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Canterbury Methodist Foundation FY2020 filing

Tax-deductible

Birmingham, AL501(c)(3)Since 1991EIN 58-1998029

The Foundation is organized for the purpose of supporting the ministry and operations of Canterbury United Methodist Church.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $694K a year · 29% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $46K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.2M
To programs
96%
Net assets
$9.8M
By yearFY2020–FY2025
Revenue
$1.4M
FY2020
Revenue by fiscal year
FY2020$1.4M
FY2021$2.4M
FY2022$1.7M
FY2023$4.9M
FY2024$1.6M
FY2025$2.1M
Expenses
$1.2M
FY2020
Expenses by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.5M
FY2023$2.7M
FY2024$1.6M
FY2025$1.7M
Net assets
$9.8M
FY2020
Net assets by fiscal year
FY2020$9.8M
FY2021$11.0M
FY2022$11.2M
FY2023$13.4M
FY2024$13.4M
FY2025$13.7M

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

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1992.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.1M Management & general 4% · $46K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jeff Stone
Co-Leader
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alan Martin
At-Large Position
$0Pt VII · Sec A
Betsy French
At-Large Position
$0Pt VII · Sec A
Lee Estes
Ex-Officio
$0Pt VII · Sec A
See Canterbury Methodist 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 15aNo

Programs and updates

Supports religious, charitable, and educational activities in the greater Birmingham area.

Provided by the organization

This section is blank until Canterbury Methodist Foundation claims this page.

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1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2020.
01

Engaged in various religious, charitable, and educational activities in the greater Birmingham area.

$1.1Mprogram 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 · FY2024
Natl Christian Charitable Fdn INCFY2024$38K
Vanguard Charitable Endowment ProgramFY2024$8K
Total grants receivedfrom 2 funders$46K
Grants paid · 6 grants · $6.5M · 2020–2025
Canterbury United Methodist ChurchFY2025$1,701,092
Canterbury United Methodist ChurchFY2024$1,565,418
Canterbury United Methodist ChurchFY2023$2,608,029
Canterbury United Methodist ChurchFY2022$206,428
Canterbury United Methodist ChurchFY2021$194,123
Canterbury United Methodist ChurchFY2020$233,334

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$335K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$46K
Owns and owesPt X
$9.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$9.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$335K
Gains on assetsLn 7$120K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$8.4M
Total assetsLn 16$9.8M
LiabilitiesLn 26$0
Net assetsLn 32$9.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$1.4M
InvestmentsLn 11–13$8.4M$8.4M
Total assetsLn 16$9.5M$9.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$9.5M$9.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$34K$34K
Total functional expensesLn 25$1.2M$1.1M$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.1M$1.7M$319K$13.7M 990 PDF
FY2024 $1.6M$1.6M$19K$13.4M 990 PDF
FY2023 $4.9M$2.7M$2.2M$13.4M 990 PDF
FY2022 $1.7M$1.5M$183K$11.2M 990 PDF
FY2021 $2.4M$1.2M$1.2M$11.0M 990 PDF
FY2020 Viewing $1.4M$1.2M$265K$9.8M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,427,920 across 6 lines filed
VIII-1d Related organizations$32,945
VIII-1f All other contributions, gifts and grants$1,059,705
VIII-1h Total contributions, gifts and grants$1,092,650
VIII-3 Investment incomeExcluded from tax $215,208$215,208
VIII-7 Net gain or loss on sales of assetsExcluded from tax $120,062$120,062
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $335,270$1,427,920
Part IX · Statement of functional expenses $1,162,837 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,117,300$1,117,300
IX-11c Accounting feesManagement $12,000$12,000
IX-11f Investment management feesManagement $33,537$33,537
IX-25 Total functional expensesPrograms $1,117,300 · Management $45,537 · Fundraising $0$1,162,837
Part X · Balance sheet $9,811,155 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $17,468$36,912
X-2 Savings and temporary cash investmentsStart of year $1,145,970$1,396,174
X-11 Publicly traded securitiesStart of year $8,382,634$8,378,069
X-16 Total assetsStart of year $9,546,072$9,811,155
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $9,546,072$9,811,155
X-33 Total liabilities and net assetsStart of year $9,546,072$9,811,155
Part XI · Reconciliation of net assets $9,811,155 net assets at year end
XI-1 Total revenue$1,427,920
XI-2 Total expenses$1,162,837
XI-3 Revenue less expenses$265,083
XI-4 Net assets at start of year$9,546,072
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,811,155

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

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