2024-11-06T15:33:44-05:00 2023-12-31 621409003 MULLINS CLEMMONS & MAYES PLLC 340 SEVEN SPRINGS WAY STE 720 BRENTWOOD TN 370275098 990 2023-01-01 237077869 UNITED METHODIST HIGHER EDUCATION FOUNDATION UNIT 6156493990 PO BOX 340005 NASHVILLE TN 37203 ROBERT R FLETCHER PRESIDENT/CEO 6156493990 2024-11-01 true true LARRY D MULLINS P00865882 6153708576 2024-11-06 2023 2024-10-15 13:58:12Z PHILIP JAMIESON 2392133 false X WWW.UMHEF.ORG X 1965 TN UMHEF PROVIDES ON AVERAGE IN EXCESS OF 2 MILLION IN SCHOLARSHIP FUNDING THROUGH ITS COLLABORATIVE PROGRAMS. IN PURSUIT OF THAT GOAL, THE FOUNDATION HOSTS ENDOWMENT FUNDRAISING EVENTS AND PROGRAMS TO RAISE SCHOLARSHIP DOLLARS. 28 28 6 40 0 272504 374121 0 1762110 2014972 2154 2034614 2391247 1175195 1269949 0 707978 799619 0 373656 507888 666809 2391061 2736377 -356447 -345130 56702890 61866679 812426 531422 55890464 61335257 THE ORGANIZATION WAS ESTABLISHED TO DEVELOP AND MANAGE FUNDS FOR SCHOLARSHIPS FOR UNITED METHODIST STUDENTS ATTENDING UNITED METHODIST RELATED SCHOOLS. false false 2006751 1269949 UNITED METHODIST DOLLARS FOR SCHOLARS PROVIDES MATCHING SCHOLARSHIPS FOR STUDENTS ATTENDING UNITED METHODIST-RELATED INSTITUTIONS. LOCAL UNITED METHODIST CHURCHES PROVIDE 1,000 TO A MEMBER STUDENT (TOTALING 411,000 IN 2023), THE UNITED METHODIST HIGHER EDUCATION FOUNDATION MATCHES EACH STUDENT'S 1,000, AND IN MOST INSTANCES THE UNITED METHODIST-RELATED EDUCATIONAL INSTITUTION MATCHES 1,000, BRINGING THE TOTAL AWARD TO 3,000 PER STUDENT. FURTHER, WITH A SELECT NUMBER OF UNITED METHODIST CONFERENCE FOUNDATIONS, THE AWARD IS MATCHED WITH AN ADDITIONAL 1,000 (TOTALING 250,596 IN 2023),BRINGING THE TOTAL AWARD TO 4,000 PER STUDENT. TOTAL SCHOLARSHIPS AWARDED BY UNITED METHODIST HIGHER EDUCATION FOUNDATION THROUGH THIS PROGRAM IN 2023 WERE 1,072,596. 2006751 true true false false false false false false false true true false false false true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 2 0 6 true false false false false false true true false false false false false false false false X 28 28 false false false false false true false true true false false true true true true true true true false false TN X BILLY LOU WRIGHT 6156493990 PO BOX 340005 NASHVILLE TN 372030005 ROBERT R FLETCHER PRESIDENT/CE 40.00 X 128190 0 42211 GLENN C ANDREW TREASURER 1.00 X X 0 0 0 JESSE ARY TRUSTEE 1.00 X 0 0 0 DR IRMA CLARK TRUSTEE 1.00 X 0 0 0 J ROWLAND COOK TRUSTEE 1.00 X 0 0 0 CARA STULTZ COSTELLO TRUSTEE 1.00 X 0 0 0 HERMAN FELTON TRUSTEE 1.00 X 0 0 0 TIMOTHY GRIFFY TRUSTEE 1.00 X 0 0 0 MOLLY GABEL TRUSTEE 1.00 X 0 0 0 DR JOSEPH HARRIS TRUSTEE 1.00 X 0 0 0 TARI HUGHES TRUSTEE 1.00 X 0 0 0 WILLIE JOHNSON TRUSTEE 1.00 X 0 0 0 WILLIAM N JOHNSTON CHAIR 1.00 X X 0 0 0 DR RUTH A KNOX TRUSTEE 1.00 X 0 0 0 JEFFREY KUAN TRUSTEE 1.00 X 0 0 0 KATHI AUSTIN MAHLE TRUSTEE 1.00 X 0 0 0 WAYNE MOY TRUSTEE 1.00 X 0 0 0 BRUCE OUGH TRUSTEE 1.00 X 0 0 0 SHERRON SHUFFIELD TRUSTEE 1.00 X 0 0 0 CHARLES THOELE TRUSTEE 1.00 X 0 0 0 JAVIER VIERA TRUSTEE 1.00 X 0 0 0 BILL VOGEL TRUSTEE 1.00 X 0 0 0 LORENE WILBUR SECRETARY 1.00 X X 0 0 0 MELVA WILLIAMS TRUSTEE 1.00 X 0 0 0 DR KEN YAMADA TRUSTEE 1.00 X 0 0 0 NANCY YOUNG TRUSTEE 1.00 X 0 0 0 GREG BERGQUIST EX-OFFICIO 1.00 X 0 0 0 JULIE CHILDS TRUSTEE 1.00 X 0 0 0 JADD MASSO VICE CHAIR 1.00 X X 0 0 0 JEFFREY TAYLOR TRUSTEE 1.00 X 0 0 0 128190 42211 1 false true false 374121 374121 1315932 1315932 699926 886 699926 -886 699040 -886 699926 MANAGEMENT FEES 999999 2154 2154 2154 2391247 1268 2015858 1269949 1269949 216284 64885 43257 108142 372355 183233 100014 89108 66960 28224 16298 22438 117953 49719 28709 39525 26067 10987 6345 8735 532 532 18811 18811 17369 17369 11651 6606 1121 3924 53880 16217 12865 24798 28390 14792 5895 7703 125297 33252 75660 16385 44131 13795 9025 21311 52873 23018 13775 16080 4632 1953 1127 1552 18537 3689 12650 2198 FIDUCIARY DISTRIBUTIONS 217802 210802 2000 5000 REIMBURSEMENT OF DFS SCH 41990 41990 SERVICE CONTRACTS 24028 11271 6000 6757 MISCELLANEOUS 5000 5000 1886 1886 2736377 2006751 355970 373656 263615 336703 35741 77254 62791 14249 14463 55839834 61030900 585192 448872 56702890 61866679 314218 251455 498208 279967 812426 531422 X 26549789 29516195 29340675 31819062 55890464 61335257 56702890 61866679 -345130 5789447 3930 -3454 X false true X true false X 557019 378756 446411 272504 374121 2028811 557019 378756 446411 272504 374121 2028811 86390 1942421 1155459 822932 980692 1301725 1315932 5576740 7605551 2154 0.25540 0.25030 X THE ORGANIZATION RECEIVED 25.54% OF ITS SUPPORT FROM THE GENERAL PUBLIC IN 2023 AND 25.03% IN 2022. THE ORGANIZATION HAD OVER 800 UNIQUE DONORS IN 2023 FROM MANY DIFFERENT PARTS OF THE COUNTRY. THE ORGANIZATION MAINTAINS A PROGRAM, ON A CONTINUOUS BASIS, TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC. THE ORGANIZATION MAINTAINS A LARGE GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE GENERAL PUBLIC. DUE TO ALL OF THESE FACTORS, THE ORGANIZATION MEETS THE 10% FACTS AND CIRCUMSTANCES TEST AND QUALIFIES AS A PUBLIC CHARITY. PART II, LINE 17A THE ORGANIZATION RECEIVED 25.54% OF ITS SUPPORT FROM THE GENERAL PUBLIC IN 2023 AND 25.03% IN 2022. THE ORGANIZATION HAD OVER 800 UNIQUE DONORS IN 2023 FROM MANY DIFFERENT PARTS OF THE COUNTRY. THE ORGANIZATION MAINTAINS A PROGRAM, ON A CONTINUOUS BASIS, TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC. THE ORGANIZATION MAINTAINS A LARGE GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE GENERAL PUBLIC. DUE TO ALL OF THESE FACTORS, THE ORGANIZATION MEETS THE 10% FACTS AND CIRCUMSTANCES TEST AND QUALIFIES AS A PUBLIC CHARITY. PART II, LINE 17B THE ORGANIZATION RECEIVED 25.03% OF ITS SUPPORT FROM THE GENERAL PUBLIC IN 2022 AND 28.33% IN 2021. THE ORGANIZATION HAD OVER 800 UNIQUE DONORS IN 2022 FROM MANY DIFFERENT PARTS OF THE COUNTRY. THE ORGANIZATION MAINTAINS A PROGRAM, ON A CONTINUOUS BASIS, TO SOLICIT DONATIONS FROM THE GENERAL PUBLIC. THE ORGANIZATION MAINTAINS A LARGE GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE GENERAL PUBLIC. DUE TO ALL OF THESE FACTORS, THE ORGANIZATION MEETS THE 10% FACTS AND CIRCUMSTANCES TEST AND QUALIFIES AS A PUBLIC CHARITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27546070 630193 3226212 1164534 366884 29871057 33486631 176002 -5019824 916850 179889 27546070 31870804 329284 2258818 972275 33486631 28025001 256646 4468061 878904 31870804 24143507 432363 4263262 814131 28025001 1.00000 true false 77254 62791 14463 14463 CAPITAL LEASE OBLIGATION 279967 279967 8181170 5789447 3930 5793377 2387793 3454 3454 2391247 2736377 2736377 2736377 true UNITED METHODIST DOLLARS 404 411000 FOUNDATION MERIT SCHOLARS 39 117000 NAMED ENDOWED SCHOLARSHIP 283 696949 HBCU 9 45000 SCHEDULE I, PAGE 1, PART I, LINE 2 THE UNITED METHODIST HIGHER EDUCATION FOUNDATION ADMINISTERS SCHOLARSHIP FUNDS THAT FALL ROUGHLY INTO THREE CATEGORIES: UNITED METHODIST DOLLARS FOR SCHOLARS (UMDFS), FOUNDATION MERIT SCHOLARS AND NAMED ENDOWED SCHOLARSHIPS. THE EXPENDITURE OF THESE FUNDS, NAMES OF STUDENT RECIPIENTS AND AMOUNTS AWARDED TO THESE STUDENTS ARE MONITORED BY THE SCHOLARSHIPS AND AWARDS COMMITTEE OF THE BOARD OF TRUSTEES OF THE FOUNDATION. EXTENSIVE REPORTS ARE FILED WITH THE MEMBERS OF THIS COMMITTEE AT BOTH ITS SEMI- ANNUAL MEETINGS. SCHEDULE I, PAGE 4, PART IV PART III, COLUMN (A): (1) TYPE OF GRANT OR ASSISTANCE: UNITED METHODIST DOLLARS FOR SCHOLARS - A LOCAL UNITED METHODIST CONGREGATION PROVIDES A GRANT TO A MEMBER OF THAT CONGREGATION ATTENDING A UNITED METHODIST RELATED COLLEGE OR THEOLOGICAL SCHOOL. WE WILL MATCH THOSE FUNDS FROM THE RETURN FROM OUR ENDOWMENT. IN MANY CASES THE STUDENT'S EDUCATIONAL INSTITUTION WILL PROVIDE ANOTHER MATCH OF 1,000 AND IN SOME ANNUAL CONFERENCES, THE CONFERENCE FOUNDATION PROVIDES AN ADDITIONAL 1,000 MATCH. (2) TYPE OF GRANT OR ASSISTANCE: FOUNDATION MERIT SCHOLARS - FUNDS FROM FOUNDATION'S ENDOWMENT RETURN ARE PROVIDED DIRECTLY TO THE INSTITUTION FOR AWARDS OF 3,000 PER CLASS FOR THEOLOGICAL SCHOOLS. WE REQUIRE THAT THE RECIPIENT HAVE A MINIMUM OF A 3.00 ACADEMIC AVERAGE AND A DEMONSTRATED FINANCIAL NEED. THE INSTITUTIONS SELECT THE RECIPIENT. (3)TYPE OF GRANT OR ASSISTANCE: NAMED ENDOWED SCHOLARSHIPS - DONORS MAKE GIFTS TO CREATE AN ENDOWED SCHOLARSHIP WITH SPECIFIED REQUIREMENTS FOR RECIPIENTS. THE SCHOLARSHIP AND AWARDS COMMITTEE OF THE FOUNDATION BOARD DESIGNATES 6 OR MORE PERSONS (USUALLY TRUSTEES) EACH YEAR TO SERVE AS SCHOLARSHIP READERS. THESE READERS READ ALL ELIGIBLE APPLICATIONS FOR THESE SCHOLARSHIP AWARDS AND DETERMINE THE RECIPIENTS AND THE AMOUNT OF EACH SCHOLARSHIP. X X true true X X X false false false false false false false false false ROBERT R FLETCHER PRESIDENT/CEO 128190 42211 170401 FORM 990, PAGE 6, PART VI, LINE 7A THE UNITED METHODIST HIGHER EDUCATION FOUNDATION TRUSTEES ARE ELECTED BY THE DIVISION OF HIGHER EDUCATION OF THE GENERAL BOARD OF HIGHER EDUCATION AND MINISTRY OF THE UNITED METHODIST CHURCH. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE WITH A PERIOD OF TWO DAYS TO REVIEW. AUTHORIZATION TO FILE IS PROVIDED BY THE AUDIT COMMITTEE CHAIR IMMEDIATELY FOLLOWING THE REVIEW PERIOD. FORM 990, PAGE 6, PART VI, LINE 12C ANY DISCLOSURES ARE QUESTIONED IN DEPTH TO ENSURE PROPRIETY. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT/CEO'S SALARY IS EVALUATED AND APPROVED, ANNUALLY, BY THE BOARD'S EXECUTIVE COMMITTEE. THE PRESIDENT/CEO EVALUATES AND APPROVES, ANNUALLY, ALL FOUNDATION STAFF SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE AVAILABLE PHYSICALLY IN THE OFFICE. FINANCIAL INFORMATION IS ALSO REPORTED ON THE UMHEF WEBSITE.