Caring Forever Foundation EIN 76-0611358

Caring Forever Foundation

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Funds charitable programs for Memorial Drive United Methodist Church. For fiscal year 2024 it reported $339K in revenue, $235K in expenses, and $7.6M in net assets.Pt I

Type
Supporting organization · Religion
Location
Houston, TX
Website
www.mdumc.org/cff
Filings
5 on file (2020–2024)
Revenue
$339KFY2024
Expenses
$235K
Net assets
$7.6M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  76-0611358 Supporting organization Houston, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds charitable programs for Memorial Drive United Methodist Church.
Leadership
Trish Brice · Director
Money in and out
$339K revenue, $235K expenses
Bottom line
+31% net inflow
Money in and out · FY2024
Total revenue
$339K
Pt VIII · Ln 12
Total expenses
$235K
Pt IX · Ln 25
Net assets
$7.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $104K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Net inflow
+31%
revenue over expenses, this year▲ ×11 vs prior filing year
Pass-through gifts
79%
of revenue from contributions▼ -12% vs prior filing year
Program spending
91%
of expenses reach stated programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$339K
FY2024▲ +63%
Expenses
$235K
FY2024▲ +9%
Total assets
$7.6M
FY2024▲ +10%
Total liabilities
$0
FY2024
Total revenue
$339K
Pt VIII · Ln 12
Total expenses
$235K
Pt IX · Ln 25
Net assets
$7.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$104K
Total assetsPt X · Ln 16$7.6M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $214K of program spending, described in the organization's own filed words · FY2024.
01

Caring forever foundation supports memorial drive united methodist church and makes grants in furtherance of the charitable programs of memorial drive united methodist church. In 2024, the foundation awarded 30 grants.

$214Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCaring Forever Foundation
EINHdr · item D76-0611358
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.mdumc.org/cff
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X11)
Ruling yearIRS BMFOct 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$269K · 79%
Investment income$60K · 18%
Other revenue$10K · 3%
Contributions & grants79%$269K
Investment income18%$60K
Other revenue3%$10K
Total revenueLn 12$339K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$214K
Management & general9%$21K
Total functional expensesLn 25$235K

Balance Sheet

Part X · end of year
CashLn 1$102K
Total assetsLn 16$7.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$7.6M
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.6M · Operating expenses/yr $235K
386.3 months
Where the money goes
Program services
Program services $214K · Total expenses $235K
91%
Management & General
Management & general $21K · Total expenses $235K
9%
Fundraising
Fundraising $0 · Total expenses $235K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $225K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $269K · Total revenue $339K
79%
Government reliance
Government grants — · Total revenue $339K
Earned-income share
Program service revenue $0 · Total revenue $339K
0%
Investment reliance
Investment income $60K · Total revenue $339K
+18%
Program self-sufficiency
Program service revenue $0 · Total expenses $235K
0%
Growth & trend
Revenue growth (YoY)
This year $339K · Prior year $208K
+63%
Revenue CAGR
FY2020 $146K · FY2024 $339K
+23%
Net-asset trend (YoY)
End of year $7.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $339K · Expenses $235K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $7.6M
Net-asset ratio
Net assets $7.6M · Total assets $7.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $7.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.6M
99%
People & payroll
Highest Reported Total Compensation
Individual Trish Brice · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $235K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $73K · Total expenses $235K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 63%
Accounting fee ratio 0.9%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$7K
Grants paid · 26 grants · $451K · 2020–2024
Memorial Drive United Methodist ChuFY2024$66,220
Mikeys PlaceTX · FY2024$8,000
House of Amos INCTX · FY2024$7,500
Familypoint ResourcesTX · FY2024$7,500
Memorial Drive United Methodist ChuFY2023$67,533
Kids Meals INCTX · FY2023$8,000
Elijah RisingTX · FY2023$7,000
House of Amos INCTX · FY2023$7,000
MamTX · FY2023$5,950
Memorial Drive United Methodist ChuFY2022$30,525
NewspringTX · FY2022$12,338
Galveston Housing Plus INCTX · FY2022$10,000
Unitemized GrantFY2022$8,314
House of Amos INCTX · FY2022$6,000
Kids Meals INCTX · FY2022$6,000
See all 26 grants →

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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
FY2024 (Latest)$339K revenue · viewing · ⤓ 990 PDF
FY2023$208K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$183K revenue · ⤓ 990 PDF
FY2020$146K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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