The organization supports memorial drive united methodist church and makes grants in furtherance of the charitable programs of memorial drive united methodist church.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $11K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $6.0M in investments, Pt X · Ln 11–13
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
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
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
+29% vs prior year
Spent
$221K
To programs
91%
Net assets
$6.1M
By yearFY2020–FY2024
Revenue
$235K
FY2022▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$146K
FY2021$183K
FY2022$235K
FY2023$208K
FY2024$339K
Expenses
$221K
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$176K
FY2021$207K
FY2022$221K
FY2023$215K
FY2024$235K
Net assets
$6.1M
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$7.2M
FY2022$6.1M
FY2023$6.9M
FY2024$7.6M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Oct 2000.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $202K Management & general 9% · $20K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Caring Forever 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

Funds charitable programs for Memorial Drive United Methodist Church.

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Provided by the organization

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1 program · $202K · in their own filed words · FY2022
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 2021, the foundation awarded 24 grants.

$202Kprogram 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 · 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 →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$227K
Other incomeLn 4–11$8K
Investment incomeLn 3$46
Money outPt IX
$221K
Ln 25
Programscol B$202K
Managementcol C$20K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$6.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$227K
Government grantsLn 1e$11K
Fundraising eventsLn 1c$12K
Investment incomeLn 3$46
Other incomeLn 4–11$8K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$97K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$6.0M
Total assetsLn 16$6.1M
LiabilitiesLn 26$0
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
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 FY22End FY22
Cash and savingsLn 1–2$83K$97K
InvestmentsLn 11–13$7.1M$6.0M
Total assetsLn 16$7.2M$6.1M
LiabilitiesLn 26$169$0
Net assetsLn 32$7.2M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$116K$116K
Grants to domestic individualsLn 2$8K$8K
Other salaries and wagesLn 7$61K$49K$12K
Payroll taxesLn 10$5K$4K$932
Accounting feesLn 11c$2K$2K
Office expensesLn 13$800$640$160
Other expenses (24a–d)Ln 24$28K$24K$4K
Total functional expensesLn 25$221K$202K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $339K$235K$104K$7.6M 990 PDF
FY2023 $208K$215K−$7K$6.9M 990 PDF
FY2022 Viewing $235K$221K$14K$6.1M 990 PDF
FY2021 $183K$207K−$24K$7.2M 990 PDF
FY2020 $146K$176K−$30K$6.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $235,465 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $182,843$227,453
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$46
I-11 Other revenue$7,966
I-12 Total revenuePrior year $182,849$235,465
I-13 Grants and similar amounts paidPrior year $114,644$124,751
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,592$65,570
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,578$31,117
I-18 Total expensesPrior year $206,814$221,438
I-19 Revenue less expensesPrior year −$23,965$14,027
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $235,465 across 7 lines filed
VIII-1c Fundraising events$12,050
VIII-1e Government grants$11,133
VIII-1f All other contributions, gifts and grants$204,270
VIII-1h Total contributions, gifts and grants$227,453
VIII-3 Investment incomeExcluded from tax $46$46
VIII-8 Net income from fundraising events$7,966
VIII-12 Total revenueExcluded from tax $46$235,465
Part IX · Statement of functional expenses $221,438 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $116,437$116,437
IX-2 Grants to domestic individualsPrograms $8,314$8,314
IX-7 Other salaries and wagesPrograms $48,728 · Management $12,182$60,910
IX-10 Payroll taxesPrograms $3,728 · Management $932$4,660
IX-11c Accounting feesManagement $1,875$1,875
IX-13 Office expensesPrograms $640 · Management $160$800
IX-24 Other expenses (24a–d)Programs $24,077 · Management $4,365$28,442
IX-25 Total functional expensesPrograms $201,924 · Management $19,514 · Fundraising $0$221,438
Part X · Balance sheet $6,075,999 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $83,321$97,179
X-11 Publicly traded securitiesStart of year $7,135,339$5,978,820
X-16 Total assetsStart of year $7,218,660$6,075,999
X-26 Total liabilitiesStart of year $169$0
X-27 Net assets without donor restrictionsStart of year $3,731,439$3,195,757
X-28 Net assets with donor restrictionsStart of year $3,487,052$2,880,242
X-32 Total net assets or fund balancesStart of year $7,218,491$6,075,999
X-33 Total liabilities and net assetsStart of year $7,218,660$6,075,999
Part XI · Reconciliation of net assets $6,075,999 net assets at year end
XI-1 Total revenue$235,465
XI-2 Total expenses$221,438
XI-3 Revenue less expenses$14,027
XI-4 Net assets at start of year$7,218,491
XI-5 Net unrealized gains (losses) on investments−$1,156,519
XI-10 Net assets at end of year$6,075,999

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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