Methodist Wesley Woods Foundation FY2021 filing

Tax-deductible

Winchester, KY501(c)(3)EIN 61-6089734

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Christian church camp for youth activities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$29K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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 $22K a year · 39% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$29K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
+157% vs prior year
Spent
$77K
To programs
88%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$74K
FY2021▲ +157%
Revenue by fiscal year
FY2020$29K
FY2021$74K
FY2022$46K
FY2023$41K
FY2024$93K
Expenses
$77K
FY2021▲ +11%
Expenses by fiscal year
FY2020$69K
FY2021$77K
FY2022$83K
FY2023$82K
FY2024$83K
Net assets
$1.1M
FY2021▲ +4%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$875K
FY2023$922K
FY2024$957K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Apr 1976.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $68K Management & general 12% · $9K

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

8 people listed on the 990; $29K paid to officers and key staff.

Part VII, Section A · reportable compensation
$28,800Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$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

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Neal Edwards$28,800———
Neal Beth Edwards—$28,800$28,800$28,800

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 Methodist Wesley Woods 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides Christian church camp experiences for youth.

Provided by the organization

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1 program service account for $68K of program spending, described in the organization's own filed words · FY2021.
01

Christian church camp for youth activities and church related activities.

$68Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Investment incomeLn 3$62K
Fees for servicesLn 2g$13K
Gifts and grantsLn 1h$100
Money outPt IX
$77K
Ln 25
Programscol B$68K
Managementcol C$9K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Fees for servicesLn 2g$13K
Investment incomeLn 3$62K
Gains on assetsLn 7$48K
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
InvestmentsLn 11–13$828K
Land, buildings, equipmentLn 10c$203K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$22K$50K
InvestmentsLn 11–13$778K$828K
Land, buildings, equipmentLn 10c$209K$203K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$29K$29K
Accounting feesLn 11c$925$925
Investment management feesLn 11f$8K$8K
Office expensesLn 13$1K$1K
OccupancyLn 16$8K$8K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$8K$8K$225
Total functional expensesLn 25$77K$68K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $93K$83K$11K$957K 990 PDF
FY2023 $41K$82K−$42K$922K 990 PDF
FY2022 $46K$83K−$37K$875K 990 PDF
FY2021 Viewing $74K$77K−$3K$1.1M 990 PDF
FY2020 $29K$69K−$40K$1.0M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $74,300 across 6 lines filed
VIII-1f All other contributions, gifts and grants$100
VIII-1h Total contributions, gifts and grants$100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,700$12,700
VIII-3 Investment incomeRelated to mission $13,800$13,800
VIII-7 Net gain or loss on sales of assetsRelated to mission $47,700$47,700
VIII-12 Total revenueRelated to mission $74,200 · Unrelated business $0 · Excluded from tax $0$74,300
Part IX · Statement of functional expenses $77,169 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,800$28,800
IX-11c Accounting feesManagement $925$925
IX-11f Investment management feesManagement $8,027$8,027
IX-13 Office expensesPrograms $1,144$1,144
IX-16 OccupancyPrograms $7,804$7,804
IX-22 Depreciation, depletion and amortizationPrograms $13,332$13,332
IX-23 InsurancePrograms $8,991$8,991
IX-24 Other expenses (24a–d)Programs $7,921 · Management $225$8,146
IX-25 Total functional expensesPrograms $67,992 · Management $9,177 · Fundraising $0$77,169
Part X · Balance sheet $1,080,743 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $21,727$49,847
X-10c Land, buildings and equipment, netStart of year $209,031$203,269
X-11 Publicly traded securitiesStart of year $777,708$827,627
X-16 Total assetsStart of year $1,043,466$1,080,743
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,043,466$1,080,743
X-33 Total liabilities and net assetsStart of year $1,043,466$1,080,743
Part XI · Reconciliation of net assets $1,080,743 net assets at year end
XI-1 Total revenue$74,300
XI-2 Total expenses$77,169
XI-3 Revenue less expenses−$2,869
XI-4 Net assets at start of year$1,043,466
XI-5 Net unrealized gains (losses) on investments$40,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,080,743

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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