EIN 64-0507167

Mississippi Methodist Foundation

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
1967
Most recent tax filings
2019-12-01
Description
-- vision statement: the Foundation is a ministry established to provide innovative financial services to benefit united methodists in fulfillment of their Christian stewardship commitment in a rapidly changing society. The Foundation is committed to ...

Program areas at Mississippi Methodist Foundation

The Mississippi united Methodist Foundation awarded 95 undergraduate awards totaling $85,450, 13 seminary awards were given totaling $21,200, and $7,000 was given through the global board of higher education for total scholarships awarded of $113,650.
The Mississippi united Methodist Foundation provided investment management services for 774 churches and united Methodist affiliates. This includes investment decisions, purchases and sales, as well as, the collection of investment income and allocation of returns . The Foundation provided guidance, leadership, and workshops for church leaders and committees including generosity, church and individual financial management, and planned giving. The staff met with nearly 50 groups providing guidance, leadership, and workshops for church leaders and committees.
The Mississippi united Methodist Foundation distributed funds to various churches and nonprofits to further their exempt purpose. During the year, the endowments distributed $111,372 to various churches and nonprofits. The Foundation added an additional $1,500 which was awarded to 9 churches in furtherance of their exempt purpose and provided funds and scholarships for clergy leadership conferences of $5,500.

Form 990s for Mississippi Methodist Foundation

Fiscal year endingDate received by IRSFormPDF link
2019-122021-02-19990View PDF
2018-122020-01-31990View PDF
2017-122018-10-16990View PDF
2016-122017-11-29990View PDF
2015-122017-01-10990View PDF
...and 6 more Form 990s

Grants made by Mississippi Methodist Foundation

GranteeGrant descriptionAmount
Millsaps CollegeFulfill Charitable Intent of Endowment$15,734
Natchez Children's ServicesFulfill Charitable Intent of Endowment$13,317
Palmer Home for ChildrenFulfill Charitable Intent of Endowment$13,317
 View purchase optionsFulfill Charitable Intent of Endowment$13,316
 View purchase optionsFulfill Charitable Intent of Endowment$7,832
...and 1 more grants made

Financials for Mississippi Methodist Foundation

RevenuesFYE 12/2019
Total grants, contributions, etc.$1,413,193
Program services$142,829
Investment income and dividends$1,566,286
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,879,596
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,286
Total revenues$7,003,190

Personnel at Mississippi Methodist Foundation

NameTitleCompensation
Mary Lee ReedAssociate Director and Chief Financial Officer / Board Member$94,005
Melissa BlakelyOffice and Communications Manager / Associate Director and Chief Financial Officer
Mike HicksExecutive Director / Board Member$87,967
 View purchase optionsPast Executive Director$99,039
 View purchase optionsTreasurer$81,608
...and 3 more key personnel

Organizations like Mississippi Methodist Foundation

OrganizationLocationRevenue
Catholic Foundation of OklahomaOklahoma City, OK$3,957,421
Catholic Community FoundationPhoenix, AZ$7,841,756
The Foundation of The Catholic Diocese of ColumbusColumbus, OH$8,901,734
Catholic Community Foundation of San DiegoSan Diego, CA$3,624,218
Archdiocese of Milwaukee Catholic Community FoundationMilwaukee, WI$16,242,084
Jewish Foundation of Greater New HavenWoodbridge, CT$7,143,678
Catholic Community Foundation / Finance DepartmentCleveland, OH$21,763,148
Roman Catholic Foundation of Eastern MissouriSaint Louis, MO$6,345,875
Catholic Foundation of MichiganBloomfield Hills, MI$9,240,451
Catholic Foundation Northern ColoradoGreenwood Village, CO$12,803,878
Lovers Lane United Methodist Church FoundationDallas, TX$5,557,051
First Methodist Church of Fort Worth FoundationFort Worth, TX$4,129,056
Catholic Community Foundation of Mid-MichiganSaginaw, MI$3,943,833
Southwest Community Foundation (DJCF)Dallas, TX$32,744,626
Truman Heartland Community Foundation (THCF)Independence, MO$10,906,652
The Jewish Home and Senior Living Foundation (JHSLF)San Francisco, CA$7,958,630
LSS FoundationWest Allis, WI$1,877,764
Kansas Area United Methodist FoundationHutchinson, KS$1,806,908
Catholic Education FoundationLouisville, KY$5,607,518
Sturgis Area Community FoundationSturgis, MI$2,274,844
TOMORROW'S Hope FoundationRockville Centre, NY$2,876,040
The Fuller FoundationPasadena, CA$12,703,960
Oregon Jewish Community Foundation (OJCF)Portland, OR$10,383,777
The Foundation for Jewish Philanthropies (FJP)Getzville, NY$11,421,949
Oregon Tech FoundationKlamath Falls, OR$2,630,032
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$7,003,190
2019
Yearly growth
24.5%
% of revenues
n/a
Total expenses
$3,562,742
2019
Yearly growth
1.5%
% of expenses
n/a
Total assets
$119,572,860
2019
Yearly growth
8.5%
% of assets
n/a
Num. employees
5
2019
Yearly growth
25%
% of total
n/a
General information
Address
PO Box 2415
Ridgeland, MS 39158
Metro area
Jackson, MS
County
Madison County, MS
Website URL
methodistfm.org/ 
Phone
(601) 948-8845
IRS details
EIN
64-0507167
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1967
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X11: Religion-Related Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization