2025-10-18T09:57:30-04:00 2024-12-31 990 2024-01-01 730758119 THE OKLAHOMA UNITED METHODIST FOUNDATION % BILLY MEADE OKLA 4058965016 4201 N CLASSEN BLVD Oklahoma City OK 731182400 BILLY MEADE PRESIDENT 4058965016 2025-10-18 true 2024 2025-03-06 01:10:19Z BILLY MEADE 4201 N CLASSEN BLVD Oklahoma City OK 731182400 6364952 false X WWW.LASTINGGOOD.ORG X 1944 OK To create and administer permanent charitable endowments to strengthen Methodist ministries in Oklahoma. 17 17 14 0 0 509653 1059666 2534296 2674495 1946561 2128853 142710 107247 5133220 5970261 1073247 1392116 0 2172824 2116957 0 0 694141 714918 3940212 4223991 1193008 1746270 444911095 480116754 404407835 436667218 40503260 43449536 To create and administer permanent charitable endowments to strengthen Methodist ministries in Oklahoma. false false 362228 362228 Support for United Methodist Churches and related ministries of the Oklahoma Annual Conference of the United Methodist Church. 273289 273289 Provided seminary scholarships for future Oklahoma United Methodist pastors allowing them to begin their ministry career without the burden of student loan debt. 181208 181208 Provided $144,000 funds to the Oklahoma United Methodist Circle of Care, Inc. to support foster care ministry and Pearls Hope Transitional Living Program for single mothers. Pearls Hope provides financial, educational, and familial resources to secure and maintain housing on their own. Pearls Hope serves women who are working to improve their lives or the lives of their children after intervention by the OK Department of Human Services. Remaining funds were for general support. 2476144 575391 2674495 2476144 575391 2674495 3292869 true true false false false true false false false true true true false false true false true false false false false true false false false false false true false true false false false false false false false false true false false false false false false false false true 3 0 true 14 true false false false false false false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false OK X JACOB BUSSELL 4058965016 4201 N CLASSEN BLVD Oklahoma City OK 731182400 BILLY MEADE PRESIDENT 40.00 0.00 X 261933 0 51710 DAVID BATTLES EXECUTIVE VICE-PRESIDENT 40.00 0.00 X 230804 0 53714 ALAN HERNDON DIRECTOR OF GIFT PLANNING 40.00 0.00 X 136002 0 43423 DARRELL CATES CONFERENCE & CHURCH RELATIONS 40.00 0.00 X 129384 0 46085 JACOB BUSSELL CONTROLLER & TREASURER 40.00 0.00 X 129321 0 38083 REV DERREK BELASE BOARD MEMBER 1.00 0.00 X 0 0 0 BARBARA BRAUGHT BOARD CHAIRPERSON 1.00 0.00 X X 0 0 0 REV DAVID BURRIS BOARD MEMBER 1.00 0.00 X 0 0 0 REV CAROL COOK MOORE BOARD MEMBER 1.00 0.00 X 0 0 0 ALLEN EVANS BOARD SECRETARY 1.00 0.00 X X 0 0 0 JOE HALL BOARD VICE-CHAIRPERSON 1.00 0.00 X X 0 0 0 DONALD KIM BOARD MEMBER 1.00 0.00 X 0 0 0 LINDA LAMBERT BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE LONG BOARD MEMBER 1.00 0.00 X 0 0 0 REV TISH MALLOY BOARD MEMBER 1.00 0.00 X 0 0 0 BISHOP LAURA MERRILL BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN ROBERTS BOARD MEMBER 1.00 0.00 X 0 0 0 KIRK WASHBURN BOARD MEMBER 1.00 0.00 X 0 0 0 LINDA BRINKWORTH BOARD MEMBER 0.00 0.00 X 0 0 0 DOUG DOWLER BOARD MEMBER 0.00 0.00 X 0 0 0 DB GREEN BOARD MEMBER 0.00 0.00 X 0 0 0 JEFF HEDRICK BOARD MEMBER 0.00 0.00 X 0 0 0 887444 0 233015 5 false true false 1059666 367924 1059666 Account service fees 561000 2674495 2674495 2674495 2118898 2118898 107247 107247 396646 8000 388558 6133 8088 1867 9955 9955 0 5970261 4910595 0 0 1392116 1392116 622771 366877 255894 890672 648945 241727 117828 79086 38742 390352 262004 128348 95334 63988 31346 225 151 74 42550 28560 13990 107060 71859 35201 33878 22739 11139 56076 37638 18438 78449 52655 25794 101001 67792 33209 76106 51082 25024 83186 55834 27352 136387 91543 44844 4223991 3292869 931122 0 64200830 59317583 12270440 9351088 2474508 1414153 1009190 1060355 367335166 410333972 95469 53756 444911095 480116754 404407835 436667218 404407835 436667218 X 24790890 26415369 15712370 17034167 40503260 43449536 444911095 480116754 X 1746270 1497775 -297769 X false true X true false X 844054 632698 648945 509653 1059666 3695016 844054 632698 648945 509653 1059666 3695016 3695016 1644234 1746986 2117517 2089271 2236100 9834108 2103907 2564290 2419455 2534296 2674495 12296443 25825567 0.14310 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27 58084 392960 5192874 true true 15177585 294787 1519034 522446 16468960 13999381 10243 1667557 499596 15177585 17381162 4797 -2670401 716177 13999381 16461466 292723 1095562 468589 17381162 14702915 33592 2326016 601057 16461466 1.00000 false false 240701 240701 1754262 1023506 730756 479545 390647 88898 1060355 Wespath Institutional Investments 360533307 F Alternative investments 246287 F US government obligations F Equity securities 1350959 F Mutual funds 666405 F Corporate debt obligations F Other 49193 F Real estate 159500 F Mineral interests 45141633 F Municipal bonds 2186688 F 410333972 Assets held for benefit of others 436667218 436667218 7477318 1497775 9282 1507057 5970261 5970261 4223991 4223991 4223991 Part XI, Line 2d-Other revenue included on Sch D but not on 990 Change in value of split-interest agreements - $9,282 Sub-Saharan Africa WATER WELLS 36000 WIRE 0 Fair market value Sub-Saharan Africa CLASSROOMWATER WELL REPAIRSNEW HOSPITA 144148 0 Fair market value false false false false false false true OK UM CIRCLE OF CARE INC 1501 NW 24TH Oklahoma City OK 73106 730975224 501C3 181208 FOSTER CARE AND TRANSITIONAL HOUSING ASBURY THEOLOGICAL SEMINARY 204 N LEXINGTON AVE Wilmore KY 40390 610445823 501C3 52845 SEMINARY SCHOLARSHIPS OKLAHOMA CITY UNIVERSITY 2501 N BLACKWELDER Oklahoma City OK 73106 730579265 501C3 17795 GENERAL SUPPORT FOR UMC UNIVERSITY SAINT PAUL SCHOOL OF THEOLOGY 13720 ROE AVE Overland Park KS 66224 440624810 501C3 73061 SEMINARY SCHOLARSHIPS NEIGHBORHOOD SERVICES ORGANIZATION 431 SW 11TH ST Oklahoma City OK 73109 730785944 5013C 10000 GENERAL MINISTRY SUPPORT OKLAHOMA METHODIST CONFERENCE 1501 NW 24TH ST Oklahoma City OK 73106 730617470 501C3 25895 CAMPING MINISTRY CONFERENCE TRAVEL EXPE EMORY UNIVERSITY 1390 OXFORD ROAD NE Atlanta GA 30322 580566256 501C3 11556 SEMINARY SCHOLARSHIPS GARRETT EVANGELICAL 2121 SHERIDAN RD Evanston IL 60201 362167085 501C3 12086 SEMINARY SCHOLARSHIPS LYDIA PATTERSON INSTITUTE OF METHOD PO BOX 11 El Paso TX 79999 362004402 501C3 15000 STUDENT SCHOLARSHIPS DAKOTA WESLEYAN UNIVERSITY 1200 W UNIVERSITY AVE Mitchell SD 57301 460224589 501C3 34862 SCHOLARSHIPS TRINITY WOODS 4134 E 31ST ST Tulsa OK 74135 730648458 501C3 51949 UMC SR LIVING BLDG IMPROVEMENTS EPWORTH VILLA 14901 N PENNSYLVANIA Oklahoma City OK 73134 462849151 501C3 17831 SENIOR ADULT HOUSING AND HEALTH CARE UNITED METHODIST HIGHER EDUCATION F 60 MUSIC SQUARE EAST Nashville TN 37203 237077869 501C3 15000 UNDERGRAD SEMINARY SCHOLARSHIPS CLAREMORE METHODIST CHURCH 1615 OK-88 Claremore OK 74017 730632933 501C3 246622 CHURCH MINISTRY SUPPORT KINGFISHER FIRST UMC 1800 S 13TH ST Kingfisher OK 73750 730654416 501C3 19768 CHURCH MINISTRY SUPPORT FAITH UNITED METHODIST CHURCH 7431 E 91ST ST Tulsa OK 74133 731048411 501C3 23092 CHURCH MINISTRY SUPPORT HENNESSEY FIRST UMC 201 S CHEROKEE ST Hennessey OK 73742 730796257 501C3 16997 CHURCH MINISTRY SUPPORT ST PAULS UMC 1904 N PECAN RD Ponca City OK 74604 731196398 501C3 15000 CHURCH MINISTRY SUPPORT CBMC INC 10 E MEMORIAL RD Oklahoma City OK 73114 362004402 501C3 5000 MINISTRY SUPPORT CONNECT UMC 5400 N COLTRANE RD Edmond OK 73034 464355813 501C3 12941 CHURCH MINISTRY SUPPORT TAHLEQUAH FIRST UMC 300 W DELAWARE ST Tahlequah OK 74464 730614293 501C3 9247 CHURCH MINISTRY SUPPORT PIEDMONT FIRST UMC 2525 PIEDMONT RD Piedmont OK 73078 731195880 501C3 8439 CHURCH MINISTRY SUPPORT LOST CREEK UMC 8002 S WASHINGTON ST Stillwater OK 74074 731503622 501C3 34797 CHURCH MINISTRY SUPPORT UNITED METHODIST CHURCH UPPER ROOM 1908 GRAND AVE Nashville TN 37212 365019628 501C3 40000 PRAYER ROOM MINISTRY SUPPORT NEW COVENANT CHURCH 2700 S BLVD Edmond OK 73013 922855625 501C3 5000 CHURCH MINISTRY SUPPORT ST STEPHENS UNITED METHODIST CHURCH 1801 W BROOKS ST Norman OK 73069 736082197 501C3 26423 CHURCH MINISTRY SUPPORT EDMOND FIRST UNITED METHODIST CHURC 305 E HURD ST Edmond OK 73034 730744597 501C3 12218 CHURCH MINISTRY SUPPORT X true true X X X X false false false false false false false false false BILLY MEADE PRESIDENT 261933 19830 31880 313643 DAVID BATTLES EXECUTIVE VICEPRESIDENT 230804 17980 35734 284518 JACOB BUSSELL CONTROLLER TREASURER 129321 9907 28176 167404 ALAN HERNDON DIRECTOR OF GIFT PLANNING 136002 10733 32690 179425 DARRELL CATES CONFERENCE CHURCH RELATIONS 129384 10351 35734 175469 X 19 367924 FMV-PRICED PUBLICLY false true true Form 990 governing body review Part VI line 11 The Form 990 is prepared by President CPA, reviewed by Executive VP CPA, and provided to Trustees via Trustee portal. Conflict of interest policy compliance Part VI line 12c Annually each Trustee is required to complete a Conflict of Interest form stating they are aware of the Foundations Conflict of Interest policy, they are in compliance with the policy, and will notify the Foundation immediately should a conflict arise. The Foundation staff monitors activity for the existence of potential conflicts in the normal course of business throughout the year. CEO executive director top management comp Part VI line 15a Compensation for the President is reviewed and approved by the Personnel sub-committee of the Board of Trustees based on job performance, external comparable data for similar Foundations, and other relevant information. The operating budget is then reviewed and approved by the Finance Committee and the Board of Trustees. Other officer or key employee compensation Part VI line 15b Compensation for the President is reviewed and approved by the Personnel sub-committee of the Board of Trustees based on job performance, external comparable data for similar Foundations, and other relevant information. Compensation for all other employees is determined by the President using similar metrics as the annual operating budget is prepared. The operating budget is then reviewed and approved by the Finance Committee and the Board of Trustees. Governing documents etc available to public Part VI line 19 Oklahoma United Methodist Foundations governing documents, conflict of interest policy, and financial statements are available for public inspection at its offfices. Summarized financial information is presented in the organizations annual report, which may be viewed on the Foundations website. Explanation of other changes in net assets or fund balances Part XI line 9 Other changes line is related to the $9,282 change in the present value of split-interest gift agreements and $307,051 transfers out for 2024. General explanation attachment The Oklahoma United Methodist Foundation, Inc. (OUMF) is a nonprofit, non-stock corporation organized and at all times thereafter operated exclusively for religious, charitable, and education purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. OUMF was formed in 1944 to hold, manage, and administer funds of member churches and related agencies and institutions of The Oklahoma Annual Conference of The United Methodist Church (the Oklahoma Conference), promote and receive gifts and bequests to such organizations, and use such gifts and bequests for the religious, charitable, and educational purposes of such organizations. OUMF was previously determined to be an affiliated religious organization by The United Methodist Church and was identified as such to the Internal Revenue Service. Accordingly, OUMF was included in the group tax exemption ruling (Group Ruling) issued by the Internal Revenue Service to the General Council on Finance and Administration of The United Methodist Church (GCFA) on October 16, 1974 (Group 2573). OUMF was not required to file a Form 990 under the Group Ruling. On June 11, 2020 OUMF obtained its own individual tax-exempt status determination letter requiring us to begin filing a Form 990. OUMF serves the Oklahoma Annual Conference of the UMC and charitable organizations with common bonds and convictions by (a) soliciting and managing endowment funds and acting as trustee of trusts for their benefit; (b) assisting congregations and institutions with their investments; (c) providing loans to congregations and related institutions; (d) making grants that support congregations, institutions, and causes; (e) assisting congregations with stewardship, development, and planned giving efforts.