2025-05-12T12:49:52-05:00 2024-12-31 750786316 WEAVER AND TIDWELL LLP 2821 W 7TH ST STE 700 FORT WORTH TX 76107 990 2024-01-01 756042162 FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC FIRS 8176392367 640 TAYLOR STREET SUITE 2510 FORT WORTH TX 76102 ASHLEY W JOHNSON PRESIDENT 8176392367 2025-04-28 1 1 JAMES FLATT P00444540 8173327905 2024 2025-03-06 01:10:19Z SID JOHNSTON 640 TAYLOR STREET SUITE 2510 FORT WORTH TX 76102 18637553 0 X WWW.FMCFOUNDATION.ORG X 1964 TX TO PROVIDE FUNDS FOR FIRST UNITED METHODIST CHURCH OF FORT WORTH 19 19 2 22 0 0 1667931 28383 0 0 1944092 4951420 808710 822060 4420733 5801863 2599932 3067946 0 0 414488 438371 0 0 0 547457 618885 3561877 4125202 858856 1676661 92624444 101236897 447502 583779 92176942 100653118 X TO SOLICIT, RECEIVE, MAINTAIN AND PRESERVE (EITHER ABSOLUTELY OR IN TRUST) GIFTS AND BEQUESTS WHICH ARE INTENDED TO BENEFIT THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. TO SUPPORT, BENEFIT, BE RESPONSIVE TO THE NEEDS OF, ASSIST IN CARRYING OUT THE PURPOSES OF AND TO PROMOTE THE MINISTRIES, PROGRAMS AND ACTIVITIES OF THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. 0 0 3067946 3067946 316 SEE SCHEDULE O FOR NARRATIVE: 3067946 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 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 4 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SID JOHNSTON 8176392367 640 TAYLOR STREET SUITE 2510 FORT WORTH TX 76102 X LOU ANN BLAYLOCK DIRECTOR EMERITI 0.30 X 0 0 0 LEE BLOEMENDAL MD DIRECTOR EMERITI 0.30 X 0 0 0 VERNON BRYANT DIRECTOR EMERITI 0.30 X 0 0 0 R EARL COX III DIRECTOR EMERITI 0.30 X 0 0 0 RICHARD DEBERRY VICE PRESIDENT 1.00 X X 0 0 0 JOHN MADDUX DIRECTOR 0.30 X 0 0 0 MICHELLE HOLLOWAY DIRECTOR/SECRETARY 0.30 X X 0 0 0 KENNETH H JONES JR DIRECTOR EMERITI 0.30 X 0 0 0 DON L STEGALL DIRECTOR EMERITI 0.30 X 0 0 0 JOHN R THOMPSON JR DIRECTOR EMERITI 0.30 X 0 0 0 HENRY B PAUP DIRECTOR EMERITI 0.30 X 0 0 0 ASHLEY JOHNSON PRESIDENT 2.00 X X 0 0 0 GREGORY W MONROE DIRECTOR 0.30 X 0 0 0 DAVID MOORE DIRECTOR 0.30 X 0 0 0 JENNY HOLMANN DIRECTOR 0.30 X 0 0 0 ALICIA RATTIKIN LINDSEY DIRECTOR 0.30 X 0 0 0 MANDI NOSS DIRECTOR 0.30 X 0 0 0 BRIAN BELL DIRECTOR 0.30 X 0 0 0 DAVID DOLL DIRECTOR 0.30 X 0 0 0 MEGHAN FAHEY ADVISORY DIRECTOR 0.30 X 0 0 0 COURTNEY HOLM ADVISORY DIRECTOR 0.30 X 0 0 0 WA LANDRETH III ADVISORY DIRECTOR 0.30 X 0 0 0 LAURA MOSES ADVISORY DIRECTOR 0.30 X 0 0 0 NATHAN VASSEUR DIRECTOR 0.30 X 0 0 0 CYE WAGNER DIRECTOR 0.30 X 0 0 0 SID JOHNSTON EXECUTIVE DIRECTOR 50.00 X 253749 0 33032 253749 0 33032 1 0 1 0 LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE STREET STE 1600 FORT WORTH TX 76102 PORTFOLIO MANAGEMENT SERVICES 394869 1 28383 28383 1602107 1602107 645963 645963 175781 0 175781 175781 175781 15860128 324875 12835690 0 3024438 324875 3349313 3349313 4599 MISCELLANEOUS INCOME 900099 316 316 316 5801863 316 0 5773164 3067946 3067946 364500 364500 25506 25506 27630 27630 20735 20735 46539 46539 403686 403686 850 850 12523 12523 42566 42566 39957 39957 30 30 8052 8052 20160 20160 AD VALOREM TAXES 29153 29153 DUES & SUBSCRIPTIONS 9426 9426 O&G PROFESSIONAL EXPENS 5743 5743 MISCELLANEOUS EXPENSES 200 200 4125202 3067946 1057256 0 59529 40803 2090 2207 125000 110043 630 1050 88539813 98520804 3897382 2561990 92624444 101236897 5573 5998 441929 577781 447502 583779 X 86861870 94635082 5315072 6018036 92176942 100653118 92624444 101236897 X 1676661 8175407 -1375892 X X 0 1 X 1 0 X X 1 FIRST UNITED METHODIST CHURCH OF FORT WORTH INC 750800645 1 1 3067946 0 1 3067946 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 3349313 0 0 2515975 2424167 2515975 5773480 0 0 16365 29153 350863 403686 2148747 5340641 82261646 94439365 44968 40453 3431591 2282196 85738205 96762014 0 0 0 85738205 96762014 1286073 1451430 84452132 95310584 2955825 3335870 0 0 2955825 3335870 2148747 1826435 2955825 2955825 0 2955825 3067946 0 0 0 0 0 3067946 3067946 2955825 100.000000000000 2955825 0 0 0 0 1089444 2599932 3689376 0 2955825 0 733551 3067946 0 3067946 0 0 3801497 0 0 0 733551 3067946 SCHEDULE A, PART IV, SECTION D, LINE 3 THE INVESTMENT POLICIES OF THE FOUNDATION WERE CREATED AND ARE MAINTAINED BY THE FOUNDATION INVESTMENT COMMITTEE. THIS COMMITTEE INCLUDES DIRECTORS WHO HAVE COMMON MEMBERSHIP OF THE GOVERNING BODIES OF THE FOUNDATION AND CHURCH. CERTAIN FUNDS ARE GIVEN TO THE CHURCH WHEN THE CHURCH REQUESTS FUNDING, BUT MOST OF THE MAJOR DISTRIBUTIONS ARE GIVEN THROUGHOUT THE YEAR IN DESIGNATED QUARTERS OR MONTHS. THE CHURCH HAS THE SOLE DISCRETION AS TO THE USES OF THE FUNDING DISTRIBUTIONS FROM THE FOUNDATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 165478 1 1 0 441929 135852 577781 1 X 3763140 668 542609 40457 4265960 3278181 50000 477694 42735 3763140 4006048 -669776 58091 3278181 3306142 10200 752123 62417 4006048 2753671 2565 563431 13525 3306142 0.29853 0.70147 0 0 0 X 13573584 8175407 8175407 5398177 403686 403686 5801863 3721516 0 3721516 403686 403686 4125202 PART IV, LINE 2B: IN 2011, THE UNITED METHODIST WOMEN'S (UMW) FOUNDATION ESTABLISHED THE UMW ENDOWMENT. THE MONEY CONTRIBUTED TO THIS ENDOWMENT IS HELD IN TRUST BY THE FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION (THE FOUNDATION). THE FOUNDATION WILL INVEST THIS MONEY FOR THE BENEFIT OF THE UMW FOUNDATION. THE CORPUS SHALL BE PRESERVED AS A PERMANENT INVESTMENT FROM WHICH ONLY EARNINGS ARE SPENT. THIS MONEY IS CONSIDERED A LIABILITY ON THE BOOKS OF THE FOUNDATION BECAUSE THE FOUNDATION DOES NOT HAVE CONTROL OVER THE MONEY IN THE ENDOWMENT NOR THE EARNINGS OR DECISION MAKING. PART V, LINE 4: DONOR RESTRICTED ASSETS TO SUPPORT DONOR SPECIFIED PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING IN SECTION 509(A) OF THE CODE. THE FOUNDATION RECOGNIZES IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECT OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. AT DECEMBER 31, 2024 AND 2023, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 FIRST UNITED METHODIST CHURCH OF FORT WORTH INC 800 W 5TH ST FORT WORTH TX 76102 750800645 501(C)(3) 3067946 0 GENERAL FINANCIAL SUPPORT. X 0 0 0 0 0 0 0 0 0 SID JOHNSTON EXECUTIVE DIRECTOR 253749 0 0 0 0 0 31042 0 1990 0 286781 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. AUTHORIZATION OF THE FILING OF FORM 990 WAS FORMALLY APPROVED BY THE BOARD OF DIRECTORS AT ITS QUARTERLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANY SERVICES THAT ARE PAID DIRECTLY TO A BOARD MEMBER MUST BE APPROVED BY THE BOARD; WHILE THE VOTE IS TAKEN, THE BOARD MEMBER MUST RECUSE THEMSELVES FROM THE MEETING AND VOTING PROCESS. ANY DELIBERATIONS ARE NOTED IN THE OFFICIAL BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 KEY PERSONNEL COMPENSATION IS DETERMINED THROUGH THE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS USING COMPARATIVE DATA. CONTEMPORANEOUS SUBSTANTIATION IS PROVIDED THROUGH MINUTES OF THE BOARD AND EMPLOYMENT DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST EITHER WRITTEN OR IN PERSON. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT -1. 2023 UPDATED FMV FOR O&G MINERAL INTERESTS -2,003,498. 2024 UPDATED FMV FOR O&G MINERAL INTERESTS 627,607. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE TO THE SELECTION OR OVERSIGHT PROCESS DURING THE YEAR. FORM 990, PART III, LINE 4A THROUGH THE GENEROSITY OF MANY DEDICATED MEMBERS AND FRIENDS OF FIRST UNITED METHODIST CHURCH OF FORT WORTH, THE FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC. CONTINUED ITS TRADITION OF BUILDING ITS ASSET BASE AND GENERATING INCOME FOR CHURCH USE. WE ARE CONTINUALLY THANKFUL FOR LEGACY DONATIONS THAT ALLOW DONORS TO MAKE A GIFT AND KNOW IT WILL CONTINUE TO SUPPORT OUR CHURCH IN PERPETUITY. THROUGH LEGACY GIVING, PEOPLE WHO LOVE OUR GREAT CHURCH CONTINUE GIVING BEYOND THEIR LIFETIMES. EACH DONOR'S PHILANTHROPY AND MEMORY LIVE FOREVER. IT'S ALMOST AS IF THEY CONTINUE TO WRITE A CHECK TO THE CHURCH EVERY YEAR BECAUSE THEIR ORIGINAL GIFT TO THE FOUNDATION IS STILL INTACT, PRODUCING ANNUAL INCOME FOR THE CHURCH. HAVING ANNUAL INCOME PRODUCED BY THE ENDOWMENT ASSURES GIFTS EXTEND THROUGH MULTIPLE GENERATIONS BECAUSE OF THE UNIQUE STRUCTURE OF THE FOUNDATION ENDOWMENT. THE FOUNDATION'S ENDOWMENT USES ONLY THE INTEREST AND INCOME GENERATED FROM ORIGINAL DONATIONS SUPPORTING THE CHURCH AND ITS ENTIRE COMMUNITY, NEVER TOUCHING THE ORIGINAL CONTRIBUTIONS THAT FORM THE CORPUS OF THE FUND. SINCE ITS BEGINNING IN 1964, THE FOUNDATION HAS RELEASED OVER $72.5 MILLION TO OUR CHURCH. WE STRIVE TO HAVE EVERYONE UNDERSTAND THE FOUNDATION'S VALUE IN ITS INTERRELATIONSHIP WITH THE CHURCH. THE FOUNDATION WORKS DILIGENTLY TO ASSURE THAT CONGREGANTS KNOW ABOUT HOW THE FOUNDATION OPERATES AND TAKE PRIDE IN ITS FUNCTION TO HELP THE CHURCH DO ITS INVALUABLE WORK. WE ARE THANKFUL FOR THE WISE DECISION OF PAST AND PRESENT BOARDS OF THE FOUNDATION AS THEY FULFILL THE DREAM OF OUR 1964 FOUNDERS. IN 2024, THE FOUNDATION RELEASED A TOTAL OF $3.067 MILLION IN EARNINGS TO THE CHURCH FOR THEIR USE TO SUPPORT ITS MOST PRESSING NEEDS. THIS FINANCIAL CONTRIBUTION ENABLED THE CHURCH TO UNDERTAKE A SERIES OF CRITICAL MAINTENANCE AND IMPROVEMENT PROJECTS, ENSURING THE CONTINUED FUNCTIONALITY AND ENHANCEMENT OF ITS FACILITIES. KEY INITIATIVES FUNDED BY THESE EARNINGS INCLUDED THE REPAIR OF THE SANCTUARY CEILING, THE REPLACEMENT OF THE MULTIZONE HVAC SYSTEM FOR THE MAIN CHURCH, LIGHTING UPGRADES IN THE CHAPEL, INSTALLATION OF GATES FOR THE GARDEN, AND RENOVATIONS TO THE FOUNDATION'S SECOND FLOOR. ADDITIONALLY, THE FUNDS FACILITATED FLOOD DAMAGE REPAIRS AND RENOVATIONS TO THE JUSTIN YOUTH BUILDING, THE INSTALLATION OF NEW CAMERAS AND AN INTERCOM SYSTEM FOR THE PRESCHOOL, ELEVATOR REPAIRS, AND THE ADDITION OF CAMERAS FOR THE 11:11 WORSHIP SERVICES. BEYOND INFRASTRUCTURE IMPROVEMENTS, THESE FUNDS ALSO PROVIDED VITAL SUPPORT TO THE METHODIST JUSTICE MINISTRY, FIRST STREET MISSION, AND DEMENTIA-FRIENDLY MINISTRIES, REINFORCING THE CHURCH'S COMMITMENT TO SERVING ITS CONGREGATION AND COMMUNITY. OUR GOAL IS TO ENSURE WE HAVE CLEAR, UNDERSTANDABLE, AND TRANSPARENT INFORMATION ABOUT FOUNDATION OPERATIONS, EFFORTS, AND RESULTS. WE SHARE FACTS AND FIGURES WITH INTERESTED PARTIES THROUGH PRINT COLLATERAL MATERIALS, GUEST LECTURES FOR SUNDAY SCHOOL CLASSES, SOCIAL MEDIA POSTS, AND OUR WEBSITE: HTTP://WWW.FMCFOUNDATION.ORG. THE FOUNDATION'S ENDOWMENT CONTINUES TO BE A TIMELESS, ENDURING RESOURCE FOR THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. WE HOPE TO INSPIRE OUR FUMCFW FAMILY TO BECOME EVEN MORE INTERESTED IN WHAT THE FOUNDATION HAS RELEASED TO THE CHURCH FOR ITS PROGRAMS, SERVICES, AND OUTREACH. WE HOPE THEY WILL APPRECIATE THAT WE EXIST ONLY TO ENHANCE THE CHURCH THROUGH ONGOING UNDERWRITING MADE POSSIBLE BY LEGACY CONTRIBUTIONS FROM OUR ALTRUISTIC, GENEROUS DONORS. FIRST UNITED METHODIST CHURCH OF FORT WORTH INC 800 W 5TH ST FORT WORTH TX 76102 750800645 RELIGIOUS SERVICES TX 501(C)(3) LINE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FIRST UNITED METHODIST CHURCH OF FORT WORTH B 3067946