Overview
What is Missouri United Methodist Foundation Inc?
Missouri United Methodist Foundation Inc is a charitable organization, primarily serving the United Methodist Church in Missouri and beyond. Their mission revolves around managing funds, tools, and education for planned giving to fortify and empower the United Methodist ministry within Missouri. The foundation provides financial aid and education to clergy, administers grant and scholarship programs for United Methodist churches and students, and offers stewardship and planned giving guidance to individuals and churches. Additionally, they facilitate gifts of stock and create gift annuities and other planned gifts. As an agency investor, they manage and invest custodial funds and net asset funds, administer trusts and annuities, and distribute funds for charitable, religious, and educational purposes. The foundation hosts educational workshops and offers stewardship counsel for local church leaders, providing printed materials in bulk quantities for local churches free of charge.
Official website here: www.mumf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 76%, Three-Star out of Four Star rating.
Missouri United Methodist Foundation Inc has received a 76% rating from Charity Navigator, reflecting a strong performance in Accountability & Finance. The organization boasts a fully independent board and a solid program expense ratio of 83.47%, indicating a commitment to channeling funds towards its mission effectively. Additionally, there are no reported issues regarding material diversion of assets, which signifies reliability in financial management.
However, the foundation has some areas for improvement, particularly in governance practices. While it has strong policies in place, it lacks a whistleblower protection policy and a document retention and destruction policy, both of which are important for transparency and accountability. Additionally, the nonprofit's tax form is not posted on its website, which could hinder public access to important financial information.
Overall, the Missouri United Methodist Foundation Inc demonstrates a commendable commitment to its financial responsibilities, yet it should address the noted governance shortcomings to enhance its overall transparency and build greater trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Missouri United Methodist Foundation Inc legitimate?
Missouri United Methodist Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missouri United Methodist 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: $362,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $350,004
For more financial information, click here
Official website here: www.mumf.org
What is the mission statement of Missouri United Methodist Foundation Inc?
The Missouri United Methodist Foundation Inc, as a charitable organization, is dedicated to providing financial education and aid to clergy, offering grants and scholarships to United Methodist churches and students, and offering stewardship and planned giving education to individuals and churches. Their mission is to establish, grow, and manage funds, tools, and education for planned giving to strengthen and enable United Methodist ministry. The organization administers a ministry grant program and undergraduate scholarship programs, provides educational workshops, and offers stewardship counsel for local church leaders. The Foundation also assists individuals in making gifts of stock and creating gift annuities and other planned gifts, serving as an agency investor for local churches and other UM-related charitable entities. They oversee the Clergy and Church Financial Ministry (C2FM) which provides education, coaching, and direct financial aid to pastors.
Official website here: www.mumf.org
Who is the CEO of Missouri United Methodist Foundation Inc?
David P Atkins is the Trustee of Missouri United Methodist Foundation Inc. The CEO's salary of Missouri United Methodist Foundation Inc is $162,450 and their total compensation is $209,759.
Official website here: www.mumf.org
What is the revenue of Missouri United Methodist Foundation Inc?
Missouri United Methodist Foundation Inc's revenue in 2022 was $3,234,925.
Official website here: www.mumf.org
Who are the executives of Missouri United Methodist Foundation Inc and what are their salaries?
The average compensation at Missouri United Methodist Foundation Inc during 2022 was $79,212. There are 9 employees and 23 volunteers at Missouri United Methodist Foundation Inc.
Here are 25 key members and their salaries (Missouri United Methodist Foundation Inc's CEO's salary is $162,450 and their total compensation is $209,759):
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- Compensation: $162,450
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- Other: $47,309
- Compensation: $107,000
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- Other: $26,480
Official website here: www.mumf.org
Where can I find the form 990 for Missouri United Methodist Foundation Inc?
Missouri United Methodist Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mumf.org
Learn more at the official website: www.mumf.org
Mission Statement of Missouri United Methodist Foundation Inc
The Missouri United Methodist Foundation, Inc. is dedicated to establishing, growing, and administering funds, tools, and education for planned giving to strengthen and enable United Methodist ministry in Missouri. This mission-driven organization aims to support the financial education and aid of clergy, grant and scholarship programs for United Methodist churches and students, and stewardship and planned giving education for individuals and churches. By soliciting and receiving gifts, managing and investing custodial funds and net asset funds, administering trusts and annuities, and distributing funds for charitable, religious, and educational purposes, the Missouri United Methodist Foundation plays a crucial role in the United Methodist Church both in Missouri and beyond. The organization's mission is to provide the necessary financial resources and education to empower and strengthen the ministry within the United Methodist Church.
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Impact
July, 2024
Missouri United Methodist Foundation Inc's impact includes providing financial education and aid to clergy, grants and scholarships to United Methodist churches and students, stewardship and planned giving education to individuals and churches. They administer a ministry grant program and undergraduate scholarship programs, provide educational workshops and stewardship counsel for local church leaders, and offer printed materials for local churches free of charge. Additionally, they assist individual donors in making various types of gifts and serve as an agency investor for local churches and other UM-related charitable entities. Through their programs like the Clergy and Church Financial Ministry (C2FM), they provide education, coaching, and direct financial aid to pastors, ultimately strengthening and enabling United Methodist ministry in Missouri.
This information is meant to be a general summary of Missouri United Methodist 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,742,306
- Program Service Revenue: $479,120
- Gross Receipts: $21,799,583
Assets and Liabilities:
- Total Assets: $107,281,019
- Total Liabilities: $71,437,851
- Net Assets: $35,843,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE MANAGEMENT FEES
Revenue
$479,120
Organization Details
Founding Year
1967
Phone
(573) 875-4168Principal Officer
David P Atkins
Main Address
PO BOX 1076, COLUMBIA, MO, 65202
Website
www.mumf.orgNTEE Category
Code: X22 - Religion related
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