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United Methodist Senior Servicesfoundation FY2020 filing

Tax-deductible

The Woodlands, TX501(c)(3)Foundations & Grantmakers EIN 20-5992404Revenue $872K in FY2020

On file with the IRSmrcaff.org1440 Lake Front Cir Ste 140, 77380-3607 · The Woodlands, TXTax-exempt since Sep 2007Supporting organization — 509(a)(3)

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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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
37 mo
of spending, in cash
Plus $2.6M in investments, Pt X · Ln 11–13
Looks good: 37.4 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
$262K
5% of total assets
Looks good: liabilities are 5% 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
$872K
Spent
$661K
To programs
98%
Net assets
$4.6M
By yearFY2020–FY2024
Revenue
$872K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$872K
FY2021$1.4M
FY2022$1.2M
FY2023$1.3M
FY2024$2.3M
Expenses
$661K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$661K
FY2021$831K
FY2022$1.5M
FY2023$1.6M
FY2024$1.5M
Net assets
$4.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.6M
FY2021$5.2M
FY2022$4.2M
FY2023$4.1M
FY2024$5.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $648K Management & general 2% · $13K

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

25 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $648K · in their own filed words · FY2020
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…

$648Kprogram expense

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
Episcopal Seniors FoundationFY2020$10K
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
Methodist Retirement CommunitiesTX · FY2024$102,023
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
Methodist Retirement CommunitiesTX · FY2023$108,620
Mrc PinecrestTX · FY2023$75,159
Mrc the CrossingsFY2023$40,221
Mrc MiradorTX · FY2023$34,453
See all 44 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$872K
Ln 12
Gifts and grantsLn 1h$809K
Investment incomeLn 3$63K
Money outPt IX
$661K
Ln 25
Programscol B$648K
Managementcol C$13K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$4.9M
LiabilitiesLn 26$262K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$809K
Investment incomeLn 3$63K
Gains on assetsLn 7$15K
Total revenueLn 12$872K
Assets in detailPt X, end of year
CashLn 1$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$2.6M
Total assetsLn 16$4.9M
LiabilitiesLn 26$262K
Net assetsLn 32$4.6M
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 FY20End FY20
Cash and savingsLn 1–2$1.9M$2.1M
InvestmentsLn 11–13$2.4M$2.6M
Total assetsLn 16$4.5M$4.9M
LiabilitiesLn 26$260K$262K
Net assetsLn 32$4.3M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$646K$646K
Accounting feesLn 11c$2K$628$2K
Investment management feesLn 11f$2K$421$1K
Office expensesLn 13$2K$399$1K
Information technologyLn 14$7K$419$7K
TravelLn 17$134$12$122
Other expenses (24a–d)Ln 24$2K$132$2K
Total functional expensesLn 25$661K$648K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $872K$661K$211K$4.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $871,696 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $953,667$808,849
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $64,201$62,847
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,017,868$871,696
I-13 Grants and similar amounts paidPrior year $549,215$645,643
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,041$15,353
I-18 Total expensesPrior year $569,256$660,996
I-19 Revenue less expensesPrior year $448,612$210,700
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $871,696 across 5 lines filed
VIII-1f All other contributions, gifts and grants$808,849
VIII-1h Total contributions, gifts and grants$808,849
VIII-3 Investment incomeExcluded from tax $47,900$47,900
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,947$14,947
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $62,847$871,696
Part IX · Statement of functional expenses $660,996 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $645,643$645,643
IX-11c Accounting feesPrograms $628 · Management $1,872$2,500
IX-11f Investment management feesPrograms $421 · Management $1,257$1,678
IX-13 Office expensesPrograms $399 · Management $1,164$1,563
IX-14 Information technologyPrograms $419 · Management $6,728$7,147
IX-17 TravelPrograms $12 · Management $122$134
IX-24 Other expenses (24a–d)Programs $132 · Management $2,199$2,331
IX-25 Total functional expensesPrograms $647,654 · Management $13,342 · Fundraising $0$660,996
Part X · Balance sheet $4,911,605 assets, 12 lines filed
Asset lines not itemized here account for $250,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,900,055$2,060,086
X-4 Accounts receivableStart of year $25,745$0
X-9 Prepaid expenses and deferred chargesStart of year $3,616$3,530
X-11 Publicly traded securitiesStart of year $2,356,537$2,597,989
X-16 Total assetsStart of year $4,535,953$4,911,605
X-17 Accounts payable and accrued expensesStart of year $218,498$217,970
X-24 Unsecured notes and loans payableStart of year $41,502$44,303
X-26 Total liabilitiesStart of year $260,000$262,273
X-27 Net assets without donor restrictionsStart of year $1,695,684$1,965,358
X-28 Net assets with donor restrictionsStart of year $2,580,269$2,683,974
X-32 Total net assets or fund balancesStart of year $4,275,953$4,649,332
X-33 Total liabilities and net assetsStart of year $4,535,953$4,911,605
Part XI · Reconciliation of net assets $4,649,332 net assets at year end
XI-1 Total revenue$871,696
XI-2 Total expenses$660,996
XI-3 Revenue less expenses$210,700
XI-4 Net assets at start of year$4,275,953
XI-5 Net unrealized gains (losses) on investments$162,679
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,649,332

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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