2024-11-13T15:01:13-06:00 2023-12-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2023-01-01 640507167 METHODIST FOUNDATION OF MISSISSIPPI INC METH 6019488845 PO BOX 2415 RIDGELAND MS 391582415 DR TODD D MARION CPA ASSOCIATE DIRECTOR/CFO 6019488845 2024-11-13 1 1 CHARLES R LINDSAY CPA P00294610 6018988875 2024-11-13 2023 2024-10-15 13:58:12Z DR TODD D MARION CPA PO BOX 2415 RIDGELAND MS 391582415 60558703 0 X WWW.METHODISTFM.ORG X 1967 MS THE METHODIST FOUNDATION OF MS RESOURCES THE CHURCH FOR EFFECTIVE MINISTRY & FRUITFUL GENEROSITY. 26 26 5 30 0 0 540777 703158 159462 150629 5569421 809157 1627 4716 6271287 1667660 498815 1370895 0 0 545904 557681 0 0 0 1933904 3707660 2978623 5636236 3292664 -3968576 134579449 148715980 92122457 98554819 42456992 50161161 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 197475 197475 THE METHODIST FOUNDATION OF MISSISSIPPI AWARDED 155 SCHOLARSHIP AWARDS TOTALING $197,475. OF THESE AWARDS $162,475 WAS AWARDED TO UNDERGRADUATE STUDENTS AND $35,000 WAS AWARDED TO SEMINARY STUDENTS. AN ADDITIONAL $2,500 WAS AWARDED THROUGH THE GLOBAL BOARD OF HIGHER EDUCATION. 1173420 1173420 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 TO FURTHER THEIR PURPOSES. 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 OUR EXEMPT PURPOSE. 3689118 155345 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 125 GROUPS PROVIDING GUIDANCE, LEADERSHIP, AND WORKSHOPS FOR CHURCH LEADERS AND COMMITTEES. 450 CHURCHES AND NONPROFIT ORGANIZATIONS ARE INVESTED IN THE FOUNDATION WITH 37 NEW ACCOUNTS IN 2023. $24,303,105 IN GIFTS AND DEPOSITS WAS RECEIVED DURING 2023 AND $24,374,940 WAS DISTRIBUTED FOR CHARITABLE PURPOSES. 5060013 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 5 0 1 1 0 0 0 0 0 0 0 0 0 X 26 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 95152 0 25927 CHARLES LEGGETT JR DIRECTOR 1.00 X 0 0 0 DR JOE N BAILEY III 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 TIM SISK DIRECTOR 1.00 X 0 0 0 HENRY HOLIFIELD DIRECTOR 1.00 X 0 0 0 WESLEY PEPPER DIRECTOR 1.00 X 0 0 0 REV JOE LANDRUM PAST PRESIDENT 1.00 X 0 0 0 JIM MOSS DIRECTOR 1.00 X 0 0 0 DR 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 CHRIS BOONE VICE-PRESIDENT 1.00 X X 0 0 0 JAN HITT 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 REV TIM PRATHER DIRECTOR 1.00 X 0 0 0 MATT TRUSTY 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 102464 0 85695 TODD D MARION ASSOCIATE DIRECTOR/CFO 40.00 X 114565 0 25276 312181 0 136898 2 0 1 0 0 703158 297057 703158 MANAGEMENT FEES 541610 150629 150629 150629 2303206 2303206 57396994 58891043 -1494049 -1494049 -1494049 MISCELLANEOUS REVENUE 525990 4716 4716 4716 1667660 155345 0 809157 1173420 1173420 197475 197475 273361 150167 123194 162284 89149 73135 65542 36005 29537 34841 19139 15702 21653 11895 9758 4430 4430 75002 75002 205330 205330 7795 7795 44081 44081 23393 23393 49232 12308 36924 18071 18071 29326 29326 3127748 3127748 70343 17586 52757 MAINTENANCE 33118 33118 PROGRAM EXPENSES 19791 19791 5636236 5060013 576223 0 8945864 13354441 99131 96936 2756712 1089045 1694406 1667667 123840048 133596936 134579449 148715980 11328 22123 92111129 98532696 92122457 98554819 X 23155806 29806184 19301186 20354977 42456992 50161161 134579449 148715980 -3968576 11672745 0 X X 0 1 X 1 0 X X 1 THE MISSISSIPPI ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH INC 640362395 1 1 4000000 0 1 4000000 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 26 347845 122071 1671139 1 1 0 1 X 19301186 355313 1947302 1248824 20354977 22862891 203058 -3265948 498815 19301186 21292428 214926 1891662 536125 22862891 18587043 911549 2164028 370192 21292428 15758943 1413193 1639929 225022 18587043 0 0 616122 616122 1708646 787511 921135 431944 301534 130410 1667667 REAL ESTATE 8970 F MUTUAL FUNDS 30239901 F COMMON STOCKS, LLP INTEREST 3085205 F GOVERNMENT DEBT SECURITIES 10631065 F HEDGED STRATEGIES, INTERNATIONAL EQUITIES, FIXED INCOME 89631795 F 133596936 13135075 11672745 11672745 1462330 205330 205330 1667660 5430906 0 5430906 205330 205330 5636236 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 39150444 0 0 0 0 0 0 39150444 0 39150444 0 0 1 1 0 0 FORM 990, SCHEDULE F, PART I, LINE 3 METHODIST FOUNDATION INVESTS IN A FUND THAT FILES AN 1120-F. METHODIST FOUNDATION OWNERSHIP DOES NOT EXCEED 10%. THEREFORE FORM 5471 IS NOT REQUIRED. METHODIST FOUNDATION DOES NOT USE LEVERAGE TO INVEST IN THESE FUNDS. THEREFORE NO FORM 8621 IS REQUIRED. METHODIST FOUNDATION DID NOT MAKE ANY CONTRIBUTIONS TO GT OFFSHORE FUND. 1 ALCORN STATE UNIVERSITY 1000 ASU DRIVE LORMAN MS 39096 640538018 501(C)3 6300 0 FULFILL CHARITABLE INTENT OF ENDOWMENT AMORY FIRST UMC PO BOX 147 AMORY MS 38821 640339418 501(C)3 352817 0 FULFILL CHARITABLE INTENT OF ENDOWMENT BALDWYN UNITED METHODIST CHURCH P O BOX 146 BALDWYN MS 38824 501(C)3 5524 0 FULFILL CHARITABLE INTENT OF ENDOWMENT BIG CREEK UMC CEMETERY 79 HORSESHOE CIRCLE STARKVILLE MS 39759 921682518 501(C)3 34244 0 FULFILL CHARITABLE INTENT OF ENDOWMENT BRAXTON UMC POST OFFICE BOX 177 BRAXTON MS 39044 640683100 501(C)3 25461 0 FULFILL CHARITABLE INTENT OF ENDOWMENT CEDAR GROVE UNITED METHODIST CHURCH POST OFFICE BOX 291 JACKSON MS 39205 501(C)3 10097 0 FULFILL CHARITABLE INTENT OF ENDOWMENT CLEVELAND FIRST UMC POST OFFICE DRAWER 130 CLEVELAND MS 38732 640362504 501(C)3 16526 0 FULFILL CHARITABLE INTENT OF ENDOWMENT FRENCH CAMP ACADEMY ONE FINE PLACE FRENCH CAMP MS 39745 640321520 501(C)3 19023 0 FULFILL CHARITABLE INTENT OF ENDOWMENT GULFPORT FIRST UMC 2301 15TH STREET GULFPORT MS 395012094 501(C)3 8599 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MADISON UNITED METHODIST CHURCH 100 POST OAK ROAD MADISON MS 391301696 501(C)3 9226 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MILLSAPS COLLEGE 1701 N STATE STREET JACKSON MS 39210 640303084 501(C)3 24896 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MISSISSIPPI COLLEGE OFFICE OF FINANCIAL AID NELSON HALL BOX 4035 CLINTON MS 39058 501(C)3 5006 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MISSISSIPPI MUSEUM OF ART--DONATION 380 SOUTH LAMAR STREET JACKSON MS 39201 501(C)3 10000 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MISSISSIPPI STATE UNIVERSITY PO BOX 5316 MISSISSIPPI STATE MS 397625316 640410581 501(C)3 46450 0 FULFILL CHARITABLE INTENT OF ENDOWMENT MS METHODIST SENIOR SERVICES INC POST OFFICE BOX 1567 TUPELO MS 38802 646026549 501(C)3 9137 0 FULFILL CHARITABLE INTENT OF ENDOWMENT NATCHEZ CHILDREN'S SERVICES POST OFFICE BOX 2028 NATCHEZ MS 39121 640321523 501(C)3 19023 0 FULFILL CHARITABLE INTENT OF ENDOWMENT PALMER HOME FOR CHILDREN PO BOX 746 COLUMBUS MS 39703 640334999 501(C)3 19023 0 FULFILL CHARITABLE INTENT OF ENDOWMENT PARKWAY HILLS UMC MADISON PO BOX 1721 MADISON MS 39130 501(C)3 26926 0 FULFILL CHARITABLE INTENT OF ENDOWMENT RALEIGH UNITED METHODIST CHURCH POST OFFICE BOX 365 RALEIGH MS 39153 501(C)3 9636 0 FULFILL CHARITABLE INTENT OF ENDOWMENT SOUTHERN PINES ANIMAL SHELTER PO BOX 2021 HATTIESBURG MS 39403 501(C)3 156944 0 FULFILL CHARITABLE INTENT OF ENDOWMENT SOUTHERN UNIVERSITY AND A&M COLLEGE OFFICE OF STUDENT FINANCIAL AID PO BOX 9961 BATON ROUGE LA 70813 501(C)3 5500 0 FULFILL CHARITABLE INTENT OF ENDOWMENT ST JUDE'S CHILDREN'S RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS TN 38105 501(C)3 5461 0 FULFILL CHARITABLE INTENT OF ENDOWMENT ST LUKE'S UNITED METHODIST CHURCH P O BOX 2415 RIDGELAND MS 39158 640360140 501(C)3 12742 0 FULFILL CHARITABLE INTENT OF ENDOWMENT ST MARY'S CATHOLIC CHURCH P O BOX 8642 JACKSON MS 39284 640383878 501(C)3 6468 0 FULFILL CHARITABLE INTENT OF ENDOWMENT ST MATTHEW'S UMC MADISON 7427 OLD CANTON ROAD MADISON MS 39110 501(C)3 21175 0 FULFILL CHARITABLE INTENT OF ENDOWMENT THE COMMUNITY FOUNDATION FOR MISSISSIPPI 119 SOUTH PRESIDENT STREET 1ST FLOOR JACKSON MS 39201 501(C)3 20781 0 FULFILL CHARITABLE INTENT OF ENDOWMENT THE OLD LADIES HOME POST OFFICE BOX 12708 JACKSON MS 39158 640303089 501(C)3 6468 0 FULFILL CHARITABLE INTENT OF ENDOWMENT THE UNITED METHODIST HOUR OF MS INC C/O RITCHIE CARTER 1005 EASTWIND COURT BRANDON MS 39042 501(C)3 5554 0 FULFILL CHARITABLE INTENT OF ENDOWMENT THE WILLARD F BOND HOME POST OFFICE BOX 720 MADISON MS 39110 640327015 501(C)3 6468 0 FULFILL CHARITABLE INTENT OF ENDOWMENT UNIVERSITY OF MISSISSIPPI OFFICE OF FINANCIAL AID PO BOX 1848 UNIVERSITY MS 38677 646001159 501(C)3 15850 0 FULFILL CHARITABLE INTENT OF ENDOWMENT UNIVERSITY OF SOUTHERN MISSISSIPPI 118 COLLEGE DRIVE BOX 5133 HATTIESBURG MS 39406 646000818 501(C)3 20150 0 FULFILL CHARITABLE INTENT OF ENDOWMENT USM WESLEY FOUNDATION 118 COLLEGE DR 8251 HATTIESBURG MS 39406 501(C)3 6500 0 FULFILL CHARITABLE INTENT OF ENDOWMENT SCHOLARSHIPS 155 197475 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 102464 0 0 0 0 0 36855 0 48840 0 188159 0 0 0 X 3 297057 FMV 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