Nonprofit · EIN 64-0507167
MISSISSIPPI UNITED METHODIST FOUNDATION INC
Tax-exempt · RIDGELAND, MS 39157
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,080,088 | $7,161,146 | -$2,081,058 | $169,480,247 | $113,522,605 | $55,957,642 |
| December 31, 2023 | 990 | $1,667,660 | $5,636,236 | -$3,968,576 | $148,715,980 | $98,554,819 | $50,161,161 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,055,645
- Program service revenue
- $149,710
- Investment income
- $3,813,552
- Net gain from sales of assets
- $2,059,716
- Other revenue
- $61,181
Expenses
- Grants and similar amounts paid
- $1,478,729
- Compensation of officers, directors and key employees
- $341,133
- Other salaries and wages
- $143,638
- Salaries, compensation and benefits (total)
- $616,861
- Professional fundraising fees
- $0
- Accounting fees
- $57,557
- Occupancy
- $48,082
- Travel
- $64,331
- Depreciation
- $82,186
- Program services (functional)
- $6,392,393
- Management and general (functional)
- $768,753
Balance sheet and other
- Total assets, start of year
- $148,715,980
- Total assets, end of year
- $169,480,247
- Total liabilities, end of year
- $113,522,605
- Net assets, end of year
- $55,957,642
- Land, buildings and equipment
- $1,654,588
- Net assets without donor restrictions
- $34,260,651
- Net assets with donor restrictions
- $21,696,991
- Gross receipts
- $15,380,909
- Employees
- 5
- Volunteers
- 30
- Year formed
- 1967
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REV JOHN BRANNING | EXECUTIVE DIRECTOR Officer | 40 | $107,360 | $94,822 |
| TODD D MARION | ASSOCIATE DIRECTOR/CFO Officer | 40 | $135,785 | $27,588 |
| BILLIE SPRABERRY | TREASURER Trustee or director, Officer | 40 | $97,988 | $26,448 |
| BEN WALTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES LEGGETT JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS BOONE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAN GIBSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL HERRING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BECKLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR ACIE WHITLOCK JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JOE N BAILEY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JOHN DAVID ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RON WHITEHEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY HOLIFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAN HITT | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| JIM MOSS | DIRECTOR Trustee or director | 1 | $0 |
| KELLY RILEY | DIRECTOR Trustee or director | 1 | $0 |
| LESTER MYERS | DIRECTOR Trustee or director | 1 | $0 |
| MATT TRUSTY | DIRECTOR Trustee or director | 1 | $0 |
| PAUL DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| REV JOHN MOORE | DIRECTOR Trustee or director | 1 | $0 |
| REV TIM PRATHER | DIRECTOR Trustee or director | 1 | $0 |
| REV ZACHARY BEASLEY | DIRECTOR Trustee or director | 1 | $0 |
| REV MITCHELL HEDGEPETH | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN COOK | DIRECTOR Trustee or director | 1 | $0 |
| TIM SISK | DIRECTOR Trustee or director | 1 | $0 |
| WALKER STURDIVANT | DIRECTOR Trustee or director | 1 | $0 |
| WESLEY PEPPER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REV JOHN BRANNING | EXECUTIVE DIRECTOR Officer | 40 | $102,464 | $85,695 |
| TODD D MARION | ASSOCIATE DIRECTOR/CFO Officer | 40 | $114,565 | $25,276 |
| BILLIE SPRABERRY | TREASURER Trustee or director, Officer | 40 | $95,152 | $25,927 |
| DR ACIE WHITLOCK JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN WALTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES LEGGETT JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JOE N BAILEY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN GIBSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BECKLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM SISK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HENRY HOLIFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WESLEY PEPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV JOE LANDRUM | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| JIM MOSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JOHN DAVID ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV JOHN MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY RILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESTER MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV AISLINN KOPP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS BOONE | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAN HITT | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| REV MITCHELL HEDGEPETH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RON WHITEHEAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV TIM PRATHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT TRUSTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALKER STURDIVANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV ZACHARY BEASLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 581 HIGHLAND COLONY PKWY, RIDGELAND, MS 39157-8784
- Principal officer (990 for 2024)
- DR TODD D MARION CPA, PO BOX 2415, RIDGELAND, MS 391582415
- Signed the 990
- DR TODD D MARION CPA, ASSOCIATE DIRECTOR/CFO
- Phone
- (601) 948-8845
- Website
- WWW.METHODISTFM.ORG
- Return prepared by
- MATTHEWS CUTRER & LINDSAY PA
Mission
THE FOUNDATION EXISTS TO CULTIVATE AND ADMINISTER CURRENT AND DEFERRED GIFTS FOR THE BENEFIT OF MS UNITED METHODIST RELATED INSTITUTIONS, AGENCIES, LOCAL CHURCHES, AND OTHER MINISTRIES FOR CHARITABLE PURPOSES AND SUPPORT AND TO EDUCATE THESE INSTITUTIONS IN CREATING A CULTURE OF GENEROSITY AND SOUND FINANCIAL PRACTICES.
Program accomplishments
- THE METHODIST FOUNDATION OF MISSISSIPPI AWARDED 132 SCHOLARSHIP AWARDS TOTALING $239,225. OF THESE AWARDS $199,225 WAS AWARDED TO UNDERGRADUATE STUDENTS AND $40,000 WAS AWARDED TO SEMINARY STUDENTS. AN ADDITIONAL $4,600 WAS AWARDED THROUGH THE GLOBAL BOARD OF HIGHER EDUCATION.Expenses $239,225 · grants $239,225
- THE METHODIST FOUNDATION OF MISSISSIPPI DISTRIBUTED FUNDS TO VARIOUS CHURCHES AND NONPROFITS TO FURTHER THEIR EXEMPT PURPOSE. DURING THE YEAR, THE ENDOWMENTS WERE DISTRIBUTED TOTALING MORE THAN $938,000 TO VARIOUS CHURCHES AND NONPROFITS TO FURTHER THEIR PURPOSES. THE FOUNDATION ADDED ADDITIONAL FUNDS TO INDIVIDUAL CHURCHES AND CLERGY IN FURTHERANCE OF THEIR EXEMPT PURPOSE AND MISSIONS. THE FOUNDATION ALSO PROVIDED SUPPORT TO THE DENOMINATIONAL CONFERENCE IN FURTHERANCE OF OUR EXEMPT PURPOSE.Expenses $1,239,504 · grants $1,239,504
- THE METHODIST FOUNDATION OF MISSISSIPPI PROVIDED INVESTMENT MANAGEMENT SERVICES FOR CHURCHES AND METHODIST AFFILIATES. THIS INCLUDES INVESTMENT DECISIONS, PURCHASES AND SALES, AS WELL AS, THE COLLECTION OF INVESTMENT INCOME AND ALLOCATION OF RETURNS. THE FOUNDATION PROVIDED GUIDANCE, LEADERSHIP, AND WORKSHOPS FOR CHURCH LEADERS AND COMMITTEES INCLUDING GENEROSITY, CHURCH AND INDIVIDUAL FINANCIAL MANAGEMENT, AND PLANNED GIVING. THE STAFF MET WITH MORE THAN 125 GROUPS PROVIDING GUIDANCE, LEADERSHIP, AND WORKSHOPS FOR CHURCH LEADERS AND COMMITTEES. 450 CHURCHES AND NONPROFIT ORGANIZATIONS ARE INVESTED IN THE FOUNDATION WITH 59 NEW ACCOUNTS IN 2024. $29,478,866 IN GIFTS AND DEPOSITS WAS RECEIVED DURING 2024 AND $21,934,884 WAS DISTRIBUTED FOR CHARITABLE PURPOSES.Expenses $4,913,664 · revenue $210,891
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0507167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X120)
- Assets (IRS master file)
- $169,480,247
- Income (IRS master file)
- $15,380,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,080,088 | $7,161,146 | $169,480,247 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,667,660 | $5,636,236 | $148,715,980 | XML |
| 990 | December 2022 | $6,271,287 | $2,978,623 | $134,579,449 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 64-0507167).
Questions about MISSISSIPPI UNITED METHODIST FOUNDATION INC
- What is the EIN of MISSISSIPPI UNITED METHODIST FOUNDATION INC?
- The employer identification number (EIN) of MISSISSIPPI UNITED METHODIST FOUNDATION INC is 64-0507167.
- Is MISSISSIPPI UNITED METHODIST FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to MISSISSIPPI UNITED METHODIST FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MISSISSIPPI UNITED METHODIST FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MISSISSIPPI UNITED METHODIST FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MISSISSIPPI UNITED METHODIST FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MISSISSIPPI UNITED METHODIST FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DR TODD D MARION CPA.
- Who are the officers and directors of MISSISSIPPI UNITED METHODIST FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 29 people; 3 received compensation from the organization, the highest $107,360 (REV JOHN BRANNING, EXECUTIVE DIRECTOR).
- How much revenue does MISSISSIPPI UNITED METHODIST FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,080,088, expenses of $7,161,146 and total assets of $169,480,247 at year end.
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