United Methodist Senior Servicesfoundation

Tax-deductible

The Woodlands, TX501(c)(3)Foundations & GrantmakersEIN 20-5992404

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The mrc foundation supports mrc and its affiliates in accomplishing their commitment to quality living for Senior adults in faith-based environments. The foundation assists by fundraising for benevolent assistance to aid those in need within the mrc system, capital campaigns for new redevelopment and refurbishment projects; and a variety of programs and services offered by mrc and its affiliates toward supporting the dignity, independence and quality of life for the Senior residents being served.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $215K a year · 15% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+82% vs prior year
Spent
$1.5M
To programs
98%
Net assets
$5.1M
By yearFY2020–FY2024
Revenue
$2.3M
FY2024▲ +82%
Revenue by fiscal year
FY2020$872K
FY2021$1.4M
FY2022$1.2M
FY2023$1.3M
FY2024$2.3M
Expenses
$1.5M
FY2024▼ -8%
Expenses by fiscal year
FY2020$661K
FY2021$831K
FY2022$1.5M
FY2023$1.6M
FY2024$1.5M
Net assets
$5.1M
FY2024▲ +24%
Net assets by fiscal year
FY2020$4.6M
FY2021$5.2M
FY2022$4.2M
FY2023$4.1M
FY2024$5.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.4M Management & general 2% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See United Methodist Senior Servicesfoundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraises to support senior adults in faith-based environments with benevolent aid and facility improvements.

Provided by the organization

This section is blank until United Methodist Senior Servicesfoundation claims this page.

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1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

The foundation received, invested, and administered gifts to MRC affiliates so the supported organizations could provide nursing care assistance to its RESIDENTS.THE foundation assists by fundraising for benevolent assistance to aid those in need within the MRC system, capital campaigns for new redevelopment and refurbishment projects…

$1.4Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$10K
Grants paid · 44 grants · $5.5M · 2020–2024
Mrc CornerstoneTX · FY2024$492,278
Mrc TowncreekTX · FY2024$219,291
Mrc CrestviewTX · FY2024$185,071
Mrc PinecrestTX · FY2024$169,614
Happy Harbor Senior HousingTX · FY2024$78,178
Mrc the LangfordTX · FY2024$41,371
Mrc the CrossingsTX · FY2024$28,524
Mrc Stevenson OaksTX · FY2024$25,834
Mrc MiradorTX · FY2024$14,051
Mrc CornerstoneTX · FY2023$761,649
Mrc CrestviewTX · FY2023$195,318
Mrc TowncreekTX · FY2023$125,217
Mrc the LangfordTX · FY2023$118,488
Mrc PinecrestTX · FY2023$75,159
Mrc the CrossingsFY2023$40,221
Mrc MiradorTX · FY2023$34,453
See all 44 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$215K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$29K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$958K
Total assetsLn 16$5.3M
LiabilitiesLn 26$161K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$215K
Gains on assetsLn 7$30K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$958K
Cash and savings togetherLn 1–2$958K
InvestmentsLn 11–13$4.0M
Other assetsLn 15$3K
Total assetsLn 16$5.3M
LiabilitiesLn 26$161K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$248K$958K
InvestmentsLn 11–13$3.8M$4.0M
Total assetsLn 16$4.3M$5.3M
LiabilitiesLn 26$175K$161K
Net assetsLn 32$4.1M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$7K$4K$3K
Information technologyLn 14$2K$140$2K
TravelLn 17$2K$283$2K
Other expenses (24a–d)Ln 24$2K$232$1K
Total functional expensesLn 25$1.5M$1.4M$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.3M$1.5M$835K$5.1M 990 PDF
FY2023 $1.3M$1.6M−$322K$4.1M 990 PDF
FY2022 $1.2M$1.5M−$259K$4.2M 990 PDF
FY2021 $1.4M$831K$609K$5.2M 990 PDF
FY2020 $872K$661K$211K$4.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,285,241 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,069,905
VIII-1h Total contributions, gifts and grants$2,069,905
VIII-3 Investment incomeExcluded from tax $185,349$185,349
VIII-7 Net gain or loss on sales of assetsExcluded from tax $29,987$29,987
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $215,336$2,285,241
Part IX · Statement of functional expenses $1,450,553 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $1,417,168$1,417,168
IX-11b Legal feesManagement $1,092$1,092
IX-11c Accounting feesManagement $3,356$3,356
IX-11f Investment management feesManagement $1,710$1,710
IX-12 Advertising and promotionManagement $13,995$13,995
IX-13 Office expensesPrograms $4,087 · Management $2,790$6,877
IX-14 Information technologyPrograms $140 · Management $2,198$2,338
IX-17 TravelPrograms $283 · Management $2,131$2,414
IX-24 Other expenses (24a–d)Programs $232 · Management $1,371$1,603
IX-25 Total functional expensesPrograms $1,421,910 · Management $28,643 · Fundraising $0$1,450,553
Part X · Balance sheet $5,260,093 assets, 11 lines filed
Asset lines not itemized here account for $250,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $247,830$958,385
X-9 Prepaid expenses and deferred chargesStart of year $2,139$5,006
X-11 Publicly traded securitiesStart of year $3,770,055$4,043,455
X-15 Other assetsStart of year $27,456$3,247
X-16 Total assetsStart of year $4,297,480$5,260,093
X-17 Accounts payable and accrued expensesStart of year $161,248$161,353
X-26 Total liabilitiesStart of year $174,614$161,353
X-27 Net assets without donor restrictionsStart of year $1,834,066$2,151,653
X-28 Net assets with donor restrictionsStart of year $2,288,800$2,947,087
X-32 Total net assets or fund balancesStart of year $4,122,866$5,098,740
X-33 Total liabilities and net assetsStart of year $4,297,480$5,260,093
Part XI · Reconciliation of net assets $5,098,740 net assets at year end
XI-1 Total revenue$2,285,241
XI-2 Total expenses$1,450,553
XI-3 Revenue less expenses$834,688
XI-4 Net assets at start of year$4,122,866
XI-5 Net unrealized gains (losses) on investments$141,186
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,098,740

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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