2024-07-01T16:54:53-05:00 2023-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2023-01-01 900085904 CALVARY ENDOWMENT FOUNDATION INC CALV 9015256602 102 N SECOND STREET MEMPHIS TN 38103 TONY GRAVES BOARD CHAIR 9015256602 2024-06-30 1 TONY GRAVES 999009999 1 RICHARD A SWOPE P00590766 9016834234 2024-06-30 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z KATIE OWEN 102 N SECOND STREET MEMPHIS TN 38103 789425 0 X N/A X 2002 TN THE FOUNDATION OPERATES SOLELY TO MANAGE FUNDS TO SUPPORT CALVARY EPISCOPAL CHURCH. 6 6 0 0 0 0 17977 15858 0 0 221538 188362 0 0 239515 204220 535101 424248 0 0 0 0 0 0 0 39302 36257 574403 460505 -334888 -256285 7738126 8327504 25359 14715 7712767 8312789 X THE FOUNDATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND CARRY OUT THE PURPOSES OF RECEIVING, INVESTING, AND ALLOCATING FUNDS TO SUPPORT THE PROGRAMS, MISSIONS, AND MINISTRIES OF CALVARY EPISCOPAL CHURCH IN MEMPHIS, SHELBY COUNTY, TENNESSEE, AND OTHER MINISTRIES, MISSIONS, AND PROGRAMS APPROVED BY THE BOARD OF DIRECTORS OF THE FOUNDATION IN CONCURRENCE WITH THE VESTRY OF CALVARY EPISCOPAL CHURCH. 0 0 424248 424248 CONTRIBUTIONS TO CALVARY EPISCOPAL CHURCH AND ITS MISSIONS AND MINISTRIES. CONTRIBUTIONS TO CALVARY PLACE. 424248 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 TN X PEG WAHL 9015256602 102 N SECOND STREET MEMPHIS TN 38103 X KATIE OWEN BOARD CHAIR 1.00 X X 0 0 0 JOHN PETTEY DIRECTOR 1.00 X 0 0 0 WILL HALEY DIRECTOR 1.00 X 0 0 0 PEG WAHL TREASURER 1.00 X X 0 0 0 ALEC MCLEAN DIRECTOR 1.00 X 0 0 0 THOMAS PARKER DIRECTOR 1.00 X 0 0 0 HALL GARDNER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 15858 15858 174456 174456 599111 585205 13906 13906 13906 204220 13906 0 174456 424248 424248 10945 10945 24062 24062 CONSORTIUM DUES 1250 1250 460505 424248 36257 0 116318 60342 7674 8445 5309 7608825 8258717 7738126 8327504 25359 14715 25359 14715 X 7712767 8312789 7712767 8312789 7738126 8327504 -256285 856307 0 X X 0 1 X 1 0 X X 1 CALVARY EPISCOPAL CHURCH 620514311 1 1 424248 0 1 424248 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, FORM 990, PAGE 5, SECTION C, QUESTION 1: THE SUPPORTED ORGANIZATION IS A CHURCH AND THERE ARE NO DIRECTORS OR TRUSTEES IN THE CHURCH. THE PASTOR OF THE CHURCH IS ACTIVELY INVOLVED IN ALL OF THE ENDOWMENT FOUNDATION'S BUSINESS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7712767 15858 1020607 436443 8312789 10075562 17977 -1832621 548151 7712767 9672406 36094 790652 423590 10075562 9690144 32305 369256 419299 9672406 8880631 49313 1200063 439863 9690144 0.96094 0.03906 0 0 0 X 1036465 856307 856307 180158 24062 24062 204220 436443 0 436443 24062 24062 460505 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE PROGRAMS, MISSIONS, AND MINISTRIES OF CALVARY EPISCOPAL CHURCH AND OTHER NOT-FOR-PROFIT ENTITIES. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. MANAGEMENT BELIEVES IT IS NOT LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2020. 1 CALVARY EPISCOPAL CHURCH 102 N SECOND STREET MEMPHIS TN 38103 135562208 501(C)(3) 424248 0 CASH VALUE TO SUPPORT THE PROGRAMS, MISSIONS, AND MINISTRIES OF THE CHURCH. PART I, LINE 2: THE BOARD OF DIRECTORS REVIEW THE OPERATING RESULTS OF THE ENDOWMENT AND ALSO THERE IS AT LEAST ONE MEMBER OF THE FOUNDATION'S BOARD ON THE CHURCH'S FINANCE COMMITTEE BOARD. IN ADDITION, FROM TIME TO TIME, A FOUNDATION BOARD MEMBER MIGHT ALSO BE ON THE VESTRY OF THE CHURCH. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE EXECUTIVE DIRECTOR AND THE TREASURER OF THE BOARD BEFORE IT WAS FILED. ADDITIONALLY, THE EXECUTIVE DIRECTOR AND TREASURER REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION C, LINE 19 CALVARY ENDOWMENT FOUNDATION, INC. PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE GOVERNING BOARD OVERSEEING THE ANNUAL AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PREVIOUS YEARS.