2011-11-29T11:51:23-06:00 2011-06-30 WILLIAMS OVERMAN PIERCE LLP PO BOX 31823 RALEIGH NC 276221823 990 2010-07-01 562259577 METHODIST HOME FOR CHILDREN FOUNDATION METH 9198332834 1041 WASHINGTON STREET RALEIGH NC 27605 JAMES T WILLIFORD 9198332834 2011-11-16 1 GWEN L VASS CPA 9197823444 2011-11-16 X 2010 2016-02-24 21:20:13Z JAMES WILLIFORD 1041 WASHINGTON STREET RALEIGH NC 27605 4913074 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. 7 6 0 0 0 0 201332 242766 0 0 111565 3160367 0 0 312897 3403133 0 0 0 0 0 0 0 0 0 401461 359771 401461 359771 -88564 3043362 17325103 20436539 6968 11521 17318135 20425018 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 359643 SUPPORT OF METHODIST HOME OPERATIONS 359643 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 X JAMES T WILLIFORD 9198332834 1041 WASHINGTON STREET RALEIGH NC 27605 JULIE HANS 1.00 X X 0 0 0 GREG CARR 1.00 X 0 0 0 CHRIS EVANS 1.00 X 0 0 0 DAVID K WITT 1.00 X 0 0 0 JAMES HEMBY JR 1.00 X 0 0 0 ERIK ROSS 1.00 X 0 0 0 ED TURLINGTON 1.00 X 0 0 0 BRIEN WHITE 1.00 X 0 0 0 BRUCE STANLEY 50.00 X 0 128750 14625 JAMES WILLIFORD 50.00 X 0 96481 12690 0 225231 27315 0 0 0 0 0 242766 242766 560015 560015 4110293 1509941 2600352 2600352 2600352 3403133 0 0 3160367 TRANSFERS TO METHODIST 359643 359643 CTAC FEES 128 128 359771 359643 128 0 5099 6736 17320004 20403313 0 26490 17325103 20436539 6968 11521 6968 11521 X 14927445 17626189 1836382 2240666 554308 558163 17318135 20425018 17325103 20436539 X 3043362 63521 X 0 1 1 X 0 X X X 0 0 0 METHODIST HOME FOR CHILDREN INC 560547482 7 1 1 1 359643 1 359643 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17320004 950054 3223761 1090506 20403313 15576639 201331 1937111 395077 17320004 19629005 311222 -3399735 963853 15576639 0.86000 0.03000 0.11000 0 0 0 INVESTMENTS 20403313 F 20403313 DUE TO METHODIST HOME FOR CHILDREN 11521 11521 3403133 359771 3043362 63521 63521 3106883 16196662 63521 12730136 12793657 3403005 128 128 3403133 13212146 13212146 13212146 0 128 359643 359771 359771 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE HOME, AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR AN ASSET) OR DISCLOSURE IN THE 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 YEARS PRIOR TO 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCOME REPORTED ON METHODIST HOME FOR CHILDREN 990 12,094,613. INCOME REPORTED ON GLENWOOD 635,523. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON METHODIST HOME FOR CHILDREN 990 13,071,518. EXPENSES REPORTED ON GLENWOOD 140,628. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO METHODIST HOME 359,643. FORM 990, PART VI, SECTION B, LINE 11 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 63,521. 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 GLENWOOD MHC INC 1041 WASHINGTON STREET RALEIGH NC 27605 263220150 REAL ESTATE INVESTMENT NC METHODIST HOME FOR CHILDREN INC C 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 METHODIST HOME FOR CHILDREN INC Q 359643 FMV