 25858 43512 10878 32634 19394 19394 14466 14466 1421704 1421704 65305 16327 48978 MAINTENANCE 19596 19596 PROGRAM EXPENSES 9755 9755 2978623 2484587 494036 0 1966516 8945864 14118 99131 2713108 1018702 1692632 1694406 144026508 123840048 147699774 134579449 6607 11328 88867814 92111129 88874421 92122457 X 35962462 23155806 22862891 19301186 58825353 42456992 147699774 134579449 3292664 -19661025 0 X X 0 0 0 X X 1 THE MISSISSIPPI ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH INC 640362395 1 1 2204960 0 1 2204960 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 23 458092 121959 1380668 1 1 0 1 X 22862891 203058 -3265948 498815 19301186 21292428 214926 1891662 536125 22862891 18587043 911549 2164028 370192 21292428 15758943 1413193 1639929 225022 18587043 15707107 922972 -430503 440633 15758943 0 0 616122 616122 1708646 743699 964947 11442 11442 376898 275003 101895 1694406 REAL ESTATE 8970 F MUTUAL FUNDS 29611043 F COMMON STOCKS, LLP INTEREST 1134603 F GOVERNMENT DEBT SECURITIES 8073034 F HEDGED STRATEGIES, INTERNATIONAL EQUITIES, FIXED INCOME 85012398 F 123840048 -13585809 -19661025 -19661025 6075216 196071 196071 6271287 2782552 0 2782552 196071 196071 2978623 PART IV, LINE 2B: ASSETS ARE TRANSFERRED TO THE FOUNDATION FOR INVESTMENT MANAGEMENT PURPOSES. THE ASSETS ARE OWNED AND CONTROLLED BY THE DEPOSITOR. THE ASSETS ARE HELD BY THE FOUNDATION IN A CUSTODIAL CAPACITY ONLY FOR INVESTMENT PURPOSES AND NOT AS A TRUST. PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR COLLEGE AND SEMINARY STUDENTS, TO PROVIDE FOR CHURCH PROGRAMS, AND FOR THE MAINTENANCE OF CEMETERIES, PROPERTY, PLANT AND EQUIPMENT. 1 ASBURY THEOLOGICAL SEMINARY 204 N LEXINGTON AVENUE WILMORE KY 40390 610445823 501(C)3 9782 0 FULFILL CHARITABLE INTENT OF ENDOWMENT BALDWYN UNITED METHODIST CHURCH P O BOX 146 BALDWYN MS 38824 501(C)3 5294 0 FULFILL CHARITABLE INTENT OF ENDOWMENT BIG CREEK UMC CEMETERY 79 HORSESHOE CIRCLE STARKVILLE MS 39759 921682518 501(C)3 20885 0 FULFILL CHARITABLE INTENT OF ENDOWMENT BRAXTON UMC POST OFFICE BOX 177 BRAXTON MS 39044 640683100 501(C)3 24132 0 FULFILL CHARITABLE INTENT OF ENDOWMENT CEDAR GROVE UNITED METHODIST CHURCH POST OFFICE BOX 291 JACKSON MS 39205 501(C)3 6185 0 FULFILL CHARITABLE INTENT OF ENDOWMENT CLEVELAND FIRST UMC POST OFFICE DRAWER 130 CLEVELAND MS 38732 640362504 501(C)3 18484 0 FULFILL CHARITABLE INTENT OF ENDOWMENT FRENCH CAMP ACADEMY ONE FINE PLACE FRENCH CAMP MS 39745 640321520 501(C)3 18232 0 FULFILL CHARITABLE INTENT OF ENDOWMENT GARRETT-EVANGELICAL THEOLOGICAL SEMINARY 2121 SHERIDAN ROAD EVANSTON IL 60201 362167085 501(C)3 5300 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MEMPHIS THEOLOGICAL SEMINARY 168 EAST PARKWAY S MEMPHIS TN 38104 626012228 501(C)3 5300 0 FULFILL CHARITABLE INTENT OF ENDOWMENT METHODIST CHILDREN'S HOMES 805 NORTH FLAG CHAPEL ROAD JACKSON MS 39209 640303087 501(C)3 10859 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MS METHODIST SENIOR SERVICES INC POST OFFICE BOX 1567 TUPELO MS 38802 646026549 501(C)3 8918 0 FULFILL CHARITABLE INTENT OF ENDOWMENT NATCHEZ CHILDREN'S SERVICES POST OFFICE BOX 2028 NATCHEZ MS 39121 640321523 501(C)3 18232 0 FULFILL CHARITABLE INTENT OF ENDOWMENT PALMER HOME FOR CHILDREN POST OFFICE BOX 746 COLUMBUS MS 39703 640334999 501(C)3 18232 0 FULFILL CHARITABLE INTENT OF ENDOWMENT RALEIGH UNITED METHODIST CHURCH POST OFFICE BOX 365 RALEIGH MS 39153 501(C)3 5902 0 FULFILL CHARITABLE INTENT OF ENDOWMENT ST LUKE'S UNITED METHODIST CHURCH P O BOX 2415 RIDGELAND MS 39158 640360140 501(C)3 5239 0 FULFILL CHARITABLE INTENT OF ENDOWMENT ST MARY'S CATHOLIC CHURCH P O BOX 8642 JACKSON MS 39284 640383878 501(C)3 6201 0 FULFILL CHARITABLE INTENT OF ENDOWMENT THE OLD LADIES HOME POST OFFICE BOX 12708 JACKSON MS 39158 640303089 501(C)3 6201 0 FULFILL CHARITABLE INTENT OF ENDOWMENT THE WILLARD F BOND HOME POST OFFICE BOX 720 MADISON MS 39110 640327015 501(C)3 6201 0 FULFILL CHARITABLE INTENT OF ENDOWMENT UNITED THEOLOGICAL SEMINARY 4501 DENLINGER ROAD DAYTON OH 45426 310568239 501(C)3 5300 0 FULFILL CHARITABLE INTENT OF ENDOWMENT SCHOLARSHIPS 147 196185 0 PART I, LINE 2: SCHOLARSHIP FUNDS ARE MAILED TO THE COLLEGE/UNIVERSITY WITH THE STUDENT'S SOCIAL SECURITY NUMBER OR ID INDICATED. IF THE STUDENT DOES NOT ACTUALLY ATTEND OR DROPS OUT, THE INSTITUTION RETURNS ALL OR A PORTION OF THE FUNDS SUBMITTED. THE FOUNDATION DISTRIBUTES FUNDS ONLY TO OTHER NOT-FOR-PROFIT ENTITIES, TO FURTHER THEIR EXEMPT PURPOSES. THESE FUNDS ARE GENERALLY REPORTED AS DISTRIBUTIONS FROM ENDOWMENTS TO CHARITABLE BENEFICIARIES. ALL AWARDS ARE MADE IN ACCORDANCE WITH THE DIRECTIVES OF THE DONORS. RECIPIENTS ARE ADVISED AND DIRECTED ON THE ALLOWABLE USE OF THE FUNDS AT THE TIME OF THE AWARD. X 0 1 0 0 0 0 0 0 0 0 0 REV JOHN BRANNING EXECUTIVE DIRECTOR 85831 0 0 0 0 0 36855 0 48840 0 171526 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE MISSISSIPPI ANNUAL CONFERENCE OF UNITED METHODIST CHURCH HAS THE SOLE AUTHORITY TO ELECT THE MEMBERSHIP OF THE BOARD OF DIRECTORS OF THE METHODIST FOUNDATION OF MISSISSIPPI, INC. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR, TREASURER, AND ASSOCIATE DIRECTOR REVIEW THE 990 PRIOR TO FILING. THE ASSOCIATE DIRECTOR AND THE TREASURER AGREE NUMBERS FROM THE FORM BACK TO THE AUDITED FINANCIAL STATEMENTS. ANY QUESTIONS THAT ARISE ARE CLEARED PRIOR TO FILING WITH THE TAXING AUTHORITY. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ANNUAL DISCLOSURE REQUIREMENTS - ALL BOARD MEMBERS AND EMPLOYEES SHALL REVIEW AND SIGN A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY. WRITTEN RECORD OF ANY POSSIBLE CONFLICT AND ANY ADJUSTMENTS MADE TO AVOID POSSIBLE CONFLICTS OF INTEREST SHALL BE KEPT BY THE EXECUTIVE DIRECTOR OR WHERE APPLICABLE THE BOARD CHAIR. THE GOVERNING BOARD SHALL AUTHORIZE AND OVERSEE AN ANNUAL REVIEW OF THE ADMINISTRATION OF THIS CONFLICT OF INTEREST POLICY. THE REVIEW MAY BE WRITTEN OR ORAL. THE REVIEW SHALL CONSIDER THE LEVEL OF COMPLIANCE WITH THE POLICY, THE CONTINUING SUITABILITY OF THE POLICY, AND WHETHER THE POLICY SHOULD BE MODIFIED AND IMPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL AND NOMINATIONS COMMITTEE IS COMPOSED OF SEVEN MEMBERS OF THE BOARD OF TRUSTEES. THIS COMMITTEE REVIEWS AND EVALUATES THE ANNUAL PERFORMANCE OF THE EXECUTIVE DIRECTOR. THE COMMITTEE, ALONG WITH EXECUTIVE DIRECTOR, SHALL EVALUATE THE PERFORMANCE OF THE STAFF OF THE FOUNDATION EACH YEAR BASED ON CURRENT ECONOMIC INDICATORS, COMPENSATION LEVELS OF SIMILAR ENTITIES, AND JOB PERFORMANCE. THE COMMITTEE MAKES RECOMMENDATIONS TO THE FINANCE COMMITTEE AS TO THE REMUNERATION OF THE STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE METHODIST FOUNDATION OF MISSISSIPPI MAKES AVAILABLE ANY FINANCIAL STATEMENTS, INVESTMENT POLICIES, TAX INFORMATION, AND OTHER ADMINISTRATIVE POLICIES AS REQUESTED. PART XII LINE 2C - PROCESS OF COMMITTEE OVERSIGHT OF THE FIN STMT AUDIT THE AUDITOR MEETS WITH THE BOARD OF DIRECTORS MAKING A FULL PRESENTATION AT THE COMPLETION OF THE AUDIT FOR THE YEAR ANSWERING ANY OF THE BOARD'S QUESTIONS. THE AUDITOR WORKS CLOSE WITH THE BOARD OF DIRECTORS AND THE STAFF DURING THE YEAR SHOULD ANY CONCERNS ARISE. MISSISSIPPI ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH 320 BRIARWOOD DRIVE JACKSON MS 39206 640362395 CHURCH MS 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1