2024-02-08T15:02:36-06:00 2023-06-30 561031342 Williams Overman Pierce LLP 2501 Atrium Drive Suite 500 Raleigh NC 27607 990 2022-07-01 562259577 Methodist Home for Children Foundation METH 9198332834 1041 Washington Street Raleigh NC 27605 PETER M WILLIAMS CFO 9198332834 2024-02-01 1 PETER WILLIAMS 999009999 0 MaryEllen Prance CPA P01662078 9197823444 2024-02-01 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Peter M Williams 1041 Washington Street Raleigh NC 27605 2893101 0 X WWW.MHFC.ORG X 2001 NC Supporting organization for the benefit of The Methodist Home for Children, Inc. 10 9 0 0 0 0 673329 995723 0 0 1776194 431137 570 0 2450093 1426860 0 1045424 0 0 0 0 0 0 0 670032 118743 670032 1164167 1780061 262693 21761285 23663033 43892 5500 21717393 23657533 To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. by carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc. 0 0 1046196 1045424 Support of The Methodist Home for Children, Inc. Operations 1046196 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Peter M Williams 9198332834 1041 Washington Street Raleigh NC 27605 Jessica Vickers Chair 1.00 1.00 X X 0 0 0 Martha Walston Vice Chair 1.00 1.00 X X 0 0 0 Marcus Green Treasurer 1.00 1.00 X X 0 0 0 Paul Thomas Board Member 1.00 1.00 X 0 0 0 Arthur Guy Board Member 1.00 X 0 0 0 Rick Woods Board Member 1.00 1.00 X 0 0 0 Erik Ross Member at Large 1.00 1.00 X X 0 0 0 Rev Bruce Stanley President/CEO 1.00 50.00 X X 0 172394 29217 Katherine Edmiston Secretary 1.00 1.00 X X 0 0 0 Cady Thomas Vice Chair 1.00 1.00 X X 0 0 0 Peter M Williams CFO 1.00 50.00 X 0 135129 11823 0 307523 41040 0 0 1 0 0 995723 995723 382605 382605 1514773 1466241 48532 48532 48532 1426860 0 0 431137 1045424 1045424 117971 117971 Miscellaneous 772 772 1164167 1046196 117971 0 22641 45139 20928065 22233973 810579 1383921 21761285 23663033 16709 5500 27183 0 43892 5500 X 17598991 19197875 4118402 4459658 21717393 23657533 21761285 23663033 X 262693 1662946 14501 X X 0 1 X 1 0 X X 1 The Methodist Home for Children Inc 560547482 7 1 1045424 0 1 1045424 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 21738644 863162 1962507 1505260 23059053 24308726 1053995 -2694393 929684 21738644 20581614 44993 5180496 1498377 24308726 20233906 74497 1252797 979586 20581614 20313897 99268 827400 1006659 20233906 0.80660 0.05717 0.13623 0 0 0 Common Investment Fund 22233973 F 22233973 Beneficial Interests in Trusts 825080 Due from MHC Inc. 558841 1383921 X 25006234 1662946 22034399 23697345 1308889 117971 117971 1426860 24324373 24323601 24323601 772 117971 1045424 1163395 1164167 Part V, Line 4: Endowment funds are used for scholarships, children's literature, buildings and grounds maintenance as well as for general operations. Part X, Line 2: Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2023, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for tax years prior to 2019. Part XI, Line 2d - Other Adjustments: Income adj on MHC Inc 990 - transfers from MHC Fdn -1,045,424. Change in Beneficial Interest in Trust 14,501. Change in Annuity Contracts on MHC Inc 990 222,434. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 307,982. Revenue reported on MHC Inc 990 22,624,426. Other Expenses reported on MHC Inc 990 -89,520. Part XII, Line 2d - Other Adjustments: Expenses reported on MHC Inc 990 24,105,139. Other Expenses reported on MHC Inc 990 -89,520. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 307,982. Part XII, Line 4b - Other Adjustments: Grants to MHC Inc 1,045,424. 1 The Methodist Home for Children Inc 1041 Washington Street Raleigh NC 27605 560547482 501(c)(3) 1045424 0 To support The Methodist Home for Children, Inc. 1 Part I, Line 2: Methodist Home for Children Foundation works with Methodist Home for Children, Inc. to ensure that the grants are being spent within the required criteria. X X 1 1 0 0 0 0 0 0 0 0 0 Rev Bruce Stanley President/CEO 0 172394 0 0 0 0 0 6034 0 23183 0 201611 0 0 Part I, Line 3 Rev. Bruce Stanley is not compensated by the Foundation, but is compensated by its related organization, Methodist Home for Children, Inc., who determines compensation using a compensation committee, Form 990 of other organizations, a written employment contract, compensation surveys and studies, and approval by the board or compensation committee. Form 990, Part VI, Section B, line 11b Both the CFO and the Controller individually review each page of the 990 for accuracy and make notes for any items in question. The CFO and Controller then meet together to review these notes and make any necessary changes. The 990 is then emailed to all board members for any comments or questions prior to filing. Form 990, Part VI, Section B, line 12c The organization trains board members regarding this policy during annual board orientations, and trains all new supervisors on the conflict of interest policy during supervision and management workshops. Additionally, each year, the agency signs a conflict of interest policy with the state of North Carolina. Management reviews contracts for conflicts of interest as contracts are negotiated and signed. Form 990, Part VI, Section B, line 15 Compensation is paid through The Methodist Home for Children, Inc. which is a related organization. The executive committee of The Methodist Home for Children, Inc. meets with the Board President to review his salary using a Benchmarks salary survey to determine the appropriateness of his salary. The Board President of The Methodist Home for Children, Inc. reviews the salaries of those who report to him and uses the same survey to determine the appropriateness of those salaries. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the Organization. Form 990, Part XI, line 9: Decrease in Beneficial Interest in Trust 14,501. Form 990, Part XII, Line 2c: Process did not change from prior year. The Methodist Home For Children Inc 1041 Washington Street Raleigh NC 27605 560547482 Children and Family Services NC 501(c)(3) Line 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 The Methodist Home for Children Inc R 672581 FMV The Methodist Home for Children Inc S 863162 FMV The Methodist Home for Children Inc B 1045424 FMV the Methodist Home for Children Inc D 450000 FMV