2024-05-02T14:49:25-05:00 2023-12-31 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2023-01-01 756042162 FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC FIRS 8176392367 640 TAYLOR STREET SUITE 2510 FORT WORTH TX 76102 ASHLEY W JOHNSON PRESIDENT 8176392367 2024-04-10 1 ASHLEY JOHNSON 999009999 1 JAMES FLATT P00444540 9724901970 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z SID JOHNSTON 640 TAYLOR STREET SUITE 2510 FORT WORTH TX 76102 13562407 0 X WWW.FMCFOUNDATION.ORG X 1964 TX TO PROVIDE FUNDS FOR FIRST UNITED METHODIST CHURCH OF FORT WORTH 19 19 2 22 0 0 539638 1667931 0 0 2352821 1944092 1056309 808710 3948768 4420733 2495790 2599932 0 0 384476 414488 0 0 0 597897 547457 3478163 3561877 470605 858856 79886646 92624444 404550 447502 79482096 92176942 X TO SOLICIT, RECEIVE, MAINTAIN AND PRESERVE (EITHER ABSOLUTELY OR IN TRUST) GIFTS AND BEQUESTS WHICH ARE INTENDED TO BENEFIT THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. TO SUPPORT, BENEFIT, BE RESPONSIVE TO THE NEEDS OF, ASSIST IN CARRYING OUT THE PURPOSES OF AND TO PROMOTE THE MINISTRIES, PROGRAMS AND ACTIVITIES OF THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. 0 0 2599932 2599932 321 SEE SCHEDULE O FOR NARRATIVE: 2599932 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SID JOHNSTON 8176392367 640 TAYLOR STREET SUITE 2510 FORT WORTH TX 76102 GREG ANDERSON DIRECTOR 0.30 X 0 0 0 LOU ANN BLAYLOCK DIRECTOR EMERITI 0.30 X 0 0 0 LEE BLOEMENDAL MD DIRECTOR EMERITI 0.30 X 0 0 0 VERNON BRYANT DIRECTOR EMERITI 0.30 X 0 0 0 R EARL COX III DIRECTOR EMERITI 0.30 X 0 0 0 RICHARD DEBERRY VICE PRESIDENT 1.00 X X 0 0 0 JOHN MADDUX DIRECTOR 0.30 X 0 0 0 MICHELLE HOLLOWAY DIRECTOR 0.30 X 0 0 0 KENNETH H JONES JR DIRECTOR EMERITI 0.30 X 0 0 0 DON L STEGALL DIRECTOR EMERITI 0.30 X 0 0 0 JOHN R THOMPSON JR DIRECTOR EMERITI 0.30 X 0 0 0 HENRY B PAUP DIRECTOR 0.30 X 0 0 0 ASHLEY JOHNSON PRESIDENT 2.00 X X 0 0 0 GREGORY W MONROE DIRECTOR 0.30 X 0 0 0 DAVID MOORE SECRETARY 0.30 X X 0 0 0 THOMAS C STURDIVANT DIRECTOR 0.30 X 0 0 0 JENNY HOLMANN DIRECTOR 0.30 X 0 0 0 ALICIA RATTIKIN LINDSEY DIRECTOR 0.30 X 0 0 0 MANDI NOSS DIRECTOR 0.30 X 0 0 0 SID JOHNSTON EXECUTIVE DIRECTOR 50.00 X 223138 0 52601 223138 0 52601 1 0 1 0 LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE STREET STE 1600 FORT WORTH TX 76102 PORTFOLIO MANAGEMENT SERVICES 342538 1 1667931 1667931 1707265 1707265 632073 632073 176316 0 176316 176316 176316 9378501 9141674 236827 236827 236827 MISC. REVENUE-RELATED-990 999999 321 321 321 4420733 321 0 2752481 2599932 2599932 337000 337000 26020 26020 32662 32662 18806 18806 33912 33912 350863 350863 873 873 7903 7903 56357 56357 33467 33467 15 15 8313 8313 26307 26307 AD VALOREM TAXES 16365 16365 O&G PROFESSIONAL EXPENS 7690 7690 DUES & SUBSCRIPTIONS 7293 7293 REFERENCE MATERIALS 518 518 -2419 -2419 3561877 2599932 961945 0 183905 59529 2566 2090 119898 125000 630 630 77685763 88539813 1893884 3897382 79886646 92624444 2466 5573 402084 441929 404550 447502 X 74834100 86861870 4647996 5315072 79482096 92176942 79886646 92624444 X 858856 9832491 2003499 X X 0 1 X 1 0 X X 1 FIRST UNITED METHODIST CHURCH OF FORT WORTH INC 750800645 1 1 2599932 0 1 2599932 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 2746918 2515975 2746918 2515975 0 0 27301 16365 360688 350863 2358929 2148747 82054496 82261646 59144 44968 952544 3431591 83066184 85738205 0 0 0 83066184 85738205 1245993 1286073 81820191 84452132 2863707 2955825 0 0 2863707 2955825 2358929 2005090 2863707 2863707 0 2863707 2599932 0 0 0 0 0 2599932 2599932 2863707 90.790000000000 2863707 0 0 0 0 1457361 2495790 3953151 0 2863707 0 1089444 2599932 0 2599932 0 0 3689376 0 0 0 1089444 2599932 SCHEDULE A, PART IV, SECTION D, LINE 3 THE INVESTMENT POLICIES OF THE FOUNDATION WERE CREATED AND ARE MAINTAINED BY THE FOUNDATION INVESTMENT COMMITTEE. THIS COMMITTEE INCLUDES DIRECTORS WHO HAVE COMMON MEMBERSHIP OF THE GOVERNING BODIES OF THE FOUNDATION AND CHURCH. CERTAIN FUNDS ARE GIVEN TO THE CHURCH WHEN THE CHURCH REQUESTS FUNDING, BUT MOST OF THE MAJOR DISTRIBUTIONS ARE GIVEN THROUGHOUT THE YEAR IN DESIGNATED QUARTERS OR MONTHS. THE CHURCH HAS THE SOLE DISCRETION AS TO THE USES OF THE FUNDING DISTRIBUTIONS FROM THE FOUNDATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 144769 1 1 0 402084 39845 441929 1 X 3278181 50000 477694 42735 3763140 4006048 -669776 58091 3278181 3306142 10200 752123 62417 4006048 2753671 2565 563431 13525 3306142 2155233 648343 49905 2753671 0.33824 0.66176 0 0 0 X 13902361 9832491 9832491 4069870 350863 350863 4420733 3211014 0 3211014 350863 350863 3561877 PART IV, LINE 2B: IN 2011, THE UNITED METHODIST WOMEN'S (UMW) FOUNDATION ESTABLISHED THE UMW ENDOWMENT. THE MONEY CONTRIBUTED TO THIS ENDOWMENT IS HELD IN TRUST BY THE FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION (THE FOUNDATION). THE FOUNDATION WILL INVEST THIS MONEY FOR THE BENEFIT OF THE UMW FOUNDATION. THE CORPUS SHALL BE PRESERVED AS A PERMANENT INVESTMENT FROM WHICH ONLY EARNINGS ARE SPENT. THIS MONEY IS CONSIDERED A LIABILITY ON THE BOOKS OF THE FOUNDATION BECAUSE THE FOUNDATION DOES NOT HAVE CONTROL OVER THE MONEY IN THE ENDOWMENT NOR THE EARNINGS OR DECISION MAKING. PART V, LINE 4: DONOR RESTRICTED ASSETS TO SUPPORT DONOR SPECIFIED PROGRAMS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING IN SECTION 509(A) OF THE CODE. THE FOUNDATION RECOGNIZES IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECT OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. AT DECEMBER 31, 2023 AND 2022, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 FIRST UNITED METHODIST CHURCH OF FORT WORTH INC 800 W 5TH ST FORT WORTH TX 76102 750800645 501(C)(3) 2599932 0 GENERAL FINANCIAL SUPPORT. X 0 0 0 0 0 0 0 0 0 SID JOHNSTON EXECUTIVE DIRECTOR 223138 0 0 0 0 0 32500 0 20101 0 275739 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE FORM 990 ARE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. AUTHORIZATION OF THE FILING OF FORM 990 WAS FORMALLY APPROVED BY THE BOARD OF DIRECTORS AT ITS QUARTERLY MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANY SERVICES THAT ARE PAID DIRECTLY TO A BOARD MEMBER MUST BE APPROVED BY THE BOARD; WHILE THE VOTE IS TAKEN, THE BOARD MEMBER MUST RECUSE THEMSELVES FROM THE MEETING AND VOTING PROCESS. ANY DELIBERATIONS ARE NOTED IN THE OFFICIAL BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 KEY PERSONNEL COMPENSATION IS DETERMINED THROUGH THE INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS USING COMPARATIVE DATA. CONTEMPORANEOUS SUBSTANTIATION IS PROVIDED THROUGH MINUTES OF THE BOARD AND EMPLOYMENT DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST EITHER WRITTEN OR IN PERSON. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT 1. 2023 UPDATED FMV FOR O&G MINERAL INTERESTS 2,003,498. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE TO THE SELECTION OR OVERSIGHT PROCESS DURING THE YEAR. FORM 990, PART III, LINE 4A THROUGH THE GENEROSITY OF MANY DEDICATED MEMBERS AND FRIENDS OF FIRST UNITED METHODIST CHURCH OF FORT WORTH, THE FIRST METHODIST CHURCH OF FORT WORTH FOUNDATION INC. CONTINUED ITS TRADITION OF BUILDING ITS ASSET BASE AND GENERATING INCOME FOR CHURCH USE. WE ARE CONTINUALLY THANKFUL FOR LEGACY DONATIONS THAT ALLOW DONORS TO MAKE A GIFT AND KNOW IT WILL CONTINUE TO SUPPORT OUR CHURCH IN PERPETUITY. THROUGH LEGACY GIVING, PEOPLE WHO LOVE OUR GREAT CHURCH CONTINUE GIVING BEYOND THEIR LIFETIMES. EACH DONOR'S PHILANTHROPY AND MEMORY LIVE FOREVER. IT'S ALMOST AS IF THEY CONTINUE TO WRITE A CHECK TO THE CHURCH EVERY YEAR BECAUSE THEIR ORIGINAL GIFT TO THE FOUNDATION IS STILL INTACT, PRODUCING ANNUAL INCOME FOR THE CHURCH. HAVING ANNUAL INCOME PRODUCED BY THE ENDOWMENT ASSURES GIFTS EXTEND THROUGH MULTIPLE GENERATIONS BECAUSE OF THE UNIQUE STRUCTURE OF THE FOUNDATION ENDOWMENT. THE FOUNDATION'S ENDOWMENT USES ONLY THE INTEREST AND INCOME GENERATED FROM ORIGINAL DONATIONS SUPPORTING THE CHURCH AND ITS ENTIRE COMMUNITY, NEVER TOUCHING THE ORIGINAL CONTRIBUTIONS THAT FORM THE CORPUS OF THE FUND. SINCE ITS BEGINNING IN 1964, THE FOUNDATION HAS RELEASED OVER $69.9 MILLION TO OUR CHURCH. WE STRIVE TO HAVE EVERYONE UNDERSTAND THE FOUNDATION'S VALUE IN ITS INTERRELATIONSHIP WITH THE CHURCH. THE FOUNDATION WORKS DILIGENTLY TO ASSURE THAT CONGREGANTS KNOW ABOUT HOW THE FOUNDATION OPERATES AND TAKE PRIDE IN ITS FUNCTION TO HELP THE CHURCH DO ITS INVALUABLE WORK. WE ARE THANKFUL FOR THE WISE DECISION OF PAST AND PRESENT BOARDS OF THE FOUNDATION AS THEY FULFILL THE DREAM OF OUR 1964 FOUNDERS. IN 2023, A TOTAL OF $2.599 MILLION IN FOUNDATION EARNINGS WERE RELEASED TO THE CHURCH FOR THEIR USE, DIRECTED TOWARDS ADDRESSING THE MOST PRESSING NEEDS. WITH THIS FINANCIAL SUPPORT, THE CHURCH EFFICIENTLY EXECUTED A RANGE OF MAINTENANCE AND IMPROVEMENT ENDEAVORS. AMONG THESE INITIATIVES WERE THE FULFILLMENT OF NEXT90 LOAN PAYMENTS, BOLSTERING THE CHURCH'S GENERAL BUDGET, UPGRADING THE IT SYSTEM, IMPLEMENTING A COMPREHENSIVE SECURITY PROJECT, ENHANCING THE AUDIO-VISUAL SYSTEMS IN THE SANCTUARY, RENOVATING THE MISSION BUILDING, UNDERTAKING A TOWER LIGHTING PROJECT, ACQUIRING DRAPES FOR WESLEY HALL, ENHANCING THE LANDSCAPING OF THE WEST LOT, UPGRADING THE LIBRARY FACILITIES, COVERING EXPENSES RELATED TO LIVE STREAMING, AND RENT FOR THE 11:11 WORSHIP SERVICES. AND THE FUNDS CONTRIBUTED TO SUPPORTING THE METHODIST JUSTICE MINISTRY, THE FIRST STREET MISSION, AND THE DEMENTIA FRIENDLY MINISTRIES. OUR GOAL IS TO ENSURE WE HAVE CLEAR, UNDERSTANDABLE, AND TRANSPARENT INFORMATION ABOUT FOUNDATION OPERATIONS, EFFORTS, AND RESULTS. WE SHARE FACTS AND FIGURES WITH INTERESTED PARTIES THROUGH PRINT COLLATERAL MATERIALS, GUEST LECTURES FOR SUNDAY SCHOOL CLASSES, SOCIAL MEDIA POSTS, AND OUR WEBSITE: HTTP://WWW.FMCFOUNDATION.ORG. THE FOUNDATION'S ENDOWMENT CONTINUES TO BE A TIMELESS, ENDURING RESOURCE FOR THE FIRST UNITED METHODIST CHURCH OF FORT WORTH. WE HOPE TO INSPIRE OUR FUMCFW FAMILY TO BECOME EVEN MORE INTERESTED IN WHAT THE FOUNDATION HAS RELEASED TO THE CHURCH FOR ITS PROGRAMS, SERVICES, AND OUTREACH. WE HOPE THEY WILL APPRECIATE THAT WE EXIST ONLY TO ENHANCE THE CHURCH THROUGH ONGOING UNDERWRITING MADE POSSIBLE BY LEGACY CONTRIBUTIONS FROM OUR ALTRUISTIC, GENEROUS DONORS. FIRST UNITED METHODIST CHURCH OF FORT WORTH INC 800 W 5TH ST FORT WORTH TX 76102 750800645 RELIGIOUS SERVICES TX 501(C)(3) LINE 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FIRST UNITED METHODIST CHURCH OF FORT WORTH B 2599932