2021-01-22T07:36:53-06:00 2020-06-30 561031342 Williams Overman Pierce LLP 2501 Atrium Drive Suite 500 Raleigh NC 27607 990 2019-07-01 562259577 Methodist Home for Children Foundation METH 9198332834 1041 Washington Street Raleigh NC 27605 PETER M WILLIAMS CFO 9198332834 2021-01-21 1 MaryEllen Prance CPA P01662078 9197823444 2021-01-21 X 2019 2022-09-23 18:48:47Z Peter M Williams 1041 Washington Street Raleigh NC 27605 1364455 0 X WWW.MHFC.ORG X 2001 NC To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. By carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc. 8 7 0 0 0 0 99268 74497 0 0 1153820 499901 0 0 1253088 574398 0 0 0 0 0 0 0 0 0 1082433 464695 1082433 464695 170655 109703 20262874 20599751 29601 17148 20233273 20582603 To serve exclusively as a supporting organization for the benefit of The Methodist Home for Children, Inc. By carrying out charitable and educational purposes that are consistent with and that support the purposes of The Methodist Home for Children, Inc. 0 0 382018 Support of Methodist Home operations 382018 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Peter M Williams 9198332834 1041 Washington Street Raleigh NC 27605 Rev Bruce Stanley President/CEO 1.00 50.00 X X 0 137127 47906 Rick Woods Chair 1.00 1.00 X X 0 0 0 Chris McClure Vice Chair 1.00 1.00 X X 0 0 0 Albert Blackmon Vice Chair 1.00 1.00 X X 0 0 0 Richard Roeder Treasurer 1.00 1.00 X X 0 0 0 Jessica Vickers Secretary 1.00 1.00 X X 0 0 0 Erik Ross Member at Large 1.00 1.00 X X 0 0 0 Paul Thomas Member at Large 1.00 1.00 X X 0 0 0 Peter M Williams CFO 1.00 50.00 X 0 106976 33552 0 244103 81458 0 0 1 0 0 74497 74497 311995 311995 977963 790057 187906 187906 187906 574398 0 0 499901 82677 82677 Transfers to Methodist 382018 382018 464695 382018 82677 0 28968 16514 19406673 19768480 827233 814757 20262874 20599751 4763 4763 24838 12385 29601 17148 X 16567913 16996943 3665360 3585660 20233273 20582603 20262874 20599751 X 109703 252103 -12476 X 0 1 X 1 0 X X 1 The Methodist Home for Children Inc 560547482 7 1 382018 0 1 382018 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20233906 74497 1252797 979586 20581614 20313897 99268 827400 1006659 20233906 22042016 56706 1533036 3317861 20313897 20366300 332250 2358105 1014639 22042016 21533433 520460 -822174 865419 20366300 0.82580 0.06350 0.11070 0 0 0 Investments 19768480 F 19768480 Due to Methodist Home 12385 12385 X 19630403 252103 18886579 19138682 491721 82677 82677 574398 20034471 20034471 20034471 0 82677 382018 464695 464695 Part V, Line 4: Endowment funds are used for scholarships, children's literature, buildings and grounds maintenance as well as for general operations. Part X, Line 2: Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2020, there were no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for tax years prior to 2016. Part XI, Line 2d - Other Adjustments: Income adj on Methodist Home for Children 990-transfers from FDN -382,018. Change in Beneficial Interest in Trust -12,476. Income adj on Methodist Home for Children 990-rental expenses 23,144. Fundraising expenses netted with revenues on Methodist Home for Children 990 229,476. Revenue reported on Methodist Home for Children 990 19,028,453. Part XII, Line 2d - Other Adjustments: Expenses reported on Methodist Home for Children 990 19,781,851. Fundraising expenses netted with revenues on Methodist Home for Children 990 229,476. Income adj on Methodist Home for Children 990-rental expenses 23,144. Part XII, Line 4b - Other Adjustments: Transfers to Methodist Home for Children 382,018. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Rev Bruce Stanley President/CEO 0 137127 0 0 0 0 0 27826 0 20080 0 185033 0 0 Form 990, Part VI, Section B, line 11b Both the CFO and the Controller individually review each page of the 990 for accuracy and make notes for any items in question. The CFO and Controller then meet together to review these notes and make any necessary changes. The 990 is then emailed to all board members for any comments or questions prior to filing. Form 990, Part VI, Section B, line 12c The organization trains board members regarding this policy during annual board orientations, and trains all new supervisors on the conflict of interest policy during supervision and management workshops. Additionally, each year, the agency signs a conflict of interest policy with the state of North Carolina. Management reviews contracts for conflicts of interest as contracts are negotiated and signed. Form 990, Part VI, Section B, line 15 Compensation is paid through The Methodist Home for Children, Inc. which is a related organization. The executive committee of The Methodist Home for Children, Inc. meets with the Board President to review his salary using a Benchmarks salary survey to determine the appropriateness of his salary. The Board President of The Methodist Home for Children, Inc. reviews the salaries of those who report to him and uses the same survey to determine the appropriateness of those salaries. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the Organization. Form 990, Part XI, line 9: Decrease in Beneficial Interest -12,476. The Methodist Home For Children Inc 1041 Washington Street Raleigh NC 27605 560547482 Children and Family Services NC 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 The Methodist Home for Children Inc R 1450490 FMV The Methodist Home for Children Inc S 670442 FMV