Overview
What is Kansas Methodist Foundation Inc?
Kansas Methodist Foundation Inc, based in Hutchinson, Kansas, serves as a trusted intermediary for investment and distribution of funds derived from Methodist churches and institutions associated with the Methodist movement in both Kansas and Nebraska. The primary objective of this nonprofit organization is to manage and administer these funds for charitable, religious, and educational purposes, thereby supporting and advancing the programs and missions of the United Methodist Church and related organizations. In addition, the foundation accepts donations that benefit other qualified, tax-exempt organizations. With a team of four dedicated individuals, Kansas Methodist Foundation Inc plays a significant role in maintaining and expanding the impact of these faith-based initiatives within its community.
Official website here: www.kansasmethodistfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%
Kansas Methodist Foundation Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid score of 82% for its Accountability & Finance practices. This rating is noteworthy as it emphasizes the organization's financial health and transparency, with all aspects of the score derived from a single beacon focused on these areas.
The foundation demonstrates strong governance with an entirely independent board, achieving full marks for both the majority of independent board members and the size of the independent board. Additionally, it has robust financial oversight mechanisms in place, including an audit and oversight committee. The organization also adheres to best practices regarding conflict of interest, whistleblower policies, and document retention, indicating a commitment to accountability.
However, the organization has room for improvement in its liabilities to assets ratio, scoring only 1 out of 15 points in that area, which could be a concern for potential donors regarding financial stability. Despite this, the high program expense ratio of 86.29% suggests that most funds are directed toward its mission rather than administrative expenses, reinforcing the foundation's operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kansas Methodist Foundation Inc legitimate?
Kansas Methodist Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kansas 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: $285,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,221
For more financial information, click here
Official website here: www.kansasmethodistfoundation.org
What is the mission statement of Kansas Methodist Foundation Inc?
The Kansas Methodist Foundation Inc's mission is centered around receiving donations, bequests, and gifts, which are then invested and managed to support charitable, religious, and educational initiatives. The primary objective is to uphold and expand the programs and objectives of the United Methodist Church and affiliated institutions related to the Methodist movement. Additionally, the foundation accepts gifts that contribute to the welfare of various other not-for-profit, tax-exempt organizations. In essence, the foundation serves as a trustee for these funds, ensuring they are utilized effectively for the betterment of the specified causes.
Official website here: www.kansasmethodistfoundation.org
Who is the CEO of Kansas Methodist Foundation Inc?
Rev Dr Dustin Petz is the Trustee of Kansas Methodist Foundation Inc.
Official website here: www.kansasmethodistfoundation.org
What is the revenue of Kansas Methodist Foundation Inc?
Kansas Methodist Foundation Inc's revenue in 2022 was $1,608,797.
Official website here: www.kansasmethodistfoundation.org
Who are the executives of Kansas Methodist Foundation Inc and what are their salaries?
The average compensation at Kansas Methodist Foundation Inc during 2022 was $80,945. There are 4 employees at Kansas Methodist Foundation Inc.
Here are 23 key members and their salaries:
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- Other: $14,024
Official website here: www.kansasmethodistfoundation.org
Where can I find the form 990 for Kansas Methodist Foundation Inc?
Kansas Methodist Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kansasmethodistfoundation.org
Learn more at the official website: www.kansasmethodistfoundation.org
Mission Statement of Kansas Methodist Foundation Inc
Kansas Methodist Foundation Inc's mission revolves around receiving gifts, bequests, and donations. These funds are held in trust, then invested and administered for charitable, religious, and educational purposes. The primary goal is to support and advance the programs and missions of the United Methodist Church and churches connected to the Methodist movement. Furthermore, the foundation accepts gifts that provide benefits to other not-for-profit, tax-exempt organizations. In essence, Kansas Methodist Foundation Inc serves as a trust for investments and distributions aimed at enhancing various charitable and religious initiatives.
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Impact
July, 2024
Kansas Methodist Foundation Inc plays a significant role in receiving gifts, bequests, and donations to be held in trust for charitable, religious, and educational purposes. These funds are invested and administered to maintain and further the programs and missions of the United Methodist Church and churches related to the Methodist movement. Additionally, the foundation accepts gifts that benefit other not-for-profit, tax-exempt organizations. Its focus on investment administration and distribution of funds from Methodist churches and institutions within Kansas and Nebraska highlights its commitment to supporting the Methodist community.
This information is meant to be a general summary of Kansas 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: $584,503
- Program Service Revenue: $275,292
- Gross Receipts: $7,554,390
Assets and Liabilities:
- Total Assets: $68,866,637
- Total Liabilities: $48,028,467
- Net Assets: $20,838,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$264,426
CHURCH LOAN INTEREST
Revenue
$7,294
MISCELLANEOUS
Revenue
$3,572
Organization Details
Founding Year
1964
Phone
(620) 664-9623Principal Officer
Rev Dr Dustin Petz
Main Address
100 EAST FIRST AVENUE PO BOX 605, HUTCHINSON, KS, 675040605
NTEE Category
Code: X21 - Religion related
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