2024-06-14T14:03:32-05:00 2023-12-31 752138464 OLIVER RAINEY & WOJTEK LLP 2909 SHERWOOD WAY SUITE 300 SAN ANGELO TX 76901 990 2023-01-01 472390352 MASSEY FENDER ENDOWMENT FUND MASS 3256558981 PO BOX 4028 SAN ANGELO TX 769024028 CHAD ELKINS CHAIRMAN 3256558981 2024-06-14 1 CHAD ELKINS 999009999 0 X JEFFREY J BOZEMAN CPA P00183885 3259426713 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z KEITH MORTIMORE PO BOX 4028 SAN ANGELO TX 769024028 1278948 0 X N/A X 2014 TX TO SUPPORT THE FIRST METHODIST CHURCH OF SAN ANGELO AND ITS SUPPORTED PROGRAMS. 6 6 0 0 0 0 20 21757 0 0 258173 303099 0 0 258193 324856 109881 131484 0 0 0 0 0 0 0 28041 40514 137922 171998 120271 152858 3699451 4205300 0 0 3699451 4205300 X THE MASSEY FENDER ENDOWMENT FUND IS ORGANIZED FOR THE PURPOSE OF MANAGING, INVESTING, DISBURSING FUNDS FOR THE USE AND BENEFIT OF FIRST METHODIST CHURCH OF SAN ANGELO (FORMERLY KNOWN AS FIRST UNITED METHODIST CHURCH OF SAN ANGELO) AND THE CHURCH'S SPONSORED OR SUPPORTED PROGRAMS, MINISTRIES, AND CHARITABLE ENDEAVORS. IN 2023 FIRST UNITED METHODIST CHURCH OF SAN ANGELO CHANGED ITS NAME TO FIRST METHODIST CHURCH OF SAN ANGELO AND BECAME AN AFFILIATE CHURCH OF THE GLOBAL METHODIST CHURCH. 0 0 131484 131484 TO SUPPORT THE FIRST METHODIST CHURCH OF SAN ANGELO AND ITS SUPPORTED PROGRAMS. 131484 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 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 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X KEITH MORTIMORE 3256558981 PO BOX 4028 SAN ANGELO TX 76902 X CHAD ELKINS CHAIRMAN 3.00 X X 0 0 0 KEITH MORTIMORE SECRETARY 3.00 X X 0 0 0 WILL SLAUGHTER DIRECTOR 3.00 X 0 0 0 LAURA HARKEY DIRECTOR 3.00 X 0 0 0 CLAY ENGDAHL DIRECTOR 3.00 X 0 0 0 KEVIN PORSHE DIRECTOR 3.00 X 0 0 0 0 0 0 0 0 0 0 0 21757 21757 105497 105497 1151694 954092 197602 197602 197602 324856 0 0 303099 131484 131484 1231 1231 19560 19560 19723 19723 171998 131484 40514 0 151548 288627 3547903 3916673 3699451 4205300 0 0 X 2526503 2192630 1172948 2012670 3699451 4205300 3699451 4205300 152858 352991 0 X 0 0 0 X X 1 FIRST METHODIST CHURCH OF SAN ANGELO 756001559 1 1 131484 0 1 131484 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 89189 105497 89189 105497 0 0 0 0 19816 19723 69373 85774 3814627 3624984 136521 309896 0 0 3951148 3934880 0 0 0 3951148 3934880 59267 59023 3891881 3875857 136216 135655 0 0 136216 135655 69373 58967 136216 136216 0 136216 131484 0 0 0 0 0 131484 131484 136216 96.530000000000 136216 0 0 0 0 0 0 0 0 0 0 0 131484 0 131484 0 0 4732 0 0 0 0 0 0 PART IV, SECTION D, LINE 3: THE MASSEY FENDER ENDOWMENT FUND (MFEF) BOARD OF DIRECTORS IS MADE UP OF FIRST METHODIST CHURCH OF SAN ANGELO (THE CHURCH) MEMBERS WHO ARE ELECTED BY THE THEN EXISTING BOARD MEMBERS WITH INPUT FROM THE CHURCH'S SENIOR PASTOR. ALL BOARD MEMBERS ARE EITHER ACTIVE MEMBERS OF THE CHURCH OR ATTEND THE CHURCH REGULARLY. THE SENIOR PASTOR IS A MEMBER OF THE BOARD OF DIRECTORS, HE/SHE SERVE IN AN ADVISORY ROLE, AND THAT ADDS TO THE CHURCH'S VOICE IN THE MFEF'S INVESTMENT POLICIES. MFEF'S BOARD OF DIRECTORS IS MADE UP ALMOST EXCLUSIVELY OF MEMBERS OF THE CHURCH. MFEF GOVERNING BOARD MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS, DIRECTORS, OR TRUSTEES OF THE CHURCH. THE MFEF BOARD INCLUDES THE SENIOR PASTOR OF THE CHURCH WHO ATTENDS THE MEETINGS OF THE TRUSTEE'S BOARD AND CHURCH COUNCIL. ALSO, ITS COINCIDENTAL AND IRREGULAR, BUT MEMBERS OF THE MFEF BOARD ALSO AT TIMES ARE MEMBERS OF THE TRUSTEES, FINANCE, AND OTHER CHURCH BOARDS. WHILE NOT MANDATED BY WRITTEN DOCUMENTATION, FROM TIME TO TIME MEMBERS OF MFEF BOARD ALSO SERVE AS MEMBERS OF THE BOARDS OF TRUSTEES, FINANCE, AND OTHER CHURCH BOARDS. THE MFEF'S GOVERNING BOARD REVIEWS THE ORGANIZATION'S INVESTMENT PERFORMANCE QUARTERLY TO ENSURE THAT EARNINGS OBJECTIVES ARE BEING MET. ADJUSTMENTS ARE MADE TO THE INVESTMENT PORTFOLIO AS NEEDED. THEREFORE, THE CHURCH HAS A SIGNIFICANT VOICE IN MFEF'S INVESTMENT POLICIES AND IN THE DIRECTING AND USE OF MFEF'S INCOME OR ASSETS THROUGHOUT THE YEAR. PART V, SECTION D , LINE 8: THE FIRST METHODIST CHURCH OF SAN ANGELO (THE CHURCH), SUPPORTED ORGANIZATION, IS ADEQUATELY REPRESENTED IN THE GOVERNING BODY OF MASSEY FENDER ENDOWMENT FUND (MFEF), SUPPORTING ORGANIZATION, BECAUSE MFEF BOARD OF DIRECTORS IS MADE UP OF CHURCH MEMBERS. THE MFEF BOARD ALSO INCLUDES THE SENIOR PASTOR OF THE CHURCH. THE MFEF BOARD OF DIRECTORS REVIEW THE ORGANIZATION'S INVESTMENT PERFORMANCE QUARTERLY TO ENSURE THAT EARNINGS OBJECTIVES ARE BEING MET. ADJUSTMENTS ARE MADE TO THE INVESTMENT PORTFOLIO AS NEEDED. THEREFORE, THE CHURCH HAS A SIGNIFICANT VOICE IN INVESTMENT POLICIES, TIMING OF GRANTS, MANNER OF MAKING GRANTS, SELECTION OF GRANT RECIPIENTS AND DIRECTING THE USE OF ITS INCOME OR ASSETS. THEREFORE, MFEF IS RESPONSIVE TO THE NEEDS OF THE CHURCH. MFEF USES ITS FUNDS FOR SPECIAL NEEDS OF THE CHURCH RATHER THAN ORDINARY CHURCH OPERATIONS, BUT THE BOARD MAY AUTHORIZE DISTRIBUTIONS FOR ANY PERMITTED CHURCH PURPOSES IN THE MANNER PROVIDED IN THE BYLAWS IN THE BOARD'S DISCRETION. IN 2023 MFEF DISTRIBUTED $131,484 TO THE CHURCH FOR COLLEGE SCHOLARSHIPS, MAJOR IMPROVEMENTS AND REPAIR EXPENSE, NEW PIANO, NEW CHURCH SIGNS, REVIVE SUMMER CAMP, MISSION TRIP, AND YOUTH CHOIR TOUR EXPENSES. THIS DISTRIBUTION REPRESENTS 96.53% OF MFEF'S REQUIRED ANNUAL DISTRIBUTABLE AMOUNT TO THE CHURCH. MFEF IS ATTENTIVE TO THE NEEDS OF THE CHURCH BECAUSE THE SUPPORT FROM MFEF WAS NECESSARY TO AVOID THE INTERRUPTION OF CARRYING ON A PARTICULAR FUNCTION OR ACTIVITIES OF THE CHURCH. ALTHOUGH, THESE FUNCTIONS AND ACTIVITIES ARE NOT THE CHURCH'S PRIMARY ACTIVITY, THEY ARE SUBSTANTIAL ACTIVITIES OF THE CHURCH. THEREFORE, MFEF MEETS THE ATTENTIVENESS REQUIREMENT OF REG. 1.509(A)-4(I)(5)(III)(B)(2). PART V, SECTION E , LINE 6: THE MASSEY FENDER ENDOWMENT FUND (MFEF) FILED FORM 8940, REQUEST FOR MISCELLANEOUS DETERMINATION, ON DECEMBER 13, 2023 REQUESTING A CHANGE IN TYPE OF PUBLIC CHARITY STATUS TO A SECTION 509(A)(3) TYPE III NON-FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. 2023 WAS THE FIRST YEAR THAT THE MFEF WAS REQUIRED TO FULFILL THE DISTRIBUTION REQUIREMENT AND INADVERTENTLY UNDER DISTRIBUTED $4,732. THE FAILURE TO MEET THE MINIMUM DISTRIBUTION REQUIREMENT WAS SOLELY DUE TO A CLERICAL ERROR AND WAS NOT DUE TO WILLFUL NEGLECT. MFEF DISTRIBUTED $4,732 TO FIRST METHODIST CHURCH OF SAN ANGELO WITHIN 180 DAYS AFTER THE AFTER THE CLERICAL ERROR WAS DISCOVERED. THEREFORE, THE MASSEY FENDER ENDOWMENT FUND MEETS THE REASONABLE CAUSE EXCEPTION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3699451 21757 656090 171998 4205300 4530779 20 -693426 137922 3699451 4050402 58070 567353 145046 4530779 3666415 30655 485318 131986 4050402 0.52140 0.47860 0 0 0 EQUITIES 2877629 F MUTUAL FUNDS 283176 F GOVERNMENT AGENCIES 281430 F MUNICIPAL AND CORPORATE OBLIGATIONS 474438 F 3916673 1 FIRST METHODIST CHURCH OF SAN ANGELO 37 E BEAUREGARD AVE SAN ANGELO TX 76903 756001559 SECTION 501(C)(3) 131484 0 SCHOLARSHIPS, SENIOR AND YOUTH MINISTRIES, MISSIONS AND SPECIAL FUNDS, CHURCH R&M, PIANO, CHURCH SIGNS, PARSONAGE REPAIRS. 1 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY HAS GIVEN THE ORGANIZATION'S PRESIDENT THE AUTHORITY TO ACT ON THEIR BEHALF, WHICH INCLUDES REVIEW OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12 THE EXEMPT ORGANIZATION REQUIRES ANNUAL WRITTEN DISCLOSURES OF ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FIRST METHODIST CHURCH OF SAN ANGELO 37 E BEAUREGARD AVE SAN ANGELO TX 76903 756001559 CHURCH TX 501(C)(3) LINE 1 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FIRST METHODIST CHURCH OF SAN ANGELO B 131484 CASH VALUE