2024-11-05T17:14:03-06:00 2023-12-31 720506596 COLE EVANS & PETERSON POST OFFICE DRAWER 1768 SHREVEPORT LA 711661768 990 2023-01-01 237004468 THE WOOLWORTH FOUNDATION WOOL 3182272270 333 TEXAS STREET 2100 SHREVEPORT LA 711015302 EUGENE W BRYSON JR DIRECTOR, PRESIDENT 3182272270 2024-11-05 1 0 STEVEN W HEDGEPETH P00024751 3182228367 2023 2024-10-15 13:58:12Z EUGENE W BRYSON JR 333 TEXAS STREET REGIONS TOWER SUITE 2100 SHREVEPORT LA 711015302 8288731 0 X N/A X 1965 LA PROVIDING FUNDS TO CHURCH AND COLLEGE 3 3 0 0 0 0 0 0 0 0 212723 326655 6401998 6746535 6614721 7073190 3145674 8903918 0 0 0 0 0 0 0 163936 99534 3309610 9003452 3305111 -1930262 21137739 21394351 3938796 2040707 17198943 19353644 TO PROVIDE FUNDS TO THE LOUISIANA CONFERENCE BOARD OF PENSIONS OF THE UNITED METHODIST CHURCH SOUTH CENTRAL JURISDICTION AND CENTENARY COLLEGE OF SHREVEPORT,LA. 0 0 8898918 8898918 OPERATING FUNDS FOR THE LOUISIANA CONFERENCE BOARD OF PENSIONS OF THE UNITED METHODIST CHURCH. 5000 5000 SCHOLARSHIP ENDOWMENT TO CENTENARY COLLEGE, SHREVEPORT, LA. 8903918 1 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 0 1 0 0 0 0 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 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X LAMAR PUGH 3182272270 2100 REGIONS TOWER 333 TEXAS ST SHREVEPORT LA 711015302 X EUGENE W BRYSON JR DIRECTOR, PRESIDENT 0.00 X X 0 0 0 JAMES M GOINS DIRECTOR, TREASURER 0.00 X X 0 0 0 WILLIAM G ANDERSON DIRECTOR, SECRETARY 0.00 X X 0 0 0 0 0 0 0 0 0 0 0 358828 358828 1183368 1215541 -32173 -32173 -32173 OIL & GAS INCOME(NET) 211100 6332751 6332751 TIMBER SALES 531390 403784 403784 TIMBER COST SHARING PAYMENT 110000 10000 10000 6746535 7073190 -32173 0 7105363 8903918 8903918 10300 10300 14175 14175 8200 8200 160 160 9418 9418 PROPERTY TAXES 28785 28785 AGENCY FEES 24449 24449 INSURANCE 4047 4047 9003452 8903918 99534 0 7938738 8166956 3638090 0 3638090 3638090 9560758 9589152 153 153 21137739 21394351 3938796 2040707 3938796 2040707 X 17198943 19353644 0 0 0 0 17198943 19353644 21137739 21394351 X -1930262 4084963 X X 0 0 0 X X X 2 LOUISIANA CONFERENCE BOARD OF PENSIONS OF THE UNITED METHODIST CHURCH 237188652 1 1 8898918 0 CENTENARY COLLEGE SHREVEPORT LOUISIANA 720408915 2 1 5000 0 2 8903918 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE A, PART IV, SECTION C, LINE 1 THE NECESSARY RELATIONSHIP EXISTS BECAUSE THE THREE MEMBERS OF THE WOOLWORTH FOUNDATION BOARD OF DIRECTORS ("WOOLWORTH", THE SUPPORTING ORGANIZATION) ARE EX-OFFICIO MEMBERS OF THE LOUISIANA ANNUAL CONFERENCE BOARD OF PENSIONS OF THE METHODIST CHURCH SOUTH CENTRAL JURISDICTION ("BOARD OF PENSIONS", THE SUPPORTED ORGANIZATION). IN ACCORDANCE WITH THE WILL OF DR. JOSEPH WOOLWORTH, WHICH CREATED WOOLWORTH, THE BOARD OF PENSIONS RECEIVES ALL NET INCOME OF WOOLWORTH EXCEPT FOR THE $5,000 PER YEAR THAT IS PAID TO CENTENARY COLLEGE, WHICH AFTER THE DEATH OF DR. A. C. VORAN, IS CONTINUED BY AUTHORIZATION OF THE BOARD OF PENSIONS. 3514593 3514593 123497 123497 3638090 FORM 990, SCHEDULE D, PART VI, LINE 1E: THE OTHER INVESTMENTS ($123,497) CONSIST OF TIMBER CARRIED AT $78,016 AND MINERAL INTERESTS CARRIED AT $45,481. 1 LOUISIANA CONFERENCE OF THE METHODIST CHURCH 521 NORTH BOULEVARD BATON ROUGE LA 70802 237188652 501(C)(3) 8898918 0 FOR USE BY THE CONFERENCE BOARD OF PENSIONS FORM 990, SCHEDULE I, PART IV: THE WILL OF DR. JOSEPH DEAN WOOLWORTH, BY WHICH THE FOUNDATION WAS CREATED, REQUIRES THAT $5000 OF NET INCOME BE DISTRIBUTED ANNUALLY TO CENTENARY COLLEGE OF LOUISIANA TO BE USED BY THE CENTENARY CHOIR SO LONG AS DR. A.C. VORAN IS EMPLOYED AT CENTENARY COLLEGE. UPON THE DEATH OF DR. A.C. VORAN, THE LOUISIANA CONFERENCE BOARD OF PENSIONS (SEE BELOW) DECLARED THAT THE $5,000 GIVEN ANNUALLY TO CENTENARY COLLEGE CHOIR IN DR. VORAN'S HONOR BE CONTINUED WITH THE VARIANT THAT IT BE GIVEN IN THE SAME AMOUNT TO THE "CHEEZY" VORAN SCHOLARSHIP ENDOWMENT. DR. WOOLWORTH'S WILL FURTHER REQUIRES THAT THE REMAINING NET INCOME BE DISTRIBUTED TO THE LOUISIANA ANNUAL CONFERENCE OF THE METHODIST CHURCH SOUTH CENTRAL JURISDICTION TO BE USED BY THE LOUISIANA CONFERENCE BOARD OF PENSIONS. ANY PROCEEDS RECEIVED AS BONUS CONSIDERATION FROM OIL, GAS, AND MINERAL LEASES, AND ANY GAINS AND LOSSES ARISING FROM THE DISPOSITION OF FOUNDATION ASSETS OTHER THAN FROM THE SALE OF TIMBER ARE NOT INCLUDED IN THE DETERMINATION OF CASH BASIS NET INCOME AVAILABLE FOR DISTRIBUTION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND LAMAR PUGH, ATTORNEY AND RECORD KEEPER FOR THE FOUNDATION, BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 INSPECTION IS AVAILABLE ON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN LIABILITY FOR UNDISTRIBUTED CASH BASIS NET INCOME AT YEAR-END 1,898,089. MINERAL LEASE BONUS PROCEEDS 2,185,653. BROKERAGE ADJUSTMENT TO COST BASIS OF SECURITIES 1,221. FORM 990, PART XII, LINE 2 THE BOARD OF DIRECTORS AND LAMAR PUGH, ATTORNEY AND RECORD KEEPER FOR THE FOUNDATION, OVERSEE THE SELECTION OF THE ACCOUNTANTS AND PREPARATION OF THE FOUNDATION'S CASH BASIS FINANCIAL STATEMENTS.