2025-01-30T11:54:10-06:00 2024-06-30 561031342 Williams Overman Pierce LLP 2501 Atrium Drive Suite 500 Raleigh NC 27607 990 2023-07-01 562259577 Methodist Home for Children Foundation METH 9198332834 1041 Washington Street Raleigh NC 27605 Jessica Lang VP of Finance & CFO 9198332834 2025-01-30 1 1 MaryEllen Prance CPA P01662078 9197823444 2025-01-30 X 2023 2025-03-06 01:10:19Z Jessica Lang 1041 Washington Street Raleigh NC 27605 1654704 0 X WWW.MHFC.ORG X 2001 NC Supporting organization for the benefit of The Methodist Home for Children, Inc. 11 10 0 0 0 0 995723 220453 0 0 431137 1248293 0 0 1426860 1468746 1045424 984341 0 0 0 0 0 0 0 118743 115560 1164167 1099901 262693 368845 23663033 25757757 5500 204084 23657533 25553673 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 984544 984341 Support of The Methodist Home for Children, Inc. Operations 984544 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 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 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Jessica Lang 9198332834 1041 Washington Street Raleigh NC 27605 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 1.00 X 0 0 0 Rick Woods Board Member 1.00 1.00 X 0 0 0 Rev Bruce Stanley President/CEO 1.00 50.00 X X 0 199920 21986 Katherine Edmiston Chair 1.00 1.00 X X 0 0 0 Cady Thomas Vice Chair 1.00 1.00 X X 0 0 0 Katie Clayton Secretary 1.00 1.00 X X 0 0 0 Linda Coleman Member at Large 1.00 1.00 X X 0 0 0 John Gripman Board Member 1.00 1.00 X 0 0 0 Peter M Williams CFO 1.00 50.00 X 0 147282 13014 0 347202 35000 0 0 1 0 0 220453 220453 449910 449910 984341 185958 798383 798383 798383 1468746 0 0 1248293 984341 984341 115357 115357 Miscellaneous 203 203 1099901 984544 115357 0 45139 362388 22233973 24106968 1383921 1288401 23663033 25757757 5500 6021 0 198063 5500 204084 X 19197875 19667977 4459658 5885696 23657533 25553673 23663033 25757757 X 368845 1484391 42904 X X 0 1 X 1 0 X X 1 The Methodist Home for Children Inc 560547482 7 1 984341 0 1 984341 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 23059053 307973 2635847 976893 25025980 21738644 863162 1962507 1505260 23059053 24308726 1053995 -2694393 929684 21738644 20581614 44993 5180496 1498377 24308726 20233906 74497 1252797 979586 20581614 0.80478 0.05426 0.14097 0 0 0 Common Investment Fund 24106968 F 24106968 Beneficial Interests in Trusts 867984 Due from MHC Inc. 420417 1288401 Due to MHC Inc. 198063 198063 X 27879246 1484391 25041466 26525857 1353389 115357 115357 1468746 25408913 25408710 25408710 203 115357 984341 1099698 1099901 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, 2024, 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 2020. Part XI, Line 2d - Other Adjustments: Income adj on MHC Inc 990 - transfers from MHC Fdn -984,341. Change in Beneficial Interest in Trust 42,904. Change in Annuity Contracts on MHC Inc 990 246,764. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 304,068. Revenue reported on MHC Inc 990 25,522,356. Other Expenses reported on MHC Inc 990 -90,285. Part XII, Line 2d - Other Adjustments: Expenses reported on MHC Inc 990 25,194,927. Other Expenses reported on MHC Inc 990 -90,285. Fundraising & Gaming expenses netted with revenues on MHC Inc 990 304,068. Part XII, Line 4b - Other Adjustments: Grants to MHC Inc 984,341. 1 The Methodist Home for Children Inc 1041 Washington Street Raleigh NC 27605 560547482 501(c)(3) 984341 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. 0 0 0 0 0 0 0 0 0 Rev Bruce Stanley President/CEO 0 199920 0 0 0 0 0 6758 0 15228 0 221906 0 0 Peter M Williams CFO 0 147282 0 0 0 0 0 4047 0 8967 0 160296 0 0 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 42,904. 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 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 The Methodist Home for Children Inc R 335688 FMV The Methodist Home for Children Inc S 267493 FMV The Methodist Home for Children Inc B 984341 FMV