2024-11-15T12:11:18-05:00 2023-12-31 990 2023-01-01 730758119 THE OKLAHOMA UNITED METHODIST FOUNDATION OKLA 4201 N CLASSEN BLVD Oklahoma City OK 731182400 BILLY MEADE PRESIDENT 4058965016 2024-11-15 true 2023 2024-10-15 13:58:12Z 5442597 false X WWW.LASTINGGOOD.ORG X 1944 OK To create and administer permanent charitable endowments to strengthen Methodist ministries in Oklahoma. 13 13 15 0 0 648945 509653 2419455 2534296 1877707 1946561 239810 142710 5185917 5133220 1744091 1073247 0 2282924 2172824 0 0 680265 694141 4707280 3940212 478637 1193008 410959651 444911095 373072595 404407835 37887056 40503260 To create and administer permanent charitable endowments to strengthen Methodist ministries in Oklahoma. false false 352290 352290 Support for United Methodist Churches and related ministries of the Oklahoma Annual Conference of the United Methodist Church. 169513 169513 Provided $144,000 funds to the Oklahoma United Methodist Circle of Care, Inc. to support foster care ministry and Pearls Hope Transitional Living Program for single mothers. Pearls Hope provides financial, educational, and familial resources to secure and maintain housing on their own. Pearls Hope serves women who are working to improve their lives or the lives of their children after intervention by the OK Department of Human Services. Remaining funds were for general support. 90203 90203 Provided seminary scholarships for future Oklahoma United Methodist pastors allowing them to begin their ministry career without the burden of student loan debt. 2246472 461241 2534296 2858478 true true false false false true false false false true true true false false true false true false false false false true false false false false false true false true false false false false false false false false true false false false false false false false false true 3 0 true 15 true false false false false false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false OK X JACOB BUSSELL 4058965016 4201 N CLASSEN BLVD Oklahoma City OK 731182400 BILLY MEADE PRESIDENT 40.00 0.00 X 251903 0 51080 DAVID BATTLES EXECUTIVE VICE-PRESIDENT 40.00 0.00 X 223985 0 53157 JOSEPH WILEY SENIOR ADVISOR 40.00 0.00 X 125897 0 136831 ALAN HERNDON DIRECTOR OF GIFT PLANNING 40.00 0.00 X 126611 0 42664 JACOB BUSSELL CONTROLLER & TREASURER 40.00 0.00 X 96783 0 28465 BISHOP JIMMY NUNN BOARD MEMBER 1.00 0.00 X 0 0 0 REV TISH MALLOY BOARD MEMBER 1.00 0.00 X 0 0 0 KIRK WASHBURN BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN ROBERTS BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE LONG BOARD MEMBER 1.00 0.00 X 0 0 0 REV CAROL COOK MOORE BOARD MEMBER 1.00 0.00 X 0 0 0 ALLEN EVANS BOARD MEMBER 1.00 0.00 X 0 0 0 REV DERREK BELASE BOARD MEMBER 1.00 0.00 X 0 0 0 REV DAVID BURRIS BOARD MEMBER 1.00 0.00 X 0 0 0 LINDA LAMBERT BOARD MEMBER 1.00 0.00 X 0 0 0 LESLIE LAREAU BOARD MEMBER 1.00 0.00 X 0 0 0 JOE HALL BOARD VICE-CHAIRPERSON 1.00 0.00 X 0 0 0 DONALD KIM BOARD MEMBER 1.00 0.00 X 0 0 0 BARBARA BRAUGHT BOARD CHAIRPERSON 1.00 0.00 X X 0 0 0 825179 0 312197 4 false true false 509653 235297 509653 Account service fees4 423000 2534296 2534296 2534296 1931370 1931370 142710 142710 308568 16000 299783 9594 8785 6406 15191 15191 5133220 4623567 0 0 1073247 1073247 611197 321250 289947 976994 667701 309293 126846 78986 47860 355800 221553 134247 101987 63506 38481 2881 1794 1087 40000 24908 15092 95142 59244 35898 50394 31380 19014 54910 34192 20718 90588 56408 34180 84448 52585 31863 78089 48625 29464 75975 47309 28666 121714 75790 45924 3940212 2858478 1081734 0 44273849 64200830 12028871 12270440 2379583 1370393 1029014 1009190 353587819 367335166 40098 95469 410959651 444911095 373072595 404407835 373072595 404407835 X 23422837 24790890 14464219 15712370 37887056 40503260 410959651 444911095 X 1193008 1339511 83685 X false true X true false X 844054 632698 648945 509653 2635350 844054 632698 648945 509653 2635350 2635350 1644234 1746986 2117517 2089271 7598008 2103907 2564290 2419455 2534296 9621948 19855306 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27 131269 323552 5048475 true true 13999381 10243 1667557 499596 15177585 17381162 4797 -2670401 716177 13999381 16461466 292723 1095562 468589 17381162 14702915 33592 2326016 601057 16461466 1.00000 false false 240701 240701 1697961 961419 736542 440921 408974 31947 1009190 Wespath Institutional Investments 318653426 F Alternative investments 294698 F US government obligations 92961 F Equity securities 1735553 F Mutual funds 589449 F Corporate debt obligations 37315 F Other 56266 F Real estate 159500 F Mineral interests 43237909 F Municipal bonds 2478089 F 367335166 Assets held for benefit of others 404407835 404407835 6507047 1339511 34316 1373827 5133220 5133220 3940212 3940212 3940212 Sub-Saharan Africa WATER WELLS 36000 WIRE 0 Fair market value Sub-Saharan Africa CLASSROOMWATER WELL REPAIRSNEW HOSPITA 79133 WIRE 0 Fair market value false false false false false false true OK UM CIRCLE OF CARE INC 1501 NW 24TH Oklahoma City OK 73106 730975224 501C3 169513 FOSTER CARE AND TRANSITIONAL HOUSING ASBURY THEOLOGICAL SEMINARY 204 N LEXINGTON AVE Wilmore KY 40390 610445823 501C3 66282 SEMINARY SCHOLARSHIPS OKLAHOMA CITY UNIVERSITY 2501 N BLACKWELDER Oklahoma City OK 73106 730579265 501C3 7597 GENERAL SUPPORT FOR UMC UNIVERSITY SAINT PAUL SCHOOL OF THEOLOGY 13720 ROE AVE Overland Park KS 66224 440624810 501C3 70459 SEMINARY SCHOLARSHIPS NEIGHBORHOOD SERVICES ORGANIZATION 431 SW 11TH ST Oklahoma City OK 73109 730785944 5013C 10000 GENERAL MINISTRY SUPPORT OKLAHOMA METHODIST CONFERENCE 1501 NW 24TH ST Oklahoma City OK 73106 730617470 501C3 64336 CAMPING MINISTRY WESLEY FOUNDATION AT UNIV OF OKLAHO 428 WEST LINDSAY Norman OK 73069 736027238 501C3 19166 RELIGIOUS - SPIRITUAL DEVELOPMENT ILIFF SCHOOL OF THEOLOGY 2201 W UNIVERSITY BLVD Denver CO 80210 731396320 501C3 9916 SEMINARY SCHOLARSHIPS LYDIA PATTERSON INSTITUTE OF METHOD PO BOX 11 El Paso TX 79999 362004402 501C3 15000 SCHOLARSHIPS DAKOTA WESLEYAN UNIVERSITY 1200 W UNIVERSITY AVE Mitchell SD 57301 460224589 501C3 12750 SCHOLARSHIPS TRINITY WOODS 4134 E 31ST ST Tulsa OK 74135 730648458 501C3 27579 STORM DAMAGE REPAIRS EPWORTH VILLA 14901 N PENNSYLVANIA Oklahoma City OK 73134 462849151 501C3 18131 SENIOR ADULT HOUSING AND HEALTH CARE CRIMINAL JUSTICE AND MERCY MINISTRI 1401 NW 25TH ST Oklahoma City OK 73106 463634553 5460 TRANSITIONAL LIVING AFTER INCARCERATION CLAREMORE METHODIST CHURCH 1615 OK-88 Claremore OK 74017 730632933 74048 CHURCH MINISTRY SUPPORT KINGFISHER FIRST UMC 1800 S 13TH ST Kingfisher OK 73750 730654416 51514 CHURCH MINISTRY SUPPORT FAITH UNITED METHODIST CHURCH 7431 E 91ST ST Tulsa OK 74133 731048411 29668 CHURCH MINISTRY SUPPORT HENNESSEY FIRST UMC 201 S CHEROKEE ST Hennessey OK 73742 730796257 16409 CHURCH MINISTRY SUPPORT ST PAULS UMC 1904 N PECAN RD Ponca City OK 74604 731196398 15000 CHURCH MINISTRY SUPPORT QUAYLE UMC 5001 N EVEREST AVE Oklahoma City OK 73111 736097170 15000 CHURCH MINISTRY SUPPORT CONNECT UMC 5400 N COLTRANE RD Edmond OK 73034 464355813 13238 CHURCH MINISTRY SUPPORT TAHLEQUAH FIRST UMC 300 W DELAWARE ST Tahlequah OK 74464 730614293 9009 CHURCH MINISTRY SUPPORT PIEDMONT FIRST UMC 2525 PIEDMONT RD Piedmont OK 73078 731195880 8178 CHURCH MINISTRY SUPPORT LOST CREEK UMC 8002 S WASHINGTON ST Stillwater OK 74074 731503622 7787 CHURCH MINISTRY SUPPORT X true true X X X X false false false false false false false false false BILLY MEADE PRESIDENT 251903 19200 31880 302983 DAVID BATTLES EXECUTIVE VICE-PRESIDENT 223985 17423 35734 277142 ALAN HERNDON DIRECTOR OF GIFT PLANNING 126611 9974 32690 169275 JOSEPH WILEY SENIOR ADVISOR 125897 101097 35734 262728 X 20 235298 FMV-PRICED PUBLICLY false true true Form 990 governing body review Part VI line 11 The Form 990 is prepared by President CPA, reviewed by Executive VP CPA, and provided to Trustees via Trustee portal. Conflict of interest policy compliance Part VI line 12c Annually each Trustee is required to complete a Conflict of Interest form stating they are aware of the Foundations Conflict of Interest policy, they are in compliance with the policy, and will notify the Foundation immediately should a conflict arise. The Foundation staff monitors activity for the existence of potential conflicts in the normal course of business throughout the year. CEO executive director top management comp Part VI line 15a Compensation for the President is reviewed and approved by the Personnel sub-committee of the Board of Trustees based on job performance, external comparable data for similar Foundations, and other relevant information. The operating budget is then reviewed and approved by the Finance Committee and the Board of Trustees. Other officer or key employee compensation Part VI line 15b Compensation for the President is reviewed and approved by the Personnel sub-committee of the Board of Trustees based on job performance, external comparable data for similar Foundations, and other relevant information. Compensation for all other employees is determined by the President using similar metrics as the annual operating budget is prepared. The operating budget is then reviewed and approved by the Finance Committee and the Board of Trustees. Governing documents etc available to public Part VI line 19 Oklahoma United Methodist Foundations governing documents, conflict of interest policy, and financial statements are available for public inspection at its offfices. Summarized financial information is presented in the organizations annual report, which may be viewed on the Foundations website. Explanation of other changes in net assets or fund balances Part XI line 9 Other changes line is related to the $34,316 change in the present value of split-interest gift agreements and $49,369 transfers in for 2023. General explanation attachment The Oklahoma United Methodist Foundation, Inc. (OUMF) is a nonprofit, non-stock corporation organized and at all times thereafter operated exclusively for religious, charitable, and education purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. OUMF was formed in 1944 to hold, manage, and administer funds of member churches and related agencies and institutions of The Oklahoma Annual Conference of The United Methodist Church (the Oklahoma Conference), promote and receive gifts and bequests to such organizations, and use such gifts and bequests for the religious, charitable, and educational purposes of such organizations. OUMF was previously determined to be an affiliated religious organization by The United Methodist Church and was identified as such to the Internal Revenue Service. Accordingly, OUMF was included in the group tax exemption ruling (Group Ruling) issued by the Internal Revenue Service to the General Council on Finance and Administration of The United Methodist Church (GCFA) on October 16, 1974 (Group #2573). OUMF was not required to file a Form 990 under the Group Ruling. On June 11, 2020 OUMF obtained its own individual tax-exempt status determination letter requiring us to begin filing a Form 990. OUMF serves the Oklahoma Annual Conference of the UMC and charitable organizations with common bonds and convictions by (a) soliciting and managing endowment funds and acting as trustee of trusts for their benefit; (b) assisting congregations and institutions with their investments; (c) providing loans to congregations and related institutions; (d) making grants that support congregations, institutions, and causes; (e) assisting congregations with stewardship, development, and planned giving efforts.