Overview
What is The Methodist Foundation Of Ohio Incorporated?
The Methodist Foundation of Ohio Incorporated is a nonprofit organization situated in North Canton, Ohio, specifically at 8800 Cleveland Avenue NW. Its primary mission is to aid and support the East Ohio Annual Conference, its affiliated churches, and those with Wesleyan roots. This is accomplished through various means, including offering scholarships and financial assistance for special mission projects. One significant initiative is the Firebrand scholarship, which not only covers tuition but also retires undergraduate debt for young clergy. The Foundation also conducts educational events for young clergy, offering them professional development opportunities during a crucial stage of their careers. Additionally, the organization supports feeding and hunger programs, grants scholarships to United Methodist students, and engages in other mission projects aimed at strengthening local churches' outreach to their communities. Lastly, the Foundation provides leadership education, stewardship, and Christian philanthropy assistance, emphasizing planned giving. With a team of three dedicated individuals, the Methodist Foundation of Ohio Incorporated is committed to serving and uplifting its community.
Official website here: www.methodistinvesting.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Methodist Foundation of Ohio has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health. The overall score of 50% is derived entirely from an Accountability & Finance score, which reflects the organization's performance in managing its resources and financial transparency. While the foundation demonstrates strengths in governance with a majority of independent board members and robust policies for conflict of interest and whistleblowing, other financial metrics raise red flags.
Specifically, the foundation scored poorly in areas such as its liabilities to assets ratio, where it received zero points due to a high ratio of 91.95%. This suggests a troubling financial situation, indicating that a large portion of its assets are tied up in liabilities. Additionally, the program expense ratio of 49.23% reflects concerns about how much of its funding is actually directed towards program services versus administrative costs.
Overall, while The Methodist Foundation of Ohio has a strong governance structure and adheres to accountability policies, its financial health appears to be a significant limitation. Potential donors may wish to consider these financial indicators carefully before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Methodist Foundation Of Ohio Incorporated legitimate?
The Methodist Foundation Of Ohio Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Methodist Foundation Of Ohio Incorporated 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: $142,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,224
For more financial information, click here
Official website here: www.methodistinvesting.org
What is the mission statement of The Methodist Foundation Of Ohio Incorporated?
The Methodist Foundation of Ohio Incorporated is committed to serving and supporting the East Ohio Annual Conference and other Wesleyan-based churches, their individual members, congregations, and other related entities. This is achieved by providing scholarships and grants for special mission projects, as well as managing long-term investments for unique missions. Additionally, the foundation offers leadership education and technical assistance in planned giving, stewardship, and Christian philanthropy. The organization's initiatives include supporting young clergy through scholarships and training events, as well as funding feeding and hunger programs, undergraduate scholarships, and other mission projects to strengthen local churches' community outreach.
Official website here: www.methodistinvesting.org
What is the revenue of The Methodist Foundation Of Ohio Incorporated?
The Methodist Foundation Of Ohio Incorporated's revenue in 2023 was $471,109.
Official website here: www.methodistinvesting.org
Who are the executives of The Methodist Foundation Of Ohio Incorporated and what are their salaries?
The average compensation at The Methodist Foundation Of Ohio Incorporated during 2023 was $81,305. There are 3 employees and 17 volunteers at The Methodist Foundation Of Ohio Incorporated.
Here are 18 key members and their salaries:
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Official website here: www.methodistinvesting.org
Where can I find the form 990 for The Methodist Foundation Of Ohio Incorporated?
The Methodist Foundation Of Ohio Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.methodistinvesting.org
Learn more at the official website: www.methodistinvesting.org
Mission Statement of The Methodist Foundation Of Ohio Incorporated
The Methodist Foundation of Ohio, as a dedicated organization, is committed to serving and supporting the East Ohio Annual Conference and other Wesleyan-rooted churches. Its mission is twofold. Firstly, it provides financial aid and scholarships to special mission projects, thereby contributing to the growth and development of these institutions. Secondly, the foundation offers leadership education and technical assistance in the areas of planned giving, stewardship, and Christian philanthropy, fostering a culture of responsible giving and financial management within the Wesleyan community.
More specifically, The Methodist Foundation of Ohio demonstrates its support through various initiatives. For instance, it offers the Firebrand scholarship, a program that not only covers the full tuition cost for future pastors but also helps alleviate their undergraduate debt. This comprehensive support is instrumental in enabling young clergy to focus on their studies and future ministries. Moreover, the foundation hosts young clergy training events, providing top-level professional education to pastors aged 35 or younger during a critical stage in their careers.
In addition to these initiatives, The Methodist Foundation of Ohio supports various mission projects aimed at strengthening local churches' outreach within their communities. This includes funding feeding and hunger programs, as well as offering undergraduate scholarships to United Methodist students. By providing such assistance, the foundation plays a significant role in fostering the growth and impact of Wesleyan churches and their missions.
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Impact
July, 2024
The Methodist Foundation Of Ohio Incorporated has a significant impact by serving and supporting the East Ohio Annual Conference and other Wesleyan-based churches. Through providing scholarships and grants for special mission projects, the Foundation contributes to the development and growth of individual members, congregations, and other entities within the Wesleyan community. Their investment management services help in securing long-term financial stability for these organizations. Additionally, the Foundation supports young clergy through initiatives like the Firebrand scholarship and professional training events, ensuring a strong future leadership within the conference. By also backing feeding/hunger programs, undergraduate scholarships for United Methodist students, and various mission projects, the Foundation strengthens the outreach of local churches to their communities.
This information is meant to be a general summary of The Methodist Foundation Of Ohio Incorporated. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $85,056
- Program Service Revenue: $365,837
- Gross Receipts: $471,109
Assets and Liabilities:
- Total Assets: $45,395,775
- Total Liabilities: $41,742,729
- Net Assets: $3,653,046
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Foundation Fees
Revenue
$365,837
Organization Details
Founding Year
1967
Principal Officer
Brian Sheetz
Website
www.methodistinvesting.orgNTEE Category
Code: T30 - Philanthropy
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