2022-11-12T05:46:37-05:00 2021-12-31 990 2021-01-01 710525462 THE METHODIST FOUNDATION FOR ARKANSAS % Rev J Wayne Clark METH 5016648632 601 WELLINGTON VILLAGE RD Little Rock AR 72211 Clarence Trice Senior Vice President and CFO 2022-11-12 false 2021 2022-09-23 18:48:47Z Rev J Wayne Clark 601 Wellington Village Rd LITTLE ROCK AR 722112294 9094238 false X methodistfoundationar.org X 1963 AR The mission of The Methodist Foundation for Arkansas is to create and administer permanent charitable endowments to strengthen and expand Methodist ministries in Arkansas. 18 18 11 0 0 0 1666356 3138717 1040941 1280888 15687689 1816714 0 0 18394986 6236319 1683675 1639992 0 0 984279 1015812 0 0 226579 392625 460557 3060579 3116361 15334407 3119958 215887227 242079411 110732863 125781466 105154364 116297945 The mission of The Methodist Foundation for Arkansas is to create and administer permanent charitable endowments to strengthen and expand Methodist ministries in Arkansas. false false 559575 559575 0 Provided funds to the Arkansas Conference of the United Methodist Church and various churches within the Conference for programs advancing the United Methodist Church and its ministries. 218250 218250 0 Provided funds to Methodist Family Health in support of its counseling services for Arkansas children and families. 164250 164250 0 Provided funds to Philander Smith College in support of its efforts to provide a quality education for all regardless of race religion sex national origin or ethnic background. 521917 521917 0 1463992 true true false false false true false false false true true false false false true true true false false false false false false false false false false true true true false false false false false false false false true false false false false false false false false true 7 0 true 11 true false false false false false false false 0 false false false false false false false false 18 18 false false false false false false false true true false false true true true true true true true true false X Clarence Trice 5016648632 601 Wellington Village Road Little Rock AR 72211 Rev Natasha MurrayNorman Board of directors 0.00 0.00 X 0 0 0 Gary Nutter Board of directors 0.00 0.00 X 0 0 0 Eddie Schieffler Board of directors 0.00 0.00 X 0 0 0 Steve Shults Board of directors 0.00 0.00 X 0 0 0 Dewitt Smith Board of directros 0.00 0.00 X 0 0 0 Eddie Walker Board of directors 0.00 0.00 X 0 0 0 Dr Calvin White Board of directors 0.00 0.00 X 0 0 0 Rev J Wayne Clark President and CEO 40.00 0.00 X X X 194000 0 35474 Clarence E Trice Sr Vice President and chief financial officer 40.00 0.00 X X X 150500 0 31916 Mable Donaldson Board of directors 0.00 0.00 X 0 0 0 Dr Debby Fiser Board of directors 0.00 0.00 X 0 0 0 Sam Gibson Board of directors - vice chairman 0.00 0.00 X X 0 0 0 Pam Harris Board of directorts 0.00 0.00 X 0 0 0 Rev Phil Hathcock Board of directors secretary 0.00 0.00 X X 0 0 0 Bill Kincaid Board of directors 0.00 0.00 X 0 0 0 Ginny Kurrus Board of directors - chairperson 0.00 0.00 X X 0 0 0 Becki Lusk Board of directors 0.00 0.00 X 0 0 0 Rev Andrea Cummings Board of directors 0.00 0.00 X 0 0 0 Bert Kell Board of directors 0.00 0.00 X 0 0 0 Jan Pugh Board of directors 0.00 0.00 X 0 0 0 344500 0 67390 2 false true false None 0 0 0 0 0 0 3138717 547794 3138717 Account service fees 813211 1280888 1280888 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1280888 667703 0 0 667703 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4006930 0 2857919 0 1149011 0 1149011 0 0 1149011 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6236319 1280888 0 1816714 1463992 1463992 176000 176000 0 0 0 0 344500 0 344500 0 0 0 0 0 443734 0 308502 135232 93800 0 67176 26624 78039 0 64640 13399 55739 0 46177 9562 0 0 0 0 9265 0 9265 0 14500 0 14500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 55063 0 27532 27531 38238 0 38238 0 28462 0 14231 14231 0 0 0 0 113733 0 113733 0 18887 0 18887 0 0 0 0 0 12193 0 12193 0 5851 0 5851 0 0 0 0 0 121817 0 121817 0 13053 0 13053 0 Dues 3009 0 3009 0 Postage 5322 0 5322 0 Newsletter 21164 0 21164 0 0 0 0 0 0 0 0 0 3116361 1639992 1249790 226579 0 0 0 0 0 0 6772126 11387165 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4001330 410761 3700878 3590569 205082101 226914738 332122 0 0 0 0 0 0 186939 215887227 242079411 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110732863 125781466 110732863 125781466 X 5162777 6368705 99991587 109929240 105154364 116297945 215887227 242079411 3119958 8635832 0 0 0 -612209 X false true X true false X 4565508 605443 1051787 1666356 3138717 11027811 4565508 605443 1051787 1666356 3138717 11027811 4532283 6495528 2308212 2279439 2573556 676163 667703 8505073 0 0 0 0 0 0 855372 950883 978225 1040941 1280888 5106309 24639193 0.26 0.21 X Part II - Line 10 | Year:, Amount:, Description:| 2017, 855372.0000, Line 10 represents account service fees| 2018, 950883Line 10 represents account service fees| 2019, 978225Line 10 represents account service fees| 2020, 1040941Line 10 represents account service fees| 2021, 1280888Line 10 represents account service fees| Part II, line 17a The Methodist Foundation for Arkansas "The Foundation" normally receives substantial support from the general public and is organized and operated so as to attract new and additional public support on a continuous basis. The Foundation maintains continuous and bona fide programs for solicitation of funds from the general public and community. The Foundation serves Arkansas Methodist churches institutions and people. It was originally chartered in 1963. It is supervised by a board of directors with eighteen voting members. These eighteen members are community leaders from across the state of Arkansas. The Foundation currently serves as trustee or agent for over 600 endowments and trusts with assets of approximately $242 million. The Foundation's assets and income are used for a wide array of Methodist programs organizations and local churches. The Foundation seeks to assist individuals and local churches in creating and wisely managing permanent charitable funds that strengthen the ministries of the Methodist Church. The Foundation provides a method for faithful stewards to live out their discipleship in ways that extend beyond their own lifetime. The Foundation provides services to churches and institutions by managing investment funds creating and building permanent endowment funds developing planned giving and education resources and by providing management services. The Foundation also assists with many different kinds of gifts to enhance the ministry of Arkansas Methodist individuals churches and institutions. Donation of cash securities real estate or other property are accepted. Gifts can be made during lifetime through a trust or planned through a donor's last will and testament. The Foundation receives support from a large representative number of persons rather than receiving almost all of its support from members of a single family. A portion of the Foundation's support is investment income from its endowment and trust accounts which were originally established with contributions from the general public. The Foundation is organized and operated so as to attract new and additional public support on a continuous basis. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5 0 666770 0 203500 0 890308 0 true true Charitable gift annuity reserve 3550808 Agency obligations 122188310 Due to churches and institutions 42348 125781466 X 0 0 6236319 6236319 6236319 0 0 3116361 3116361 3116361 Part V, line 4 The intended uses of all Foundation endowment funds is to promote the ministries of the United Methodist Church within the state of Arkansas. Part X, line 2 "The Foundation evaluates all tax positions and believes that its tax provisions would be sustained upon examination." Part XI, line 4b The financial audit of the Foundation is limited in scope to its assets liabilities and net assets. Part XII, line 4b The financial audit of the Foundation is limited in scope to its assets liabilities and net assets. true Arkansas Conference UMC 800 Daisy Gatson Bates Dr Little Rock AR 72202 710554172 501(c)(3) 559575 0 Book None Religious Methodist Family Health 1600 Aldersgate Road Little Rock AR 72205 020701562 501(c)(3) 218250 0 Book None Religious Philander Smith College 900 Daisy Gatson Bates Dr Little Rock AR 72202 710239729 501(c)(3) 164250 0 Book None Religious Hendrix College 1600 Washington Ave Conway AR 72032 710236897 501(c)(3) 84800 0 Book None Religious Lydia Patterson Institute 517 S Florence St El Paso TX 79901 741142840 501(c)(3) 40000 0 Book None Religious Camp Aldersgate 2000 Aldersgate Little Rock AR 72205 710265209 501(c)(3) 35000 0 Book None Religious Micah 6 8 Initiative 306 NW LaSalle Dr Bentonville AR 72712 832172702 501(c)(3) 30000 0 Book None Religious Fort Smith Community Rescue Mission 310 North F Street Fort Smith AR 72901 710551270 501(c)(3) 25000 0 Book None Religious Manna Center 670 Heritage Court Siloam Springs AR 72761 710255826 501(c)(3) 25000 0 Book None Religious Ozark Mission Project P O Box 26525 Little Rock AR 72221 710763942 501(c)(3) 25000 0 Book None Religious Mission U 20 Oakwood Dr Vilonia AR 72173 263046006 501(c)(3) 20000 0 Book None Religious Canvas UMC 1111 West 7th Street Little Rock AR 72201 271116831 501(c)(3) 15500 0 Book None Religious Camp Tanako 4301 State Hwy 290 Hot Springs AR 71913 710286073 501(c)(3) 15000 0 Book None Religious Faith UMC 9820 West Markham Little Rock AR 72205 352225628 501(c)(3) 15000 0 Book None Religious Highland Valley UMC 15524 Chenal Parkway Little Rock AR 72211 710247690 501(c)(3) 14879 0 Book None Religious Arkansas PAUMCS 800 Daisy Gatson Bates Dr Little Rock AR 72202 844629613 501(c)(3) 13662 0 Book None Religious Kairos Prison Ministry P O Box 914 Benton AR 72018 591970458 501(c)(3) 13000 0 Book None Religious Lonoke FUMC 220 Center Street Lonoke AR 72086 710570989 501(c)(3) 13000 0 Book None Religious UMCOR 458 Ponce DeLeon Ave NE Atlanta GA 30308 841449602 501(c)(3) 10000 0 Book None Religious Mission U 800 Daisy Gatson Bates Dr Little Rock AR 72202 263046006 501(c)(3) 20000 0 Book None Religious Mt Eagle Retreat Center 935 Beal Road Clinton AR 72031 710717155 501(c)(3) 9693 0 Book None Religious River Valley Regional Food Bank P O Box 180070 Fort Smith AR 72918 710388927 501(c)(3) 9000 0 Book None Religious Arkansas Single Parent Scholarship 614 East Emma Ave Springdale AR 72764 710704088 501(c)(3) 8450 0 Book None Religious Arkansas Advocates for Youth and Families 1400 West Markham Little Rock AR 72201 710492205 501(c)(3) 8200 0 Book None Religious Little Rock Congregations Study (University of AR Little Rock) 2801 South University Little Rock AR 72204 716056774 501(c)(3) 8200 0 Book None Religious Well Fed Community Hunger Initiative 7111 Lucea Road Little Rock AR 72210 853767548 501(c)(3) 8000 0 Book None Religious Bella Vista UMC 20 Boyce Dr Bella Vista AR 72715 710649930 501(c)(3) 7500 0 Book None Religious 27 0 Seminary Scholarships 10 176000 0 Book 0 0 0 0 0 0 0 0 0 0 0 0 0 Part I Line 2 Grant proposals are submitted for review of the Foundation's grant administrator and grant committee. The committee meets monthly to consider proposals received. If approved recipient is required to issue a summary report detailing the results of the program for which the grant was directed. true X X X false false false false false false false false false Rev J Wayne Clark President and CEO 194000 0 0 0 0 0 23280 0 12194 0 229474 0 0 0 Clarence E Trice Sr Vice President and chief financial officer 150500 0 0 0 0 0 18060 0 13856 0 182416 0 0 0 X 1 495294 Fair market value X 1 52500 Fair market value 1 false true true FormAndLineReferenceDesc: Part I, line 32b Publicly traded securities received are liquidated by unrelated local investment brokers. Real estate received is listed and sold by unrelated local realtors. Part VI, Line 11b All schedules are prepared by the chief financial officer with assistance from accounting staff. Completed forms are reviewed by staff. Before filing the entire return is furnished to the board of directors for review. Part VI, Line 12c Annually each member of the Board of Directors is required to sign a statement that they are aware of the Foundation conflicts of interest policy and that they are in compliance with the policy. In the course of business throughout the year the Foundation's staff closely monitors activity for the existence of potential conflicts which may arise. Part VI, Line 15 Compensation amounts for the CEO and all key employees are determined after a survey of similar Foundations annual review of employees' performance and a review of the current year cost of living adjustments. This data is furnished to the Foundation's Human Resources Committee which makes salary recommendations for approval by the Board of Directors. Part VI, Line 19 During 2021 the Foundation did not receive a request to make its governing documents its conflicts of interest policy or its financial statements available to a member of the public. When future requests arise the Foundation will make every effort to comply with all reasonable requests. Part III, Line 4d | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Provided funds to United Methodist churches and institutions to enhance ministries of the United Methodist Church in Arkansas., $521917, $521917, $0| Part XI, Line 9 | Description:, Explanation:, Amount:| Reclassified net earnings and beneficiary distributions., Part XI line 9, $-612209| Part XII, Line 2b | Explanation:| The financial audit of the Foundation is limited in scope to its assets liabilities and net assets.