Nonprofit · EIN 71-0525462
THE METHODIST FOUNDATION FOR ARKANSAS
Tax-exempt · LITTLE ROCK, AR 72211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,749,250 | $3,502,468 | $3,246,782 | $226,412,419 | $117,480,507 | $108,931,912 |
| December 31, 2023 | 990 | $6,030,554 | $3,605,185 | $2,425,369 | $217,049,129 | $112,479,188 | $104,569,941 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,425,042
- Program service revenue
- $1,282,712
- Investment income
- $3,041,496
- Net gain from sales of assets
- $2,035,180
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,546,384
- Compensation of officers, directors and key employees
- $503,500
- Other salaries and wages
- $535,967
- Salaries, compensation and benefits (total)
- $1,302,975
- Professional fundraising fees
- $0
- Legal fees
- $6,300
- Accounting fees
- $15,750
- Occupancy
- $112,975
- Travel
- $66,133
- Depreciation
- $127,768
- Program services (functional)
- $1,546,384
- Management and general (functional)
- $1,568,491
- Fundraising (functional)
- $387,593
Balance sheet and other
- Total assets, start of year
- $217,049,129
- Total assets, end of year
- $226,412,419
- Total liabilities, end of year
- $117,480,507
- Net assets, end of year
- $108,931,912
- Land, buildings and equipment
- $3,321,688
- Publicly traded securities
- $213,215,700
- Net assets without donor restrictions
- $5,990,068
- Net assets with donor restrictions
- $102,941,844
- Gross receipts
- $10,723,205
- Employees
- 11
- Volunteers
- 0
- Year formed
- 1963
- State of legal domicile
- AR
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 J Wayne Clark | President and CEO Key employee | 40 | $220,500 | $40,603 |
| Mr Clarence E Trice | Senior Vice President and CFO Key employee | 40 | $172,600 | $35,910 |
| Rev Lynn Kilbourne | Director of Development Key employee | 40 | $110,400 | $19,814 |
| Rev Andrea Cummings | Board of directors Trustee or director | 0 | $0 | $0 |
| Dr Debby Fiser | Board of directors Trustee or director | 0 | $0 | $0 |
| Rev JJ Galloway | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Sam Gibson | Board of directors - Chairperson Trustee or director, Officer | 5 | $0 | $0 |
| Rev Phil Hathcock | Board of directors - secretary Trustee or director | 0 | $0 | $0 |
| Mr Bert Kell | Board of directors - vice chairperson Trustee or director | 0 | $0 | $0 |
| Mr Bill Kincaid | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Eddie Martin | Board of directors Trustee or director | 0 | $0 | $0 |
| Rev Ronnie Miller-Yow | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Gary Nutter | Board of directors Trustee or director | 0 | $0 | $0 |
| Ms Loria Oliver | Board of directors Trustee or director | 0 | $0 | $0 |
| Mrs Jill Penick | Board of directors Trustee or director | 0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mrs Jan Pugh | Board of directors Trustee or director | 0 | $0 |
| Rev Bud Reeves | Board of directors Trustee or director | 0 | $0 |
| Rev Judy Rudd | Board of directors Trustee or director | 0 | $0 |
| Mr Steve Shults | Board of directors Trustee or director | 0 | $0 |
| Mr Dewitt Smith | Board of directors Trustee or director | 0 | $0 |
| Dr Calvin White | Board of directors Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rev J Wayne Clark | President and CEO Key employee, Highest-paid employee | 40 | $212,100 | $39,724 |
| Mr Clarence E Trice | Senior Vice President and CFO Key employee, Highest-paid employee | 40 | $166,000 | $34,424 |
| Rev Lynn Kilbournte | Director of Development Highest-paid employee | 40 | $106,100 | $19,040 |
| Rev Andrea Cummings | Board of directors Trustee or director | 0 | $0 | $0 |
| Dr Debby Fiser | Board of directors Trustee or director | 0 | $0 | $0 |
| Rev JJ Galloway | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Sam Gibson | Board of directors - Chairperson Trustee or director, Officer | 5 | $0 | $0 |
| Rev Phil Hathcock | Board of directors - secretary Trustee or director | 0 | $0 | $0 |
| Mr Bert Kell | Board of directors - vice chairperson Trustee or director | 0 | $0 | $0 |
| Mr Bill Kincaid | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Eddie Martin | Board of directors Trustee or director | 0 | $0 | $0 |
| Rev Ronnie Miller-Yow | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Gary Nutter | Board of directors Trustee or director | 0 | $0 | $0 |
| Ms Loria Oliver | Board of directors Trustee or director | 0 | $0 | $0 |
| Mrs Jill Penick | Board of directors Trustee or director | 0 | $0 | $0 |
| Mrs Jan Pugh | Board of directors Trustee or director | 0 | $0 | $0 |
| Rev Judy Rudd | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Steve Shults | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Dewitt Smith | Board of directors Trustee or director | 0 | $0 | $0 |
| Mr Eddie Walker | Board of directors Trustee or director | 0 | $0 | $0 |
| Dr Calvin White | Board of directors Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 WELLINGTON VILLAGE RD, LITTLE ROCK, AR 72211-2294
- In care of
- % REV J WAYNE CLARK
- Principal officer (990 for 2024)
- Rev J Wayne Clark, 601 Wellington Village Rd, LITTLE ROCK, AR 722112294
- Signed the 990
- Clarence E Trice, Methodist Foundation for Arkansas
- Phone
- (501) 664-8632
- Website
- methodistfoundationar.org
Mission
The mission of The Methodist Foundation for Arkansas is to establish and manage charitable funds to strengthen and expand Methodist ministries across Arkansas.
Program accomplishments
- Provided funds to the Arkansas Annual Conference of the United Methodist Church and various churches within the Conference for programs advancing the United Methodist Church and its ministries.Expenses $417,569 · grants $417,569
- Provided funds to Mt. Eagle Retreat Center to further its ministry including campground improvements.Expenses $65,000 · grants $65,000
- Provided funds to Hendrix College for scholarship fundingExpenses $50,000 · grants $50,000
- Provided funds to various nonprofit entities in an effort to strengthen and expand the relevance of the Methodist Church in Arkansas by providing financial assistance and support for innovative and creative ministries.Expenses $1,013,815 · grants $1,013,815
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
- 71-0525462
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21)
- Assets (IRS master file)
- $226,412,419
- Income (IRS master file)
- $10,723,205
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,749,250 | $3,502,468 | $226,412,419 | XML |
| 990 | December 2023 | $6,030,554 | $3,605,185 | $217,049,129 | XML |
| 990 | December 2022 | $8,307,370 | $3,618,153 | $198,653,001 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 71-0525462).
Questions about THE METHODIST FOUNDATION FOR ARKANSAS
- What is the EIN of THE METHODIST FOUNDATION FOR ARKANSAS?
- The employer identification number (EIN) of THE METHODIST FOUNDATION FOR ARKANSAS is 71-0525462.
- Is THE METHODIST FOUNDATION FOR ARKANSAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE METHODIST FOUNDATION FOR ARKANSAS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE METHODIST FOUNDATION FOR ARKANSAS 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 THE METHODIST FOUNDATION FOR ARKANSAS 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 THE METHODIST FOUNDATION FOR ARKANSAS 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 THE METHODIST FOUNDATION FOR ARKANSAS?
- The 990 for the year ended December 31, 2024 names Rev J Wayne Clark.
- Who are the officers and directors of THE METHODIST FOUNDATION FOR ARKANSAS?
- The 990 for the year ended December 31, 2024 lists 21 people; 3 received compensation from the organization, the highest $220,500 (Rev J Wayne Clark, President and CEO).
- How much revenue does THE METHODIST FOUNDATION FOR ARKANSAS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,749,250, expenses of $3,502,468 and total assets of $226,412,419 at year end.
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