United Methodist Higher Education Foundation

Tax-deductible

Nashville, TN501(c)(3)EducationEIN 23-7077869Revenue $3.7M in FY2024

On file with the IRSumhef.org60 Music Sq E Ste 350, 37203-4414 · Nashville, TNTax-exempt since Apr 1970Publicly supported charity — 170(b)(1)(A)(vi)

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Umhef provides on average in excess of 2 million in scholarship funding through its collaborative programs. In pursuit of that goal, the Foundation hosts endowment fundraising events and programs to raise scholarship dollars.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 40 volunteers and 6 employees.
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
1 of 5
filings with a surplus
Average deficit $301K a year · 13% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$184K
to officers and key staff · 6% of spending
Top officer’s pay higher than 55% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$459K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
+57% vs prior year
Spent
$2.9M
To programs
71%
Net assets
$63.6M
By yearFY2020–FY2024
Revenue
$3.7M
FY2024▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.4M
FY2022$2.0M
FY2023$2.4M
FY2024$3.7M
Expenses
$2.9M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.4M
FY2023$2.7M
FY2024$2.9M
Net assets
$63.6M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$66.5M
FY2021$69.9M
FY2022$55.9M
FY2023$61.3M
FY2024$63.6M

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 Apr 1970.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $2.0M Management & general 14% · $396K Fundraising 16% · $445K

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

30 people listed on the 990; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation
Prior Presid
$133,847Pt VII · Sec A
President/Ce
$49,792Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert F Fletcher’s $134K as Prior Presid is at the 55th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert R Fletcher—$128,190$132,872$134,582$137,408
Robert F Fletcher$133,847————
Philip D Jamieson$49,792————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See United Methodist Higher Education Foundation 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 15aYes

Programs and updates

Awards over $2 million in scholarships annually through fundraising events.

Questions for United Methodist Higher Education Foundation

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2024
01

United methodist dollars for scholars provides matching scholarships for students attending united methodist-related institutions. Local united methodist churches provide 1,000 to a member student (totaling 419,000 in 2024), the united methodist higher education foundation matches each student's 1,000, and in most instances the united…

$2.0Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 21 grants · $6.3M · 2020–2024
Unitemized GrantFY2024$664,867
Unitemized GrantFY2024$419,000
Unitemized GrantFY2024$90,000
Unitemized GrantFY2024$45,000
Unitemized GrantFY2023$696,949
Unitemized GrantFY2023$411,000
Unitemized GrantFY2023$117,000
Unitemized GrantFY2023$45,000
Unitemized GrantFY2022$549,195
Unitemized GrantFY2022$468,000
Unitemized GrantFY2022$111,000
Unitemized GrantFY2022$45,000
Unitemized GrantFY2022$2,000
Unitemized GrantFY2021$568,000
Unitemized GrantFY2021$561,159
Unitemized GrantFY2021$117,000
Unitemized GrantFY2021$50,000
Unitemized GrantFY2021$2,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Investment incomeLn 3$3.2M
Gifts and grantsLn 1h$563K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.0M
Managementcol C$396K
Fundraisingcol D$445K
Owns and owesPt X
$63.6M
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$64.1M
LiabilitiesLn 26$459K
PeoplePt VI, VII
30
listed · VII A
PaidVII A2
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$563K
Investment incomeLn 3$3.2M
Gains on assetsLn 7$1.8M
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$272K
Cash and savings togetherLn 1–2$272K
InvestmentsLn 11–13$63.3M
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$341K
Total assetsLn 16$64.1M
LiabilitiesLn 26$459K
Net assetsLn 32$63.6M
OperationsPt I, VI
EmployeesI 56
VolunteersI 640
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$337K$272K
InvestmentsLn 11–13$61.0M$63.3M
Land, buildings, equipmentLn 10c$14K$15K
Total assetsLn 16$61.9M$64.1M
LiabilitiesLn 26$531K$459K
Net assetsLn 32$61.3M$63.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$322K$96K$64K$161K
Other salaries and wagesLn 7$392K$189K$112K$91K
Pension plan contributionsLn 8$84K$34K$21K$30K
Other employee benefitsLn 9$114K$45K$28K$40K
Payroll taxesLn 10$27K$11K$7K$9K
Legal feesLn 11b$91$91
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$18K$18K
Advertising and promotionLn 12$16K$9K$2K$5K
Office expensesLn 13$53K$15K$12K$27K
Information technologyLn 14$35K$19K$7K$9K
OccupancyLn 16$130K$34K$78K$17K
TravelLn 17$52K$16K$11K$25K
Conferences, conventions and meetingsLn 19$55K$22K$14K$19K
Depreciation, depletion and amortizationLn 22$5K$2K$1K$2K
InsuranceLn 23$19K$4K$12K$2K
Other expenses (24a–d)Ln 24$301K$286K$8K$7K
Total functional expensesLn 25$2.9M$2.0M$396K$445K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.7M$2.9M$883K$63.6M 990 PDF
FY2023 $2.4M$2.7M−$345K$61.3M 990 PDF
FY2022 $2.0M$2.4M−$356K$55.9M 990 PDF
FY2021 $1.4M$2.4M−$1.0M$69.9M 990 PDF
FY2020 $1.8M$2.4M−$658K$66.5M 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 (6 parts)
Part I · Summary $3,744,288 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $374,121$562,697
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,014,972$3,181,591
I-11 Other revenuePrior year $2,154$0
I-12 Total revenuePrior year $2,391,247$3,744,288
I-13 Grants and similar amounts paidPrior year $1,269,949$1,218,867
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $799,619$938,041
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $666,809$704,635
I-18 Total expensesPrior year $2,736,377$2,861,543
I-19 Revenue less expensesPrior year −$345,130$882,745
Part VI · Governance 27 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,744,288 across 5 lines filed
VIII-1f All other contributions, gifts and grants$562,697
VIII-1h Total contributions, gifts and grants$562,697
VIII-3 Investment incomeExcluded from tax $1,376,292$1,376,292
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,805,299$1,805,299
VIII-12 Total revenueExcluded from tax $3,181,591$3,744,288
Part IX · Statement of functional expenses $2,861,543 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,218,867$1,218,867
IX-5 Pay of current officers, directors and key staffPrograms $96,490 · Management $64,326 · Fundraising $160,816$321,632
IX-7 Other salaries and wagesPrograms $188,655 · Management $112,059 · Fundraising $90,971$391,685
IX-8 Pension plan contributionsPrograms $33,690 · Management $20,840 · Fundraising $29,749$84,279
IX-9 Other employee benefitsPrograms $45,418 · Management $28,095 · Fundraising $40,105$113,618
IX-10 Payroll taxesPrograms $10,724 · Management $6,634 · Fundraising $9,469$26,827
IX-11b Legal feesManagement $91$91
IX-11c Accounting feesManagement $19,280$19,280
IX-11f Investment management feesPrograms $18,464$18,464
IX-12 Advertising and promotionPrograms $8,845 · Management $1,892 · Fundraising $5,361$16,098
IX-13 Office expensesPrograms $14,947 · Management $11,846 · Fundraising $26,615$53,408
IX-14 Information technologyPrograms $18,619 · Management $6,648 · Fundraising $9,345$34,612
IX-16 OccupancyPrograms $34,426 · Management $78,332 · Fundraising $16,963$129,721
IX-17 TravelPrograms $16,053 · Management $10,610 · Fundraising $25,259$51,922
IX-19 Conferences, conventions and meetingsPrograms $22,246 · Management $13,780 · Fundraising $19,369$55,395
IX-22 Depreciation, depletion and amortizationPrograms $2,152 · Management $1,331 · Fundraising $1,900$5,383
IX-23 InsurancePrograms $4,259 · Management $12,480 · Fundraising $2,434$19,173
IX-24 Other expenses (24a–d)Programs $286,362 · Management $8,172 · Fundraising $6,554$301,088
IX-25 Total functional expensesPrograms $2,020,217 · Management $396,416 · Fundraising $444,910$2,861,543
Part X · Balance sheet $64,085,514 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $336,703$272,210
X-4 Accounts receivable$100,937
X-9 Prepaid expenses and deferred chargesStart of year $35,741$38,445
X-10c Land, buildings and equipment, netStart of year $14,463$14,538
X-11 Publicly traded securitiesStart of year $61,030,900$63,318,815
X-15 Other assetsStart of year $448,872$340,569
X-16 Total assetsStart of year $61,866,679$64,085,514
X-17 Accounts payable and accrued expensesStart of year $251,455$295,729
X-25 Other liabilitiesStart of year $279,967$163,229
X-26 Total liabilitiesStart of year $531,422$458,958
X-27 Net assets without donor restrictionsStart of year $29,516,195$30,549,371
X-28 Net assets with donor restrictionsStart of year $31,819,062$33,077,185
X-32 Total net assets or fund balancesStart of year $61,335,257$63,626,556
X-33 Total liabilities and net assetsStart of year $61,866,679$64,085,514
Part XI · Reconciliation of net assets $63,626,556 net assets at year end
XI-1 Total revenue$3,744,288
XI-2 Total expenses$2,861,543
XI-3 Revenue less expenses$882,745
XI-4 Net assets at start of year$61,335,257
XI-5 Net unrealized gains (losses) on investments$1,408,645
XI-6 Donated services and use of facilities$3,771
XI-7 Investment expenses−$3,862
XI-10 Net assets at end of year$63,626,556

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

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