Soumc Endowment Foundation EIN 31-1591377 Form 990 (PDF) Claim this org

Soumc Endowment Foundation FY2020 filing

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Funds church building upkeep, local and global Methodist missions. For fiscal year 2020 it reported $30K in revenue, $27K in expenses, and $712K in net assets.Pt I

Type
Supporting organization · Community Development
Location
Sherman Oaks, CA
Filings
6 on file (2020–2020)
Revenue
$30KFY2020
Expenses
$27K
Net assets
$712K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  31-1591377 Supporting organization Sherman Oaks, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Funds church building upkeep, local and global Methodist missions.
Leadership
Joyce Rose · Director
Money in and out
$30K revenue, $27K expenses
Bottom line
+10% net inflow
Money in and out · FY2020
Total revenue
$30K
Pt VIII · Ln 12
Total expenses
$27K
Pt IX · Ln 25
Net assets
$712K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Net inflow
+10%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
99%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$30K
FY2020
Expenses
$27K
FY2020
Total assets
$713K
FY2020
Total liabilities
$2K
FY2020
Total revenue
$30K
Pt VIII · Ln 12
Total expenses
$27K
Pt IX · Ln 25
Net assets
$712K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$713K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSoumc Endowment Foundation
EINHdr · item D31-1591377
Principal addressHdr · item CSherman Oaks, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20Z)
Ruling yearIRS BMFOct 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Soumc Endowment Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $26K of program spending, described in the organization's own filed words · FY2020.
01

Trustee Projects

The SOUMCEF supports SOUMC by contributing to building maintenance which is coordinated by the Trustees of SOUMC. Payments are distributed based on receipts submitted by the Trustees up to the budgeted amount.

$9Kprogram expense
02

Outreach Missions

The SOUMCEF supports SOUMC by contributing to the world-wide mission projects of the connectional United Methodist Church through apportionment amounts assigned to SOUMC by the connectional church.

$9Kprogram expense
03

Local Ministries

The SOUMCEF supports SOUMC by contributing to ministries at the Sherman Oaks location.

$8Kprogram expense

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Statement of Revenue

Part VIII
Investment income100%$30K
Total revenueLn 12$30K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$26K
Management & general1%$150
Total functional expensesLn 25$27K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$713K
Total liabilitiesLn 26$2K
Total net assetsLn 32$712K
Months of cash on handcomputed11.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $27K
11.9 months
Where the money goes
Program services
Program services $26K · Total expenses $27K
99%
Management & General
Management & general $150 · Total expenses $27K
0.6%
Fundraising
Fundraising $0 · Total expenses $27K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $30K
0%
Government reliance
Government grants — · Total revenue $30K
Earned-income share
Program service revenue $0 · Total revenue $30K
0%
Investment reliance
Investment income $30K · Total revenue $30K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $27K
0%
Growth & trend
Revenue growth (YoY)
This year $30K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $712K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $30K · Expenses $27K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $713K
Net-asset ratio
Net assets $712K · Total assets $713K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $713K
0%
People & payroll
Highest Reported Total Compensation
Individual Joyce Rose · Reported title Director · Highest reported compensation $0 · Total expenses $27K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $27K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $115K · 2021–2025
Sherman Oaks United Methodist ChurchFY2025$32,859
Sherman Oaks United Methodist ChurchFY2023$26,529
Sherman Oaks United Methodist ChurchFY2022$30,898
Sherman Oaks United Methodist ChurchFY2021$24,362

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$42K revenue · ⤓ 990 PDF
FY2024$58K revenue · ⤓ 990 PDF
FY2023$34K revenue · ⤓ 990 PDF
FY2022$31K revenue · ⤓ 990 PDF
FY2021$65K revenue · ⤓ 990 PDF
FY2020$30K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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