2025-06-02T12:36:49-07:00 2024-12-31 990 2024-01-01 237258100 UNITED METHODIST FOUNDATION OF INDIANA INC UNIT 3177887879 8401 Fishers Center Drive Fishers IN 46038 Christopher Jacobs Controller 3177887879 2025-05-15 1 2024 2025-03-06 01:10:19Z HEARTLAND METHODIST FOUNDATION INC D Manet Shettle 8401 Fishers Center Drive Fishers IN 46038 2150119 0 X www.hm-foundation.org X 1962 IN Resourcing the mission and ministry of United Methodist and other Wesleyan-based churches in Indiana through stewardship. 18 18 9 40 0 0 304550 355574 1179640 1228674 544498 562521 5985 3350 2034673 2150119 1293036 1427613 0 0 878210 987679 0 0 4360 430426 479444 2601672 2894736 -566999 -744617 105455417 103888802 79614593 77201465 25840824 26687337 Resourcing mission and ministry of United Methodist and other Weslyan-based churches in Indiana through stewardship development. 0 0 230114 0 815535 The first program is General Services. The Foundation serves United Methodist and other Wesleyan-based churches, agencies, and members in the following ways: It provides investment management services to local churches, agencies, and boards. It assists local churches in developing, promoting, and managing their endowment programs. It provides educational seminars on stewardship, planned giving, estate planning, capital campaigns, and related subjects. It provides administrative services for donors making deferred gifts to their church or a church related mission or ministry. 1427613 1065298 2378745 The second program area is legacy grants. The Foundation acts as trustee and administers funds for the benefit of local churches and church related ministries and missions. It manages and administers endowment funds of the Foundation and distributes earnings. It evaluates grant requests, selects qualified recipients, and makes disbursements to qualified recipients. In general it supports the church's evangelical and social service programs, aims, and purposes of the United Methodist denomination in Indiana. 222794 0 546969 The third program is the Loan and Savings Ministry. The Loan and Savings Ministry provides funding to United Methodist and other Wesleyan-based churches and agencies in Indiana to purchase, build, or repair projects related to their church buildings and parsonages. 0 0 0 1880521 1 1 0 0 0 1 0 0 1 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 30 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X D Manet Shettle 3177887879 8401 Fishers Center Drive Fishers IN 46038 D Manet Shettle President 40 X 161889 0 37150 Christopher Jacobs Controller 40 X 102628 0 18118 Monte Chamberlin Director 0.5 X 0 0 0 John Clay Director 0.5 X 0 0 0 Teri Crouse Director 0.5 X 0 0 0 Curt Edmonson Director 0.50 X 0 0 0 Daryl Gilbert Director 0.5 X 0 0 0 Shelley Johnson Director 0.5 X 0 0 0 James Need Director 0.5 X 0 0 0 Larry Price Director 0.5 X 0 0 0 Larna Spearman Director 0.5 X 0 0 0 Lee White Director 0.5 X 0 0 0 Larry Whitehead Director 0.5 X 0 0 0 George Wild Director 0.5 X 0 0 0 Craig Wood Director 0.5 X 0 0 0 Margaret Wood Director 0.5 X 0 0 0 Karla Elliott Director 1 X 0 0 0 Shalimar Holderly Vice Chair 1 X 0 0 0 Chris Lantz Director 1 X 0 0 0 Jeff Lorentson Chair 1 X 0 0 0 264517 0 55268 2 0 1 0 0 0 0 0 0 0 355574 0 355574 Management Fees 900099 812185 812185 0 0 Net Interest Income from mortgage notes 900099 416489 416489 0 0 0 0 0 0 1228674 562521 562521 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3350 3350 0 0 3350 2150119 1794545 0 0 1163924 1163924 263689 263689 0 0 0 0 161889 55803 105859 227 0 0 0 0 673765 222841 447420 3504 65103 25133 39701 269 40275 15548 24560 167 46647 18008 28446 193 0 0 0 0 22231 10464 11767 0 64670 30440 34230 0 0 0 0 0 0 0 48710 0 48710 0 3087 1453 1634 0 13931 0 13931 0 34469 4885 29584 0 77642 18345 59297 0 0 0 0 0 107923 25500 82423 0 27050 6391 20659 0 0 0 0 0 5904 1395 4509 0 0 0 0 0 0 0 0 0 20786 0 20786 0 3272 0 3272 0 49769 16702 33067 0 2894736 1880521 1009855 4360 920843 441591 0 0 0 0 27457 9590 0 0 0 0 19191508 17916176 0 0 247844 161796 167403 148215 24974 19188 0 0 58928645 58782128 26114146 26558333 0 0 0 0 105455417 103888802 715520 502627 0 0 0 0 0 0 57494032 57381681 0 0 0 0 0 0 21405041 19317157 79614593 77201465 X 5734041 5787130 20106783 20900207 25840824 26687337 105455417 103888802 -744617 1591130 0 0 0 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 0 8090 0 83046 0 650456 0 1 1 0 1 X 20721059 335709 1579438 745965 0 280582 21609659 18942914 235533 2573099 751111 0 279376 20721059 23305681 188046 -3529299 699007 0 322507 18942914 22282229 242048 2344412 1233259 0 329749 23305681 19390944 407367 3544369 733734 0 326717 22282229 0.0732 0.6698 0.257 0 0 0 0 0 0 0 0 0 0 0 0 0 0 167403 148215 19188 0 0 0 0 19188 Funds held for others 57381681 F Funds held in trusts 1400447 F 58782128 Funds held for Donor Advised Funds 650456 F Funds held for endowed ministry purposes 21933920 F Funds held by Loan & Savings Ministry 2222573 F Funds held for ministry operations 1751384 F 26558333 0 Liabilities under unitrust agreement 429630 Annuities payable 464101 Deposits held with Loan & Savings Ministry 18322213 Operating lease liabilities 101213 19317157 X 3741249 1464437 0 0 126693 1591130 2150119 0 0 0 2150119 2894736 0 0 0 0 0 2894736 0 0 0 2894736 Schedule D, Part IV, Line 2b Funds held for others consists of agency funds of churches and Conference related entities held with the Foundation for management purposes. Schedule D, Part V, Line 4 Endowment funds are used to further the mission and ministry of the United Methodist Church and other Wesleyan-based churches in Indiana and to support and educate clergy and laity of these churches. Schedule D, Part X, Line 2 Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability if UMFI and the Loan Fund have taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the UMFI and the Loan Fund, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. Schedule D, Part XI, Line 2d Change in value of annuities, trusts, and beneficial interest in trusts. 1 INUMC 301 Pennsylvania Pkwy Suite 300 Indianapolis IN 46280 270264680 501(c)(3) 228937 0 Retired Clergy Insurance Barnes United Methodist Church 900 W 30th Street Indianapolis IN 46278 351308958 501(c)(3) 10000 0 Basement Renovation Project Clinton First United Methodist Church 310 S 4th Street Clinton IN 47842 352122677 501(c)(3) 6000 0 Wildcat Christmas First United Methodist Church of Fort Branch 100 W Vine Street Fort Branch IN 47648 351580135 501(c)(3) 6705 0 Parsonage Renovation Global Resource Connections Inc 10646 Fretz Lane Lafayette IN 47905 452441682 501(c)(3) 7500 0 Vocational Training of Pastors from The Methodist Church Ghana Tamale Diocese Knox United Methodist Church 201 S Shield St Knox IN 46534 351479395 501(c)(3) 7292 0 ADA doors at main entrance Nine Mile United Methodist Church 6303 Winters Road Fort Wayne IN 46809 351590113 501(c)(3) 9900 0 Boiler replacement 7 0 Ministers Aid Retiree Emergencies 7 49032 0 Gift Annuities 27 69706 0 Charitable Remainder Trust Distributions 6 64263 0 Mission Trip Assistance 18 7618 0 Seminary Scholarships 14 64162 0 Undergraduate Scholarships 6 8910 0 Schedule I, Part I, Line 2 Submitted grant applications are reviewed by a committee and recipients are selected based on criteria established by the Foundation. The Foundation requests grant recipients submit a report subsequent to completion of the project or mission receiving funding to monitor the use of funds. X 0 0 0 0 0 0 0 0 0 D Manet Shettle President 161889 0 0 0 0 0 15286 0 21864 0 199039 0 0 0 FreshPath Marketing LLC Daughter of Board Member 17000 Website & Branding Update 0 Form 990, Part VI, Section A, Line 4 The organization adopted Heartland Methodist Foundation Inc as it's DBA name. Form 990, Part VI, Section B, Line 11b The Form 990 was distributed electronically to all current board members. It will be reviewed and discussed at the subsequent meetings of both the Finance & Operations Committee and the Board of Directors. Form 990, Part VI, Section B, Line 12c The board requires all board members to complete a conflict of interest statement annually. These statements are available to the Executive Committee of the board and are reviewed by the President for an undisclosed conflicts of which they are aware or new conflicts that should be presented to the Executive Committee for review and determination of action. Form 990, Part VI, Section B, Line 15 The President's compensation package is established by review and approval of the Board of Directors' Executive Committee. An evaluation of the President is completed, and the salary is established based on the evaluation of comparable salaries for similar sized United Methodist foundations in the United States. All actions are documented in the minutes of the Executive Committee. This was last completed in February 2024. Form 990, Part VI, Section C, Line 19 Abbreviated financial information is provided in an annual report distributed to all current and recently disaffiliated United Methodist congregations in Indiana. Additionally all policies, governing documents, and summarized financial statements are available upon request. IN Loan and Savings Ministry LLC dba Heartland Methodist Foundation LLC 8401 Fishers Center Drive Fishers IN 46038 352134383 Loaning funds to churches and agencies in Indiana IN 546969 20531326 United Methodist Foundation of Indiana Inc