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EIN 76-0680471

Permanent Endowment Fund of the Moody Memorial First United Method (PEF)

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Galveston
State
Texas
Year formed
1980
Most recent tax filings
2023-12-01
NTEE code, primary
X20: Christian
Description
To hold, administer and distribute funds exclusively to and in aid of the religious, charitable and educational purposes at moody Methodist church.
Also known as...
Permanent Endowment Fund of Moody Methodist Church
Total revenues
$19,121,503
2023
Total expenses
$11,625,776
2023
Total assets
$123,555,922
2023
Num. employees
6
2023

Program areas at PEF

The Permanent Endowment Fund of the Moody Memorial First Methodist Church (PEF) aids in the religious, charitable, educational, and missional purposes of the Moody Methodist Church and the United Methodist Church.

Grants made by PEF

GranteeGrant descriptionAmount
Galveston College FoundationHealth Sciences Education Center - Classroom Equipment$1,000,000
Galveston Housing PlusInitial Operating Expenses$494,000
New RoomHvac, Bathrooms, Plus$300,000
...and 93 more grants made totalling $6,711,537

Personnel at PEF

NameTitleCompensation
Randall K RobinsonChief Financial Officer$114,500
Bert R BagleyExecutive Director$176,000
Kari ScottDirector of Grant Compliance
Penny ScottDirector of Grants
Shannon Rios, PhDDirector of Grant Compliance

Financials for PEF

RevenuesFYE 12/2023
Total grants, contributions, etc.$14,755,088
Program services$0
Investment income and dividends$3,105,128
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,261,287
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,121,503

Form 990s for PEF

Fiscal year endingDate received by IRSFormPDF link
2023-122025-02-03990View PDF
2022-122023-11-13990View PDF
2021-122022-11-12990View PDF
2020-122021-11-12990View PDF
2019-122021-08-19990View PDF
...and 11 more Form 990s
Data update history
December 1, 2024
Updated personnel
Identified 1 new personnel
September 21, 2024
Updated personnel
Identified 2 new personnel
April 24, 2024
Updated personnel
Identified 4 new personnel
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 25, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsHeadquarter / parent organizationsCharities
Issues
Religion
Characteristics
ReligiousChristianProvides grantsTax deductible donationsAccepts online donations
General information
Address
2200 Market St
Galveston, TX 77550
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Galveston County, TX
Website URL
pefgalveston.org/ 
Phone
(409) 744-4526
IRS details
EIN
76-0680471
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X20: Christian
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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