2019-01-14T12:39:28-06:00 2018-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 2501 ATRIUM DRIVE SUITE 500 RALEIGH NC 27607 990 2017-07-01 562259577 METHODIST HOME FOR CHILDREN FOUNDATION METH 9198332834 1041 WASHINGTON STREET RALEIGH NC 27605 PETER M WILLIAMS CFO 9198332834 2019-01-08 1 GWEN L VASS CPA P00297447 9197823444 2019-01-08 X 64.88.174.3 2019-01-08 14:31:34 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0C8FED297DEC412F71FF1762E45932277A2AA167 2017 2019-02-21 02:37:17Z PETER M WILLIAMS 1041 WASHINGTON STREET RALEIGH NC 27605 5819416 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 332250 56706 0 0 575584 2461349 0 0 907834 2518055 0 0 0 0 0 0 0 0 0 1140077 3395996 1140077 3395996 -232243 -877941 22060770 20337842 14590 19816 22046180 20318026 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 3296396 SUPPORT OF METHODIST HOME OPERATIONS 3296396 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 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 132695 42645 REV JOE MANN CHAIR 1.00 X X 0 0 0 MARTHA WALSTON VICE CHAIR 1.00 X X 0 0 0 CHRIS MCCLURE VICE CHAIR 1.00 X X 0 0 0 RICHARD ROEDER TREASURER 1.00 X X 0 0 0 NELLE SCHANTZ SECRETARY 1.00 X X 0 0 0 RICHARD MORRISON MEMBER AT LARGE 1.00 X X 0 0 0 RICK WOODS MEMBER AT LARGE 1.00 X 0 0 0 PETER WILLIAMS CFO 1.00 50.00 X 0 98317 26931 0 231012 69576 0 0 1 0 0 56706 56706 375525 375525 5387185 3301361 2085824 2085824 2085824 2518055 0 0 2461349 99600 99600 TRANSFERS TO METHODIST 3296396 3296396 3395996 3296396 99600 0 18754 23945 21215564 19481016 826452 832881 22060770 20337842 14590 19816 14590 19816 X 18660864 16703111 2072862 2292576 1312454 1322339 22046180 20318026 22060770 20337842 X -877941 -856642 6429 X 0 1 X 1 0 X X 1 METHODIST HOME FOR CHILDREN INC 560547482 7 1 3296396 0 1 3296396 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 22042016 56706 1533036 3317861 20313897 20366300 332250 2358105 1014639 22042016 21533433 520460 -822174 865419 20366300 21755735 56050 688515 966867 21533433 19368152 62846 3286385 961648 21755735 0.82000 0.07000 0.11000 0 0 0 INVESTMENTS 19481016 F 19481016 DUE TO METHODIST HOME 19816 19816 X 18823966 -856642 1898 17260255 16405511 2418455 99600 99600 2518055 17970960 1898 17969062 17970960 0 99600 3296396 3395996 3395996 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 HOME, AND HAS CONCLUDED THAT AS OF JUNE 30, 2018, 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 HOME 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 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME REPORTED ON METHODIST HOME FOR CHILDREN 990 20,439,979. FUNDRAISING INCOME REPORTED ON METHODIST HOME FOR CHILDREN 990 93,922. UNREALIZED GAIN/LOSS REPORTED ON METHODIST HOME FOR CHILDREN 990 -486. INCOME ADJ ON METHODIST HOME FOR CHILDREN 990- RENTAL EXPENSES 16,807. CHANGE IN BENEFICIAL INTEREST IN TRUST 6,429. INCOME ADJ ON METHODIST HOME FOR CHILDREN 990-TRANSFERS FROM FDN -3,296,396. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON METHODIST HOME FOR CHILDREN 990 17,858,333. EXPENSE ADJ ON METHODIST HOME FOR CHILDREN 990- RENTAL EXPENSES 16,807. FUNDRAISING INCOME REPORTED ON METHODIST HOME FOR CHILDREN 990 93,922. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO METHODIST HOME FOR CHILDREN 3,296,396. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 REV BRUCE STANLEY PRESIDENT/CEO 0 132695 0 0 0 0 0 22424 0 20221 0 175340 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 BEFORE THE 990 IS FILED. 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 METHODIST HOME FOR CHILDREN, INC. WHICH IS A RELATED ORGANIZATION. THE EXECUTIVE COMMITTEE OF 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 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: INCREASE IN BENEFICIAL INTEREST 6,429. MHC REAL ESTATE LLC 1041 WASHINGTON STREET RALEIGH NC 27605 471540010 REAL ESTATE HOLDING NC 16200 327776 METHODIST HOME FOR CHILDREN INC 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 METHODIST HOME FOR CHILDREN INC R 3701393 FMV METHODIST HOME FOR CHILDREN INC S 59706 FMV