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Nonprofit · EIN 75-1717845

LOVERS LANE UNITED METHODIST CHURCHFOUNDATION

Tax-exempt · DALLAS, TX 75220

Financials

$883K$1.4M2023$1.5M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of LOVERS LANE UNITED METHODIST CHURCHFOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,491,855$1,316,915$174,940$26,811,381$6,410,305$20,401,076
December 31, 2023990$883,468$1,380,190-$496,722$28,085,625$8,670,539$19,415,086
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$401,311
Program service revenue
$33,216
Investment income
$1,057,328
Net gain from sales of assets
$562,415
Other revenue
$0

Expenses

Grants and similar amounts paid
$906,921
Compensation of officers, directors and key employees
$127,524
Other salaries and wages
$68,762
Salaries, compensation and benefits (total)
$207,676
Professional fundraising fees
$0
Accounting fees
$41,102
Occupancy
$4,140
Travel
$122
Program services (functional)
$994,409
Management and general (functional)
$203,314
Fundraising (functional)
$119,192

Balance sheet and other

Total assets, start of year
$28,085,625
Total assets, end of year
$26,811,381
Total liabilities, end of year
$6,410,305
Net assets, end of year
$20,401,076
Publicly traded securities
$15,205,684
Net assets without donor restrictions
$4,376,601
Net assets with donor restrictions
$16,024,475
Gross unrelated business income
$2,816
Gross receipts
$8,944,812
Employees
2
Volunteers
40
Year formed
1980
State of legal domicile
TX

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.

NameTitleHours / weekCompensationOther / benefits
PAUL DITTOEXECUTIVE DI
Officer
50$113,028$14,496
ANNE ARNESONCHAIR/DIRECT
Trustee or director, Officer
2$0$0
CASSIDY BAIRDSECRETARY/DI
Trustee or director, Officer
2$0$0
MARK LANYONINV. CHAIR/D
Trustee or director, Officer
2$0$0
JIM BENTLEYDEV CO-CHAIR
Trustee or director, Officer
2$0$0
DARDEN MCFARLINTREASURER/DI
Trustee or director, Officer
2$0$0
BRAD HOLCOMBVICE CHAIR/D
Trustee or director, Officer
2$0$0
ROYANNE KERREVENTS CO-CH
Trustee or director, Officer
2$0$0
CECILLE LIJAUCOEVENTS CO-CH
Trustee or director, Officer
2$0$0
GERALD BOXDIRECTOR
Trustee or director
1$0$0
JB BRILLDIRECTOR
Trustee or director
1$0$0
UEL CROSBYDIRECTOR
Trustee or director
1$0$0
RICK HERRICKDIRECTOR
Trustee or director
1$0$0
DOUG HUGHESDIRECTOR
Trustee or director
1$0$0
SHEILA MCLAUCHLINDIRECTOR
Trustee or director
1$0$0
4 more people on this return
NameTitleHours / weekCompensation
BOB RICHARDSONDIRECTOR
Trustee or director
1$0
MELISSA STALLINGSDIRECTOR
Trustee or director
1$0
DENNIS STREETDIRECTOR
Trustee or director
1$0
ANNE TODDDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
PAUL DITTOEXECUTIVE DI
Officer
50$120,922$14,167
ANNE ARNESONCHAIR/DIRECT
Trustee or director, Officer
2$0$0
CASSIDY BAIRDSECRETARY/DI
Trustee or director, Officer
2$0$0
MARK LANYONINVESTMENTS
Trustee or director, Officer
2$0$0
JIM BENTLEYDEV CO-CHAIR
Trustee or director, Officer
2$0$0
DARDEN MCFARLINTREASURER/DI
Trustee or director, Officer
2$0$0
BRAD HOLCOMBVICE CHAIR/D
Trustee or director, Officer
2$0$0
ROYANNE KERREVENTS CO-CH
Trustee or director, Officer
2$0$0
CECILLE LIJAUCOEVENTS CO-CH
Trustee or director, Officer
2$0$0
GERALD BOXDIRECTOR
Trustee or director
1$0$0
JB BRILLDIRECTOR
Trustee or director
1$0$0
UEL CROSBYDIRECTOR
Trustee or director
1$0$0
RICK HERRICKDIRECTOR
Trustee or director
1$0$0
DOUG HUGHESDIRECTOR
Trustee or director
1$0$0
SHEILA MCLAUCHLINDIRECTOR
Trustee or director
1$0$0
BOB RICHARDSONDIRECTOR
Trustee or director
1$0$0
MELISSA STALLINGSDIRECTOR
Trustee or director
1$0$0
DENNIS STREETDIRECTOR
Trustee or director
1$0$0
ANNE TODDDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
9200 INWOOD RD, DALLAS, TX 75220-3901
In care of
% PAUL DITTO
Principal officer (990 for 2024)
PAUL DITTO, 9200 INWOOD ROAD, DALLAS, TX 75220
Signed the 990
PAUL DITTO, EXECUTIVE DIRECTOR
Phone
(214) 706-9561
Return prepared by
SOMMERVILLE & ASSOCIATES PC

Mission

TO BUILD A FINANCIAL CORNERSTONE IN SUPPORT OF LOVERS LANE UNITED METHODIST CHURCH AND ITS MISSION, OUTREACH AND EVANGELISM.

990 for the year ended December 31, 2024

Program accomplishments

  • THE LOVERS LANE UNITED METHODIST CHURCH FOUNDATION (THE "FOUNDATION") EXISTS SOLELY TO SUPPORT LOVERS LANE UNITED METHODIST CHURCH (THE "CHURCH") AND ITS MINISTRIES ("MINISTRIES"), THROUGH THE RECEIPT OF CONTRIBUTIONS TO ONE OR MORE ENDOWMENT FUNDS HELD BY THE FOUNDATION, WHICH ARE INVESTED AND THE INCOME AND GAINS FROM SUCH INVESTMENTS ARE USED TO MAKE DISTRIBUTIONS TO THE CHURCH, ITS MINISTRIES OR INDIVIDUALS SERVED BY THE CHURCH OR ITS MINISTRIES. 2024 WAS A GREAT YEAR FOR THE FOUNDATION. TOTAL ASSETS REMAIN AT THE HIGHEST LEVELS (MORE THAN 26M). OUR DISTRIBUTIONS OR GRANTS TO THE CHURCH AND ITS MINISTRIES HAVE GROWN FROM APPROXIMATELY 440,000 IN 2019 TO ALMOST 1 MILLION IN 2024. BELOW ARE EXAMPLES OF HOW THE FOUNDATION HAS SUPPORTED OUR CHURCH WITH GRANTS IN 2024 (ROUNDED TO NEAREST APPROXIMATE NUMBER): FACILITIES 521,000 CHURCH INTEREST CARRY 88,000 WALNUT HILL CHURCH 37,000 BENEVOLENCE 26,000 12TH STEP MINISTRY 18,000 ARTREACH GALLERY 13,000 DEAF MINISTRIES 12,000 CHILDREN MINISTRIES 3,000 12 STEP HOUSE OF HOPE 100,000 KENYA MISSIONS/SCHOLARSHIPS 84,000 CHURCH TECH UPGRADES 28,000 LECTURE SERIES 30,000 FAMILY MINISTRIES 14,000 MUSIC MINISTRY 13,000 MISSION/OUTREACH/CARE 6,000 PRISON MINISTRY 2,500 AS OF 12-31-2024 THE FOUNDATION'S ENDOWMENT FUNDS TOTALED MORE THAN 20M. ADDITIONALLY, THE FOUNDATION HOLDS AND INVESTS FUNDS ON BEHALF OF THE CHURCH AND ITS 501(C)(3) SUBSIDIARIES, TOTALING MORE THAN 6 MILLION. THE FOUNDATION IS MORE THAN JUST A SERIES OF ENDOWMENT TRUSTS -- IT IS LITERALLY THE FOUNDATION UPON WHICH MUCH OF THE FINANCES OF OUR CHURCH AND ITS MINISTRIES DEPEND. OUR CONGREGATION HAS MADE THE CHURCH PART OF THEIR LIVES -- THE FOUNDATION IS THEIR OPPORTUNITY TO MAKE THE CHURCH PART OF THEIR LEGACY.
    Expenses $994,409 · grants $906,921 · revenue $33,216

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1717845
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
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$26,811,381
Income (IRS master file)
$8,944,812

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,491,855$1,316,915$26,811,381XML
990-TDecember 2024–––IRS
990December 2023$883,468$1,380,190$28,085,625XML
990-TDecember 2023–––IRS
990December 2022$836,601$1,025,385$23,286,111IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-1717845).

Questions about LOVERS LANE UNITED METHODIST CHURCHFOUNDATION

What is the EIN of LOVERS LANE UNITED METHODIST CHURCHFOUNDATION?
The employer identification number (EIN) of LOVERS LANE UNITED METHODIST CHURCHFOUNDATION is 75-1717845.
Is LOVERS LANE UNITED METHODIST CHURCHFOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to LOVERS LANE UNITED METHODIST CHURCHFOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LOVERS LANE UNITED METHODIST CHURCHFOUNDATION 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 LOVERS LANE UNITED METHODIST CHURCHFOUNDATION 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 LOVERS LANE UNITED METHODIST CHURCHFOUNDATION 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 LOVERS LANE UNITED METHODIST CHURCHFOUNDATION?
The 990 for the year ended December 31, 2024 names PAUL DITTO.
Who are the officers and directors of LOVERS LANE UNITED METHODIST CHURCHFOUNDATION?
The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $113,028 (PAUL DITTO, EXECUTIVE DI).
How much revenue does LOVERS LANE UNITED METHODIST CHURCHFOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,491,855, expenses of $1,316,915 and total assets of $26,811,381 at year end.

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