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Metropolitan Ministries Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203535998 ✦ Tampa, FL ✦ Designated as a 501(c)(3)

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Overview

What is Metropolitan Ministries Foundation Inc?

Metropolitan Ministries Foundation Inc, based in Tampa, Florida, serves as a supporting organization for Metropolitan Ministries, a non-profit corporation. Its primary role is to manage and invest endowed and quasi-endowed funds, aiming to generate annual support for Metropolitan Ministries' mission. The foundation has an independent investment committee that strategically oversees investments to ensure a reliable income source for Metropolitan Ministries. Staff members collaborate with supporters to secure planned and directed gifts for the foundation's benefit. Each year, the foundation's board determines the distribution of funds to Metropolitan Ministries. In the forecasted calendar year 2023, the foundation is projected to provide approximately 5% of its funds, or roughly $1 million, to Metropolitan Ministries. In essence, Metropolitan Ministries Foundation Inc plays a crucial role in providing sustainable financial support for Metropolitan Ministries' mission.


Official website here: www.metromin.org

Is Metropolitan Ministries Foundation Inc legitimate?

Metropolitan Ministries Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Ministries Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $45,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.metromin.org

What is the mission statement of Metropolitan Ministries Foundation Inc?

The Metropolitan Ministries Foundation Inc's mission is centered around supporting Metropolitan Ministries, a non-profit organization. The foundation's primary objective is to achieve sustainable financial support for Metropolitan Ministries' mission. To achieve this, the foundation manages various endowed and quasi-endowed funds, which it invests to grow over time. The income generated from these investments provides annual support for Metropolitan Ministries' operations. The foundation has an independent investment committee that oversees investment strategies. The foundation staff works with supporters to secure planned and directed gifts for its benefit. The board of the foundation meets annually to determine the distribution of funds to Metropolitan Ministries. It is projected to grant approximately 5% or around $1 million in calendar year 2023.


Official website here: www.metromin.org

Who is the CEO of Metropolitan Ministries Foundation Inc?

Morris E Hintzman is the Cfo of Metropolitan Ministries Foundation Inc.


Official website here: www.metromin.org

What is the revenue of Metropolitan Ministries Foundation Inc?

Metropolitan Ministries Foundation Inc's revenue in 2022 was $11,794,352.


Official website here: www.metromin.org

Who are the executives of Metropolitan Ministries Foundation Inc and what are their salaries?


Here are 8 key members and their salaries:


Stacy Wagner (Cfo)
  • Compensation: $0
  • Related: $33,910
  • Other: $741
Dr Martin Silbiger (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Basham (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Redmond (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morris E Hintzman (President)
  • Compensation: $0
  • Related: $109,437
  • Other: $54,929
Preston Farrior (Mm Board Liaison)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Coughlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Fowler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.metromin.org

Where can I find the form 990 for Metropolitan Ministries Foundation Inc?

Metropolitan Ministries Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.metromin.org

Learn more at the official website: www.metromin.org

Mission Statement of Metropolitan Ministries Foundation Inc

Metropolitan Ministries Foundation Inc, as a supporting organization for Metropolitan Ministries, Inc., has a mission to provide sustainable financial support for the latter's mission. The foundation achieves this by managing various endowed and quasi-endowed funds that grow over time, providing a reliable source of income annually. The Metropolitan Ministries Foundation Inc's Investment Committee oversees these investment strategies, ensuring a consistent income stream for Metropolitan Ministries, Inc.

To accomplish its mission, the foundation relies on supporters to secure planned and directed gifts. These contributions are essential to boosting the foundation's resources, enabling it to make substantial annual contributions to Metropolitan Ministries, Inc. The Board of the Metropolitan Ministries Foundation Inc meets annually to decide on the distribution of funds to Metropolitan Ministries, Inc. In 2023, it is projected to grant around 5% of its total funds, approximately $1 million, to Metropolitan Ministries, Inc.

In summary, the Metropolitan Ministries Foundation Inc's mission is to serve as a financial backbone for Metropolitan Ministries, Inc., ensuring its long-term sustainability. The foundation achieves this by investing and growing its funds, securing financial support through donors, and distributing funds annually to further Metropolitan Ministries, Inc.'s mission.

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Impact




October, 2024

Metropolitan Ministries Foundation Inc plays a crucial role in enhancing the sustainability and reach of Metropolitan Ministries, Inc. by managing and investing various endowed and quasi-endowed funds. Through careful oversight by an independent investment committee, the foundation ensures that these investments grow over time, providing a reliable source of income that directly supports the mission of Metropolitan Ministries.

The foundation actively collaborates with supporters to secure both planned and direct gifts, which are essential for maintaining ongoing operations and expanding services. In 2023, it is anticipated that the foundation will distribute approximately $1 million, representing about 5% of its assets, to benefit the overarching goals of Metropolitan Ministries.

By fostering financial stability and encouraging community involvement, Metropolitan Ministries Foundation Inc significantly contributes to enhancing human services, ensuring that the vital work of Metropolitan Ministries can continue to support those in need in the Tampa area and beyond. The foundational support not only aids immediate efforts but also builds a framework for sustainable growth and impact in the future.




This information is meant to be a general summary of Metropolitan Ministries Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,794,352 (2022)
20112013201420152016201720182019202020212022$0$3M$6M$9M$12M
Expenses
$177,845 (2022)
20112013201420152016201720182019202020212022$0$95,000$190k$285k$380k
Efficiency
201120132014201520162017201820192020202120220%200%400%600%801%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $116,178
  • Gross Receipts: $11,794,352

Assets and Liabilities:

  • Total Assets: $17,572,186
  • Total Liabilities: $6,007,152
  • Net Assets: $11,565,034

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Organization Details

Founding Year

2003

Principal Officer

Morris E Hintzman

Main Address

2002 NORTH FLORIDA AVENUE, TAMPA, FL, 33602

NTEE Category

Code: P11 - Human services

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