2024-06-28T13:22:06-07:00 2023-12-31 990 2023-01-01 237258100 UNITED METHODIST FOUNDATION OF INDIANA INC UNIT 3177887879 8401 Fishers Center Drive Fishers IN 46038 Christopher Jacobs Controller 3177887879 2024-05-15 Christopher Jacobs 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z D Manet Shettle 8401 Fishers Center Drive Fishers IN 46038 2034673 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 8 30 0 0 215044 304550 1439260 1179640 531310 544498 27779 5985 2213393 2034673 1329715 1293036 0 0 845054 878210 0 0 3900 518813 430426 2693582 2601672 -480189 -566999 102704929 105455417 79388709 79614593 23316220 25840824 Resourcing mission and ministry of United Methodist and other Weslyan-based churches in Indiana through stewardship development. 0 0 213285 0 816562 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. 1293036 952767 2956663 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. 191875 2300 556344 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 1698196 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 0 0 1 0 0 0 0 0 1 0 0 0 0 1 37 0 1 8 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 156794 0 33250 Dave Berry Director 0.50 X 0 0 0 Monte Chamberlin Chair 1 X X 0 0 0 John Clay Director 1 X 0 0 0 Teri Crouse Director 0.50 X 0 0 0 Karla Elliott Director 0.50 X 0 0 0 Daryl Gilbert Director 0.50 X 0 0 0 Shalimar Holderly Director 1 X X 0 0 0 Shelley Johnson Director 0.50 X 0 0 0 Chris Lantz Director 0.50 X 0 0 0 Jeff Lorentson Vice Chair 1 X X 0 0 0 James Need Director 1 X 0 0 0 Larry Price Director 0.50 X 0 0 0 Larna Spearman Director 0.50 X 0 0 0 Lee White Director 0.50 X 0 0 0 Larry Whitehead Director 0.50 X 0 0 0 Craig Wood Director 0.50 X 0 0 0 Margaret Wood Director 0.50 X 0 0 0 156794 0 33250 1 0 1 0 0 0 0 0 0 0 304550 0 304550 Management Fees 900099 740800 740800 0 0 Net Interest Income from mortgage notes receivable 900099 438840 438840 0 0 0 0 0 0 1179640 544498 544498 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5985 5985 0 0 5985 2034673 1730123 0 0 1000377 1000377 292659 292659 0 0 0 0 156794 64238 92164 392 0 0 0 0 574363 198565 373182 2616 56908 19978 36534 396 49229 20378 28598 253 40916 15972 24701 243 0 0 0 0 20930 19680 1250 0 54362 17723 36639 0 0 0 0 0 0 0 45933 0 45933 0 10200 5475 4725 0 2785 0 2785 0 19744 13610 6134 0 54985 11759 43226 0 0 0 0 0 107389 781 106608 0 19142 14644 4498 0 0 0 0 0 6082 2357 3725 0 0 0 0 0 0 0 0 0 24187 0 24187 0 5426 0 5426 0 59261 0 59261 0 2601672 1698196 899576 3900 969875 920843 0 0 0 0 26289 27457 0 0 0 0 22997629 19191508 0 0 489466 247844 168403 143429 49161 24974 0 0 54230014 58928645 23942495 26114146 0 0 0 0 102704929 105455417 339932 715520 0 0 0 0 0 0 53039769 57494032 0 0 750000 0 0 0 25259008 21405041 79388709 79614593 X 5123100 5734041 18193120 20106783 23316220 25840824 102704929 105455417 -566999 3035696 0 0 55907 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11 0 27309 0 14560 0 672856 0 1 1 0 1 X 18942914 235533 2573099 751111 0 279376 20721059 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 0.075 0.6883 0.2367 0 0 0 0 0 0 0 0 0 0 0 0 0 0 168403 143429 24974 0 0 0 0 24974 Funds held for others 57494032 F Funds held in trusts 1434613 F 58928645 Funds held for Donor Advised Funds 672856 F Fends held for endowed ministry purposes 20721059 F Funds held by Loan & Savings Ministry 2726207 F Funds held for ministry operations 1994024 F 26114146 0 Liabilities under unitrust agreement 499431 Annuities payable 520994 Deposits held with Loan & Savings Ministry 20197896 Operating lease liabilities 186720 21405041 X 5070369 2621879 0 0 413817 3035696 2034673 0 0 0 2034673 2601672 0 0 0 0 0 2601672 0 0 0 2601672 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, 2023 and 2022, 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 interest in trusts. 1 Ligonier UMC 466 Townline Road Ligonier IN 46732 501(c)(3) 5050 0 Trinity UMC 412 W Main Street Madison IN 47250 350868047 501(c)(3) 5050 0 HVAC upgrade Mount Pleasant UMC 3050 E Davis Drive Terre Haute IN 47802 351532876 501(c)(3) 5100 0 Upgrade check-in area Brightwood Community Center PO Box 18743 Indianapolis IN 46218 352291568 501(c)(3) 22823 0 Poverty Alleviation Orleans UMC PO Box 144 Orleans IN 47452 501(c)(3) 9489 0 General Needs Hazelton Community Church 114 S Main Street Hazleton IN 47640 863852877 501(c)(3) 11511 0 General Purposes Greenwood UMC 525 N Madison Avenue Greenwood IN 46142 356005585 501(c)(3) 30244 0 Youth & Missions Support Yorktown Methodist Church PO Box 217 Yorktown IN 47396 351365693 501(c)(3) 17974 0 General Operating Expenses First UMC of Bluffton 325 W Washington Street Bluffton IN 46714 356000384 501(c)(3) 6343 0 Missions Support Andrews UMC PO Box 245 Andrews IN 46702 501(c)(3) 5094 0 General Support INUMC 301 Pennsylvania Pkwy Suite 300 Indianapolis IN 46280 270264680 501(c)(3) 5159 0 Bishop's Christmas Offering Warsaw Trinity UMC 832 E Center Street Warsaw IN 46580 350883498 501(c)(3) 8246 0 General Support Columbia City UMC 605 Forest Pkwy Columbia City IN 46725 251130532 501(c)(3) 6732 0 Ministry Support Elkhart Bethel UMC 1200 N Michigan Street Elkhart IN 46514 991092524 501(c)(3) 8187 0 General Support Goshen St Mark's UMC 502 N Main Street Goshen IN 46528 351511229 501(c)(3) 19448 0 Ministry Support The Garden 2720 E 86th Street Indianapolis IN 46240 475409174 501(c)(3) 7193 0 General Support INUMC 301 Pennsylvania Pkwy Suite 300 Indianapolis IN 46280 270264680 501(c)(3) 231114 0 Retired Clergy Insurance 16 0 Ministers Aid Retiree Emergencies 3 60159 0 Tire Fund for Clergy Emergencies 1 113 0 Gift Annuities 33 87215 0 Charitable Remainder Trust Distributions 6 56655 0 Mission Trip Assistance 6 3000 0 Seminary Scholarships 14 73466 0 Undergraduate Scholarships 5 12051 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 156794 0 0 0 0 0 14850 0 18400 0 190044 0 0 0 FreshPath Marketing LLC Daughter of Board Member works for FreshPath 9000 Website & Branding Update 0 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 February 2024. 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 556344 22416689 United Methodist Foundation of Indiana Inc