Caring Forever Foundation EIN 76-0611358 Form 990 (PDF) Claim this org

Caring Forever Foundation FY2023 filing

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Funds charitable programs for Memorial Drive United Methodist Church. For fiscal year 2023 it reported $208K in revenue, $215K in expenses, and $6.9M in net assets.Pt I

Type
Supporting organization · Religion
Location
Houston, TX
Website
www.mdumc.org/cff
Filings
5 on file (2020–2023)
Revenue
$208KFY2023
Expenses
$215K
Net assets
$6.9M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  76-0611358 Supporting organization Houston, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
$208K revenue, $215K expenses
Bottom line
-3% net inflow
Money in and out · FY2023
Total revenue
$208K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Net inflow
-3%
revenue over expenses, this year
Pass-through gifts
91%
of revenue from contributions
Program spending
89%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$208K
FY2023▼ -12%
Expenses
$215K
FY2023▼ -3%
Total assets
$6.9M
FY2023▲ +13%
Total liabilities
$0
FY2023
Total revenue
$208K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$6.9M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $191K of program spending, described in the organization's own filed words · FY2023.
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 2023, the foundation awarded 27 grants.

$191Kprogram 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 1a13
Independent voting membersPt VI · Ln 1b12
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
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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Statement of Revenue

Part VIII
Contributions & grants$189K · 91%
Other revenue$12K · 6%
Investment income$8K · 4%
Contributions & grants91%$189K
Other revenue6%$12K
Investment income4%$8K
Total revenueLn 12$208K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$191K
Management & general11%$24K
Total functional expensesLn 25$215K

Balance Sheet

Part X · end of year
CashLn 1$83K
Total assetsLn 16$6.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$6.9M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.9M · Operating expenses/yr $215K
382.8 months
Where the money goes
Program services
Program services $191K · Total expenses $215K
89%
Management & General
Management & general $24K · Total expenses $215K
11%
Fundraising
Fundraising $0 · Total expenses $215K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $192K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $189K · Total revenue $208K
91%
Government reliance
Government grants — · Total revenue $208K
Earned-income share
Program service revenue $0 · Total revenue $208K
0%
Investment reliance
Investment income $8K · Total revenue $208K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $215K
0%
Growth & trend
Revenue growth (YoY)
This year $208K · Prior year $235K
-12%
Net-asset trend (YoY)
End of year $6.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $208K · Expenses $215K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $6.9M
Net-asset ratio
Net assets $6.9M · Total assets $6.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.9M
99%
People & payroll
Highest Reported Total Compensation
Individual Trish Brice · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $215K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $215K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth -12%
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 · ⤓ 990 PDF
FY2023$208K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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