2025-06-17T09:28:13-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-01-01 591148710 FLORIDA UNITED METHODIST FOUNDATION INC FLOR 8639042970 450 MARTIN L KING JR AVENUE LAKELAND FL 33815 EDWARD NEW PRESIDENT/CEO 8639042970 2025-06-16 1 1 TINA HENTON P00630282 4078021200 2025-06-16 2024 2025-03-06 01:10:19Z EDWARD NEW 450 MARTIN L KING JR AVENUE LAKELAND FL 33815 18596078 0 X WWW.FUMF.ORG X 1966 FL TO STRENGTHEN MINISTRIES OF UNITED METHODIST CHURCHES AND AGENCIES BY PROMOTING CHRISTIAN STEWARDSHIP THROUGH EDUCATION, CONSULTING, DEVELOPMENT AND FINANCIAL SERVICES. 17 17 13 19 0 0 120550 86898 6220577 7813772 902297 1583310 993 633 7244417 9484613 96600 82900 0 0 1714575 1686640 0 0 0 5323858 7113040 7135033 8882580 109384 602033 235268966 246347169 221110425 231065724 14158541 15281445 X THE FLORIDA UNITED METHODIST FOUNDATION, INC. (FOUNDATION) IS FORMED EXCLUSIVELY FOR CHARITABLE AND RELIGIOUS PURPOSES AND TO PROMOTE AND SUPPORT THE MISSION OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED SEE SCHEDULE O 0 0 8342043 82900 7813772 THE FOUNDATION IS A RELATED, BUT SEPARATELY ORGANZIED, ENTITY WITH THE PURPOSE OF SERVING THE FLORIDA ANNUAL CONFERENCE (FAC) OF THE UNITED METHODIST CHURCH. ITS PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. IT SERVES AS A CHANNEL FOR PHILANTHROPIC GIVING TO LOCAL CHURCHES, AGENCIES AND INSTITUTIONS AFFILIATED WITH THE FLORIDA CONFERENCE THROUGH VARIOUS TRUST VEHICLES. IN ADDITION, FUNDS DEPOSITED WITH THE FOUNDATION MAY BE LOANED TO UNITED METHODIST CHURCHES, AGENCIES AND INSTITUTIONS PRIMARILY WITHIN THE FLORIDA CONFERENCE FOR BUILDING AND OTHER CAPITAL PROJECTS. THE NUMBER OF UNITED METHODIST CHURCHES AND OTHER AGENCIES WITH THE FAC BENEFITED IN 2024 WAS 378. 8342043 1 1 0 0 0 1 0 0 1 1 1 0 0 0 1 0 1 0 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 1 777 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARGARET COX 8639042970 450 MARTIN L KING JR AVE LAKELAND FL 33815 RON COLEMAN CHAIRPERSON 4.30 X X 0 0 0 BRUCE FORD VICE CHAIRPERSON - AS OF 7/24 4.30 X X 0 0 0 STEPHEN BELL VICE CHAIRPERSON - THRU 6/24 4.30 X X 0 0 0 REV SHERYL MARKS-WILLIAMS SECRETARY 4.30 X X 0 0 0 REV ROBERT BLEDSOE BOARD MEMBER 4.30 X 0 0 0 AMANDA BLOUNT BOARD MEMBER - AS OF 6/24 4.30 X 0 0 0 KIM CLARKE BOARD MEMBER 4.30 X 0 0 0 BILL FRYE BOARD MEMBER 4.30 X 0 0 0 LARRY HANNAH BOARD MEMBER 4.30 X 0 0 0 JERRY HARALSON BOARD MEMBER 4.30 X 0 0 0 EMMA HARMON BOARD MEMBER 4.30 X 0 0 0 JOSEPH HURT BOARD MEMBER 4.30 X 0 0 0 PHYLLIS KLOCK BOARD MEMBER 4.30 X 0 0 0 RICHARD NUSSEL BOARD MEMBER 4.30 X 0 0 0 JAMES PREVITE BOARD MEMBER - AS OF 6/24 4.30 X 0 0 0 FELIX RIVERA BOARD MEMBER - THRU 9/24 4.30 X 0 0 0 BEN SIMMONS BOARD MEMBER 4.30 X 0 0 0 CESAR VILLAFANA BOARD MEMBER 4.30 X 0 0 0 DENNIS VLASSIS BOARD MEMBER 4.30 X 0 0 0 REV EDWARD NEW PRESIDENT & CEO 37.50 X 135062 0 115533 PAMELA HICKS VICE PRESIDENT - THRU 5/24 37.50 X 157414 0 36715 ANDREW CRASKE VICE PRESIDENT 37.50 X 134085 0 31039 MARGARET COX CFO 37.50 X 130367 0 20643 ELENA NICHOLAS DIR. OF DEVELOPMENT - AS OF 4/24 37.50 X 100805 0 32099 657733 0 236029 5 0 1 0 TINSLEY CREATIVE 2310 COMMERCE POINT DR LAKELAND FL 33801 BRAND MANAGEMENT 154543 CAPFINANCIAL PARTNERS LLC PO BOX 896952 CHARLOTTE NC 28289 INVESTMENT ADVISORY 132376 CHEETAH LLC 115 S WALNUT ST MUNCIE IN 47305 SOFTWARE MAINTENANCE 102915 4 86898 86898 INTEREST ON LOANS 525920 7191119 7191119 TRUST ADMINISTRATIVE FEES 525920 613261 613261 SEMINAR AND SERVICE FEES 525920 9392 9392 7813772 1319222 1319222 9345553 30000 9111465 0 234088 30000 264088 264088 CARD CASHBACK 900099 633 633 633 9484613 7813772 0 1583943 82900 82900 766737 662967 103770 707202 610424 96778 69283 60197 9086 64802 56408 8394 78616 68127 10489 78266 78266 106418 106418 207251 207251 205939 186824 19115 28149 25403 2746 136331 103059 33272 266277 242529 23748 49639 44457 5182 59825 50106 9719 47644 42679 4965 5758411 5758411 92422 77159 15263 38242 34599 3643 ANNUAL REPORT AND CONF. 11867 10710 1157 ASSOCIATION DUES 6348 5556 792 REPAIRS & MAINTENANCE 4493 3243 1250 FLORALS 1013 562 451 14505 8472 6033 8882580 8342043 540537 0 31525 74002 3595227 24512516 23827 9233 112565013 102478835 43690 53712 2493180 1422446 1088735 1070734 116383834 116602573 255786 290118 1281329 1255446 235268966 246347169 435554 489396 95146607 100620761 250000 250000 125278264 129705567 221110425 231065724 X 10580108 11571780 3578433 3709665 14158541 15281445 235268966 246347169 X 602033 465500 55371 X 0 1 X 1 0 X X 1 FAC OF THE UNITED METHODIST CHURCH 590904361 1 1 55649 0 1 55649 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, LINE 2 THE SUPPORTED ORGANIZATION RECEIVED CONFIRMATION FROM THE IRS THAT IT IS DESCRIBED UNDER SECTIONS 170(B)(1)(A)(I) AND 509(A)(1) OF THE CODE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16 354771 43610 891527 1 1 0 1 X 7362360 18168 845320 47400 148053 6971 8023424 6516359 73016 963756 40950 143874 5947 7362360 7723062 43870 -1220903 29670 6516359 6701146 198504 853082 29670 7723062 6369964 9620 351232 29670 6701146 0.53765 0.09142 0.37094 1 0 1860290 877594 982696 317096 297748 19348 315794 247104 68690 1070734 DEPOSITS, INTEREST BEARING 129705567 129705567 9837231 465500 55371 520871 9316360 168253 168253 9484613 8714327 0 8714327 168253 168253 8882580 PART IV, LINE 2B: THE FOUNDATION ENTERS INTO SEVERAL AGREEMENTS THAT BENEFIT UNITED METHODIST CHURCHES OR AGENCIES THROUGH THE USE OF THE COMMON FUNDS. THESE AGREEMENTS INCLUDE FUMF FUNDS AGREEMENTS (A TOOL FOR THE CHURCHES TO INVEST IN OUR ENDOWMENTS), CHARITABLE REMAINDER TRUST (THE FOUNDATION IS THE TRUSTEE), CHARITABLE GIFT ANNUITIES, DONOR ADVISED FUNDS AND MANAGED TRUSTS (THE FOUNDATION IS NOT THE TRUSTEE). THESE ASSETS AND LIABILITIES ARE EQUAL AND SHOWN AS CUSTODIAL. THE RELATED REVENUES AND EXPENSES ARE NOT CONSIDERED PART OF THE FOUNDATION'S OPERATIONS AND ARE NOT REFLECTED IN ITS FINANCIAL STATEMENTS. PART V, LINE 4: AN ENDOWMENT WAS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS IN ORDER TO PROVIDE THE ORGANIZATION WITH INCOME TO ASSIST IN FUNDING ITS MANAGEMENT AND GENERAL COSTS. ADDITIONAL RESTRICTED NET ASSETS WERE ADDED TO THE ENDOWMENT IN 2006, 2010, 2011, 2012, 2014, 2020, 2021, 2022, 2023 AND 2024 FROM TRUSTS AND VARIOUS RESTRICTED GIFTS. THE ENDOWMENT ALSO INCLUDES SPLIT INTEREST AGREEMENTS, CHARITABLE REMAINDER TRUSTS, AND GIFT ANNUITIES CREATED BY DONORS WITH THE ORGANIZATION AS A REMAINDER BENEFICIARY. AN ENDOWMENT WAS SET UP FOR A SPECIFIC RESTRICTED PURPOSE AND IS SHOWN IN THE DONOR RESTRICTIONS. THE PURPOSE WAS TO ESTABLISH A PERMANENT ENDOWED SCHOLARSHIP FOR THE FLORIDA CONFERENCE CAMPS AND RETREATS SITE. ADDITIONAL FUNDS WERE ADDED TO THIS ENDOWMENT IN 2013. TWO ENDOWMENTS WERE SET UP FOR A SPECIFIC RESTRICTED PURPOSE AND ARE SHOWN IN THE DONOR RESTRICTIONS. THE GERALDINE WILLIAMS MCCLELLAN SCHOLARSHIP FUND IS A SEPARATE FUND FOR THE PURPOSE OF PROVIDING AN ANNUAL SCHOLARSHIP TO A STUDENT AT GAMMON THEOLOGICAL SEMINARY WHO IS FROM THE STATE OF FLORIDA. THE BEN AND MARTHA SIMMONS SCHOLARSHIP FUND IS A SEPARATE FUND FOR THE PURPOSE OF PROVIDING ONE OR MORE SCHOLARSHIPS TO A MINISTERIAL STUDENT IN GRADUATE STUDIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PRESENT VALUE OF FUTURE INTEREST IN TRUSTS 55,371. 1 FAC BOARD OF CAMPS & RETREAT MINISTRIES 450 MARTIN L KING JR AVE LAKELAND FL 33815 590904361 501(C)(3) 40800 0 N/A N/A BELL ENDOWED CAMPING SCHOLARSHIP FUND FLORIDA UNITED METHODIST CHILDREN'S HOME 51 CHILDRENS WAY ENTERPRISE FL 32725 590638479 501(C)(3) 12000 0 N/A N/A PROVIDE CONSTIUTENT SOFTWARE FAC DOGGETT MOORE FUND 450 MARTIN L KING JR AVE LAKELAND FL 33815 590904361 501(C)(3) 6000 0 N/A N/A FUNDING FOR DOCUMENTARY UNITED WESLEY OF MIAMI 1210 STANDFORD DR MIAMI FL 33146 590782461 501(C)(3) 6000 0 N/A N/A FUNDING MISSION TRIP IN COSTA RICA 4 0 PART I, LINE 2: THE FUTURE GENERATIONS FUND: THIS FUND WAS ESTABLISHED IN 2016 TO PROVIDE GRANTS TO PROGRAMS AND MINISTRIES THAT FOSTER THE SPIRITUAL DEVELOPMENT OF YOUNG PEOPLE (NEWBORN TO 30 YEARS OLD) AND NURTURE THEIR DEVELOPMENT AS CHURCH LEADERS. ANY PROGRAM CONSIDERED FOR GRANT FUNDING IS EXPECTED TO MEET THE FOLLOWING CRITERIA: A. BE WELL PLANNED AND EFFICIENT IN ITS USE OF FUNDS. B. HAVE IDENTIFIED ADEQUATE LOCAL AND EXTENDED SUPPORT TO SUSTAIN THE MINISTRY BEYOND THE GRANT PERIOD. C. INCLUDE EFFORTS TO COLLABORATE WITH OTHER AGENCIES AND GROUPS, SUCH AS LOCAL SCHOOLS AND PROGRAMS, MAXIMIZING REQUESTED FUNDS. D. INVOLVE VOLUNTEER LEADERSHIP AND STAFFING WHERE APPROPRIATE. E. PROVIDE MATCHING FUNDS. EMERGENCY GRANTS: WHEN THERE IS AN URGENT NEED DUE TO A WIDESPREAD EMERGENCY OR NATURAL DISASTER, THE FOUNDATION PRESIDENT IS EMPOWERED TO GRANT UP TO $10,000 AT HIS OR HER DISCRETION, IN CONSULTATION WITH THE COMMITTEE CHAIR, WITHOUT A CALLED MEETING OF THE ADVANCEMENT AND GRANTS COMMITTEE. SUCH GRANTS WILL BE IMMEDIATELY DISCLOSED TO THE FULL BOARD AND FOUNDATION STAFF. GRANTS WILL BE MADE TO THE AFFECTED ANNUAL CONFERENCE OR THE UNITED METHODIST COMMITTEE ON RELIEF. THE FLORIDA UNITED METHODIST FOUNDATION EMPLOYS ITS SCHOLARSHIP & GRANTS COMMITTEE TO OVERSEE THE ALLOCATION OF FUNDS, ENSURING THAT SCHOLARSHIPS AND GRANTS ARE AWARDED EFFECTIVELY. ADDITIONALLY, THE FOUNDATION CONDUCTS AN ANNUAL FOLLOW UP THROUGH ITS STAFF TO MONITOR THE PROGRESS AND IMPACT OF THE DISBURSED GRANTS. THIS APPROACH HELPS MAINTAIN ACCOUNTABILITY AND ENSURES THAT THE GRANTS ARE UTILIZED IN ALIGNMENT WITH THE FOUNDATION'S MISSION AND OBJECTIVES. X X 1 1 X X X X 0 0 0 0 0 1 0 1 0 REV EDWARD NEW PRESIDENT & CEO 122730 0 1000 0 11332 0 23681 0 91852 0 250595 0 0 0 PAMELA HICKS VICE PRESIDENT - THRU 5/24 156246 0 1168 0 0 0 19312 0 17403 0 194129 0 0 0 ANDREW CRASKE VICE PRESIDENT 132920 0 1142 0 23 0 16513 0 14526 0 165124 0 0 0 MARGARET COX CFO 124146 0 6221 0 0 0 15884 0 4759 0 151010 0 0 0 PART I, LINE 1A THE FLORIDA UNITED METHODIST FOUNDATION DOES NOT PROVIDE HOUSING FOR METHODIST MINISTERS. AS PER SECTION 107 OF IRSC (1986), ORDAINED METHODIST MINISTERS ARE ALLOWED TO EXCLUDE FROM THEIR GROSS INCOME THE RENTAL VALUE OF A HOME. THE HOUSING ALLOWANCE EXCLUSIONS ARE APPROVED BY THE FULL BOARD. IN MAY 2023, THE FOUNDATION JOINED GRASSLANDS GOLF & COUNTRY CLUB. THIS IS A CORPORATE MEMBERSHIP AND REV. EDWARD NEW IS THE INITIAL USER FOR THE MEMBERSHIP PRIVILEGES. REV. NEW PICKED UP A PRO RATA SHARE OF THE TOTAL FEES PAID IN 2024 BY THE FOUNDATION. THIS AMOUNT WAS LISTED ON HIS W-2. PART I, LINE 6 DURING 2024, THE ORGANIZATION ACCRUED COMPENSATION CONTINGENT ON THE NET EARNINGS OF THE ORGANIZATION ON BEHALF OF THE CFO. PART I, LINE 7 DURING 2024, THE ORGANIZATION PAID OR ACCRUED COMPENSATION CONTINGENT ON THE SUCCESSFUL IMPLEMENTATION OF SOFTWARE AND UTILIZE STAFF TO CRAFT SYSTEMS MAP AND/OR IMPLEMENTATION OF A HUMAN RESOURCES PROCESS ON BEHALF OF THE CFO. DURING 2024, THE ORGANIZATION PAID OR ACCRUED COMPENSATION CONTINGENT ON EFFECTIVE UTILIZATION OF FUNDRAISING SOFTWARE, FUND DEPOSIT LEVELS, EFFECTIVE QUALITY VISIT COUNT, AND/OR COMPLETION OF DEVELOPMENT TEAM RESPONSIBILITIES ON BEHALF OF THE DIRECTOR OF DEVELOPMENT. FORM 990, PART III, LINE 1 METHODIST CHURCH UNDER THE PROVISIONS OF CHAPTER 617, FLORIDA STATUTES, AND NOT FOR PECUNIARY PROFIT OR FINANCIAL GAIN. THE SPECIFIC PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: A. TO ACT AS TRUSTEE, TO ADMINISTER TRUSTS, TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, CHARITABLE, AND EDUCATIONAL PURPOSES, AND TO THAT END TO TAKE TITLE TO AND HOLD, BY CONTRACT, BEQUEST, DEVISE, GIFT, PURCHASE OR LEASE, EITHER ABSOLUTELY OR IN TRUST, ANY PROPERTY, REAL, PERSONAL AND MIXED, WITHOUT LIMITATIONS AS TO AMOUNTS OR VALUE; B. TO RECEIVE, ADMINISTER AND PARTICIPATE IN CHARITABLE REMAINDER TRUSTS, UNITRUSTS AND OTHER LIKE TRUSTS, TO THE EXTENT THIS CORPORATION IS LAWFULLY PERMITTED TO DO SO; TO SELL, CONVEY AND DISPOSE OF ANY SUCH PROPERTY AND TO INVEST AND REINVEST THE PRINCIPAL AND INCOME THEREOF, AND TO DEAL WITH AND EXPEND THE PRINCIPAL AND INCOME OF THIS CORPORATION FOR ANY OF THE AFOREMENTIONED OBJECTIVES AND PURPOSES, WITHOUT LIMITATION, EXCEPT AS TO SUCH LIMITATIONS, IF ANY, AS MAY BE CONTAINED IN THE INSTRUMENT UNDER WHICH SUCH PROPERTY IS RECEIVED OR OTHER LIMITATIONS IMPOSED BY LAW; C. TO RECEIVE DEPOSITS FROM LOCAL CHURCHES AND OTHER ORGANIZATIONS AND INSTITUTIONS OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR FLORIDA RESIDENTS AS MAY BE PERMITTED OR AUTHORIZED BY APPLICABLE LAW; TO PAY INTEREST ON SUCH DEPOSITS; TO OFFER DEBT SECURITIES THE PROCEEDS OF WHICH TO FUND LOANS MADE TO CHURCHES, INDIVIDUALS, ENTITIES, AGENCIES AND OTHER ORGANIZATIONS THE FOUNDATION SERVES; TO LEND MONEY TO LOCAL CHURCHES, ORGANIZATIONS, INSTITUTIONS AND AGENCIES RELATED TO THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR THE UNITED METHODIST CHURCH, OR TO CHURCHES, AGENCIES, DISTRICTS, SCHOOLS, ORGANIZATIONS AND CHARITIES WHOSE MISSION COMPLEMENTS AND SUPPORTS A WESLEYAN FOCUS ON ABUNDANT GRACE AND SHARED COMMITMENT TO MAKING DISCIPLES OF JESUS CHRIST FOR THE TRANSFORMATION OF THE WORLD; D. TO RECEIVE ANY PROPERTY, REAL, PERSONAL OR MIXED IN TRUST, UNDER THE TERMS OF ANY WILL, TRUST OR OTHER INSTRUMENT FOR THE FOREGOING PURPOSES OR ANY OF THEM, AND IN ADMINISTERING SAME TO CARRY OUT THE DIRECTIONS AND EXERCISE THE POWERS CONTAINED IN THE TRUST INSTRUMENT UNDER WHICH THE PROPERTY IS RECEIVED, INCLUDING THE EXPENDITURE OF THE PRINCIPAL, AS WELL AS THE INCOME, FOR ONE OR MORE OF SUCH PURPOSES, IF AUTHORIZED OR DIRECTED IN THE TRUST INSTRUMENT UNDER WHICH IT IS RECEIVED; TO RECEIVE, TAKE TITLE TO, HOLD, AND USE THE PROCEEDS AND INCOME OF STOCKS, BONDS, OBLIGATIONS, OR OTHER SECURITIES OF ANY CORPORATIONS OR CORPORATION, DOMESTIC OR FOREIGN, ONLY FOR THE FOREGOING POWERS, OR ANY OF THEM; E. TO ACQUIRE, RECEIVE AND ACCEPT, BY WAY OF GRANT, GIFT, DEVISE, BEQUEST, PURCHASE, LEASE OR OTHERWISE, MONEY AND REAL AND PERSONAL PROPERTY OF EVERY KIND, NATURE AND DESCRIPTION, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, INCLUDING SECURITIES (WHICH TERM, FOR ALL PURPOSES HEREOF, INCLUDES WITHOUT LIMITING THE GENERALITY THEREOF, SHARES OF STOCK, BONDS DEBENTURES, NOTES, MORTGAGES OR OTHER OBLIGATIONS, AND ANY CERTIFICATES, RECEIPT OR OTHER INSTRUMENTS, REPRESENTING ANY RIGHTS OR INTEREST THEREIN OR WITH RESPECT THERETO) CREATED OR ISSUED BY ANY PERSON, FIRM, ASSOCIATION, CORPORATION OR GOVERNMENT OR SUBDIVISION THEREOF; TO EXERCISE AS OWNER OR HOLDER OF ANY SUCH PROPERTY ANY AND ALL RIGHTS, POWERS AND PRIVILEGES IN RESPECT THEREOF, TO HOLD, ADMINISTER, SELL, CONVEY, DISPOSE OF, INVEST AND REINVEST SUCH PROPERTY AND THE INCOME AND PROCEEDS THEREOF; TO USE, APPLY OR DISBURSE ANY OF ITS PROPERTY OR THE INCOME OR THE PROCEEDS THEREOF, EXCLUSIVELY FOR OR TOWARD ANY ONE OR MORE OF ITS PURPOSES AS LISTED HEREIN; F. TO SOLICIT THE DONATION OR INVESTMENT OF FUNDS FROM BOARDS, AGENCIES, AND INSTITUTIONS AFFILIATED WITH THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH AND FROM DONORS, INDIVIDUALS, FAMILIES AND SUPPORTERS OF THE UNITED METHODIST CHURCH; TO RECEIVE, HOLD, INVEST, REINVEST, AND ADMINISTER SUCH FUNDS AND OTHER PROPERTY WHICH MAY BE GIVEN, TRANSFERRED, CONVEYED OR ENTRUSTED TO IT IN AN INVESTMENT FUND OR MORTGAGE POOL; TO ISSUE RECEIPTS TO SUCH DONORS AND HOLDERS OF PARTICIPATION CERTIFICATES, NOTES OR DEBENTURES FOR THEIR GIFTS, OR AS THE CASE MAY BE, INVESTMENT IN DEBT SECURITIES, AN INVESTMENT FUND OR MORTGAGE POOL; TO INVEST SUCH FUNDS IN MORTGAGE LOANS TO UNITED METHODIST CHURCHES, AND TO THE EXTENT DETERMINED BY THE BOARD OF DIRECTORS, TO INVEST IN STOCKS, BONDS, OR OTHER SECURITIES, WITHOUT BEING LIMITED TO SO-CALLED LEGAL INVESTMENTS FOR FIDUCIARIES; TO COLLECT THE INTEREST OR INCOME THEREOF; TO PAY TO INVESTORS SUCH INTEREST UPON THEIR INVESTMENTS AS MAY BE DETERMINED BY THE CERTIFICATES OF PARTICIPATION, NOTE OR DEBENTURES OR CONTRACTS WITH THE CORPORATION; TO PURCHASE, SELL, EXCHANGE OR OTHERWISE DISPOSE OF, PLEDGE, MORTGAGE, OR HYPOTHECATE, ALL KINDS OF SECURITIES, AND TO EXERCISE ANY AND ALL OF SAID POWERS, EITHER ON ITS OWN ACCOUNT, OR AS AGENT OR TRUSTEE FOR ALL PERSONS, FIRMS, CORPORATIONS, OR OTHER ORGANIZATIONS; G. TO PROVIDE, FOR A REASONABLE FEE, CONSULTING, FINANCIAL, STEWARDSHIP AND ADMINISTRATIVES SERVICES FOR LOCAL CHURCHES, ORGANIZATIONS AND INSTITUTIONS OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH, THE UNITED METHODIST CHURCH, OTHER RELIGIOUS ENTITIES ORGANIZED AS A 501(C)(3) NOT FOR PROFIT ORGANIZATION WHOSE MISSION COMPLEMENTS AND SUPPORTS A WESLEYAN FOCUS ON ABUNDANT GRACE AND SHARED COMMITMENT TO MAKING DISCIPLES OF JESUS CHRIST FOR THE TRANSFORMATION OF THE WORLD, H. TO EXERCISE ANY, ALL AND EVERY POWER UNDER WHICH A NON-PROFIT CORPORATION ORGANIZED UNDER THE PROVISIONS OF THE FLORIDA NOT-FOR-PROFIT CORPORATION ACT, AS FROM TIME TO TIME MAY BE AMENDED, FOR RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSES, CAN BE AUTHORIZED TO EXERCISE. NO PART OF THE ACTIVITIES OF THIS CORPORATION SHALL BE THE CARRYING-ON OF PROPAGANDA OR OTHERWISE ATTEMPT TO INFLUENCE LEGISLATION, OR THE PARTICIPATION IN ANY POLITICAL CAMPAIGN ON BEHALF OF ANY CANDIDATE FOR PUBLIC OFFICE. THE FLORIDA METHODIST FOUNDATION RENEWED CEFEX (CENTER FOR FIDUCIARY EXCELLENCE) CERTIFICATION IN 2024. CEFEX CERTIFIED FIRMS ADHERE TO A STANDARD REPRESENTING THE BEST PRACTICES IN THEIR INDUSTRY. THE STANDARDS INCLUDE SPECIFIC CRITERIA WHICH HAVE BEEN SUBSTANTIATED BY REGULATION OR WRITTEN IN CONSULTATION WITH LEADING FIRMS. CEFEX CERTIFIED FIRMS VOLUNTARILY UNDERTAKE ANNUAL AUDITS BY INDEPENDENT EXPERT ANALYSTS. THIS CONTINUALLY VERIFIES THEIR ADHERENCE TO THE APPLICABLE STANDARD AND IS SUPPLEMENTAL TO OVERSIGHT PERFORMED BY REGULATORS, OR FINANCIAL AUDITORS. FORM 990, PART VI, SECTION A, LINE 1A UNLESS OTHERWISE DETERMINED BY THE BOARD, THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIR OF THE BOARD, THE VICE CHAIR OF THE BOARD, THE SECRETARY AND THE CHAIRS OF THE STANDING COMMITTEES, WHO SHALL HAVE AND EXERCISE SUPERVISORY AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND GOVERNANCE OF THE BUSINESS OF THE FOUNDATION DURING THE PERIOD BETWEEN MEETINGS OF THE BOARD; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER TO AMEND THE ARTICLES OF INCORPORATION OR BYLAWS, APPROVE A DISSOLUTION OF THE FOUNDATION, MERGER OR CONSOLIDATION, INCREASE OR DECREASE THE SIZE OF THE BOARD, AMEND OR REPEAL ANY RESOLUTION OF THE BOARD THAT BY ITS EXPRESS TERMS CANNOT BE SO AMENDED OR REPEALED AND SHALL BE SUBJECT TO ANY OTHER RESTRICTIONS PLACED UPON ITS POWER BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL ALSO RECOMMEND TO THE BOARD OF DIRECTORS THE QUALIFICATIONS FOR OFFICERS OF THE FOUNDATION AND THEIR SALARIES AND SHALL ASSIST THE PRESIDENT IN THE SELECTION, EMPLOYMENT, AND PERFORMANCE REVIEW OF THE OFFICERS OF THE FOUNDATION. EACH IMMEDIATE PAST CHAIRPERSON OF THE BOARD OF DIRECTORS WHO HAS BEEN ELECTED TO SERVE AN ADVISORY TERM SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE DURING HIS OR HER ADVISORY TERM BUT SHALL NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 4 DURING THE FISCAL YEAR, THE ORGANIZATION REVISED ITS BYLAWS TO MODERNIZE LANGUAGE, UPDATE OFFICER TITLES AND RESPONSIBILITIES, AND PROVIDE DETAILED DESCRIPTIONS OF THE COMMITTEES. ADDITIONALLY, THE BYLAWS EXPANDED MEMBERSHIP TO INCLUDE LAY AND CLERGY MEMBERS OF OTHER BODIES SUPPORTING THE WESLEYAN MISSION. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THIS FOUNDATION SHALL BE THE LAY AND CLERGY MEMBERS OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH OR OTHER BODY AS CONSTITUTED BY THE THEN CURRENT BOOK OF DISCIPLINE OF THE UNITED METHODIST CHURCH OR OTHER DESIGNATED RELIGIOUS ORGANIZATION THAT SUPPORTS AND FURTHERS A WESLEYAN MISSION, QUALIFIES AS A SECTION 501(C)(3) ORGANIZATION UNDER THE INTERNAL REVENUE CODE AND HAS BEEN DESIGNATED BY THE FLORIDA ANNUAL CONFERENCE TO BE THE SUCCESSOR MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATE MEMBERS OF THE FOUNDATION ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING THE AUDIT AND INFORMATION FURNISHED BY STAFF. THE FOUNDATION'S AUDIT COMMITTEE REVIEWED THE DRAFT FORM 990 WITH STAFF AND APPROVED IT. THE FINAL DRAFT WAS PRESENTED BY THE AUDIT COMMITTEE TO THE BOARD OF DIRECTORS AT THEIR MEETING FOR APPROVAL. UPON APPROVAL BY THE BOARD, THE FORM 990 WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NO CONTRACT OR COMMERCIAL TRANSACTION BETWEEN THE FOUNDATION AND ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS OR ANY OTHER CORPORATION, FIRM, ASSOCIATION OR ENTITY IN WHICH ONE OR MORE OF THE MEMBERS OF THE BOARD OF DIRECTORS ARE MEMBERS OF THE BOARD OF DIRECTORS OR OFFICERS OR ARE FINANCIALLY INTERESTED SHALL BE EITHER VOID OR VOIDABLE BECAUSE OF SUCH RELATIONSHIP OR INTEREST, BECAUSE SUCH MEMBER OF THE BOARD OF DIRECTORS ARE PRESENT AT THE MEETING OF THE BOARD OF DIRECTORS THEREOF WHICH AUTHORIZES, APPROVES OR RATIFIES SUCH CONTRACT OR TRANSACTION, OR BECAUSE HIS, HER OR THEIR VOTES ARE COUNTED FOR SUCH PURPOSES, IF THE FOLLOWING CONDITIONS ARE MET: (A) THE FACT OF SUCH RELATIONSHIP OR INTEREST IS DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS WHICH AUTHORIZES, APPROVES OR RATIFIES THE CONTRACT OR TRANSACTION BY A VOTE OR CONSENT SUFFICIENT FOR THE PURPOSE WITHOUT COUNTING THE VOTES OR CONSENTS OF SUCH INTERESTED MEMBERS OF THE BOARD OF DIRECTORS; AND (B) THE CONTRACT OR TRANSACTION IS FAIR AND REASONABLE AS TO THE FOUNDATION AT THE TIME IT IS AUTHORIZED BY THE BOARD OF DIRECTORS; AND (C) COMMON OR INTERESTED MEMBERS OF THE BOARD OF DIRECTORS MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF DIRECTORS WHICH AUTHORIZES, APPROVES OR RATIFIES SUCH CONTRACT OR TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE FOR THE PRESIDENT AND OTHER OFFICERS. AN INDEPENDENT HUMAN RESOURCE CONSULTANT PROVIDED COMPENSATION RANGES FOR ALL STAFF INCLUDING THE PRESIDENT AND KEY EMPLOYEES IN 2015, 2017, 2019 AND 2022. THIS REPORT WAS PROVIDED TO THE EXECUTIVE COMMITTEE. THE INDEPENDENT CONSULTANT UTILIZED VARIOUS LOCAL, REGIONAL AND NATIONAL SALARY GUIDE DATABASES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. TAX RETURNS AND FINANCIALS ARE AVAILABLE UPON SIGNED WRITTEN REQUEST AND ALSO AVAILABLE UPON EMAIL REQUEST FROM OUR WEBSITE. IN AN ATTEMPT TO "GO GREEN," THE FOUNDATION OFFERS THE OFFERING CIRCULAR UPON REQUEST ON THE WEBSITE IN ELECTRONIC FORM. THE PRINTED FORM IS AVAILABLE UPON REQUEST - EITHER VERBAL, WRITTEN OR ELECTRONIC. TWO DOCUMENTS ARE PRODUCED ANNUALLY, THE OFFERING CIRCULAR AND FUMF FUND DISCLOSURES, DESCRIBING THE FOUNDATION'S WORK ASSISTING AGENCIES, DISTRICTS AND CHURCHES PRIMARILY OF THE FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST. THE OFFERING CIRCULAR HIGHLIGHTS THE FOUNDATION'S DEVELOPMENT FUND WHICH PRIMARILY MAKES LOANS TO FLORIDA UNITED METHODIST CHUIRCHES AND RETURNS INTEREST INCOME FOR THE CHURCHES. THE FUMF FUND DISCLOSURE DESCRIBES THE CHURCH ENDOWMENT INVESTMENTS THROUGH THE FUMF FUNDS AND REPORTS THEIR PERFORMANCE. BOTH DOCUMENTS, OFFERING CIRCULAR AND FUMF FUND DISCLOSURE, ALSO INCLUDES THE FOUNDATION'S ANNUAL AUDIT. THE FOUNDATION ALSO MAILS ITS ANNUAL REPORT OR AN ANNUAL NEWSLETTER TO ALL ACCOUNT HOLDERS, WHICH HIGHLIGHTS ITS FINANCIALS FOR THE YEAR. THE ANNUAL REPORT AND NEWSLETTER ARE ALSO AVAILABLE ONLINE AT THE FOUNDATION'S WEBSITE. CURRENT AUDITED FINANCIALS ARE PART OF THE PRINTED OFFERING CIRCULAR AND FUMF FUND DISCLOSURE AND ARE SENT OUT WITH ANY REQUEST OR DISTRIBUTED CIRCULARS EVEN BY EMAIL. FORM 990, PART XI, LINE 9: CHANGE IN PRESENT VALUE OF FUTURE INTEREST IN TRUSTS 55,371. FLORIDA ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH 450 MARTIN LUTHER KING JR AVE LAKELAND FL 33815 590904361 SUPPORT UNITED METHODIST CONGREGATIONS AND THEIR LAY AND CLERGY LEADERS FL 501(C)(3) LINE 1 N/A 0 CHARITABLE REMAINDER TRUSTS (3) SUPPORT FOUNDATION'S MISSION FL FLORIDA UNITED METHODIST FOUNDATION 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0